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India's billion dollar club adds 51 firms; $500 bn
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india,stock market,billion club
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Management & Strategy Consulting
Functional Area : Equities |
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About "India's billion dollar club adds 51 firms; $500 bn " topic:
The rally in the stock market and the recent appreciation in
rupee value has brought 51 new members to the elite billion-dollar
market-value club, while doubling its overall valuation since October
when the benchmark index had dropped below the 8,000-level.
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The country boasts of as many as 144 companies with a market capitalisation of at least a billion dollars at present. The number represents a increase of 51 companies from just 93 in October 2008. Interestingly, the cumulative market value of the club currently stands at about $900 billion (Rs 42,34,171.25 crore) as on June 5, more than double of its value in October last year of $410 billion (about Rs 20,41,029.8 crore). However, when compared to the historic high achieved by the market in January last year, the billion-dollar club has shrunk in size and in value as well. On October 27, the Sensex had plunged to a 52-week low of 7,697 points, hitting the investor confidence seve...
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A cab driver taught me a million dollar lesson in customer satisfaction and expectation. Motivational speakers charge thousands of dollars to impart his kind of training to corporate executives and staff. It cost me a $12 taxi ride. I had flown into Dallas for the sole purpose of calling on a client. Time was of the essence and my plan included a quick turnaround trip from and back to the airport. A spotless cab pulled up. The driver rushed to open the passenger door for me and made sure I was comfortably seated before he closed the door. As he got in the driver's seat, he mentioned that the neatly folded Wall Street Journal next to me for my use. He then showed me several tapes and asked m...
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BEENA AGARWAL
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Its really a nice incidence, its really feeling awsome meeting people with such great attitude and high thoughts.
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