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The combined market valuation of eight of the top-10 most valued firms eroded by Rs 1,60,314.48 crore last week, with Reliance Industries taking the biggest hit, in line with a sluggish trend in equities. Last week, the BSE benchmark dropped 1,047.52 points, or 1.30 per cent.
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Germany's new top diplomat Johann Wadephul called on Saturday for "serious discussions for a ceasefire" in Gaza, where the humanitarian situation "is now unbearable". On Tuesday, new German Chancellor Friedrich Merz voiced "considerable concern" about the Gaza conflict and demanded that Israel "respect its humanitarian obligations".
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The Edinburgh-born businessman bult the firm into a 1bn business and also owned Hibernian FC.
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