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.
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.
Reliance Jio was the only winner who raised its subscriber base to 389 million.
