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Mint
2 days ago
- Business
- Mint
Tata Power, PNB to Bajaj Auto: 13 stocks to Trade Ex-Dividend Today
Dividend Stocks: Tata Power, PNB, Bajaj Auto, Voltas, HDFC Life, Bank of India are the prominent stocks to trade ex-dividend today. The record date of Friday, June 20, had been set by these companies for identifying the list of shareholders eligible to receive dividends. According to the T+1 settlement procedure, investors should have purchased shares of these companies at least one day prior to the record date if they wanted to take advantage of the 'dividend announcements by these companies and their names appearing in the list of shareholders eligible to receive dividends. Tata Power: For the fiscal year that concluded on March 31, 2025, the Board has recommended paying the members a final dividend of ₹ 2.25 per equity share of ₹ 1 each (at 225%). The dividend needs to be approved by the members at the company's 106th Annual General Meeting (or "AGM"), which is set for Friday, July 4, 2025. Punjab National Bank, or PNB: For FY 2024–2025, a recommended dividend of Rs. 2.90 per equity share (145% on face value) of face value of Rs. 2 per share is subject to shareholder approval at the bank's subsequent annual general meeting. Bajaj Auto Ltd.: For the fiscal year that concluded on March 31, 2025, the Board of Directors had recommended a dividend on equity shares at the rate of Rs. 210 per share (2100%) of face value of Rs. 10 each. If the shareholders approve the dividend at the next Annual General Meeting, it will be credited or distributed on or around August 8, 2025. Voltas Ltd.—For the year 2024–2025, directors have suggested a dividend of Rs. 7 per share on a face value of Re. 1 per share (700%), which will be paid or dispatched on or after the fifth day following the completion of the company's 71st Annual General Meeting, pending shareholder approval. HDFC Life Insurance Company Ltd.—The company had recommended final dividend of ₹ 2.10 per equity share of face value of ₹ 10 each for the financial year 2024-25. Bank of India: Recommended a dividend of Rs. 4.05 (i.e., 40.50%) per equity share (face value Rs. 10/-). each fully paid up) for the FY2024-25. Other stocks, such as Torrent Pharma, Transcorp International Ltd., Rossari Biotech Ltd, Mawana Sugars Ltd, Supreme Industries Ltd, Solitaire Machine Tools Ltd., and Swastika Investsmart Ltd., will also trade ex-dividend today Disclaimer: This story is for educational purposes only. 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 making any investment decisions.
Time of India
2 days ago
- Business
- Time of India
What is Sebi's new NSEL settlement scheme, and how will it benefit stock brokers?
The scheme applies only to violations of SEBI regulations. It does not interfere with proceedings by other enforcement agencies. Sebi has introduced a one-time settlement scheme for brokers involved in the NSEL scam, offering a capped penalty and optional debarment in exchange for resolving regulatory violations. The move aims to expedite enforcement, reduce litigation, and ease compliance burden, though brokers facing criminal charges or exchange defaults are excluded from the scheme. Tired of too many ads? Remove Ads Settlement process Based on Quantity Tired of too many ads? Remove Ads Non-monetary settlement Exclusions Limited scope About NSEL scam Tired of too many ads? Remove Ads Market regulator Securities and Exchange Board of India (Sebi) on Wednesday introduced a one-time settlement scheme for stock brokers who traded on the now-defunct National Spot Exchange Ltd (NSEL) platform. The scheme, aimed at expediting enforcement proceedings under SEBI's jurisdiction, offers eligible brokers a chance to settle violations related to securities laws without prolonged has approved a structured scheme for brokers who were registered or applied as trading/clearing members under SEBI's 1992 Stock Broker Regulations and operated on the NSEL has suggested dual criteria for monetary settlement in which the settlement amount will be calculated based on -- one is the quantity of units traded in paired contracts and the second is based on traded value available in paired contracts: 1 basis point (0.01%) of traded value in paired contracts, subject to a minimum of Rs 5 lakh.-- If the quantity involved in paired contracts is then or equal to 25,000 units, the settlement amount will be Rs 1,00,000.-- Higher than 25,000 but less than 1,00,000, the settlement amount is Rs 1 lakh + Re 1 for each unit in a paired contract above 25,000 units.-- Higher than 1,00,000, The settlement amount will be Rs 1.75 lakh + Rs 0.50 for each unit in paired contracts above 1,75,000 units, subject to a maximum of Rs 5 total payable is the sum of both these components, with a cap of Rs 5 lakh under quantity-based availing the scheme may also face voluntary debarment ranging from 1 to 6 months, adjusted for any prior suspension or restrictions already named in charge sheets by agencies such as the Economic Offences Wing (EOW) or the Enforcement Directorate (ED) are not eligible. Defaulters with stock exchanges are also charge sheet = Void settlementIf a broker avails the scheme and is later charge-sheeted by a law enforcement agency, the settlement becomes null and scheme applies only to violations of SEBI regulations. It does not interfere with proceedings by other enforcement expects this move to reduce legal costs, ease regulatory burden, and allow swifter resolution—while still serving as a deterrent for future will continue enforcement actions against brokers who are either ineligible or choose not to opt for this Read: Sebi eases delisting norms for PSUs with over 90% government holding The NSEL scam, considered one of India's biggest financial frauds, unfolded in July 2013 when the NSEL abruptly suspended trading in most commodities, exposing a Rs 5,600 crore default that impacted around 13,000 investors. NSEL, promoted by erstwhile Financial Technologies (India) Ltd (now 63 Moons Technologies ), was set up for spot trading in illegally offered paired contracts—buying and selling commodities with guaranteed returns over short durations, violating spot market contracts were falsely backed by warehouse receipts that had no real stock. When the Forward Markets Commission (FMC) ordered a halt to these illegal contracts, the default was triggered.
