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Dividends & Bonuses: Patanjali, HUDCO, IRCON, Cochin Among 138 Stocks To Trade Ex-Date This Week
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CPSE dividend milestone: HLL Lifecare pays record Rs 69.53 crore to government; revenue rises 20% – The Times of India
Mini-Ratna CPSE HLL Lifecare Limited has paid a record dividend of Rs 69.53 crore to the Government of India for the financial year 2024-25, highlighting its strong financial performance. The dividend cheque was presented to Union health minister JP Nadda by Dr Anitha Thampi, chairperson of HLL, in the presence of minister of state Anupriya Patel and Union health secretary Punya Salila Srivastava.The financial year 2024-25 saw comprehensive growth across both HLL’s manufacturing and service portfolios.Revenue from operations rose to Rs 4,500 crore, a 20 per cent increase over the previous year, while the company’s net worth increased to Rs 1,100 crore as of March 31, 2025, according to news agency ANI. On a consolidated basis, including subsidiaries HITES, GAPL, and Lifespring Hospitals, the HLL Group recorded total revenue of Rs 4,900 crore, marking a 19 per cent growth over the previous fiscal.Founded on March 1, 1966, HLL Lifecare has evolved from addressing population control challenges to becoming a multi-product, multi-service healthcare enterprise playing a pivotal role in India’s health sector transformation. The company has also strengthened affordable access to medicines and surgical products through initiatives like AMRIT Pharmacies, helping reduce out-of-pocket expenses for patients nationwide.Nadda commended HLL’s performance, stating, “HLL, along with its subsidiaries and Amrit pharmacies, have emerged as a key player in transforming the health sector. Over the last 10 years, more than 6.7 crore people have benefited from affordable medicines, saving over Rs 8,000 crore in out-of-pocket expenditure”.
BBCThousands of people have marched through central Edinburgh calling for more action to tackle poverty in Scotland.
The Scotland Demands Better demonstration was organised by trade unions and charities to push for more action on poverty ahead of the UK Budget and next year’s Scottish Parliament elections.
The demonstration was organised by the Scottish Trades Union Congress (STUC) and The Poverty Alliance. They called for increases in free childcare and the scrapping the two child benefit cap.
The march comes after recent research from The Poverty Alliance found one in four children in Scotland is living in poverty.
The protestors included trade union members, faith groups and community organisations. They made their way from the Scottish Parliament to the Meadows where they held a rally.
Organisers said the demonstration was part of a “growing nationwide campaign” to demand better jobs and social security.
They also want to see more investment in “life essentials” such as as housing, transport, healthcare and education.
Peter Kelly, chief executive of The Poverty Alliance said the march was a response to challenges being felt by people in Scotland.
“Too many of us are going hungry, or are without a home, or sacrificing meals to feed their children, dreading winter due to heating costs, or struggling to get by on wages that don’t cover their household costs,” he said.
STUC General Secretary Roz Foyer said people are calling for real action to tackle poverty, and electioneering on the issue must stop.
She said: “People are exhausted with the false promises of change that come every time an election rolls around only to be badly let down time and time again.”
Members of the Unite union waved flags calling for the Grangemouth refinery to be saved.
Unite Secretary Susan Fitzgerald said: “Scotland is losing highly skilled jobs, decent affordable housing remains out of reach and public services remain underfunded and overstretched. Wages and living standards just aren’t keeping up.”
The Child Poverty (Scotland) Act 2017 set targets to cut child poverty to 18% by 2024/25 and 10% by 2030/31.
Earlier this month, the Joseph Rowntree Foundation warned that these targets were set to be missed by a “large margin”.
Child poverty in Scotland is lower than any other part of the UK and the only poverty rate which is falling, but the Scottish government missed its statutory interim target to reduce the rate below 18% by last year, with the figure left at 23%.
Before the march, First Minister John Swinney offered his “best wishes” to those taking part.
He added: “Of course those marching today are right that too many people are living in poverty and too many people – many of them in work – are struggling to make ends meet.
“In a country as rich as Scotland, that is simply not acceptable to me.”
A UK government spokesperson said ministers are “determined to bring down poverty and have implemented measures such as increasing the national minimum wage and introducing universal credit changes.”
A strategy to tackle child poverty will be published later this year.
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.
More than a third of the condo apartments sold in Manhattan over roughly the past year sold at a loss, although the top end of the market fared better, according to a new report.
Despite the steady stream of headlines about eye-popping sales and soaring prices in Manhattan real estate, the median price per square foot for Manhattan condos is essentially flat from a decade ago, according to a report from Brown Harris Stevens. One in three condo resales between July 2024 and June 2025 were sold at a loss, according to the report. When including inflation, transaction costs and renovations, the share of losses by condo sellers is likely even higher, according to real estate analysts.
