GE slashes dividend to 10 cents
General Electric announced that it plans to cut its dividend by 68%, to 10 cents from 31 cents, and will save it $9 billion a year.
Shares of General Electric ended the session down 6.5% after the news was announced.

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Fannie Full Year loss at $59B, taps lifeline
Hammered by the ailing housing market, mortgage finance giant Fannie Mae said Thursday it would tap its lifeline from the Treasury Department after reporting $58.7 billion in losses for 2008.
The company, a crucial source of funding for mortgage lenders, said it would draw down $15.2 billion of its [...]

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Merck dividend
Merck Ltd has announced that the Board of Directors of the Company at its meeting held on February 26, 2009, inter alia, have recommended dividend of Rs 17.50/- per equity share of Rs 10/- each.
Record date for this dividend will be announced in next few days.

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Videocon Industries Book Closure for Dividend & AGM
Videocon Industries Ltd has announced dividend of Re. 1/- (Rupee One only) per share for the financial year ended September 30, 2008 for the consideration and the Register of Members & Share Transfer Books of the Company will remain closed from March 17, 2009 to March 30, 2009 [...]

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Financial Technologies – Foreign Currency Convertible Bonds
Financial Technologies India Ltd has announced that the Company has repurchased Zero Coupon Foreign Currency Convertible Bonds (FCCBs) aggregating to US$ 5.50 million at a discount of 37.45% on accreted value as per details mentioned below and shall extinguish the same.
- Number of Convertible Bonds : 5500

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Power Finance Board Interim Dividend
Power Finance Corporation (PFC) Ltd has announced interim dividend at the rate of 26.5% (Rs 2.65/- per share)
Face value of PFC share: Rs 10.

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Morarjee Textiles Ltd has announced that a meeting of the Board of Directors of the Company will be held on February 23, 2009, to consider raising of funds through Rights Issue.

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Tulip Telecom Ltd has announced that in terms of the approval granted by the Board of Directors of the Company on January 19, 2009 to extinguish, restructure, buyback / redemption of FCCBs, the Company, till date, has repurchased the FCCBs aggregating to US$ 30.50 million

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Indian Bank Board Interim Dividend
Indian Bank has announced the Bank at its meeting held on February 20, 2009, has declared an Interim Dividend of 20% i.e. Rs2 Only and proportionate nine months dividend on the Perpetual Non-Cumulative Preference Share Capital at the rate of 8.75% for the financial year 2008-09. The Board has also fixed [...]

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Reliance Infrastructure announces New shares buy-back program of Rs 700 crore (US $ 143 million)
Reliance Infrastructure Ltd has announced fresh program for buyback of shares of Rs 700 crore (US $ 143 million)”
1)The buyback will be made at max price of Rs700/share
2) The company just closed it’s last buyback of shares buying total 876000 shares [...]

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