Dividend bonanza likely in wake of Budget 2016: Bajaj Auto to Godrej Industries and more, do you hold shares in these companies?

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FM Arun Jaitley's move in Budget 2016 to impose additional Dividend Distribution Tax (DDT) of 10 per cent on dividend earnings above Rs 10 lakhs is likely to throw open dividend floodgates before the provision kicks in from April 1, 2016. Any dividend declared before March 31, 2016 will not be taxable at the hand of the recipient. In the past four days, over 10 companies have announced dividend to investors post Finance Minister Arun Jaitley’s Union Budget 2016 announcement. These include Bajaj Auto, Godrej Industries, Vardhman Textiles, Suven Life Sciences, Solar Industries and Mahindra Life Developers. (PTI)

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Promoters who will be impacted by this announcement are likely to encourage companies to declare higher dividends before March 31, 2016. Companies with high promoter shareholding will also prefer advancing dividend payout and may pay most of it before March 31, 2016 so that they do not end up paying 10 per cent tax on their dividend income. (Express Photo)

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Virtual Reality is one of the hottest terms in the tech world that allows consumers to interact in real time is a fantastic innovation which can demonstrate the cutting edge of what technology is capable of today. Deloitte Global's 2016 TMT predicts that virtual reality (VR) will have its first billion dollar year in 2016 and with a vast number of smartphones sales in India, virtual reality headset would become the future of how we engage with each other and gadgets. Therefore, many companies, small and large have been working to bring VR to the masses, and there have never been so many ways to fully immerse yourself in games and entertainment as there are now. Today, the market is flooded with VR devices that are affordable, impressive, fun, and phone-powered. So here are a few pocket friendly virtual reality headsets, from PTron, Zebronics to DOMO nHance, available in the country – prices start at Rs 1,490. (Reuters)