NEW DELHI: Seven of the top 10 most-valued companies together added Rs 57,402.93 crore to market valuation last week, with SBI emerging as the biggest gainer. While, Reliance Industries Ltd (RIL), HDFC Bank, HUL, Infosys, SBI, ICICI Bank and Kotak Mahindra Bank made gains in their market capitalisation (m-cap) for the week ended Friday, TCS, ITC and HDFC suffered losses. The valuation of SBI jumped Rs 20,260.54 crore to Rs 2,86,301.54 crore. The m-cap of RIL zoomed Rs 13,297.66 crore to Rs 8,63,995.66 crore and that of HDFC Bank climbed Rs 12,208.98 crore to Rs 6,30,853.98 crore. HUL's valuation advanced Rs 6,341.22 crore to Rs 3,69,688.22 crore and that of ICICI Bank rose by Rs 4,884.11 crore to Rs 2,57,106.11 crore. The m-cap of Kotak Mahindra Bank went up by Rs 323.64 crore to Rs 2,54,865.64 crore and that of Infosys climbed Rs 86.78 crore to Rs 3,24,305.78 crore. On the other hand, HDFC's valuation plunged Rs 2,544.62 crore to Rs 3,38,658.38 crore. The market cap of Tata … [Read more...] about Seven of top 10 most valued companies add Rs 57,403 crore to m-cap
Amazon is continuing to 'secretly' test the capability of its Air Prime delivery drones at their proving ground in the UK countryside. Engineers in high vis jackets were spotted yesterday flying drones on wires from a giant metal gantry in a field near Cambridge, England. It is unclear why the drones are being flown attached to cables — but could perhaps help to determine the drone's positions relative to the crane as they land. Cameras and sensors have also been added to the metal frame to carry out tests on the drones and check they can navigate and land correctly. Scroll down for video Amazon is continuing to secretly test the capability of its delivery drones in the UK as its Black Friday sale starts today — one week early Engineers in high vis jackets were spotted yesterday (Thurs) flying drones on wires from a giant metal gantry in a field near Cambridge The company first began secretly flying its drones in a field near Cambridge three years ago, in July … [Read more...] about Amazon is spotted secretly testing its Prime Air delivery drones by tethering them to a giant metal CRANE at the company’s ‘top secret testing site’ outside Cambridge
Amid concerns expressed in certain quarters, company secretaries' apex body ICSI has asserted that it has sought the status of accountants under the Income Tax Act for its members on the premise that they are better placed to interpret the law. The Institute of Chartered Accountants of India (ICAI) has approached the government saying that the role of 'accountant' under the Act should be restricted exclusively for practicing chartered accountants only. Institute of Company Secretaries of India (ICSI) President Ranjeet Pandey said that company secretaries do not have any intention to become accountants. "We have the specific target of appearing before tribunals... if the authorised concept is allowed in the Direct Tax Code (DTC), then we will be targeting authorised representative (status) and not the accountant," he told PTI in a recent interview. ICSI as well as the Institute of Cost Accountants of India have given representations to the government seeking an amendment in … [Read more...] about Seeking ‘accountant’ status for company secys is about law interpretation, not calculations: ICSI Prez
Facebook has launched its dating service in the US ahead of a release in Europe next year, promising that it will keep profiles invisible to people's friends and family in an effort to protect privacy. Shares in Match Group, the parent company of Tinder and OKCupid, tumbled by 5pc on Thursday after Facebook launched the long-awaited feature. The service, which sits inside Facebook’s main mobile app but is totally separate from users’ normal Facebook profiles, has been undergoing tests in south-east Asia and Latin America for nearly a year. It represents the social media giant’s first real attempt to use its vast data bank and targeting capabilities to grab a slice of the £3.8bn global online dating industry, which may sit uneasily with its existing role keeping people connected to their grandparents, old schoolmates and former teachers. But the company reaffirmed that users would be able to present different faces to their families and potential lovers, as well … [Read more...] about Facebook dating service launches in the US as company vows to protect users’ privacy
Video PlayerClose Zhang Qiyue (3rd L), Chinese consul general in New York, Steven Fulop (3rd R), mayor of Jersey City, Ning Yuan (2nd L), chairman and president of China Construction America (CCA) and other invited guests pose for photo at the landscape platform of Park and Shore residence tower building in Jersey City in New Jersey, the United States, March 28, 2018. A 37-storey residence tower building constructed by a Chinese company celebrated its topping out Wednesday in Jersey City, adding a new touch to the landscape of Hudson River waterfront and the skyline of New York City. (Xinhua/Wang Ying) 1 2 3 4 5 Next 1 2 3 4 5 Next … [Read more...] about Residence tower building constructed by Chinese company celebrates topping out in Jersey City, U.S.