TCS, Infosys, 5 other firms market value tumbles by Rs 1.4 lakh crore in a week
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TCS, Infosys, 5 other firms market value tumbles by Rs 1.4 lakh crore in a weekPTI
Last Updated: Apr 18, 2021, 11:08 AM IST
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The market capitalisation of Infosys declined by Rs 37,579.03 crore to Rs 5,76,275.68 crore. IT companies took the biggest hit last week.
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NEW DELHI: Seven of the 10 most valued firms witnessed a combined erosion of Rs 1,41,628.37 crore in market valuation last week, with IT companies taking the biggest hit.
The market valuation of Tata Consultancy Services tumbled Rs 47,680.78 crore to reach Rs 11,81,218.07 crore.
Madhya Pradesh: Reliance gives 60 tonnes of oxygen to Indore, promises 100 tonnes every day timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.
Amid rising COVID-19 cases, Reliance provides 30 tonnes medical oxygen to Indore ANI | Updated: Apr 18, 2021 02:23 IST
Indore (Madhya Pradesh) [India], April 18 (ANI): Amid nationwide shortage of medical oxygen to treat Covid patients, Reliance Industries Ltd has come forward to assist the country battle the coronavirus outbreak and has supplied 30 tonnes of medical oxygen to Indore.
A tanker from Gujarat s Jamnagar reached Indore on Saturday carrying 30 tonnes of medical oxygen amid its shortage in the hospitals of the city.
Bharatiya Janata Party (BJP) leader and Minister Tulsi Silavat and the party s city president Gaurav Ranadive welcomed the tanker around 10 pm on Chandan Nagar s Dhar road.
Updated Apr 16, 2021 | 12:40 IST
In response to the crisis, the central government has asserted that oxygen production is being ramped up, adding that surplus stocks were also available. Representational image. | Photo Credit: PTI
Key Highlights
On Thursday, a statement from the Union Health Ministry noted that the central government had acknowledged surging demand for medical oxygen with coronavirus cases rising exponentially in some states
The government, on Thursday, revealed that the Health Ministry has been asked to finalise a tender and study the possibilities of importing 50,000 MT of medical oxygen to cater to the skyrocketing demand
According to reports, India s daily medical oxygen production capacity stands at 7,127 MT, significantly higher than the current daily consumption of 3,842 MT
Indian Billionaire, State-Run Oil Firm To Supply Oxygen For India s COVID-19 Fight
KEY POINTS
State-owned oil marketing firm to supply oxygen free of cost in the south
Capital Delhi overtakes Mumbai in number of daily infections
Asia s richest man and oil tycoon, Mukesh Ambani, has offered to send 100 tons of oxygen to western India s hospitals struggling to cope with a deadly second wave of COVID-19. The financial hub of Mumbai, along with the wider Maharashtra state, is expected to require 2,000 metric tonnes of oxygen per day by April-end.
Ambani-owned Reliance Industries Ltd, which operates the world s biggest refining complex in the western part of India, has agreed to distribute 100 tons of oxygen, Maharashtra Urban Development Minister Eknath Shinde said in a tweet. Mumbai is home to the Reliance headquarters and Ambani s famed $2 billion private residence.