Infosys Falls Out of India’s Top 10 Most Valuable Companies

Infosys has officially slipped out of India’s Top 10 most valuable companies by market capitalization in April 2026, after losing nearly ₹2 lakh crore in value since January. LIC and Bajaj Finance have overtaken Infosys, reflecting a broader market shift where banks and non‑IT heavyweights are outperforming traditional IT firms.

• Market Cap Erosion: Infosys’s market capitalization fell from ~₹6.9 lakh crore in January 2026 to ~₹4.9–5.0 lakh crore by late April.
• Q4 FY26 Results: Net profit rose 20.9% (₹8,501 crore) and revenue grew 13.4% (₹46,402 crore), but FY27 guidance disappointed (1.5–3.5% growth).
• AI Disruption Concerns: Analysts flagged reduced demand for traditional IT services due to AI adoption.
• Stock Performance: Shares fell over 24% between January and mid‑February 2026, closing at ₹1,242 on April 23.

Who replaced Infosys in the Top 10:

• LIC: Market cap ~₹5.5 lakh crore, ahead of Infosys.
• Bajaj Finance: Entered the Top 10 with strong NBFC momentum.
• Reliance Industries: Still India’s most valuable company.
• HDFC Bank: Overtook TCS in rankings.
• Bharti Airtel: Benefiting from strong subscriber growth.

Current Snapshot (April 2026):

Rank	Company	Sector	Market Cap (Approx.)
1	Reliance Industries	Energy/Telecom	₹19+ lakh crore
2	HDFC Bank	Banking	₹12+ lakh crore
3	TCS	IT Services	₹11+ lakh crore
4	ICICI Bank	Banking	₹8+ lakh crore
5	SBI	Banking	₹7+ lakh crore
6	Bharti Airtel	Telecom	₹6+ lakh crore
7	LIC	Insurance	₹5.5 lakh crore
8	Bajaj Finance	NBFC	₹5.2 lakh crore
9	Hindustan Unilever	FMCG	~₹5 lakh crore
10	Infosys (now outside)	IT Services	~₹4.9–5.0 lakh crore

Key Takeaways:

• Infosys’s exit marks a turning point for IT firms in India’s market‑cap rankings.
• Financials and telecom are driving growth, reflecting investor confidence.
• AI disruption reduces demand for legacy IT outsourcing models.

Nvidia Near $4 Trillion Market Valuation

Market Cap Peak of Nvidia hit $3.92 trillion on Thursday, momentarily surpassing Apple’s record of $3.915 trillion set in December 2024. It closed slightly lower at $3.89 trillion, still ahead of Microsoft ($3.7T) and Apple ($3.19T). The Growth Trajectory of Nvidia has increased exponentially, as its valuation has increased nearly 8x since 2021, when it was worth around $500 billion.

🧠 Why the Surge?

• AI Dominance: Nvidia’s chips, especially the H100 and successors, are the backbone of AI infrastructure—powering everything from large language models to autonomous systems.
• Client Base: Major tech firms like Microsoft, Amazon, Meta, Alphabet, and Tesla are racing to build AI data centers, fueling demand for Nvidia’s processors.
• Investor Confidence: Despite global trade tensions and competition from cheaper AI models (like China’s DeepSeek), Nvidia’s earnings and demand have remained robust.

📊 Market Impact

• S&P 500 Influence: Nvidia now makes up 7.4% of the S&P 500, and together with Microsoft, Apple, Amazon, and Alphabet, these five account for 28% of the index.
• Valuation Metrics: Nvidia trades at 32x forward earnings, below its 5-year average of 41, suggesting earnings are keeping pace with stock growth.

🧭 What’s Next?

• $4 Trillion Club: Analysts believe Nvidia and Microsoft could both officially cross the $4 trillion mark this summer, with eyes already on the $5 trillion milestone in the next 18 months.
• Risks: Heavy reliance on Taiwan’s TSMC for manufacturing and potential shifts in AI spending remain key vulnerabilities. 

📈 Nvidia Market Cap Timeline (1999–2025)

Year	Market Cap	Growth Highlights
1999	$0.96B	IPO era, early GPU development
2005	$6.25B	Rise of PC gaming and CUDA architecture
2015	$17.73B	Entry into deep learning and AI
2020	$323.24B	Pandemic-driven demand for GPUs and data centers
2021	$735.27B	AI boom begins, data center revenue surges
2023	$1.22T	Generative AI explosion (ChatGPT, LLMs)
2024	$3.35T	Surpasses Amazon and Alphabet
2025	$3.83T	Briefly becomes world’s most valuable company

Youtube is One of the World's Most Valuable Media Companies with Worth at Least $455 Billion

YouTube is one of the world's most valuable media companies and worth at least $455 billion on its own, which is more than 50% above Netflix's market cap, according to analysts at Needham & Co., reported Bloomberg.

