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Renault revving up small car launch Smartphone prices may change Canada screams over IT outsourcing to India Jet-Etihad Rs 2000 plus crore deal to be cleared Infosys not to cut prices SpiceJet in the news again GMR to raise US $ 250 mn thru QIP Hunt for new finance secretary on... Automobile sector in slump... Flipkart India in the red by Rs 280 crore Fox Star Studios to tie-up with Bolly-wood and Kollywood Trends point to a hung assembly Aircraft lessors to get protection from defaulting airlines ONGC to draw down on reserves to meet CAPEX needs Plans to double trade with Latin America Carlyle invests in Trehan’s Medanta Medical Centre Hyundai Grand i10 awaiting launch Vodafone slapped with tax notice of Rs 3700 crore Airlines hit by service tax on lease Excise duty may halt the war in SUV market Wal-Mart studying FDI norms post split with Bharti Vodafone to buy out minority shareholders Latin America beckons India for investments Lanco to sell Australian acquisition Singapore Airlines prefers Airbus How important is Modi’s German visit... German envoy Steiner caps a language row Kolkata kisses goodbye to Ambi? Capital Notes While MoTown is on a tailspin, the telecom sector is staging a rally TCS, India’s biggest block buster TVS bullish on the two wheeler market? Urja Sangam in Delhi LANCO opens negotiations with buyers for Karnataka power plant
 
TCS, India’s biggest block buster

Tata Consultancy Services (TCS) has achieved a market valuation of Rs 4 lakh crore after a month long gap, buoyed by a smart rally in its stock price. Today, it’s the only company with a market capitalisation of over Rs 4 trillion (Rs 4 lakh crore), the highest for the company since its listing in 2004.  It’s only the second company to cross this milestone in the Indian market. In 2007, RIL had raced past that number but has today a little more than a third of its value.

TCS share trading rose by 2.52 per cent in early September to close at Rs 2084.05. The stock traded at its all-time high of Rs 2094. Shares of TCS have risen by nearly 65 per cent so far this year. Large IT companies benefit from a weaker rupee, because these companies earn a major chunk of their revenues in dollars from their US clients.

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