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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 ...

Watch: England's Bizarre Review Against NZ Leaves Social Media In Splits

England defeated New Zealand comfortably in the first T20I match of their four-match series but a bizarre review by skipper Jos Buttler became a major source of discussion between fans on social media. Glenn Phillips played a forward defence off the bowling of Liam Livingstone and both the bowler and wicket-keeper Buttler went up in appeal. While the umpire was not convinced at all, Buttler decided to take a review and the replays showed that the ball hit the middle of the bat.

Debutant Brydon Carse took three wickets to set up a seven-wicket win over New Zealand.

The 28-year-old South Africa-born paceman, in for the injured John Turner, returned fine figures of 3-23 from his maximum four overs as New Zealand were held to a modest 139-9.

Left-arm quick Luke Wood also took three wickets, following an expensive first over of the match that saw him hit for three sixes, on his way to 3-37.

Carse, playing at his home Durham ground, told Sky Sports: "It was obviously a great start to my T20 career. It was awesome to play in front of a home crowd at Durham and put in a good performance for the team. 

"I tried to stick to my strengths, hitting the top of the stumps."

Twenty20 world champions England made light of the chase, finishing on 143-3 with six overs to spare, as they went 1-0 up in a four-match series.

(With AFP inputs)



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