TCS MCap crosses 9 lakh crore rupees
Tata Consultancy Services (TCS) on Monday became the second Indian company with a market cap of over Rs 9 lakh crore. First place is Reliance Industries Limited (RIL). The market cap of the company exceeded 9 lakh crore rupees due to the rise in shares of the company in early trade on Monday. The company’s stock rose 2.91 percent to Rs 2442.80 on the BSE, a record high. Similarly, the company’s stock was trading 2.76 percent up at Rs 2439.80 on the NSE.
With this jump in share price, the company’s market cap increased to Rs 9,14,606.25 crore. It is the second most valuable company in India in terms of market cap. Reliance Industries Limited is the first Indian company to achieve a market cap of Rs 9 lakh crore. RIL achieved this feat in October last year. RIL currently has a market cap of Rs 15,78,732.92 crore. It is the highest among all listed companies in India.
Infosys to acquire GuideVision for 3 million euros
IT company Infosys said on Monday that it would acquire Guidevision of the Czech Republic for Rs 260.4 crore (Euro 30 million). The acquisition will be done by Infosys subsidiary Infi Consulting Company Limited. Guidevision operates in the Czech Republic, Hungary, Poland, Germany and Finland. With this acquisition Infosys will be able to provide more services to its consumers in Europe.
GuideVision provides a SmoMir tool for services and has 100 enterprise clients. Infosys said the acquisition is expected to be completed by the third quarter of the financial year 2020-21.
