TCS again becomes most valued Indian firm by market cap

TCS again becomes most valued Indian firm by market cap

Friday, 27 March 2020 | PTI | New Delhi

Tata Consultancy Services (TCS) on Friday reclaimed its status as the country's most valued firm by market valuation. At close of trade on Friday, the market capitalisation of TCS was at Rs 6,82,408.68 crore, which was about Rs 6,959.73 crore more than that of RIL's Rs 6,75,448.95 crore valuation on the...

Asia markets mixed as US lawmakers debate stimulus

Friday, 27 March 2020 | AFP | Hong Kong

Asian markets mostly rose or clawed back early losses on Thursday as investors breathed a sigh of relief that US senators have finally passed a gargantuan stimulus package for the world’s top economy after being delayed by wrangling over details. Unprecedented USD 2 trillion plan — described by Senate Majority Leader...

Crisil cuts FY21 growth estimate sharply to 3.5%

Friday, 27 March 2020 | PTI | Mumbai

The severe dent in the economic activity due to the coronavirus pandemic led rating agency Crisil to sharply cut its growth estimate for 2020-21 to 3.5 per cent, on Thursday. Earlier, the agency had predicted an economic growth of 5.2 per cent for the next financial year. The agency welcomed the Rs...

Unitech board working on resolution plan to complete stalled realty projects: Hiranandani

Friday, 27 March 2020 | PTI | New Delhi

Crisis-hit Unitech’s board, which has been superseded by the Central Government, is working on a resolution plan to complete stalled realty projects but the pace has slowed due to the coronavirus pandemic, its member Niranjan Hiranandani said on Thursday. “Board is working on resolution plan but now, with the pandemic...

E-commerce companies temporarily stop taking orders for non-essential items

Friday, 27 March 2020 | PTI | New Delhi

E-commerce companies Paytm Mall, Amazon and Flipkart have temporarily stopped taking orders for non-essential items due to restrictions imposed during the nationwide lockdown to stop the spread of coronavirus. The companies had on Wednesday complained about their delivery staff being punished by local police despite government orders to exempt them from...

ESAF Small Finance Bank gets Sebi’s go-ahead for Rs 976 cr IPO

Friday, 27 March 2020 | PTI | New Delhi

ESAF Small Finance Bank has received capital markets regulator Sebi’s go-ahead to float a Rs 976-crore initial public offering. The company had filed draft papers with Sebi in January and obtained its  “observations” on March 20, as per the latest information available with the markets watchdog. Sebi’s observations are necessary...

Yes Bank board okays fund raising of Rs 5,000 cr

Friday, 27 March 2020 | PTI | New Delhi

Cash-starved private sector lender Yes Bank on Thursday approved a proposal to raise Rs 5,000 crore by way of share sale, including qualified institutions and rights issue. The board meeting held on Thursday cleared this proposal. This fund raising will be over and above Rs 10,000 crore cleared on February...

More than dozen PSBs announce COVID-19 emergency credit line

Friday, 27 March 2020 | PTI | New Delhi

More than a dozen public sector banks have announced COVID-19 Emergency Credit Line to deal with the hardships faced by various sectors of the economy. Though public sectors banks (PSBs) were quick to respond with steps to deal with the hardships faced by various sectors of the economy, private sector banks...

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