TCS closer to become first $100 billion company in India

Tata Consultancy Services on Friday moved closer to becoming India’s first $100 billion company in terms of market capitalisation as its share price surged by nearly 7%. According to reports, the IT major’s market value rose by Rs 41,300.92 crore to Rs 6,52,082.92 crore ($98.8 billion). By market capitalisation, TCS tops the list followed by Reliance Industries Ltd (Rs 5,87,929.90 crore), HDFC Bank (Rs 5,08,884.23 crore), ITC (Rs 3,36,777.52 crore) and HUL (Rs 3,17,211.69 crore) in the top-five list, says a HT report.