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The combined market valuation of the top-10 most valued firms eroded by Rs 2,99,661.36 crore last week, in line with a bearish trend in equities, with IT bellwether Tata Consultancy Services taking the biggest hit.
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Tata Capital plans Indias largest 2025 IPO of Rs 17,200 crore on October 6. Proceeds will boost Tier-1 capital, supporting lending growth. Grey market trades at Rs 29; valuation ~$18 billion.
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HSBC reiterates Buy on Eternal, raising its target to Rs 390, citing strong scale, margin leadership, and robust cash reserves. Swiggy remains on Hold due to slower margin growth, high cash burn, and execution risks, despite rising average order values. Eternal outperforms in quick commerce and food delivery segments.
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News and Media
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