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Urja Sangam in Delhi Capital Notes Latin America beckons India for investments Fox Star Studios to tie-up with Bolly-wood and Kollywood Hyundai Grand i10 awaiting launch Plans to double trade with Latin America ONGC to draw down on reserves to meet CAPEX needs LANCO opens negotiations with buyers for Karnataka power plant Jet-Etihad Rs 2000 plus crore deal to be cleared TVS bullish on the two wheeler market? Hunt for new finance secretary on... Lanco to sell Australian acquisition Vodafone slapped with tax notice of Rs 3700 crore Trends point to a hung assembly Infosys not to cut prices Carlyle invests in Trehan’s Medanta Medical Centre Wal-Mart studying FDI norms post split with Bharti Kolkata kisses goodbye to Ambi? Aircraft lessors to get protection from defaulting airlines Airlines hit by service tax on lease Vodafone to buy out minority shareholders Smartphone prices may change Flipkart India in the red by Rs 280 crore How important is Modi’s German visit... TCS, India’s biggest block buster Singapore Airlines prefers Airbus Automobile sector in slump... Canada screams over IT outsourcing to India SpiceJet in the news again Excise duty may halt the war in SUV market Renault revving up small car launch GMR to raise US $ 250 mn thru QIP While MoTown is on a tailspin, the telecom sector is staging a rally German envoy Steiner caps a language row
 
TCS, India’s biggest block buster

Tata Consultancy Services (TCS) has achieved a market valuation of Rs 4 lakh crore after a month long gap, buoyed by a smart rally in its stock price. Today, it’s the only company with a market capitalisation of over Rs 4 trillion (Rs 4 lakh crore), the highest for the company since its listing in 2004.  It’s only the second company to cross this milestone in the Indian market. In 2007, RIL had raced past that number but has today a little more than a third of its value.

TCS share trading rose by 2.52 per cent in early September to close at Rs 2084.05. The stock traded at its all-time high of Rs 2094. Shares of TCS have risen by nearly 65 per cent so far this year. Large IT companies benefit from a weaker rupee, because these companies earn a major chunk of their revenues in dollars from their US clients.

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