ABB India Ltd. has declared a bumper special dividend of Rs 90 per share with face value of Rs 2 each, after posting a modest uptick in its net profit for the second quarter of the calendar year 2026. "This is to inform you that the Board of Directors of the Company at its Meeting held on July 31, 2026, declared a special dividend of Rs.90/- per share (Rupees Ninety only) i.e.(4500%) on 21,19,08,375 equity shares of face value of Rs.2/- each fully paid up for the financial year 2026," the company stated in an exchange filing. Further, ABB India has set Friday, August 7, 2026 as the record date to determine the eligible shareholders for the dividend payout. The dividend will be paid to the eligible shareholders on or before August 29, 2026, the company informed. ABB India reported a 3% year-on-year rise in net profit to Rs 362 crore from Rs 352 crore for the second quarter of calendar year 2026. Revenue increased 21% to Rs 3,559 crore from Rs 2,940 crore, while ...
The Bombay High Court canteen has been temporarily shut down following an inspection by the Maharashtra Food and Drug Administration (FDA) on July 30, NDTV reported. All food and beverage operations on the premises have been suspended until further notice. In a formal communication, the Bombay Bar Association (BBA) stated that dining services provided through its primary canteen and independent coffee vendor will remain closed to lawyers, litigants, and court visitors for the time being. However, the Association clarified that the decision to halt operations was taken voluntarily as a precautionary measure. The BBA emphasized that it has not received any adverse communication, show-cause notice, or formal order from the state food regulator following the inspection. ALSO READ: Setback For FDA's Tukaram Mundhe Amid Raids; 29 Employees Complain To Minister - What We Know The Bombay Bar Association, according to the Indian Express, published a notice earlier in the day that s...