Hindustan Zinc (HZL), a subsidiary of Vedanta, announced an interim dividend of Rs 21 per share last week, resulting in an outflow of Rs 8,863 crore. The announcement has turned the spotlight on India Inc's dividend-paying policy - more so for reasons driving the generosity of firms. An analysis of BSE 500 companies by Business Standard Research Bureau shows that some of the top 20 dividend-paying companies in 2021-22 (FY22) include Vedanta, Tata Consultancy Services, HZL, Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation (IndianOil), Hindustan Unilever (HUL), Reliance Industries (RIL), and Bajaj Auto, among others.
After three consecutive years of infusing huge funds, foreign portfolio investors retreated from the Indian equity markets in a big way in 2022 with the highest-ever yearly net outflow of nearly Rs 1.21 lakh crore. The huge outflow, which surpasses by a big margin the previous record of Rs 53,000 crore net withdrawal in 2008, came amid aggressive rate hikes by central banks globally but 2023 is expected to be better on positivity about overall macroeconomic trends in India, experts said. Apart from global monetary tightening, volatile crude, rising commodity prices along with Russia and Ukraine conflict led to an exodus of foreign money in 2022.
French and American scientists win Nobel Physics Prize
The G4's features surely surpass the specifications of iPhone 6 at times but Shruti Puri wonders if it will be able to deliver a better experience...
Edtech major Byju's has raised over Rs 363 crore (about USD 50 million) in funding from Maitri Edtech and IIFL's private equity fund, according to regulatory documents. Over the past few months, Byju's has raised funding from a slew of investors that has placed the edtech major among the most-valued start-ups in the country. Byju's is estimated to have raised about $2.3 billion in funding so far with valuation touching $6.5 billion.
'We are targeting the 5G tender around January-March 2023.'
If bank and service provider are not compliant, pay manually, or give standing instruction linked to bank a/c, suggests Bindisha Sarang.
In his speech during the Army day parade, he also said that there has been 44 per cent increase in ceasefire violations that reflects Pakistan's sinister design.
'The good news is the technology industry is creating a space for you somewhere else.'
Clients are seen realigning their tech strategy by moving works from own captives to third-party service providers which is mostly benefiting to large companies such as Infosys, TCS, Wipro or HCL Technologies.
The Budget emphasises on capacity building and empowerment of marginalised sections of society including farmers.
His advice was to always start with small positions because we are bound to make mistakes; and remain humble because the markets can be merciless, remembers Debashis Basu.
Future conflict will involve bypassing of frontiers to strike at critical vulnerabilities directly and in the hinterland at the appropriate time, explains Lieutenant General Anil Chait (retd), who served as chief of the Integrated Defence Staff and Central Army Commander.
The Lakhimpur Kheri violence, in which four farmers were killed, is "absolutely condemnable," Finance Minister Nirmala Sitharaman has said, emphasising that there are issues of such nature happening in other parts of India equally which should be raised "when they happen and not when it suits others" because there is a Bharatiya Janata Party government in Uttar Pradesh.
The festive season, which usually starts from September, is when 35 per cent annual sales get transacted for most durables firms.
Ashish Narsale/Rediff.com takes a look at OnePlus's latest offering.
10 high dividend paying stocks across sectors that are expected to maintain or even increase their pay-outs in FY23 thanks to faster earnings growth in the last four quarters.
While Covishield supplies would meet the target of 500 mn doses between August and December, it looks like Covaxin would miss the target of 400 mn unless the partner sites of Bharat Biotech ramp up very rapidly, reports Sohini Das.
Unanimously confirmed by the Senate last week, Panchanathan, 58, from the Arizona State University, replaces White House Office of Science and Technology Policy (OSTP) Director Dr Kelvin Droegemeier who served as Acting Director of the National Science Foundation (NSF).
The production of Covaxin will increase from the current 10 million doses per month to 60 million-70 million by July-August.
Three-quarters into the 10 years that Mr Modi had sought for transforming India, the 'output' numbers look impressive, but the key 'outcome' numbers don't show up much, if at all, observes T N Ninan.
The country's largest software services firm Tata Consultancy Services on Monday opened the fourth-quarter earnings season with a stellar set of numbers, crossing the Rs 50,000 crore revenue mark for the first time and earning a net income of Rs 9,926 crore, registering a growth of 7.4 per cent year-on-year. The company said its revenue jumped 15.8 per cent to Rs 50,591 crore in the reporting quarter on an annualised basis. Many analysts were expecting the Tata group flagship to report over Rs 10,000 crore of net income and revenue to cross the Rs 50,000 crore mark this quarter.
The company at present provides monthly mobile services at starting price of Rs 24 without data, and plans with data service starts from Rs 33 onward. It did not disclose the quantum of hike.
'At this moment, investors should look for relative value within sectors and clear visibility (third-wave-or-not) on earnings delivery.'
While Infosys said it would give an average rise of eight per cent to its employees in India, Wipro has announced an increment of six-eight per cent.
'Large-caps are better placed to withstand the impact of higher input cost inflation, rising rates and withdrawal of excess global liquidity.'
"Our patience is a sign of our self-confidence, but no one should make the mistake of testing it," Gen Naravane said.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
In 2017, when Infosys announced that Salil Parekh would be its next chief executive officer (CEO) and managing director (MD), very few in the industry or the analyst community doubted his ability to bring the company back to a healthy growth trajectory, improve morale within the company and, more importantly, win the promoters' trust and investor confidence. There were reasons for this confidence. He was not only the deputy CEO of the Paris-headquartered IT services major Capgemini, but also one of the only non-European faces on the executive board of the company.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
'If India has to emerge as the world's laboratory and a global innovation hub, the minds of our youngsters must get an opportunity to flourish.'
'The leadership values I learnt while playing cricket in India helped me compete vigorously in the face of uncertainty -- putting the team first and bringing out the best in everybody.'
Be brave to fail, learn, and lead, advises Abhilash R, founder and CEO, Bloombloom Dreambiz (P) Ltd and B-HUB Lifespaces.
'Whoever owns the best chip industry will be the Saudi Arabia of the era of data,' predicts Rajeev Srinivasan.
In a 'quantum' leap in physics, CERN scientists on Wednesday claimed to have spotted a sub-atomic particle 'consistent' with the Higgs boson or 'God particle', believed to be a crucial building block that led to the formation of the universe.
Google, which is working on projects including self-driving cars and robots, has become increasingly focused on artificial intelligence in recent years.
Not just in the IT sector, Capgemini is probably the only company, in India, which has offered salary increments.
Scientists have made tiny crystal which they claim will take quantum computing to the next level, creating one of the world's most powerful computers ever developed.
The researchers have developed a new form of light-emitting crystals, known as quantum dots, which can be used to produce ultra-thin television sets, the Sydney Morning Herald reported.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
