BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
HDFC Bank surpassed Tata Consultancy Services (TCS) to become the country’s second most valued firm in terms of market valuation on the BSE. Which company is the country’s most valued firm with a market cap of Rs. 5, 33, 818.72 crore on the BSE?
A
Infosys Limited
B
Oil and Natural Gas Corporation Limited
C
Wipro Limited
D
Reliance Industries Limited
Explanation: 

Detailed explanation-1: -At the second position is India’s Tata Consultancy Services (TCS) with a brand value increase of 2 per cent, taking its valuation to US $17.2 billion. This year, TCS delivered several tailored transformation programmes for clients migrating to hybrid working.

Detailed explanation-2: -Tax Collected at Source (TCS) at 5% shall be applicable on aggregate forex transactions under LRS exceeding INR 7 Lakhs in a financial year.

Detailed explanation-3: -Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide Tata Consultancy Services with the means to add long-term value to shareholders. Our analysis indicates that TCS is potentially overvalued!

There is 1 question to complete.