The combined market valuation of eight of the 10 most valued firms plunged by Rs 2,28,690.56 crore in a holiday-shortened last week, with HDFC Bank and Reliance Industries taking the biggest hit, amid an overall weak trend in equities.
Last week, the BSE benchmark fell 1,829.48 points or 2.69 per cent, and the Nifty declined 518.1 points or 2.56 per cent.
Equity markets were closed on Tuesday on account of Ganesh Chaturthi.
From the top-10 pack, Reliance Industries, HDFC Bank, ICICI Bank, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance were the laggards while Tata Consultancy Services (TCS) and Hindustan Unilever were the gainers.
The market valuation of HDFC Bank plummeted by Rs 99,835.27 crore to Rs 11,59,154.60 crore. Shares of the company fell by nearly 8 per cent last week.
The valuation of Reliance Industries plunged Rs 71,715.6 crore to Rs 15,92,661.42 crore. The company's shares declined over 4 per cent past week.
ICICI Bank's valuation dropped Rs 29,41

HDFC Bank

LIC gears up to appeal against a hefty GST demand exceeding Rs 290 cr, encompassing penalties and interest

LIC, Life Insurance Corporation

Higher discounts on Russian oil this month may help Indian refiners reduce crude sourcing costs and trim fuel marketing losses even as Brent crude crosses $95/barrel, weakening the country's finances

oil refinery, crude oil, oil

When Chief Executive Officer Charlie Scharf took the reins at Wells Fargo in 2019, he quickly tagged the firm's wealth offerings as an area he'd seek to develop

Wells Fargo

The US provided Canada with intelligence after the killing of Sikh separatist Hardeep Singh Nijjar, but communications intercepted by Ottawa were more definitive and led it to accuse India of orchestrating the plot, The New York Times has reported citing sources.
The report came on Saturday as the top US diplomat in Canada confirmed that there was shared intelligence among Five Eyes partners that had prompted Canadian Prime Minister Justin Trudeau's offensive allegation against India in the killing of a Khalistani extremist on Canadian soil.
The allegations have infuriated India, which rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case. India also accused Canada of being a safe haven for terrorists.
Nijjar, the chief of the banned Khalistan Tiger Force (KTF), was killed in Surrey in British Columbia on June 18. India had designated Nijjar as a terrorist in ...

Hardeep Singh Nijjar, Hardeep Nijjar

Applicants can submit their forms by visiting sbi.co.in till 11:59 pm. Through this Apprentice recruitment, the State Bank of India will fill a total of 6,160 openings

His son, Lachlan Murdoch, will become the sole chairman of News Corp and continue as the chair and CEO of Fox, the companies said on Thursday

Rupert Murdoch

A parliamentary panel has observed that overcrowding in jails and delayed justice have become a pressing concern, leading to a series of consequences for both the prisoners and the criminal justice system as a whole.
The Parliamentary Standing Committee on Home Affairs, headed by BJP MP Brijlal, also recommended that special attention should be given to pregnant women on the line of a judgement of the Supreme Court where it was observed that a jail must have adequate facilities for prenatal and post-natal care for female prisoners as well as their children.
"The committees, notes that the issue of overcrowding and delayed justice has  become a pressing concern, leading to a series of consequences for both the prisoners  and the criminal justice system as a whole. The committee recommends that prisoners from overcrowded jails may be transferred to other jails with vacant cells in the same state or other states by signing MoUs to that effect. This kind of an arrangement can be mutual i

Bilkis Bano gang rape: All 11 life imprisonment convicts walk out of jail

Life imprisonment, jail, bail

The Indian government continues its commitment to tackling the issue of substance use disorder in the country, recognizing the significant social and health implications it carries

Addiction via Shutterstock.com

Edtech firm Infinity Learn by Shri Chaitanya has turned profitable in the second year of its operation, with revenue of over Rs 100 crore, a senior company official said on Thursday.
Infinity Learn by Sri Chaitanya founding CEO Ujjwal Singh said the company expects Rs 500 crore in revenue by 2025 and over seven times growth in overall subscriber base to 5 crore.
"In less than two years of commencing operations, we have turned profitable, and our topline has crossed Rs 100 crore. We aim to be a Rs 500 crore firm by 2025," Singh told PTI.
Infinity Learn commenced operation in June 2021 and closed the first fiscal with a loss of Rs 37 crore.
The edtech firm, at present, has a gross user base of 70 lakh, out of which 7.5 lakh are paid subscribers.
Singh said the company has started three offline centres and plans to set up 40 centres by 2025.
"Each of the centres will have the capacity to accommodate 2,500-3,000 learners," Singh said.
Infinity Learn will scale up the integrated scho

loans, rates, interest, investment, returns, earnings, growth, loss, profit

Bharat Biotech arm is setting up a Rs 1200 crore manufacturing site in Bhubaneshwar

Dr Krishna Ella

JP Nadda further stated that developments in railways will lead to a new era of connectivity and help make progress in the realisation of a developed India

Bharatiya Janata Party president JP Nadda

Lieutenant Governor V K Saxena has directed civic officials to revamp roads, pavements, parks, and sewerage and drainage systems in east Delhi areas, officials said on Sunday.
The Lt Governor's office will monitor the progress of the work and no status report will be accepted without photo or video evidence, they said.
The direction came after Saxena visited several areas of east Delhi, including Shashtri Park, Mansarovar Park, Seelampur, Shyam Lal College, Karkardooma, Surajmal Park, and Dilshad Garden.
He flagged the poor condition of roads, sanitation, encroachment, and clogged drains and directed civic agencies to begin the work immediately, officials said.
"Daily progress of work will be monitored by the LG Secretariat," an official said.
The  Lt Governor has specifically directed that no progress report from any agency would be accepted unless supported by before and after photographs, they said.
He asked all concerned agencies -- MCD, PWD, DDA, DJB -- to sort out the ...

Contractors will now be given funds every month, rather than on the basis of the milestone achieved

road construction, highway construction

In the Men's round, Santosh beat Bangladesh's Rahman Mohammad Fahad by 1-0. On the other hand, Arjun defeated the Philippines' Bersamina Paulo by 1-0

chess

The two-day event (September 25-26) at Vigyan Bhawan, New Delhi will be filled with insightful discussions and deliberations on challenges, trends, and best practices related to the two schemes

Displaying categorized search results for asset-allocation

Latest News

In this section

All

Bharat Biotech to invest Rs 3,000-4,000 crore for next leg of growth

Railways witnessed unprecedented transformation under PM Modi: JP Nadda

Carry out repair, beautification work in east Delhi areas: LG to officials

Asian Games: India chess team shines in round 1 of Chess tournament

National Health Authority to host 2-day Arogya Manthan event in Delhi

Most Popular

Read

Shared

Commented

M-cap of 8 of 10 firms lose Rs 2.28 trn; HDFC, Reliance biggest laggards

LIC to challenge Rs 290 cr GST bill issued by Bihar tax authority

After lower sales in August, Russia ups discount on crude sale to India

Banking giant Wells Fargo prepares for wealth battle after $1 bn turnaround

US provided Canada intel on separatist Nijjar's killing, reports NYT

Displaying categorized search results for asset-allocation Advance Search