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Bumper Dividend: ABB India Declares Rs 90/Share Payout Even As Profit Stays Soft

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 ...

"Incredible Moment": Sundar Pichai Congratulates India On Moon Mission

Google and Alphabet CEO Sundar Pichai has joined millions of across the world in congratulating India on becoming the first nation to land near the Moon's south pole. India also became the fourth nation to soft land a craft on the lunar surface.

"What an incredible moment!" Mr Pichai posted on X, formerly Twitter.

"Congratulations to ISRO for the successful landing of Chandrayaan-3 on the Moon this morning. Today, India became the first country to successfully achieve a soft landing on the southern polar region of the Moon," the Google chief executive said, referring to the Indian Space Research Organisation (ISRO).

Areas near the moon's South Pole is seeing a "gold rush" because of high chances of finding large amount of water there, first found by the Chandrayaan-2 mission.

The rover Pragyan rolled out a few hours after lander Vikram's touchdown on the Moon's surface.

Lander Vikram's touched down days after a Russian probe crashed in the same region and four years since the previous Chandrayaan-2 attempt failed at the last moment.

The Chandrayaan-3 mission has captivated public attention since launching nearly six weeks ago in front of thousands of cheering spectators.

Chandrayaan-3 took much longer to reach the Moon than the Apollo missions in the 1960s and 1970s, which arrived in a matter of days.

India used rockets much less powerful than the ones the US used back then, meaning the probe had to orbit the Earth several times to gain speed before embarking on its month-long journey.

The lander detached from its propulsion module last week and had been sending images of the Moon's surface since entering lunar orbit on August 5.

The solar-powered rover Pragyan will explore the lunar surface and transmit data to Earth over its two-week lifespan.



from NDTV News- Special https://ift.tt/jy5OS3w

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