India’s coal output soared by 28 per cent to 66.1 million tonnes (mt) in April amid high demand from thermal power plants as several parts of the country grappled with power shortage.

The overall coal production was at 51.6 mt in April 2021. “During the month of April, 2022 India's total coal production stood at 66.1 mt," the coal ministry said in a statement.

Ukrainian Prime Minister Denys Shmyhal has said Ukraine has received 4.5 billion euros (about $4.73 billion) in financial international aid since the start of the conflict with Russia, the government press service said.

Over the past week, Ukraine received $500 million in grant funds from the World Bank, Shmyhal added on Tuesday.

Shares of Titan Company hit an over three-month low of Rs 2,309, down 3 per cent on the BSE in Wednesday’s intra-day trade after the company reported a 7.21 per cent year on year (YoY) decline in its consolidated net profit at Rs 527 crore in the fourth quarter ended March 2022 (Q4FY22).

The stock of the Tata group firm was trading at its lowest level since January 27, 2022. In the past one week, it has underperformed the market by falling 9 per cent as compared to a 0.87 per cent decline in the S&P BSE Sensex.

Shares of Britannia Industries surged 10 per cent to Rs 3,590.85 on the BSE in Wednesday’s intra-day trade, after the packaged foods company reported better-than-expected volume growth in the base business. The company posted volume growth at around 4 per cent in March quarter (Q4FY22), beating analyst estimates of 1 per cent. Meanwhile, the board has recommended a dividend of 5650 per cent i.e. Rs 56.5 per share.

However, at 09:37 AM; the stock erased its partial intra-day gain and was up 4 per cent at Rs 3,412. In comparison, the S&P BSE Sensex was down 0.05 per cent at 56,948 points.

LIC public offer, the country's biggest-ever IPO, on Wednesday opened for subscription for retail and institutional investors.

The government aims to generate about Rs 21,000 crore by diluting its 3.5 per cent stake in the insurance behemoth.

The LIC initial public offering (IPO), now open for retail and institutional investors, is set to close on May 9.

India's largest two-wheeler maker Hero MotoCorp posted weak set of numbers as both bottom and top line took a hit, mainly due to weak rural demand, price hikes and high raw material costs.

“With the economy picking up, we expect the demand for motorcycles and scooters to see a positive turnaround in the coming months. While concerns related to high input costs continue to remain a challenge, we will keep monitoring the situation and take judicious measures as appropriate," said Hero MotoCorp CFO Niranjan Gupta.

Facebook is pulling out of podcasts and plans to remove them altogether from the social-media service starting June 3.

Part of Meta Platforms Inc., Facebook will stop letting people add podcasts to the service starting this week, according to a note sent to partners. It will discontinue both its short-form audio product Soundbites and remove its central audio hub.

India on Monday reported 3,157 new Covid-19 cases, a decline from the 3,324 infections registered the previous day, the Union Health Ministry said, adding that the country's daily positivity rate has crossed the 1 per cent mark.

According to the Ministry, the daily positivity rate as of Monday morning stood at 1.07 per cent, while the weekly positivity rate was 0.70 per cent.

Shares of Gokdaldas Exports were up 4 per cent at Rs 416.50 on the BSE in Monday’s intra-day trade, surging 18 per cent in the past two trading days after the company reported a robust performance in the March quarter (Q4FY22).

Its consolidated earnings before interest, taxes, depreciation, and amortization (ebitda) margin improved 170 bps QoQ and 365 bps YoY to 13.1 per cent on account of positive operating leverage.

With the buzz on merger of L&T Infotech (LTI) and Mindtree getting stronger, analysts believe that the merged entity will start on a strong foundation of growth as the combined total contract value (TCV) of both the companies at the end of FY22 was over $3 billion, but they are still skeptical on the timing of the merger.

Among the mid-cap players, both LTI and Mindtree have performed well for the fourth quarter of FY22 as well as for the full year. LTI, which crossed the $2 billion revenue mark for the fiscal post its result reported that its streak of bagging large deals continues.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.