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.
With an installed base of 1010MWp and pipeline of 2800 MWp, holds one of the largest renewable energy portfolios in India.
Consolidated revenue rose 22 per cent to Rs 25,785 crore in the September quarter while net loss narrowed to Rs 763 crore.
Airtel Africa CEO Raghunath Mandava said the first half of current fiscal year included the peak impact of the COVID-19 pandemic in the countries.
On the other hand, ONGC, Axis Bank, Tech Mahindra, Infosys and ICICI Bank were among the laggards.
Bharti Airtel’s revenue jumped 15.4 per cent to Rs 23,938.7 crore from previous Rs 20,737.9 crore during the same quarter year ago.
