Market cap of India’s top 10 firms down ₹2.99L crore

**Market Cap of India’s Top 10 Firms Drops by ₹2.99 Lakh Crore**
*By Dwaipayan Roy | Sep 28, 2025, 03:12 PM*

The combined market capitalization of India’s top 10 most valued companies suffered a massive setback last week, plummeting by ₹2.99 lakh crore. This sharp decline mirrored a broader bearish trend across the equity markets, with IT giant Tata Consultancy Services (TCS) bearing the brunt of the losses.

The BSE benchmark index also declined significantly during this period, dropping by 2,199.77 points, or 2.66%.

### Major Valuation Drops Among Top Firms

TCS witnessed the largest fall in market capitalization, declining by ₹97,597.91 crore to stand at ₹10,49,281.56 crore. Reliance Industries followed with a drop of ₹40,462.09 crore, bringing its valuation down to ₹18,64,436.42 crore. Infosys also saw its market cap shrink by ₹38,095.78 crore, now valued at ₹6,01,805.25 crore.

### Banking Sector Hit Hard

The banking sector was not spared, as both HDFC Bank and ICICI Bank experienced significant losses. HDFC Bank’s market cap plunged by ₹33,032.97 crore to ₹14,51,783.29 crore. ICICI Bank’s valuation also dipped by ₹29,646.78 crore, settling at ₹9,72,007.68 crore.

### Additional Declines Across Key Companies

Bharti Airtel’s valuation fell by ₹26,030.11 crore, while the Life Insurance Corporation of India (LIC) saw its market cap reduce by ₹13,693.62 crore to ₹5,51,919.30 crore.

Hindustan Unilever’s market capitalization dropped by ₹11,278.04 crore, reaching ₹5,89,947.12 crore. Bajaj Finance’s valuation declined by ₹4,977.99 crore, from ₹6,12,914.73 crore previously. Finally, the State Bank of India (SBI) experienced a dip of ₹4,846.07 crore, bringing its market cap to ₹7,91,063.93 crore as of the latest data.

Overall, the significant fall in valuations among India’s leading firms highlights the ongoing challenges in the equity markets and reflects investor caution amid prevailing economic conditions.
https://www.newsbytesapp.com/news/business/a-look-at-market-cap-of-india-s-top-10-companies/story

Laura Loomer slams Jewish politicians for observing Rosh Hashanah during UNGA

Laura Loomer Slams Jewish Politicians for Observing Rosh Hashanah During UNGA

Laura Loomer criticized Jewish politicians for taking time off to observe Rosh Hashanah during the United Nations General Assembly (UNGA). According to Loomer, “If you really care about something, you have to push your time off aside and you need to work.”

Loomer made these remarks while attending the event ahead of Donald Trump’s debate with Democratic presidential nominee Joe Biden and Kamala Harris in Philadelphia, Pennsylvania, on September 10, 2024.

Photo credit: Eduardo Munoz/Reuters

https://www.jpost.com/diaspora/article-868841

Market cap of India’s top 10 firms down ₹2.99L crore

**Market Cap of India’s Top 10 Firms Down by ₹2.99 Lakh Crore**

*By Dwaipayan Roy | Sep 28, 2025, 03:12 PM*

The combined market capitalization of India’s top 10 most valued companies took a significant hit last week, plunging by ₹2.99 lakh crore. This decline was largely in line with the bearish trend observed across equities, with IT giant Tata Consultancy Services (TCS) leading the downward momentum.

During the same period, the BSE benchmark index also experienced a sharp fall, losing 2,199.77 points or 2.66%.

**Valuation Declines Among Industry Leaders**

TCS faced the steepest loss with its market capitalization falling by ₹97,597.91 crore, bringing its valuation down to ₹10,49,281.56 crore. Reliance Industries followed with a decline of ₹40,462.09 crore, settling at ₹18,64,436.42 crore.

