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News18
a day ago
- Business
- News18
HDFC Bank Announces Rs 5 Special Interim Dividend, First-Ever Bonus Issue
Last Updated: HDFC Bank Special Interim Dividend: The record date is July 25, while the payment date is August 11, 2025. HDFC Bank, India's largest private sector lender, on Saturday announced a special interim dividend of Rs 5 per equity for the current financial year 2025-26. The lender also announced its first-ever bonus issue of 1:1. 'A Special Interim Dividend of Rs. 5 per equity share of Re. 1/- each fully paid up (i.e. 500%), for the FY 2025-26," HDFC Bank said in a regulatory filing. The record date for determining the eligibility of Members entitled to receive the said Special Interim Dividend is Friday, July 25, 2025. The Special Interim Dividend shall be paid to the eligible Members on Monday, August 11, 2025. It also announced a 1:1 bonus issue. The bank said, 'Issuance of Bonus equity shares in the proportion of 1:1 i.e. 1 (One) equity share of Re. 1/- each for every 1 (One) fully paid-up equity share of Re. 1/- each held by the Members of the Bank as on the Record Date (mentioned below)." Shares of HDFC Bank on Friday declined by 1.56% to close at Rs 1,959 apiece on the NSE. HDFC Bank, India's largest private sector lender, on Saturday reported a 12.24 per cent year-on-year rise in its net profit to Rs 18,155.21 crore for the first quarter ended June 2025. Its net interest income, which is the difference between interest earned and interest expended, rose 5.4% to Rs 31,439 crore in April-June, against Rs 29,839 crore in the year-ago period. Its net profit had stood at Rs 16,174.75 crore in the corresponding period last year. A bonus issue is when a company gives its existing shareholders free additional shares by converting its reserves into equity. In a 1:1 bonus issue, for every 1 share you already own, you get 1 extra share for free. So, if you hold 100 shares of HDFC Bank, you'll now have 200. The total value of your investment remains the same immediately after the bonus because the stock price usually adjusts in proportion to the bonus. For investors, it doesn't mean instant profit, but it increases the number of shares they own and can improve liquidity and market participation in the long term. It also signals the company's strong confidence in its financial health. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
a day ago
- Business
- News18
HDFC Bank Q1 Results: Net Profit Rises 12.2% YoY To Rs 18,155 Crore; Special Dividend, Bonus Issue Approved
Last Updated: HDFC Bank Q1 Results: Its net interest income rises 5.4% to Rs 31,439 crore in April-June, against Rs 29,839 crore in the year-ago period. HDFC Bank Q1 Results: HDFC Bank, India's largest private sector lender, on Saturday reported a 12.24 per cent year-on-year rise in its standalone net profit to Rs 18,155.21 crore for the first quarter ended June 2025. Its net interest income, which is the difference between interest earned and interest expended, rose 5.4% to Rs 31,439 crore in April-June, against Rs 29,839 crore in the year-ago period. Its net profit had stood at Rs 16,174.75 crore in the corresponding period last year. However, on a consolidated basis, its net profit fell by 1.31 per cent to Rs 16,258 crore for the June 2025 quarter. The lender had reported a net profit of Rs 16,475 crore in the year-ago period. Its total income jumped to Rs 99,200 crore in the June quarter from Rs 83,701 crore in the year-ago period. The total expenditure stood at Rs 63,467 crore against Rs 59,817 crore in the same period of the preceding fiscal, as per an exchange filing. The net interest margin narrowed to 3.35 per cent from 3.46 per cent in the first quarter of FY25, it said. The overall provisions jumped to Rs 14,442 crore from Rs 2,602 crore in the year-ago period, the bank said, adding that this includes a floating provision of Rs 9,000 crore. On asset quality, HDFC Bank's gross non-performing asset (GNPA) ratio marginally increased to 1.40% and its net NPA ratio inched up to 0.47% as of June 30, as percentage of total advances. The return on assets remained stable at 0.48%. In a regulatory filing, HDFC Bank also announced a bonus issue. It said, 'Issuance of Bonus equity shares in the proportion of 1:1 i.e. 1 (One) equity share of Re. 1/- each for every 1 (One) fully paid-up equity share of Re. 1/- each held by the Members of the Bank as on the Record Date (mentioned below)." The bank also announced a special interim dividend of Rs 5 per equity for the financial year 2025-26. 'A Special Interim Dividend of Rs. 5 per equity share of Re. 1/- each fully paid up (i.e. 500%), for the FY 2025-26," HDFC Bank stated. The record date for determining the eligibility of Members entitled to receive the said Special Interim Dividend is Friday, July 25, 2025. The Special Interim Dividend shall be paid to the eligible Members on Monday, August 11, 2025. Shares of HDFC Bank on Friday declined by 1.56% to close at Rs 1,959 apiece on the NSE. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Indian Express
