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The combined market valuation of six of the top-10 most valued firms declined by Rs 64,734.46 crore in a holiday-shortened last week, with Bharti Airtel taking the biggest hit, reflecting the broader weakness in the equities market. Last week, the BSE benchmark Sensex declined 263.67 points, or 0.35 per cent, and the NSE Nifty fell 106.5 points, or 0.46 per cent. "Markets ended lower for the sixth consecutive week, declining by nearly half a per cent, reflecting heightened volatility driven by a mix of global and domestic uncertainties. "The holiday-shortened week began on a weak note as escalating US-Iran tensions and a sharp rise in crude oil prices weighed on sentiment, triggering broad-based selling pressure," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. However, markets staged a mid-week recovery supported by easing geopolitical concerns and softer oil prices, he added. "Despite this rebound, volatility remained elevated due to fluctuating global cues, continued ..
Bharti Airtel will deploy its AI-enabled spam protection tool on text messages sent via Google's messaging platform to protect its customers from potential digital fraud, as part of the collaboration between the two firms, the telecom operator said on Sunday. Following the partnership, Bharti Airtel has called out other internet-based apps to work with it to fight against spam messages. "By combining Airtel's network intelligence with Google's Rich Communications Services (RCS) platform and spam filtering, users get to experience RCS messaging with high-quality photo/video and interactive elements like message reactions, all while benefiting from enhanced protections that significantly reduce mobile spam and digital fraud," the statement said. Airtel claims to have blocked a staggering 7,100 crore spam calls and 290 crore spam SMSes that has led to a huge 68.7 per cent decrease in the value of financial losses on its network through its AI enabled tools in the last 1.5 years. Sever