Market valuation of 4 of top-10 firms surge by Rs 2.20 lakh crore
The combined market valuation of four of the top-10 most valued firms surged by Rs 2.20 lakh crore last week.
The combined market valuation of four of the top-10 most valued firms surged by Rs 2.20 lakh crore last week.
Last week, the combined market valuation of eight of the top-10 most-valued firms eroded by Rs 2,81,581.53 crore.
Hindustan Unilever added Rs 5,462.81 crore taking its mcap to Rs 5,49,393.18 crore.
At the close, the Sensex settled 1,068.74 points, or 1.28 per cent, lower at 82,225.92, while the broader Nifty ended at 25,424.65, down 288.35 points, or 1.12 per cent.
The announcement comes days after Airtel Money was granted NBFC license by the Reserve Bank of India on February 13.
Bharti posted a consolidated revenue of Rs 34,728.7 crore for Q2FY23 as against Rs 28,435.2 crore in Q2FY22. The revenue increased by 22 per cent in comparison to the same period in FY22
Bharti Airtel will begin carrying out 5G services later this month, as it consented to requisite 5G equipment arrangements with South Korean tech giant Samsung.
Private 5G captive networks are about the deployment of high speed, enhanced data capacity, and ultra-low latency applications inside a closed manufacturing unit, hospital, airport and shipping port, among others.
At the recently held 5G spectrum auction for 5G services by the Department of Telecom, Airtel acquired 19867.8 MHZ range in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz, and 26 GHz frequencies.
"The industry requires long overdue support to maintain its current 3+1 industry structure and allow players to earn a respectable return on their investments," Mittal said.
