Market capitalisation of Tata companies at 127 billion

first_imgA man looks at a screen displaying news of markets update inside the Bombay Stock Exchange (BSE) building in Mumbai, June 20, 2016.Reuters fileThe combined market capitalisation of the listed companies of the Tata Group stood at $127.62 billion, or Rs 8,12,877 crore, as of April 27, 2017, based on the closing share prices of the respective companies. The top three listed entities are TCS, Tata Motors and Tata Steel.There are 17 listed entities that include lifestyle company Titan; hospitality venture Indian Hotels Co.; air-conditioner maker Voltas; retail company Trent; telecom ventures Tata Communications and Tata Teleservices (Maharashtra), and non-alcoholic beverages maker Tata Global Beverages, in addition to the three referred above.TCS had market capitalisation of Rs 4,53,474 crore ($70.69 billion), Tata Motors Rs 1,31,649 crore ($20.52 billion) and Tata Steel Rs 43,292 crore ($6.75 billion). On Friday (April 27), TCS shares closed 1.27 percent lower at Rs 2,272, Tata Motors gained 0.41 percent at Rs 458 and Tata Steel ended at Rs 449, up 0.70 percent. The BSE Sensex closed 111 points down at 29,918 on Friday.The April 27 valuation mark a significant fall from $130.80 billion (Rs 8,44,314 crore) as of April 6, 2017.TCS has declared its Q4 and FY2017 results while most of the other companies are yet to do so. Tata Motors will be declaring its April vehicle sales next Monday/Tuesday.The Tata Group comprises more than 100 companies operating in about 100 countries. In 2015-16, the combined revenue of the Tata Group was $103.51 billion.  Market capitalisation of Tata Group.tata.comlast_img read more

Mexico extradites drug lord El Chapo to US

first_imgMexico on Thursday extradited drug kingpin Joaquin “El Chapo” Guzman to the United States — handing over one of the world’s most notorious criminals on the eve of US President-elect Donald Trump’s inauguration.Guzman is the head of the Sinaloa cartel, which is accused of generating much of the deadly violence in Mexico’s decades-long drug war and providing tons of narcotics to the United States.He had twice escaped from prison, and had been fighting his extradition ever since his recapture almost exactly a year ago in his home state of Sinaloa following his second daring jailbreak.Guzman, 59, had been in prison in Ciudad Juarez, which borders Texas, since he was abruptly transferred there from another penitentiary near Mexico City in May.A US government official told AFP on condition of anonymity that Guzman would land later in the evening in New York, one of several US jurisdictions where he is facing charges.President Enrique Pena Nieto had previously refused to extradite Guzman, but he changed tack after the slippery drug lord’s latest escape in July 2015.The Mexican government “delivered Mr. Guzman Loera to the authorities of the United States” after the Supreme Court and a court of appeals rejected his latest bids to avoid extradition, the foreign ministry said in a statement.The appeals court ruled that the extradition conformed with a bilateral treaty and that Guzman’s rights had not been violated, the statement said.One of Guzman’s lawyers, Silvia Delgado, told Milenio television that she was surprised by the extradition, calling it “illegal” because another legal petition was pending.- Timing: Dig at Trump? -The US Department of Justice said in a brief statement that his initial court appearance would be “forthcoming,” without saying where he would be held.”The Justice Department extends its gratitude to the government of Mexico for their extensive cooperation and assistance in securing the extradition of Guzman,” it said, adding that he had been charged in six separate indictments.A spokeswoman for federal prosecutors in New York declined to comment.In May, the Mexican foreign ministry approved extradition bids from California, where he is wanted for drug distribution, and Texas, where he faces a slew of charges including murder and money laundering.Trump, who takes office on Friday, has publicly clashed with Mexico over trade and immigration issues. The Republican president-in-waiting has pledged to build a wall on the US-Mexican border.Alejandro Hope, a prominent Mexican security expert, said the decision to extradite Guzman in the last hours of Barack Obama’s presidency and before Trump takes office was “not a coincidence.””It looks like they didn’t want to give Trump an early victory,” Hope told AFP.”They didn’t want Trump to be able to brag about it, so they managed to hand him over in the final minutes” of the Obama administration, he said.But Alejandro Almazan, author of the Guzman biography “The Most Wanted,” saw the opposite, saying “Chapo is a gift to Trump” because Pena Nieto wants good relations with the new US leader.- Daring escapes -Guzman’s extradition caps a Hollywood-worthy cat-and-mouse game between Mexican authorities and the slippery drug lord, who escaped twice from prison.His feats turned him into a legend of Mexico’s underworld, with musicians singing his praises in folk ballads known as “narcocorridos” — tributes to drug capos.He was first captured in Guatemala in 1993, only to escape from a maximum-security prison in western Mexico in 2001 by hiding in a laundry cart.Marines backed by the US Drug Enforcement Administration arrested him in February 2014 in the Sinaloa resort of Mazatlan, where he was staying with his wife and twin daughters.Pena Nieto insisted at the time that Guzman would face justice at home.But Guzman escaped from prison again in spectacular fashion just 17 months later.His henchmen had dug a 1.5-kilometer (one-mile) tunnel that opened into his cell’s shower at the Altiplano prison near Mexico City, allowing him to slip out and flee on a remodeled motorbike that was fitted on tracks.Guzman was recaptured in the Sinaloa town of Los Mochis in January 2016.Authorities said they tracked him down after Guzman held a clandestine meeting with US actor Sean Penn and Mexican-American actress Kate del Castillo a few months earlier.Officials were able to intercept flirtatious text messages that Guzman sent to the actress.After he was arrested again, Pena Nieto ordered officials to speed up the process.Guzman’s arrest likely leaves his long-time associate, Ismael “El Mayo” Zambada, at the helm of the Sinaloa cartel, giving continuity to the powerful gang.But Raul Benitez Manaut, a security expert at the National Autonomous University of Mexico, said the extradition “definitely weakens the Sinaloa cartel.”Guzman’s sons, Archivaldo Ivan and Jesus Alfredo Guzman, may harbor their own ambitions.”There will be an internal fight between his sons and the sons of other of the founders,” Benitez Manaut said. “It could be violent — or maybe it could be peaceful.”last_img read more

