Five of top-10 companies add Rs 65,426 cr in m-cap
Business | February 03, 2019 12:27 ISTThe market capitalisation (m-cap) of TCS soared by Rs 41,914.13 crore to reach Rs 7,62,015.52 crore.
The market capitalisation (m-cap) of TCS soared by Rs 41,914.13 crore to reach Rs 7,62,015.52 crore.
IT majors TCS and Infosys will kick-start the earnings season later this week.
According to sources, TCS started an investigation in the matter after screenshots of abusive messages went viral. They added that the employee had admitted to having sent the threatening messages.
The m-cap of TCS soared by Rs 30,896.6 crore to Rs 8,36,352.25 crore.
The central bank had invited of expression of interest (EOI) in July for identification of solution provider for implementation of CIMS by overhauling the Data Warehouse (DW) of the apex bank.
Shares of RIL surged 2.75 per cent to Rs 1,181.35 on Tuesday, while the shares of TCS fell by 0.79 per cent to Rs 1,929.55.
Today's gains increased Ambani’s wealth to more than $42 billion. India’s richest man owns close to 47 per cent in RIL—the owner of the world’s largest oil refining complex.
The top-seven Indian based companies received only 8,468 approved H-1B visa petitions in the financial year 2017, a decline of 43 percent for these companies since the financial year 2015.
Gadkari said the government is coming up with an initiative to lift road crash victims to hospitals through helicopters to provide emergency medical care and in case of death to specialised hospitals for organ harvesting.
The $100 billion market-cap catapults TCS to an elite club. World over, there are only 63 other companies in this league, including the likes of Amazon and Facebook.
The Tata Group company, which accounts for a lion's share of the group's overall profit, reported a revenue growth of 8.2 per cent at Rs 32,075 crore for the said quarter, up from Rs 29,642 crore a year earlier.
Tata Sons is looking to sell around 2.83 crore shares amounting to about 1.48 per cent stake in TCS and the transaction is likely to be happen this week, the reports added.
At the close of trade today, TCS' market capitalization (m-cap) stood at Rs 6,11,634.03 crore (Rs 6.11 trillion), which is Rs 1,170.86 crore more than RIL's Rs 6,10,463.17 crore.
The Mumbai-headquartered company had posted a net profit of Rs 6,778 crore in the October-December quarter of the previous fiscal, the company said in a BSE filing.
The lawsuit against TCS was filed in 2015 by a white IT worker who claimed he was subject to "substantial anti-American sentiment" within the company and was ultimately terminated within 20 months.
TCS said an opinion and order have been issued by the Western District Court of Wisconsin, USA in the suit filed by Epic Systems Corporation against the company.
LBG said the move was part of a push to develop better digital services for customers with insurance, pensions and investment products.
It had posted a net profit of Rs 6,317 crore in the corresponding three-month period of the 2016-17 fiscal, the Mumbai-based firm said in a BSE filing
TCS, as per the study by Cambridge Group, has recruited more than 12,500 US employees from 2012-2016, ranking first in terms of US employee growth during that period
Chandrasekaran said TCS was one of the top recruiters in its markets worldwide.
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