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