Over the past few years, many firms have announced dividends which give conclusive but indirect signal to the investors. The Dividend is declared to show sufficient profitability to finance future expansion in the firms. Dividend declarations have become an important area in financial research considering its strong implications for corporate policy. The article investigates the signalling effect of the dividend announcements and also the significance of cumulative abnormal return of dividend announcements before and after the event day. Further it also tests the evidence of average abnormal return around the announcement date. The analysis uses data of 42 firms in the BSE 500 index, which have announced dividends during the period 2007–2009. An examination of share price behaviour around dividend announcements proves the signalling effect of these announcements. These results strongly support that the share prices drift positively in the case of dividend announcements and the market particularly reacts more favourably to dividend announcements.

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In recent decades rural South India has witnessed the profound effects of financialization, effects that include growing sexual puritanism, changing kinship patterns, and the redefinition of caste hierarchies. For Dalit women, these transformations have given rise to new forms of debt, sexuality, and sexual‐economic exchanges. Although such exchanges can be compatible with sexual desire and pleasure, Dalit women are nonetheless trapped in new forms of unpayable debt. Their debts, though quantifiable and financial, retain a strong moral component associated with new norms of chastity and monogamy. Far from being mere passive objects of exchange, Dalit women challenge their unpayable debt and struggle to exist both as creditworthy financial subjects and as subjects of desire. In contesting the norms of forced sexuality, these women challenge researchers to rethink the concepts of debt and unpayable debt through the lens of gender and sexuality. [debt, unpayable debt, exchange, obligations, sexuality, gender, feminist anthropology, financialization, India]