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<keyword id="19923397" type="General" weightage="20" keywordseo="ONGC" source="keywords">ONGC</keyword> declared the highest-ever standalone net <keyword id="19933742" type="General" weightage="20" keywordseo="profit" source="keywords">profit</keyword> of Rs 40,526 crore in FY24, the company informed the exchange in a filing. The consolidated net profit of the company is also highest at Rs 57,101 crore in FY24. The <keyword id="21739636" type="General" weightage="20" keywordseo="crude-oil-production" source="keywords">crude oil production</keyword> of the company has surged by 2.4 per cent quarterly to 5.359 MMT in Q4 FY24. However, the standalone gross revenue of the company declined 11 per cent YoY to Rs 1,38,402 crore in FY24 from Rs 1,55,517 crore in FY23. The standalone profit has surged yearly by 1.1 per cent to Rs 40,526 crore in FY24. The company also announced a total <keyword id="20047030" type="General" weightage="20" keywordseo="dividend" source="keywords">dividend</keyword> of Rs 12.25 per share with a total payout of Rs 15,411 crore. This includes an interim dividend of Rs 9.75 per share which is already paid during the year and a final dividend of Rs 2.50 per share recommended by the Board. The Crude Oil production of the company in Q4 FY'24 saw an increase of 2.4 per cent over Q4 FY'23 whereas <keyword id="20646431" type="General" weightage="20" keywordseo="gas-production" source="keywords">gas production</keyword> decreased by 3 per cent. The company informed that it drilled 541 wells, the highest recorded in the past 34 years, comprising 103 exploratory and 438 development wells. ONGC invested around Rs 37,000 crore in <keyword id="20018917" type="General" weightage="20" keywordseo="capital-expenditure" source="keywords">capital expenditure</keyword> in FY24, compared to Rs 30,208 crore spent in the previous year. ONGC has also declared 11 discoveries (6 in on land, 5 in offshore) during FY 2023-24 in its operated acreages. Out of these, 6 are prospects (1 in on land, 5 in offshore) and 5 are new pool (on land) discoveries. The shares of ONGC gained more than 46 per cent in the last six months on the national stock exchange and were trading at Rs 280 at the time of filing this report. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/go-digit-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/110276113.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/go-digit-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/110276113.cms" target="_blank">Go Digit IPO allotment – How to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/sports/webstories/kolkata-knight-riders-vs-sunrisers-hyderabad-head-to-head-record-match-timings-and-more/slidelist/110274500.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/kolkata-knight-riders-vs-sunrisers-hyderabad-head-to-head-record-match-timings-and-more/slidelist/110274500.cms" target="_blank">Kolkata Knight Riders vs Sunrisers Hyderabad – head-to-head record, match timings and more</a><a href="https://www.businessinsider.in/tech/mobile/webstories/motorola-edge-50-fusion-vs-oneplus-nord-ce-4-price-specs-and-features-compared/slidelist/110197390.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/motorola-edge-50-fusion-vs-oneplus-nord-ce-4-price-specs-and-features-compared/slidelist/110197390.cms" target="_blank">Motorola Edge 50 Fusion vs OnePlus Nord CE 4 – price, specs and features compared</a>

ONGC declares highest ever standalone profit in FY24

FMCG major <keyword id="6356830" type="General" weightage="100" keywordseo="nestle-india" source="Orion">Nestle India</keyword> on Wednesday declared an interim dividend of Rs 27 for 2023 for the entire issued share capital. The board of the company in a meeting held on Wednesday approved "an interim dividend of Rs 27 per equity share of Rs 10 each for the year 2023 on the entire issued, subscribed and paid-up share capital of the company of 9,64,15,716 equity shares of the nominal value of Rs 10 each," the company said in a regulatory filing. <keyword id="75190" type="General" weightage="20" keywordseo="Nestle" source="Orion">Nestle</keyword> India which follows the January-December calendar year as financial year said, the interim dividend for 2023 will be paid on and from May 8, 2023, along with the final dividend for the year 2022, if approved by the members at the 64th <keyword id="50158" type="General" weightage="20" keywordseo="annual-general-meeting" source="Orion">Annual General Meeting</keyword> scheduled to be held on April 12, 2023. It has fixed April 21, 2023, as the record date to determine the eligibility of shareholders for the payment of said interim dividend. Nestle India is going to declare its results for the March quarter on April 25, 2023. On October 31, 2022, Nestle India declared a second interim dividend of Rs 120 and a final dividend of Rs 65 on Apr 21, 2022. Shares of Nestle India were trading at Rs 19,401.40 on <keyword id="35140" type="General" weightage="50" keywordseo="bse" source="Orion">BSE</keyword> in the afternoon, down 1.38 per cent from the previous close. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/these-people-are-being-followed-by-elon-musk-on-twitter/slidelist/99433040.cms">Narendra Modi to ex-partner Grimes: These are people Elon Musk follows on Twitter</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/policy/news/more-insurers-capital-distributors-and-healthy-competition-required-to-make-insurance-for-all-by-2047/articleshow/99431110.cms">More insurers, capital, distributors and healthy competition required to make insurance for all by 2047</a>

