BANKING GENERAL KNOWLEDGE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Infosys Limited
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Oil and Natural Gas Corporation Limited
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Wipro Limited
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Reliance Industries Limited
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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!