Optimum mining technology is the need of the hour: Coal Minister (See 'Corp Brief') SEBI Act - Assisting clients in performing reversal of trades is violation of Code of Conduct for Stock Brokers : SEBI (See 'Legal Desk') IBC - Conduct of Mr. Srigopal Choudhary of not providing requisite information/document evidences deliberate and wilful non-cooperation with Inspecting Authority : IBBI (See 'Legal Desk') PMLA - Before commencement of trial accused is not entitled for supply of documents which have been allegedly seized by Directorate of Enforcement : HC (See 'Legal Desk') MOIL to target double digit production growth in FY'24 (See 'Corp Brief') IBC - Application filed u/s 9 of IBC can be admitted as Operational Creditor has successfully demonstrated and proved debt and default : NCLT (See 'Legal Desk') Trade Marks Act - Use of identical trademarks, in relation to identical goods, while catering to same end-use consumers lead to trade mark infringement : HC (See 'Legal Desk') SARFAESI - Appeal / application u/s 17 can be filed only before DRT within whose jurisdiction secured asset against which action is taken is situated and in no other DRT: HC (See 'Legal Desk') CCI approves acquisition of shares of Acko Technology by Multiples Private Equity Funds (See 'Corp Brief') PMLA - Since petitioner has already availed of appellate remedy, it is appropriate to relegate both Petitioners to pursue their appellate remedies before Appellate Tribunal, under PMLA : HC (See 'Legal Desk') Oil India logs net profit of Rs 6810 Cr (See 'Corp Brief') PMLA - Petitioner who claims to be beneficial interest in property ought to approach Appellate Tribunal u/s 26 of Act : HC (See 'Legal Desk') IBC - Application filed u/s 9 of IBC can be admitted as Operational Creditor has successfully demonstrated and proved debt and default : NCLT (See 'Legal Desk') India striving to eliminate TB by 2025: Dr Mandaviya (See 'Corp Brief') MPLRC - Predecessor in title of respondents was granted bhoomiswami rights prior to 1980, therefore bar u/s 165(7-b) of MPLRC, is not be applicable : HC (See 'Legal Desk') Innovate to make India a 'leader' from an 'imitator' in futuristic technologies: Raksha Mantri (See 'Corp Brief') Trade Marks - Till time case is decided on merits, interim order to safeguard interest of both parties can be passed : HC (See 'Legal Desk') India to soon acquire its fastest Supercomputer by next March: Rijiju (See 'Corp Brief')

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Raksha Mantri receives Rs. 224 Cr as dividend from BEL

Published: Mar 28, 2023

By TIOLCorplaws News Service

NEW DELHI, MAR 28, 2023: BHARAT Electronics Ltd (BEL), a Navratna Defence PSU, presented the second interim dividend cheque of Rs. 224,27,53,160.40/- to Raksha Mantri Rajnath Singh in New Delhi today on March 27, 2023. BEL has declared 60% percent as Second Interim Dividend (Rs. 0.60/- per share) to its shareholders for the financial year 2022 - 23.

This is the 20th consecutive year that BEL is paying Interim Dividend. BEL has paid 60% percent as First Interim Dividend (Rs. 0.60/- per share) in February 2023 to its shareholders for the financial year 2022 - 23. It has also paid a total dividend of 450% on its paid-up capital for the financial year 2021 - 22.

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