 "RIL to sign pact with Israeli big data and smart city tech provider")
Eight of the 10 most valued Indian companies together suffered an erosion of Rs 416.6 billion in their market valuation last week, with Mukesh Ambani-led Reliance Industries (RIL) alone accounting for over Rs 150 billion.
Only HDFC and Infosys added to their market capitalisation (m-cap) in the week ended Friday.
The valuation of RIL plunged by Rs 151.80 billion to Rs 7.9 trillion, while that of Tata Consultancy Services (TCS) dipped by Rs 62.78 billion to Rs 7.899 trillion.
HDFC Bank's m-cap dropped Rs 77.78 billion to Rs 5.509 trillion. The valuation of ITC dived Rs 42.19 billion to Rs 3.75 trillion.
FMCG major
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