Indian software services major TCS, which was listed on the BSE on August 25, 2004 with a $10-billion market cap, is on the cusp of becoming the first Indian company to reach the $100-billion market cap mark. TCS stock on Friday rallied nearly 7 per cent on the back of 1:1 bonus announcement, and the IT major closed the day at $99.1 billion (Rs 6.5 lakh crore) market cap, just about Rs 6,000 crore short of the magic 12-digit mark. Apple, with a market cap of $877 billion, is the most valued company. In the global league table, TCS ranks 104.
(This article was originally published in The Times of India)