Page 25 - Dividend

RBI prescribes guidelines for distribution of dividends by NBFCs

The guidelines shall be effective for declaration of dividend from the profits of the financial year ending March 31, 2022 and onwards

HDFC Bank board declares dividend of Rs 6.50 per share for FY21

HDFC Bank on Friday said its board has declared a dividend of Rs 6.50 per share for the year ended March 2021. "A dividend of Rs 6.50 per equity share ( 650 per cent on face value of Re 1) out of the net profits for the year ended March 31, 2021, has been recommended, subject to the approval of the shareholders of the bank at its ensuing Annual General Meeting (AGM)," HDFC Bank said in a regulatory filing. If approved at the AGM, the expected date for payment of dividend in electronic form and for dispatch of physical dividend warrants would be August 2, 2021 onwards, it added. The AGM of the bank is scheduled for July 17, 2021 through video conferencing and other audio visual means. Besides, the board approved revising the re-appointment of Umesh Chandra Sarangi as an independent director from March 1, 2021 till February 29, 2024. Earlier, the board had okayed his tenure from March 2021 till February 5, 2022. Also, the board sought to appoint M M Nissim & Co LLP, chartered ...

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

Coal India Ltd final dividend to enrich govt by Rs 1,426 crore

The government will receive Rs 1,426 crore as dividend from Coal India Limited (CIL) after the dry fuel miner on Monday announced an additional final dividend of 35 per cent

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.

CIL Q4 net marginally down at Rs 4,589 cr; declares Rs 3.5 final dividend

Revenue from operations decreased to Rs 26,700 crore as against Rs 27,568 crore a year ago

Coal India may announce 20-25% additional dividend on June 14: Report

Coal India Ltd is expected to reward its shareholders with an additional final dividend of 20-25 per cent in its board meeting that will declare fourth-quarter financial results, sources said.

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

Divi's Labs gains 3%, hits new high on strong March quarter results

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

Stock broking giant Zerodha's FY21 profit more than doubles to Rs 1,000 cr

Promoter Nithin Kamath says firm unlikely to raise external resources

Cheviot Co zooms 20% as firm announces special dividend of Rs 175 per share

The company has fixed July 16, 2021, as the record date fixed for the purpose of dividend

Boardroom bonanza: Dividend payout up 9% as India Inc sees recovery

All 268 early-bird firms in surveyed sample may pay a total of Rs 1.16 trillion

Lupin soars 8%, hits over three-year high on heavy volumes

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 must halve their dividends to conserve capital in view of Covid: RBI

Banks could pay maximum 50% of dividend from their profits in 2020-21; no such restriction on cooperative banks

Sebi directive of April 1 may put the brakes on MF dividends in FY22

Operational and compliance challenges foreseen for fund houses in deducting tax at source, resulting in possible TDS mismatches and disputes with investors

Bajaj Auto amends dividend distribution policy to manage surplus funds

The Pune-based company, at the end of fiscal 2020, had cash and cash equivalent of Rs 13,972 crore.

A quick and simple guide on tax compliance ahead of the March 31 deadline

Apart from tax planning, you need to make sure you've paid your advance tax correctly and linked your Aadhaar to your PAN

Dividend rule: MF industry working with tax experts to arrive at a solution

MF industry grappling with diktat to segregate dividend as income and capital distribution

BEL pays Rs 174 crore interim dividend for FY 2020-21 to defence ministry

The firm paid the dividend to the defence ministry, according to an official statement

Mazagaon Dock pays interim dividend of Rs 92.56 cr to Defence Min for FY21

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