Infosys was not spared either, witnessing a drop of ₹38,095.78 crore from its previous market cap of ₹6,01,805.25 crore.

**Banking Sector Impact**

The banking sector also saw considerable losses. HDFC Bank’s market cap tumbled by ₹33,032.97 crore to ₹14,51,783.29 crore, while ICICI Bank’s valuation decreased by ₹29,646.78 crore, now standing at ₹9,72,007.68 crore.

**Other Notable Losses**

Bharti Airtel’s market capitalization fell by ₹26,030.11 crore, and Life Insurance Corporation of India (LIC) saw a decrease of ₹13,693.62 crore, bringing its market cap down to ₹5,51,919.30 crore.

Hindustan Unilever’s valuation dropped by ₹11,278.04 crore to ₹5,89,947.12 crore. Bajaj Finance also experienced a decline of ₹4,977.99 crore from its previous ₹6,12,914.73 crore.

Finally, the State Bank of India’s (SBI) market capitalization dipped by ₹4,846.07 crore to ₹7,91,063.93 crore.

Overall, the corrections across these top companies reflect the cautious sentiment prevalent in the markets during this period.
https://www.newsbytesapp.com/news/business/a-look-at-market-cap-of-india-s-top-10-companies/story

1,869% rally in 5 years! Do you own this stock?

**1,869% Rally in 5 Years! Do You Own This Stock?**
*By Dwaipayan Roy | Sep 28, 2025, 04:49 PM*

**What’s the Story?**

Cupid Limited has delivered stellar returns of over 244% in just six months and an astounding 1,869% over five years, making it a stock to watch in the upcoming trading session on Monday. The company’s Chairman and Managing Director, Aditya Kumar Halwasiya, recently announced that the second quarter of FY26 is set to be the best quarter in Cupid’s history.

This optimistic outlook is driven by new product launches, accelerating momentum in the FMCG vertical, and a strong pipeline of institutional orders.

**Financial Growth**

Cupid Limited reported a total income of ₹203.18 crore during the financial year, with a net profit of ₹40.89 crore. A significant contributor to this success is the rapid growth in the company’s B2C FMCG segment, which generated over ₹50 crore in revenue within just one year.

This growth was made possible by a vast distribution network spanning 1.2 lakh retail outlets across India, enabling strong consumer connect and significant expansion of market presence.

**Strategic Shift**

Chairman Halwasiya emphasized Cupid’s transformation from a traditional contraceptive company to a consumer wellness and health-tech leader. He highlighted the company’s focus on sustainable growth, global expansion, and innovation.

Cupid Limited aims to make personal care and preventive healthcare accessible to all, aligning its future strategy with evolving market demands and expanding consumer needs.

Stay tuned as Cupid Limited continues its remarkable journey, positioning itself as a key player in the consumer wellness and health-tech domains.
https://www.newsbytesapp.com/news/business/cupid-limited-to-report-best-ever-quarter-stock-up-244/story

Forty-seven Democrats sign letter calling for US to recognize a Palestinian state

**Forty-Seven Democrats Call on U.S. to Recognize Palestinian State**

A group of 47 Democratic lawmakers, led by Representative Ro Khanna (D-CA), has signed a letter urging President Trump and Senator Marco Rubio to support the recognition of a Palestinian state. This move highlights growing calls within the Democratic Party to advance Palestinian statehood as part of efforts to achieve a lasting peace in the region.

In addition to this letter, some lawmakers have proposed an alternative approach involving an Arab League-led peace deal, emphasizing the need for broader regional cooperation.

Representative Ro Khanna was recently seen walking ahead of a vote in the U.S. House of Representatives on a stopgap spending bill aimed at averting a partial government shutdown scheduled to begin on October 1. The vote took place on Capitol Hill in Washington, D.C., on September 19, 2025.