Nestle India declares interim dividend of 27 for 2023

New Delhi, Vedanta Ltd on Tuesday said its board has approved an interim dividend of Rs 7,621 crore for the current financial year. The company has fixed April 7 as record date for the purpose of dividend payment. "The Board of Directors at a meeting held on Tuesday, March 28, 2023 approved the fifth interim dividend of Rs 20.50 per equity share... on face value of Rs 1/per share for the financial year 2022-23 amounting to Rs 7,621 crore," according to a regulatory filing. The board also accepted the resignation of <keyword id="256693" type="General" weightage="80" keywordseo="ajay-goel" source="Orion">Ajay Goel</keyword> from the post of Acting Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective from the close of business hours on April 9. Details about his successor will be announced in due course, the filing said.

Vedanta board approves Rs 7,621 crore interim dividend for FY23; CFO resigns

<keyword id="28423" type="General" weightage="50" keywordseo="vedanta" source="Orion">Vedanta</keyword> group firm <keyword id="332980" type="General" weightage="50" keywordseo="hindustan-zinc-ltd" source="Orion">Hindustan Zinc Ltd</keyword> on Wednesday said its board has approved a second interim <keyword id="56600" type="General" weightage="20" keywordseo="dividend" source="Orion">dividend</keyword> of Rs 6 per equity share for FY24, amounting to Rs 2,535.19 crore. "The board of directors of the company through resolution passed by circulation on Wednesday, December 6, 2023 have approved 2nd interim dividend of Rs 6 per equity share i.e. 300 per cent on face value of Rs 2 per share for the Financial Year 2023-24 amounting to Rs 2,535.19 crores," the company said in a stock exchange filing. The interim dividend will be paid within stipulated timelines, it said. The company had announced its first interim dividend of Rs 7 per share in July this year. <keyword id="720166" type="General" weightage="50" keywordseo="billionaire-anil-agarwal" source="Orion">Billionaire Anil Agarwal</keyword> is considering a major restructuring of his profitable zinc unit <keyword id="115997" type="General" weightage="100" keywordseo="hindustan-zinc" source="Orion">Hindustan Zinc</keyword> Ltd to help the Vedanta group reduce its debt. Hindustan Zinc Ltd had earlier said that it could create separate legal entities for its zinc and lead, silver, and recycling businesses to help capitalise on "distinct market positions" and attract investors. A committee of directors will evaluate the options and advise the board, along with external advisers. Hindustan Zinc is world's second largest integrated zinc producer and fifth largest silver producer. The company holds about 80 per cent of the growing zinc market in the country, having its headquarters at <keyword id="42774" type="General" weightage="50" keywordseo="udaipur" source="Orion">Udaipur</keyword> and zinc, lead mines and smelting complexes spread across Rajasthan. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/oneplus-announced-new-flagship-smartphone-oneplus-12-with-up-to-24gb-ram/articleshow/105756057.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-announced-new-flagship-smartphone-oneplus-12-with-up-to-24gb-ram/articleshow/105756057.cms" target="_blank">OnePlus 12 debuts with bigger battery, up to 24GB RAM and more</a><a href="https://www.businessinsider.in/sports/webstories/indias-tour-of-south-africa-squads-schedule-where-to-watch-and-more/slidelist/105755174.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/indias-tour-of-south-africa-squads-schedule-where-to-watch-and-more/slidelist/105755174.cms" target="_blank">India’s tour of South Africa – Squads, schedule, where to watch and more</a> <a href="https://www.businessinsider.in/india/news/noida-woman-scammed-11-lakh-in-digital-arrest-scam-everything-you-need-to-know/articleshow/105727970.cms">Noida woman scammed ₹11 lakh in digital arrest scam – everything you need to know</a>

