India Inc pays higher Q1 advance tax
India Inc today reported higher advance tax numbers for the first quarter of the current fiscal (Q1FY09).
ICICI Bank reported a 36% increase in advance tax payment at Rs 340 crore for Q1FY09 when compared with Rs 250 crore paid in the first quarter of the previous fiscal (Q1FY08).
SBI reported a 32% increase in advance tax payment at Rs 663 crore for Q1FY09 when compared with Rs 503 crore paid in Q1FY08.
IDBI advance tax payment was up 43% at Rs 10 crore for Q1FY09 as against Rs 7 crore paid in Q1FY08. Bank of Baroda has paid Rs 140 crore.
Reliance Industries has paid an advance tax of Rs 340 crore for Q1FY09 when compared with Rs 295 crore paid for Q1FY08.
While Ambuja Cements paid an advance tax of Rs 100 crore, Bajaj Buto paid a lower advance tax of Rs 50 crore for Q1FY09 when compared with Rs 60 crore paid for Q1FY08.
HDFC has paid an advance tax of Rs 140 crore for Q1FY09 when compared with Rs 95 crore in Q1FY08. Tata Motors has paid an advance tax of Rs 30 crore.
Other UTVi stories:
Daiichi may revise Ranbaxy offer price
Lehman Bros reports Q2 loss of $2.8 bn
No spectrum for MVNOs: Trai
VAT Panel seeks Rs4,000cr from Centre
Sensex ends up 206pts, ICICI Bk gains 4%
Buzzing stocks: Savita, Engineers India
No rate hikes likely now: Kochhar
Returns from stocks lower than FDs
MTN in India as Ambani guns blaze
Saudis to pump oil at fastest rate
Source: UTVi.com
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16 June 2008
ET Stories and The 10 top challenges for India
The 10 top challenges for India
India could be 40 times bigger by 2050, and may also have the potential to be larger than the US by that time. To achieve this, however, India needs to implement many changes. These are the findings of a global research report on ‘Ten Things for India to Achieve its 2050 Potential’, brought out by Jim O’Neill, Head Global Research at Goldman Sachs, and Tushar Poddar, V-P Research, Asia Economic Research Team at Goldman Sachs India. The reports lists a number of things for India to do, such as improving its governance, controlling inflation, introducing credible fiscal policy, liberalising financial markets and increasing trade with its neighbours. “Delivery of all these and more would ensure strong, persistent, medium-to-long-term growth, allowing India to reach its amazing potential,” it says. Here are the 10 top challenges for India:
1) Improve governance
Without better governance, delivery systems and effective implementation, India will find it difficult to educate its citizens, build its infrastructure, increase agricultural productivity and ensure that the fruits of economic growth are well established. Governance problems stem from the increasing inability of the government and public institutions to deliver public services in the face of rising expectations. A large gap between physical access to services and the quality of services provided is leading to a citizen satisfaction gap.
