Mcap of 7 of top-10 most valued firms erodes by ₹1.25 lakh cr; Reliance takes biggest hit

admin — Sun, 07 Jun 2026 09:25:00 +0000

Image used for representational purpose only. File
| Photo Credit: Getty Images/iStockphoto

The combined market valuation of seven of the top-10 most-valued firms eroded by ₹1.25 lakh crore last week, with Reliance Industries taking the biggest hit, in-line with a bearish trend in equities.

Last week, the BSE benchmark Sensex declined 532.4 points, or 0.71%, and the NSE Nifty dipped 181.05 points, or 0.76%.

“Persistent FII selling remained the key drag on market sentiment despite supportive developments such as cooling crude oil prices and a recovery in the rupee against the US dollar. Concerns regarding the pace of monsoon advancement also weighed on investor confidence,” Santosh Meena, Head of Research at Swastika Investmart Ltd., said.

From the top-10 pack, Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC) and Hindustan Unilever faced erosion from their valuation, while HDFC Bank, ICICI Bank, and State Bank of India were the gainers.

The market valuation of Reliance Industries dropped ₹39,718 crore to ₹17,47,321.40 crore.

TCS faced an erosion of ₹20,134.66 crore from its valuation, which stood at ₹7,95,346.09 crore.

Bharti Airtel’s market valuation dived ₹18,736.04 crore to ₹10,96,150.49 crore and that of Larsen & Toubro tumbled ₹16,880.2 crore to ₹5,43,956.44 crore.

The market capitalisation (mcap) of LIC diminished ₹14,610.74 crore to ₹5,05,873.32 crore.

Bajaj Finance lost ₹9,681.36 crore from its mcap, which stood at ₹5,53,580.97 crore.

The valuation of Hindustan Unilever declined ₹5,909.23 crore to ₹4,98,301.31 crore.

However, the mcap of State Bank of India jumped ₹12,692.09 crore to ₹9,02,523.63 crore.

The valuation of ICICI Bank went up ₹4,484.86 crore to ₹9,05,074.77 crore and that of HDFC Bank climbed ₹4,101.47 crore to ₹11,50,743.31 crore.

Reliance Industries remained the most-valued domestic firm followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC, and Hindustan Unilever.

Published – June 07, 2026 02:55 pm IST

Source link

35 Odisha Workers Held Captive In Laos, Chief Minister Orders Rescue

admin — Sat, 14 Oct 2023 03:54:37 +0000

The workers alleged that the company had forcibly taken away their passports.

Bhubaneswar:

A group of 35 labourers from Odisha alleged that they were held captive by a company in Laos for which they were working. Urging the government to bring them back, the labourers in a video clip said the plywood company stopped its operations about one-and-a-half-months ago, but they were neither allowed to return nor paid wages.

The workers from Rajkanika block of Kendrapara district alleged that the company had also forcibly taken away their passports. After it was brought to the notice of the state government, Chief Minister Naveen Patnaik directed officers concerned to make arrangements for bringing them back home.

Following this, the state labour commissioner took up the issue with the Indian embassy in Laos, a CMO official said.

The embassy informed the Odisha government that all steps will be taken for the safe return of the workers to India, he said.

The labourers had sent the video clip to the people in their village, who contacted the local MLA. The legislator in turn brought it to the notice of the state government.

“We have no money or food to eat. We are also not allowed to return,” said Saroj Palai, one of the labourers held captive in the Southeast Asian country.

Source link

Company – Artifex.News

Mcap of 7 of top-10 most valued firms erodes by ₹1.25 lakh cr; Reliance takes biggest hit

35 Odisha Workers Held Captive In Laos, Chief Minister Orders Rescue