Parent company Alphabet's revenue from subscriptions, platforms and devices, which includes YouTube subscriptions, is also poised to expand in the coming years.

YouTube's dominance in online video sharing and content creation is undeniable. With over 2 billion monthly active users, it remains the go-to platform for video content, generating substantial revenue through ads, sponsorships, and other monetization methods.

YouTube, often overshadowed by its parent company Alphabet Inc., is a media giant hiding in plain sight. According to analysts at Needham & Co., the streaming unit is worth at least $455 billion on its own, which is more than 50% above Netflix Inc.'s market cap. Despite this massive valuation, YouTube's true worth remains underappreciated due to Alphabet's conglomerate structure.

If even a small portion of YouTube were separately tradable, it could add significant value to Alphabet stock. However, there are no immediate signs of Alphabet considering such a separation. Regardless, YouTube's impact on the media landscape is undeniable, and its dominance in streaming continues to shape the industry.

YouTube primarily generates revenue through advertisements. It embeds targeted ads directly into the video clips users watch and promotes featured content. In the first three months of 2023, YouTube earned $6.69 billion from advertising, and in 2022, it generated $29.23 billion.

Additionally, YouTube's other revenue sources include YouTube Premium subscriptions, channel memberships, Superchat donations, YouTube TV, and merchandise commissions.

YouTube has a dominant and growing share in streaming, as consumers shift to such platforms and away from broadcast and cable TV. Ad revenue from the platform is expected to grow by nearly 17% to $37 billion in 2024 and by another 14% to $42 billion in 2025, according to estimates compiled by Bloomberg.

Alphabet’s revenue from subscriptions, platforms and devices, which includes YouTube subscriptions, is also poised to expand in the coming years. At Netflix, revenue is expected to be about $38.7 billion in 2024, with almost all of that derived from streaming, while YouTube accounts for about 10% of its parent’s total sales.

A recent survey of streaming platforms by TD Cowen showed that while Netflix still dominates in most TV categories, YouTube is often not far behind. And, it’s the top choice for watching content on a mobile phone.

RIL again becomes Most Valued Firm by Market Valuation

Last month, Tata Consultancy Services (TCS) went past Reliance Industries Ltd (RIL) to become the country's most valued firm by market valuation. However, in a latest this month, Reliance Industries Ltd (RIL) on Monday raced past TCS to become the country's most valued firm by market valuation again.

At close of trade on Monday, RIL's market capitalisation (m-cap) stood at Rs 8,19,073.62 crore, which is Rs 7,226.43 crore more than that of Tata Consultancy Services' (TCS) m-cap of Rs 8,11,847.19 crore on the BSE.

Shares of RIL rose by 1.15 per cent to close at Rs 1,292.10 on the BSE, while those of TCS closed flat at Rs 2,163.55.

RIL shares have gained ground since the announcement of a host of investor-friendly proposals at its annual general meeting held early last week. Since August 9, RIL shares have gone up by over 11 per cent.

RIL and TCS have in the past also competed with each other for the number one position in terms of market capitalisation.

In the domestic m-cap ranking, RIL was at number one position followed by TCS, HDFC Bank (Rs 6,03,371.38 crore), HUL (Rs 3,94,145.32 crore) and HDFC (Rs 3,64,763.82 crore) in the top-five list.

The m-cap figure of companies changes daily with stock price movement. PTI SUM

TCS overtakes Reliance Industries to become Most Valued Indian Firm by Market Valuation

Tata Consultancy Services on Thursday went past Reliance Industries Limited to become the country's most valued firm by market valuation yet again.

At close of trade, the market capitalisation (m-cap) of Tata Consultancy Services (TCS) stood at Rs 7,98,620.04 crore, which is Rs 17,455.58 crore more than that of Reliance Industries Limited (RIL) at Rs 7,81,164.46 crore on the BSE.

Shares of TCS rose by 1.51 per cent to close at Rs 2,128.30 on the BSE, while those of RIL declined 2.11 per cent to Rs 1,232.30.

Both TCS and RIL keep competing with each other for the coveted title of the most valued domestic firm in terms of market capitalisation.

Apart from TCS and RIL, others in the top five list are HDFC Bank with a market valuation of Rs 6,24,666.23 crore, followed by HDFC (Rs 3,78,824.35 crore) and HUL (Rs 3,75,809.46 crore).

