Tata Consultancy Services (TCS) has played a stellar role in helping the Tatas to become the first private business group to enter the Rs 10-trillion market capitalisation league. This has happened because of the double-digit rally in the TCS share price in the current year.

Shares of TCS, the most valuable Indian company, on Friday closed at a lifetime high of Rs 3,406. At the current price, TCS is valued at Rs 6.52 trillion, or $98.52 billion, a whisker away from the $100-billion mark.

The benchmark indices logged their fourth straight weekly gain but ended weak on Friday amid weakening of the rupee and a surge in government bond yields.

Release of the minutes of the Monetary Policy Committee meeting after market hours on Thursday indicated that the Reserve Bank of India (RBI) might shift to a hawkish monetary stance in June, which dented investors’ sentiment.

President Donald Trump and his French counterpart Emmanuel Macron will discuss the Iran deal and the situation in Syria when they meet each other next week, a senior US official has said.

Macron will arrive here on Monday for a three-day state visit and Trump and First Lady Melania are throwing a red carpet to welcome the French president.

Mobile wallet firm Paytm today said its gold sales rose three-fold to 20 kg in a single day on the occasion of Akshaya Tritiya on April 18. Maximum sales were reported in Bengaluru, Delhi NCR, Hyderabad, Mumbai and Kolkata. Over 1.5 million customers transacted 20 kg of gold items, mainly 24 carat gold coins, on its platform on the Akshaya Tritiya day this year, compared with 6.5 kg gold items on the same day last year, Paytm said in a statement.

Senior bureaucrat Suresh Kumar is likely to be the new acting chairman and managing director of the world's largest coal miner CIL.

He will replace Gopal Singh who was given the additional charge as CMD of the maharatna firm in September last year.

To meet its FY19 capacity addition target of 5,000 MW, state-owned power producer NTPC is coming up with tenders to build for more than 2,900 MW of generation units in this quarter. A top NTPC official said while tenders for two 660 MW units at its Talcher super-critical power plant are almost ready, the company is also planning to begin the tendering process for two 660 MW units at its Singrauli station and two 800 MW units at the Lara power plant.

India’s largest IT services company Tata Consultancy Services (TCS) posted its first-ever drop in the full year net profit on Thursday in a span of last 14 years since the firm got listed on Indian exchanges in 2004. But the shares of the market capitalisation leader TCS went on a joy ride on Friday to hit a record high level.

As international crude oil price touches a four year high of $74 a barrel, diesel price hits the highest level ever witnessed in India’s history, while petrol price has touched a near five-year high. Petrol and diesel prices on April 20 were hiked by 1 paisa and 4 paise respectively, according to Indian Oil’s website.

Private sector lender Yes Bank today said has received Reserve Bank of India’s (RBI) approval to open two representative offices in London and Singapore. “This is a significant development in the overall augmentation of Yes Bank’s business model and will help in further diversification and expansion of financial services to the NRI diaspora,” Yes Bank MD and CEO Rana Kapoor said.

Commercial Vehicle major Ashok Leyland is expecting a 20 per cent growth in its bus business, as the segment is picking up growth from a slow pace last year.

In the previous year, the industry and the company had seen a decline of around 23 per cent owing to various reasons including confusion among customers regarding the delayed Bus Body Code. However, the company managed to increase its market share by 0.3 per cent.

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