Mon Nov 11 07:05:29 UTC 2024: ## Power PSU Declares Rs 3.50 Interim Dividend for FY 2024-25

**Mumbai, India** – In a move that will likely be welcomed by shareholders, a leading Power Public Sector Undertaking (PSU) has announced an interim dividend of Rs 3.50 for the fiscal year 2024-25. The company’s strong financial performance and commitment to shareholder value have led to this decision.

This announcement comes amidst a flurry of other business news, including:

* **GIVA Raises Rs 55 Crore:** Jewelry brand GIVA has secured Rs 55 crore in an extended Series B funding round. The company plans to utilize these funds to expand its offline presence.
* **FOMC Cuts Rates:** The Federal Open Market Committee (FOMC) has cut interest rates by 25 basis points, sparking speculation about the future direction of markets. Financial experts Devang Shah and Shweta Rajani have offered insights into the potential implications of this move.
* **The Hosteller Secures Rs 48 Crore:** The Hosteller, a popular budget accommodation platform, has raised Rs 48 crore in a funding round led by V3 Venture. The company plans to use these funds to expand into new territories and attract more customers.

Stay tuned to ET Now for further updates on these and other major business stories.

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