&w=3840&q=100)
Bharti Airtel surpasses TCS to become India's third-most-valuable company
Ram Prasad Sahu Mumbai
Listen to This Article
Bharti Airtel (Airtel) on Monday edged past Tata Consultancy Services (TCS) to become the country's third most valuable company.
At the last close, the telecom major was valued at Rs 11.45 trillion, while TCS' market capitalisation stood at Rs 11.43 trillion. Occupying the top positions were Reliance Industries and HDFC Bank with market capitalisations of Rs 19.3 trillion and Rs 15.34 trillion, respectively.
The two stocks have moved in opposite directions over the past year. While Airtel is up 30 per cent over the past year, TCS is down 26 per cent, leading to the 56 percentage point difference between
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
22 minutes ago
- Hans India
Telecom PLI sees investments worth Rs 4,305 crore, exports reach Rs 16,414 crore: Minister
New Delhi: The production-linked incentive (PLI) beneficiary companies in the telecom sector have collectively invested Rs 4,305 crore, generating sales worth Rs 85,391 crore which includes exports of Rs 16,414 crore (till May 31, 2025), according to the government. This investment has also resulted in employment for 28,067 persons, said Minister of State for Communications and Rural Development, Dr Pemmasani Chandra Sekhar, in a written reply to a question in Lok Sabha. The PLI scheme for telecom and networking products aims to boost domestic manufacturing with an outlay of Rs 12,195 crore. A total of 42 companies — 28 MSMEs and 14 non-MSMEs — have been approved as beneficiaries under the PLI scheme. Further, to enable roll out of 5G services, access spectrum in various spectrum bands for International Mobile Telecommunications (IMT) including 700 MHz, 3300 MHz and 26 GHz bands has been assigned to Telecom Service Providers (TSPs) through spectrum auctions conducted in the year 2022 and 2024. The successful bidders, who acquire spectrum through auctions, are permitted to deploy any IMT technology, including 5G. 'The Postal Department has undertaken new initiatives such as the digitisation of Post Office Savings Bank services, the transition of Postal Life Insurance to a paperless and online system, the establishment of Dak Ghar Niryat Kendras and collaboration with e-commerce entities in rural and urban areas to promote banking, insurance, and e-commerce in rural regions,' said the minister. The Department of Telecommunications (DoT) has undertaken multiple initiatives to promote innovation and domestic manufacturing in the communications sector. Under the 'Digital Communications Innovation Square (DCIS)' scheme, DoT has supported 126 projects led by start-ups and MSMEs, with a total budget outlay of Rs 108 crore, to foster the development of advanced technologies, including indigenous 5G, said the minister. The BharatNet project is being implemented in a phased manner to provide broadband connectivity to all Gram Panchayats (GPs) in the country and so far, 2,14,325 GPs have been made service ready, he added. —IANS na/
Hans India
22 minutes ago
- Hans India
46th Ganesh Utsav to champion indigenous products, unity
Hyderabad: The 46th grand Shri Ganesh Utsav in Hyderabad will be organised from 27 August to 6 September under the aegis of the Bhagyanagar Ganesh Utsav Samithi. This year, the Samithi announced the festival would focus on spreading awareness about the use of indigenous products, fostering social harmony, and promoting cultural nationalism. Samithi president G Raghav Reddy formally launched the event by performing a Ganesh worship at the Samithi's office in Baheti Bhavan, near Siddiamber Bazar. Ravinutla Shashidhar, official spokesperson for the Vishwa Hindu Parishad (VHP), highlighted that the Ganesh festival typically generates a turnover of approximately Rs 5,000 crore. He stated that efforts would be made to ensure Indian professionals benefit from this economic activity. Furthermore, under the umbrella of this festival, the Swadeshi Jagran Manch will distribute a list of indigenous and foreign products, inspiring the public to prioritise Indian-made goods. Shashidhar noted that this year's celebrations will coincide with significant anniversaries: the 150th Birth Anniversary of Sardar Vallabhbhai Patel, the 125th Birth Anniversary of Jan Sangh founder Shyamaprasad Mukherjee, and the centenary celebration of the Rashtriya Swayamsevak Sangh. Accordingly, awareness campaigns promoting unity, social harmony, and nationalism will be conducted at every Ganesh Pandal. He affirmed that despite numerous obstacles over the past 46 years, Shri Ganesh Utsav has been celebrated with grandeur and without hindrance, a tradition that will continue this year. Committee Advisor M Ramaraju expressed concern that the original purpose behind conceiving the collective celebration of Shri Ganesh Utsav four decades ago was being overlooked. He stressed the importance of educating society about Dharma Raksha (protection of righteousness), Kirtan (devotional singing), and organisational power at Shri Ganesh pandals for the entire 11-day duration. Ramaraju emphasised the necessity of ensuring that non-believers and 'traitors' do not receive any financial support from the festival, asserting that such funds could be used to attack Sanatanis.
Hans India
22 minutes ago
- Hans India
Indian stock market opens flat, IT stocks under pressure
Mumbai: The Indian stock market opened flat on Thursday as IT companies experienced selling pressure amid mixed global cues. At 9.28 am, Sensex slipped 110 points or 0.13 per cent to 82,615 and Nifty slipped 13 points or 0.05 per cent to 25,206. Sectorally, Nifty IT underperformed with a loss of 1.17 per cent. All other sectors show marginal dips to moderate gains. Bank stocks showed moderate losses up to 0.20 per cent. Midcap and smallcap stocks saw selling pressure. Nifty midcap 100 index was down 0.39 per cent at 59,148 and Nifty smallcap 100 index was down 0.07 per cent at 18,879. In the Nifty pack, Dr. Reddy's Laboratories led the gainers (3.07 per cent), followed by Tata Motors (1.51 per cent). Tata Consumer Products, Eicher Motors, JSW Steel and Tata Steel were other major gainers. Trent, Kotak Mahindra Bank, and Bajaj Finance were among losers in early trade. "Market sentiment remains cautiously optimistic amid heightened volatility and mixed global cues. Nifty 50's rebound highlights buyer strength at lower levels. A sustained move above 25,250 could potentially open the path toward the 25,330 mark. On the downside, immediate support is placed at 25,125, followed by 25,000," said Hardik Matalia from Choice Equity Broking Private Limited. The Bank Nifty outperformed the broader index, rising 454 points and forming a bullish candlestick, indicating renewed buying interest, he added. Both Asian and US indices posted strong overnight gains, lending a positive backdrop for Indian markets as they open. In the US, the Dow Jones Industrial Average advanced 1.14 per cent. Nasdaq rose 0.61 per cent, and the S&P 500 added 0.78 per cent. According to analysts, the US striking trade deals with many countries is slowly removing concerns surrounding tariff wars. Good corporate earnings in the US are providing the fundamental support to the market. In Asian markets, the Nikkei 225 continued a huge upswing for the second consecutive day (1.97 percent), and Indonesia's Jakarta Composite climbed 1.70 per cent. Hong Kong, Shanghai and Seoul were in the green zone. On July 23, foreign institutional investors (FIIs) were net sellers for the fifth consecutive session, offloading stocks worth Rs 4,209 crore. In contrast, domestic institutional investors (DIIs) remained strong buyers for the 12th straight day. They net purchased shares worth Rs 4,358 crore.
