LIC net surges over 6-fold in Q4; declares Rs 3 dividend
The company had reported profit of ₹2,371 crore in the corresponding quarter in the previous year. The board has proposed a dividend of ₹3 per equity share (face value ₹10 each) for the FY 2022-23, resulting in dividend payout of ₹1,897 crore.
Dish TV’s minority shareholders reach out to MCA on EGM delay
The association, which represents 77 domestic and foreign institutional investors who collectively own 10.15% of the DTH company, had on May 15 written to the Dish TV board to convene an EGM within the stipulated 21 days. It also called upon the ministry to initiate “stringent” measures against Dish TV directors for their multiple alleged […]
Fed agreed need for more rate hikes after May meeting was ‘less certain’
Others cautioned the US central bank needed to keep its options open given the risks of persistent inflation, which is still running at more than two times the Fed’s 2% target.