Shares of IIFL Finance Ltd, Kddl Ltd, Ksolves India Ltd, Mastek Ltd, Arnold Holdings Ltd, and Dolphin Offshore Enterprises (India) Ltd will be in focus when the stock market opens on Thursday (January 25).
The Board of Directors of these companies have declared an interim dividend, stock split, and shares buyback for the eligible shareholders.
The record date by the 6 companies to ascertain the eligibility of shareholders for their respective issues has been fixed on January 25.
IIFL Finance: The company has declared an interim dividend of ₹4 per equity share of the face value of ₹2 each for the financial year 2023-24.
In a stock exchange filing, IIFL Finance said: “Pursuant to the provisions of Regulation 42 of the SEBI Listing Regulations, the Board has fixed Thursday, January 25, 2024 as record date. The said interim dividend will be paid/dispatched on or before February 15, 2024.”
IIFL Finance shares will trade ex-dividend on Thursday.
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Kddl: The company has declared an interim dividend of ₹58 per equity share. The Board of Directors of KDDL Ltd at its meeting held on January 18 had considered and declared interim dividend of ₹58 per equity share, which amounts to 580% of face value of ₹10 each, for the financial year 2023-24.
Kddl shares will trade ex-dividend on Thursday.
Ksolves India: The company has declared an interim dividend of ₹7.50 per equity share.
In a stock exchange filing, Ksolves India said: “We would like to inform you that the Board of Directors of the Company at its meeting held today i.e., Thursday, January 18, 2024, inter-alia considered and declared 2nd interim dividend of Rs.7.50/- per share for financial year 2023-24 on its fully paid-up Equity share Capital of the Company.”
Shares of Ksolves India will trade ex-dividend on Thursday.
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Mastek: The company has declared an interim dividend of ₹7 per equity share for the financial year 2023-24. On Wednesday, Mastek shares ended 0.40% higher at ₹2,684.45 apiece on the BSE.
Shares of Mastek will trade ex-dividend on Thursday.
Arnold Holdings: The company has declared buy back of up to 63 lakh fully paid-up equity shares.
The company’s board had approved to buyback up to 63,00,000 fully paid-up equity shares of face value of ₹10 each at ₹21 per equity share for an aggregate amount of ₹13.23 crore.
Arnold Holdings shares will trade ex-buyback on Thursday.
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Dolphin Offshore Enterprises (India): The company has declared stock split from ₹10 per equity share to ₹1 per equity share. The record date for the share split has been fixed on Thursday, January 25.
Under the scheme, shareholders will get 10 equity shares of face value Re 1 each for every one Dolphin Offshore Enterprises share they hold of face value ₹10 each.
Shares of Dolphin Offshore Enterprises (India) will trade ex-split today.
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Published: 25 Jan 2024, 06:33 AM IST
Egypt’s Finance Minister Mohamed Maait announced the successful delivery of over 28,000 new, eco-friendly cars under a presidential initiative to replace older vehicles.
Despite economic challenges including supply chain disruptions and inflation, the initiative has provided beneficiaries with current-year models at below-market prices and with 7 or 10-year installment plans.
Launched in March 2021, the initiative allows recipients to replace vehicles that are 20 years or older.
The government has demonstrated its commitment to promoting eco-friendly transportation by allocating EGP 718m in green incentives for these cars. Participants also benefit from a 3% flat annual interest rate, reduced insurance costs, and a complimentary EGP 100,000 personal accident insurance policy for the driver.
The initiative has expanded to numerous governorates, including Cairo, Giza, and Alexandria, reflecting the government’s goal of broadening the program’s reach and promoting green transportation nationwide. This effort aligns with fostering a green transition, increasing the prevalence of eco-friendly vehicles, and localizing the automotive industry.
The Minister emphasized ongoing efforts to develop Egypt’s automotive sector, with the aim of establishing the country as a regional hub for car manufacturing and export.
The government envisions a future where electric vehicles gradually replace traditional cars, contributing to the expansion of clean energy, reducing reliance on petroleum products, and easing the financial burden on citizens.
Congratulations to recent college graduates. Many graduates have already landed a job. Others may still be looking for an offer or waiting until summer’s end before job hunting. Whatever path you’re on, once you’re earning an income it’s critical to establish a solid financial foundation.
That’s always been true. But the changing nature of work — likely defined by multiple jobs and fluid careers — increases the need for embracing sound personal finance.
Three quick points. First, you’ll make mistakes with money. Everyone does. That’s how we learn. Second, keep your money management simple. Life is busy enough without falling into financial complexity. Finally, doing well with money isn’t rocket science. Good money management mostly involves developing a few good spending and savings habits. Here are several suggestions:
Concentrate on your career. Your most important financial investment is in your career(s). The big return on investment comes from the income you earn from your knowledge. Plan on continuously investing in your skills.
Create a budget. A budget lets you know where your money is going, and where you might want to make some adjustments. The information is vital.
Start saving with your first paycheck. This is true even if it’s a miniscule amount (which is likely). Put your savings on autopilot and adjust the sum upward when your pay increases. Savings is both your emergency fund and your opportunity fund.
Embrace frugality. There is a wide range of frugal behaviors, and you should find the thrifty habits that work for you. The frugal path means being cautious with debt. Frugality leads to greater freedom of choice. (Most college graduates owe on their student loans; research your repayment options and pick the best choice for your circumstances.)
Start the habit of giving money away. The thoughtfulness that comes from deciding where to give money creates strong connections to our community. The act of giving is a powerful reminder of what matters.
Invest in your financial education. There is no shortage of good resources, ranging from your employer to community organizations that promote financial literacy. Looking over my bookshelves, I’d highlight “Get a Financial Life: Personal Finance in Your Twenties and Thirties” by Beth Kobliner.
That’s enough to get started. Good luck on the next stage of life!
Chris Farrell is senior economics contributor, “Marketplace”; commentator, Minnesota Public Radio.
MOUNT VERNON, Ill. — The Mount Vernon Township High School finance committee and school board will meet Monday, June 24. The finance committee will meet at 5:30 p.m. and the board will meet at 6 p.m.
The finance committee meeting agenda is as follows:
Mt. Vernon Township High School
FINANCE COMMITTEE MEETING
Monday, June 24, 2024
5:30 p.m.
The agenda for the board meeting is attached:
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