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Showing posts from April, 2018

TCS market cap is more than all listed companies on Pakistan Stock Exchange

Globally, this feat puts TCS in the league of other names such as Accenture, United Technologies, GlaxoSmithKline PLC, Lockheed Martin, Nike, Volkswagen AG, Abbott Laboratories, and Sanofi, among others.Free India's IT behemoth Tata Consultancy Services (TCS) breached the psychological mark of $100 billion in market capitalisation on Monday following the sharp surge in the share prices led by the better-than-expected financial result for the quarter ended 31 March 2018.

While investors in Tata Consultancy Services’ (TCS) stock celebrated the company's feat of achieving a market capitalisation of USD 100 billion, the company found something else to add to its cheer. TCS is by far the first Indian company to achieve the feat of $100 billion plus in terms of market capitalisation. Interestingly, India’s largest IT services company and the market capitalisation leader is also bigger than Pakistan Stock Exchange. India has just got its first company with $100 billion market-capitalisat…

Lone Star, RattanIndia plan Rs 2,600 cr investment to launch NBFC

RattanIndia Group today said it will jointly invest Rs 2,600 crore with affiliates of Lone Star Funds to launch a non-banking financial company (NBFC) RattanIndia Finance. 

RattanIndia Group today said it will jointly invest Rs 2,600 crore with affiliates of Lone Star Funds to launch a non-banking financial company (NBFC) RattanIndia Finance. Rajiv Rattan, currently chairman of the RattanIndia Group, will be the Chairman and Chief Executive Officer of RattanIndia Finance. He and affiliates of Lone Star will each own 50 per cent of RattanIndia Finance, the group said in a statement. Moreover, it said all relevant regulatory approvals have been obtained and RattanIndia Finance is already engaged in deploying the capital, with offices established in Delhi and Mumbai. The group also claimed that RattanIndia Finance will be among the top 10 NBFCs in India based on the currently estimated capitalisation. Rattan is also the co-founder of the Indiabulls Group. He graduated from the Indian In…

World Health Day: Planning finances linked to better mental health?

Stress in one’s finances shows itself in the person’s physical, mental, emotional and even social wellbeing. On World Health Day, make it a priority to work towards your financial health and wellbeing. Amar Pandit A person is said to be healthy if he is healthy in five areas – physical, mental, social, emotional and financial. These five facets of health are interlinked. Being financially healthy means being worry-free. Stress in one’s finances shows itself in the person’s physical, mental, emotional and even social well-being. On World Health Day, make it a priority to work towards your financial health and well-being. Health and happiness Being happy is a prerequisite for optimal health. Contrary to popular sayings, we’ve observed from 13 years of financial coaching that happiness is linked in a big way to money. For most people it is the confidence of being able to provide a good education to their children, not having to compromise their lifestyle in retirement, and in addition, fu…

Mukesh Ambani, 4 other Indians on Bloomberg Billionaires Top 100 Index

Amazon CEO Jeff Bezos has added $21.8 billion to his fortunes this year and takes the top spot, while Microsoft founder Bill Gates was ranked 2nd as his wealth declined by $1.36 billion year-to-date.
Reliance Industries Chairman and Managing Director Mukesh Ambani has been ranked 19thon Bloomberg Billionaires Top 100 Index as he becomes the third richest Asian on the list. With a net worth of approximately $38.3 billion, Ambani’s wealth is pegged at about over 1.5 percent of India’s GDP. Apart from Ambani, four other Indians who have made it to the list include ArcelorMittal CEO Lakshmi Mittal (51), Shapoorji Pallonji Group Chairman Pallonji Mistry (61), Wipro Chairman Azim Premji (66), and HCL Chairman Shiv Nadar (85). Overall, there are 24 Indians on Bloomberg Billionaires top 500 Index, which was released on April 2. Although Ambani’s wealth has grown by $9.3 billion as compared to the same period last year, it declined by $2.3 billion year-to-date. While Amazon CEO Jeff Bezos has…

It is April again: 7 things you should start the new financial year with

Our lifestyle is not static, it evolves over time. Our income is one of the main determinants and our aspirations further influence it. March ending pressure kills the possibility of any celebrations of Fool’s day that falls on April 1. Most of us breath a sigh of relief as we go past April 1 saying – "Finally, March ending is here." In such a situation, who would celebrate the new financial year? Keep aside the celebrations of a new year, the beginning of a financial year warrants a re-look at your money matters. Here are 7 money moves you should make at this juncture. Budget it right Our lifestyle is not static, it evolves from time to time. Our income is one of the main determinants and our aspirations further influence it. But that does not mean that you should lose sight of savings. It must follow the ‘Earn-Save-Spend’ norm that should be followed by you. Once you decide on your level of savings per month, you should curtail your spending. For that you should first know…