Colgate to pay 22.5%
Mumbai, Nov. 15: Colgate India Ltd has declared a 22.5 per cent interim dividend (Rs 2.25 per share) for 2002-03 amounting to an outgo of Rs 30.6 crore. The board approved the proposal for interim dividend, which would be paid to shareholders whose name appears on the record date of December 10, 2002, the company said in a release here today. The company paid a total 42.5 per cent dividend for 2001-02.
Mumbai, Nov. 15: The Reserve Bank of India today decided to permit FIIs to hedge their entire exposure in India in equities at a particular point of time without any reference to the cut-off data. The condition that forward contracts once cancelled shall not be rebooked would continue. Meanwhile, it has allowed importers to make advance remittance up to $ 1,00,000 without prior approval from the apex bank.
New Delhi, Nov. 15: With cellular operators raising objections on BSNLís cellular tariffs, Trai today clarified that introductory tariffs permitted to the state-owned corporation was in line with similar approvals given in case of other operators.
Mumbai, Nov. 15: Sebi has barred Baroda Agro Industries Ltd (BAIL) from accessing capital market for three years and restrained its directors including N. K. Patel from dealing in securities for same period from today for manipulating BAIL scrip.