Business
Target overhauls baby shop to compete with Walmart, Amazon
CLIFTON, New Jersey — Along with aisles of diapers and colorful onesies, Target shoppers in some of the retailer’s big-box stores can now find baby brands typically carried by specialty boutiques.
Shoppers can see, feel and test strollers, car seats and high chairs outside of cardboard boxes at about 200 stores, or roughly 10% of the retailer’s footprint. They can find merchandise from high-end brands, including a $1,000 UPPAbaby stroller. And customers can browse nearly 2,000 new baby items, which are available across all of the retailer’s stores and online.
Target’s “baby boutiques,” which have rolled out over the past two months, are just one piece of a broader push to refresh stores and woo a crucial customer base: busy families, who have increasingly turned to rivals like Walmart.
Whether Target makes progress with those shoppers will help determine whether CEO Michael Fiddelke, who stepped into the company’s top role in early February, can follow through on his pledge to end the company’s three-year sales slump. The retailer is scheduled to report its first-quarter earnings on May 20, its first three-month period under the new CEO.
Target has rolled out “baby boutiques” to about 200 stores where customers can touch, feel and test items like car seats and strollers. It’s also added premium brands like UPPAbaby and Stokke.
Melissa Repko | CNBC
In an interview with CNBC, Chief Merchandising Officer Cara Sylvester said families with children ages 5 and under spend two times as much, and families with children across age groups visit stores twice as much as the average Target shopper.
She said Target recognized it had a large share of sales from young families when it took a hard look at its business after Fiddelke got tapped to lead its turnaround efforts. She said the realization inspired Target to lean more into that competitive edge.
“We see an incredible opportunity at Target to really deepen our relationships with busy families and become their first choice for even more of life’s everyday needs,” Sylvester said.
That strategy, which hinges in part on improving the quality of its offerings, stepping up its store experience, and expanding convenient options like same-day pickup and delivery, is critical to boosting sales and fending off Walmart and Amazon.
The big-box retailer said in March that it expects to return to annual sales growth this year. It said it anticipates net sales will rise about 2% year over year and will grow in every quarter of the year compared with the year-ago periods.
While customer traffic across Target’s stores and website has dropped for the past four quarters in a row, there are some promising signs that store traffic is growing again, according to Placer.ai, an analytics firm that uses anonymized data from mobile devices to estimate visits to locations.
Even so, Target faces challenges to its turnaround plan. Among them, it must overcome stiffer competition from rivals, a fresh threat of a boycott from a major teachers’ union as it heads into back-to-school season and the risk of higher gas prices dampening consumer spending.
Those rising gas prices could exacerbate the “K-shaped economy,” the widening gap in spending between lower- and higher-income Americans, said Simeon Gutman, a Morgan Stanley retail analyst. At retail competitor Walmart, gains among wealthier households have helped offset losses of sales among cash-strapped customers, he said.
“I don’t think Target is in as good a position as others in that regard,” he said.
Still, he said he’s encouraged by changes Target has made to sharpen its stores and refresh merchandise categories and believes that will drive more customer traffic.
Target already sells a lot of baby items, including diapers and clothing. Yet it’s trying to freshen its baby department to attract more sales from busy families.
Melissa Repko | CNBC
Why Target is refreshing the baby section
Target’s revamp of the baby department, its largest investment in that category in more than a decade, may surprise some who have checked the U.S.’ latest birth rate.
Births in the U.S. have tumbled from a peak of 4.32 million in 2007 to 3.61 million in 2025, according to preliminary data from the Centers for Disease Control and Prevention’s National Center for Health Statistics. That represents a roughly 16% drop over the past 18 years, which researchers have attributed to a variety of factors including a decline in teen pregnancies and a rise in women delaying having children until later in life.
Sylvester, however, said even with the lower birth rate, Target needed to shake up the way it appeals to families, beginning with the baby aisles. She said Target’s research shows that when consumers become parents, they tend to consolidate the number of places where they shop because they have less time. That means if Target can win those customers, it can sell not only more diapers and wipes, but also more groceries and clothing, she said.