*Photo Credit: Reuters/Kent Nishimura*

By MICHAEL STARR
https://www.jpost.com/diaspora/article-868836

Leila Barros fulfills loyal PH fans’ ‘childhood dreams’

MANILA, Philippines — Two decades later, many Filipino volleyball fans still consider Leila Barros as their volleyball queen.

The Brazilian superstar’s loyal supporters got to meet their idol again 21 years since her last stint in Manila during the 2004 FIVB World Grand Prix.

READ: Leila Barros tells PH volleyball fans: Cheer, trust your team

https://sports.inquirer.net/642165/leila-barros-fulfills-loyal-ph-fans-childhood-dreams

China ‘nanoseconds behind’ US in chip technology: Jensen Huang

**China ‘Nanoseconds Behind’ US in Chip Technology, Says NVIDIA CEO Jensen Huang**

*By Dwaipayan Roy | Sep 28, 2025*

Jensen Huang, CEO and founder of US-based chipmaker NVIDIA, recently stated that China is “nanoseconds behind” the United States in chip technology. He shared these insights during a podcast hosted by tech investors Brad Gerstner and Bill Gurley, highlighting both the rapid progress China has made and its strong manufacturing capabilities.

### Global Competition and Market Dynamics

Huang emphasized the importance of allowing US companies like NVIDIA to compete within the Chinese market. He argued that such competition would benefit both Beijing and Washington by spreading technology globally and enhancing America’s economic success and geopolitical influence.

China’s vast talent pool, strong work ethic, and healthy internal competition among its provinces contribute to its impressive advancements in chip technology, according to Huang.

### Investment Prospects in China

The NVIDIA CEO expressed hope that China remains open to foreign investment. He noted that Beijing has committed to maintaining an “open market,” and stressed that allowing foreign companies to invest and compete in China serves the country’s best interests by fostering vibrant competition.

### Market Challenges for NVIDIA

NVIDIA’s graphics processing units (GPUs) form the backbone of artificial intelligence (AI) model training and operation, driving the company’s market capitalization to record levels. However, geopolitical tensions have disrupted sales to China, one of the world’s largest markets.

Earlier this year, the US government abruptly banned exports of the H20 chip—a downgraded version designed to comply with restrictions—but later eased this ban after a 15% levy was agreed upon with the US authorities.

Jensen Huang’s remarks underscore the intricate balance between competition, cooperation, and geopolitical considerations shaping the future of chip technology in the global arena.
https://www.newsbytesapp.com/news/science/here-s-what-jensen-huang-thinks-about-china-s-chip-industry/story

In the picture

**The Lost Bus (2023) Review**

*Starring:* Matthew McConaughey, America Ferrera, Kay McCabe McConaughey, Levi McConaughey, Ashlie Atkinson, Yul Vazquez
*Directed by:* Paul Greengrass

There are very few filmmakers as skilled at making gripping docudramas as Paul Greengrass. Beyond the action-heavy *Bourne* sequels, Greengrass has consistently leaned into portraying real-life events with a dramatic touch. His most celebrated work, *Captain Phillips*, is a tense thriller recounting the 2009 Maersk Alabama hijacking, where Captain Richard Phillips was kidnapped by Somali pirates. While the subject matter is weighty, the film is also immensely entertaining.

Greengrass’s other films depicting real-life tragedies—such as *Bloody Sunday*, *United 93*, and *22 July*—are highly effective but often feel almost too excruciating to watch due to their heavy emotional weight.

His latest film, *The Lost Bus*, based on Lizzie Johnson’s non-fiction book *Paradise: One Town’s Struggle to Survive an American Wildfire*, teams him once again with Oscar-winner Matthew McConaughey and America Ferrera. The movie tells a harrowing but ultimately heroic true story that took place during the 2018 Camp Fire in Northern California, the deadliest wildfire in the state’s history.

Though as intense as many of Greengrass’s other films, *The Lost Bus* stands out as his most hopeful movie to date. Instead of focusing on humanity’s darkest moments, Greengrass highlights some of the best.