Venezuela arrests terrorists over Maduro attack

first_imgIn this still from a video provided by Venezolana de Television, presiden Nicolas Maduro, center, delivers his speech as his wife Cilia Flores winces and looks up after being startled by and explosion, in Caracas, Venezuela on 4 August. Photo: APSix “terrorists and hired killers” have been arrested in Venezuela accused of trying to assassinate president Nicolas Maduro in an alleged drone attack, the government said on Sunday.Interior and justice minister Nestor Reverol announced the arrests on state television, saying more could be on the way “in the coming hours.”Three soldiers were in critical condition and four more were injured in the alleged attack that involved two remote-controlled drones, Reverol said.He described it as “a crime of terrorism and assassination” and said that the “material and intellectual authors inside and outside the country” had been identified.Venezuela’s opposition braced itself for “persecution and repression” as the armed forces vowed “unconditional” loyalty to radical socialist leader Maduro, who, standing with his wife on a reviewing stand, was unharmed in the incident.Maduro vowed to inflict “maximum punishment” on those who tried “to assassinate me.” He pointed the finger at outgoing Colombian president Juan Manuel Santos and “the ultra-right wing”-a term he uses to describe domestic opposition, even as a mysterious rebel group claimed responsibility.‘Wave of repression’“There will be no forgiveness,” Maduro warned, for what a military statement said was an act of “barbarism in a desperate attempt to destabilize” the government.But Nicmer Evans, a former government loyalist and now leader of the opposition Frente Amplio party, said he feared the government’s measures “open the door to persecution and a wave of repression.”Those worries came as defense minister Vladimir Padrino Lopez voiced the military’s “unconditional and unrestricted loyalty to our commander in chief.”Army general Padrino Lopez described Saturday’s incident as “an aggression against the military” aimed at provoking regime change “through unconstitutional means.”Attorney general Tarek William Saab said the names of those arrested would be published on Monday.The alleged attack involved two drones, each carrying a kilogram (2.2 pounds) of plastic explosive C4, which Reverol said on state television is “capable of causing effective damage over a 50-meter (164 feet) radius.”He said one drone flew over the tribune where Maduro was giving a speech but that it became “disoriented by signal-inhibiting equipment” and was thus “activated outside the assassins’ planned perimeter.”The second drone lost control and crashed into a nearby building, Reverol added.State television images showed Maduro looking up with a start after hearing a bang, as National Guardsmen lined up in the parade scattered in fright.No drones could be seen in the television broadcast, which showed bodyguards jumping in front of Maduro to protect him with flexible ballistic shields. The broadcast was quickly cut.Maduro ‘has to fall’Once back in the presidential palace, Maduro said he had “no doubt” that Colombia’s Santos-a Nobel Peace Prize winner who negotiated a historic peace accord with Marxist guerrillas FARC-was “behind the attack.”Santos, who is due to hand over power to the hardline right-winger and vocal Maduro critic Ivan Duque on Tuesday, had said this week that the Venezuelan “regime has to fall” and that he could “see it happening in the near future.”Colombia’s Foreign Ministry denied involvement, calling the allegations “absurd.”Maduro said investigations pointed to financial backers who “live in the United States, in the state of Florida. I hope that President Donald Trump is ready to fight these terrorist groups.”US national security advisor John Bolton insisted Sunday that there was “no US government involvement” and even suggested on “Fox News Sunday” that the incident could have been “a pretext set up by the regime itself.”Late Saturday, a rebel group calling itself the National Movement of Soldiers in T-Shirts claimed responsibility in a statement passed to US-based opposition journalist Patricia Poleo, who read it on her YouTube channel.“We cannot tolerate that the population is suffering from hunger, that the sick do not have medicine, that the currency has no value, or that the education system neither educates nor teaches, only indoctrinating communism,” said the statement, accusing the regime of having “made public office an obscene way to get rich.”A collapsing economyOn Saturday, a policeman who requested anonymity told AFP that drones may have been released from a nearby apartment that suffered a fire after one exploded. However, other accounts blamed the fire on the accidental explosion of a gas cylinder.Maduro’s allies Cuba and Bolivia condemned the incident, as did Russia.Last year, 125 people were killed over four months of violent clashes between anti-Maduro protesters and armed forces.Maduro, a 55-year-old former bus driver, has remained in power despite a collapsing economy and a long-running political crisis, thanks in large part to unwavering support from the military.Hundreds of thousands have fled the country due to food and medicine shortages and hyperinflation that the International Monetary Fund says could reach one million percent this year.Maduro often accuses the opposition and the United States of working together to topple him.last_img read more