The combined market value of seven out of the top ten most valued companies in India increased by Rs 2,10,254.96 crore last week.
The combined market valuation of eight of the top 10 most valued firms eroded by Rs 3,09,244.57 crore last week.
Last week, the combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore.
The combined market valuation of five of the top-10 most-valued firms tumbled Rs 1,85,952.31 crore last week.
The company's consolidated revenue increased 5.6 per cent to Rs 63,973 crore during the quarter.
Nine of the top-10 most valued firms together added Rs 2,01,552.69 crore in market valuation last week.
Last week, the combined market valuation of nine of the top 10 most valued firms jumped by Rs 95,522.81 crore. Reliance Industries, TCS and HUL emerged as the biggest gainers.
In view of genuine difficulties being faced by taxpayers, the CBDT issued a circular on Monday relaxing the provisions of TDS/TCS as per the Income-tax Act, 1961(the ‘Act’) in the event of the death of deductee/collectee before linking of PAN and Aadhaar.
The market capitalisation (Mcap) of IT majors Tata Consultancy Services (TCS) and Infosys lost the most amid broad-based selloffs due to fear of recession in the global markets.
Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerged as the biggest gainers.
