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