Skip to main content

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 ...

India Showed Will To Counter China's Activities In 2023: US Official

India in 2023 showcased itself as a global leader as it demonstrated a greater willingness to counter China's activity throughout the Indo-Pacific region and took steps to modernise its military and reduce its dependency on Russian origin-equipment, the top US intelligence official has told Congress.

The remarks by Lt Gen Jeffrey Kruse, Director of the Defence Intelligence Agency came during a Congressional hearing on defence intelligence countering China. "During the past year, India has showcased itself as a global leader by hosting the Group of 20 economic summit and demonstrated a greater willingness to counter PRC's (People's Republic of China) activity throughout the Indo-Pacific region," Kruse told members of the House Armed Services Committee - the subcommittee on intelligence and special operations.

India, he said, has advanced partnerships in the Indo-Pacific with regional South China Sea claimants, such as the Philippines, through training and defence sales and deepening cooperation with the US, Australia, France and Japan.

China claims most of the South China Sea as its own, while The Philippines, Vietnam, Malaysia, Brunei and Taiwan have counterclaims over the maritime area.

"In 2023, India took steps to modernise its military to compete with China and reduce its dependency on Russian-origin equipment. India conducted sea trials for its first domestically produced aircraft carrier and also has negotiated with several Western countries on the transfer of key defence technologies," Mr Kruse said.

India has maintained its neutral stance on Russia's invasion of Ukraine. Russia remains India's most substantial defence partner and New Delhi continues to acquire weapons from Moscow, such as the S-400 surface-to-air missile system, despite New Delhi's desire to diversify its defence acquisition partnerships, Mr Kruse said.

"In 2024, New Delhi probably will focus on securing its national parliamentary elections, maintaining economic growth, and building on its 'Make in India' initiative as part of its military modernisation effort -- which is aimed at countering Beijing," he told the lawmakers.

Bilateral relations between India and China remain tense following the 2020 Galwan clash that killed 20 Indian soldiers and at least five PLA (People's Liberation Army) soldiers.

In October 2023, senior Indian and PLA officers failed to resolve disputes about the two remaining standoff locations in eastern Ladakh during their twentieth round of talks. Both sides maintain approximately 50,000-60,000 troops in the area and continue to improve their military infrastructure near the border, Kruse told the lawmakers.

On Pakistan, Kruse told lawmakers that it has sought international support, including from the UN Security Council, to resolve its dispute with India about Kashmir. Separately, Islamabad and New Delhi have maintained an uneasy ceasefire along the shared Line of Control since February 2021.

"Pakistan has sustained its nuclear modernisation efforts despite its economic turmoil. Terrorist violence against Pakistani security forces and civilians also rose last year," Mr Kruse said.

In 2023, militants killed approximately 400 security forces, a nine-year high, and Pakistani security forces have conducted almost daily counterterrorism operations during the past year.

Pakistan's contentious relationship with India continues to drive its defence policy, Mr Kruse said. However, cross-border violence between the countries has decreased since their February 2021 recommitment to a ceasefire, he said.

"Islamabad is modernising its nuclear arsenal and improving the security of its nuclear materials and nuclear C2. In October, Pakistan successfully tested its Ababeel medium-range ballistic missile," he said.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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

Comments

Popular posts from this blog

युवाओं ने निकाली कौमी एकता रैली, डेंगू मुक्त भिलाई बनाने का लिया संकल्प

छत्तीसगढ़ के दुर्ग जिले के वैशालीनगर विधान सभा क्षेत्र में स्वतंत्रता दिवस के उपलक्ष्य में कौमी एकता रैली का आयोजन किया गया. from Latest News छत्तीसगढ़ News18 हिंदी https://ift.tt/2wbsTPZ

Student Of The Year 2 Box Office: थकने लगे स्टूडेंट्स, दूसरे वीकेंड में बस इतनी कमाई

SOTY 2 Day 10 Box Office Collection SOTY 2 पर अजय देवगन की फ़िल्म दे दे प्यार दे की रिलीज़ से काफ़ी असर पड़ा है जिसने ओपनिंग वीकेंड में 38.54 करोड़ का कलेक्शन किया है। from Jagran Hindi News - entertainment:box-office http://bit.ly/2LXaHEJ

चेम्बूरः पड़ोसी ने मांगा पत्नी का मोबाइल नंबर, दंपती ने पीटा, मौत

महाराष्ट्र के चेम्बूर में दंपती पर आरोप लगा है कि उन्होंने अपने पड़ोसी की पीट-पीटकर इसलिए हत्या कर दी कि उसने महिला का मोबाइल नंबर मांगा था। घटना मंगलवार को हुई। तिलक नगर पुलिस ने दंपती को गिरफ्तार कर लिया है। from Maharashtra महाराष्ट्र News, Maharashtra News in Hindi, महाराष्ट्र समाचार, खबरें| https://ift.tt/2LmXTTK