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Here we updated Advanced Tax Figure for India Inc for Qtr October - December
Advanced Tax Figure ( declared on 16/10/2008 )
- Tata Motors Oct-Dec advance tax nil vs 59 cr rupees
- L n T Oct-Dec advance tax 312 cr rupees vs 180cr rupees
- M n M Oct-Dec advance tax 4.5 cr rupees vs 60 cr rupees
- TCS Oct-Dec advance tax 129 cr rupees vs 108 cr rupees
- Tata Steel Q3 advance tax 230 cr rupees vs 750 cr rupees
- Ultratech Q3 advance tax 65 cr rupees vs 140 cr rupees
- Bank of Baroda Q3 advance tax 220 cr rupees vs 200 cr rupees
- Indian Hotels Q3 advance tax nil vs 50 cr rupees
- HUL Oct-Dec advance tax 155 cr rupees V/s Rs 110 cr earlier
- ACC Oct-Dec advance tax 180 cr rupees vs 150 cr rupees year ago
- Bajaj Auto Q3 advance tax 105 cr rupees vs 175 cr rupees
- Siemens Oct-Dec advance tax 130 cr rupees vs 130 cr rupees
- Idea Communication Oct-Dec advance tax 8 cr rupees vs nil
- EXIM Bank Oct-Dec advance tax 65 cr rupees
- Asian Paints Oct-Dec advance tax 45 cr rupees
- Lupin Oct-Dec advance tax 15.5 cr rupees vs 45.1 cr rupees
- Kotak Mahindra Bank Oct-Dec advance tax 40 cr rupees
- NABARD Oct-Dec advance tax 220 cr rupees vs 180 cr rupees
- RCF Oct-Dec advance tax 66 cr rupees vs 24 cr rupees
- Ambuja Cements Oct-Dec advance tax 140 cr rupees
- NSE Oct-Dec advance tax 17 cr rupees vs 69 cr rupees
Out of 21 companies who reveled their Adv Tax fig on 16th December 2008, total 8 companies reported a negative tax figure, this shows a slowdown in India Inc . The same figure was captured in FY 2008 - 09, Q2 Earnings report. That also shows a confirm slowdown in Indian Economy and this Advanced Tax figure also reported the same. But before reaching to any final decision we need to get wait and watch all figures of India Inc. In this slowdown , Tata Group get the more shock than any other corporate group. First Corus then Land Rover Jaguar Deal, Singur plant shift ( which cost approx Rs 250 crs to TATA group ) and then Mumbai Terror Attack to Tata Group , TAJ hotel which is a group hotel of Indian Hotels . The complete renovation would cost around Rs 500 - 600 crores , which is only estimated cost and can turn to be more expensive as it is a Heritage Building.
All figures are reported on NW18 , so before taking any action or call please check with the NW18 website.
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Market opened lower on news of Lehman is going to file motion for chapter 11 Bankruptcy protection on failed negotiations with other US banks. Indian market opened down about 3.5% in opening trade and plunged to more than 6% in day trade. However buying came in last 2 hours of trade, this help Nifty to close around 100 points up from days lows and Sensex closer to 400 points from day low. After Adjustment Nifty finally closes @ 4072.90 down 155.55 points and Sensex closes @ 13531.27 down about 469.54 points. Crude touched a low of $95 in NYMEX , first time from Febuary,2008 . Rupee also touched a low of 46 mark to a dollar , which is a low of 24 month.
Sectoral
BSE Realty and IT make the worst hit , loosing 7.6% and 5.5% respectively. Realty were down because of high beta index and Lehman Brothers has a significant holding in all Realty stock either thru direct holding , via P - notes or thru Private Equity Investment. Moreover, Unitech denied the media report that Unitech Mumbai project who has PE investment of Lehman Brother is on toast. Second most affected sector was IT, it was down on their financial news of Lehman, if Lehman is going to end then they will have to face big loss because Lehman has tied up with all major IT companies like Satyam Comp , Infosys , HCL Tech, etc .. They have to write down a major part of their revenues coming from Lehman as a Bad debt. As crude is continuously dragging towards south. All Auto stock moved up a bit positive despite of Sell in Indian Market. Maruti ended green with more than 2% and HDFC who is major Financial Institution also moved up in Green.
Turnover on 15th Sept , 2008
NSE Cash Rs.11936 BSECash-Rs.4485.30 Future Rs.61185.99
Arbitrage Opportunities NSE & BSE
No opportunities has been created for tomorrow . As mkt dragged too much.
If any want to trade as a Arbitrager can ask for the same on infotips@yahoo.com . Service Brought to u by Trading Ideas - Your Trading Partner http://tradingideas.in/
Advanced Tax Figure for India Inc Q2
- Videocon Inds pay Rs.25crs as Advance Tax in comparison to Rs20 crs
- RIL pays Rs680 crs ad ADVANCE TAX in comparison to Rs650 crs last yr
- SBI Advance Tax at Rs1560cr Vs Rs1054cr YoY
Important News for Sept 16 , 2008
- US FOMC meeting will be held tomorrow ( 16th Sept , 2008 ) to decide on Intrest Rates and they will also talk on situation of current US Fiancial Market .
- AIG ( American International Group ) ask US Federal Govt for a fresh new loan of $40 billion . AIG is going to announce something special tonight. They are in talk with US billionaire Warren Buffet for a special package to protect investor and policyholder.
- Tomorrow major exchange of Asia Nikkei and Hang Sang will deliver their sentiment on Lehman News as there was a trading holiday in both of exchange.. We believe they will tank and resulting weak opening for Indian Market tomorrow also
- Analyst believes after collapse of Lehman Brothers and the sale of Merrill Lynch have left questions about the future of the last two major brokerage and Investment firm, Goldman Sachs and Morgan Stanley
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