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.
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.
IT services major Tata Consultancy Services (TCS) on Thursday reported a drop in its employee headcount by 5,370 in the third quarter this fiscal (Q3 FY25), which is a reversal after two consecutive quarters of headcount growth.
The stock of Reliance Industries Limited (RIL), India's largest company by market capitalisation, has slipped by 23 per cent from its highest level in July this year.
With this growth, the company's consolidated net profit spiked to Rs 12,434 crore, compared to Rs 11,392 crore for the corresponding quarter of the previous year.
TCS said it will help reduce costs and realise economies of scale within Ramboll’s IT estate.
According to the notice by Maharashtra's labour and employment department, a joint meeting between the company and the complainant will be held on November 2 to address the issue.
The concerns triggered by the ongoing Israel-Hamas conflict had resulted in the creation of big short positions in the market, and now these shorts are being covered pushing the markets up, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The revenue for Q2 came at Rs 59,692 crore, an increase of 7.9% year-on-year. In constant currency terms, the revenue growth was 2.8% YoY.