Much like in his previous works, Greengrass narrows the focus to a particular point of view. *The Lost Bus* centers on Kevin McKay (McConaughey), a single father and high school dropout living in the small mountain town of Paradise, California. Kevin struggles to care for his ailing mother, Sherry (Kay McCabe McConaughey), while maintaining a tumultuous relationship with his teenage son Shaun (Levi McConaughey).

To provide for his family, Kevin works as a school bus driver but frequently clashes with his supervisor, Ruby (Ashlie Atkinson), who consistently fails to give him enough shifts. On one particularly rough day—hours after having to put his beloved dog down—Kevin receives a distress call that 23 school children and their teacher, Mary Ludwick (America Ferrera), have been stranded amid a rapidly spreading wildfire.

As Kevin embarks on a treacherous rescue mission, he also receives a call from Sherry: Shaun has suddenly fallen seriously ill and is demanding to return home to his mom. The tension escalates as Kevin, Mary, and the schoolchildren navigate through the wildfire in an intense, albeit occasionally hollow, survival story that is at its best when building suspense.

Paul Greengrass excels at depicting the real stakes without the movie ever feeling superfluous or sanitized. By incorporating real-life footage, viewers get a genuine sense of the danger Kevin and Mary face. However, whenever the film shifts away from the chaos and focuses on those outside the fire, the story loses some of its grip.

Kevin and Mary have enough depth to make them compelling characters, but other figures, like Ruby, Fire Chief Ray Martinez (Yul Vazquez), and the worried parents, feel underdeveloped.

While *The Lost Bus* may not immerse the audience as deeply as films like *Captain Phillips* or *United 93*, it constantly keeps viewers at the edge of their seats—especially fitting for this streaming release.

Speaking of streaming, one of the biggest drawbacks for *The Lost Bus* is its direct-to-Apple TV+ release rather than a full theatrical run. Though Greengrass has previously worked with streamers (*22 July* on Netflix), this film heavily relies on its visuals, and its intensity resonates best in a theater or on a high-quality TV setup.

Despite some of the film’s predictable conventions, McConaughey and Ferrera’s performances elevate the material. McConaughey feels wholly believable as Kevin—neither a saint nor caricatured Texan—and delivers a grounded, understated performance. Ferrera, continuing her post-*Barbie* winning streak, brings humanity and presence to her role as Mary, making her memorable even when the script doesn’t provide her as much depth as Kevin’s character.

*The Lost Bus* is somewhat more hopeful and uplifting compared to Greengrass’s other films but still plays to his strengths—sometimes to a fault. At just over two hours, certain scenes, including a subplot involving the Fire Marshal, feel like they could be trimmed. While the film establishes the severity of the situation, it also tries to show every angle, leading to underdeveloped side characters and narrative threads.

Brad Ingelsby’s screenplay is strong, but the emotional beats occasionally miss their mark. The fiery set pieces are spectacular, yet when only one of the 23 children on the bus is fleshed out, it raises the question: do we really care about the others? The movie seems more focused on dialogue regarding the fire’s cause and delivering a well-intentioned environmental message—a crucial theme, no doubt—but one that becomes somewhat repetitive.

**Conclusion**

*The Lost Bus* is a gripping, intense survival drama grounded in real events, bolstered by solid performances from McConaughey and Ferrera and Paul Greengrass’s signature directing style. While it may lack some narrative depth and would benefit from a theatrical viewing experience, the film offers an urgent, hopeful story about heroism and resilience in the face of disaster.

*Courtesy: Collider.com*
https://www.thenews.com.pk/tns/detail/1346806-in-the-picture

Crime that unsettles

Netflix has released the second chapter of its *Monsters* anthology, *The Lyle and Erik Menendez Story*, a dramatization that revisits a case that has remained part of American popular culture for more than three decades. The series focuses on the 1989 murders of Jose and Kitty Menendez by their two sons, Lyle and Erik, and the subsequent trials that became a national spectacle.

