Intentar ORO - Gratis
Top 10 Indian firms lose Rs 1.52 lakh cr in m-cap
The Business Guardian
|October 23, 2023
In the past week, India’s top 10 most valuable companies witnessed a collective drop in market capitalization, with significant losses incurred primarily by Reliance Industries and Tata Consultancy Services (TCS), as the equity market faced a period of weakness.
-
The BSE benchmark index, Sensex, reported a decline of 885.12 points, equivalent to a 1.33 percent decrease in the last week. This downturn significantly impacted the combined market valuation of the top 10 companies, resulting in a staggering loss of Rs 1,52,979.78 crore.
Reliance Industries, a conglomerate with interests in petrochemicals, retail, and telecommunications, took a substantial hit, with its market valuation plunging by Rs 34,876.78 crore, reducing it to Rs 15,55,531.53 crore.
Esta historia es de la edición October 23, 2023 de The Business Guardian.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE The Business Guardian
The Business Guardian
POWER INFRA RIDES CAPEX WAVE, BETS BIG ON DATA CENTRE GROWTH
Techno Electric & Engineering Company Ltd is a leading power-infrastructure company with over four decades of expertise specialising in Engineering, Procurement and Construction (EPC) services, asset ownership, operations and maintenance across power generation, transmission and distribution.
2 mins
May 17, 2026
The Business Guardian
Tech CEOs face US Congress on child online safety
The CEOs of Meta, Alphabet, TikTok and Snap have been invited back to Capitol Hill to answer questions from U.S. lawmakers about children’s online safety, according to a Senate aide.
1 mins
May 17, 2026
The Business Guardian
Powell’s tenure as Fed chair marked by fight for independence
When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs.
2 mins
May 17, 2026
The Business Guardian
Rupee depreciation can wipe out gains from fuel price hike
The Indian Rupee has reached a critical level where any further depreciation could wipe out the gains from the recent Rs 3 per litre increase in petrol and diesel prices, according to an SBI Research Ecowrap report.
2 mins
May 17, 2026
The Business Guardian
Govt e Marketplace marks 9 years of digital procurement
Women-led MSEs secured procurement orders worth over Rs 28,000 crore, while SC/ST entrepreneurs received orders exceeding Rs 6,000 crore.” the press release said, Start-ups on the platform secured orders worth more than Rs 19,000 crore, reflecting GeM’s role in supporting entrepreneurship and widening access to government procurement.
1 min
May 17, 2026
The Business Guardian
Rising oil prices and gold imports to widen trade deficit
With the West Asia conflict persisting and global oil prices likely to average around USD 100/bbl, India’s current account deficit could rise meaningfully this year, ICICI Bank Global Markets warns.
1 min
May 17, 2026
The Business Guardian
SpaceX accelerates IPO timeline
Elon Musk’s rocket and satellite maker SpaceX is aiming to list its shares as early as June 12 and has picked the Nasdaq as the trading venue for its blockbuster market debut, people familiar with the matter told Reuters on Friday.
1 mins
May 17, 2026
The Business Guardian
AI RESHAPING VENTURE CAPITAL'S ECONOMICS..
Capital concentration reflects the scale of the transformation. In 2025, AI captured over 50 per cent of global VC deal value, with nearly 60 per cent of funding going into rounds of $100 million or more. OpenAI, Scale AI, Anthropic, Project Prometheus and xAI raised $84 billion combined, equal to 20 per cent of all global VC.
1 min
May 17, 2026
The Business Guardian
Financial systems must remain connected to real...
“A small tea seller in a village or a professional in a metropolitan city can today transact through the same interoperable digital payment infrastructure,” he said.
1 min
May 17, 2026
The Business Guardian
Consumers sue Amazon for not refunding Trump tariff costs
Amazon.com Inc was sued on Friday by consumers seeking refunds for costs passed on to them in the form of higher prices as a result of tariffs the U.S. Supreme Court later concluded had been unlawfully imposed by President Donald Trump.
1 mins
May 17, 2026
Translate
Change font size