Wednesday, January 24, 2018
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TCS becomes second co to surge past Rs 6 lakh cr mcap mark

24 Jan 2018 | 12:41 PM

NEW DELHI: Tata Consultancy Services' market valuation surged past Rs 6 lakh crore mark today, becoming the second company to achieve the milestone after Reliance Industries Ltd.

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TCS becomes second co to surge past Rs 6 lakh cr mcap mark

New Delhi, January 24

Tata Consultancy Services' market valuation surged past Rs 6 lakh crore mark today, becoming the second company to achieve the milestone after Reliance Industries Ltd.

During the late morning trade, the market capitalisation (m-cap) of TCS stood at Rs 6,12,696.46 crore.

The company also surpassed RIL to become the country's most valued firm in terms of market valuation.

Shares of the IT major rose by 4.88 per cent to Rs 3,254.80 -- its 52-week high -- on BSE.

Shares of RIL however, fell by 1.89 per cent to Rs 963.10. RIL's m-cap stood at Rs 6,11,096.56 crore during the late morning trade.

In the ranking of top-five firms, TCS stood at number one position followed by RIL, HDFC Bank (Rs 5,08,576.16 crore), ITC (Rs 3,41,332.79 crore) and HDFC (Rs 3,03,382.63 crore).

PTI

Dalal Street on historic high

Dalal Street on historic high

24 Jan 2018 | 12:46 AM

MUMBAI: Domestic equities continued euphoric run for the fifth straight day riding a wave of optimism, with the BSE Sensex surging past the 36,000-level and the NSE Nifty breaching the 11,000-mark for the first time ever following IMF’s GDP forecasts for India coupled with positive global cues.

budget expectations: ENGG EXPORTS

Exporters seek decisive fiscal steps to give fillip to exports

24 Jan 2018 | 12:46 AM

CHANDIGARH: The engineering exporters from the northern region hope that the Union Budget will entail decisive fiscal steps to boost the exports that have been hit after the demonetisation and GST.

Maruti to roll out new Swift on Feb 8

24 Jan 2018 | 12:46 AM

NEW DELHI: Country’s largest carmaker Maruti Suzuki India Ltd (MSIL) will launch all-new Swift at the Auto Expo on February 8.

Apple shipped 29 mn iPhone X units in Q4 2017: Canalys

Apple shipped 29 mn iPhone X units in Q4 2017: Canalys

24 Jan 2018 | 12:35 PM

SINGAPORE: Apple shipped 29 million iPhone X units in the fourth quarter of 2017, Singapore-based market research firm Canalys has said, adding that this has made iPhone X the world’s best-shipping smartphone model over the holiday season.

Petro prices: Oilmin seeks excise duty cuts

24 Jan 2018 | 12:46 AM

NEW DELHI: Petrol prices on Tuesday hit the highest level since the BJP government came to power in 2014, and diesel touched a record high of Rs 63.20 a litre, prompting the oil ministry to seek a cut in excise duty.

GST on fitness services: MP to take up issue

24 Jan 2018 | 12:46 AM

JALANDHAR: Jalandhar MP Chaudhary Santokh Singh has assured the fitness-freak fraternity that he will raise the issue of imposition of 18% GST on gym-related services in the next session of Parliament.

Jio hikes per day data limit by 500 MB

24 Jan 2018 | 12:46 AM

NEW DELHI: Stepping up the tariff war, Reliance Jio has decided to offer 500 MB extra data to its subscribers using 1GB and 1.5GB per day data packs with effect from January 26.

Briefly

Microsoft unveils Xbox One X at Rs 44,990

24 Jan 2018 | 12:46 AM

Microsoft on Tuesday launched the Xbox One X, which is the latest version of the existing Xbox One, aimed at hard-core Indian gamers at Rs 44,990 and will be available for purchase online in India on the Microsoft India store, Amazon India and Flipkart.

Petrol, diesel prices jump; Oilmin seeks excise duty cuts

23 Jan 2018 | 2:42 PM

NEW DELHI: Petrol prices on Tuesday hit the highest level since the BJP government came to power in 2014, and diesel touched a record high of Rs 63.20 a litre, prompting the oil ministry to seek a cut in excise duty.

Sensex breaches 36,000 mark, Nifty trades above 11,000 level

Sensex breaches 36,000 mark, Nifty trades above 11,000 level

23 Jan 2018 | 5:27 PM

MUMBAI: The benchmark BSE Sensex on Tuesday went past the 36,000 level for the first time while the Nifty hit another record high of 11,045.60 in late morning trade.

Jaquar celebrates spirit of design with Design ConfabThe Tribune Corporate Broadband

Jaquar celebrates spirit of design with Design Confab

23 Jan 2018 | 12:22 AM

Jaquar Group has launched Design Confab, a unique platform that brings together leading architects, builders and designers to celebrate the spirit of design.

Dilip Chenoy appointed Ficci Director General

23 Jan 2018 | 12:22 AM

The Ficci on Monday said it has appointed Dilip Chenoy as its Director General.

SBI favours hike in tax exemption limit to Rs 3 lakh

23 Jan 2018 | 12:22 AM

NEW DELHI:With rise in personal disposable income post 7th Pay Commission, the income tax exemption limit needs to be raised by Rs 50,000 to Rs 3 lakh, a SBI report said on Monday.

Sensex, Nifty at new peak

23 Jan 2018 | 12:22 AM

MUMBAI:Stocks ended at record highs for the fourth session in a row today on sustained foreign fund inflows and persistent buying by domestic investors in bluechips led by Reliance Industries, ONGC and TCS.

IMF forecasts India growth at 7.4% in ’18

23 Jan 2018 | 12:22 AM

WASHINGTON/DAVOS: India is projected to grow at 7.4% in 2018 as against China’s 6.8%, the IMF said today, making it the fastest growing country among emerging economies following last year’s slowdown due to demonetisation and the implementation of the GST.

Manufacturers seek reduction in duty, incentives on exports

Manufacturers seek reduction in duty, incentives on exports

23 Jan 2018 | 12:22 AM

CHANDIGARH:Having experienced pressure on exports across segments in the recent past, the textile sector, largely dominated by the SMEs, has sought certain concrete measures to boost exports.

DP World, NIIF join hands

23 Jan 2018 | 12:22 AM

NEW DELHI:The Finance Ministry today announced National Investment and Infrastructure Fund (NIIF) has made its first investment.

Indian trading on London Stock Exchange registers hike

22 Jan 2018 | 10:37 AM

LONDON: The trading of Indian Global Depository Receipts (GDR) on London Stock Exchange showed a marked increase in 2017 compared to 2016, which experts said reflects enhanced investors’ interest in one of the fastest growing major economies in the world.

Sensex hits new peak at 35,664.01, Nifty at 10,926.45

22 Jan 2018 | 10:05 AM

MUMBAI: The key stock indices Sensex and Nifty jumped to new highs in early session on foreign fund inflows and persistent buying in bluechips like RIL that posted better-than-expected quarterly earnings.

Tax Advice

No rebate u/s 87A if income above Rs 3.5 L

22 Jan 2018 | 12:59 AM

Q. I am a pensioner aged about 79 years. I am a disabled person and entitled to a rebate of Rs 75,000 under Section 80U. My gross pension is Rs 4,70,000 for the FY 2017-18.

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