Sylvester added Target is prioritizing the baby department because it’s a way to earn trust with first-time parents who have a large lifetime value across all of the retailer’s categories.
Target is the third-largest retailer in the U.S. for the baby sector in terms of market share, but has lost ground with competitors in recent years, according to market researcher Numerator. The firm includes baby gear such as strollers, diapers, formula and baby food in its category definition, but excludes baby apparel.
Walmart captured the largest share with 27% of the category, followed by Amazon with 24.4% and Target with 17.6% in the 12-month period that ran through the end of February, the most recent data available.
However, Target has declined from 18.6% market share in the past two years, compared with Walmart, which has seen its market share grow from 25.4%. Amazon’s market share has remained roughly flat, according to Numerator.
Target declined to say how much it is spending to turn some of its baby departments into boutiques, but the retailer has increased investments to help drive its turnaround. The company said in March that it will spend about $5 billion on capital expenditures this fiscal year, an increase of more than $1 billion from last fiscal year. The funds will go toward store openings and remodels.
Sylvester said Target plans to add baby boutiques to more stores, but said it hasn’t yet decided the timetable.
By the retailer’s own admission, Target has lost the loyalty of some families. At an investor presentation at Target’s headquarters in early March, Sylvester delivered a blunt assessment.
“Our performance over the last few years has not met expectations. And that is on us,” she said. “We lost the clarity and the discipline that make Target a place loved by busy families.”
It is unclear how much of the decline in store and website traffic has specifically come from families, but Morgan Stanley’s Gutman said he sees the baby category as “inextricably linked to Target’s success” because it is an “on-ramp to greater sales and then to multiple years of higher wallet share.”
“It’s one of these categories where I think they have a right to win, and they ought to,” he said.
What the baby boutiques look like
In Target’s “baby boutiques,” more items are displayed outside of the cardboard box.
Melissa Repko | CNBC
Target’s baby boutiques go a step further than its previous offerings, Sylvester said. She said the baby department now feels more like a curated shop to try to simplify a dizzying decision process. Target added popular premium brands, including UPPAbaby, Stokke, Bugaboo and Doona. And it’s bulked up the items from its own baby brand, Cloud Island, which includes clothing, bibs and crib sheets, among other items.
At Target’s baby boutiques, customers can also now push, fold and lift items like strollers before they make a big purchase — an in-store experience that’s become rare because of the closure of specialty baby retailers. Buybuy Baby and Babies R Us shuttered their doors after bankruptcies, though Babies R Us has returned as a pop-up shop in some Kohl’s stores.
The retailer is also piloting a baby concierge service through Tot Squad, which offers free guidance to shoppers who are comparing products or putting together a baby registry. It is offered in person at the baby boutiques and online.
Secondhand markets, such as Facebook marketplace, are a competitive threat to all retailers, too, since families can find high-end brands at deep discount. Yet those markets can also justify a big purchase since well-known brands still have value a year or two later.
Some of the new baby brands carried by Target come with higher price tags, including an UPPAbaby stroller for about $1,000.
Melissa Repko | CNBC
WildBird, a brand that makes baby carriers, debuted on Target’s shelves in March. It marked the direct-to-consumer company’s first major foray into brick and mortar, co-founder and CEO Nate Gunn said.
With the rise of social media, many more brands have launched and grown. Yet he said that’s led to confusion and overwhelm, particularly in the baby category.
“Customers are more frustrated to shop, though it’s easier than ever,” he said. “The fatigue is ‘What do I buy?’ And that whole idea is compounded in the baby scene because parents are buying hundreds of products in the span of a few months.”
Compared with other parts of Target, the chain’s baby aisles “feel stale” and “a bit commoditized,” said Gunn, who is a father of three and has shopped in the big-box retailer’s baby section.