While the data didn’t include co-ops, analysts say co-op prices have generally fared the same or slightly worse than condos.
“For the last decade, Manhattan has essentially been moving sideways,” said Jonathan Miller, CEO of Miller Samuel, the appraisal and real estate research firm.
The long-term price weakness in Manhattan stands in stark contrast to much of the country, where home prices are up substantially since the pandemic, creating a widespread affordability crisis. Only 2% of home sellers nationally who purchased homes before the pandemic are at risk of selling at a loss, according to Redfin.
Manhattan is still among the most expensive markets in the country, especially on a per-square-foot basis. The median price for Manhattan sales in the third quarter was $1.2 million, while the average is just under $2 million, according to Miller Samuel and Douglas Elliman. Yet over the longer term, an analysis of resales finds that the timing of purchases in Manhattan typically matters more than location.
Condo owners who bought before 2010 have fared the best. The median gains for those in that cohort who sold over roughly the past year were between 29% and 45%, according to the Brown Harris report. Prices started to rise after the financial crisis, peaking in 2016. That means for those who bought between 2011 and 2015, the sale gains in the past year were modest, around 11%.
The biggest losers were those who bought after 2016. Half of the buyers who bought between 2016 and 2020 sold at a loss over the surveyed period. Among those who bought between 2021 and 2024, the gains were slim – although some buyers who got deals during the depths of the Covid downturn in late 2020 and early 2021 may fare better.
Adding in other costs of buying, selling and ownership would further add to the losses. Transaction costs in Manhattan can range from 6% to 10%, according to brokers. Renovations and improvements also aren’t counted in the losses, nor are maintenance fees or taxes. Adjusting for inflation would also increase the losses and lower returns.
Stijn Van Nieuwerburgh, co-director of the Paul Milstein Center for Real Estate at the Graduate School of Business at Columbia University, said inflation has increased 36% over the past decade.
“So if I had invested in a Manhattan condo in September 2015 (close to the peak) and sold it in August 2025 for the same nominal price, a 0% nominal return, I actually lost 36% in real terms,” he said. “This is surprising since many people think of real estate as a good inflation hedge.”
He noted that the Case-Shiller national home price index went up 89% in the 10 years between September 2015 and August 2025, “a lot better than in NYC and also far higher than the 36% inflation.”
The reasons for Manhattan’s “lost decade” in condo prices are as varied as they are disputed. The cap on state and local tax deductions that began in 2018 put pressure on prices and demand, as did a 2019 rent law. The migration of some higher earners to Florida during Covid also added to real estate fears, although the population and demand quickly rebounded.
The one exception to the trend was the top of the market. Those who bought and sold apartments for $10 million or more made double-digit profits, no matter when they initially bought.
Brokers and analysts say the increased concentration of wealth at the top, rising stock markets and ceaseless demand from those who are less affected by economic and market cycles has powered continued gains in the luxury market.
“The higher end has fared better over the decade, especially in, let’s say, the top 4% of the market,” Miller said. “The reason is Wall Street and financial markets. And the ability to buy in cash, independent of interest rates.”
Two thirds of the apartment deals done in the third quarter were done in cash, Miller said, far above the historical average of around 53% and showing the continued dependence of the Manhattan market on wealthy buyers who don’t need mortgages.
In a market defined by frequent ups and downs, brokers say the current upswing presents an opportunity for both buyers and sellers.
“I’m bullish and have a very positive outlook for New York real estate,” said Jared Antin, executive director at Brown Harris Stevens and a co-author of the report. “While some people may have lost money on the deals [over the decade], the losses were negligible. It speaks to the blue chip nature of the Manhattan market. Does everyone want to make money on their real estate? Of course. But this market is incredibly stable.”
Sellers who bought during the dip in 2020 and early 2021 could also see profits when they start to sell, Antin said.
Still, with median prices hovering near all-time highs and uncertainty around the upcoming mayoral election, many potential buyers prefer to stay on the sidelines and rent, even if they can afford to buy. The number of households in New York City making more than $1 million a year who are renting more than doubled between 2019 and 2023, to 5,661, according to a report from RentCafe.
What’s more, signed contracts for high-end apartments — priced at $4 million or more — fell 39% in September, according to Olshan Realty, following increases in August and July. Brokers blame a rapid decline in inventory and lack of new supply from condo developments rather than a decline in demand or fears that Zohran Mamdani, a democratic socialist, would become the next mayor of New York City.
“There certainly is a downside risk to policy,” Miller said. “But as we’ve seen in the past, those fears are usually overblown.”
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