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TCS Market Cap: With $120.5 billion m-cap, TCS valued more than IBM

TCS Market Cap: With $120.5 billion m-cap, TCS valued more than IBM

Indian IT company Tata Consultancy Service (TCS) overtook IBM, which is one of the biggest global technology majors in terms of market capitalization.

While on 10 June, TCS share was $120.5 billion i.e. 8.37 lakh crore in IBM share was $119.6 billion i.e. 8.32 lakh crore New York stock exchange.

Surprisingly, Tata Consultancy Service has also transcended Reliance Industries Ltd. which is 8.36 lakh crore in market capitalization.

At the time of closing of the trade, the market capitalization of TCS was at 8.55 lakh crore which was 1.70 thousand crores more than the RIL’S market capitalization.

TCS had increased their hiring in IT by 377%. The company had stopped mass hiring and is now focussing on employing those candidates who have expertise in Artificial Intelligence, Blockchain, Data Mining, and Analytics, among others.

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