Latest news with #Rs179
Mint
20-05-2025
- Business
- Mint
Pfizer share price rises 13% post Q4 Results, dividend announcement despite stock Market crash: Do you own?
Stock Market Today: Pfizer share price gained 13% in the intraday trades on Tuesday. This rise in the Pfizer share price was post Q4 Results, dividend announcement of RS 135 a share and despite stock Market crash While Pfizer Ltd had reported Rs179 crore In the corresponding quarter of the previous fiscal, or March quarter of FY24, the net profit in the March 2025 quarter saw a sharp jump to ₹ 331 crore. The same meants that in the March quarter of FY25, the company's earnings increased by 85% year-over-year (Y-o-Y). In Q4FY25, Pfizer's operating revenue increased 8.3% year over year to ₹ 591.9 crore from ₹ 546.6 crore in Q4FY24. In light of Pfizer's 75th anniversary in India, the Board of Directors has recommended a final dividend of Rs. 35/-per equity share of Rs. 10/-each (350% considering the face value of share ) and a special dividend of Rs. 100/-per equity share of Rs. 10/-each (1000% considering the face value of share). Additionally, the Board has recommended a special dividend of Rs. 30/-per equity share of Rs. 10/-each (300%) in light of the gain on the transfer of assignment of leasehold land and the building built on such land. This comes to a dividend of Rs. 165/-per equity share of Rs. 10/-each (1650% considering the face value of share) for the fiscal year ending March 31, 2025. Pfizer share price share price opened at ₹ 4698.80 on the BSE on Tuesday. At the time of opening the investor sentiment remained upbeat and Pfizer share price was already up by more than 5% compared to the previous days closing price of ₹ 4464.25. The Pfizer share price theerafter gained to intraday highs of ₹ 5049.80 and thsi meant intraday gains of more than 13%. The Pfizer share price also ended the day at close to ₹ 4945.35, which was almost 11% higher Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
Express Tribune
27-02-2025
- Business
- Express Tribune
Zakat deduction on bank accounts for Ramadan 2025 announced
Listen to article The Ministry of Poverty Alleviation and Social Safety has announced the Zakat Nisab for the year 2025, specifying the deduction threshold for bank accounts. The new regulations state that Zakat will be deducted from accounts with a balance of Rs179,689 or more on the first day of Ramadan, which falls on March 1 or 2, 2025. The ministry has informed banks that Zakat will be applicable on saving accounts, and similar types of accounts, while current accounts will remain exempt. Accounts with a balance lower than Rs179,689 on the first day of Ramadan will not be subject to Zakat deduction. This decision aligns with the Zakat and Ushr Ordinance of 1980, which sets the guidelines for the collection and distribution of Zakat in Pakistan. Earlier, the Chairman of the Islamic Ideological Council, Dr. Raghib Hussain Naeemi, has announced the guidelines for paying Fitrana (almsgiving) and Roza Fidya (compensation for missed fasting) for the current year. According to the council's recommendations, a minimum of Rs220 per person should be paid as Fitrana based on wheat, while those opting for other forms of food products like dates, raisins, or dried apricots will be required to pay varying amounts. Specifically, Fitrana for dates is calculated at Rs1,650 for raisins at Rs2,500 and for dried apricots at Rs5,000. Dr. Naeemi emphasised that Fitrana and Fidya should be paid in accordance with one's financial ability. He reiterated that Fitrana is an obligatory charity for all Muslims—both male and female, free and enslaved—and must be given before the end of Ramadan. The announcement also provided detailed calculations for those opting to pay based on different food items. For example, the amount for 30 days of Fidya (compensation for missed fasting) is Rs6,600 for wheat, Rs13,500 for barley, Rs49,500 for dates, Rs75,000 for raisins, and Rs150,000 rupees for dried apricots. Dr. Naeemi also highlighted the Kaffara (penalty) for deliberately breaking a fast, which involves either fasting for 60 consecutive days or feeding 60 needy individuals two meals each. Additionally, individuals using subsidised government wheat flour can pay as little as Rs160 for their Fitrana and Fidya contributions.
