Business: Ratan Tata’s company became the world’s largest company
Business: TCS’ market valuation rose to Rs 14,51,739.53 crore last week. Ratan Tata’s Tata Group is one of India’s most valuable brands. The group is present in various sectors including automobile, retail and others. The group’s IT giant Tata Consultancy Services (TCS) added Rs 38,894.44 crore in market valuation last week (in 5 days). It became the highest gainer among the top 10 firms. TCS’ market valuation rose by Rs 38,894.44 crore to Rs 14,51,739.53 crore (as of July 5).
In addition, the market capitalisation of eight of the top 10 most valued firms in the stock market rose by Rs 1.83 lakh crore last week. Apart from TCS, Narayana Murthy’s Infosys was the biggest gainer. The BSE benchmark jumped 963.87 points or 1.21 per cent last week. Infosys added Rs 33,320.03 crore and its valuation rose to Rs 6,83,922.13 crore. Mukesh Ambani’s Reliance Industries’ valuation rose Rs 32,611.36 crore to Rs 21,51,562.56 crore and ICICI Bank’s valuation rose Rs 23,676.78 crore to Rs 8,67,878.66 crore.
Reliance Industries remained the most valued company followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever and ITC. However, HDFC Bank’s market capitalisation declined Rs 26,970.79 crore to Rs 12,53,894.64 crore. Bharti Airtel’s market capitalisation fell Rs 8,735.49 crore to Rs 8,13,794.86 crore.
