The market cap of TCS soared the most at Rs 17,129 cr to Rs 5,01,307 cr
ONGC and Infosys see erosion in their valuations
To offset the impact of high import costs, the Planning Commission has said that CIL should adopt a pooling formula on prices by combining rates of imported and domestic coal.
Over the past week, the benchmark BSE Sensex gained 646.12 points to settle at 27,887.90.
State-owned Coal India is expected to seal deals worth $1.8 billion (about Rs 8,000 crore) with foreign firms in the next two months for mining coal abroad.
The Federation of Indian Chambers of Commerce and Industry (Ficci) president RV Kanoria calls for privatisation of Coal India Limited (CIL), the world's largest coal producer and India's public sector unit.
Top 9 Sensex firms lose over Rs 1 trillion in market cap.
Says Coal India is ready to sign at 80% trigger level, with 15% imported coal on cost-plus model.
M-cap of RIL surged Rs 22,358.6 cr to Rs 2,92,392.91 cr
Power firms can pass on burden to consumers, stocks rise up to 2%
In the ranking of top-10 firms, TCS stood at number one position
Over the past week, the BSE benchmark Sensex fell by 465 points to 28,717.91 and logged its worst weekly loss in nearly two months.
TCS and SBI emerged as the biggest gainers
Over 75 per cent of India's daily coal output has been hit as the five-day strike by workers of state-run miners entered the second day on Wednesday, raising fears of disruption in power supplies.
Writes to coal secretary; may move court today as it finds directors' response inadequate.
To meet fuel supply commitments to the power sector, the government today said CIL might divert a portion of the coal meant for e-auction to power plants.
Reliance Industries emerges biggest gainer
Sun Pharma and ONGC emerging as biggest gainers
Dragged down by Coal India, the cumulative market valuation of four among the top 10 Indian companies fell by Rs 30,679.66 crore during the past week.
The market capitalisation of TCS plunged by Rs 18,911.52 crore (Rs 189.11 billion) to Rs 5,24,772.61 crore (Rs 5,247.72 billion).
The board, on the urging of six independent members, had earlier turned down a government directive to commit at least 80 per cent supply to power companies.
Currently, 23 power units with a cumulative capacity of 30,000 MW have super critical coal stock situation A lack of synchronised approach between the concerned ministries and power plants, has led to this crisis, says Shreya Jai.
Committed to keep fiscal deficit under check, Prime Minister Manmohan Singh has convened a high-level meeting on Tuesday to push forward the disinvestment programme with a view to achieve the budgetary target of Rs 40,000 crore (Rs 400 billion) in the current fiscal.
The m-cap of ONGC dipped Rs 13,303.78 crore, while that of Infosys tanked Rs 12,162.32 crore
TCS emerged as the biggest gainer among the top-10 firms
'They will be able to ride over this immediate crisis and carry on, but they need to take corrective steps and these will have to be long term measures which must include working closely with state governments.'
The CMOAI had earlier called for a three-day strike that began on Thursday.
Over the past week, the BSE benchmark Sensex rose 319.49 points to end at 25,838.71
The Appellate Authority has stayed Rs 1800 crore penalty on Coal India.
The decision is a part of a surveillance review.
Sun Pharma and TCS winning big amid recovery in broader market
Five states -- Maharashtra, Haryana, Rajasthan, Punjab and Gujarat -- face a massive power crisis.
A top Coal India official, however, said the hike would be 'modest' and said, 'our prices are 50 per cent discounted as compared to the global prices. Now there has been a major wage revision resulting in over Rs 4,000 crore (Rs 40 billion) additional financial burden on us which cannot be met through production and productivity alone.'
While CIL, HDFC Bank, SBI, ICICI Bank and HDFC saw rise in their market cap, TCS, RIL, ONGC, ITC and Infosys witnessed fall in their valuations for the week ended April 25.
TCS and ONGC take the biggest hit
RIL saw its market value plummet by Rs 20,303 cr, taking the steepest hit in the top-10 list
The m-cap of HDFC Bank soared Rs 13,030.16 crore to Rs 3,10,188.96 crore, emerging as the biggest gainer among the top-10 firms.
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore (Rs 430 billion) from divestment proceeds, almost the same level that the government expects to realise from stake sale in PSUs this fiscal.
HDFC worst hit with Rs 9,177 cr erosion; Sun Pharma only firm to have come out a gainer
Over the past week, Sensex surged 858.56 points to 27,079.51, second straight weekly high
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