Hindustan Zinc board approves dividend of Rs 2,535.19 crore

<ul><li>The company said that the total payout of the interim dividend is ₹10.86 crore.</li><li><keyword id="5030468" type="General" weightage="20" keywordseo="easemytrip" source="Orion">EaseMyTrip</keyword> has announced its first dividend in April 2021 almost a month after its listing.</li><li> The company reported over 330% year-on-year increase in its consolidated net profit in Q2 of 2021.</li></ul>Travel ticketing platform Easy Trip Planner — which goes by the name EaseMyTrip — has declared an interim dividend of 50% or ₹1 per equity share of the face value of ₹2 for the fiscal year 2022 that ends in March next year. The company said that the total payout of the interim dividend is ₹10.86 crore. The said dividend on equity shares will be credited to the members as per the records of the depositories as beneficial owners of the equity shares, as on November 22. The interim dividend will be paid on or before December 10, 2021. EaseMyTrip has announced its first dividend in April 2021 almost a month after its listing on the stock exchange. The latest development comes soon after EaseMyTrip announced its financial result for July to September quarter of 2021. The company reported over 330% year-on-year increase in its consolidated net profit. Its revenue also grew another 164% year-on-year to ₹59.7 crore in the July-September quarter. <div type="image" title="EaseMyTrip announces interim dividend of 50% after stellar profit growth" msid="87648383" hostid="261"></div> The financial statement also highlighted that EaseMyTrip witnessed a 2.5 times higher air bookings and 11 times higher hotel nights booking compared to previous quarter. The gross booking revenue (GBR) stood at ₹895.1 crore in the June to September quarter. “EaseMyTrip has a uniquely sustainable and profitable model and our results have consistently demonstrated this all the time. Even in this fiscal, we witnessed phenomenal growth across all segments in the H1FY22 [first half of financial year 2022]. It also reflects a strong recovery of India's travel sector, which was severely impacted by the pandemic,” Nishant Pitti, chief executive and cofounder of EaseMyTrip, said. The company offers access to more than 400 international and domestic airlines, over one million hotels as well as train/bus tickets and taxi rentals across India. EaseMyTrip was founded in 2008 and claims to have more than 11 million customers. It also has offices across India and international markets like Philippines, Singapore, Thailand, the UAE, the UK, and the USA. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/zomatos-investment-turns-curefit-into-indias-36th-unicorn-of-2021/articleshow/87640767.cms" data-type="tilCustomLink" style="">Cult.fit’s parent company Curefit is the 36th unicorn in town</a> <a href="https://www.businessinsider.in/business/corporates/news/zomato-has-closed-all-international-operations-in-uk-us-singapore-and-lebanon/articleshow/87639773.cms" data-type="tilCustomLink" style="">Zomato has officially pulled out of all international markets</a> <a href="https://www.businessinsider.in/business/corporates/news/nykaa-is-now-bigger-than-coal-india-britannia-irctc-and-almost-double-of-hero-motocorp/articleshow/87635312.cms" data-type="tilCustomLink" style="">Nykaa is now bigger than Coal India, Britannia, IRCTC and almost double of Hero MotoCorp</a>

