Asia Index launches BSE Dividend Leaders 50 index
Asia Index, subsidiary of stock exchange BSE, on Friday announced the launch of a new index -
BSE Dividend Leaders 50
. The index measures the performance of companies in the
BSE 500 index
that have consistently paid dividends over the past 10 years. It is reconstituted annually in December,
Asia Index
said in a statement.
"This index shines a spotlight on quality businesses that have demonstrated consistent dividend payouts -- a hallmark of financial resilience,
capital
discipline, and shareholder commitment," Ashutosh Singh, MD and CEO of Asia Index, said.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Join new Free to Play WWII MMO War Thunder
War Thunder
Play Now
Undo
This new index can be used for running passive strategies such as ETFs and Index Funds as well as gauging the performance of various sectors in India, Asia Index said.
Also, it can be used for benchmarking of PMS strategies, mutual fund schemes and fund portfolios, it added.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
22 minutes ago
- Hindustan Times
'Why do I need RCB? I don't even drink Royal Challenge': Karnataka Deputy CM's epic take on rumours of buying franchise
Karnataka Deputy CM DK Shivakumar on Wednesday shut down rumours about him buying the Royal Challengers Bengaluru (RCB) franchise in epic fashion. His statement came a day after RCB owners, Diageo India — the Indian arm of UK-based Diageo Plc — responded to speculation that part or all of the IPL franchise was up for sale "I am not a mad man. I'm just a member of the Karnataka Cricket Association from my younger days, that's all. I don't have time, though I had offers to be part of the management... Why do I need RCB? I don't even drink Royal Challenge," Shivakumar told news agency ANI. Earlier this week, a Bloomberg report said that the British distiller was in discussion with potential advisers on selling the club. Diageo owns the team through its Indian unit, United Spirits Ltd., and may seek a valuation of as much as $2 billion. Following the rumours, the shares of United Spirits, registered with the Bombay Stock Exchange (BSE), gained a 3.3 per cent increase in its price, this hitting a five-month high on Tuesday morning. This forced the BSE to sent out a mail to Diageo, who then responded saying the reports were merely speculative in nature. Mital Sanghvi, the company secretary, informed the regulating body of the Indian Stock Market on the mail saying, "The company would like to clarify that the aforesaid media reports are speculative in nature and it is not pursuing any such discussion. This is for your information and records."
Business Standard
23 minutes ago
- Business Standard
Harsha Engineers International Ltd leads losers in 'B' group
Starteck Finance Ltd, Pil Italica Lifestyle Ltd, Apollo Micro Systems Ltd and Creative Eye Ltd are among the other losers in the BSE's 'B' group today, 11 June 2025. Starteck Finance Ltd, Pil Italica Lifestyle Ltd, Apollo Micro Systems Ltd and Creative Eye Ltd are among the other losers in the BSE's 'B' group today, 11 June 2025. Harsha Engineers International Ltd tumbled 8.45% to Rs 394.8 at 14:31 stock was the biggest loser in the BSE's 'B' the BSE, 30.71 lakh shares were traded on the counter so far as against the average daily volumes of 68806 shares in the past one month. Starteck Finance Ltd crashed 8.32% to Rs 292. The stock was the second biggest loser in 'B' the BSE, 3395 shares were traded on the counter so far as against the average daily volumes of 4333 shares in the past one month. Pil Italica Lifestyle Ltd lost 5.31% to Rs 18.2. The stock was the third biggest loser in 'B' the BSE, 1.24 lakh shares were traded on the counter so far as against the average daily volumes of 1.02 lakh shares in the past one month. Apollo Micro Systems Ltd slipped 5.12% to Rs 189.8. The stock was the fourth biggest loser in 'B' the BSE, 4.26 lakh shares were traded on the counter so far as against the average daily volumes of 15.32 lakh shares in the past one month. Creative Eye Ltd corrected 5.07% to Rs 10.68. The stock was the fifth biggest loser in 'B' the BSE, 3.88 lakh shares were traded on the counter so far as against the average daily volumes of 28222 shares in the past one month.
Business Standard
23 minutes ago
- Business Standard
India Ratings downgrades ratings of Spandana Sphoorty to 'A-' with 'negative' outlook
Spandana Sphoorty Financial said that India Ratings and Research has downgraded its rating on the company's non-convertible debentures (NCDs) and bank loans' ratings to 'IND A-' from 'IND A' with a 'negative' outlook. India Ratings and Research stated that the downgrade and negative outlook reflect the continued stress on Spandanas asset quality during FY25, leading to pressure on its consolidated profitability, largely on account of elevated credit costs and operating expenses. Furthermore, the infusion of the confidence equity capital, as guided by the management during Q4 FY25, is yet to be completed. India Ratings notes that, as per the managements estimates, the capital infusion will be completed by Q2 FY26. Spandana is one of the companies that have been most impacted by the microfinance crisis, and the rating action reflects the significant losses reported by the company during FY25, higher than the India Ratings estimates for the period, post the declaration of H1 FY25 financial performance and in line with the agencys revised estimates. The agency expects the operating and financial performance to remain under pressure in the near term. The company witnessed a significant uptick in portfolio delinquencies in FY25, largely on account of increasing levels of borrower indebtedness, high field staff attrition, and operational challenges due to the transition to weekly collections mode from a monthly mode in select geographies (the transition has been paused at present due to headwinds in the sector), leading to weakening of the asset quality. The internal challenges were further exacerbated by external factors such as the impact of general elections in Q1 FY25, political movements in certain geographies, and adverse weather conditions. The ratings are supported by Spandanas geographically diversified loan portfolio and a healthy capitalisation profile, supported by the demonstrated track record of regular equity infusions. However, Spandanas overall cost of borrowings remains higher than that of its peers. The company also witnessed an uptick in the marginal cost of borrowing between Q1 FY25 and Q4 FY25. Thus, Spandanas ability to further diversify its funding profile and raise debt at improved rates compared to its peers would be a key rating monitorable. The ratings remain vulnerable to the risks associated with the microfinance business, including its modest borrower profile. This, however, is mitigated to some extent by the geographical diversification in Spandanas portfolio as well as the revised regulatory guidelines for the microfinance segment in FY22, which enable risk-based pricing for the industry. Spandana Sphoorty Financial is primarily engaged in the business of microfinance, providing small-value unsecured loans to low-income customers in semi-urban and rural areas. The scrip fell 1.32% to currently trade at Rs 280.05 on the BSE.
