Tag: RPL

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

EQS 580 4MATIC Celebration Edition of Mercedes launched

Priced at ₹1.30 crore (ex-showroom, all-India), the ‘Celebration Edition’...

PIN generation: IOB launches Tamil portal

The initiative caters specifically to Tamil-speaking users, offering a...

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...