Wendt India has informed the Indian stock exchanges that, the Board of directors ofWendt India, at their meeting held on April 24, 2007 have recommended a dividend of 175%, which works out to Rs.17.50 per equity share of face value Rs.10 each. The dividend is subject to statutory approval by the shareholders of Wendt India at the ensuing AGM.
Nicholas Piramal today reported Q4 FY2007 results. Nicholas Piramal reported a consolidated revenues of Rs. 6.4 billion, up 51.7% sequentially compared to the same quarter in the previous financial year. Nicholas Piramal’s Operating Profit during the period was up 137.9% to Rs. 848.9 million and the  Net Profit was up 262.2% to Rs. 549.5 million.
Nicholas Piramal India Limited has informed the Indian stock exchanges that, the Board of directors of Nicholas Piramal, at their meeting held on April 24, 2007 have recommended a dividend of 25%, which works out to Rs. 0.50 per equity share of face value Rs.2 each. The dividend is subject to statutory approval by the shareholders of Nicholas Piramal at the ensuing AGM on the 14th of June 2007. The register of members and shares transfer books of Nicholas Piramal shall remain closed from June 04 2007 to June 14 2007for the purpose of deciding the shareholders of Nicholas Piramal Ltd. who are entitled to receive the final dividend.
Reliance Energy Limited has informed the Indian stock exchanges that, the Board of directors of Reliance Energy, at their meeting held on April 24, 2007 have recommended a dividend of 53%, which works out to Rs.5.30 per equity share of face value Rs.10 each. The dividend is subject to statutory approval by the shareholders of Reliance Energy at the ensuing AGM.
3i Infotech Limited has informed the Indian stock Exchanges that the Board of directors of 3i Infotech Limited, at the meeting held on April 25, 2007, approved the followingÂÂ
1) Recommendation of dividend of Rs.2 per share
2) Increase of Authorised Equity Capital from Rs.1,500 million to Rs.3,000 million
3) Issue of Bonus shares in the ratio of 1:1
4) Employees Stock Option Scheme (ESOP’s)
These proposals are subject to statutory approval by the shareholders of 3i Infotech Limited in the ensuing AGM.
Banking major, HDFC Bank announced its quaterly results for the quarter ended March 2007. HDFC Bank posted a net profit of Rs. 343.6 crores in the quarter ended March 2007, up 30.5% compared with Rs. 263.2 crores for the same quarter in the previous fiscal (ie.) quarter ended March 2006. Total Income of HDFC Bank increased to Rs. 2384.2 crores in the quarter ended March 2007 as against Rs. 1682.6 crores in the same quarter in the previous fiscal (ie.) quarter ended March 2006.
The Board of directors of HDFC Bank have recommended a dividend of Rs. 7 per share. The dividend is subject to statutory approval by the shareholders of HDFC Bank in the ensuing AGM.
Maruti Udyog Limited (MUL)has posted a net profit of Rs. 448.56 crore for Q4 2007 quarter ended March 2007 compared to Rs. 360.92 crores for the Q4 2006 quarter ended March 2006. Total income of Maruti Udyog Limited (MUL) has increased to Rs. 4634.74 crores for Q4 2007 quarter ended March 2007 compared to Rs 3392.27 crore for the Q4 2006 quarter ended March 2006.
For the financial year FY2007 ended March 2007, Maruti Udyog Limited (MUL) has posted a net profit of Rs. 1561.98 crores compared to Rs 1189.05 crore for the financial year FY2006 ended March 2006. For the financial year FY2007 ended March 2007 total income of Maruti Udyog Limited (MUL)rose to Rs. 15252.30 crores compared to Rs. 12481.43 crores for the financial year FY2006 ended March 2006.
Maruti Udyog Limited (MUL) dividend
Maruti Udyog Limited (MUL) has informed the Indian stock exchanges that, the Board of directors of Maruti Udyog, at their meeting held on April 24, 2007 have recommended a dividend of 90%, which works out to Rs.4.50 per equity share of face value Rs.5 each. The dividend is subject to statutory approval by the shareholders of Maruti Udyog at the ensuing AGM.
