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This is an archive article published on December 25, 1999
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Special dividend from CastrolMUMBAI: The board of directors of Castrol India Ltd has decided to pay a special dividend of Rs 10 per share ...
December 25, 1999 12:00 AM IST
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Special dividend from Castrol
MUMBAI: The board of directors of Castrol India Ltd has decided to pay a special dividend of Rs 10 per share 100 per cent to all shareholders whose names appear in the register of members on February 29, 2000. The payment of this special dividend is in line with the company8217;s strategy to deliver value to shareholders by actively managing its asset base, a company release said here today.
Bank of Punjab to enter insurance
MUMBAI: Bank of Punjab is currently working on a strategic tie-up subject to Reserve Bank of India approval for entering into the insurance sector which is presently in the process of being opened up to the private sector. With this the bank would be offering an array of life and general insurance products to its customers through its extensive branch off-site distribution network.
IIIE award for UB group chairman
MUMBAI: The Indian Institution of Industrial Engineering IIIE has conferred the quot;Outstanding chief executiveawardquot; for 1998-99 to UB group chairman Vijay Mallya for his professional eminence and contribution to industrial engineering and productivity. The National Council of the IIIE has also stated that it has also recognised his contributions to social and economic growth of the country.
Sun Famp;C plans daily dividend option
MUMBAI: The Sun F amp; C Asset Management company is introducing India8217;s first daily dividend option in its Money Value Fund and made available the investors from January 1, 2000. Investors in the daily-dividend option will benefit enormously by saving on the short-term capital gains tax.
CMC, Boshu in marketing tie-up
MUMBAI: Boshu Technics Corporation, a Mumbai-based software house and developer and publisher of software products, has entered into a business arrangement with CMC Ltd, the IT giant and country8217;s foremost IT solutions providers, to actively promote digital document mangement solutions through DigiOffice 2000.
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