Last Updated:November 09, 2025, 09:09 IST

Over 40 companies, including Bayer CropScience, Nuvama Wealth Management, and Power Grid Corporation, will see dividends, bonus issues, or stock splits.

Power Grid Corporation, Astral Ltd, Garden Reach Shipbuilders among 40 shares to trade ex-date this week.

Bonus, Dividend & Stock Split: Shares of several listed companies will remain in focus among investors this week for various corporate actions, including dividend, bonus and stock split. Between November 10 and November 15, 2025, more than 40 firms will trade ex-dividend and ex-date for bonus or stock split.

Among the big names, Bayer CropScience will distribute an interim dividend of Rs 90 per share, the highest in this round. Nuvama Wealth Management follows with Rs 70 per share, while Ajanta Pharma, Godfrey Phillips India, and Great Eastern Shipping will reward shareholders with Rs 28, Rs 17, and Rs 7.2 per share respectively.

Blue-chip firms like Power Grid Corporation, Astral Ltd, Garden Reach Shipbuilders, and Chambal Fertilisers have also declared interim dividends in the range of Rs 4.5–5.75 per share.

Other notable payers include Sasken Technologies (Rs 12), Garware Technical Fibres (Rs 8), Kaveri Seed Company (Rs 5), and D-Link India (Rs 6).

Infrastructure investment trusts (InvITs) such as PowerGrid InvIT, Indus Infra Trust, and Anzen India Energy Yield Plus Trust have also announced income distributions during the period.

Bonus And Stock Split Rush

Investors can also look forward to corporate actions like bonus issues and stock splits this week. Sampre Nutritions Ltd have announced a stock split from Rs 10 to Rs 5 face value and a 1:1 bonus issue. SMC Global Securities has also declared a 1:1 bonus issue, while Websol Energy System goes for a stock split from Rs 10 to Rs 1.

Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

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Scotland’s Finance Secretary has requested an urgent meeting with the Chancellor amid reports she will raise taxes in her Budget this month.

Shona Robison set out what she said were three tests Rachel Reeves must meet when she delivers her tax and spending plans on November 26.

They include ditching her fiscal rules and delivering investment “to grow the economy and support people with the cost of living”, ensuring “every penny” raised from any tax rises is reinvested in public services with consequential funding to Scotland and a promise the Budget will not amount to austerity and cuts for Holyrood.

It comes after a pre-Budget speech from the Chancellor in which she failed to rule out tax rises, warning she will have to make “necessary choices” after the “world has thrown more challenges our way”.

Reports later suggested the Chancellor could raise income tax. The Fraser of Allander Institute has estimated a 2p hike could cut Scotland’s budget by £1 billion.

The Finance Secretary said: “The Chancellor’s unexpected Downing Street speech has fuelled speculation and piled uncertainty on uncertainty about Labour tax hikes in the upcoming UK Budget, with a potential price tag of £1 billion for Scotland.

“Let me be clear: Scotland should not be left paying the price for Labour’s broken promises.”

Ms Robison said last year’s Budget was a “disaster” for the Chancellor, “taxing jobs, (the) vulnerable and doing nothing on child poverty”.

She said she had requested an urgent meeting with her, where she would set out her three tests.

She said: “This year, I am setting three tests the UK Budget must meet – and the first is that the Chancellor must ditch her outdated, restrictive fiscal rules.  The era in which these rules were set is over and Rachel Reeves must face up to the new reality.

“And crucially, every single penny raised from any Labour tax rises must be invested into public services with consequential funding for Scotland.

“Rachel Reeves must also confirm that Scotland will not see our funding cut as a result of Labour decisions.

“They came to office promising an end to austerity, so to impose it on Scotland would be a political betrayal from which Labour would never recover.

“I have requested an urgent meeting with the Chancellor and will be clear to her that her Budget must meet these three key tests.

“But the chaos and confusion coming out of the UK Government this week is just confirmation that Scotland shouldn’t be leaving crucial decisions about our finances in the hands of incompetent Westminster governments – these decisions should be in Scotland’s hands, with the fresh start of independence.”

An HM Treasury spokesperson said: “Our record funding settlement for Scotland will mean over 20% more funding per head than the rest of the UK.

“We have also confirmed £8.3 billion in funding for GB Energy-Nuclear and GB Energy in Aberdeen, up to £750 million for a new supercomputer at Edinburgh University, and are investing £452 million over four years for City and Growth Deals across Scotland.

“This investment is all possible because our fiscal rules are non-negotiable, they are the basis of the stability which underpins growth.”

Pakistan has decided to obtain two foreign loans worth $1 billion for enhancing efficiency of the tax machinery, accountability of expenses and ensuring compliance with state-owned enterprises law — objectives that require will to improve rather than fresh loans.

