HCL Technologies, Bharat Electronics, LTI Mindtree, Siemens, and Sun TV Network are the top five companies with the largest estimated excess cash reserves, said the report. The IiAS assessment, drawn from FY24 financial statements, also accounts for acquisitions and announced capital expenditures after the balance sheet date.
ECB holds interest rates at 2% for a fourth time
The European Central Bank has held interest rates steady for the fourth time. Inflation is near the bank’s target. The euro zone economy is showing