Tag: Creative destruction

Reliance – the Zero tax Emperor

In the statement of profit and loss for 2019-20, the profit before tax shown by Reliance Industries was Rs 40,316 crore on a revenue of Rs 365,202 crore. Continuous investments on fresh projects helped the company claim large amounts as depreciation/amortisation expense. These amounted to Rs 9728 crore for 2019-20. Such financial management had enabled the industrial giant to keep tax outgo pretty low: for the year current tax was shown as Rs 7200 crore and deferred tax as Rs 2213 crore.

Stay in touch:

255,324FansLike
128,657FollowersFollow
97,058SubscribersSubscribe

Newsletter

Don't miss

Crompton lands big order from MEDA

It has a secured a Letter of Award (LoA)...

IIT Madras students develop solar car

Students of IIT Madras have designed, developed and built...

Stahl inks 3-year wage pact with union

Even as the HR (human resources) scene in the...

Edelweiss bets big on South with new fund

South India is fast emerging as a crucial growth...

India needs ₹6,000 cr investment to quadruple helmet production capacity

This was emphasised at the launch of Mission Save...