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The Centre is budgeting a record Rs 3.2 lakh crore in dividends from the RBI and public sector banks in 2026-27, creating a strong non-tax cushion to keep the fiscal deficit in check.For 2025-26, the govt has raised the dividend estimate to Rs 3.04 lakh crore, up Rs 44,590 crore from the budgeted Rs 2.56…
IT giant TCS reported 5% year-on-year growth in revenue from operations, which rose to Rs 67,087 crore in the third quarter, up from Rs 63,973 crore in the corresponding quarter of the previous financial year.Meanwhile the company giant reported a 14% year-on-year decline in consolidated net profit to Rs 10,657 crore for the December quarter,…
MUMBAI: The Reserve Bank of India (RBI) has invited public comments on the draft “Reserve Bank of India (Prudential Norms on Dividend and Remittance of Profit) Directions, 2026”, proposing a revised framework for declaration of dividends and remittance of profits by banks.The central bank said it had undertaken a review of the existing guidelines on…
MUMBAI: RBI has issued draft rules to tighten dividend payouts by banks by linking distributions to capital adequacy, asset and profit quality, setting a uniform prudential framework effective from FY27. In the previous financial year, banks paid over Rs 75,000 crore dividend after booking record profits.Under RBI’s draft rules, dividend payments by banks will be…
In 2024-25, dividend earnings touched an all-time high of Rs 74,129 crore, far surpassing the budget estimate of Rs 56,260 crore. (AI image) Budget 2026: Dividend inflows to the exchequer from non-financial central public sector enterprises and firms in which the government holds minority stakes are expected to surpass the budgeted estimate for the fifth…
US President Donald Trump on Wednesday (local time) announced a one-time $1,776 “warrior dividend” for American military troops for Christmas, indicating that tariffs were funding the payments.Flanked by two Christmas trees and a portrait of George Washington, Trump speaking at the White House said that around 1.45 million service members would receive the payment, with…
US President Donald Trump has again put his tariff-linked cash payout on the table, saying that Americans would receive money directly sourced from tariff revenues.Posting on his Truth Social platform on Sunday, Trump announced a dividend of $2000 per person. He also criticised those opposing the plan, calling them “FOOLS!”Trump argued that tariff collections are…
Strong RBI dividend to help stabilise finances The recent rationalisation of Goods and Services Tax (GST) rates is likely to create a net revenue loss of around 0.1 per cent of GDP in the current financial year. However, this shortfall may be compensated by the higher dividend payout from the Reserve Bank of India (RBI),…
Dividend cheque was presented to Union health minister JP Nadda by Dr Anitha Thampi, chairperson of HLL, in the presence of minister of state Anupriya Patel and health secretary Punya Salila Srivastava. Mini-Ratna CPSE HLL Lifecare Limited has paid a record dividend of Rs 69.53 crore to the Government of India for the financial year…
US President Donald Trump on Thursday said that he is considering giving Americans up to $2,000 in rebates from revenues generated by his tariff policies, calling the payments a “dividend to the people of America.”“They’re just starting to kick in,” Trump said in an interview with One America News Network, referring to the tariffs imposed…