With the baby boutiques, Target may be able to better connect with the many parents who come to stores, grab a Starbucks coffee and stroll around with their toddler or baby, he said.
“I would like to see Target lean into what differentiates them from a Walmart,” he said. “Walmart, I’m going in there and looking for the best price possible. Target, I am looking for a more premium experience, but still accessible.”
Earnings call transcript: Rubis Q1 2026 sees robust growth, stock dips
Earnings call transcript: IPC’s Q1 2026 results show solid performance
Equity mutual funds saw a strong performance last week, with over 8% returns for the category. Among the top performers, international funds like Mirae Asset Global X Artificial Intelligence & Technology ETF FoF led the pack with an 8.49% gain.
Weyerhaeuser Q1 2026 slides: EBITDA surges on climate deal
Operator
Good day, and thank you for standing by. Welcome to the Alarm.com First Quarter 2026 Earnings Conference Call. [Operator Instructions] Please be advised today’s conference is being recorded. I would now like to hand the conference over to your speaker today, Matthew Zartman. Please go ahead.
Matthew Zartman
Vice President of Strategic Communications & Investor Relations
Thank you. Good afternoon, everyone, and welcome to Alarm.com’s First Quarter 2026 Earnings Conference Call. Please note that this call is being recorded. Joining us today are Steve Trundle, our CEO; and Kevin Bradley, our CFO.
During today’s call, we will be making forward-looking statements, which are predictions, projections, estimates and other statements about future events. These statements are based on current expectations and assumptions that are subject to and uncertainties that may cause actual results to differ materially from our current expectations. We refer you to the risk factors discussed in our Form 8-K and the associated press release, which were filed with the SEC earlier today. The call is subject to these risk factors, and we encourage you to review them.
Alarm.com assumes no obligation to update forward-looking statements or other information that speak as of their respective dates. In addition, several non-GAAP financial measures will be discussed on the call. A reconciliation of GAAP to non-GAAP measures can be found in today’s press release on our
Rupak De, Senior Technical Analyst at LKP Securities, said the mood has further deteriorated as the index also moved below the 50-day EMA on the intraday timeframe. In addition, the RSI has re-entered a bearish crossover on the daily chart, reflecting weakening momentum, he said.
“Overall, the sentiment appears weak, with heavy call writing visible around the 24,200 strike. If the Nifty sustains below 24,200 on Monday, the index could witness further correction towards the 24,050–24,000 zone. On the other hand, a move back above 24,200 may trigger a near-term recovery rally towards 24,350–24,400,” De said.
Here are the 2 stocks to buy:
Buy Coforge at Rs 1,368 | Upside: 7% | Stop Loss: Rs 1,320 | Target: Rs 1,420-1,460
Coforge Limited has witnessed a strong rebound from lower levels and recently given a breakout above the crucial Rs 1,330–1,350 resistance zone, supported by strong volumes. The stock is trading above short-term EMAs, while RSI has moved above 65, indicating improving bullish momentum. The breakout also signals a possible trend reversal after a prolonged corrective phase. A buy at CMP (Rs 1,365–1,370) can be considered with a stop loss near Rs 1,320. On the upside, the stock may head towards Rs 1,420–1,460 in the near term. Sustaining above Rs 1,330 will be important for the continuation of the positive momentum.
(Virat Jagad, Sr. Technical Research Analyst, at Bonanza Portfolio)
Buy NBCC (India) at Rs 101 | Upside: 7% | Stop Loss: Rs 97-98 | Target: Rs 104-108
NBCC (India) Limited is showing signs of a strong recovery after a prolonged correction, with the stock reclaiming all major EMAs and giving a breakout above the Rs 98–100 resistance zone. Rising volumes and RSI near 70 indicate strengthening bullish momentum. The stock has formed a higher high–higher low structure, suggesting continuation of the uptrend. A buy at CMP (Rs 100–101) can be considered with a stop loss near Rs 97–98. On the upside, the stock may head towards Rs 104–108 in the short term. Sustaining above the breakout zone of Rs 98 will remain crucial for maintaining the positive bias.
