Videocon jumps; chairman says mulling dividend
Reuters Market Eye - Shares in Videocon Industries gain 4.3 percent after its chairman and managing director, Venugopal Dhoot, said in an interview with news channel CNBC-TV18 that the company will consider special dividend and bonus shares, dealers say.
The comments come after Oil and Natural Gas Corp and Oil India agreed to buy a 10 percent stake in a Mozambique gas field from Videocon Group for $2.48 billion.
(Reporting by Abhishek Vishnoi)
- Tweet this
- Share this
- Digg this
Wipro posted a 29 percent rise in its fourth-quarter net profit, beating expectations, helped by increased IT spending by its customers. For the quarter ended March 31, the company said it earned 22.27 billion rupees compared with 17.29 billion rupees a year earlier.. Full Article | Full Coverage