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.
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HPCL results: Profit plummets 98% to ₹143 crore from ₹5,827 cr in Q2 FY24, revenue up 5%
Sequentially, the profit was down 77.5% from ₹633.94 in the June quarter of FY25.
IRCTC shares dive 5% as Q4 misses estimates
Post Q4 results, Prabhudas Lilladher has given a ‘HOLD’ rating on IRCTC, with a target price of ₹825
PNB Housing Finance shares plunge 8% amid block deal
Asia Opportunities V Mauritius and General Atlantic Singapore Fund were looking to offload shares worth ₹500 crore in PNB Housing via block deal.
NHPC shares rise 2% on fundraising plan
The board of NHPC will meet on March 27 to consider the proposal for raising of debt during financial years 2023-24 and 2024-25.
Govt to divest 3.5% stake in NHPC; PSU stock falls 6%
The government will sell over 25 crore shares in NHPC (with a green shoe option to sell 10 crore more) to raise around ₹2,300 crore.
SBI’s Banker For All Seasons
Betting big on digital, Dinesh Khara has taken India’s biggest lender to dizzying new heights.
IRFC disburses ₹32,393 cr to Indian Railways in FY23, says CMD Shelly Verma at AGM
The financing arm of the Indian Railways has declared a total dividend of ₹1,960.28 crore, which works out to 30.93% of PAT for FY23, says Shelly Verma.
NBCC shares hit 52-week high on bagging order worth ₹2,000 cr
The share price of NBCC has been gaining for the past 8 sessions and climbed 30% during the same period.
NMDC’s Iron Man
Sumit Deb led the company’s ambitious expansion plans and tapped the post-Covid commodity super cycle.
