Infosys topples HDFC Bank as the third most valued company
IT major Infosys has recently surpassed private sector lender HDFC Bank, becoming the third most valued Indian firm in terms of market valuation, with TCS leading the top 10 companies chart, followed by RIL.
A rally in the stock market past week saw the combined market valuation of top eight Sensex companies surge by Rs 50,464.51 crore.
HDFC Bank came behind Infosys in the ranking of top-10 companies last week.
At the end of the week, Infosys commanded a market valuation of Rs. 2,69,489.03 crore. This was Rs. 432.68 crore more than HDFC Bank's m-cap of Rs. 2,69,056.35 crore.
Nearly 80% of grocery shopping decisions taken by men, says study
Nearly 80 per cent of grocery shopping decisions are taken by men in India or at least influencing the purchase, says a study commissioned by Facebook and conducted by IMRB International.
For buying packaged food products, 91 per cent men take the call, while for beverages, the figure is 92 per cent. About 86 per cent of decisions are taken by men when it comes to buying skin and hair care products. For oral care, it is about 84 per cent while in home care products, men take about 79 per cent of decisions, the study noted.
Medicine the most sought after career choice for girls in tier I cities
Women from tier I cities show inclination to take up medicine as a profession, while their counterparts from the tier II mostly opt for banking, as per the reports of a survey conducted by education portal careerguide.com recently.
This conclusion was drawn after noting down responses from 6,000 female students in the age group of 18-25 years and living in tier I, II and III cities. Care was taken to see that the respondents belonged to diverse backgrounds as well.
Around 16 per cent of girls in tier I cities wanted to opt for medicine as a profession.
WNS begins training programme to improve employability
Business process management company WNS said it has started a programme for college students to improve their employability.
This programme will focus on tier 2 and tier 3 cities and aims to train 1000 students in the coming six months. The programme will be spread across 35 colleges in seven cities of India - Nashik, Ahmednagar, Aurangabad, Pune, Kaziranga, Chandigarh and Vizag.
The training programme has an 80-hour curriculum spread over two months. WNS will also train students in English, Excel and other soft-skills.
Wal-Mart's India sales dip 32 per cent in 2014
World's largest retailer Wal-Mart Stores Inc's Indian unit posted first ever decline in its sales figures after parting ways with its key client Bharti Retail and halting store expansion amid an ongoing internal probe into alleged corrupt practices.
The alarm bells were rung first when Wal-Mart India's revenue dropped 32 per cent to Rs 2,992.7 crore in the year ended December 2014. With no new stores opened during the year, the wholesale company narrowed its loss to Rs 232 crore, according to filings with the Registrar of Companies.
About two years ago, Wal-Mart agreed to buy Bharti's 50 per cent stake in their wholesale business that operated Best Price Modern Wholesale stores.