State-owned Coal India (CIL) has become the third most valuable Indian company with a total market capitalisation (m-cap) of 2,09,671.6 crore and lags behind only RIL and Oil and ONGC. The coal behemoth added another feather to its cap last week when it replaced IT giant TCS to become the India's third most coveted firm. CIL added. 7,611.2 Crore to its valuation on Friday. According to market analysts, investors are optimistic about the stock and looking at the cash balance of the company it is likely that it may go for acquisitions either in the domestic space or overseas. Meanwhile, the cumulative market valuation of eight of the top-10 firms reduced by 57,044.1 crore in the past week. RIL, the country's most valued firm, witnessed a wealth erosion of 21,270.5 crore. Yet, with an m-cap of 3,26,207 crore this week-end, it still maintained its top rank in the top-10 companies as per their valuations.
What are the factors affect the changes in rate of Fixed Deposits? Fixed Deposits are now considered to be a very old fashioned method of saving, but still attract many investors since they have guaranteed returns at the end of the tenure of the investment at a decent interest rate. There are various factors that affect the rates of interest for a Fixed Deposit. Policies of the Reserve Bank of India - The several norms and restrictions posed by the Reserve Bank of India , in order to gain optimum control over credit and inflow and outflow of fund throughout the country. The repo rate changes, cash reserve ration tends to change and these changes affect the banking products like Fixed Deposits, loans etc. Recession - When unemployment in a country crosses the benchmark set Recession hits, and slowly the country faces an economic slow movement, affecting the purchasing power of the people in the country, forcing the Reserve Bank of India to release more funds in the financial marke...
