Category: business

Shane van Gisbergen “over the moon” after milestone finish at Kansas

Shane van Gisbergen bagged a P10 this past weekend at Kansas Speedway, marking his maiden top-10 finish at a NASCAR oval. The Cup Series rookie won multiple races throughout the regular season, but notably, none of them were on ovals.

Van Gisbergen had to battle several issues during the 301-lap event, including a stop-and-go penalty and his crew chief, Stephen Dorian, getting ejected due to unapproved adjustments on his No. 88 Camaro. Despite these setbacks, the Trackhouse Racing driver managed to secure a career-best run and felt stoked about the achievement.

During a post-race interview with NBC Sports, van Gisbergen—most commonly known as SVG—said:
“It was really cool to get a top-10 finish at Kansas Speedway. I feel like we’re getting better and better at these tracks. It was difficult starting a lap down and having that penalty, but (interim crew chief) Chais Eliason did a great job. We had really good speed at points of the race, so I’m stoked to get a top-10. I’m over the moon with that.”

Previously, Shane van Gisbergen had earned a personal-best finish of 12th at Martinsville Fall 2024 on an oval and 14th at Charlotte Spring 2025 on an intermediate track. He made the playoffs through his regular-season triumphs but failed to advance beyond the Round of 16.

Currently sitting 14th in points with four top-five finishes and six top-10s, the former Supercars champion can still contend for his fifth NASCAR win of the season.

Next up for the Auckland native is the Bank of ROVAL 400 at Charlotte Motor Speedway road course. Scheduled for Sunday, October 5, the 109-lap event will stream live on USA Network, with exclusive radio coverage on PRN and SiriusXM NASCAR Radio, Channel 90.

—

### Following a Rookie Season Playoff Appearance, Shane van Gisbergen Bags Multi-Year Contract Extension with Trackhouse Racing

Shane van Gisbergen was ushered into NASCAR’s premier series with a victory at Chicago back in 2023. After a stellar season in the Xfinity Series with Kaulig Racing, van Gisbergen made the NASCAR Cup Series in 2025, quickly establishing himself as one of the strongest road racers on the grid.

After making the playoffs in his maiden Cup season, van Gisbergen landed a multi-year contract extension with Trackhouse Racing, a three-car team with whom he made his Cup debut.

“We are getting to watch one of the superstars of racing,” Trackhouse Racing owner Justin Marks said of Shane van Gisbergen. “What we are asking him to do carries a high degree of difficulty. He’s moved to the other side of the world, learned a new form of racing, and at times dominated the competition. He’s one of the greatest.”

Before joining NASCAR, Shane van Gisbergen drove full-time in the Supercars Championship for Triple Eight Race Engineering. He won the drivers’ championship three times—in 2016, 2021, and 2022. Van Gisbergen also triumphed at the prestigious Bathurst 1000 three times, in 2020, 2022, and 2023.
https://www.sportskeeda.com/nascar/news-shane-van-gisbergen-over-moon-milestone-finish-kansas

Maharashyra DyCM Eknath Shinde Hails GST Slab Cuts As Boost To Sales, Jobs And Atmanirbhar Bharat

The Modi government’s recent reductions in Goods and Services Tax (GST) slabs are poised to bring substantial benefits to the Indian economy, including increased revenue, higher sales, and accelerated job creation. Maharashtra Deputy Chief Minister Eknath Shinde highlighted these advantages during the GST Savings Festival event held in Mumbai’s Kalbadevi area.

**A Significant Step Towards Atmanirbhar Bharat**

Speaking at the event, Shinde emphasized that the GST reforms mark a significant stride towards realizing Prime Minister Narendra Modi’s vision of Atmanirbhar Bharat (Self-Reliant India). These reforms also align with the goal of fostering a Swadeshi (indigenous) economy, strengthening domestic industries and reducing dependence on imports.

**Simplified GST Structure**

Effective from September 22, 2025, coinciding with the festive occasion of Navratri, the GST reforms simplify the tax regime by consolidating most rates into just two slabs: 5% and 18%. The previous 12% and 28% categories have been removed for a majority of goods.

This overhaul impacts around 375 items, making everyday essentials such as soaps, toothpaste, Indian breads, electronics, automobiles, and even medicines more affordable for consumers. Additionally, the changes reduce compliance burdens for businesses.

