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TCS को एक झटके में 47000 करोड़ से ज्यादा का नुकसान, रिलायंस और HDFC ने कर ली तगड़ी कमाई

TCS को एक झटके में 47000 करोड़ से ज्यादा का नुकसान, रिलायंस और HDFC ने कर ली तगड़ी कमाई

by | Aug 3, 2025 | Business


भारतीय शेयर बाजार में पिछले हफ्ते आई गिरावट के चलते देश की कई कंपनियों को नुकसान उठाना पड़ा. आलम यह रहा कि दस सबसे वैल्यूएबल कंपनियों में से सात कंपनियों के टोटल मार्केट कैप में 1.35 लाख करोड़ की गिरावट आई. इनमें टाटा कंसल्टेंसी सर्विसेज (TCS) सबसे ऊपर है. बीते हफ्ते बीएसई बेंचमार्क इंडेक्स में 863.18 अंक या 1.05 परसेंट की गिरावट दर्ज की गई. 

इन कंपनियों को भी हुआ जबरदस्त घाटा 

TCS, भारती एयरटेल, ICICI बैंक, भारतीय स्टेट बैंक (SBI), इंफोसिस, भारतीय जीवन बीमा निगम (LIC) और बजाज फाइनेंस का मार्केट कैप कुल मिलाकर 1,35,349.93 करोड़ कम हुआ है. इसके विपरीत, रिलायंस इंडस्ट्रीज, HDFC बैंक और हिंदुस्तान यूनिलीवर के मार्केट कैप में उछाल आया. दोनों कंपनियों को सामूहिक रूप से 39,989.72 करोड़ रुपये का प्रॉफिट हुआ. 

करोड़ों का हो गया नुकसान 

इस दौरान TCS का वैल्यूएशन 47,487.4 करोड़ घटकर 10,86,547.86 करोड़ रह गया. भारती एयरटेल का मार्केट कैपिटल 29,936.06 करोड़ घटकर 10,74,903.87 करोड़ रह गया, जबकि बजाज फाइनेंस का मार्केट कैपिटल 22,806.44 करोड़ घटकर 5,44,962.09 करोड़ रह गया. इंफोसिस को भी 18,694.23 करोड़ का नुकसान हुआ, जिससे उसका वैल्यूएशन घटकर 6,10,927.33 करोड़ रह गया.

इनके भी मार्केट कैप में आई गिरावट 

इस तरह से SBI का भी मार्केट कैप 11,584.43 करोड़ घटकर 7,32,864.88 करोड़ रह गया. ICICI बैंक का वैल्यूएशन 3,608 करोड़ घटकर 10,50,215.14 करोड़ रह गया और LIC का वैल्यूएशन 1,233.37 करोड़ घटकर 5,59,509.30 करोड़ रह गया.

इन कंपनियों ने काटी मौज 

दूसरी ओर, हिंदुस्तान यूनिलीवर का मार्केट कैप 32,013.18 करोड़ बढ़कर 5,99,462.97 करोड़ हो गया. HDFC बैंक का मार्केट कैप 5,946.67 करोड़ बढ़कर 15,44,025.62 करोड़ हो गया, जबकि रिलायंस इंडस्ट्रीज का वैल्यूएशन 2,029.87 करोड़ बढ़कर 18,85,885.39 करोड़ हो गया. मार्केट वैल्यू के मामले में रिलायंस इंडस्ट्रीज टॉप पर रही. इसके बाद HDFC बैंक, TCS, भारती एयरटेल, ICICI बैंक, SBI, इंफोसिस, हिंदुस्तान यूनिलीवर, LIC और बजाज फाइनेंस का स्थान रहा.

शेयर मार्केट में भारी गिरावट 

बता दें कि पिछले हफ्ते के आखिरी कारोबारी दिन शुक्रवार को शेयर बाजार में भारी गिरावट देखने को मिली थी. ग्लोबल मार्केट के कमजोर संकेतों और विदेशी निवेशकों की लगातार बिकवाली के चलते दलाल स्ट्रीट लाल निशान के साथ बंद हुआ.

कारोबार के अंत में बीएसई सेंसेक्स 585.67 अंक या 0.72 परसेंट टूटकर 80,599.91 पर बंद हुआ, जबकि निफ्टी में 203 अंक या 0.83 परसेंट की गिरावट दर्ज की गई थी और यह 24,565.35 के लेवल पर बंद हुआ. इस दौरान सन फार्मा से लेकर डॉ रेड्डीज लैब, सिप्ला जैसे फार्मा स्टॉक और  ONGC व टाटा स्टील जैसी दिग्गज कंपनियों के शेयरों में भी 5 परसेंट तक की गिरावट आई थी. 