EaseMyTrip announces interim dividend of 50% after stellar profit growth

<ul><li>The insurance technology firm Majesco Limited approved payment of an interim dividend of ₹974 per equity share for the financial year 2020-21.</li><li>Post the announcement; the stock jumped in trade after more than doubling in value in the last 12 months. </li><li>In the second quarter ending September 30, the company recorded 113.9% growth in its operating profit to ₹30 crore.</li></ul>The insurance technology firm Majesco Limited announced that its board at a meeting on December 15 approved payment of an interim dividend of ₹974 per equity share for the financial year 2020-21. Based on the ruling market price, the dividend yield works out to 19480% for the share of the face value of ₹5 each. The company, which sells software, consulting and services to the insurance industry, said the interim dividend payout translates to an amount of ₹2,788.4 crore on a shareholder base of 28.577 million shares. “The balance cash reserves estimated at ₹103 crore will be distributed subject to board and regulatory approvals,” the company said in a statement to the exchanges. Not surprisingly, the stock jumped in trade after more than doubling in value in the last 12 months. <div type="image" title="Majesco" msid="79733269" hostid="261"></div> The last 16% of the rally came after the company announced a ₹630 crore share buyback⁠— about 25% of the shares floating in the market at a price of ₹845⁠— in October this year. However, the bigger chunk of the spike in the stock came in July when it decided to sell its US subsidiary to another company in Delaware. The stake sale got Majesco over ₹3,000 crore in the second quarter helping the company to double its operating profit to ₹30 crore. Analysts at HDFC Securities have given a buy rating to Majesco with a target price of ₹1,050. SEE ALSO:<a href="https://www.businessinsider.in/business/corporates/news/interview-home-recipes-that-are-set-for-a-7-million-ipo-mrs-bectors-food-is-no-cookie-cutter/articleshow/79721783.cms" data-type="tilCustomLink"> INTERVIEW: Home recipes that are set for a $73 million IPO⁠— Mrs Bector’s Food is no cookie cutter</a> <a href="https://www.businessinsider.in/tech/apps/news/gmail-youtube-google-docs-crash-for-users-across-the-world/articleshow/79720225.cms" data-type="tilCustomLink">YouTube, Gmail, Google Meet, Google Docs and Play Store restored for some users as others still face outage</a>

Majesco, a tech service provider for insurance cos in India, just declared nearly 20,000% in dividend

New Delhi, Mar 16 () State-owned Oil and Natural Gas Corp (<keyword id="6354737" type="CITY" weightage="20" keywordseo="ONGC">ONGC</keyword>) on Monday declared an interim dividend of Rs 5 per share, giving the government Rs 3,950 crore.In a regulatory filing, ONGC said its board of directors met on Monday and "declared an interim dividend of Rs 5 per equity share of Rs 5 each." The government, which owns 62.78 per cent stake in ONGC, will get Rs 3,949 crore in dividend and taxes. ONGC shares ended 8.73 per cent down to close at Rs 60.15 apiece on the BSE. ANZ ANUANU

ONGC declares Rs 5 interim dividend, govt to get Rs 3,950 cr

New Delhi, Mar 13 () Engineering firm Thermax on Friday announced an interim dividend of Rs 7 per equity share of face value of Rs 2 each for 2019-20. "The Board of Directors at their meeting held today i.e. March 13, 2020 have approved payment of interim dividend of Rs 7 per equity share of face value Rs 2 each (350 per cent), for the financial year 2019-20," a BSE filing said. According to statement, the dividend will be paid to those members whose names appear in the Register of Members on March 23, 2020. KKS MR

Thermax announces 350pc interim dividend for 2019-20

New Delhi, Mar 10 () Tata Consultancy Services (TCS) on Tuesday said its aboard has approved payment of an interim dividend of Rs 12 per share for the financial year 2019-20. The company in a regulatory filing said that "the interim dividend shall be paid on Tuesday, March 24, 2020, to the equity shareholders of the company" existing as on March 20, which is the record date fixed for the purpose. The company's board of directors met on Tuesday and "have declared an interim dividend of Rs 12 per equity share of Re 1 each of the company", it said. ANZ HRS

TCS declares Rs 12 a share interim dividend

New Delhi, Mar 10 () TVS Motor Company on Tuesday said its board has approved payment of a second interim dividend of Rs 1.40 per share. The interim dividend declared will be paid on or after March 20 to the shareholders who hold shares at the close of working hours on March 18, the Chennai-based two-wheeler maker said in a regulatory filing. "At the meeting of the board of directors of the company held today (Tuesday), the board declared a second interim dividend for the financial year ending March 31, 2020, at the rate of Rs 1.40 per share (140 per cent) on 47,50,87,114 equity shares of Re 1 each fully paid up, absorbing a sum of Rs 80 crore, including dividend distribution tax," it said. Last month, it declared a dividend of Rs 2.1 per share. ANZ HRS

