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Three of Top 10 Indian Firms lost Rs 1 trillion in m-cap

15Oct By Gauri SinghNo Comments

BUSINESS

Three of Top 10 Indian Firms lost Rs 1 trillion in m-cap

Three of the top 10 and India’s most valued companies together saw a dissolution of ₹1,07,026.12 crore in market capitalisation last week where IT major TCS took the biggest knock. The three companies that witnessed the same were Tata Consultancy Services (TCS), ITC and Infosys. The firms suffered a decline in their valuation for the week ended on Friday. On the other hand, RIL, HDFC Bank, Hindustan Unilever Ltd (HUL), HDFC, SBI, Kotak Mahindra Bank and Maruti Suzuki India ended with gains. Altogether, the erosion suffered by the three companies was higher than the combined gain of Rs 97,498.38 crore that was made by the rest of the seven firms. The valuation of TCS plunged by Rs 85,330.17 crore Rs 7,19,857.48 crore. On the other hand, the market cap of Infosys slumped ₹18,696.68 ...

Indian Companies Foreign Investment Fell 84% in Aug at $399 Million

India Companies overseas direct investment fell 84 per cent to USD 399.06 million in August, data from RBI showed. Indian companies had made an investment of USD 2.47 billion in the markets abroad during the same period last year. Compare to July this year, direct investments in August were down by 82.6 per cent. The investments were in the form of issuance of guarantees (USD 97.14 million), loans (146.36 million) and equity (USD 155.56 million). Palava Dwellers Pvt Ltd was among the biggest investors, which invested 21.75 million in its wholly owned subsidiaries in Jersey, Mauritius and The Netherlands. WNS Global Services invested USD 15.35 million in a joint venture in the UK, General Insurance Corporation infused USD 11.9 million in a wholly owned business in South Afric...

Indian firms raised Rs 68,608 crore through equities in 2015

Indian firms mopped up over Rs 68,608 crore through the equity market route in 2015. This is 76 percent higher than Rs 39,067 crore raised through the equity market in 2014. Out of the total Rs 68,608 crore raised, fresh capital accounted for only Rs 25,964 crore, with the remaining Rs 42,644 crore coming from offers for sale. "The year could have been even better but for the deferment of several PSU offerings. The year, of course, fell short of Rs 97,746 crore, the highest amount which has ever been raised (in 2010)," Prime Database Managing Director Pranav Haldea said. The highest-ever mobilisation through initial share sale plans was in 2010 at Rs 37,535 crore. In comparison, five IPOs had hit the capital market to garner just Rs 1,201 crore in 2014. The year 20...