Reliance – the Zero tax Emperor Cover Story by V.Ranganathan - May 11, 2021May 11, 20210 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.
TESLA Electric cars soon in India Corporate by Dr K Narayanan - February 10, 2021February 27, 20210 By K T Jagannathan, Vijaya Durga, Dr K Narayanan TESLA COMES TO Bengaluru with new name for its Indian subsidiary, Tesla India Motors and Energy. The company will set up a R&D unit and a manufacturing plant for its electric vehicles in the country. Tesla CEO Elon Musk and Union Minister
Padma Awards 2021 Corporate by Vijaya Durga - February 10, 2021February 27, 20210 Padma awards 2021 By K T Jagannathan, Vijaya Durga, Dr K Narayanan 7 Padma Vibhushan, 10 Padma Bhushan and 102 Padma Shri awards were announced. Tamil Nadu bagged 11: 1 Padma Vibhushan (Singer SPB posthumous) and 10 Padma Shri. The state is unique in receiving 2 Padma Shri out of the total
TCS again at the top Corporate by k T Jagannathan - February 10, 2021February 27, 20210 Author: KT Jagannathan, Vijaya Durga, Dr K Narayanan The year 2021 has started with a bang for Tata Consultancy Services Ltd (TCS). On 25 January 2021, in the international circuit, TCS became the world’s most-valued information technology company surpassing Accenture: TCS had market capitalisation of $169.25 billion as against Accenture which stood at $168.68 billion. In the
TATA Group to invest in Digital,High Electronics Corporate by Dr K Narayanan - February 10, 2021February 27, 20210 Author: K T Jagannathan, Vijaya Durga, Dr K Narayanan On the Pongal Day (14 Jan), Tata Group Chairman N Chandrasekaran announced: “Tata Group plans to invest in digital, high-end electronics and healthcare in a post-pandemic world.” He also said “anything that is digital, we’re making a big bet on.” Tata Group
Switch to Natural Gas Cover Story Premium by S Viswanathan - January 3, 2021January 5, 20210 Jan 2021 Cover Story : Cheer on the Gas front *** Premium Content for logged in users*** Reliance Industries and BP has announced that commencement of production at the ultra deep water gas field in the Krishna-Godavari Basin of Andhra Pradesh. Of the three blocks developed at an investment of around Rs
EDIT NOTES Edit Notes by S Viswanathan - May 15, 20200 Re-incarnation of Sagar’s Ramayan THE UNPRECEDENTED total lock- down has demanded a total change in the daily routine of the citizens. It shouldn’t be easy for all to adjust to this change, especially for those on whom time hangs heavily. Working out of home calls for attitudes and disciplines of different kinds. Most
When Mukesh Ambani rushed to meet Jaganmohan… IE Economy In The News Politics by S Viswanathan - April 1, 2020April 1, 20200 AP Chief Minister Jaganmohan offering a Rajya Sabha seat to the President of Reliance Industries Group, Parimal Nathwani, appears a master-stroke. AP CM Jaganmohan Reddy has been through tough times. The state’s finances are not in great shape. His predecessor, Chandrababu Naidu, quit the NDA alliance blaming, the Centre for not