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The combined market valuation of seven of the top 10 most valued companies surged by Rs 2,10,254.96 crore last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers. Last week, the BSE Sensex climbed 1,134.48 points or 1.55 per cent, and the NSE Nifty rose 427.8 points or 1.93 per cent. The market capitalisation (mcap) of Reliance Industries surged by Rs 66,985.25 crore to Rs 16,90,328.70 crore. Tata Consultancy Services (TCS) market valuation climbed by Rs 46,094.44 crore to Rs 13,06,599.95 crore. With this sharp rise in its market valuation, TCS again rose to the second rank in the top-10 most-valued firms chart. The mcap of State Bank of India zoomed by Rs 39,714.56 crore to Rs 6,53,951.53 crore and that of Bharti Airtel advanced by Rs 35,276.3 crore to Rs 9,30,269.97 crore. ITC's market valuation rallied by Rs 11,425.77 crore to Rs 5,05,293.34 crore and that of ICICI Bank surged Rs 7,939.13 crore to Rs 8,57,743.03 crore. Hindustan Unilev
Foreign investors continue to pull back money from the Indian equity market, withdrawing Rs 24,753 crore (about USD 2.8 billion) in the first week of March amid escalating global trade tensions and lacklustre corporate earnings. This came following an outflow of Rs 34,574 crore from equities in February and Rs 78,027 crore in January. The total outflow by FPIs has reached Rs 1.37 lakh crore in 2025 so far, data with the depositories showed. According to the data with the depositories, Foreign Portfolio Investors (FPIs) offloaded shares worth Rs 24,753 crore from Indian equities this month (till March 7). This also marks the 13th consecutive week of net outflows. Since December 13, 2024, FPIs have offloaded equity shares to the tune of USD 17.1 billion. The sustained selling by overseas investors is chiefly due to a combination of global and domestic factors. A major catalyst continues to be the escalation in global trade tensions, which significantly weigh on investor sentiment.
India and the 27-nation European Union (EU) bloc will start the tenth round of negotiations for a proposed free trade agreement from Monday in Brussels amid Trump tariff threats, according to an official. The talks are expected to focus on resolving remaining issues so that the agreement can be finalised by the end of this year. During the recent visit of EU Commissioner for Trade and Economic Security Maros Sefcovic, the two sides have discussed ways to accelerate efforts towards a balanced and mutually beneficial trade pact. Prime Minister Narendra Modi and European Commission President Ursula von der Leyen last month agreed to conclude the ambitious India-EU free trade deal by this year amid fears of the Trump administration's threat of higher tariffs. "The two sides are scheduled to hold the tenth round of negotiations for the FTA from March 10-14 in Brussels," the official said. In June 2022, India and the 27-nation EU bloc resumed the negotiations after a gap of over eight .
The death toll from two days of clashes between security forces and loyalists of ousted Syrian President Bashar Assad and revenge killings that followed has risen to more than 1,000, including nearly 750 civilians, a war monitoring group said Saturday, making it one of the deadliest outbreaks of violence since Syria's conflict began 14 years ago. The Britain-based Syrian Observatory for Human Rights said that in addition to 745 civilians, 125 members of the government security forces and 148 militants with armed groups affiliated with deposed President Bashar Assad were killed. The observatory also said that electricity and drinking water were cut off in large areas around the coastal city of Latakia and many bakeries shut down. The clashes, which erupted Thursday, marked a major escalation in the challenge to the new government in Damascus, three months after insurgents took authority after removing Assad from power. The government has said that they were responding to attacks fro
Sebi on Friday proposed to cut the minimum application size for public issuance of Zero Coupon Zero Principal instruments issued by non-profit organizations on Social Stock Exchange (SSE) to either Rs 5,000 or Rs 1,000 from the existing Rs 10,000. The move, if implemented, would boost the retail participation in ZCZP issuances by NPOs. Zero-coupon, zero-principal (ZCZP) are instruments for donating money to non-profit organizations (NPOs) listed on the SSE. In its consultation paper, Sebi has proposed that minimum application size for ZCZP issuance should be reduced to Rs 5,000 or to a much smaller amount of Rs 1,000 so as to enable more retail participation in ZCZP issuances by NPO on SSE. At present, the minimum application size is Rs 10,000. Sebi has been taking measures to widen the participation of subscribers at the SSE. In November 2023, the regulator reduced the issue size of ZCZP from Rs 1 crore to Rs 50 lakh. It also cut the minimum application size for donors to Rs 10,0