MNCs: Punters’ hopes of delisting gains dashed as MNCs opt for stake sales

Mumbai: Various global multinational giants have poured cold water on the expectations of local investors, who mopped up shares of Indian subsidiaries of these entities in anticipation of their delisting from the domestic bourses. With parents of at least eight MNCs choosing to cash out of the domestic arms in the wake of the sharp … Read more

market capitalisation: RIL m-cap crosses Rs 20 lakh crore, company world’s 48th most valuable

Reliance Industries became the first Indian company to reach Rs 20 lakh crore in market capitalisation. The energy-to-telecom conglomerate’s market value stood at Rs 20.04 lakh crore ($238.7 billion) on Wednesday, catapulting it into the list of world’s most valuable corporations. Surpassing behemoths like Pepsico, Novartis, Industrial and Commercial Bank of China, and SAP in … Read more