The production raises uncomfortable questions about privilege, secrecy, and abuse, concentrating not only on the violence itself but also on the social environment that shaped the brothers. Across nine episodes, the story unfolds in a strictly chronological order. It uses alternating perspectives, shifting between the courtroom, the family home, and the media frenzy that surrounded the brothers. This approach keeps the narrative tense while reflecting the fragmented way the public encountered the case during the early 1990s.

By doing so, viewers are constantly reminded that the truth is both layered and contested, heightening the unease that defines the series from start to finish.

At the center of the production are the performances of Nicholas Alexander Chavez as Lyle Menendez and Cooper Koch as Erik Menendez. Chavez captures the intensity and defiance of the elder brother, while Koch conveys the fragility and self-doubt of the younger sibling. Together, they create a portrait of two young men deeply tied to one another yet burdened with conflicting emotions about their parents and themselves. The bond between the brothers—carrying both tenderness and despair—feels authentic, making the story resonate on a deeply human level.

What sets this production apart from other true crime dramatizations is its refusal to offer clear answers. The series does not suggest whether the brothers should be viewed as cold-blooded killers or victims of long-term abuse. Instead, it presents evidence, perspectives, and memories, leaving viewers to wrestle with the contradictions. This openness invites a more thoughtful engagement, acknowledging the complexity of the case rather than simplifying it.

Javier Bardem delivers a commanding performance as Jose Menendez, portraying him as a man driven by ambition and a desire for control. His presence dominates the household scenes, embodying both the promise of success and the fear it instilled in his children. Chloe Sevigny plays Kitty Menendez with a mix of vulnerability and volatility, suggesting a woman caught between dependence and resentment.

Their portrayals ensure that the parents are seen not merely as victims but as flawed individuals with their own contradictions. This nuance prevents the narrative from descending into moral simplicity.

The dialogue throughout the series is precise and effective. Courtroom exchanges are brisk yet intense, while domestic scenes often rely on silences and hesitations that carry as much weight as spoken words. This balance allows viewers to experience both the noise of public spectacle and the quiet pain of private life, building tension through subtlety rather than melodrama. The resulting atmosphere is deeply unsettling and compelling.

One of the show’s most challenging aspects is its depiction of abuse. The series neither sensationalizes nor obscures it. By presenting detailed accounts, the show forces viewers to confront the disturbing claims that shaped the brothers’ defense. Whether or not these accounts are accurate matters less than the impact they have on the viewer. The series effectively conveys how trauma can remain hidden in families that outwardly appear secure and successful. This thematic choice makes the series difficult to watch but also contributes to its lasting impression.

The supporting cast enriches the production further. Ari Graynor as defense attorney Leslie Abramson demonstrates both empathy and strategic determination, while Nathan Lane as journalist Dominick Dunne highlights the media’s role in shaping public perception of the case. Their performances add important dimensions, reminding viewers that the Menendez story was never just about the family but became part of a larger conversation about wealth, justice, and the spectacle of televised trials.

As a viewing experience, *The Lyle and Erik Menendez Story* is demanding. It is not casual entertainment—it requires attention, patience, and a willingness to endure disturbing material. However, it rewards that effort with a portrayal that is both emotionally powerful and intellectually engaging.

Combining strong performances with thoughtful storytelling, the series unsettles rather than comforts and questions rather than simplifies. It succeeds precisely because it avoids sensational shortcuts, presenting a disturbing family tragedy with honesty and care. The show creates a complex picture rather than a caricature.

For viewers prepared to sit with discomfort, *The Lyle and Erik Menendez Story* offers an absorbing portrayal of one of the most notorious cases in American criminal history and serves as a reminder that beneath the public spectacle often lies private pain.
https://www.thenews.com.pk/tns/detail/1346827-crime-that-unsettles-in-1989-two-brothers

Bagram back in play

If Afghanistan doesn’t return Bagram Airbase to those who built it—the United States of America—bad things are going to happen, warned former US President Donald Trump.

