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India Business News: The top companies in India's information technology sector have witnessed a decline in their workforce for the fourth consecutive quarter. This can be
IT companies, which earn a significant share of their revenue from the US, lost about 3%, after data showed that inflation in the world's largest economy slowed less than expected in January, hurting market expectations of an early Federal Reserve rate cut.
Reliance Industries (RIL) becomes the first listed Indian entity to cross Rs 20 lakh crore market cap milestone. Analysts from Morgan Stanley, Jefferies, Sharekhan, and Citi have provided target prices and assessments of RIL's future prospects. RIL's market value has increased by Rs 1 lakh crore in the last two weeks alone.
Four of the top-10 most valued firms together added Rs 2.18 lakh crore in market valuation last week, with Life Insurance Corporation and State Bank of India
Market Capitalization of four most valued firms jumps ₹2.18 lakh cr; LIC, SBI lead gainers.