Month: March 2009

We have received Advance tax numbers of Indian corporates for FY 2009 from the IT Authorities. HDFC PAYS RS.240CR VS RS.250 420CR YOY BANK OF BARODA PAYS RS.280CR VS RS.220CR YOY INFOSYS TECH PAYS RS.150CR VS RS.150CR YOY RELIANCE INDUSTRIES PAYS RS.370CR VS RS.443CR YOY TATA STEEL PAYS RS.230CR VS RS.300CR YOY ACC 319Cr Vs … Read more HDFC+BOB+Infosys Reliance Advance Tax Numbers

Life Insurance Corporation of India (LIC) is planning to enter into a bancassurance agreement with Punjab National Bank (PNB). Under bancassurance model, the insurance products of the insurer are sold by the bank.As per the deal, PNB would distribute LIC’s products through its 4,000-plus branch network across the country. Private and public life insurers are … Read more LIC likely to ink bancassurance agreement with PNB

India’s Industrial Production (IIP) growth has fallen sharply from its FY08 8.5% levels, and is flat over Jan-Feb 09, it is holding up substantially better than peers. Higher inventory levels should suggest increased corporate borrowing. Another 18 year analysis suggests: Bank credit growth precedes/rises with inventory expansion – credit growth is currently falling, Bank credit … Read more Falling IIP – Industry Building Inventory ?

The CLSA Research Team did a tour of MP, UP and Chattisgarh and here is the ground reality about the Agriculture sector in these states. In Madhya Pradesh, the area under sowing this year has declined by 20-50% in different regions thanks to poor monsoons. Further yields are expected to decline significantly. A villager mentioned … Read more Agricultural growth poses a downside risks