VISHAL INFO – Total 2425372 shares purchased as bulk deal by 12 trading houses and individuals at average rate of 275.32.

*courtesy stoxandmore...

-- TRANSGLOBAL SECURITIES LTD have made bulk deal of 777100 shares at average rate of Rs. 103.02.

*courtesy stoxandmore...

-- TRANSGLOBAL SECURITIES LTD have made bulk deal of 542322 shares at average rate of Rs 176.51.

*courtesy stoxandmore....

Ansal infrastructures -- .MERRILL LYNCH CAPITAL MARKETS AND ESPANA S.A. S.V. have made bulk deal of 608140 shares at Rs. 106.44.

*courtesy stoxandmore...

The economic slowdown appears to be casting its shadow over corporate profitability expectations. So while direct tax proceeds have almost doubled in the first four months of the fiscal, the advance tax kitty has not risen proportionately.
While corporate collections from direct tax up to end-July increased by 46.95% over the previous fiscal, advance tax collections rose by a mere 18%. Until July 31 this year, the government netted Rs 23,500 crore in advance tax, against Rs 19,900 crore in the same period a year earlier. In 2007, advance tax collections from the first installment increased 35%, against Rs 14,700 crore up to July 31, 2006.
“There has been an increase in corporate advance tax collections, but it is lower than what was recorded last fiscal,” an official source told FE. A clearer picture will probably emerge once the second installment is paid by September 15, he added. Advance tax is considered a good indicator of corporate profitability as it is paid based on the year’s estimated earnings.
Instead of paying a lump sum at the end of the fiscal, companies make their tax payments in four installments, the deadlines for which are June 15, September 15, December 15 and March 15. Companies pay 15% of advance tax estimates by June 15, another 30% by September 15, followed by another 30% by December 15. The remaining 25% is paid by March 15.
Tax officials said the top 50 advance-tax paying companies paid at least 25% higher tax in the June 2008 installment. But smaller companies have made lower payments. According to the list of 100 top advance taxpayers until June 15, many banks and infrastructure companies expect a fall in profits and have paid less tax.
The higher cost of oil, raw materials and financing, along with the weakening rupee, has squeezed corporate margins, analysts said. So, while toplines may grow reasonably well this year, expenses would also be higher, impacting overall profitability.
“There is a sense that some sectors like automobiles are slowing down. There will continue to be growth in margins, although there is also greater pressure on them, which will impact advance tax payments,” said Gaurav Taneja, partner, Ernst & Young.
Mahesh Purohit, director, Foundation for Public Economics & Policy Research, said, “In view of the anticipated lower growth in the economy, companies may estimate a decline in their growth of income, which may affect their tax and contractual payments.” The September 15 payment will be crucial, he added.
The increase in direct taxes until July has been mainly because of better collections, an income-tax official explained. Despite the lower advance tax collections, the CBDT is confidence of achieving its Budget target of almost Rs 4 lakh crore. T
-TFE

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India\'s annual inflation rate is forecast to have risen to 12.63 percent on Aug. 9, which would be the highest since annual numbers in the current series ...

The chief executive of Infosys Technologies, India\'s second-largest software services exporter, said the business environment remained challenging but there was no move by clients for lower prices.

Nasdaq-listed Infosys is finding new business opportunities despite an uncertain global economic environment, S. Gopalakrishnan said on Wednesday.

\"We see opportunities with existing clients, we see opportunities with new clients,\" he said.

\"We need to accelerate growth with new clients,\" he said.

Last month, Infosys, which develops applications, designs supply chains and offers back-office services, reported a 21 per cent rise in quarterly profit but warned of challenging times ahead as its major Western clients battle weakening economies.

Indian outsourcing firms such as Infosys and its bigger rival Tata Consultancy Services are expanding to Europe, Asia, the Middle East and Latin America to cut their dependence on the United States. -TFE
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Reliance Capital is a buy at CMP and surely a very good buy on dips at all levels, will definetely be moving northwards any time.FFIs a just not participating but are very carefully have a watch on the Indian Markets, mind it that currently they are not in a good to pump any fresh investment but have very selectively take money out, though very little from the Indian Markets and will return very soon in a big way....

immediate target would be 140+. best buy at current levels -somu...

4440 to 4700+ in less than 10 trading session. What about the strong resistance level of 4550 and 4600....

Nobody in Bihar buys railway tickets - because all railway ministers have been from bihar. - the trains would be full from the starting station itself. Lalloo himself will flag off from Patna station....

Any view on the stock??...

DELHI PROPERTY PRICE FALL 50-55 PERCENT AS PER CONTINUE LOW LEVEL OF INDIAN SHARE MARKET ,AND CONTINUE INFLATION ABOVE 7 PERCENT ,AND HIGH HOME LOAN PROPERTY BUYING IS SUCIDAL IN THIS SITUATION GOVT SHOULD BANNED ON BANK LAON FOR SOME TIME TO CONTROL INFLATION delhi some comminuity specail occupied and ilegal land home slam METRO PROEPRTY PRICE WILL FALL 50-60 PERCENT IN 12 MONTH ...

DLF has the target of 620 by end of September...