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…
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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….
Mumbai, March 4 (IANS) Indian stock markets fell for the third straight session on Wednesday as investors remained cautious over rising tensions in the Middle East, particularly the growing conflict between the United States and Iran.The uncertainty kept traders on edge and triggered selling across sectors. The Nifty ended the day 1.6 per cent lower, slipping 385.2 points to close at 24,480.5.The Sensex also witnessed heavy selling and dropped 1,122.66 points, or 1.40 per cent, to settle at 79,1…
New Delhi, March 1 (IANS) Bharti Airtel and Google on Sunday announced a collaboration to offer a safer and more engaging messaging experience for millions of users in India. The partnership combines Airtel’s network intelligence with Google’s Rich Communications Services (RCS) platform and built-in spam protection to reduce mobile spam and digital fraud.Under the collaboration, users will be able to access RCS messaging with features such as high-quality photo and video sharing, interactive…
Mumbai, March 1 (IANS) The market capitalisation of Tata Consultancy Services (TCS) dropped by Rs 18,180.89 crore last week, bringing its total valuation down to Rs 9,53,872.59 crore, as equity markets remained under pressure.Overall, nine of the top-10 most valued companies together lost Rs 2,18,902.09 crore in market valuation during the week — reflecting a bearish trend in the stock market.The BSE benchmark index declined sharply by 1,527.52 points, or 1.84 per cent, over the same period.Acc…
Mumbai, Feb 26 (IANS) The Indian stock market ended a volatile trading session on a mixed note on Thursday, with healthcare and PSU bank stocks leading the gains while media and FMCG shares lagged behind.The benchmark Nifty closed marginally higher by 0.06 per cent, or 14.05 points, at 25,496.55. In contrast, the Sensex slipped 27.46 points, or 0.03 per cent, to settle at 82,248.61.Commenting on Nifty technical outlook, experts said that a decisive close above 25,700 accompanied by strong volume…
Mumbai, Feb 23 (IANS) Bharti Airtel on Monday announced plans to invest Rs 20,000 crore over the next few years to expand its digital lending business through its Non-Banking Financial Company (NBFC) subsidiary, Airtel Money Limited.The telecom major said the fresh capital infusion will help strengthen its presence in India’s fast-growing financial services sector and narrow the country’s credit gap.Of the total Rs 20,000 crore investment, Airtel will contribute 70 per cent, while the remain…
Mumbai, Feb 22 (IANS) The combined market valuation of six of India’s top-10 most valued companies rose by Rs 63,478.46 crore last week, with Larsen & Toubro and State Bank of India emerging as the biggest gainers.The broader market also ended the week on a positive note, as the 30-share BSE Sensex advanced 187.95 points, or 0.22 per cent.Among the gainers, Larsen & Toubro saw its market capitalisation jump by Rs 28,523.31 crore to Rs 6,02,552.24 crore.State Bank of India added Rs 16,0…