(Virat Jagad, Sr. Technical Research Analyst, at Bonanza Portfolio)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Chart Industries earnings up next as estimates slide
CLEVELAND — KeyBank customers across the United States encountered significant disruptions Saturday as the regional bank’s online banking platform and mobile app experienced a widespread outage, preventing many from accessing accounts, making transfers or completing routine transactions on a busy weekend. While core branch and ATM services remained operational, the digital banking failure frustrated thousands of users who reported login errors, frozen screens and failed fund transfers throughout the day.
Downdetector and other outage tracking sites showed a sharp spike in user reports beginning early Saturday morning, with the majority of complaints centered on the mobile app and online banking portal. As of Saturday evening, many services had partially recovered, but intermittent issues persisted for some customers, according to real-time monitoring data. KeyBank has not issued a detailed public explanation but confirmed it is actively working to restore full functionality.
A KeyBank spokesperson said in a statement: “We are aware of the technical issues impacting our digital banking services and apologize for any inconvenience. Our teams are working urgently to resolve the matter and restore normal access as quickly as possible.” The bank encouraged customers to use branch locations, ATMs or the automated phone system for urgent needs during the disruption.
The outage comes at an inconvenient time for many customers, with Mother’s Day weekend shopping, bill payments and travel-related transactions peaking. Social media platforms filled with complaints, memes and expressions of frustration from users unable to check balances or send payments. Some reported being locked out entirely, while others could log in but faced delays or error messages when attempting transfers or deposits.
Scope of the Disruption
Reports indicate the problems primarily affected online banking and the mobile app, with users unable to view account balances, pay bills, transfer funds or deposit checks remotely. ATM and in-branch services continued without major interruptions, though some customers noted longer-than-usual wait times at branches as people sought alternatives to digital channels. International wire transfers and certain business banking features were also impacted for a period.
KeyBank serves millions of customers primarily in the Northeast and Midwest, with a strong presence in Ohio, New York, Pennsylvania and other states. The outage appeared nationwide rather than regionally concentrated, suggesting a central system or cloud-related issue rather than a localized problem.
This is not the first time KeyBank has faced digital banking challenges. Similar, though shorter, disruptions occurred earlier in 2026, prompting the bank to invest in infrastructure upgrades. Industry analysts suggest that rapid growth in digital banking usage, combined with increasing cybersecurity threats, has strained legacy systems at several regional banks.
Customer Impact and Frustration
Many customers took to social media to voice their dissatisfaction. “Been trying to pay my rent for two hours — KeyBank app is completely down,” one user posted. Others expressed concern about time-sensitive payments, including mortgages, utilities and payroll deposits. Small business owners reported particular difficulty managing cash flow during the outage.
KeyBank’s customer service lines experienced longer hold times as callers sought assistance. The bank activated additional support staff and encouraged use of its automated systems where possible. Some users reported success using the website via desktop browsers when the app remained unresponsive.
Financial experts advise customers facing urgent needs to visit a physical branch with proper identification or use alternative payment methods such as cash, checks or services from other institutions if available. Once systems are fully restored, users should review account activity carefully for any delayed transactions.
Possible Causes and Technical Context
While KeyBank has not confirmed the root cause, industry observers point to several common triggers for such outages: scheduled maintenance gone wrong, cloud service provider issues, cybersecurity incidents or unexpected spikes in traffic. The timing on a Saturday — typically a lower-volume day — suggests it may have been related to backend maintenance or a third-party service failure.
Regional banks like KeyBank often rely on a mix of in-house systems and external vendors for digital platforms, increasing vulnerability to cascading failures. The increasing sophistication of cyber threats has also forced banks to implement frequent updates and patches, sometimes leading to unintended disruptions.
