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May 26: The company confirmed it had used its cash reserve to finance the bond repurchase. The transaction had reduced the fund to $871 million. The buyback reduced that reserve to roughly six months of STRC dividend coverage. The company had previously said the plan was to maintain about 24 months of dividend coverage. STRC…
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File photo: TMC leader Sovandeb Chattopadhyay (PTI Photo) NEW DELHI: Senior Trinamool Congress (TMC) MLA Sovandeb Chattopadhyay on Saturday assured full cooperation with the West Bengal CID’s probe into the alleged signature forgery case, but maintained that others who were present at the time should also be questioned.His remarks came after he was questioned for…
Milk prices could see another increase by July Milk prices, which were already raised by 2-3 per cent in May by major dairy companies, could see another increase by July or August if El Niño conditions and a deficient monsoon worsen fodder shortages and impact milk production, according to dairy industry executives.Industry players said poor…
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