New Delhi: Eight of the top-ten most valued companies together added a whopping Rs 2,50,005.88 crore in market valuation last week amid a rally in the equity market, with Reliance Industries and Tata Consultancy Services emerging as the lead gainers. Last week, the BSE benchmark Sensex jumped 1,490.83 points or 2.55 per cent. Among the … Read more
NEW DELHI: Indian mutual fund industry is a crowded space with as many as 44 players in the fray and many more planning to enter. This is understandable given there is a huge growth opportunity in the industry. But in every industry, there comes a time when consolidation starts. Sometimes smaller players are absorbed by … Read more
MUMBAI: Tata Consultancy Services’ underwhelming earnings on Friday had shook the faith of several investors in the IT growth story, however, ’ numbers today should assuage those concerns going ahead. The Bengaluru-based company reported better-than-expected revenues and net profit for the quarter ended September as its juggernaut rolls on. The company’s consolidated net profit rose … Read more
New Delhi: Ltd on Tuesday became the fourth Indian company to touch a market valuation of $100 billion. The IT services major has joined the league of , Reliance Industries and HDFC Bank for crossing the $100 billion-mark in terms of market capitalisation (m-cap). The milestone was achieved during the morning trade when the scrip … Read more