interim dividend

The central bank in a statement said, "Based on a limited audit review and after applying the extant economic capital framework, the board decided to transfer an interim surplus of Rs 28,000 crore to the central government for the half-year ended December 31, 2018."

Vedanta Ltd on Saturday said its board has approved the first interim dividend of Rs 9.50 per equity share for the current fiscal amounting to Rs 3,500 crore.

Despite a sharp fall in profits and surge in non-performing assets (NPAs), public sector banks (PSBs) are lining up interim dividends.

Billionaire Anil Agarwal's Vedanta Ltd will pay a dividend to investors for the third time this financial year as a rally in commodity prices boosts its earnings. Vedanta will pay the third interim dividend of Rs 13 per equity share or 1,300 per cent for the fiscal year 2021-22, the company said in a stock exchange filing.

The slowdown is denting profits and the future doesn’t seem too bright but public sector units (PSUs), especially banks, are doling out interim dividends.

Keen to conserve cash in an economic slowdown, Indian corporates are likely to slash interim dividends further this year. interim dividends are the payouts to shareholders announced in the period between two annual results.

Reserve Bank of India (RBI) governor Shaktikanta Das on Friday scotched media reports that the government might seek an interim dividend of Rs 30,000 crore from the central bank to meet its revenue shortfall after the massive tax cuts.

The government has already said it will seek interim dividend from the RBI in order to maintain its fiscal deficit of 3.3 per cent of the GDP for 2018-19.

Mining giant Vedanta on Tuesday said that its board has approved the second interim dividend of Rs 19.50 per equity share for the current financial year. The total payout would amount to Rs 7,250 crore.

Riding high on strong second quarter numbers coupled with robust growth potential ahead, India Inc has made a beeline for announcing interim dividend.

CHENNAI: In taxing times, it pays to be investor friendly (read: promoter friendly). In the aftermath of the Budget, the cream of corporate India was quick to announce that their boards will consider interim dividend payouts.

NEW DELHI: State-owned oil firms will pay over Rs 2,500 crore interim dividend to the Government to help bridge its fiscal deficit arising out of shortfall in disinvestment proceeds.