Goa Shipyard declares dividend: Goa Shipyard Ltd has declared a dividend of 20 per cent on the paid up capital of Rs 19.40 crore. It is based in Vasco Da Gama, Goa, and is a central public sector undertaking under the administrative control of the ministry of defence (department of defence production and supplies). The dividend was declared at the company's 32nd annual general meeting ofthe company at Vasco Da Gama in Goa. This amounts to a total of Rs 3.88 crore.

Euromedica sets up shop in city: Euromedica Plc, Europe's largest executive search firm serving the bioscience, pharmaceutical and healthcare industries, has set up shop in India. The new joint venture outfit, Euromedica Consultants Pvt Ltd, will initially operate out of Mumbai, and be headed by Yezdi F Mody. Mody, who holds a 25 per cent equity stake in the venture told The Financial Express, that the firm will begin with four consultants and two researchers. Euromedica Plc will hold a 50 per cent stake in the new joint venture while KK Arora, chief of the Bangalore-based Pharmed, will hold the remaining 25 per cent.

HLL toothpaste brand bags award: Hindustan Lever's toothpaste brand "Pepsodent" was given the `Award for Brand Excellence' at the International Brand Summit held in Mumbai. A release said, the award was presented to the brand on the basis of its market penetration, brand extension, marketreach, brand loyalty, support of sub brandsand advertising.

Philips EGM next month: Philips India has convened an EGM of shareholders on December 4, 1998, to approve the proposed sale of the components undertaking at Loni-Kalbhor near Pune in Maharashtra.

FAG Precision's resolution okayed: Shareholders of FAG Precision Bearings on Friday cleared a special resolution permitting the issue of shares to the company's German parent at Rs 40 per share subject to the approval of financial institutions. FIs had earlier blocked a resolution proposing a preferential allotment to the German parent at Rs 77 per share. Minority shareholder Dinesh V Lakhani was the lone shareholder to oppose the resolution. FAG Germany at present holds less than 40 per cent of the Indian arm's equity and proposes to increase its stake to 50.99 per cent.