Capex push sees India Inc's debt rise to record Rs 36.63 trn in FY23 financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Tata Consultancy Services (TCS), the group s biggest cash generator, overtook Vedanta to become the highest dividend payer in India in FY23.
The IT services major paid Rs 42,090 crore for FY23, up 167.4 per cent from Rs 15,738 crore for FY22.
The 10 biggest payers together shelled out Rs 2.06 trillion for FY23, more than double the Rs 98,371 crore for FY22.
Shares of Infosys tanked 25 per cent to Rs 1,427.70 for the financial year ended March 31, 2023. Reliance Industries also plunged 11.50 per cent in FY23, while the benchmark BSE Sensex gained nearly 1 per cent. On the other hand, the country’s largest mortgage lender HDFC gained 10 per cent in the past 12 months.