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. The market capitalisation of Infosys declined Rs 37,579.03 crore to Rs 5,76,275.68 crore. The valuation of Reliance Industries eroded by Rs 30,841.38 crore to Rs 12,26,048.07 crore and that of State Bank of India diminished by Rs 11,735.86 crore to Rs 3,03,347.55 crore. Kotak Mahindra Bank s valuation tumbled Rs 6,620.48 crore to Rs 3,49,903 crore and that of Hindustan Unilever Limited dipped by Rs 4,534.66 crore to Rs 5,77,206.58 crore. Bharti Airtel witnessed a decline of Rs 2,636.18 crore taking its valuation to Rs 2,96,871.53 crore.
TCS, Infosys, 5 other firms m-cap drops by Rs 1.4 lakh cr in a week
The valuation of Reliance Industries eroded by Rs 30,841.38 crore to Rs 12,26,048.07 crore and that of State Bank of India diminished by Rs 11,735.86 crore to Rs 3,03,347.55 crore
PTI | April 18, 2021 | Updated 12:40 IST
The market capitalisation of Infosys declined Rs 37,579.03 crore to Rs 5,76,275.68 crore
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.
The market capitalisation of Infosys declined Rs 37,579.03 crore to Rs 5,76,275.68 crore.
Market capitalisation of 7 of top-10 valued firms tumble over Rs 1.41 lakh crore
PTI
New Delhi |
Updated on
April 18, 2021
Market capitalisation of Infosys declined Rs 37,579.03 crore 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 (TCS) tumbled Rs 47,680.78 crore to reach Rs 11,81,218.07 crore. The market capitalisation of Infosys declined Rs 37,579.03 crore to Rs 5,76,275.68 crore. The valuation of Reliance Industries (RIL) eroded by Rs 30,841.38 crore to Rs 12,26,048.07 crore and that of State Bank of India diminished by Rs 11,735.86 crore to Rs 3,03,347.55 crore.
TCS, Infosys, 5 other firms m-cap drops by Rs 1 4 lakh cr in a week origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.
The Covid-19 crisis has driven home the need for collaboration, partnerships, and alliances among businesses like never before, Hindustan Unilever (HUL) Chairman and Managing Director Sanjiv Mehta said on Friday. Mehta was delivering his keynote address virtually on the second day of the Amazon Smbhav Summit, where he pointed out that to stay resilient and agile, it was important to have a nimble supply chain and a data-driven ecosystem that could be dynamically managed. “At HUL, for instance, we drove the fast recovery of operations through strategic partnerships. In some cases, even collaborating with manufacturers and other industries to meet the rising demand of some products,” he said.