A notable highlight of the reforms is the complete waiver of GST on medicines. Taxes on gyms, salons, yoga services, and man-made fibres have also been slashed from 18% to 5%, enhancing competitiveness in the textiles sector and boosting exports.

**Direct Impact on Consumers and Businesses**

During the GST Savings Festival, Shinde engaged with local traders in Kalbadevi, Mumbai’s bustling commercial hub, explaining the benefits of the GST rate cuts. He urged traders to pass on these savings to customers, emphasizing that reduced taxes will spur production, increase sales, and create employment opportunities.

“When taxes decrease, sales rise, production increases, and job creation gets a fillip. With GST on medicines fully removed and overall rates lowered, revenue will grow, giving momentum to the national economy,” Shinde told reporters.

**Driving Self-Reliance and Strengthening Defense**

Shinde linked these reforms to broader national objectives, particularly in reducing reliance on foreign equipment in the defense sector. “Domestic production of missiles and defense materials will become easier, marking a giant leap towards self-reliance,” he added.

He also praised GST’s role in elevating India’s global economic standing. Highlighting that India has advanced from the world’s 11th to 4th largest economy, Shinde expressed confidence in achieving third place soon and realizing a developed India by 2047.

**Engagement with Traders in Kalbadevi**

The event provided an opportunity for Shinde to interact with members of the historic Hindustan Chamber of Commerce, one of Kalbadevi’s oldest trader bodies. He reassured traders of the Maharashtra state government’s support in addressing any challenges related to GST implementation.

“If there are any issues with GST enforcement, the Maharashtra government will certainly address them,” Shinde affirmed.

**Notable Dignitaries in Attendance**

Prominent attendees included Member of Parliament Milind Deora, Shiv Sena’s Sushibai Shah, Hindustan Chamber of Commerce President Sushil Gadia, Ramkishor Dark, Mahendra Jain, Amrit Khevasara, Anurag Poddar, former MLA Raj Purohit, Shiv Sena’s Rajaram Deshmukh, and several local traders.

—

These GST reforms pave the way for a more streamlined tax system, consumer-friendly pricing, and a robust economy aligned with the country’s vision for self-reliance and sustainable growth.
https://www.freepressjournal.in/mumbai/maharashyra-dycm-eknath-shinde-hails-gst-slab-cuts-as-boost-to-sales-jobs-and-atmanirbhar-bharat

Vodafone Idea files amended petition in SC seeking AGR relief

**Vodafone Idea Files Amended Petition in Supreme Court Seeking AGR Relief**
*By Mudit Dube | Sep 29, 2025, 04:36 PM*

Vodafone Idea (Vi) has filed an amended petition in the Supreme Court, seeking a waiver of interest and penalty on its adjusted gross revenue (AGR) dues. The company has also requested a recalculation of its AGR liabilities, citing previous cases where similar demands were accepted.

This latest petition marks a change from Vi’s earlier plea, which focused solely on recalculating AGR liabilities without addressing interest and penalties.

### Hearing Postponed to October 6

Last week, the Supreme Court adjourned the hearing on Vi’s plea to October 6. During the proceedings, the Centre expressed that it does not oppose Vi’s petition but emphasized the need for a solution, noting that the government itself is an equity holder in the company.

The hearing relates to the Department of Telecom’s (DoT) demand of ₹5,606 crore for the financial year 2016-17 against Vodafone Idea.

### Legal Arguments and Additional Relief Sought

In its amended petition, Vi contended that the dues in question were already “crystallized” by the 2019 AGR judgment and thus should not be reopened. Solicitor General Tushar Mehta, representing the Centre, requested the adjournment to October 6.

Vodafone Idea cited earlier court judgments where waivers on interest and penalties had been granted. The company has now asked for additional relief, seeking that interest, penalty, and interest on penalties on principal AGR dues not be payable.

### Background: The AGR Case and Its Significance

The case originates from the Supreme Court’s March 18, 2020 order, which upheld AGR dues up to FY17 as calculated by the DoT, barring any reassessment by telecom operators. Despite this ruling, the DoT has raised fresh claims for FY18 and FY19.

Vi argues that much of the new demand overlaps with periods already settled by the apex court.

### Government’s Equity Stake in Vodafone Idea

As part of a financial restructuring, the Central government now holds a 48.99% stake in Vodafone Idea, having converted ₹53,083 crore of dues into equity.

