High headlines: Musk halts Twitter deal, SBI This autumn revenue up 41%

India’s largest lender State Financial institution of India reported a 41 per cent improve in its internet revenue for the fourth quarter ended March 2022. The lender additionally declared a dividend of Rs 7.10 per share. Elon Musk on Friday briefly halted his $44 billion deal for Twitter Inc, leaving the social media firm’s shares in pre-market buying and selling and about 20 p.c decrease on the Frankfurt Inventory Trade.

SBI This autumn end result: Revenue up 41% at Rs 9,113 crore; 7.10 Declaration of Dividend of Rs.

The nation’s largest state-owned lender, State Financial institution of India (SBI) on Friday reported a 41.2 per cent year-on-year (YoY) rise in internet revenue to Rs 9,113.5 crore for the quarter ended March 31, 2022 (Q4FY22). The lender additionally declared a dividend of Rs 7.10 per share. “The Central Board of the Financial institution, in its assembly held on Might 13, 2022, has declared a dividend of Rs 7.10 per fairness share (710 per cent) for the monetary yr ended 31. March 2022. The date of fee of dividend has been mounted as June 10, 2022,” it mentioned in a press release. learn extra

Musk says $44 billion Twitter deal on maintain, needs particulars on spam accounts

Elon Musk mentioned on Friday that his $44 billion deal for Twitter Inc was briefly halted, citing pending particulars on spam and faux accounts. “The Twitter deal briefly pending particulars helps the calculation that spam/pretend accounts truly signify lower than 5% of customers,” Musk mentioned in a tweet. learn extra

Tesla halts entry plan in India after standoff over tariffs: Report

Tesla Inc. has halted plans to promote electrical automobiles in India, gave up its seek for showroom house and reassigned a few of its home staff after failing to safe decrease import taxes, on this case Three individuals acquainted with the information advised Reuters. The choice follows greater than a yr of standoff with authorities representatives as Tesla sought to first take a look at demand by promoting imported electrical autos (EVs) from manufacturing facilities in the US and China at decrease tariffs. learn extra

LIC’s concern worth mounted at Rs 949 per share; Policyholders get low cost

The federal government has mounted the difficulty worth of LIC’s shares at Rs 949 earlier than the itemizing of the nation’s largest insurance coverage firm on Might 17. Priced at Rs 889 and Rs 904 per piece respectively. The preliminary public providing (IPO) of Life Insurance coverage Company (LIC) closed on Might 9 and shares had been allotted to the bidders on Might 12. learn extra

Exports grew 30.7% to $40.19 billion in April; Commerce deficit widens to $20.11 billion

India’s merchandise exports rose 30.7 per cent to $40.19 billion in April, whereas the commerce deficit widened to $20.11 billion, pushed by wholesome efficiency in sectors corresponding to petroleum merchandise, digital items and chemical compounds, the commerce ministry mentioned on Friday. learn extra

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