Tata Consultancy Services has created the history as the market capitalisation of the company has hit the 100 billion dollar mark, making it the first Indian IT company to achieve the mark. TCS shares rose by 2% to Rs. 3476.75, pushing the market capitalisation of India’s biggest outsourcer to Rs. 6,64,918 crore.
Shares of TCS had surged by nearly 7% recently, making investors richer by over Rs. 40,000 crore in a day. TCS joined the ranks of the world’s 100 most valued organizations and now ranks 97th. The last Indian name to cross that threshold in 2007 was Reliance Industries Ltd.
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- TCS is a part of salt-to-software conglomerate Tata group.
- Natarajan Chandrasekaran is the Chairman of TCS.