Of the fresh demand totaling ₹9,450 crore, ₹2,774 crore pertains to the Idea Group and Vodafone Idea (post-merger), while ₹6,675 crore relates to the Vodafone Group for the pre-merger period.

### Outstanding AGR Dues and Liabilities

Vodafone Idea already owes ₹83,400 crore in AGR dues, with annual installments of ₹18,000 crore set to begin from March. Including penalties and interest, the company’s total liabilities to the government are estimated at around ₹2 lakh crore.

—

*This ongoing AGR dispute remains critical, given its large financial implications for Vodafone Idea and the telecom sector at large.*
https://www.newsbytesapp.com/news/business/vodafone-idea-files-amended-petition-for-agr-relief-in-sc/story

Tata Motors shares jump as JLR bags $2B government loan

**Tata Motors Shares Surge as Jaguar Land Rover Secures $2 Billion Government-Backed Loan**

*By Mudit Dube | September 29, 2025, 10:55 AM*

Tata Motors witnessed a notable rise in its share price today following the announcement that its subsidiary, Jaguar Land Rover (JLR), has secured a $2 billion (1.5 billion GBP) loan. This privately financed loan is guaranteed by the UK’s export credit agency, UK Export Finance.

**Purpose of the Loan**

The financial assistance aims to alleviate the pressure on JLR’s suppliers and support a phased restart of the company’s operations. This move comes in the wake of a cyberattack in August that severely disrupted JLR’s production and IT networks, leading to a complete operational shutdown.

**Operational Impact of the Cyberattack**

Due to the cyberattack, JLR has been forced to halt production longer than initially expected, with shutdowns extending into the coming month. Reports from the Financial Times indicate that JLR could face losses totaling approximately $2 billion, as the company was not insured against such cyber incidents. This significant financial hit threatens to erase JLR’s entire profit for the fiscal year 2025.

Despite these challenges, news of the phased resumption of operations has positively impacted Tata Motors’ stock value, with shares rising by 1.45% to 673.95 per share on Friday.

**Financial Strategy and Government Support**

The UK government has confirmed that JLR will repay the £1.5 billion loan over a five-year period. The funds were arranged through a commercial bank and are secured by UK Export Finance. This strategic financial support forms part of broader efforts to assist JLR’s suppliers, many of whom have faced operational disruptions and delayed payments due to the cyberattack.

The government-backed loan and the gradual reopening of JLR’s operations are critical steps toward stabilizing the firm and mitigating the fallout from one of the most challenging incidents in its recent history.
https://www.newsbytesapp.com/news/business/tata-motors-shares-jump-as-jlr-secures-2b-government-loan/story

Foreign investors withdraw $244M, triggering second wave of outflows

**Foreign Investors Withdraw $244M, Triggering Second Wave of Outflows**

*By Akash Pandey | Sep 29, 2025 11:06 AM*

Foreign investors have pulled out a staggering $244 million from India-focused funds this week, according to a recent report by Elara Capital. This marks the second major wave of redemptions since July, contributing to a total outflow of $2.3 billion. Notably, this is the largest withdrawal since the significant $4.4 billion rout that occurred between October 2023 and March 2024.

**Impact on Funds**

Large-cap funds have been hit the hardest during this selloff, with withdrawals totaling $2 billion in this phase alone. In contrast, mid- and small-cap funds have largely been spared, experiencing redemptions of roughly $20 million each.

Geographically, US-based funds led the withdrawals with $1 billion pulled out, followed by Luxembourg-based investors at $765 million and Japan at $365 million.

**Shifting Global Market Preferences**

The outflows are driven by a notable shift in global emerging market (GEM) portfolios. Allocation to India in GEM funds has dropped to 16.7%, marking its lowest level since November 2023 and down from a peak of 21% in September 2024. Meanwhile, China’s share has surged to 28.8%, indicating a clear pivot by active portfolio managers towards the Chinese market.

**Global Trends**

Despite sustained outflows from India, US equity funds attracted $10.5 billion this week. However, the pace of inflows has slowed since the Trump administration’s tariff announcement in April. Interestingly, domestic US funds experienced redemptions totaling $2.2 billion over the same period.

