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Friday is the record date for dividends by Bombay Burmah Trading Corporation (Rs 1.2 per share), LG Balakrishnan (Rs 15 per share), Jagran Prakashan (Rs 4 per share), The Yamuna Syndicate (Rs 200 per share), Baid Finserv (Re 0.1 per share), Maral Overseas (Rs 2 per share), Shiva Mills (Rs 1.2 per share) and Starteck Finance (Re 0.25 per share) among others. The stocks went ex-dividend on Wednesday.

The stock has rallied over 50 per cent so far in this quarter. Last Thursday, the stock hit a fresh all-time high of Rs 399.45. On the daily and intraday charts, the stock has formed a higher bottom series pattern which indicates a continuation of the uptrend in the near future.

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India Cements Ltd., incorporated in the year 1946, is a Small Cap company (having a market cap of Rs 6321.90 Crore) operating in Cement sector.

India Inc taps banks again as credit demand picks up

Updated at : 2022-08-19 08:35:02

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The Reserve Bank of India data showed that bank loans taken by large corporations grew 3.3% year-on-year in June, which is the highest growth since the outbreak of Covid-19. Same time last year, large corporate loans shrank by 3.4% as compared to what it was in the year back.

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Airtel has pan-India 5G airwaves in the C-band while Vi has the same in 17 circles. But due to the mix of service exclusion zones and spectrum non-availability in some locations, Airtel will have unrestricted access to its full quota of 100 units of C-band airwaves in only 14 out of the 22 circles.

Bills pending, 13 states barred from power exchanges

Updated at : 2022-08-19 08:35:02

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This is the first time the Centre has taken recourse to this route on such a broad scale to ensure payment to power producers. Earlier, such restrictions were imposed on one or two defaulting states, and were removed quickly.

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It would also be the largest deal by the Canadian pension fund - that has taken big bets in Indian toll roads, power utilities, among others - in the country till date.

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The paper argued that while private sector lenders are more efficient in profit maximisation, public sector banks (PSBs) have done much better at promoting financial inclusion, delivering farm loans and achieving monetary transmission, which are key objectives of both the government and the RBI.

"The resolution plan in respect of the corporate debtor needs to be sent back to the CoC to consider the claims made by the class of operational creditors who are before us in the present batch of interlocutory applications," said a division bench of Rajasekhar VK and Balraj Joshi in its order of June 28.

Oil edges higher on optimism for firmer crude demand

Updated at : 2022-08-19 08:35:02

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U.S. crude inventories fell sharply as the nation exported a record 5 million barrels of oil a day in the most recent week, with oil companies finding heavy demand from European nations looking to replace crude from warring Russia.

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