Top Story


Home >> International >> Article

Zee, Wipro, Infosys top 'wealth destroyers'

Font Size   16
Zee, Wipro, Infosys top 'wealth destroyers'

Subhash Chandra's Zee lost about Rs 37,000 crore (87 per cent) of its Rs 42,377 crore m-cap on March 31, 2000, while N R Narayana Murthy's Infosys shed about Rs 32,000 crore (54 per cent) from Rs 58,877 crore in the previous year-end.

Azim Premji's Wipro Group companies alone shed about Rs 95,000 crore (75 per cent) of its m-cap from the astronomical Rs 1,25,879 crore in March-end 2000.

The three market movers, which together added Rs 1,96,780 crore to the shareholders' wealth during 1999-2000, lost about Rs 1,64,000 crore in m-cap last fiscal year.

While HCL Group witnessed about Rs 20,000 crore decline in m-cap from its previous year's level of Rs 34,155 crore, the Satyam Group companies shed about 74 per cent of their m-cap from Rs 24,906 crore at the end of 1999-2000.

According to latest available data, aggregate m-cap of the 10 top wealth creating group companies of Wipro, Zee, Infosys, HCL, Satyam, Himachal Futuristics Communications, Global Tele, DSQ Software, Usha and Unilever India, declined by about Rs 2,50,000 crore last fiscal year from previous year's m-cap of Rs 3,86,000 crore.


Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

CMO, Kashyap Vadapalli on the start-up’s marketing play, why it has decided to stay away from IPL and response to its furniture rental apps

Mumbai was chosen in keeping with the company's focus on featuring their proprietary technologies over undiscovered markets like South Asia

The campaign, featuring brand ambassador Farhan Akhtar, exhorts consumers to showcase their achievements through the walls of their homes.

We list a few important stories that you may have missed in the week gone by