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Source: Live Mint Bharti Airtel share price declined over a percent on Wednesday, extending its fall for the third consecutive session, following a block deal in the shares of India’s second-largest telecom company. Bharti Airtel shares fell as much as 1.23% to ₹1647.75 apiece on the BSE. Over the past three sessions, Bharti Airtel shares…
Source: Live Mint The combined market valuation of eight of the 10 most valued domestic firms eroded by ₹2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day…
Source: Live Mint Buy or sell: The Indian stock market witnessed a downward trend this past week. In the last month, Foreign Institutional Investors (FII) were net sellers, offloading shares worth Rs. 87,000 crores. This month, FIIs have already sold shares worth Rs. 30,000 crores, a significant figure that has added to market nervousness. Additionally,…
Source: Live Mint The Supreme Court of India on Friday dismissed review petitions filed by telecom companies, including Vodafone Idea and Bharti Airtel, seeking corrections in the calculation of their adjusted gross revenue (AGR) dues, reports said. This ruling upholds the apex court’s 2021 decision, leaving the companies with no further legal options. Telecom firms…
Source: Live Mint The combined market capitalization of six out of the ten most valuable companies surged by ₹1,18,151.75 crore last week, with HDFC Bank and Bharti Airtel emerging as the top gainers, aligning with the positive trend in equities. During the week, the BSE benchmark rose by 354.23 points (0.45%), while the Nifty gained…
Source: Live Mint Bharti Airtel Q3 Results: Telecom-major Bharti Airtel Limited announced its October to December quarter results on Thursday, February 6. The company announced that the net profit for the third quarter skyrocketed approximately 460% to ₹16,135 crore in the financial year 2024-25, compared to ₹2,876 crore in the same quarter a year ago. …
Source: Live Mint In a recent note, brokerage house Motilal Oswal Financial Services (MOSL) stated that a slowdown in consumption and commodity weakness have weighed on corporate earnings, even as sectors such as BFSI, Healthcare, Capital Goods, and Technology delivered strong performances. However, the government’s shift from capital expenditure to consumption in its latest budget…
Source: Live Mint The big day is here! FM Sitharaman will deliver her 8th Budget speech at 11 a.m. Even though it’s a Saturday, stock markets (BSE and NSE) will remain open. This will be her second full Budget under Modi 3.0 and her eighth overall, including six annual and two interim Budgets during the…
Source: Live Mint Telecom major Bharti Airtel is set to offer non-banking lender Bajaj Finance’s financial products in India, the companies said on Monday, reported Reuters. At the start, Airtel will offer Bajaj Finance’s products through its mobile application, and later through its physical stores, both the companies said in a joint statement. This partnership…
Source: Live Mint The combined market capitalization of five of the top-10 most-valued companies fell by ₹1,85,952.31 crore last week, with HDFC Bank experiencing the largest decline, aligning with a weak trend in the domestic stock market. During the same period, the BSE Sensex dropped 1,844.2 points (2.32 per cent), while the Nifty index shed…