Economic Times
2 days ago
- Business
- Economic Times
What is Sebi's new NSEL settlement scheme, and how will it benefit stock brokers?
The scheme applies only to violations of SEBI regulations. It does not interfere with proceedings by other enforcement agencies. Sebi has introduced a one-time settlement scheme for brokers involved in the NSEL scam, offering a capped penalty and optional debarment in exchange for resolving regulatory violations. The move aims to expedite enforcement, reduce litigation, and ease compliance burden, though brokers facing criminal charges or exchange defaults are excluded from the scheme. Tired of too many ads? Remove Ads Settlement process Based on Quantity Tired of too many ads? Remove Ads Non-monetary settlement Exclusions Limited scope About NSEL scam Tired of too many ads? Remove Ads Market regulator Securities and Exchange Board of India (Sebi) on Wednesday introduced a one-time settlement scheme for stock brokers who traded on the now-defunct National Spot Exchange Ltd (NSEL) platform. The scheme, aimed at expediting enforcement proceedings under SEBI's jurisdiction, offers eligible brokers a chance to settle violations related to securities laws without prolonged has approved a structured scheme for brokers who were registered or applied as trading/clearing members under SEBI's 1992 Stock Broker Regulations and operated on the NSEL has suggested dual criteria for monetary settlement in which the settlement amount will be calculated based on -- one is the quantity of units traded in paired contracts and the second is based on traded value available in paired contracts: 1 basis point (0.01%) of traded value in paired contracts, subject to a minimum of Rs 5 lakh.-- If the quantity involved in paired contracts is then or equal to 25,000 units, the settlement amount will be Rs 1,00,000.-- Higher than 25,000 but less than 1,00,000, the settlement amount is Rs 1 lakh + Re 1 for each unit in a paired contract above 25,000 units.-- Higher than 1,00,000, The settlement amount will be Rs 1.75 lakh + Rs 0.50 for each unit in paired contracts above 1,75,000 units, subject to a maximum of Rs 5 total payable is the sum of both these components, with a cap of Rs 5 lakh under quantity-based availing the scheme may also face voluntary debarment ranging from 1 to 6 months, adjusted for any prior suspension or restrictions already named in charge sheets by agencies such as the Economic Offences Wing (EOW) or the Enforcement Directorate (ED) are not eligible. Defaulters with stock exchanges are also charge sheet = Void settlementIf a broker avails the scheme and is later charge-sheeted by a law enforcement agency, the settlement becomes null and scheme applies only to violations of SEBI regulations. It does not interfere with proceedings by other enforcement expects this move to reduce legal costs, ease regulatory burden, and allow swifter resolution—while still serving as a deterrent for future will continue enforcement actions against brokers who are either ineligible or choose not to opt for this Read: Sebi eases delisting norms for PSUs with over 90% government holding The NSEL scam, considered one of India's biggest financial frauds, unfolded in July 2013 when the NSEL abruptly suspended trading in most commodities, exposing a Rs 5,600 crore default that impacted around 13,000 investors. NSEL, promoted by erstwhile Financial Technologies (India) Ltd (now 63 Moons Technologies ), was set up for spot trading in illegally offered paired contracts—buying and selling commodities with guaranteed returns over short durations, violating spot market contracts were falsely backed by warehouse receipts that had no real stock. When the Forward Markets Commission (FMC) ordered a halt to these illegal contracts, the default was triggered.
Egypt Today
3 days ago
- Science
- Egypt Today
What do you know about Obelisks in Ancient Egypt?
Towering over temple courtyards and bathed in the golden light of the Egyptian sun, obelisks were more than just monumental stone pillars—they were powerful symbols of divinity, kingship, and eternal life. Deeply connected to the sun god Re, these awe-inspiring structures embodied the creative force of the universe and the enduring legacy of the pharaohs. But how much do we know about their meaning, construction, and purpose in Ancient Egypt? ●The obelisks were associated with the sun god Re, representing permanence, immortality, and creative power. ●Each obelisk was carved from a single piece of stone and erected in front of temple facades. The top of the obelisk often took the form of a benben stone, symbolizing creation and the regeneration of life. ●They typically featured inscriptions of religious texts, as well as honoring the name of the king and his victories. ●In addition to their religious symbolism, the obelisks also stand as a testament to the ancient Egyptians' skill in construction and engineering.
Business Standard
4 days ago
- Business
- Business Standard
Bajaj Finance allots Equity share
Pursuant to Bonus IssueBajaj Finance has allotted 4,97,14,29,216 equity shares of Re. 1/- each as fully paid-up bonus equity shares, in the proportion of 4:1, i.e., 4 new fully paid-up equity share of Re. 1/- each for every 1 existing fully paid-up equity share of Re. 1/- each, to the eligible members of the Company whose names appeared in the Register of Members /Register of the Beneficial Owners, as on 16 June 2025, the Record Date fixed for this by Capital Market - Live News
