Business
11 penny stocks surged up to 198% in 6 months. Do you own any?
Eleven penny stocks delivered multibagger returns of up to 198% over the past six months. Screened using a market capitalisation below Rs 1,000 crore, a share price under Rs 20, and a minimum latest trading volume of 5 lakh shares, these low-priced stocks stood out for their strong price momentum despite the high risks typically associated with the segment.
Business
Japan to vow coordination with US on weak yen in historic battle

Japan to vow coordination with US on weak yen in historic battle
Business
Ukrainian drone kills one child, injures two in playground in Russia’s Belgorod region

Ukrainian drone kills one child, injures two in playground in Russia’s Belgorod region
Business
AstraZeneca and Bristol-Myers Squibb in talks over potential merger – Report

AstraZeneca and Bristol-Myers Squibb in talks over potential merger – Report
Business
Idaho mass shooter died from self-inflicted gunshot, police say

Idaho mass shooter died from self-inflicted gunshot, police say
Business
Growth slows in Perth housing market
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Business
AstraZeneca holds talks with Bristol Myers Squibb on $400 billion megadeal, FT reports

AstraZeneca holds talks with Bristol Myers Squibb on $400 billion megadeal, FT reports
Business
These 9 equity mutual funds delivered over 10% returns in July. Did you invest in any of them?
Technology-focused mutual funds dominated the performance charts in July, with nine equity schemes delivering returns of over 10%. HDFC Technology Fund topped the list with a 16.91% gain, while international funds accounted for most of the double-digit losers during the month.
Business
US lawmaker Kaptur injured in car crash, her office says

US lawmaker Kaptur injured in car crash, her office says
Business
RBI special windows seen big enough to bring in $100B
“If the current pace of FCNR(B) inflows, as reflected in the central bank data, continues, we may well see three-digit US dollar billion mobilisation, significantly exceeding the initial estimates of $50-60 billion,” said VRC Reddy, head of treasury, Karur Vysya Bank. “The momentum so far has been a pleasant surprise.”
The Reserve Bank of India (RBI) Saturday said the special programmes between them had mobilised $40.81 billion in foreign exchange inflows up to July 31. Of this, FCNR(B) deposits accounted for $36.72 billion, despite the current programme having been operational only since June 8. The strong response has prompted economists to raise their estimates of the eventual mobilisation under the scheme.
“The cumulative inflows across FCNR(B), ECB and OFCB could reach $90 billion or even higher. Collections so far have been much stronger than expected,” said Gaura Sengupta, chief economist, IDFC First Bank.

