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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 ...

Magnitude 6 Earthquake Strikes Off Coast Of Japan's Noda Region: USGS

An earthquake of 6-magnitude struck off the coast of Japan's eastern Noda region on Wednesday, the United States Geological Survey said. The quake was at a depth of 19.3 km, it said.
This comes weeks after a powerful 7.5-magnitude earthquake shook the country's regions, injuring at least 30 people and forcing about 90,000 residents to evacuate their homes.

The December 8 earthquake struck off the coast and the Japan Meteorological Agency said a tsunami as high as 3 metres (10 feet) could hit the country's northeastern coast. Warnings were issued for the prefectures of Hokkaido, Aomori and Iwate, and tsunamis from 20 to 70 cm (7 to 27 inches) high were observed at several ports, JMA said.

Japan is one of the world's most earthquake-prone countries, with a tremor occurring at least every five minutes. Located in the "Ring of Fire" of volcanoes and oceanic trenches partly encircling the Pacific Basin, Japan accounts for about 20% of the world's earthquakes of magnitude 6.0 or greater.

The northeastern region suffered one of the country's deadliest earthquakes on March 11, 2011, when a 9.0-magnitude tremor struck under the ocean off the coast of the northern city of Sendai. It was the most powerful ever recorded in Japan and set off a series of massive tsunami that devastated a wide swathe of the Pacific coastline and killed nearly 20,000 people.



from NDTV News- Special https://ift.tt/j9MCsEN

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