ये भी पढ़ें: 

दुनिया के सबसे बड़े निवेशक वॉरेन बफेट को झटका, हो गया 31,600 करोड़ का बड़ा नुकसान

 



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ED arrests ex-Axis MF fund manager in ‘front-running’ case

ED arrests ex-Axis MF fund manager in ‘front-running’ case

by | Aug 3, 2025 | Business


Image used for represenatation purpose only.

Image used for represenatation purpose only.
| Photo Credit:
Natalie Maro

Viresh Joshi, a former chief trader and fund manager of Axis Mutual Fund, has been arrested under the anti-money laundering law in a case linked to alleged cheating of investors to the tune of ₹2 lakh crore by ‘front-running’ in trade activities, the Enforcement Directorate (ED) said on Sunday.

A special Prevention of Money Laundering Act (PMLA) court has sent Joshi, who was taken into custody on Saturday, to ED custody till August 8, the agency said.

Front-running refers to an unethical and illegal practice in the securities market in which brokers or traders execute orders for their own benefit using advance knowledge of pending client orders. This malpractice compromises market integrity and disadvantages other investors.

The federal probe agency launched searches in the case on August 1, covering multiple premises in Delhi, Mumbai, Gurugram, Ludhiana, Ahmedabad, Bhavnagar, Bhuj and Kolkata.

The ED has been investigating the matter under the civil provisions of the Foreign Exchange Management Act (FEMA). The Income Tax Department had conducted searches in this case in 2022.

“The search operations were part of an ongoing investigation into the illegal profits made by certain entities/persons by indulging in front-running trade activities in scrips traded by Axis Mutual Fund from 2018 to 2021,” the ED said.

The money laundering case stems from an FIR registered by the Mumbai Police in December 2024, alleging that Joshi, the then-fund manager of Axis Mutual Fund, “exploited” confidential information on the trades to be executed on behalf of Axis Mutual Fund to pre-emptively trade stocks, generating substantial “illicit” gains.

Joshi, hence, “cheated” the investors of Axis Mutual Fund, which holds assets under management of more than ₹2 lakh crore, the ED said.

“The accused had utilised a terminal in Dubai to punch the front-running trade orders through mule trading accounts obtained from various brokers.

“In addition to Joshi, the investigation has revealed that many other traders/brokers also misused the advance inputs on Axis Mutual Fund trades and indulged in front-running to generate illicit trade profits, which are nothing but proceeds of crime,” the agency alleged.

The alleged illicit funds generated by various traders/brokers, identified till date, amount to more than ₹200 crore and this sum could be much higher, the ED said.

The agency claimed that the proceeds of the fraud were funnelled through multiple shell entities and bank accounts beneficially owned by the accused persons/entities and their family members.

The ED said it froze shares, mutual funds and bank balance worth ₹17.4 crore during the searches.

Published on August 3, 2025



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PNB to touch landmark ₹30 lakh cr total business by FY26 end: MD Chandra

PNB to touch landmark ₹30 lakh cr total business by FY26 end: MD Chandra

by | Aug 3, 2025 | Business


PNB MD & CEO Ashok Chandra

PNB MD & CEO Ashok Chandra
| Photo Credit:
cueapi

Punjab National Bank (PNB) is well poised to touch the milestone of ₹30 lakh crore total business by the end of the current financial year and the country’s second biggest lender has the right strategy in place to achieve it, the bank’s MD and CEO Ashok Chandra said.

Total business of PNB rose by 11.6 per cent to ₹27.19 crore at the end of the first quarter of the current financial year. PNB is closely followed by Bank of Baroda with total business of ₹26.43 lakh crore while Canara Bank at ₹25.64 lakh crore at the end of June 30, 2025.

“We have a target of ₹29.56 lakh crore for the current financial year. We may do better than our target and can touch ₹30 lakh crore by March next year but let me add that we are very mindful that whatever the top line we are going to build, it should add profit to my bank,” he told PTI.

In an interview, Chandra emphasised that PNB is very conscious of the operating profit and even in the first quarter itself the bank has recorded the highest ever operating profit of ₹7,081 crore.

“Whether it is deposit mobilisation or the corporate loan book, everything should add to the bottom line of the bank. So that is the reason now, bulk deposits have been brought down and the corporate deposits have curtailed to a great extent,” he said.

Sharing the strategy to achieve the goal, Chandra said, the bank targets minimum 11-12 per cent credit growth and 9-10 per cent deposit growth in FY26.

“We have a good pipeline of corporate loan book of ₹1.29 lakh crore, which is in various stages of disbursement. There has been muted growth in the past, as there was a low-yielding advanced corporate loan book. We have shed that. Now, we are very mindful that whatever loan book we are going to build, it should make a good contribution to operating profit,” he said.

