When asked how much interim dividend the government expects from the RBI, DEA Secy Garg said, 'Rs 28,000 crore'
The proposed 10% tax on dividends of over Rs 10 lakh per annum will be kicking in from April 1 and hence, there has been a frantic race through March to declare large interim dividends
RIL, HPCL, Biocon, Cadila Healthcare, TVS Motor, CESC, Shree Cement, Torrent Power & Marico went ex-dividend today.
Reliance Ind, Hero MotoCorp, Shree Cement and Torrent Power board will meet today to consider interim dividend on equity shares of the company for FY16