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Posts published in “Stocks”

Indian numerals: A gold high, GoFirst grounded, record dividends

Mettle detectorPhoto: Arko Datta (Reuters)$27.6 billion: Dividends paid out by India Inc in FY23 Corporate India showered its shareholders with generous returns in the 2023 financial year, Business Standard reported. The total equity dividend paid out by firms increased 38% year-on-year to a record high of $27.6 billion. A big boost came from the dividends

Efficiency drive yields record dividends for Billington

Billingotn supplied the steelwork for the Sandwell Aquatics Centre last yearFinancial results for 2022 posted by Billington Holdings today show £5.8m pre-tax profit, up from £200,000 in 2021. Turnover was up nearly 5% to £86.6m (2021: £82.7m). The 2021 profit was suppressed by a single £1.1m impairment from a client that went out of business

South Korea’s FSC Expands Securities Description To Include Certain Cryptos

Summary: The South Korean watchdog updated what assets are considered securities and clarified the regulations governing such tokens.Regulators said the Capital Markets Act would oversee certain types of cryptos as part of a broader effort to standardize the digital asset ecosystem.Reports say tokens that give dividends or a slice of business profits could fall under…

Shell is more serious about share buybacks than renewables

Shell hit record high profits in 2022. Photo: MAY JAMES (Reuters)Shell’s profits hit a record high of $42.3 billion in 2022—double what it made in 2021, and perhaps the highest profits posted by any British company in history. How Shell spent those profits left little doubt about its priorities: $26 billion went toward dividends and…

Big Oil Reports Record Profits, But There’s A Catch

Big Oil had an outstanding 2022 thanks to booming demand and short supply. The industry’s record-breaking profits fueled higher dividend payments and impressive share buyback plans.  Governments haven’t turned a blind eye, however, with the EU and UK levying windfall profit taxes against the industry.Can Colombia Really Replace Oil And Gas Revenue? Big Oil had…

DCG Subsidiary Genesis Preps Up To File Bankruptcy

You are here: Home/ News/ Fintech/ DCG Subsidiary Genesis Preps Up To File BankruptcyJanuary 19, 2023 by Lipika Deka DCG’s subsidiary Genesis might soon file bankruptcy and is reportedly in talks with creditors, according to a Bloomberg report.The development follows after its parent firm Digital Currency Group [DCG], informed its shareholders of suspending dividends until…

Digital Currency Group halts dividends as Genesis preps bankruptcy filing

Home » Business » Digital Currency Group halts dividends as Genesis preps bankruptcy filing Barry Silbert’s Digital Currency Group (DCG) has suspended its quarterly payments to shareholders as its struggling Genesis Global subsidiary tips ever closer to bankruptcy. On Wednesday, Bloomberg cited sources close to Genesis Global Capital, who said the troubled digital asset lending platform was “laying the groundwork for…