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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 ...

Jay Shah, Ganguly Watch IPL Game In The Stands. Internet Can't Stop Praising

International Cricket Council (ICC) chairman Jay Shah and former Indian cricket team skipper Sourav Ganguly were spotted watching the IPL 2026 match between Kolkata Knight Riders and Gujarat Titans from the stands at the Narendra Modi Stadium in Ahmedabad on Friday. It came as a surprise to many people that the duo was not in the VIP area and was seated with the fans during the match. High-profile attendees are not a surprise during IPL matches, but it is not common for them to be seated among the general crowd. Social media users were left impressed by Ganguly and Shah ditching 'VIP culture'.

A superb recovery led by Cameron Green's 79 off 55 balls was undone by a dramatic late-order collapse as Kolkata Knight Riders (KKR) were bowled out for 180 in their 20 overs against Gujarat Titans (GT).

Despite Green's fine knock, laced with seven fours and four sixes, KKR lost their last six wickets for just 33 runs in the final phase of the innings. Kagiso Rabada was the pick of the bowlers for GT, returning figures of 3-33, while Mohammed Siraj and Prasidh Krishna played vital roles in stifling the KKR batters, though Ashok Sharma and Rashid Khan were expensive.

Pushed into bowling first after KKR elected to bat, Siraj struck in the very first over as skipper Ajinkya Rahane skewed an outswinger to mid-on and fell for a golden duck. Rabada then doubled the misery in the second over by having Angkrish Raghuvanshi nick behind to the keeper. When Tim Seifert (12) slapped a short delivery from Siraj straight to point, KKR were reeling at 32/3 in four overs.

KKR's recovery was initially sparked by Rovman Powell, who hit a cameo of 27 off 20 balls, including two massive sixes, shifting the pressure back onto the GT bowlers. His 55-run stand with Green, who timed the ball really well, steadied the ship before Ashok Sharma deceived him with a 107kph slower ball.

Green, who was struggling on 27 off 29 balls at one stage, suddenly found his groove in the 12th over by launching Rashid for a six and a four. He took a particular liking to the spinners, scoring 33 off just 18 balls against them. His 60-run partnership off 23 balls with Anukul Roy saw KKR gallop from 87/4 to 139/4 in the space of three overs.

However, the dismissal of Roy (9) by Prasidh Krishna in the 15th over triggered a sensational slide. Rinku Singh's poor run continued as he fell to Rabada, while Ramandeep Singh (17) holed out after a brief flurry of boundaries.

In a bizarre final stretch, Green, who had reached 75 off 44 balls, became a virtual spectator at the non-striker's end as wickets tumbled, with the seam-bowling all-rounder facing only two of them during that sequence.

Green managed only four runs off his final 11 deliveries before being caught behind off the last ball of the innings off Rashid. From a position where 200 looked certain, KKR finished with 180 - a total that looks below par on a pitch favouring good strokeplay.

(With IANS inputs)



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