Nine of top-10 most valued firms together add Rs 1.80 lakh crore in mcap; TCS biggest winner

Nine of top-10 most valued firms together add Rs 1.80 lakh crore in mcap; TCS biggest winner

The combined market valuation of nine of the top-10 most valued firms rallied by Rs 1,80,788.99 crore last week, amid an overall buoyant trend in equities, with Tata Consultancy Services (TCS) emerging as the biggest gainer. Last week, the BSE benchmark jumped 1,239.72 points or 1.86 per cent. The 30-share BSE Sensex rallied for the … Read more

OGs of Nifty! These 11 stocks have been in index since inception – D-Street Legends

OGs of Nifty! These 11 stocks have been in index since inception – D-Street Legends

Tata Consultancy Services. Share Price 3580.80 03:59 PM | 12 Sep 2023 100.16(2.87%) Larsen & Toubro. Share Price 2944.10 04:15 PM | 12 Sep 2023 49.91(1.72%) Infosys. Share Price 1501.10 03:59 PM | 12 Sep 2023 24.65(1.66%) Divi’s Laboratories. Share Price 3787.80 03:58 PM | 12 Sep 2023 51.56(1.37%) UltraTech Cement. Share Price 8571.65 03:56 … Read more

SBI plans to raise $750 million via overseas bond issues

SBI plans to raise $750 million via overseas bond issues

Mumbai: State Bank of India, which owns nearly a fifth of the country’s outstanding banking-sector credit, is tapping the overseas markets again to raise up to $750 million through bond sales being arranged by JP Morgan, BoFA Securities, Standard Chartered Bank and HSBC, two banking industry sources told ET. The bond sale, part of the … Read more

Mcap of three of top-10 most-valued firms erodes by Rs 82,082.91 cr; Reliance biggest laggard

Mcap of three of top-10 most-valued firms erodes by Rs 82,082.91 cr; Reliance biggest laggard

The combined market valuation of three of the top-10 most valued firms eroded by Rs 82,082.91 crore last week, with Reliance Industries taking the biggest hit. From the top-10 pack, Reliance Industries, HDFC Bank and State Bank of India were the three laggards, while Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, Infosys, ITC, Bharti … Read more

CAG asks Finance Ministry to put in place online Customs refund system

CAG asks Finance Ministry to put in place online Customs refund system

The Comptroller and Auditor General (CAG) has asked the Finance Ministry to consider having an online system for processing customs refunds along the lines of the GSTN system to make it more efficient. The official auditor has also flagged “inordinate delays” in the implementation of the module for daily updation of exchange rate and asked … Read more

Market valuation of 6 of top-10 most valued firms jumps Rs 2 lakh cr; Reliance, TCS big winners

Market valuation of 6 of top-10 most valued firms jumps Rs 2 lakh cr; Reliance, TCS big winners

Six of the top-10 most valued firms together added Rs 2,03,010.73 crore in market valuation last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers, amid an optimistic trend in equities. Last week, the 30-share BSE benchmark jumped 780.45 points or 1.19 per cent. The Sensex on Friday settled at its … Read more

NSDL files DRHP with SEBI for IPO

NSDL files DRHP with SEBI for IPO

India’s largest depository National Securities Depository Limited (NSDL) has filed its Draft Red Herring prospectus with the Securities and Exchange Board of India (Sebi) for an IPO. The IPO, which is an offer for sale (OFS) of 57,260,001 shares, will see IDBI Bank, NSE, SBI, HDFC Bank and Union Bank of India paring stakes. Post … Read more

Sensex up 2.5x from Covid lows as these 25 constituents turn multibaggers!

Sensex up 2.5x from Covid lows as these 25 constituents turn multibaggers!

From the COVID lows, the benchmark Sensex is up nearly three times, scaling past the 65,000-mark, and in this journey, 25 of its constituents have turned multibaggers. From March 2020, when COVID-19 pandemic brought the Indian economy to a standstill, the Sensex has risen a whopping 150%. On Monday, the index scaled a lifetime high … Read more

Over 20% upside! Dalal Street’s top 14 picks to ride a resurgent main Street

Over 20% upside! Dalal Street’s top 14 picks to ride a resurgent main Street

The Indian stock market is trading at an all-time high as strong inflows from foreign and domestic investors rush in on the back of improved earnings and macroeconomic indicators. However, retail investors are in two minds: whether to book profits or continue investing. For investors looking for signs of real economic recovery, not just the … Read more

Why has India’s corporate tax mop-up failed to match the pace of personal income-tax collection?

Why has India’s corporate tax mop-up failed to match the pace of personal income-tax collection?

Back in 2010-11, India’s corporate tax mop-up was twice its personal income tax (PIT) collection. Now both are almost equal. In the past decade, the nation’s direct tax story has shown a trend: while the growth of companies’ tax payouts has been modest, citizens are contributing much more to the exchequer than what they used … Read more