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Investor wealth tumbles over Rs 3.70 lakh cr as markets crack PTI New Delhi | Updated on April 19, 2021 The market capitalisation of BSE-listed companies declined by Rs 3.7 lakh crore in morning trade Investors' wealth tumbled over Rs 3.70 lakh crore in morning trade on Monday as markets went into a tailspin amid a record surge in coronavirus cases in India. The 30-share BSE benchmark index tanked 1,469.32 points to 47,362.71 in early trade. Following the massive sell-off, the market capitalisation of BSE-listed companies declined by Rs 3,70,729.4 crore to Rs 2,01,60,016.60 crore in morni...

Tata Consultancy Services (TCS), India’s largest IT services player, reported a strong set of numbers for its fourth quarter of FY21, as clients continued to spend on digital services and focused on reimagining their business operations. The biggest takeaway from the Q4 numbers was the order book at $9.2 billion, the highest ever reported by TCS in a quarter since the company started reporting this metric. TCS’ net profit for the quarter was up 14.9 per cent at Rs 9,246 crore year-on-year, and 6.2 per cent quarter-on-quarter (QoQ). Revenue at Rs 43,705 crore grew 5.9 per cent YoY and 4...

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While Reliance Industries is India’s largest firm by market capitalisation, the Tata Group holds sway as the biggest conglomerate. The 153-year-old behemoth has 29 listed entities, and is involved in businesses ranging from tea to technology. Va­lued at over Rs 17 trillion ($232 bn), their combined worth has increased about 47 per cent since the start of last year. “The inherent reasons driving this grow­th are professional management, a far better capital allocation, with a strong effort by group companies to reduce debt and greater accoun­tability for the top managers,” says Ami...

M-cap of eight of top-10 valued firms zoom Rs 1.94 lakh crore PTI New Delhi | Updated on March 07, 2021 HDFC Bank, SBI see losses in valuations. Eight of the top 10 valuable firms added over Rs 1.94 lakh crore to their market valuation last week, led by Reliance Industries Ltd (RIL). On the contrary, HDFC Bank and State Bank of India (SBI) witnessed losses in their valuations. RIL added Rs 60,034.51 crore to take its valuation to Rs 13,81,078.86 crore. The valuation of Tata Consultancy Services (TCS) rose by Rs 41,040.98 crore to Rs 11,12,304.75 crore and that of Kotak Mahindra Bank jumped...