The m-cap figures of companies change daily with the stock price movement. PTI SUM

China Startup that owns Musical.ly Beats Uber to become World’s Most Valuable Startup

A Chinese internet technology company that operates several content platforms powered by machine learning and which recently had a rough interaction with Chinese government when China’s central government ordered to close its flagship popular app, Jinri Toutiao, because of its rude and sexually explicit content that are mostly jokes, is now the world's most valuable startup beating America's Uber.

Beijing, China-based ByteDance or Bytemod Pte Ltd has just raised a fresh round funding amounting US$3 billion that will value the startup at US$78-75 billion, more than Uber Technologies, which currently valued at US$72 billion, reported Bloomberg.

Bytedance is company behind popular video app Musical.ly and News Republic, a news and video aggregator . The startup is also the owner of popular apps in China including TikTok, karaoke video app, and huge Chinese news aggregator Toutiao.

With this remarkable achievement, ByteDance has done an unexpected thing no 'Business Pundit' had ever thought of, particularly because at $75 billion valuation this largely unknown startup has not just outran Uber but have also broke the dominance of its local competitor in China and internet giants Baidu, Alibaba and Tencent -- the so-called BAT big three.

Now, ByteDance founder Yiming Zhang will join league of Alibaba's Jack Ma and Baidu's Robin Li and one may expect an increased traction of ByteDance in south east Asian countries particularly in India, Singapore and Indonesia. Zhang has recently been included in a China's list of 100 entrepreneurs lauded for their “great achievements in the development of the private economy” over the past 40 years.

ByteDance has an India connection too, as in 2016 the Chinese firm had made a major investment of $25 million in DailyHunt, India’s leading local language app.

In 2017, ByteDance had acquired a US-based popular short-form video app, Flipagram. In 2017, ByteDance acquired global news app News Republic and global video community musical.ly. After it acquired music start-up musical.ly, the company combined the two platforms into a single application under the TikTok name. It also runs BuzzVideo and Vigo Video.

In global tech community, ByteDance is known for its flagship app Toutiao, which is also the startup's core product. Toutiao was started out as a news recommendation engine and gradually evolved into a platform delivering content in a variety of formats, such as texts, images, question-and-answer posts, microblogs, and videos. Toutiao offers its users personalized information feeds that are powered by machine learning algorithms. A content feed is updated based on what the machine learns about a user’s reading preferences.

ByteDance’s investors include General Atlantic, SoftBank, KKR & Co and Primavera Capital Group, according to Crunchbase, which tracks venture capital investments.

Google's Alphabet Beats Apple To Become World's Most Valuable Company

Tech giant Google dropped a shocker on all of us last year by declaring its parent company Alphabet. And, now the company has successfully occupied the top position on the list of world's most valuable companies, dethroning Apple from the valuable position.
It seems, it's now the fight of the two big A's.

In early trading on Tuesday, 2nd Feb, Google's Alphabet pulled ahead of Apple.

Google's parent company first acquired the numero uno position on the 1st of the second month this year during Monday's extended session following its excellent fourth-quarter earnings. Meanwhile, Apple Inc.'s iPhone has its first downturn since it debut eight years ago.

Alphabet's shares increased by about 4 percent in the first regular hours of trading, this helped in pushing the company's market capitalisation to a whopping $539 billion. With the constant rumours about investors being unhappy about iPhone sales, Apple ended up dropping its market capitalisation to a mere $530 billion, behind Google's Alphabet's $539 billion.

Google has formed a new parent company of its own in August last year, which it named it - 'Alphabet'

Take a bow, Alphabet.

Google's Alphabet Beats Apple To Become World's Most Valuable Company

Tech giant Google dropped a shocker on all of us last year by declaring its parent company Alphabet. And, now the company has successfully occupied the top position on the list of world's most valuable companies, dethroning Apple from the valuable position.
It seems, it's now the fight of the two big A's.

In early trading on Tuesday, 2nd Feb, Google's Alphabet pulled ahead of Apple.

Google's parent company first acquired the numero uno position on the 1st of the second month this year during Monday's extended session following its excellent fourth-quarter earnings. Meanwhile, Apple Inc.'s iPhone has its first downturn since it debut eight years ago.

Alphabet's shares increased by about 4 percent in the first regular hours of trading, this helped in pushing the company's market capitalisation to a whopping $539 billion. With the constant rumours about investors being unhappy about iPhone sales, Apple ended up dropping its market capitalisation to a mere $530 billion, behind Google's Alphabet's $539 billion.

Google has formed a new parent company of its own in August last year, which it named it - 'Alphabet'

Take a bow, Alphabet.