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The combined market valuation of seven of the top-10 most valued firms surged by Rs 1,28,281.52 crore last week, with Reliance Industries and Bharti Airtel emerging as the biggest gainers, in line with a positive trend in equities. Last week, the BSE benchmark jumped 669.14 points or 0.79 per cent. While Reliance Industries, HDFC Bank, Bharti Airtel, Tata Consultancy Services (TCS), State Bank of India, Infosys and Hindustan Unilever were the gainers, Bajaj Finance, Life Insurance Corporation of India (LIC) and ICICI Bank faced erosion in their valuation. The market valuation of Reliance Industries jumped by Rs 36,673 crore to Rs 20,92,052.61 crore. Bharti Airtel's valuation surged by Rs 36,579.01 crore to Rs 12,33,279.85 crore. The valuation of Infosys zoomed by Rs 17,490.03 crore to Rs 6,41,688.83 crore, and that of TCS rallied by Rs 16,299.49 crore to Rs 11,39,715.66 crore. The market capitalisation (mcap) of HDFC Bank grew by Rs 14,608.22 crore to Rs 15,35,132.56 crore, and t
S&P Global Ratings has raised Bharti Airtel's ratings to 'BBB' on expectations that the telco's earnings growth will remain robust over the next 24 months fuelled by Indian operations, subscriber adds and user revenue lift. The outlook for the Indian operations stems from expectations of 2 per cent to 4 per cent of annual subscriber additions and average revenue per user (ARPU) growth of 6 per cent to 8 per cent in the same period, a fall out of upgrades to higher-priced plans and higher data consumption. S&P Global Ratings has raised its long-term issuer credit ratings on Bharti Airtel to 'BBB' from 'BBB-'. "At the same time, we raised our ratings on the senior unsecured debt the company issued or guarantees to 'BBB' from 'BBB-', and the ratings on its subordinated perpetual securities to 'BB+' from 'BB'," it said. The positive outlook reflects S&P Global Ratings' view that Bharti Airtel's continued deleveraging, and a correspondingly supportive leverage tolerance, could .
Telecom operator Bharti Airtel has expanded its network footprint to Man and Merak -- two of the remotest villages on the Eastern Border of Ladakh -- near the world-famous Pangong Lake, the company said on Monday. Airtel said the expansion of the network connects the entire route between Chushul and Pangong Tso (Pangong Lake), which is at the Line of Actual control. "Located along the stretch between Man and Merak villages on the eastern border of Ladakh, this area has long struggled with zero connectivity and no telecom network availability, leaving a vast corridor of approximately 50 kilometres without coverage. High-speed network rollout in these villages marks a transformative moment, enabling residents, security forces, and tourists to stay connected in one of India's toughest terrains," Airtel said in a statement. With this deployment, the entire route between Chushul and Pangong Tso is connected, significantly boosting the tourism potential of this globally renowned ...
The combined market valuation of eight of the top 10 most valued companies surged by Rs 2,05,185.08 crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest gainers. Last week, the BSE Sensex appreciated by 1,346.5 points, or 1.62 per cent, and the NSE Nifty rose 417.75 points, or 1.64 per cent. Markets staged a strong rebound during the week, ending firmly in the green after the recent phase of weakness. The market capitalisation of Bharti Airtel surged by Rs 55,652.54 crore to Rs 11,96,700.84 crore. Reliance Industries Ltd's market valuation jumped by Rs 54,941.84 crore to Rs 20,55,379.61 crore. The mcap of Tata Consultancy Services zoomed by Rs 40,757.75 crore to Rs 11,23,416.17 crore and that of ICICI Bank climbed by Rs 20,834.35 crore to Rs 9,80,374.43 crore. State Bank of India's market valuation rallied by Rs 10,522.9 crore to Rs 8,92,923.79 crore, and that of Infosys advanced by Rs 10,448.32 crore to Rs 6,24,198.80 crore. HDFC Bank added Rs 9,14
The combined market valuation of seven of the top-10 most valued firms eroded by Rs 88,635.28 crore in a holiday-shortened last week, with Bharti Airtel and Tata Consultancy Services taking the biggest hit, in line with the weak trend in equities. In a holiday-shortened last week, the BSE benchmark tanked 722.43 points or 0.86 per cent, and the Nifty declined by 229.8 points or 0.89 per cent. While Reliance Industries, HDFC Bank, Bharti Airtel, Tata Consultancy Services (TCS), ICICI Bank, Infosys and Hindustan Unilever faced erosion from their valuation, State Bank of India, Bajaj Finance and Life Insurance Corporation of India (LIC) were the gainers from the top-10 pack. The market valuation of Bharti Airtel tumbled Rs 30,506.26 crore to Rs 11,41,048.30 crore. TCS faced an erosion of Rs 23,680.38 crore from its valuation, which stood at Rs 10,82,658.42 crore. The market capitalisation (mcap) of Hindustan Unilever dropped by Rs 12,253.12 crore to Rs 5,67,308.81 crore, and that of