Archive for March 18th, 2007

Q4 Advance Income Tax numbers out

Most corporates began to tell their Q4 Advance Income Tax numbers. Some numbers as reported by leading business media is as follows:

Tata Sons: Rs 225 crore
Bharat Petroleum Corporation Ltd (BPCL): Rs 275 crore
Central Bank of India: Rs 150 crore
New India Insurance: Rs 159 crore
Bank of Baroda: Rs 50 crore
Tisco: Rs 350 crore
State Bank of India (SBI): Rs 690 crore
Hindalco: Rs 265 crore
Ultratech Cement: Rs 110 crore
Reliance Industries: Rs 118 crore
Indian Oil: Rs 400 crore

It may be recalled that some analysts are of the opinion that the future course of the stock markets that are hit for the last 5 weeks would depend on the advance tax payments made by various companies.

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