WHY IN THE NEWS?
- The shares of Information Technology major, Infosys hit a record high during intraday trading, which helped the company cross $100 billion in market capitalisation. Infosys is the fourth Indian company to achieve this milestone.
- Reliance Industries (m-cap of $140 billion), Tata Consultancy Services (m-cap $115 billion) and HDFC Bank (m-cap $100.1 billion) are the other Indian firms in the club with Infosys.
- Infosys has been one of the fastest-growing companies in India, providing business consulting, information technology and outsourcing services. In the quarter ending June 2021, Infosys reported a net consolidated profit of ₹5,195 crores, showing a growth of 2.3 per cent
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