TVS Motor Company declares 2nd interim dividend

New Delhi, Mar 4 () State-owned hydropower giant NHPC on Wednesday said it has paid Rs 840.96 crore as an interim dividend to the Centre for the financial year 2019-20. NHPC had paid an interim dividend of Rs 526.53 crore to the Government of India for the financial year 2018-19, the company said in a statement. "NHPC paid an interim dividend of Rs 840.96 crore to the Government of India for the financial year 2019-20 on March 3, 2020," it said. The company added that the dividend payout bank advice was presented to Power and New &amp; Renewable Energy Minister R K Singh by NHPC CMD A K Singh on Wednesday, in the presence of Power Secretary Sanjiv Nandan Sahai and Power Joint Secretary (Hydro) Aniruddha Kumar. The firm's board of directors in its meeting held on February 7 had declared an interim dividend for the financial year 2019-20 at the rate of Rs 1.18 per equity share, which is 11.80 per cent of the face value. The company further said that currently, it has about 7 lakh shareholders. ABI HRS

NHPC pays to govt Rs 841 cr as interim dividend

New Delhi, Mar 12 () State-run Power Finance Corporation (PFC) on Thursday paid an interim dividend of Rs 1,404.37 crore to the Government of India for 2019-20. "Rajeev Sharma, CMD, PFC presented bank advice of an interim dividend of Rs 1,404.37 crore to R K Singh, Power and New &amp; Renewable Energy Minister on March 12, 2020," a PFC statement said. KKS MRMR

PFC pays Rs 1,404 cr interim dividend to govt

New Delhi, Jan 19 () The issue of interim dividend may come up for discussion in the next Reserve Bank board meeting as the government struggles to meet its ambitious fiscal deficit target of 3.3 per cent amid revenue shortfall, sources said.
 Government finances have come under pressure due to moderation in revenue collection and a slew of measures taken to lift growth from over six-year-low of 4.5 per cent in the second quarter of the current fiscal.
 As per the government's estimate, the country's GDP growth is seen dipping to an 11-year low of 5 per cent in the current fiscal as compared to 6.8 per cent in 2018-19.
 There would be at least one board meeting of RBI before this fiscal comes to an end, the issue of interim dividend could be raised by government nominee directors in the meeting, sources said.
 However, the board meeting would be preceded by Finance Minister Nirmala Sitharaman customary address to the central board of RBI to explain vision of the Budget to be presented on February 1. This traditional exercise takes places a few days after the Budget presentation every year.
 According to sources, it has been an exceptional year during which several extra-ordinary measures including slashing corporate tax rate outside Budget were announced putting government finances under stress.
 If the RBI board agrees to interim dividend based on their six-month performance, it would provide some financial relief to the government, sources added.
 Reserve Bank of India (RBI) follows July to June financial year.
 The RBI largely earns profits through its trading of currencies and government bonds. Part of these earnings are set aside by the RBI for its operational and contingency needs while the rest is transferred to the government in the form of dividend. 
 In the past, the government has taken the route of seeking interim dividend from the RBI to balance its account. Last fiscal, the RBI paid Rs 28,000 crore as interim dividend. During 2017-18, the government received Rs 10,000 crore as interim dividend from the central bank.
 Last year in August, Governor Shaktikanta Das-led RBI central board gave its nod for transferring to the government a sum of Rs 1,76,051 crore, comprising Rs 1,23,414 crore of surplus for the year 2018-19 and Rs 52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF).
 Out of the net income of Rs 1,23,414 crore for the year 2018-19, the RBI had already transferred Rs 28,000 crore to the government as interim dividend in March 2019.
 The government got a higher dividend of Rs 95,414 crore during the current fiscal as against the budgetary estimate of Rs 90,000 crore.
 In the July Budget, Sitharaman lowered the fiscal deficit target to 3.3 per cent of the GDP for 2019-20 as compared to 3.4 per cent projected in the interim Budget in February.
 The Budget 2019-20 pegged gross borrowing at Rs 7.10 lakh crore for the current fiscal, significantly higher than the Rs 5.35 lakh crore borrowing programme for financial year 2018-19. DP PRS MR
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