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Business

Reliance Industries topples TCS with highest market capitalisation

Reliance Industries Ltd (RIL) on Tuesday surpassed Tata Consultancy Services (TCS) in market capitalisation (market-cap) in India.

At 1.08 p.m., the market-cap of Reliance Industries on the BSE stood at around Rs 7.47 lakh crore, against the Rs 7.39 lakh crore worth of market-cap of Tata Consultancy Services.


Rs 15,167 cr unclaimed money lying with life insurance companies

A staggering amount of Rs 15,167 crore amount belonging to policyholders is lying unclaimed with 23 life insurance companies, according to latest regulatory data.

 


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Sensex, Nifty continue to climb new highs; consumer durables, FMCG stocks rise

The bull run in the domestic equity indices continued on Friday, with both the S&P BSE Sensex and the NSE Nifty50 climbing to fresh record levels.

Equity indices hit record highs; Sensex touches 37,000-mark

The S&P BSE Senseex and the NSE Nifty50 touched thier new record highs during the intra-day trade session on Thursday.

Qualcomm scraps $45 bn NXP deal after no response from China

San Diego-based chipmaker Qualcomm has walked away from buying Dutch firm NXP Semiconductors for $45 billion after the Chinese regulators did not grant last-minute approval to the deal.

Facebook lost $120 bn in market value over slow growth

Facing global backlash over the massive Cambridge Analytica data scandal, Facebook stock nosedived 20 per cent -- wiping over $120 billion off the company's market value -- after its revenue and user growth in the second quarter of 2018 fell short of investor expectations.

Indian-US couple make $2 bn on sale of firm started with $2000

Syntel co-founders, Bharat Desai and his wife Neerja Sethi, have seen their rankings dive on the Forbes Richie Rich lists in the past few years. Desai, who was ranked the richest Indian-American in the World Billionaires list in 2014, came in at No. 1999 in the 2018 rankings. Similarly, Sethi ranked 21st on the magazine's list of America's 60 self-made richest women, down from rank 14 in 2015.

Equity market gains with Nifty closing over 11,000; rupee recovers from record low

 Hopes of political stability as the current government seemed confident of winning the trust vote in parliament lifted investor sentiments in the Indian equity market.

Weak rupee, global cues depress equity indices; rupee ends below 69 per dollar

Depreciation in the Indian rupee and domestic political uncertainty subdued the key Indian equity indices on Thursday.

EU slaps record $5 bn fine on Google, Pichai says will appeal

Accusing Google of illegally using Android mobile devices to strengthen dominance of its search engine, the European Commission on Wednesday imposed a record fine of 4.34 billion euros ($5 billion) on the tech giant, which said it would appeal against the decision.

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