Operating profit margins fell to 39.5 percent versus 51.1 percent in the corresponding quarter of last year. Net profits at Rs 55 crore is also lower by 11 percent in the fourth quarter. The board has recommended payment of Rs 4.5 per equity share (@ 225% per equity share of Rs.2/- each) as the final dividend of the company for the financial year 2022-23.

Google co-founder Larry Page’s net worth increased by $9.4 billion this week to $106.9 billion, while Sergey Brin’s rose $8.9 billion to $102.1 billion, according to the Bloomberg Billionaires Index.

Consolidated operating margins slipped 110 bps in the fourth quarter to 7.3 percent, while net profit rose 8 percent to Rs 460 crore.

World Fair Trade Day 2023 will be observed on May 13. The first World Fair Trade Day was celebrated in 2001, and since then the day is making us aware of the challenges faced by marginalised producers and workers in developing countries, among other things.