The country has decided to seek a $600 million loan from the World Bank for the “Pakistan Public Resources for Inclusive Development” programme and $400 million from the Asian Development Bank (ADB) for the “Accelerating State-Owned Enterprise Transformation Programme”, official documents showed.

The $1 billion translates into a staggering Rs281 billion at the current exchange rate, sufficient to build an airport or hundreds of schools.
The loans will be obtained as budget support to cushion foreign exchange reserves. No asset will be created using the fresh foreign lending, details of these under-negotiation loans showed.

The development collides with a proposal by Syed Naveed Qamar, Chairman of the National Assembly Standing Committee on Finance. Qamar this week sought ratification of foreign debt deals by Parliament to ensure transparency and better utilisation of lending facilities.

Sources said the Ministry of Finance has proposed obtaining these loans as budget support to cushion foreign exchange reserves. Unlike the past, the International Monetary Fund (IMF) has so far not unlocked major foreign lending. This compelled the central bank to buy $8.4 billion from the local market last fiscal year.

Budget support loans are not disbursed against asset creation. Money is released upon completion of agreed prior actions, mainly policy and law changes.

Sources said the $600 million World Bank loan will fund “reforms” in the Finance Division, Federal Board of Revenue (FBR), Pakistan Bureau of Statistics (PBS), Ministry of Commerce, Power Division, Ministry of Information Technology, Pakistan Procurement Regulatory Authority (PPRA) and Office of the Accountant General Pakistan Revenue (AGPR).

Of the $600 million, $560 million will be disbursed against achieving certain targets. These include increasing income tax share in total taxes to 55% over five years. The current ratio is less than 50%. Usually, such targets are kept soft to ensure smooth tranche disbursement.

The government’s rationale in official documents is that Pakistan’s human capital outcomes like high stunting, learning poverty and infant mortality reflect chronic underinvestment and inefficient public spending shaped by a rigid, deficit-prone fiscal framework.

The official stance is that the $600 million programme will directly address these structural constraints, enabling Pakistan to sustainably finance inclusive development and meet national goals.

Officials said the Finance Division and the World Bank were in the process of finalising loan package details.

The programme aims to strengthen the fiscal system to support macroeconomic stability and service delivery. This will be achieved through “more efficient and effective revenue collection, strengthened allocation, efficiency and accountability in expenditures, and improved statistical data landscape for policymaking.”

The Express Tribune reported last month that there was a staggering $30 billion discrepancy in import figures reported by various government entities over a period of five years.

\Under the proposed programme, PBS will gain from technical assistance, upgraded systems and capacity building to provide timely, accurate data for policy decisions, according to the documents.

The loan money is also being taken in the name of strengthening the Tax Policy Unit, Debt Management Office, government rightsizing and open budgeting.
However, the World Bank and ADB have previously funded these offices. Much more remains to be achieved, indicating that improving governance of these institutions is needed more than money.

Sources said the FBR had previously expressed desire to utilise World Bank funds for buying weapons for civil armed forces, mainly Customs Enforcement. However, the World Bank did not agree. The FBR may again propose including “equipment, weapons required by civil armed forces” in the new lending envelope.

However, sources said the Planning Commission has raised objections to the new $600 million plan. It noted that foreign loans had previously been taken for FBR and AGPR. Existing lending programmes — Pakistan Raise Revenue Programme for FBR worth $450 million and Implementation of Online Billing solution (SEHAL) for AGPR — overlap with the new proposed plan.
ADB loan
Sources said the government is also seeking a $400 million loan from ADB for the Accelerating State-Owned Enterprise Transformation Programme.
The ADB package aims to address critical corporate governance and commercial performance challenges within 40 of Pakistan’s commercial state-owned enterprises.
ADB has already funded hundreds of millions of dollars in packages for improving governance and development of the SOEs framework in Pakistan.
In a seminar organised by the Sustainable Development Policy Institute (SDPI) this week, country heads of the United Nations Development Programme and IMF emphasised improving poor governance for better service delivery.
IMF has also conditioned approval of the third $1 billion loan tranche under the Extended Fund Facility on publication of the Governance and Corruption Diagnostic Assessment report.
Sources said the new loan addresses governance challenges by enhancing efficiency, financial sustainability and performance of 40 SOEs, particularly the financial sustainability of National Highway Authority (NHA).
Stated objectives of the new facility include strengthening governance and compliance with SOE Act and policy, enhancing institutional capacity for oversight and monitoring, and improving financial and operational performance of NHA. Systematic monitoring and accountability have been weak due to limited institutional capacity within the Central Monitoring Unit and line ministries.