Mumbai, April 15 (IANS) Shares of Indus Towers came under pressure after Jefferies downgraded the stock to ‘Underperform’ from ‘Buy’ and slashed its target price, citing rising risks to growth, cash flows and valuations.The brokerage has cut its target price on Indus Towers to Rs 375 from Rs 530 — implying a downside of about 14 per cent from current levels.It said the downgrade reflects near-term uncertainties and structural pressures that could limit upside in the stock despite a stab…
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Mumbai, April 12 (IANS) Indian equity markets witnessed a sharp rally last week, lifting the combined market valuation of eight out of the top-10 most valued companies by a massive Rs 4,13,003.23 crore.The gain was led by strong gains in banking heavyweights HDFC Bank and ICICI Bank.The upbeat sentiment in the market was reflected in benchmark indices, with the Sensex surging 4,230.7 points or 5.77 per cent, while the Nifty climbed 1,337.5 points or 5.88 per cent during the week.According to Aji…
New Delhi, April 2 (IANS) Bharti Airtel on Thursday announced that it has reached a major milestone of 650 million customers globally, making it the second-largest telecom operator in the world by subscriber base.The telecom company, led by Sunil Bharti Mittal, has built a strong presence across India and Africa. In India alone, Airtel has over 368 million mobile users, , according to data from GSMA Intelligence.This includes 13 million homes connected through fixed broadband and 15 million cust…
Mumbai, March 29 (IANS) The combined market valuation of seven of India’s top-10 most valued companies fell sharply by Rs 1.75 lakh crore last week amid global uncertainties and geopolitical tensions.The decline came in a holiday-shortened week when benchmark indices ended lower. The Sensex dropped 949.74 points, or 1.27 per cent, while the Nifty fell 294.9 points, also down 1.27 per cent.Commenting on Nifty technical outlook, experts said that a decisive breakdown below the 22,700–22,500 ra…
Mumbai, March 27 (IANS) Indian stock markets ended sharply lower on Friday, snapping a two-day winning streak, as uncertainty around ongoing talks between the United States, Israel and Iran unsettled investor sentiment.The benchmark indices saw heavy selling pressure throughout the session. The Nifty fell 2.09 per cent, or 486.85 points, to close at 22,819.60. Similarly, the Sensex dropped 2.25 per cent, or 1,690.25 points, to settle at 73,583.22.Commenting on Nifty outlook, experts said that te…
New Delhi, March 25 (IANS) Major telecom firm Bharti Airtel on Wednesday said that its founder and Chairman Sunil Bharti Mittal will step down as Chairman of Airtel Africa at the conclusion of the company’s annual general meeting (AGM) in July 2026.The telecom company also announced that Gopal Vittal will be appointed as Non-Executive Chairman of Airtel Africa with effect from the same date.Mittal has served as Chairman of Airtel Africa since its listing in 2019, and the Board acknowledged his…
Mumbai, March 22 (IANS) HDFC Bank emerged as the biggest loser among India’s most-valued companies last week, with its market valuation plunging by over Rs 56,000 crore, even as the broader stock market remained largely flat with a negative bias.India’s equity markets witnessed a cautious week, with five of the top-10 most-valued companies together losing over Rs 1 lakh crore in market capitalisation.The decline was led by HDFC Bank, whose valuation dropped sharply by Rs 56,124.48 crore to R…
New Delhi, March 18 (IANS) India’s data centre capacity has expanded more than fourfold to over 1,500 MW in 2025 from 375 MW in 2020, Union Minister of State for Electronics and Information Technology Jitin Prasada told the Parliament on Wednesday. In a written reply to a question in the Lok Sabha, the minister said the growth reflects the government’s focus on strengthening digital infrastructure and expanding access to technology.“In line with Prime Minister Narendra Modi’s vision, the…
Mumbai, March 13 (IANS) Indian equity markets ended sharply lower on Friday as rising tensions in the Middle East weighed on investor sentiment and triggered broad-based selling across sectors.The benchmark indices, Nifty and Sensex, closed deep in the red as concerns over the prolonged US-Iran conflict intensified fears of a gas supply crunch and higher energy costs.The Nifty declined 488.05 points, or 2.06 per cent, to settle at 23,151.10. Meanwhile, the Sensex dropped 1,470.50 points, or 1.93…
Mumbai, March 8 (IANS) The market valuation of Larsen & Toubro declined sharply by Rs 45,629.03 crore this week, taking its total market capitalisation to Rs 5,43,208.36 crore, as a broad sell-off in equities weighed on India’s most valuable companies.Overall, eight of the top-10 most valued firms together lost Rs 2,81,581.53 crore in market valuation during the week.The losses came in line with a weak trend in the stock market, where the benchmark BSE Sensex dropped 2,368.29 points, or 2….