Transfin.
HomeNewsGuidesReadsPodcastsVideosTech
  1. News
  2. Explained

TCS crosses INR7tr market cap, Indian Banks post losses et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
May 25, 2018 1:03 PM 1 min read
Editorial

TCS crosses INR7tr market cap, Indian Banks post losses et al.

Editor's Comment: TCS becomes first Indian company to cross the INR7 trillion market capitalisation mark. The IT giant is followed by Reliance Industries, HDFC Bank, HUL, ITC, and HDFC etc.

 

NSE and MCX enter merger talks as part of implementing a universal exchange framework. NSE plans to gain in the commodities derivatives space, where MCX has a 90% market share.

 

13 public sector banks report combined losses of $8.6bn (INR53k cr) in FY17-18, incl. $6.8bn (INR44k cr) in Q4. Average 20% increase in NPAs since December. 6 PSBs to still report their results. Fitch Analyst claims there is "no growth capital" despite the government's $32bn bailout.

 

Toyota and Maruti Suzuki to collaborate over developing technology for new compact and highly efficient engine.

 

New stringent data protection regulation tagged as GDPR comes into force in the European Union. Few major US news sites including Chicago Time and LA Times temporarily blocked.

 

Republicans soon to release proposal to push back (again) the Affordable Care Act (ACA). Nascent proposal suggests the ending of ACA's expansion of Medicaid to channelise money to states as block grants.