Reliance Industries Ltd

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 ...

After bringing a data boom in the telecom market with cheap offers and a lot of freebies, Mukesh Ambani led company Reliance Jio is now eyeing to expand in Europe. If reports are to be believed, the company is in plans to build a subsidiary in Estonia, a small country in Europe which is a prominent hub for startups owing to its unique digital policies. IANS has reported that Ambani has interestingly shown interest in an e-residency programme of Estonia which will give him an easy gateway to European Estonia for his existing business. The report cited that Ambani met Estonian delegation and expressed intentions over a future collaboration that could boost e-governance solutions in India. Estonia- A Business Opportunity for Reliance? Though Estonia is a too small...

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

Reliance Jio To Go Global, Eyeing to Capture European Market