The current valuation is 38 per cent higher than the 10-year average of 22x and over 50 per cent higher than the 20-year average of around 20x.
Others in the top 10 include Uday Kotak at the 6th place with a wealth of Rs 94,100 crore, Cyrus S Poonawalla at 7th position with Rs 88,800 crore assets, Cyrus Pallonji Mistry at 8th spot with a wealth of Rs 76,800 crore, Shapoor Pallonji at 9th position with a net worth of Rs 76,800 crore and Dilip Shanghvi at 10th slot with Rs 71,500-crore wealth.
Country's third-largest software services firm Wipro has said it has been chosen as the official digital and IT partner for Chelsea Football Club.
75 companies can dole out Rs 1.1 trillion from the 'extra cash' to shareholders.
In dollar terms, its m-cap rose to $76 billion
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
There are no major announcements in the Union Budget 2014-15.
The Bombay Stock Exchange has resumed trading after three hours on Thursday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
IT shares were witness to broad-based selling in early trades as a strengthening rupee indicates lower revenues for these companies.\n\n
Geopolitical concerns, earnings sees investors rush to safe haven plays post the Union Budget presentation in July.
The market recovered on Monday due to bargain hunting in tech stocks. \n\n\n\n
IT stocks continued their upward sojourn on Thursday from Wednesdays upbeat run after global markets set a strong precedent.
HCL Technologies on Wednesday reported a whopping 194 per cent increase in its net profit to Rs 791.40 crore (Rs 7.914 billion) for the fiscal ended June 30 over the last fiscal.
The buyback, if successful, will surpass RIL's 2012 share repurchase of Rs 10,400 cr
Tepid growth in verticals like banking and finance, healthcare, retail and automotive will drag overall IT spends in the current year, reports Debasis Mohapatra.
IT stocks have dropped about 3 per cent in the days since the Donald Trump administration took first steps toward visa reform and all of India's highest-profile technology tycoons have seen their net worth eroded. Saritha Rai reports.
The share buyback -- which will be the first in the company's 36-year history -- has been a long-standing demand by some of the founders and high-profile former executives, who have been pushing Infosys to return surplus capital to its shareholders.
Where do Indian IT firms stand compared to their global peers in this journey of transformation? Ayan Pramanik seeks answers from IT services analyst Phil Fersht.
Tech stocks zoomed in the special trading session on Saturday on huge buying support.
TCS is setting up a large BPO operation in Varanasi next year, some staff could be absorbed there
The strategy of returning cash to shareholders through stock purchases could hinder their digital expansion plans
These firms owe Rs 13 trillion to lenders and account for 55% of all non-financial corporate debt.
The move comes at a time when the traditional software maintenance and support works, once the bread and butter for export-driven IT services business, are slowly drying up.
In a circular dated May 20, Sebi had directed the listed companies to evaluate the impact of Covid-19 on their capital and financial resources, profitability, liquidity position, assets, and ability to service debt. Instead, companies have spoken about the number of plants, warehouses and distribution centres that have resumed operations; work-from-home and safety measures undertaken for employees; and the labour shortage they are facing.
Converts part of fixed salary component into variable one
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
After last year's lull, number of offers jump by 15%.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Nasscom and the Chinese government have given the task of creating a matchmaking platform to Zeta-V, set up in June 2017 in Shanghai by Sujit Chatterjee, former CEO of TCS China, and Rangarajan Vellamore, former CEO of Infosys China.
In dollar terms, TCS' market valuation rose to $84 billion.
Three stockmarket experts give their best picks for the New Year.
Morgan Stanley's Asia and Global Emerging Markets Strategy Report downgraded software firms on valuation and earnings concerns.
Despite higher gross additions, growth in overall customer base has been tepid for these companies, says Debasis Mohapatra.
According to Nasscom, engineering services exports had grown at 13 per cent in 2017 compared to six per cent rise in IT services exports and eight per cent in business process management (BPM). It had also recorded the highest growth in the last three years, reports Debasis Mohapatra.
The record in net addition from the top four was in 2016-17, of 59,427 employees.
Infosys, Wipro may follow suit as investors eye a piece of the large cash kitty as growth slows.
Cascading effect of rising raw materials will result in inflation, high rates, slow capex
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