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The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

Indian government to seek RBI dividend boost as revenue drops

Reserve Bank of India approved a 1.76 trillion rupees (USD 24.8 billion) dividend payment to the federal government

11 Jan 2020 10:57 AM IST

Finance Minister Nirmala Sitharaman on Friday said that every single rural family will have electricity and a clean cooking facility by 2022. (Photo: ANI)

Dividend will be taxed in hands of investors: FM

The removal of DDT will lead to estimated annual revenue forgone of Rs 25,000 crore.

2 Feb 2020 5:50 AM IST

IOC and the state govt agreed to revised terms at the meeting called at the behest of Pradhan. (Photo: AP)

IOC to buy back shares for Rs 4,435 cr; pay Rs 6,556 crore dividend

The government is expected to participate in each of the share buyback programme of these PSUs.

15 Dec 2018 11:31 AM IST

The stock markets will be steered by RBI policy, macroeconomic data points and global trends this week, say experts.

Reserve Bank to pay Rs 50,000 crore dividend to govt for FY18

The RBI made a dividend payout of Rs 30,659 crore for the financial year ended June 2017.

9 Aug 2018 8:51 AM IST

Steel Authority of India Ltd

SAIL declines dividend to government, says has no cash: report

Shares of the company, which has a market value of around $4.7 billion, were down more than 2 per cent.

31 Aug 2018 4:14 PM IST

RBI had issued a notification saying that the withdrawal limit of cash from savings bank accounts will be relaxed to Rs. 50,000 from February 20

ECGC declares dividend of Rs 72.50 core, says Commerce Ministry

ECGC has posted profit before tax of Rs 407 crore in FY2016-17, an increase of 5 per cent over 2016.

10 Aug 2017 8:34 PM IST

Reserve Bank of India

RBI to pay Rs 30.6K crore dividend to government

RBI's dividend to the government is less than half of what it paid in 2016.

10 Aug 2017 8:27 PM IST

The board has fixed March 18 as record date for determining entitlement of members for the purpose of payment of dividend.

Hero MotoCorp declares interim dividend of Rs 55 per share

Shares of Hero MotoCorp closed at Rs 3299.40 apiece, down 0.65 per cent on BSE.

7 March 2017 6:16 PM IST

Countrys second-largest software firm Infosys today reported a 7 per cent growth in its consolidated net profit at Rs 3,708 crore for the October-December quarter of the current fiscal.

Infosys plans Rs 13,000 cr payout via buyback, dividend

Share buybacks typically improve earnings per share and return surplus cash to shareholders.

13 April 2017 11:20 AM IST

FMCG major Nestle India yesterday reported a decline of 8.66 per cent in its standalone net profit to Rs 167.31 crore for the quarter

Nestle India declares interim dividend of Rs 33 per share

Nestle shares settled 0.30 per cent lower at Rs 7,680.35 on BSE.

4 Dec 2017 4:29 PM IST

Infosys has become the latest major corporate to attract regulatory attention for alleged corporate governance lapses

Infosys AGM: 11,000 jobs released, Seshayee retires

Infosys, in its 36th Annual General Meeting said that more than 11,000 jobs have been released due to automation.

24 Jun 2017 5:54 PM IST

Vedanta and Cairn

Cairn tax dispute: I-T dept orders recovery of Rs 10,000 crore

Tax department will now move to take over the 9.8 per cent shareholding Cairn Energy had in Cairn India.

19 Jun 2017 12:36 PM IST