India's largest bank, State Bank of India (SBI) has recorded an impressive 60% rise in its first quarter tax payment at Rs 1,070 crore. The bank's first quarter tax payment last year was Rs 663 crore. The higher profit, of which the tax is an indicator , has been attributed to the cut in deposit rates without a simultaneous cut in lending rates.

The country's largest private sector bank, ICICI Bank, too, recorded a higher tax payment than last year. From Rs 340 crore last year, it has increased to Rs 366 crore this year. The first installment of advance tax, which falls in June, usually accounts for 15% of the total tax payable for the fiscal.

Sterlite Industries in its board meet held on Monday, 15 June 2009 approved raising long-term resources from domestic and international markets. As per reports, Sterlite would be looking to raise in the range of $2-2.5 billion by way of long term resources.

TCS will go ex-bonus from today, 16 June 2009. The company had earlier issued bonus shares in ratio of 1:1

Ansal Properties and Infrastructure on Monday, 15 June 2009 said it would raise up to Rs. 1,500 crore by way of qualified institutional placement (QIP). The company has also decided to seek approval of the shareholders for making public issue or any other issue, from time to time, for raising a sum of up to Rs. 2,500 crore.

Net profit of Shipping Corporation of India declined 19.27% to Rs 200.76 crore in the quarter ended March 2009 as against Rs 248.69 crore during the previous quarter ended March 2008. Sales declined 23.64% to Rs 806.95 crore in the quarter ended March 2009 as against Rs 1056.83 crore during the previous quarter ended March 2008.

Power Finance Corporation reported net profit of Rs 1,969.96 crore in Q4 March 2009 as compared with Rs 1,206.76 crore in Q4 March 2008. Net sales rose to Rs 6,557.37 crore from Rs 5,029.28 crore

Power Grid, RCF, ETC Networks, Jagran Prakashan will declare their March 2009 quarterly results today, 16 June 2009.