Chandra expressed confidence that there will be at least a double digit from Q2 onwards as far as the corporate loan segment is concerned.

He also highlighted that the lender is very aggressive in corporate lending and has provided confidence to corporate borrowers that decisions will be taken within a time period of 15 days.

“Anything which comes to the head office, within 15 days, we are going to communicate the decision. This has given a lot of confidence to the corporates,” he said.

The bank is also aggressive as far as project finance is concerned, he said, adding, “We have created a dedicated cell which is headed by a General Manager for the project financing..

Sector-wise growth

MSME, he said, the bank has grown at 17-18 per cent and that growth will continue, while core retail loans, like housing, vehicle and education loans, these three sectors would also continue to grow at 17 per cent.

Stressing that agriculture is a important component for the bank now, he said, “there is one component that is self help group, where we have put lot of focus, and we are seeing that this year, at least 30-40 per cent growth should happen in self help group portfolio, because that constitutes my small and marginal farmer category and forms part of priority sector lending.”

The bank is also putting a lot of focus on the food processing sector and infrastructure-related facilities like godowns and cold storage for the rural areas, he said.

In a bid to promote lending, the bank has been holding loan outreach programmes for various segments including MSME, Agriculture at regular intervals.

On the deposit side, Chandra said, the bank is focusing on low-cost CASA deposit mobilisation, which will be crossing 38 per cent of total deposits.

“Institutional deposits are coming down, however, we are seeing in the individual savings account. And this becomes a very, very important aspect of the CASA component, because that is a stable deposit,” he said.

As far as fund mobilisation is concerned, he said, “We are not looking for capital raising as such, as our CRAR is at 17.5 per cent with common equity Tier I at 12.95 per cent. Still, we have taken approval from the board for raising ₹8,000 crore of Tier I and Tier II capital..

At this capital adequacy ratio, he said, “the credit growth 11-12 per cent minimum will happen. I think that is enough to sustain this growth for the current financial year.”

Established in May 1894, the bank had a network of 10,209 branches and 11,240 ATMs across the country as of June 2025. PNB also has an international presence with a banking subsidiary in the United Kingdom and branches located in Hong Kong, Dubai, among other locations.

Published on August 3, 2025



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Decline in India’s Russian crude oil imports may boost demand for VLCCs

Decline in India’s Russian crude oil imports may boost demand for VLCCs

by | Aug 3, 2025 | Business


India is one of the major buyers of Russian oil and most of this trade is done on Suezmax and Aframax tankers.

India is one of the major buyers of Russian oil and most of this trade is done on Suezmax and Aframax tankers.
| Photo Credit:
TATIANA MEEL

A major decline in India’s import of Russian crude oil is sure to affect the global tanker trade patterns. Demand for very large crude carriers (VLCCs) is set to rise when India turns to its traditional buyers— West Asia.

Besides, the European Union’s (EU) 18th sanctions package lowers the price cap from $60 a barrel to $47.6, which would mean that Russia will have to expand its dark fleet strength to continue delivering its flagship grade Urals to buyers in India, China and Turkey.

According to a July 31 report by maritime consultancy Drewry, tightening of sanctions on Iranian and Russian oil by the US and EU may lead to notable shifts in global tanker trade patterns.

Rajesh Verma, Deputy Director of Tanker Shipping at Drewry, said although the US has not specified the penalty for buying Russian oil by India, any significant penalty might discourage the latter to buy Russian oil and look for alternate supplies.

Evolving patterns

India is one of the major buyers of Russian oil and most of this trade is done on Suezmax and Aframax tankers, he added.

Aframax vessels are ships with capacity of 80,000 and 120,000 deadweight tons (dwt), while Suezmax is between 125,000-180,000 dwt. On the other hand, Very Large Crude Carriers (VLCCs) can be between 200,000-320,000 dwt.

“However, any possible decline in India’s imports of Russian crude will lead to a significant increase in the country’s imports from other sources, especially the Middle East. In such a situation, the VLCC demand will increase at the expense of mid-size tankers as the former dominate the loadings in Arabian Gulf,” Verma anticipated.

On the lower price cap for Russian crude oil, Verma explained that the lower price cap of $47.6 per barrel will make it extremely difficult for Russia to use the mainstream international fleet for the transportation of its crude as Urals is unlikely to trade below such a low-price cap.

“Earlier, whenever Urals tend to trade below the price cap (especially in the low price environment), the mainstream fleet, especially from Greek owners, used to carry the Russian cargo. However, for selling Urals above the new price cap, Russia will need to expand the parallel fleet (normally called dark/grey fleet),” he added.

EU, US sanctions

Verma pointed out that while the sanctions by the US and EU reflect a stepped-up effort to curb Iranian and Russian oil revenues, there appears to be limited alignment in their strategies.

