Market capitalisation of nine of top 10 most valued firms jump ₹3.35 lakh crore; Reliance biggest winner

Nine out of the ten most valuable companies saw a combined increase of ₹3.35 lakh crore in their market capitalisation last week, reflecting an overall positive momentum in the stock market, with Reliance Industries leading the surge. Among the top 10 firms, HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India, Infosys,…

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Wipro’s mega deal win ushers confidence, but it has a long way to go

Top-tier IT services provider Wipro Ltd bagged a mega deal worth 500 million pounds from Phoenix Group—the UK’s largest long-term savings and retirement business. The 10-year strategic project is designed to deliver life and pension business administration for the ReAssure business and accelerate Phoenix Group’s operational transformation. In the IT industry, mega deals are large-scale,…

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