Reliance Industries, Infosys, TCS and Bharti Airtel are among the 291 listed companies that will have to appoint a non-executive chairperson on their boards by April 1, 2020 to comply with regulator Sebi's directive.
With banking and financial verticals registering a 3.7 per cent growth on a quarterly basis,the country's largest IT services firm, Tata Consultancy Services,today said technology was driving the sector forward.
Combined market capitalisation of nine of the 10 most valued companies surged by a whopping Rs 1,58,882.34 crore last week, helped by an overall strong broader market and smart surge in the valuation of Reliance Industries Ltd (RIL).
The BSE Sensex retreated from record high to end flat at 36,541.63 today as investors booked profits in recent gainers despite firm global cues.
The country's second-largest software services major Infosys today reported 3.7 per cent growth in consolidated net profit at Rs 3,612 crore for the quarter ended on June 30, 2018, compared to a net profit of Rs 3,483 crore in the year-ago period.
The market valuation of Reliance Industries today surged past Rs 7 lakh crore mark in the morning trade, making it the second company after TCS to achieve this milestone.
Supported by a surge in share prices, stocks of Reliance Industries hit $100-billion market capitalisation mark for the second time after first reaching the landmark level on October 18, 2007.
The Nifty 50 index ended flat at 10,948.30 today as fresh US tariff threats on Chinese goods dragged metal, banking, auto, infra and pharma sectors lower, offsetting gains in IT, energy and FMCG counters.
Benchmark Sensex rose over 26 points to close at 36,265.93 today, powered by a rally in IT bellwether TCS following better-than-expected quarterly results.
Key Asian indices are trading in the red as concern over a global trade war resurfaced after the US said it would slap tariffs on extra $200 bn worth of Chinese imports.