1 / 8Bharat Dynamics | State-run defence equipment manufacturer on Thursday declared an interim dividend of ₹8.85 per equity share for the financial year 2023-24. The company has fixed April 2, 2024, as the record date for the said dividend. The payment of the interim dividend will be completed on and before April 18, 2024, the company said in a filing.
2 / 8Karnataka Bank | Private sector bank on Thursday launched qualified institutional placement (QIP) to raise funds and has approved the floor price for the issue at ₹231.43 per equity share based on the pricing formula as prescribed under the SEBI ICDR Regulations.
3 / 8TCS | IT services giant on Thursday said it has signed a multimillion-dollar deal to transform the global IT infrastructure for Denmark-headquartered Ramboll. Over the next seven years, TCS will modernise and streamline Ramboll's IT operating model to drive business growth and optimise the IT cost base.
4 / 8Mazagon Dock | State-run company on Thursday said the company will lease a land parcel measuring 14.55 acres from the Mumbai Port Authority (MbPA) for its Mumbai yard. MDL's board approved the offer from MbPA, paving the way for the acquisition of the land on a long-term lease basis.
5 / 8Tata Chemicals | The company on Thursday said it has received an order from the Income Tax Department imposing a penalty of ₹103.63 crore under Section 270A of the Income Tax Act, 1961. The penalty primarily pertains to the disallowance of interest under Section 36(1)(iii) of the Act, Tata Chemicals said in a regulatory filing.
6 / 8Tata Communications | The company on Thursday said it has approved the proposal to hive off its digital services business to its wholly-owned subsidiary, Novamesh Ltd. The transaction, structured as a slump sale, is subject to various conditions precedents and regulatory approvals. The identified business undertaking, which contributed a turnover of ₹638.71 crore and has a net worth of ₹457.90 crore.
7 / 8Prestige Estates | Realty firm on Thursday said the company's subsidiary has acquired 62.5 acres of prime land in Indirapuram Extension, NCR for ₹468 crore. The project will be branded under the successful ‘The Prestige City’ format, offering residents a large township with a seamless blend of residential, retail, school and recreational spaces.
8 / 8L&T | Engineering and construction conglomerate on Thursday said the meeting of the board of directors of the company is meeting on Wednesday, March 27, 2024, to seek approval for fundraising including by way of the debt issue.