The Consumer Financial Protection Bureau and state banking regulators monitor such incidents closely. While isolated outages are common in the industry, repeated or prolonged disruptions can trigger greater scrutiny and potential fines if customer harm is demonstrated.
KeyBank’s Response and Recovery Efforts
The bank has prioritized restoring mobile app functionality first, given its popularity among younger and on-the-go customers. Technical teams are conducting system-wide checks to prevent recurrence. Customers affected by delayed transactions or fees incurred due to the outage are encouraged to contact support for potential reimbursement once services normalize.
KeyBank has a history of transparent communication during technology issues and typically offers goodwill gestures such as waived fees for impacted customers. An official post-incident review is expected in the coming days.
Broader Implications for Digital Banking
This outage highlights the growing reliance on digital banking and the vulnerabilities that come with it. As more consumers shift away from branches, even brief disruptions can cause significant inconvenience. Banks across the country continue investing billions in cybersecurity, cloud infrastructure and redundant systems to minimize future risks.
For KeyBank specifically, the incident may accelerate plans for platform modernization. The bank has been expanding its digital offerings in recent years to compete with larger national players and fintech disruptors. Maintaining trust through reliable service remains critical in a competitive market.
Customers are advised to keep multiple access methods available — including desktop websites, mobile apps and phone banking — and to maintain up-to-date contact information with the bank. Setting up alerts for account activity can also help catch any delayed transactions quickly.
As services continue to recover Saturday evening, KeyBank urged patience and thanked customers for their understanding. Full restoration is expected within hours, though some residual delays in transaction processing may linger into Sunday.
The incident serves as a reminder of both the convenience and fragility of modern digital banking. While KeyBank works to resolve the current issues, customers and the broader industry will be watching closely to see how quickly and effectively the bank rebounds from this disruption.
Business
Sensex to hit 3 lakh by 2036? Raamdeo Agrawal says India is the ‘Ferrari’ among markets, here’s why
Speaking at Groww India Investor Festival 2026, the market veteran said that decades of compounding, rising financialisation and structural growth trends have built the strong foundation of the Indian market. “I have seen Sensex go from 100 to 80,000 in 40 years. For me to believe the journey will be any different over the next 40 years, there is no argument for that,” Agrawal said.
Markets in South Korea and Japan have recently seen sharp surges to record highs, while Dalal Street delivered comparatively muted returns. Many analysts highlighted that the strong earnings growth by several of these markets, thanks to the AI boom, is attracting FPI flows into those markets. Agrawal, however, reaffirmed that India’s long-term structural trajectory remains unmatched, while acknowledging that some regions are currently benefiting from an AI-led earnings cycle.
Drawing a comparison between India’s Sensex and South Korea’s KOSPI, both launched in January 1980, Agrawal pointed out that while the Korean benchmark index is at around 5,000 points today, the Sensex has climbed past 80,000. “Form may be temporary, but class is permanent. India is the way to go,” he said at the event.
The market expert highlighted that India’s market capitalisation has compounded at nearly 14% annually in dollar terms over the last two decades, compared with around 7% for the US market. “Every five to six years, you double. That is the pace,” he added.
Why India creates more multibaggers
The MOFSL Chairman said his investing philosophy has always focused on finding businesses operating in fast-growing industries within fast-growing economies. Referring to an internal study inspired by Thomas Phelps’ book ‘100 to 1 in the Stock Market’, Agrawal noted that nearly 20% of companies in the NSE 500 delivered over 25% annualised returns for a decade — effectively becoming 10-baggers. The comparable figure in the S&P 500, he said, stood at just around 7%.
“Multi-bagging happens where growth is fastest. You get the maximum multi-baggers in the country which is growing fastest and in the industry which is growing fastest,” he said. Vision, courage and patience are the three things that act as the formula for identifying outsized winners, according to the market veteran. “Whenever you are hitting a big one, you are mostly alone. You need conviction to stay with it,” he added.
