India's 10 firms lose $20 Billion in a week
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India's 10 firms lose $20 Billion in a week

By SiliconIndia   |   Thursday, 30 October 2008, 06:26 Hrs   |    6 Comments
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Mumbai: Marking the recessionary trend, India's top 10 firms including four private sector and six public sector companies have lost around $20 billion (94000 crore) in a week. However, it's the country's public bank State Bank of India (SBI) which has stood out with an additional capitalization of around $80 million (4000 crore).

The ten companies posted a combined market capitalization of 10, 44, 245 crore which is lower than the previous week's capitalization of 11, 38, 734 crore by around 94, 448 crore. However, among them Reliance Industries was the worst one to suffer with a fall in its market capitalization of 34, 898 crore during the past week, though it did not affect its numero-uno position as it still stood at the top with a capitalization of 2,05,418 crore.

The ranking list begins with RIL which is followed by ONGC (Rs 1,65,954 crore), Bharti Airtel (1,28,466 crore), NTPC (1,23,475 crore), SBI (89,768 crore), MMTC (Rs 74,631 crore), NMDC (69,421 crore), Infosys (68,845 crore), ITC (Rs 59,775 crore) and BHEL (58,487 crore). While telecom major Bharti Airtel regaining the third slot from PSU firm NTPC, ITC moved ahead of BHEL to grab the ninth rank.

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Reader's comments(6)
1: Before the indian economy tieing up with foreign trade it should analyse the future trends and wht are the safety precautions they are taking up so that it can avoid financial crisis in our country and we can easily unplug from global.
Posted by:manu - 27 Oct, 2008
2: I feel that recession is here to stay. While US buddies are getting homeless it ought to affect the largely US dependent Indian markets
Posted by:Athar Mohammad Aarif - 21 Oct, 2008
3: Confidence on private banks is dipping down. Investments are now getting shifted to SBI
Posted by:Sudhie - 20 Oct, 2008
4: This is not new to them

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Posted by:Shilpa - 19 Oct, 2008
5: from the statistics, it can be observed that the companies are so big that 90k crores is not a huge amount for them

its greate to see the capability of our companies

Posted by:JSP - 19 Oct, 2008
6: well ups and downs are a part of the companies... this will pass ... who knows in the next week what happens...
Posted by:kruna - 19 Oct, 2008
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