Market valuation of six of top 10 valued domestic firms erode by Rs 1.71 lakh crore
Last week, the combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore.
Last week, the combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore.
IT major Infosys on Thursday reported 11.5 per cent increase in net profit at Rs 6,806 crore in the third quarter (Q3) this fiscal, from Rs 6,106 crore in the year-ago period.
The combined market valuation of five of the top-10 most-valued firms tumbled Rs 1,85,952.31 crore last week.
IT major Infosys has reportedly deferred the annual salary hike in the fourth quarter of FY 2024-25. The company last implemented a salary hike in November 2023.
The combined market valuation of four of the top10 most valued firms eroded by Rs 96,605.66 crore last week.
The study also revealed that the consumer or the retail sector was the largest wealth creating sector during the period under review.
At 12.25 p.m. the stock jumped to Rs 1,244.05, up by 1.91 per cent on the BSE. During the early trade, the shares soared over 2 per cent to its record high of Rs 1,249.
In 2015, Infosys had announced making a $3 million investment in US-based wearable device startup Whoop for a minority shareholding in the company.
Rolls-Royce established a multidisciplinary engineering centre in Bengaluru, and this has been an integral part of Rolls-Royce Engineering and R&D services.
In 2010, the West Bengal government had allotted 50 acres of land in the city's neighbouring Rajarhat area to the company, but refused the proposal for SEZ.
