EIGHT OF TOP 10 COM­PA­NIES ADD ₹53,741 CRORE IN MAR­KET CAP

Hindustan Times (Chandigarh) - - World - Press Trust of In­dia

NEW DELHI: Eight of the 10 most val­ued In­dian firms to­gether added ₹53,741.36 crore in mar­ket val­u­a­tion last week, with Re­liance In­dus­tries Ltd (RIL) and Tata Con­sul­tancy Ser­vices (TCS) be­com­ing the big­gest gain­ers.

Only ITC and HDFC from the top 10 list suf­fered losses in their mar­ket cap­i­tal­iza­tion (m-cap) for the week ended Fri­day. Oth­ers in the gain­ers list in­cluded HDFC Bank, Hin­dus­tan Unilever Ltd (HUL), In­fosys, State Bank of In­dia (SBI), Ko­tak Mahin­dra Bank Ltd and ICICI Bank.

RIL’S val­u­a­tion jumped ₹19,047.69 crore to ₹8,09,669.50 crore.

The m-cap of TCS zoomed ₹12,007.64 crore to ₹7,74,023.16 crore and that of HDFC Bank ad­vanced by ₹8,569.51 crore to ₹5,77,598.58 crore.

Ko­tak Mahin­dra Bank added ₹7,144.3 crore to ₹2,47,151.12 crore and HUL ₹4,578.23 crore to ₹3,93,403.30 crore.

The val­u­a­tion of In­fosys rose by ₹1,441.65 crore to ₹3,31,951.71 crore and that of SBI jumped ₹669.35 crore to ₹2,54,395.37 crore. ICICI Bank added ₹282.99 crore to reach ₹2,28,644.74 crore.

On the other hand, ITC’S val­u­a­tion dropped ₹6,063.49 crore to ₹3,37,901.54 crore and that of HDFC fell by ₹ 2,931.69 crore to ₹3,34,256.62 crore. MUM­BAI: More than 50 flights op­er­ated by bud­get air­line Indigo were can­celled in the past three days. In­ter­globe Avi­a­tion Ltd, which runs the largest do­mes­tic car­rier, said the dis­rup­tions were pri­mar­ily due to the hail­storm that hit north In­dia on Thurs­day. How­ever, op­er­a­tions of other air­lines were not dis­rupted as much as that of Indigo dur­ing Fe­bru­ary 8-10.

Indigo flights were dis­rupted from across ma­jor air­ports in­clud­ing New Delhi, Mum­bai, Bengaluru, Hy­der­abad, Kolkata, Goa, Pune, Guwa­hati, Chen­nai and Raipur dur­ing the week­end.

At least 27 Indigo flights were can­celled in Bengaluru on Satur­day and Sun­day due to un­availa- bil­ity of staff, said a per­son with di­rect knowl­edge of the mat­ter. Sev­eral flights were also dis­rupted in New Delhi and Mum­bai.

While seven flights were can­celled on Satur­day and Sun­day at the Chen­nai air­port, eight flights were can­celled in Hy­der­abad on Sun­day, another in­dus­try of­fi­cial said. At least three Indigo flights were can­celled or de­layed in Mum­bai on Sun­day. Three Indigo flights were can­celled from Jaipur on Satur­day and Sun­day.

Mint could not in­de­pen­dently ver­ify the ex­act num­ber of flights that were can­celled.

When con­tacted, Indigo did not com­ment on the num­ber of flights that were de­layed or can­celled across its net­work in the last few days.

“Due to a se­vere hail­storm in North In­dia on Fri­day, Fe­bru­ary 8, 2019, 11 Indigo flights were di­verted. Con­se­quently, this dis­rupted op­er­a­tions across our net­work the fol­low­ing day,” Indigo said in a state­ment.

“As part of recovering our sched­ule, po­si­tion­ing of the crew and air­craft had to be read­justed. As a re­sult, a num­ber of flights were can­celled.”

An in­dus­try of­fi­cial said re­quest­ing anonymity that pi­lot and cabin crew short­age at Indigo led to flight dis­rup­tions.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.