For more details, Visit @
The 10 top challenges for India
Other ET stories:
Bankers should shed conservatism in credit to entrepreneurs:FM
JSW Steel to set up steel plant in Georgia
Tata Steel to set up power plant in Orissa
Tata Tele-Virgin deal gets TRAI clean chit
Idea needs just three quarters to trunaround Spice
Oil falls, Saudi pushing output to highest since '81
Short covering on cards, resistance in 4700-4750 zones
BSE revises sectoral indices, PSU index
PINC puts 'buy' on Time Technoplast; target Rs 1,215
Maytas Infra bags Gulbarga airport project
Next leg of the bull run likely to begin soon
Avon Weighting System subscribed 45 times
HSBC launches insurance JV with Canara Bank and Oriental Bank
Investor's Guide
Techno wrap: Fast ride to nowhere
Royal Orchid Hotel: Walk on the red carpet
Metal market: Grab them while you can
Stocks to buy: OBC, Bhushan Steel, Pantaloon Retail, ABG Shipyard
Bharti Airtel attracts higher valuations than RCom
Mkt fall leaves a slew of undervalued stocks
More pain in store for European pharma
Lotus Eye Care Hospital's IPO: For the high 'n' mighty
IDFC Private Equity: Driving dreams
Derivatives diary: Beginning of the last bear market
Stock market still trading 25-30% higher
---------------------------------------------------------------------
Quarterly Results from www.Indiaearnings.com
Zee Entertainment FY08 net profit at Rs 416 cr
SREI Infra FY08 net profit at Rs 135 cr
Sunflag's Q4 FY08 PAT was at Rs 22 crore
Shipping Corp Q4 net profit at Rs 249 cr
NIIT Tech FY08 net profit up at Rs 135.26 cr
ABG Shipyard Q4 net profit at Rs 46 cr
Dhanalakshmi Bank Q4 FY08 PAT was at Rs 9.4cr
Karur Vysya Bank Q4 PAT was at Rs 70.5cr
HOV Services Q4 net profit was at Rs 31.7 cr
Source: www.theeconomictimes.com and www.indiaearnings.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
India could be 40 times bigger by 2050, and may also have the potential to be larger than the US by that time. To achieve this, however, India needs to implement many changes. These are the findings of a global research report on ‘Ten Things for India to Achieve its 2050 Potential’, brought out by Jim O’Neill, Head Global Research at Goldman Sachs, and Tushar Poddar, V-P Research, Asia Economic Research Team at Goldman Sachs India. The reports lists a number of things for India to do, such as improving its governance, controlling inflation, introducing credible fiscal policy, liberalising financial markets and increasing trade with its neighbours. “Delivery of all these and more would ensure strong, persistent, medium-to-long-term growth, allowing India to reach its amazing potential,” it says. Here are the 10 top challenges for India:
1) Improve governance
Without better governance, delivery systems and effective implementation, India will find it difficult to educate its citizens, build its infrastructure, increase agricultural productivity and ensure that the fruits of economic growth are well established. Governance problems stem from the increasing inability of the government and public institutions to deliver public services in the face of rising expectations. A large gap between physical access to services and the quality of services provided is leading to a citizen satisfaction gap.
For more details, Visit @
The 10 top challenges for India
Other ET stories:
Bankers should shed conservatism in credit to entrepreneurs:FM
JSW Steel to set up steel plant in Georgia
Tata Steel to set up power plant in Orissa
Tata Tele-Virgin deal gets TRAI clean chit
Idea needs just three quarters to trunaround Spice
Oil falls, Saudi pushing output to highest since '81
Short covering on cards, resistance in 4700-4750 zones
BSE revises sectoral indices, PSU index
PINC puts 'buy' on Time Technoplast; target Rs 1,215
Maytas Infra bags Gulbarga airport project
Next leg of the bull run likely to begin soon
Avon Weighting System subscribed 45 times
HSBC launches insurance JV with Canara Bank and Oriental Bank
Investor's Guide
Techno wrap: Fast ride to nowhere
Royal Orchid Hotel: Walk on the red carpet
Metal market: Grab them while you can
Stocks to buy: OBC, Bhushan Steel, Pantaloon Retail, ABG Shipyard
Bharti Airtel attracts higher valuations than RCom
Mkt fall leaves a slew of undervalued stocks
More pain in store for European pharma
Lotus Eye Care Hospital's IPO: For the high 'n' mighty
IDFC Private Equity: Driving dreams
Derivatives diary: Beginning of the last bear market
Stock market still trading 25-30% higher
---------------------------------------------------------------------
Quarterly Results from www.Indiaearnings.com
Zee Entertainment FY08 net profit at Rs 416 cr
SREI Infra FY08 net profit at Rs 135 cr
Sunflag's Q4 FY08 PAT was at Rs 22 crore
Shipping Corp Q4 net profit at Rs 249 cr
NIIT Tech FY08 net profit up at Rs 135.26 cr
ABG Shipyard Q4 net profit at Rs 46 cr
Dhanalakshmi Bank Q4 FY08 PAT was at Rs 9.4cr
Karur Vysya Bank Q4 PAT was at Rs 70.5cr
HOV Services Q4 net profit was at Rs 31.7 cr
Source: www.theeconomictimes.com and www.indiaearnings.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
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