a day ago
- Business
- Indian Express
Order win: Over 1110% returns in 3 years, PSU Railway company secures Delhi Metro project
Railway Stock, RVNL Share Price: Shares of Rail Vikas Nigam Limited (RVNL) closed in red on Friday (July 18). The PSU railway stock settled at Rs 374.95 apiece, down 1.70 per cent. According to the NSE (as of July 19), the total market cap of RVNL is 78,177.83 crore. The stock registered a 52-week-high of Rs 639 on July 23, 2024. It recorded 52-week-low of Rs 305 on April 7, 2025. In a regulatory filing on July 14, RVNL said that it received LOA from Delhi Metro Rail Corporation Limited for 'Contract D2C-02: 'Part Design and Construction of viaduct of length 7.298 kms. from Chainage 1202.782 M to Chainage 8501.25 M including seven (07) stations (only platforms) namely Pushp Vihar, Saket District Court, Pushpa Bhawan, Chirag Delhi, GK-1, Andrews Ganj And Lajpat Nagar including Pre-Engineered Building Structure in all stations of Lajpat Nagar to Saket G block corridor of Delhi MRTS Phase-IV Project.' 'The project cost is Rs. 447,42,48,757.33 (inclusive of 18% GST) (Rupees Four hundred Forty Seven Crore Forty Two lakhs Forty Eight Thousand Seven Hundred and Fifty Seven and Paisa Thirty Three Only) (Incl. all taxes),' the company said in filing. RVNL is a component of the BSE 200. According to the BSE analytics (as of July 19), shares of RVNL gave negative return of 1.45 and 3.92 per cent in the last 1 week and 2 weeks, respectively. Shares of the PSU stock fell in the last 1 year by 35.87 per cent. In the past 2 years, 3 years and 5 years, shares of the company gained 213.99 per cent, 1114.86 per cent and 1803.80 per cent, respectively. In 2024, RVNL paid a dividend of Rs 2.11. In 2023, the company announced dividends of Rs 1.77 and Re 0.36. RVNL never issued bonuses for the equity shareholders.
Time of India
a day ago
- Business
- Time of India
Karnataka govt to levy groundwater extraction charges;meters now mandatory for all users
Bengaluru: In a sweeping move to regulate groundwater use and ensure sustainability, the state govt has decided to impose charges ranging from Re 1 to Rs 35 per cubic metre on individuals, housing societies, commercial establishments, industries, and mining operators drawing groundwater across the state. The charges will apply to all types of apartment complexes, group housing societies, and even govt agencies supplying water in urban areas. Commercial and mining users will also fall under the ambit of the new regulations. In addition, the govt has made it mandatory for all residential and commercial property owners to obtain a no-objection certificate (NOC) before digging borewells or extracting groundwater. While the 2011 and 2012 Karnataka Groundwater Regulations allowed NOCs water extraction, they did not include charges or cover tanker suppliers. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru All apartment complexes and group housing societies drawing 25-200 cubic metres per day will now have to pay Re 1 per cubic metre, and those using above 200 cubic metres will pay Rs 2 per cubic metre. There are no charges for the usage of up to 25 cubic meters. Industries, infrastructure, and mining projects will be charged based on the groundwater categorisation of the taluk — safe, semi-critical, critical, or over-exploited. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo However, concessions of 50% on fees will be extended to existing projects that have fulfilled NOC conditions, including the construction of groundwater recharge structures. The govt has also extended the NOC regime and levies to bulk water suppliers and tankers. While the Centre restricts tanker usage to domestic and drinking purposes, Karnataka has allowed broader usage, citing geological constraints such as granite and schist formations that hamper groundwater recharge. "Due to geological reasons in certain regions, groundwater contains high levels of salinity. Such groundwater is unsuitable for industrial production, which could potentially hinder industrial growth. If industries shut down, it may lead to disruptions in the industry-based socio-economic system. Therefore… it is proposed to amend the guidelines to permit bulk water supply for use in drinking, domestic, industrial, commercial, mining and infrastructure development purposes," read a note from the minor irrigation department. Tankers will now face extraction caps — 150 cubic metres per day in safe zones, 100 cubic metres in semi-critical and critical zones, and just 50 cubic metres in over-exploited taluks. The govt has also directed all apartment