Market valuation of 5 of top 10 most-valued firms tumble over Rs 1.85 trillion
The combined market valuation of five of the top-10 most-valued firms tumbled Rs 1,85,952.31 crore last week.
The combined market valuation of five of the top-10 most-valued firms tumbled Rs 1,85,952.31 crore last week.
The combined market valuation of four of the top10 most valued firms eroded by Rs 96,605.66 crore last week.
Bharti Airtel has flagged a staggering 8 billion spam calls and 0.8 billion spam SMSes within two and a half months of launching its AIpowered spam fighting solution.
In the last week, the 5 out of 10 companies added Rs 1,13,117.17 crore to their total market valuation.
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.
Bharti Airtel on Wednesday announced that it has crossed the one million unique 5G user mark on its network, as the telecom operator rolls out 5G services in a phased manner. The company said it achieved this milestone in less than 30 days of its commercial launch even as the network is being built.
Bharti posted a consolidated revenue of Rs 34,728.7 crore for Q2FY23 as against Rs 28,435.2 crore in Q2FY22. The revenue increased by 22 per cent in comparison to the same period in FY22
Bharti Airtel will begin carrying out 5G services later this month, as it consented to requisite 5G equipment arrangements with South Korean tech giant Samsung.
Private 5G captive networks are about the deployment of high speed, enhanced data capacity, and ultra-low latency applications inside a closed manufacturing unit, hospital, airport and shipping port, among others.
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.
