What do we mean by ‘Dividend’? Dividend refers to a reward, cash or otherwise, that a company gives to its shareholders. Dividends can be issued in various forms, such as cash payment, stocks or any other form. A company's dividend is decided by its board of directors and it requires the shareholders' approval. Generally, it [...]
Domestic benchmark indices declined on Monday triggered by weak global cues on the looming worries of contagion risks in the global banking system despite Credit Suisse’s acquisition by the UBS group. The Sensex opened marginally lower at 57,773.56 points and the Nifty at 17066.60 points. The indices ended lower on Friday, for the second session [...]
Five senior executives of Nykaa, including SuperStore CEO, chief business officer and chief commercial officer, have resigned from the company, according to two people aware of the development. Those who have resigned include Nykaa SuperStore CEO Vikas Gupta, Nykaa Fashion chief business officer Gopal Asthana, chief commercial operations officer Manoj Gandhi, business head Shuchi Pandya [...]
Global tech company KPIT Technologies Ltd hit its 52-week high figure today at Rs 913.90. Keeping a purview of six months, the stock has been able to deliver decent returns of around 37 percent to its holders. Since the inception of its listing on the exchange, the stock has proven to deliver returns of more [...]
Akasa Air plans to hire nearly 1,000 people and take the total staff strength to more than 3,000 by the end of March 2024 as the airline continues to expand its fleet as well as routes, according to its chief Vinay Dube. The airline, which took to the skies a little over seven months ago, [...]
Reserve Bank of India's central board on Friday reviewed the global and domestic economic situation as well as the associated challenges. The 601st meeting of the Central Board of Directors of Reserve Bank of India (RBI) was held at Hyderabad under the chairmanship of Governor Shaktikanta Das. "The board in its meeting reviewed the global [...]
India's forex kitty rose by USD 12.798 billion to USD 572.801 billion in the week ended March 17, the Reserve Bank said on Friday. In the previous reporting week, the reserves had dropped by USD 2.39 billion to a three-month low of USD 560.003 billion. It can be noted that in October 2021, the country's [...]
Earlier this week, Indraprastha Gas Ltd. (IGL) and Bharat Heavy Electricals Ltd. (BHEL) entered into a Memorandum of Understanding (MoU) to design, develop, and commission dedicated cylinders for blending hydrogen with CNG and operating fuel cell-based power based power backup systems. The developments are along the lines of The National Green Hydrogen Mission launched by [...]
Around 5,642 warehousing projects have been completed under the Warehouse Infrastructure Fund (WIF) scheme so far, Parliament was informed on Friday. Under the Warehouse Infrastructure Fund (WIF) scheme, under the Ministry of Finance, about Rs 9,393.68 crore funds have been sanctioned till December 2022 for establishment of 7,953 warehouse projects spread across 21 states, Agriculture [...]
The Enforcement Directorate Friday said it has attached a multi-storeyed commercial complex, worth more than Rs 252 crore, located in Delhi's Shalimar Bagh area in connection with a money laundering investigation linked to an alleged bank fraud case against the Ambience Group. The immovable property is named Ambience Tower and it belongs to a company [...]
