Oral care products manufacturer Colgate-Palmolive India has declared an interim dividend of Rs 8 per share for the financial year 2014-15.
The board of the director of the company today approved the third interim dividend for share having a face value of Rs one, the company informed the BSE.
"The said interim dividend will be paid on the paid-up equity share capital of Rs 13.60 crore involving a total pay-out of Rs 130.54 crore (including dividend distribution tax)," Colgate-Palmolive said in a BSE notice.
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Birla Cellulose launches the 'Liva' brand * The Aditya Birla Group today launched Birla Cellulose's Liva brand for women, that will help the company to establish connect with the end consumer.
"The launch of Liva is a defining moment for us as we take another major step forward in the continuing journey of Birla Cellulose towards achieving greater heights of excellence and growing leadership globally," K K Maheshwari, Group Business Director, Fibres and Textiles, and Managing Director, Grasim told reporters here.
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SBM declares 50pc interim dividend
* State Bank of Mysore (SBM), a subsidiary of SBI, today declared an interim dividend of 50 per cent or Rs 5 per share for 2015-16.
The bank has declared an interim dividend at the rate of Rs 5 per equity share of Rs 10 each, State Bank of Mysore said in a statement.
Interim dividend will be paid on April 22, it said.
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Best Foods aims to expand its footprint across 350 cities * Basmati rice firm Best Foods is planning to expand its footprint across 350 cities in the country by the end of next financial year 2015-16.
The company is present in 250 cities mainly at modern retail outlets spread across India. In addition to this, the company has 38 exclusive in Delhi/NCR region.
"Most of the basmati rice processed by us is exported, but now we are also looking to explore the domestic market, where there is demand for packed branded rice. So, by the end of next fiscal we will expand our footprint to 350 cities," Best Foods CEO Aayushman Gupta told reporters.
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Zee launches &TV in Europe
* Media firm Zee Entertainment Enterprises (ZEEL) today announced the launch of its general entertainment channel &TV in Europe.
The channel would be available from April 6, 2015.
"We are certain that with the launch of &TV, we will capitalise on further such opportunities to build a robust entertainment bouquet and march ahead towards achieving the global ambitions set for the company," ZEEL MD & CEO Punit Goenka said.
