Dividend Income
Tata Trusts to earn Rs 267 cr as dividend income from Tata Sons in FY22
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
 "Tata Trusts to earn Rs 267 cr as dividend income from Tata Sons in FY22")
HDFC Ltd net profit surges 22% YoY to Rs 3,668 crore in June quarter
It looks to raise $1.1 billion in external commercial borrowing
 "HDFC Ltd net profit surges 22% YoY to Rs 3,668 crore in June quarter")
8 bn rubles of Indian oil companies stuck in Russia, says officials
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
 "8 bn rubles of Indian oil companies stuck in Russia, says officials")
Bank of Maharashtra to pay 5% dividend from net worth on govt nudge
The payout will make a small dent in lender's capital adequacy ratio; stock sheds 3.73% on BSE
 "Bank of Maharashtra to pay 5% dividend from net worth on govt nudge")
Top Headlines: Top promoters' dividend income jumps, NRI deposits moderates
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.
 "Top Headlines: Top promoters' dividend income jumps, NRI deposits moderates")
Best of BS Opinion: New idea of India, BJP is as safe as a big bank & more
Here are the best of Business Standard's opinion pieces for Tuesday
 "Best of BS Opinion: New idea of India, BJP is as safe as a big bank & more")
Inflation tax masquerading as dividend income
What we have is effectively a tax though it is subtle and non-transparent as it is collected indirectly through the RBI.
Tata Sons finances escape Covid blow; TCS remains the prime cash cow
Holding firm set to get record Rs 22,000 crore dividend from group companies
 "Tata Sons finances escape Covid blow; TCS remains the prime cash cow")
'Dividend payout norms for NBFCs should come into effect from FY22': FIDC
FIDC has written to the RBI seeking implementation of the proposed guidelines for dividend distribution by NBFCs with effect from April 1, 2021
 "'Dividend payout norms for NBFCs should come into effect from FY22': FIDC")
Despite poor show in Q4, India Inc's combined dividend payout rises 6.5%
Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.
 "Despite poor show in Q4, India Inc's combined dividend payout rises 6.5%")
FPIs may face challenges related to withholding tax on dividend income
The tax applies even to FPIs that might otherwise have been protected from a higher tax rate because of existing treaties
 "FPIs may face challenges related to withholding tax on dividend income")
Dividend income, partnership firms two ways to reduce income tax liability
Most tax experts and chartered accountants say their high-net-worth clients are rattled
 "Dividend income, partnership firms two ways to reduce income tax liability")
Govt may have to settle for lower dividend income from PSUs in FY19
Rising oil prices, diminishing cash pile to limit capacity in 2018-19
 "Govt may have to settle for lower dividend income from PSUs in FY19")
