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Source: Live Mint In the holiday-shortened week, nine out of the ten most valued companies collectively lost ₹2,94,170.16 crore in market capitalization, with Tata Consultancy Services (TCS) suffering the steepest decline amid a broader downturn in domestic equity markets. During the same week, the BSE Sensex dropped by 2,050.23 points (2.64%), and the NSE Nifty…
Source: Live Mint Stock Market today: The main stock indices, Nifty 50 and Sensex, began the day flat on Wednesday as they adjusted to the gains accumulated over the past week. Nonetheless, foreign portfolio investor (FPI) investments continue to flow in. The Nifty 50 index registered an opening at 23,700.95, reflecting an increase of 32.30…
Source: Live Mint The combined market capitalization of nine out of the top 10 most-valued companies surged by ₹3,06,243.74 crore last week, driven by a bullish trend in equities. ICICI Bank and Bharti Airtel emerged as the biggest gainers. During the same period, the BSE benchmark index jumped 3,076.6 points (4.16%), while the NSE Nifty…
Source: Live Mint Billionaire Elon Musk’s SpaceX has tied up with telecom giants Reliance Jio and Bharti Airtel to bring high-speed satellite internet service Starlink to India. Currently, the agreement seems limited to Bharti and Jio distributing Starlink’s satellite broadband services via their extensive retail network, mostly to B2C and B2B customers in rural and…
Source: Live Mint Investors in Bharti Hexacom Ltd stock must be a happier lot vis-à-vis their counterparts in Bharti Airtel Ltd, the parent company holding a 70% stake in the former. Hexacom’s shares have gained as much as 66% since its listing day’s closing price of ₹813.30 apiece on 12 April 2024. In comparison, the…
Source: Live Mint The combined market valuation of seven of the top 10 most valuable companies increased by ₹2,10,254.96 crore last week, with Reliance Industries and Tata Consultancy Services (TCS) leading the gains. During the same period, the BSE Sensex rose by 1,134.48 points (1.55%), while the NSE Nifty climbed 427.8 points (1.93%). Reliance Industries’…
Source: Live Mint The combined market capitalization of eight out of the top 10 most valuable companies declined by ₹3,09,244.57 crore in a holiday-shortened week, with Tata Consultancy Services (TCS) experiencing the steepest drop amid a broader bearish trend in the stock market. During the past week, the BSE Sensex plummeted by 2,112.96 points (2.80%),…
Source: Live Mint The combined market valuation of eight of the top-10 most valued firms eroded ₹1,65,784.9 crore last week, with Tata Consultancy Services (TCS) taking the biggest hit, in line with bearish trends in equities. Last week, the BSE benchmark declined 628.15 points, or 0.82 per cent, while the Nifty went lower 133.35 points,…
Source: Live Mint Indian telecom major Bharti Airtel Limited announced on Friday, February 21, that it has decided to increase its stakeholding by up to 5 per cent in the Airtel Africa business, according to an exchange filing. The parent company is increasing its stakeholding via a step-down subsidiary, Airtel Africa Mauritius Limited (AAML), which…
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…
