Govt revises norms on dividend payment by PSUs
Every CPSE would pay a minimum annual dividend of 30% of profit after tax or 4% of the net worth, whichever is higher.
Every CPSE would pay a minimum annual dividend of 30% of profit after tax or 4% of the net worth, whichever is higher.
The promoters will be laughing all the way to the bank even as India investors brace for a long ride ahead.
If approved, this will be the third bonus issue by Reliance Industries after 2009 and 2017, when the conglomerate issued bonus shares in the ratio of 1:1.
The board of Hindustan Zinc has approved the second interim dividend worth ₹8,028.11 crore.
The government holds a 29.54% stake in HZL while Vedanta owns 64.92% shares in the metal and mining company, which are largely pledged.
LIC will give a dividend of ₹3,662 crore to the government, its largest shareholder.
Sustained deficit reduction would be positive for India's sovereign rating fundamentals over the medium term, says Fitch Ratings
The financing arm of the Indian Railways proposes to raise up to ₹50,000 cr through bond issue or bank loan during FY25.
The share price of Vedanta has more than doubled from its 52-week low of ₹207.85 touched on September 28, 2023.
The board of Dabur has proposed a dividend of ₹2.75 per share for FY24, aggregating to ₹487.31 crore.