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Tata Sons, the unlisted holding company of Tata Group of companies, has announced a dividend of Rs 10,000 per share at the rate of 1,000 per cent
It looks to raise $1.1 billion in external commercial borrowing
All dividend income prior to Ukraine war was repatriated but the one that accrued after that is stuck, said Harish Madhav, Director (Finance), Oil India Ltd, which is one of the partners in the fields
The payout will make a small dent in lender's capital adequacy ratio; stock sheds 3.73% on BSE
India's top promoters and business families' income jumped from equity dividends and share buybacks in FY22 while flow of money into NRI deposits moderated sharply to $3.23 bn in FY22.
Here are the best of Business Standard's opinion pieces for Tuesday
What we have is effectively a tax though it is subtle and non-transparent as it is collected indirectly through the RBI.
Holding firm set to get record Rs 22,000 crore dividend from group companies
FIDC has written to the RBI seeking implementation of the proposed guidelines for dividend distribution by NBFCs with effect from April 1, 2021
Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.
The tax applies even to FPIs that might otherwise have been protected from a higher tax rate because of existing treaties
Most tax experts and chartered accountants say their high-net-worth clients are rattled
Rising oil prices, diminishing cash pile to limit capacity in 2018-19