Tata Consultancy Services (TCS) on Monday became the second Indian firm to attain a market valuation of over Rs 9 lakh crore after Reliance Industries Limited. The company's market valuation went past Rs 9 lakh crore in early trade helped by a rally in its share price.
InfosysLimited on Monday announced a definitive agreement to acquire GuideVision, one of the largest ServiceNow Elite Partners in Europe.
Domestic equity benchmark Sensex jumped over 300 points in early trade on Monday tracking gains in index majors Reliance Industries, HDFC twins and HCL Tech amid positive global cues and fresh foreign fund inflow.
Microsoft has confirmed that ByteDance has rejected its offer to take over TikTok's US operations. Oracle is the only known remaining bidder.
As many as 13 states ruled by the BJP and parties that have supported it on various issues have submitted their borrowing options to the Centre to meet the GST revenue shortfall. These 13 states include Bihar, Odisha, Andhra Pradesh, Gujarat, Uttarakhand, Meghalaya, Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh.
SBI Card is in the process of enrolling "delinquent" customers, who did not repay after the end of moratorium, in the RBI restructuring scheme or its own repayment plan to provide them more time for repayments, a top company official said.
Shares of Reliance Industries were in the limelight last week amid media reports that it has offered a 40 per cent stake in its retail arm worth about USD 20 billion to Amazon.com, which the company said was speculative.
Four of the 10 most valued Indian firms added Rs 3,01,847.99 crore to their market capitalisation last week, led by Reliance Industries which surpassed the Rs 15 lakh crore mark in valuation.
In some relief, Insurance Regulatory & Development Authority of India (IRDAI) has granted exemption to insurers from requirement of issuing policy document and copy of the proposal in physical form in respect to certain policies including all motor, and fire insurance policies, till March 31, 2021.
On Saturday, tomato was quoted at Rs 80-85 per kg by vegetable hawkers and vendors in unorganised markets depending on the quality and residential colonies.
The Rs 90,000-crore liquidity package for discoms to help them pay their dues till the month of March would soon be enhanced to Rs 1.2 lakh crore factoring in these utilities' outstanding till June, said a senior official.
Chinese short-video-making app TikTok has partnered with luxury designers like Saint Laurent, JW Anderson, and Louis Vuitton to host its own digital fashion month at a time when the Covid-19 pandemic has disrupted the plans of major brands.
Challenging tech giants like Microsoft and Google, Chennai-headquartered software development company Zoho Corporation has launched a fully integrated, single software platform that brings together collaboration, productivity and communications tools under one roof.
In Delhi, the price of petrol was slashed to ₹ 81.86 from ₹ 81.99 per litre and diesel rates were lowered to ₹ 72.93/litre from ₹ 73.05 per litre, according to notifications by the state-run Indian Oil Corporation, the country's largest fuel retailer.
Drugs Controller General of India (DCGI) has directed Serum Institute of India to suspend till further orders new recruitment in phase 2 and 3 clinical trials of the Oxford COVID-19 vaccine candidate in the backdrop of pharma giant AstraZeneca pausing the trials in other countries.
Industrialist Mukesh Ambani's Reliance Industries Limited (RIL) has become India's first company to cross $210 billion market cap, entering the top 40 of worlds most valuable firms. At this market valuation, Reliance Industries is now worlds 40th most valuable firm ahead of the likes of Exxon Mobil, PepsiCo, SAP, Oracle, Pfizer and Novartis.
Gold prices went down by Rs 191 to Rs 52,452 per 10 grams on Friday in the national capital amid tepid international trends, according to HDFC Securities.
Domestic equity benchmarks Sensex and Nifty ended on a flat note on Friday amid lack of fresh buying triggers and mixed global cues.
Zomato has raised USD 160 million (about Rs 1,173 crore) in funding from Tiger Global and Temasek Holdings subsidiary MacRitchie Investments, valuing the online food ordering platform at USD 3.3 billion, said Info Edge.
In an executive order last month, Trump had set September 15 as the deadline for the Chinese app to either change its ownership to an American company or shut it down.
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