With India’s telecom sector witnessing rapid changes as Elon Musk’s SpaceX plans to enter India to offer Starlink’s high-speed internet services, extending ties with Bharti Airtel and Reliance, investors may face the dilemma of choosing between two of the biggest players in the industry. While Bharti has demonstrated strong resilience amid market fluctuations, Reliance continues … Read more
Bharti Airtel has transferred its entire 69.94 per cent stake in Airtel Payments Bank to wholly-owned subsidiary Airtel Limited, a regulatory filing said on Tuesday. “The shareholding of 69.94 per cent, held by Bharti Airtel Limited in Airtel Payments Bank Limited, is being transferred to the Company’s wholly-owned subsidiary (i.e. Airtel Limited), post receiving requisite … Read more
The combined market valuation of eight of the 10 most valued domestic firms eroded by Rs 2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a … Read more
Mutual funds reduced holdings in 10 major companies in December, with the highest selling in HDFC Bank (Rs 6,154 crore), followed by Voltas, HCL Tech, Hindustan Aeronautics, and Mphasis, indicating a shift in investment strategies. Source link
The combined market valuation of four of the top-10 most valued firms eroded by Rs 96,605.66 crore last week, with HDFC Bank taking the biggest hit. While Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India suffered erosion from their valuation, Reliance Industries, Bharti Airtel, Infosys, ITC, Life Insurance Corporation of … Read more
The combined market valuation of all the top-10 most valued firms plunged Rs 4,95,061 crore last week, in line with a bearish trend in equities, where Tata Consultancy Services and Reliance Industries faced the sharpest erosion. Last week, the BSE benchmark tanked 4,091.53 points or 4.98 per cent. “The Indian equity market recorded its steepest … Read more
Eight of the top-10 most valued domestic firms together added Rs 1,55,603.45 crore in market valuation last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, in tandem with firm trend in equities. Last week, the BSE benchmark zoomed 1,536.8 points, or 1.98 per cent, and the Nifty climbed 374.55 points, … Read more
“What the reaction of the global markets will be to US elections and whoever wins is tough to say. It is unpredictable, so I think that is something we need to watch out for. But from the Indian largecap, Nifty and Sensex, my personal view is that downside, if at all from the current level, … Read more
Brokerage firms like UBS have a neutral rating on Bharti Airtel, while Nomura has buy ratings on Macrotech Developers and BPCL. Additionally, Nuvama and Jefferies hold buy ratings on Federal Bank and Sun Pharma, respectively. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on Bharti Airtel: … Read more
Four of the top-10 most-valued firms together added Rs 81,151.31 crore in market valuation last week, with ICICI Bank and HDFC Bank emerging as the biggest gainers. Last week, the BSE benchmark declined 156.61 points, or 0.19 per cent. While HDFC Bank, Bharti Airtel, ICICI Bank, and the State Bank of India were the gainers, … Read more