Investors often underestimate how compounding works over long periods, Agrawal said, adding that in a stock that delivers 100x returns over two decades, a disproportionate amount of wealth creation typically happens in the final few years. “You sit through 19 years because most of the compounding comes in the 19th and 20th year,” he said.
The Bharti Airtel bet that shaped his investing career
Raamdeo Agrawal reminisced about his early investment in Bharti Airtel. In 2003, after studying the economics of network businesses and speaking with Sunil Bharti Mittal, the market expert became convinced that India’s mobile revolution would create enormous value.
At the time, India had only around 50 million fixed-line phones for a population of more than one billion. Agrawal estimated Bharti Airtel could generate Rs 27,000–28,000 crore in profits over the following five years, even though its market capitalisation was only around Rs 5,000 crore.
He bought Bharti Airtel’s shares at around Rs 19–30 apiece, despite scepticism from peers and friends. “I was alone all the way through,” he recalled. While he sold some shares early under pressure, he held on to a significant portion as the stock multiplied several times over. His final exit came years later at around Rs 650, translating into roughly a 25-fold return.
The next generation of winners
Agrawal pointed out that India’s expanding capital markets ecosystem can create the next wave of multi-baggers. “We are adding nearly 3 million new customers every month…We already have more than 220 million demat accounts. By 2031–32, we could reach 500–600 million,” he said.
Rising retail participation will create opportunities across brokers, exchanges, asset managers, wealth platforms and depositories, he said, admitting to missing out on the sharp rally in BSE despite understanding the sector deeply.
“The stock went up almost 50 times, and I did not make a single paisa,” he said with a laugh.
Today’s quick commerce momentum is similar to Bharti Airtel in 2003
Agrawal drew parallels between India’s quick commerce industry and the early days of telecom. He said the firms operating in the segment are still in the heavy cash-burn phase, but the underlying network effects could eventually create very large businesses.
“This is a Bharti moment,” he said, referring to the potential scale of India’s quick commerce opportunity. He cited comments from global retail executives, including leadership at Walmart, describing India’s quick commerce ecosystem as a glimpse into the future of retail.
What Raamdeo Agrawal avoids completely
Despite his appetite for growth, Agrawal said that he maintains strict filters while evaluating businesses. He avoids companies generating return on equity below 20% and pays close attention to receivables cycles as an indicator of business quality.
“If return on equity is 9 or 10%, I do not even want to enter the meeting,” he said, adding that management quality remains his biggest filter. “They will go to hell and take you along,” he said, referring to promoters with compromised governance standards.
Agrawal also stressed the importance of visiting factories and observing operations first-hand instead of relying solely on management presentations.
Sensex at 3 lakh by 2036?
Agrawal remained bullish on India’s long-term macroeconomic trajectory, projecting that per capita income could double over the next six to seven years. The market veteran expects Sensex to touch 1.5 lakh by 2030 and potentially 3 lakh by 2036, driven by sustained earnings growth and rising participation in financial assets. “Three lakh in 12 years is more guaranteed than one-and-a-half lakh in six years,” he said. “That is how compounding works,” he said at the event.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
Bonus issues, stock splits & dividends: SBI among 18 stocks turning ex-date this week. Do you own any?
Kothari Petrochemicals – Dividend
Kothari Petrochemicals has set May 11 (Monday) as the record date to determine shareholder eligibility for its interim dividend of Rs 1 per share (10%) with a face value of Rs 10 each. The dividend will be paid on or before June 3.
Manappuram Finance – Dividend
Manappuram Finance has set May 11 (Monday) as the record date to determine shareholder eligibility for its interim dividend of Rs 0.50 per share (25%) with a face value of Rs 2 each.
PAE – Dividend
PAE, whose core activity includes marketing and distributing automotive components, has set May 11 (Monday) as the record date to determine shareholder eligibility for its interim dividend of Rs 0.20 per share with a face value of Rs 10 each. Notably, the stock will also turn ex-record date for its 6:1 bonus issue on May 25.
