The LIC's move comes after a proposal to introduce composite insurance companies, allowing life insurers to offer hospitalisation and indemnity coverage, pending an amendment to the Insurance Act.
This rally followed the Reserve Bank of India's (RBI) approval of a record Rs 2.11 lakh crore dividend to the government, bolstered by strong buying in blue-chip stocks such as Reliance Industries and HDFC Bank.
Hardwyn India is a leading architectural hardware maker. Its shares are set for sub-division of face value and bonus issuance.
Dividends paid by a domestic company are subject to dividend distribution tax at 15 per cent of the aggregate dividend declared, distributed or paid.
New Delhi: Government collected over Rs 6,96,200 crore revenue under the direct taxes kitty in the just concluded financial year 2014-15, about 14 per cent short of target.Officials said the I-T Department which collects a
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