Six of the 10 most valued Indian companies together added Rs 65,060.30 crore in market valuation last week, with RIL and HDFC emerging as the biggest gainers. HDFC Bank, ICICI Bank, Kotak Mahindra Bank and SBI were the other winners in the top-10 list, while TCS, Hindustan Unilever Limited (HUL), Infosys and ITC suffered losses in their market capitalisation (m-cap) for the week ended Friday.The market cap of Reliance Industries Limited (RIL), the country's most valued firm, jumped Rs 17,439.74 crore to Rs 10,03,147.26 crore.HDFC's valuation zoomed Rs 15,435.51 crore to Rs 4,06,705.23 crore and that of SBI climbed Rs 11,512.75 crore to reach Rs 2,96,921.83 crore.Close The m-cap of HDFC Bank zoomed Rs 9,089.48 crore to Rs 6,91,457.21 crore and that of ICICI Bank advanced Rs 8,210.91 crore to Rs 3,47,551.97 crore. related news Nifty could see fresh leg of rally beyond its new life time high zones in the coming week Market Week Ahead: 10 key factors that will keep traders busy … [Read more...] about Six of top-10 firms add Rs 65,060 cr in m-cap; RIL, HDFC lead
No more are Salman Khan’s ventures reserved for the Eid holiday. Christmas is his new release haven. However, can his next film Dabangg 3 turn out to be a big success just like his previous Christmas release Tiger Zinda Hai?While the buzz for Dabangg 3 looks strong, only time will tell if the film will make it big at the box office. However, the film’s trailer sends out the signal that probably stardom will overpower content once again for a Salman Khan venture. That is something we saw for his last few offerings such as Bharat, Race 3 and Tubelight.Bharat and Race 3 told us that no matter who the star is, the audience will not come to the theatres if the story on the big screen is compelling. On its home turf, both Race 3 and Bharat turned out to be big disappointments with revenue of Rs 166 crore and Rs 197 crore, respectively, and with a budget of Rs 185 crore and Rs 240 crore, respectively.Close … [Read more...] about Will Dabangg 3’s run-of-the-mill content be another blip in Salman Khan’s career?
A UN climate summit in Madrid stumbled towards the finish line on Sunday after marathon talks between countries exposed deeper divides than ever over how to enact humanity's plan to avert global warming disaster. More than 36 hours after the negotiations were due to end, delegates were close to agreement on contentious issues, including how ambitious each nation is in its individual plan to fight climate change.Faced with fire-alarm warnings from science, deadly extreme weather made worse by climate change, and weekly strikes by millions of young people, negotiations in Madrid were under pressure to send a clear signal that governments were willing to double down in tackling the crisis.But observers and delegates from nations already bearing the brunt of climate-related disasters said the COP 25 in Madrid had resolutely failed to live up to its own slogan: Time for action.Close "We wanted provisions that were in the Paris agreement to remain and what we see at every COP it just seems … [Read more...] about UN climate talks stagger towards ‘mediocre’ outcome
From Hatigaon to Namghar in Guwahati, locals lit up streets with candles and earthen lamps on the evening of December 14 in the memory of 17-year-old Sam Stafford, who died in an alleged firing incident in the city two days ago.Sam was injured in the incident at Namghar street intersection on December 12. He later succumbed to bullet injuries at a hospital.A drummer, he was returning from Latasil playground, where noted singer Zubeen Garg performed in solidarity with protesters against the Citizenship Amendment Act (CAA).Close The teen's family members, friends and All Assam Students' Union (AASU) activists gathered at the intersection this evening to remember him. related news Mamata warns of strict action amid vandalism across Bengal over citizenship law 10 held from 2 boats off Mumbai coast with US dollars, drugs On one side of the bridge, candles and incense sticks were lit before portraits of Sam clipped to a 'gamocha' -- a traditional Assamese scarf.Sam, who had … [Read more...] about People light candles for Sam in Guwahati; AASU leader meets family
State Bank of India (SBI) has joined the bandwagon in declaring bad loan divergences this week.The extent of under-reporting has put the country's largest lender under notional loss as against profits that were posted for the March-ended quarter. The residual provisioning will have an impact on the October-December numbers as well.Of late, a number of state-run and private lenders disclosed bad loan divergences for the last financial year.SBI reports bad loan divergence of Rs 11,932 crore for FY19SBI on December 10 reported bad loan divergence of Rs 11,932 crore for FY19, it said in a notification to exchanges. SBI also reported divergence of Rs 12,036 crore in provisioning for the FY ending March 2019.Yes Bank fundraising: 5 reasons that likely kept marquee investors awayOn November 1, Yes Bank's Managing Director Ravneet Gill spoke about there being $3 billion worth of offers from potential investors on the table. Five weeks and two board meetings later, the private … [Read more...] about Banking wrap: SBI reports bad loan divergence for FY19, Yes Bank yet to finalise capital raising