Aptus Pharma – Bonus issue
Aptus Pharma has set May 12 (Tuesday) as the record date for its 3:2 bonus issue. This means that the shareholders who own the shares of the company as on the record date will get 3 bonus shares for every two shares held.
Godrej Consumer Products – Dividend
FMCG-major Godrej Consumer Products has fixed May 12 (Tuesday) as the record date to determine the eligibility of shareholders to receive its interim dividend of Rs 5 per share (500%) with a face value of Rs 1 each. The dividend will be paid on or before June 4.
NRB Bearings – Dividend
Needle roller bearing manufacturer NRB Bearings has fixed May 13 (Wednesday) as the record date to determine the eligibility of shareholders to receive its interim dividend of Rs 2.25 per share (112.5%) with a face value of Rs 1 each.
Brookfield India Real Estate Trust REIT – Dividend
Brookfield India Real Estate Trust REIT has fixed May 14 (Thursday) as the record date to determine the eligibility of shareholders set to receive its prospective dividend, which will be considered and approved by its board of directors during its meeting on Monday.
Oberoi Realty – Dividend
Oberoi Realty has fixed May 14 (Thursday) as the record date to determine the eligibility of shareholders to receive its fourth interim dividend of Rs 2 per share (20%) with a face value of Rs 10 each. The dividend will be paid on or before May 22.
Anand Rathi Wealth – Dividend
Anand Rathi Wealth has fixed May 15 (Friday) as the record date to determine the eligibility of shareholders to receive its interim dividend of Rs 7 per share.
Aptus Value Housing Finance India – Dividend
Aptus Value Housing Finance India has fixed May 15 (Friday) as the record date to determine the eligibility of shareholders to receive its second interim dividend of Rs 2.50 per share (125%) with a face value of Rs 2 each.
Biogen Pharmachem Industries – Bonus issue
Biogen Pharmachem Industries has fixed May 15 (Friday) as the record date to determine the eligibility of shareholders for its 1:6 bonus issue. The company had announced in April that it will issue “1 new equity shares of Rs.1 each for every 6 existing equity shares of Rs.1 each fully paid up”.
Dev Labtech Venture – Bonus issue, stock split
Dev Labtech Venture has set May 15 (Friday) as the record date for 1:1 bonus issue and 1:2 stock split. As part of the bonus issue, eligible shareholders will get one bonus share for every share held in the company as on the record date. As part of the stock split, each share of the company will be split into two shares.
Gopal Snacks – Dividend
Gopal Snacks has fixed May 16 (Saturday) as the record date to determine the eligibility of shareholders to receive its prospective third interim dividend which may be considered and approved by its board of directors during its meeting scheduled on Tuesday. As the record day falls on a weekend when markets are closed, May 15 will be the effective record date.
HBG Hotels – Dividend
HBG Hotels has fixed May 15 (Friday) as the record date to determine the eligibility of shareholders to receive its interim dividend of Rs 0.15 per share (1.5%).
IEX – Dividend
Indian Energy Exchange (IEX) has fixed May 15 (Friday) as the record date to determine the eligibility of shareholders to receive its final dividend of Rs 2 per share with a face value of Rs 1 each.
Kennametal India
Kennametal India has fixed May 15 (Friday) as the record date to determine the eligibility of shareholders to receive its interim dividend of Rs 40 per share (400%).
Nexus Select Trust
Nexus Select Trust has fixed May 15 (Friday) as the record date to determine the eligibility of shareholders to receive its prospective dividend that its board may consider and approve during its upcoming meeting this week.
State Bank of India
State Bank of India (SBI) declared a dividend of Rs 17.35 per equity share for the financial year ended March 31, 2026. The bank has fixed May 16 (Saturday) as the record date for determining the eligibility of shareholders entitled to receive the dividend. As the record date falls on a weekend when markets are closed, May 15 will be the effective record date. The dividend payment is scheduled to be made on June 4, 2026, the bank said in a regulatory filing on Friday.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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