complexes and individual houses with borewells to install digital water flow meters. Telemetry systems are made mandatory for apartments. Violations of the new norms will attract penalties ranging from Rs 5,000 to Rs 2 lakh, depending on consumption levels between 200 KLD and 5,000 KLD or more. The groundwater extraction charges collected will be used for recharge and conservation initiatives, aiming to ensure long-term sustainability of the state's vital water resources. —------ Quote Due to geological reasons in certain regions, groundwater contains high levels of salinity. Such groundwater is unsuitable for industrial production, which could potentially hinder industrial growth. If industries shut down, it may lead to disruptions in the industry-based socio-economic system. Therefore… it is proposed to amend the guidelines to permit bulk water supply for use in drinking, domestic, industrial, commercial, mining and infrastructure development purposes -minor irrigation department's note GFX Groundwater usage charges (Per cubic metre per day) Apartments & Group Housing Daily usage volume Rate Up to 25 m³ No charges Above 25 m³ up to 200 m³ ₹1 200 m³ and above ₹2 Industries & infrastructure projects Groundwater zone Rate range Safe zone ₹1-5 Semi-critical zone ₹2-8 Critical zone ₹4-10 Over-exploited zone ₹6-20 Mining projects Groundwater zone Rate range Safe zone ₹1-3 Semi-critical zone ₹2-4 Critical zone ₹3-6 Over-exploited zone ₹4-7 Bulk/Tanker Suppliers Groundwater zone Fixed rate Safe category ₹10 Semi-critical ₹20 Critical ₹25 Over-exploited ₹35 ——
Time of India
2 days ago
- Business
- Time of India
Non-disclosure of Sahyadri-Manipal deal sparks probe
Pune: The Manipal Group's acquisition of a majority stake in the Sahyadri Group of Hospitals continues to raise eyebrows. The joint charity commissioner of Pune division has initiated an inquiry against Sahyadri for non-disclosure of the deal. This comes shortly after the Pune Municipal Corporation sent two notices seeking an explanation from the hospital on the effect the deal might have on land ownership and health schemes coverage. Joint charity commissioner Rajni Kshirsagar said, 'Sahyadri hospital has not given us any information about the recent transaction. Based on the news reported in the media, we have started an investigation through an inspector two days ago. Further action will be taken after the investigation report comes.' TOI reached out to Sahyadri for comment and a response was awaited till going to press. You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune The transaction between Sahyadri and Manipal covers all 11 hospitals run by the former, but only one, the Deccan Road branch, is a charitable trust and covered under the Bombay Public Trusts Act, 1950. Being a charitable hospital, it is entitled to multiple benefits under taxation. The management was bound to inform the joint charity commissioner's officer regarding any change in ownership or management of the hospital, which Kshirsagar said Sahyadri failed to do. Furthermore, a letter was sent by advocate Sushrut Kamble to the officer of joint charity commissioner, alleging multiple violations of rules in these transactions. In 1998, PMC leased a 23,000 sqft plot in Deccan to Konkan Mitra Mandal Medical Trust for a nominal fee of Re 1 per year, for 99 years, to provide affordable healthcare to the needy. The trust later built Sahyadri hospital on the plot. After news of the transaction came out, PMC's estate department and the health department issued a show cause notice, asking the hospital management for clarification on any changes in the ownership of the leased land and healthcare under various schemes. In a statement, Amitkumar Khatu, Sahyadri's chief legal and compliance officer, said the transfer of shares to Manipal Group will not affect patient service, management, or the organisation's values. Hospital's legal team meets civic chief Earlier in the day, the Sahyadri Group of Hospitals' legal team met with municipal Commissioner Naval Kishore Ram, as well as officials from PMC's health and estate departments. An official who attended the meeting, on the condition of anonymity, said, 'There was a meeting between PMC officials and the Sahyadri management. The issues raised by various media reports pertaining to the recent transaction were discussed. The legal head of the hospital gave verbal clarification that they will soon submit documents pertaining to questions raised about the transaction and other legal matters.' Pune Municipal Corporation had raised questions about the proposed deal and whether or not it would affect the current health services provided by the hospital for patients covered under various govt-run health insurance schemes. The civic body also raised questions about changes, if any, pertaining to the land ownership following the deal.
