Mcap of 6 of top-10 most valued firms drops nearly by ₹65,000 crore; Bharti Airtel biggest laggard

File photo of Bharti Airtel Office | Photo Credit: Reuters The combined market valuation of six of the top-10 most valued firms declined by ₹64,734.46 crore in a holiday-shortened last week, with Bharti Airtel taking the biggest hit, reflecting the broader weakness in the equities market. Last week, the BSE benchmark Sensex declined 263.67 points,…

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Iran Israel War: Moody’s cuts India’s FY27 GDP growth estimates to 6% amid West Asia conflict

Moody’s Ratings has slashed India’s economic growth estimates for the current fiscal to 6% from 6.8% earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks. In its credit opinion report on India, Moody’s said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term household…

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India procuring Iranian crude, diversion of cargo not because of payment issue: Govt clarifies

Albeit dismissing news reports about Iranian crude being diverted from Indian shores because of payment issues, the Ministry of Petroleum and Natural Gas (MoPNG) informed that Indian refiners are indeed purchasing Iranian crude. | Photo Credit: Getty Images/iStockphoto Albeit dismissing news reports about Iranian crude being diverted from Indian shores because of payment issues, the…

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