Seven companies marketcap decreases by over Rs 1 lakh crore
Last week, Nifty fell 50 points or 0.20 per cent to 24,964 and Sensex fell 307 points or 0.38 per cent to 81,381. This was the second consecutive week when the market closed in the red.
Last week, Nifty fell 50 points or 0.20 per cent to 24,964 and Sensex fell 307 points or 0.38 per cent to 81,381. This was the second consecutive week when the market closed in the red.
Nine of the top-10 most valued firms together added Rs 2,01,552.69 crore in market valuation last week.
Its India business saw quarterly revenues of Rs 29,046 crore -- up 10.1 per cent backed by strong and consistent performance across the portfolio, said the company.
This was followed by Reliance Jio’s recent hike unveiling a series of new unlimited plans with effect from 3 July 2024.
In the last week (May 20-24), nine of the top-10 most-valued firms together added Rs 1,85,320.49 crore in market valuation.
At the recently held 5G spectrum auction for 5G services by the Department of Telecom, Airtel acquired 19867.8 MHZ range in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz, and 26 GHz frequencies.
"The industry requires long overdue support to maintain its current 3+1 industry structure and allow players to earn a respectable return on their investments," Mittal said.
As members of the O-RAN Alliance, Airtel and Intel will work closely for developing a range of Make in India 5G solutions and enabling world-class telecom infrastructure in India through local partners.
Last month, the telco had reported a net profit of Rs 759 crore for the January-March quarter.
Airtel is providing end-to-end managed security services to enterprise customers under Airtel Secure.
