Holding firm set to get record Rs 22,000 crore dividend from group companies
The board has recommended a dividend of Rs 20 (i.e. 1,000 per cent) per equity share of face value Rs 2 each for the financial year 2020-21
Promoter Nithin Kamath says firm unlikely to raise external resources
The company has fixed July 16, 2021, as the record date fixed for the purpose of dividend
All 268 early-bird firms in surveyed sample may pay a total of Rs 1.16 trillion
The stock surpassed its previous high of Rs 1,121.85 touched on September 2020 and was trading at the highest level since July 2017
Banks could pay maximum 50% of dividend from their profits in 2020-21; no such restriction on cooperative banks
Operational and compliance challenges foreseen for fund houses in deducting tax at source, resulting in possible TDS mismatches and disputes with investors
The Pune-based company, at the end of fiscal 2020, had cash and cash equivalent of Rs 13,972 crore.
Apart from tax planning, you need to make sure you've paid your advance tax correctly and linked your Aadhaar to your PAN
MF industry grappling with diktat to segregate dividend as income and capital distribution
The firm paid the dividend to the defence ministry, according to an official statement
The company has declared interim dividend of Rs 109.11 crore at 54.10 per cent of equity capital for FY 2020-21, Government share being 84.83 per cent
Citing the low interest rate environment and tough market conditions, HSBC abandoned its long-term profitability goal of achieving a return on tangible equity of 10 to 12 per cent
The company expects to generate over $1-1.2 billion cash flow per annum post its normal working capital and maintenance capex
Janus Henderson's report warned that dividends could still fall 2% this year, in a worst-case scenario. But its best-case scenario sees 2021 dividends up 5% on a headline basis
RBI advises against any change in inflation goalposts, monetary policy targets
Brokerage HDFC Securities in a results update said moderation in in-home consumption categories will impact key brands but revival in OOH will support growth
ArcelorMittal said it had benefited from a gradual recovery in steel demand resulting in higher steel shipments and improved margins as well as a better mining performance
ABB India on Wednesday reported over 4 per cent decline in its net profit to Rs 62 crore for December quarter