She has consequently revised FY27 balance of payments surplus forecasts to $40 billion from $25 billion earlier.
The dedicated facilities, announced by the RBI on June 5 and operationalised on June 8, provide concessional foreign exchange swaps to banks to encourage capital inflows, support the balance of payments, cushion the rupee and contain imported inflation. The FCNR(B) window remains open until September 30, while the ECB and OFCB windows will remain available until December 31.
Robust Flows
“We continue to see up to $75 billion being raised under these concessional schemes, helping fund the current account gap, with a possible balance of payments surplus of nearly $35 billion in FY27,” said Madhavi Arora, chief economist at Emkay Global Financial Services.
Madan Sabnavis, chief economist, Bank of Baroda, estimates the overall mobilisation around $70 billion. “We believe around $70 billion can come through the total window, with $50-60 billion from FCNR(B) alone and another $10 billion from ECB and OFCB, though those flows are likely to pick up only after September,” he said.
Business
Dividends & stock splits: Maruti Suzuki, ICICI Bank among nearly 100 stocks turning ex-date this week. Do you own?
Interested investors need to hold shares of these companies in their demat accounts on the record date to be eligible for the respective corporate actions. The list remains tentative, as more companies may announce record dates for dividends, bonus issues and stock splits during the week.
Here is a day-wise list of corporate actions to watch out for this week.
August 3 (Monday)
Around 12 companies have fixed August 3 (Monday) as the record date for their respective dividends. The most notable name among them is ICICI Bank. The heavyweight private lender has fixed Monday as the record date for its final dividend of Rs 12 per share.
IT player Coforge also has fixed Monday as the record date for its interim dividend of Rs 4 per share, while Emkay Global Financial Services will turn ex-record date for a final dividend of Rs 1.5 per share.
Other stocks that will turn ex-record date on this day include Bannari Amman Spinning Mills (Rs 0.25 per share), Ganesh Infraworld (Rs 0.1 per share), Kakatiya Cement Sugar & Industries (Rs 3 per share), Kanpur Plastipack (Rs 1.2 per share), Khazanchi Jewellers (Rs 0.5 per share), Lakshmi Engineering and Warehousing (Rs 10 per share), Prima Plastics (Rs 2 per share), Sai Silks (Rs 1.5 per share) and Transrail Lightning (Rs 3 per share).August 4 (Tuesday)
Bosch accounts for the highest dividend payout among the stocks turning ex-record date for dividends on Tuesday. The company will pay a dividend of Rs 270 per share to its eligible shareholders.
CONCOR will pay an interim dividend of Rs 1.6 per share, while Alembic Pharma and Balkrishna Industries will pay dividends worth Rs 2.4 per share and Rs 4 per share, respectively. Other stocks turning ex-record date on Tuesday include Andhra Paper (Rs 0.5 per share), CE Info Systems (Rs 3.5 per share), Eveready Industries (Rs 2.5 per share), Greenply Industries (Rs 0.5 per share), Hirect (Rs 1.4 per share), Mysore Petro Chemicals (Rs 2 per share), PCBL Chemical (Rs 4.5 per share), Sonam (Rs 0.3 per share), TCPL Packaging (Rs 25 per share) and The Grob Tea Company (Rs 2 per share).
August 5 (Wednesday)
Disa India accounts for the highest dividend payout among the stocks turning ex-record date for dividends on Wednesday, with a final dividend of Rs 200 per share.
Bayer CropScience and Automotive Axles will pay final dividends of Rs 60 per share and Rs 32 per share, respectively, while Goodyear India will pay a final dividend of Rs 26.5 per share. Gandhi Special Tubes will pay a final dividend of Rs 15 per share, Matrimony.Com will pay Rs 5 per share, Munjal Showa will pay Rs 4.5 per share, Berger Paints India will pay Rs 4 per share, Fermenta Biotech will pay Rs 3.75 per share, and Sika Interplant Systems will pay Rs 3.5 per share.
Other companies turning ex-record date for final dividends on Wednesday include Brigade Enterprises (Rs 2 per share), Indef Manufacturing (Rs 2 per share), Somany Ceramics (Rs 2 per share), Anuh Pharma (Rs 1.5 per share), Indag Rubber (Rs 1.5 per share), Shreyans Industries (Rs 1.5 per share), Mukesh Babu Financial Services (Rs 1.2 per share), TD Power Systems (Rs 1.1 per share), ADF Foods (Rs 0.6 per share), and Oriental Aromatics (Rs 0.5 per share).
In addition, Ajanta Pharma, IRB Infrastructure Developers, and Vedanta Aluminium Metal will turn ex-record date for their respective dividends, while Tembo Global Industries will turn ex-record date for a stock split from Rs 10 to Rs 1 per share.
August 6 (Thursday)
Lumax Industries accounts for the highest dividend payout among the stocks turning ex-record date for dividends on Thursday, with a final dividend of Rs 55 per share.
Rane Holdings will pay a final dividend of Rs 47 per share, while Linde India will pay a combined dividend payout comprising a final dividend of Rs 4 per share and a special dividend of Rs 8 per share. Tasty Bite Eatables will pay a final dividend of Rs 10 per share, Lumax Auto Technologies will pay Rs 5.5 per share, Praj Industries will pay Rs 3.6 per share, and Hercules Investments will pay Rs 2.5 per share.
Other companies turning ex-record date for final dividends on Thursday include Bharat Gears (Rs 1 per share), Investment & Precision Castings (Rs 1 per share), Mindteck (India) (Rs 1 per share), and Bemco Hydraulics (Rs 0.1 per share).
August 7 (Friday)
Maruti Suzuki India accounts for the highest dividend payout among the stocks turning ex-record date for dividends on Friday, with a final dividend of Rs 140 per share.
Chennai Petroleum Corporation will pay a final dividend of Rs 54 per share, while Avanti Feeds, Grasim Industries, Jasch Gauging Technologies, PI Industries, United Breweries, and Venus Remedies will pay dividends of Rs 10 per share each. Sharda Cropchem will pay a final dividend of Rs 9 per share, Ipca Laboratories will pay Rs 6 per share, KEC International and Nava will pay Rs 5.5 per share each, BDH Industries will pay Rs 5 per share, and Lodha Developers will pay Rs 4.25 per share.
Bhagwati Autocast will pay a final dividend of Rs 3.5 per share, while Mukand, Netweb Technologies India, and Quess Corp will pay Rs 3 per share each. Shyam Metalics And Energy will pay Rs 2.7 per share, and Aarvi Encon and Wonderla Holidays will pay Rs 2 per share each.
Arvind Fashions will pay a final dividend of Rs 1.6 per share, while Rubicon Research, Sahyadri Industries, Shri Dinesh Mills, Tube Investments of India, and Varroc Engineering will pay Rs 1.5 per share each. Cholamandalam Financial Holdings will pay Rs 1.3 per share, Aditya Birla Lifestyle Brands and BN Rathi Securities will pay Rs 0.5 per share each, Steelcast will pay an interim dividend of Rs 0.45 per share, Westlife Foodworld will pay an interim dividend of Rs 0.4 per share, and IDFC First Bank, Manba Finance, and Sagility will pay Rs 0.25 per share, Rs 0.25 per share, and Rs 0.1 per share, respectively.
In addition, JOJO Ltd. will turn ex-record date for a stock split from Rs 10 to Rs 5 per share.
Also read | Odyssey of stock market: What investors can learn from the Greek epic hero’s journey back home?
(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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