Top 8 firms add over ₹4 lakh crore in market cap, HDFC Bank, ICICI Bank lead gains
In a week, the market valuation of eight of the top 10 most valued firms surged by ₹4,13,003.23 crore, with HDFC Bank and ICICI Bank emerging as the biggest gainers.
In a week, the market valuation of eight of the top 10 most valued firms surged by ₹4,13,003.23 crore, with HDFC Bank and ICICI Bank emerging as the biggest gainers.
HDFC Bank took the biggest hit as its valuation tumbled Rs 56,124.48 crore to Rs 12,01,267.28 crore.
In a significant development, HDFC Bank's part-time chairman and independent director Atanu Chakraborty has resigned from his position citing concerns over “certain happenings and practices” at the bank.
HDFC Bank Managing Director and CEO Sashidhar Jagdishan has approached the Supreme Court seeking quashing of a criminal FIR filed against him by the Lilavati Kirtilal Mehta Medical Trust, which manages Mumbai’s prominent Lilavati Hospital.
Reliance Industries and HDFC Bank remained with maximum gain, in line with an optimistic trend in equities.
Over 80% of the health insurance policyholders believe that there are delays in claims which are intentional, designed to pressure policyholders into accepting lower claim amounts.
The research wing of CyberPeace on Wednesday claimed that 1.6 crore (16 million) customer records of HDFC Life Insurance are allegedly being sold on a Dark Web forum for 200,000 USDT (Tether cryptocurrency).
Reliance Industries, ICICI Bank, State Bank of India, ITC, Hindustan Unilever, and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, and Infosys faced erosion from their market valuation.
HDFC Bank has issued an advisory, urging its customers to stay vigilant and avoid falling victim to fraudulent practices like digital arrest.
Last week, nine of the top 10 most valued firms together lost a whopping Rs 2,09,952.26 crore from market valuation. Hindustan Unilever and Reliance Industries Limited took the biggest hit.