The shares of Maruti Udyog Limited (MUL) advanced by 4.35% to Rs. 800 following the announcement of excellent results and dividend.
Kale Consultants Limited has informed the Indian stock exchanges that, the Board of directors of Kale Consultants, at their meeting held on April 24, 2007 have recommended a dividend of 12.5%, which works out to Rs.1.25 per equity share of face value Rs.10 each. The dividend is subject to statutory approval by the shareholders of Kale Consultants at the ensuing AGM. Earlier in the day, Kale Consultants announced its q4 2007 results. Total Revenue of Kale Consultants was up 33% in Q4 2007.
Premier Limited has informed the Indian stock exchanges that, the Board of directors of Premier Limited, at their meeting held on April 24, 2007 have recommended a dividend of 20%, which works out to Rs.2 per equity share of face value Rs.10 each. The dividend is subject to statutory approval by the shareholders of Premier Limited at the ensuing AGM.
Titan Industries Limited has informed the Indian stock exchanges that, the Board of directors of Titan Industries, at their meeting held on April 21, 2007 have recommended a dividend of 50%, which works out to Rs.5 per equity share of face value Rs.10 each. The dividend is subject to statutory approval by the shareholders of Titan Industries at the ensuing AGM. The Titan Industries stock was down by 5.73% today at Rs. 952.85 at the closing bell.
Bank of India has informed the Indian stock exchanges that, the Board of directors of Bank of India, at their meeting held on April 23, 2007 have recommended a final dividend of 15%, which works out to Rs.1.50 per equity share of face value Rs.10 each. The dividend is subject to statutory approval by the shareholders of Bank of India at the ensuing AGM. The Bank of India stock was down by 2.26% today at Rs. 183.75 at the closing bell.
South Indian Bank has informed the Indian stock exchanges that, the Board of directors of South Indian Bank, at their meeting held on April 23, 2007 have recommended a dividend of 25%, which works out to Rs.2.50 per equity share of face value Rs.10 each. The dividend is subject to statutory approval by the shareholders of South Indian Bank at the ensuing AGM. The South Indian Bank stock was down by 1.67% today at Rs. 94 at the closing bell.
Indian Bank has reported a net profit of Rs 235 crore in Q4 2007. Indian Bank has informed the Indian stock Exchanges that the Board of Indian Bank at the meeting held on April 23, 2007, has recommended a dividend of 20% and a special dividend of 10% on the Equity Shares of face value Rs.10 each. The special dividend was announced to mark Indian Bank’s Centenary Year Celebrations for the year 2006-07.
Reliance Capital Limited, part of the multi billion dollar Anil Dhirubhai Ambani group has informed the Indian stock exchanges that, the Board of directors of Reliance Capital, at their meeting held on April 23, 2007 have recommended a dividend of 35%, which works out to Rs.3.50 per equity share of face value Rs.10 each. The dividend is subject to statutory approval by the shareholders of Reliance Capital at the ensuing AGM.
Reliance Capital also came out with its FY07 results today. Reliance Capital reported a consolidated income of Rs. 2158 Crores for the financial year ended march 2007. This is an increase of 128% on a sequential year on year basis. The Reliance Capital stock was marginally down by 0.63% today at Rs. 715.25 at the closing bell.
Kirloskar Brothers Limited has informed the Indian stock exchanges that, the Board of directors of Kirloskar Brothers, at their meeting held on April 20, 2007 have recommended a dividend of 100%, which works out to Rs.2 per equity share of face value Rs.2 each. The dividend is subject to statutory approval by the shareholders of Kirloskar Brothers at the ensuing AGM. The Kirloskar Brothers stock closed marginally down today on the Indian stock markets.
Wipro Ltd has informed the Indian stock exchanges that, the Board of directors of Wipro, at their meeting held on April 20, 2007 have recommended a dividend of 50%, which works out to Rs.1 per equity share of face value Rs.2 each. The dividend is subject to statutory approval by the shareholders of Wipro at the ensuing AGM. The Wipro stock closed marginally down today.