Bagram Airbase, the largest US military site in Afghanistan, has been described as the “original sin” of the evacuation in *Left Behind*, the US Senate Committee on Foreign Relations minority report released in February 2022. President Trump recently reiterated his intention to regain control of Bagram during his state visit to the UK. However, this isn’t the first time he has brought up the issue.

When the US withdrew from Afghanistan in 2021, many Republicans criticized the Biden administration for not retaining Bagram Airbase. They argued that the US could have at least kept control of this crucial facility. From this standpoint, Trump’s focus on Bagram makes sense, as it addresses a grievance among his supporters regarding the previous administration’s handling of the US exit, explains Dr. Paul Poast, Deputy Dean of Doctoral Education, Social Science Division, and Associate Professor in the Department of Political Science at the University of Chicago.

Trump has claimed that the US effectively “gave the Taliban Bagram for nothing.” It is important to recall, however, that the decision to withdraw US forces was based on an agreement struck in 2020 during Trump’s first term, with the withdrawal itself completed under President Joe Biden in 2021.

According to *Left Behind*, Secretary of Defense Lloyd Austin defended the decision to vacate Bagram during testimony before the House Armed Services Committee. Austin argued that maintaining the airbase would have required putting as many as 5,000 US troops in harm’s way just to operate and defend the facility.

In March, speaking to the BBC, Trump shared that his desire to retain Bagram Airbase was not primarily about Afghanistan, but about countering China. During a press conference on his UK state visit alongside British Premier Keir Starmer, Trump emphasized the strategic importance of Bagram, saying, “It’s an hour away from where China makes its nuclear weapons.”

What Trump referred to is most likely China’s Lop Nur nuclear testing site located in the desert of the Xinjiang Uyghur Autonomous Region. Under the Doha Agreement, however, the United States pledged not to use or threaten force against the territorial integrity or political independence of Afghanistan, nor interfere in its internal affairs.

Professor Poast notes that having access to the Bagram Airbase could be quite useful for the US. It would enhance American capabilities to conduct operations in or near China—as Trump himself indicated—and Iran. This suggests that Trump might have recognized the broader value of maintaining a strong US global military presence.

A BBC Verify investigation conducted in July found that the nuclear testing facility lies roughly 2,000 km away in northwestern China. After reviewing 30 satellite images from late 2020 through 2025, the investigation found minimal activity at the base since the Taliban’s return and uncovered no evidence of any Chinese military presence there.

Zabihullah Mujahid, the chief Taliban spokesman, addressed the issue on X (formerly Twitter), urging Washington to pursue realism and rationality rather than repeating past mistakes. He reaffirmed that the Islamic Emirate prioritizes Afghanistan’s independence and territorial integrity in all bilateral negotiations with the United States.

Mujahid emphasized that, under the Doha Agreement, the US pledged not to use force against Afghanistan’s sovereignty or interfere in its internal affairs. Therefore, the Taliban expects Washington to remain faithful to these commitments and adopt a policy grounded in realism and rationality instead of repeating failed approaches.

The regional implications of any attempt by the US to re-establish its presence at Bagram could be significant. Neighboring countries should be cautious of the potential consequences. Pakistan, which has recently risen in prominence and walks a fine geopolitical balance between the US and China, must be particularly wary of an American base in the region.

Furthermore, Pakistan and Saudi Arabia are now bound by a landmark Strategic Mutual Defence Agreement, which treats an attack on either country as an attack on both. The world is watching closely, and some Arab nations may enter into similar mutual defense deals.

The re-establishment of a US presence at Bagram Airbase could force Pakistan into a perilous geopolitical tightrope, caught between its alliances and regional security concerns. The situation remains complex, and the international community awaits developments with keen interest.
https://www.thenews.com.pk/tns/detail/1346842-bagram-back-in-play

Exit mobile version