Photo: Insustrial Automation Magazine
HCL Joins Club of Top-Ten Valued Firms in India
HCL Technologies Limited on September 17 entered the list of top ten publicly traded firms in India. HCL replaced ITC for the tenth position and its market value stood at Rs 2.21 trillion. Reportedly, HCL's shares have risen by 43.3% this year. Currently, Reliance Industries tops the list of firms' market capitalisation with Rs 15.71 trillion, followed by Tata Consultancy Services (Rs 9.31 trillion) and HDFC Bank (Rs 5.95 trillion).
Tags: HCL, TCS, RIL, Indian Economy
Courtesy: Live Mint
Photo: The Financial Express
8 Top Companies Face a Loss of Rs 1.11 Lakh Crore in Market Value
A total loss of Rs 1,11,799.05 crore was faced by eight leading companies in the first week of September. ICICI Banks and Reliance Industries Limited alone faced a combined loss of Rs 49,693.28 crore. In addition to them, HDFC, Kotak Mahindra Bank, ITC, Infosys, Hindustan Unilever also faced losses in their market value. On the contrary, TCS and HDFC banks faced a combined gain of Rs 22,398.11 crore in their values.
Tags: TCS, HDFC BANK, RIL, ICICI, SHARE MARKET
Courtesy: Deccan Herald
Photo: Twitter/TCS
TCS Liable for Paying $140 Million to EPIC Systems as Punitive Damage: US Court
Tata Consultancy Services (TCS) is upheld for punitive damages of $140 million by the US Court of Appeals. Reportedly, the case against TCS was filed by the US firm EPIC Systems Corporation in 2014. The court records say, EPIC accused TCS of "brazenly stealing" confidential information to help its competitor. However, TCS claimed that there is no evidence of information misuse, and it will fight against the verdict.
Tags: TCS, US COURT, EPIC SYSTEMS, MISUSE INFORMATION
Courtesy: NDTV