Precious metal funds saw record inflows of $13.5 billion, while commodity funds extended their winning streak to five consecutive weeks — the longest since 2020. Additionally, high-yield or junk bonds continued to attract steady inflows, with net asset values climbing back to levels last seen in October 2021.

—

This recent wave of foreign investor exits underscores the evolving dynamics in global capital flows, especially within emerging markets, where shifting geopolitical and economic factors continue to influence investment decisions.
https://www.newsbytesapp.com/news/business/foreign-investors-pull-out-244m-from-india-focused-funds/story

Latin superstar Bad Bunny will headline the 2026 Super Bowl halftime show

LOS ANGELES (AP) — Bad Bunny will bring his Latin trap and reggaeton swagger to the NFL’s biggest stage next year. The Grammy winner has been announced as the headliner for the Apple Music Super Bowl halftime show in Northern California.

The NFL, Apple Music, and Roc Nation revealed on Sunday that Bad Bunny will lead the halftime festivities at Levi’s Stadium on February 8 in Santa Clara, California. The Puerto Rican superstar’s selection comes amid another career-defining run. He is fresh off a historic Puerto Rico residency this month that drew more than half a million fans and is currently the leading nominee at the Latin Grammys this November.

Bad Bunny has become one of the world’s most streamed artists, thanks in part to albums such as Un Verano Sin Ti, an all-Spanish-language LP that has received widespread acclaim. In addition to his musical achievements, Bad Bunny will host Saturday Night Live on October 4.

“What I’m feeling goes beyond myself,” Bad Bunny said in a statement. “It’s for those who came before me and ran countless yards so I could come in and score a touchdown. This is for my people, my culture, and our history. Ve y dile a tu abuela, que seremos el HALFTIME SHOW DEL SUPER BOWL.”

Roc Nation founder Jay-Z praised the artist, saying, “What Bad Bunny has done and continues to do for Puerto Rico is truly inspiring. We are honored to have him on the world’s biggest stage.”

The 31-year-old artist, born Benito Antonio Martinez Ocasio, has won three Grammys and 12 Latin Grammys. He has become a global ambassador for Latin music, starred in films such as Bullet Train, Caught Stealing, and Happy Gilmore 2, and collaborated with top fashion houses.

Bad Bunny will enter the Latin Grammys as the leading nominee with 12 nods, dethroning producer and songwriter Edgar Barrera.

Roc Nation and Emmy-winning producer Jesse Collins will serve as co-executive producers of the halftime show, with Hamish Hamilton directing. Jon Barker, Senior Vice President of Global Event Production for the NFL, said: “We know his dynamic performances, creative vision, and deep connection with fans will deliver the kind of unforgettable experience we’ve come to expect from this iconic cultural moment.”

Last year, Kendrick Lamar shined with guest SZA in New Orleans, setting the record for the most-watched Super Bowl halftime show with 133.5 million viewers. His performance surpassed the audience for Michael Jackson’s 1993 show.

Oliver Schusser, Vice President of Apple Music and Beats, commented, “His music has not only broken records but has elevated Latin music to the center of pop culture, and we are thrilled to once again partner with the NFL and Roc Nation to deliver this historic performance to millions of fans worldwide. We know this show will be unforgettable.”

https://www.mymotherlode.com/sports/nfl-general-news/10005081/latin-superstar-bad-bunny-will-headline-the-2026-super-bowl-halftime-show.html

Costly Free Agents Help Yankees And Dodgers Reach Playoffs Again

**Follow the Money: The 2025 Baseball Season Recap**

The time-tested philosophy of **“Follow the money”** perfectly bookended the 2025 baseball season. It began with a pair of record-breaking free-agent signings and ended with two of the three top-paid teams making deep playoff runs. The Los Angeles Dodgers and New York Yankees—last year’s World Series opponents—invested heavily in the open market and reaped big rewards as a result. Meanwhile, the New York Mets, another big-spending team, weren’t so fortunate.

—

### Soto’s Windfall

After a wild winter bidding war, the Mets successfully lured slugging outfielder **Juan Soto** from the Yankees with a record contract worth $765 million. The deal spans 15 years, paying Soto an average of $51 million per year, all up-front.

Not to be outdone, the crosstown Yankees redirected some of the funds earmarked for Soto to sign star starting pitcher **Max Fried** to an eight-year, $218 million contract—the largest and longest ever awarded to a left-handed pitcher.

