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Infosys dividend: IT major declares final dividend of ₹28 per equity share

Livemint

Livemint · 1y ago

Infosys dividend: IT major declares final dividend of ₹28 per equity share

Infosys declared its Q4 FY24 results and announced a final dividend of ₹20 per equity share and a special dividend of ₹8 per share. The company reported a net profit of ₹7,969 crore in the March quarter and revenue of ₹37,923 crore. The record date for dividend payment is May 31, 2024, and the payment will be made on July 1, 2024. Infosys' operating margin declined to 20.1% in Q4 FY24.

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Q4 Results: HDFC Bank declares dividend ₹19.50 per equity share

Livemint

Livemint · 1y ago

Q4 Results: HDFC Bank declares dividend ₹19.50 per equity share

HDFC Bank has recommended a dividend of ₹19.50 per equity share for the fiscal year ended March 31, 2024. The record date for shareholders to be eligible for the dividend is May 10, 2024. The recommendation is subject to approval at the Annual General Meeting of the bank. If approved, the dividend will be paid to shareholders whose names appear in the bank's register of members by May 10, 2024.

Narayana Murthy's 5-month-old grandson earned ₹4.2 crore after Infosys results

Livemint

Livemint · 1y ago

Narayana Murthy's 5-month-old grandson earned ₹4.2 crore after Infosys results

Infosys, India's second-largest IT company, reported a 30% increase in its net profit for the fourth quarter of FY24. They also declared a final dividend of ₹20 and a special dividend of ₹8, totaling ₹28. This resulted in Ekagrah Rohan Murthy, the grandson of Infosys founder Narayana Murthy, becoming a millionaire at the age of five. Infosys recorded a net profit of ₹7,975 crores and a revenue from operations of ₹37,923 crore for the quarter. The company experienced a reduction in headcount for the first time since 2001, with a 7.5% decrease from the previous year.

Infosys hands out salary revision letters to employees, average hike below 10%

Livemint

Livemint · 1y ago

Infosys hands out salary revision letters to employees, average hike below 10%

Infosys has provided salary revision letters to its employees, with the average pay hike below 10% and effective from November 1, 2023. Entry-level employees were excluded from the annual hikes. The company's net profit increased in the July-September quarter, and it has narrowed its revenue growth guidance for the full year. Infosys also declared an interim dividend per equity share. The operating margin for the September quarter saw a sequential rise.

Tata Motors Results 2024 Updates: Net profit rises 222%, declares dividend

Livemint

Livemint · 1y ago

Tata Motors Results 2024 Updates: Net profit rises 222%, declares dividend

Tata Motors reported a significant increase of 222% YoY in its net profit for the quarter ending March 2024, reaching ₹17,407.18 crore. The company experienced a notable surge of 13.3% in consolidated revenue, amounting to ₹1,19,986.31 crore. Tata Motors also declared a final dividend of ₹6 per share. The domestic passenger vehicle sales reached a record high of over 4.2 million units in FY24, with SUVs and emission-friendly powertrains driving the growth. The company recorded its highest-ever turnover and profits in FY24.

TCS Dividend: Board recommends final dividend of ₹28/share; check details

Livemint

Livemint · 1y ago

TCS Dividend: Board recommends final dividend of ₹28/share; check details

Tata Consultancy Services (TCS) reported its Q4 results for fiscal year 2023-24, with a 9% increase in net profit to ₹12,240 crore and a 3.5% YoY rise in revenue to ₹61,237 crore. The company also announced a recommended final dividend of ₹28 per equity share. TCS achieved an all-time high order book of $42.7 billion for the fiscal year and $13.2 billion for Q4. The CEO and Managing Director, K Krithivasan, highlighted the company's strong performance and its ability to support customers in uncertain times. TCS shares have gained 6% this year.

Vedanta board announces third interim dividend of FY25 at ₹20 per share | Mint

Livemint

Livemint · 12m ago

Vedanta board announces third interim dividend of FY25 at ₹20 per share | Mint

Vedanta Ltd's Board of Directors has approved the issuance of a third interim dividend for the financial year 2024-25. The dividend amounts to ₹20 per equity share and the total value is ₹7,821 crore. The dividend will be paid on September 10. This is the third dividend issued by Vedanta in the current financial year, with the previous dividends being ₹11 per share and ₹4 per share. Vedanta also reported a 54% rise in net profits for the April-June quarter of FY 2024-25.

TCS Q4 Results: Net profit at ₹12,434 crore, revenue at ₹61,237 crore

Livemint

Livemint · 1y ago

TCS Q4 Results: Net profit at ₹12,434 crore, revenue at ₹61,237 crore

TCS, India's largest software services exporter, has reported fourth-quarter earnings with a revenue of ₹61,237 crore and a PAT increase of 9.1% YoY to ₹12,434 crore. The company also announced a dividend of ₹28 per share. Further updates are expected.

500-2,000% dividend! These 4 stocks to trade ex-date for corporate action today; key details & targets

Business Today

Business Today · 6m ago

500-2,000% dividend! These 4 stocks to trade ex-date for corporate action today; key details & targets

Several companies have announced dividends and target price updates. Alkem Laboratories Ltd declared a dividend of Rs 37 per share, with a target price of Rs 4,527. Gulf Oil Lubricants announced a Rs 20 per share dividend, with a revised target price of Rs 1,630 by ICICI Securities. Cummins India declared an interim dividend of Rs 18 per share and a target price of Rs 4,401. PI Industries announced a Rs 6 per share dividend, targeting Rs 4,265.

Vedanta approves second interim dividend for FY25

Money Control

Money Control · 1y ago

Vedanta approves second interim dividend for FY25

Vedanta, a mining major, has approved a second interim dividend of Rs 4/share for FY25, totaling Rs 1,564 crore. This announcement comes after the company paid a total dividend of Rs 37,572 crore during FY23. The high dividend payout has been a consistent trend for Vedanta in recent years, with Rs 16,689 crore distributed in FY22 and Rs 3,519 crore in FY21. Since July 2001, Vedanta has declared 42 dividends, amounting to Rs 50 per share, including three in FY24.

At TCS AGM, AI-led disruption, automation, geopolitics in focus

Economic Times

Economic Times · 2m ago

At TCS AGM, AI-led disruption, automation, geopolitics in focus

At Tata Consultancy Services' 30th Annual General Meeting, Keki Mistry highlighted challenges such as AI-led disruptions, geopolitical tensions, and global economic reconfigurations. Tata Sons chairman N Chandrasekaran was absent due to "certain exigencies." TCS plans to leverage AI by establishing a large pool of AI agents and investing in AI data centers and partnerships. A final dividend of Rs 30 per share was recommended, totaling Rs 126 per share for the year.

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