Playing between Francisco Lindor and Pete Alonso in a potent Mets lineup, Soto delivered a career-best 43 home runs and narrowly missed joining the rare 40/40 club by finishing with a league-leading 38 stolen bases.

On the Yankees’ side, Fried stepped up as the team ace following **Gerrit Cole’s** Tommy John surgery. He dominated the mound with a career-best 19 wins—the most in the majors—and a 2.86 earned run average, propelling the Yankees into the playoffs.

—

### Payroll Powerhouses and Playoff Results

The season reaffirmed the adage that teams who pay well usually perform well. According to Roster Resource, the Dodgers topped payroll charts with a record $394 million, followed by the Mets at $339 million and the Yankees at $294 million.

Yet, dreams of the first Subway Series since 2000 were dashed when the Mets missed the playoffs on the season’s final day, despite having the best record in baseball as recently as June 12.

—

### Detroit’s Disaster and Cleveland’s Comeback

The Detroit Tigers suffered a crushing collapse after leading the American League Central by double digits as late as Labor Day. Meanwhile, the Cleveland Guardians mounted a historic comeback, clawing back from 15½ games behind Detroit on July 8 to clinch their second consecutive division title.

Both Cleveland and the Milwaukee Brewers reached the playoffs without exorbitant payrolls. The Brewers, with a $123 million payroll, won home-field advantage throughout the playoffs by posting 97 wins—the most in the majors and just shy of a .600 winning percentage. Cleveland’s $102 million payroll ranked 25th according to Roster Resource.

—

### Playoff Picture and Division Titles

Entering the final day of the 162-game season, three playoff spots remained undecided: the winners of both the AL East and Central Divisions as well as the third and final National League wild-card spot.

The AL East champion earned the top seed, securing a playoff bye starting September 30 and home-field advantage through the Championship Series. The **Toronto Blue Jays** finished with the same record as the Yankees at 94-68 but claimed the division crown by winning the season series against New York. This marked Toronto’s sixth AL East title and their first since 2015.

The other American League playoff bye went to the **Seattle Mariners**, who earned their first divisional title in 24 years. Seattle’s success was powered by switch-hitting catcher **Cal Raleigh**, who produced the seventh 60-homer season in baseball history. Mid-season trade acquisitions **Eugenio Suarez** and **Josh Naylor** also bolstered the Mariners’ roster.

—

### Home Run Highlights and MVP Contenders

Suarez, while still with Arizona, hit four home runs in a single game—a feat later matched by rookie **Nick Kurtz** of the Athletics and veteran **Kyle Schwarber** of the Phillies. Philadelphia clinched their second straight National League East crown.

Schwarber emerged as a strong candidate for NL MVP but could face stiff competition from **Shohei Ohtani**, the only two-way player in the majors. Ohtani led the majors in several categories, including on-base percentage and runs scored, while topping 50 home runs for the second consecutive season.

Other players to reach the 50-home run milestone included Cal Raleigh, Kyle Schwarber, and defending AL MVP **Aaron Judge**. Suarez finished just one home run short.

—

### The 30/30 Club and Notable Performances

The 30/30 club—the group of players with at least 30 home runs and 30 stolen bases—saw record membership this season with seven players joining the elite group. Leading the pack were Mets teammates **Francisco Lindor** and Juan Soto. Other members included **Corbin Carroll**, **Jazz Chisholm Jr.**, **Jose Ramirez**, **Pete Crow-Armstrong**, and **Julio Rodriguez**.

Red Sox-Giants slugger **Rafael Devers** combined to hit 34 home runs after playing 163 games—the only player to exceed the regular schedule since **Justin Morneau** in 2008.

—

### Pitching Stars and Rookies

Though no no-hitters were recorded in 2025, several pitchers shined. Detroit’s **Tarik Skubal**, the defending American League Cy Young Award winner, made a strong bid to retain his title. Pittsburgh’s **Paul Skenes** was the overwhelming favorite for the National League Cy Young Award.

Rookies who reached stardom included **Nick Kurtz**, who hit 35 home runs for the Athletics after his April 23 promotion, and catcher **Drake Baldwin**, who took over for the Braves during Sean Murphy’s struggles and injuries.

—

### Strange Ending to the All-Star Game

For the first time in history, the All-Star Game concluded without a winning pitcher. The game ended in a 6-6 tie after nine innings. The winner was decided with an in-game Home Run Derby, won by Kyle Schwarber, representing the National League.

The regular Home Run Derby, held the previous night, was won by Cal Raleigh, offering a compelling preview of the season ahead.

—

### Minor League Parks and Team Future Concerns

Two teams played their home games in minor-league ballparks this season: the Tampa Bay Rays at **George M. Steinbrenner Field**—borrowed from the Yankees—and the Oakland Athletics at **Sutter Health Field** in West Sacramento, awaiting the completion of their new stadium in Las Vegas.

Tampa Bay’s future remains uncertain after new ownership took over. The costly restoration of the Tropicana Field roof, damaged by Hurricane Milton, is in jeopardy even on a temporary basis. Without a stable home park, discussions about expanding Major League Baseball to 32 teams have been put on hold, according to Commissioner Rob Manfred.

—

### Innovations and Labor Concerns

Manfred announced that next season MLB will implement **ABS (Automated Balls and Strikes)** technology to aid umpires with home plate decisions, aiming to improve accuracy.

However, the bigger concern looming over the league is maintaining labor peace between players and owners. The current Basic Agreement expires after the 2026 season and could trigger a serious work stoppage, with financial issues at the core.

Many teams advocate for a salary cap or at least a payroll cap, an idea firmly opposed by the Players Association. In 2025, the average player salary topped $5 million for the first time, reaching $5.2 million—a 3.6% increase from roughly $4.7 million the previous year, according to The Associated Press.

—

The 2025 baseball season demonstrated once again that while money often paves the way to success, the game remains unpredictable—full of historic comebacks, rising stars, and dramatic finishes that keep fans eagerly watching year after year.
https://bitcoinethereumnews.com/finance/costly-free-agents-help-yankees-and-dodgers-reach-playoffs-again/?utm_source=rss&utm_medium=rss&utm_campaign=costly-free-agents-help-yankees-and-dodgers-reach-playoffs-again

This Bengaluru-based company wants to raise ₹1,000cr via IPO

Indo MIM to Raise ₹1,000 Crore Through Initial Public Offering (IPO)

Indo MIM has announced plans to raise ₹1,000 crore via an initial public offering (IPO) that will comprise a fresh issue of equity shares. In addition to the fresh issue, shareholders will offer an Offer for Sale (OFS) of 12.97 crore equity shares.

Details of the Offer for Sale (OFS)

The shareholders participating in the OFS include prominent investors such as Green Meadows Investments Ltd, Anuradha Koduri, John Anthony Dexheimer, and the Indian Institute of Technology Madras. This move provides an opportunity for these stakeholders to divest a portion of their holdings in the company.

Pre-IPO Placement

The company is also considering a pre-IPO placement of equity shares worth up to ₹200 crore. If this placement is successfully completed, the amount raised will be adjusted against the fresh issue size accordingly.

Utilization of Funds

Indo MIM plans to utilize ₹720 crore from the IPO proceeds for debt repayment. The remaining funds will be directed toward general corporate purposes to support the company’s growth and operational needs.

About Indo MIM

Founded in 1996, Indo MIM specializes in manufacturing precision engineering components using advanced Metal Injection Molding (MIM) technology. Besides MIM, the company employs investment casting, precision machining, ceramic injection molding, and metal 3D printing processes. Indo MIM caters to a diverse clientele across various sectors, including automotive and aerospace.

Financial Highlights and Issue Details

In the fiscal year 2025 (FY25), Indo MIM reported revenues from operations of ₹3,329 crore and a profit after tax of ₹423 crore. While the company does not have any listed peers in India, it does have a global peer, Jiangsu Gian Technology Co Ltd, which is listed on the Shenzhen Stock Exchange in China.

The IPO is being managed by a consortium of leading financial institutions. HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital, and SBI Capital Markets are appointed as the book-running lead managers for this issue.
https://www.newsbytesapp.com/news/business/indo-mim-files-1-000cr-ipo-papers/story

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

友情链接
LINE官网 | 爱思助手下载 | DBALibrary综合新闻 | 雷电模拟器电脑版 | HY4ACG综合新闻 | 搜狗输入法官网 | 有道翻译官网 | 爱思助手官网 | 移动游戏资讯 | CDSCiSoon综合新闻
Exit mobile version