“The EU remains focused on constraining Russia’s energy income, whereas the US is pursuing broader geopolitical objectives, including trade leverage and renewed diplomatic engagement with Iran,” he added.

Previous rounds of sanctions on Russian, Iranian, and Venezuelan crude have led to the emergence of a parallel market for transporting sanctioned oil, Verma pointed out.

Despite an expanding list of sanctioned vessels and the G7 price cap mechanism, Russian crude continues to reach select buyers. Likewise, Iranian oil has steadily flowed to Asian markets, even with US sanctions in place since 2019.

“Going forward, it will be important to observe how the latest wave of sanctions on Russian and Iranian oil influences the dynamics of the tanker market,” Verma anticipated.

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Published on August 3, 2025



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Capri Global Q1 PAT jumps over two-fold to ₹175 cr

Capri Global Q1 PAT jumps over two-fold to ₹175 cr

by | Aug 3, 2025 | Business


Capri Global Capital Ltd reported more than two-fold jump in its consolidated net profit to ₹175 crore for the quarter ended June 2025

Capri Global Capital Ltd reported more than two-fold jump in its consolidated net profit to ₹175 crore for the quarter ended June 2025
| Photo Credit:
iStockphoto

Capri Global Capital Ltd on Saturday reported more than two-fold jump in its consolidated net profit to ₹175 crore for the quarter ended June 2025, aided by higher margins and operating efficiencies.

The non-banking financial company had reported a profit after tax of ₹76 crore in the year-ago period.

Total income of the company rose by over 41 per cent to ₹582 crore in the June quarter compared to ₹410 crore in the year-ago period, a statement said.

The non-banking financial company’s consolidated assets under management (AUM) surged by 42 per cent year-on-year to ₹24,754 crore in the first quarter of FY26, driven by robust growth in its retail loan portfolio, the company said.

Capri Global’s gold loans grew 69 per cent, while housing loans expanded 32 per cent during the quarter. Co-lending AUM rose 64 per cent to ₹4,681 crore, contributing 18.9 per cent to the total AUM compared to 17.8 per cent in the previous quarter.

The company’s disbursements stood at ₹8,458 crore, up 51 per cent on a yearly basis, with customer base surpassing 5.5 lakhs, it added.

CGCL raised ₹2,000 crore through a QIP during the quarter, taking its standalone capital adequacy ratio to 34 per cent.

“Our tech-led infrastructure and customer-first approach will continue to enable us to scale efficiently while maintaining strong profitability. With margin expansion driven by high-yield products, steady growth in fee-based income, and tech-led cost efficiencies, we are well placed to deliver robust returns,” Capri Global Capital Ltd founder & MD Rajesh Sharma said.

“The successful equity raise during the quarter has further strengthened our capital base, providing the capital to accelerate our geographic expansion and deepen our investments in AI and data science capabilities,” he added.

Published on August 3, 2025



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India hasn’t given refiners directions not to buy Russian Oil

India hasn’t given refiners directions not to buy Russian Oil

by | Aug 3, 2025 | Business


India has maintained its energy purchases are driven by market forces and price

India has maintained its energy purchases are driven by market forces and price
| Photo Credit:
PUNIT PARANJPE

India hasn’t given the country’s oil refiners instructions to stop buying Russian oil, according to people familiar, as officials grapple with meeting energy needs and maintaining ties with Moscow without further angering US President Donald Trump.

No decision has been taken as yet on stopping imports from Russia, the people said, asking not to be named due to the sensitivity of the matter. Both state-run or private refiners are allowed to buy from their preferred sources, and crude purchases remain a commercial decision made by them, several of the people said.

Trump blasted India on Wednesday for continuing to purchase most of its military equipment and energy from Russia. The US leader imposed a surprise 25% tariff on India and threatened an additional penalty for its close ties with Moscow. Two days later, Trump told reporters he “heard” India would no longer be buying oil from Russia, calling it “a good step.”

India has maintained its energy purchases are driven by market forces and price. Last week, refiners were told to come up with plans for buying non-Russian crude, people familiar said to Bloomberg. The government asked state-owned processors to prepare an outline of where alternate barrels can be sourced and at what volume if Russian flows get stopped, they said. One of the people said the instruction amounted to scenario planning in case Russian crude were to become unavailable.

The New York Times reported on Saturday that India will keep buying Russian crude despite a threat of penalties from Trump, citing two senior Indian officials it didn’t identify. 

An oil ministry spokesperson didn’t reply to messages from Bloomberg seeking comment outside of regular business hours.

India’s refiners have been singled out by the European Union and the US for supporting Moscow during its war in Ukraine with the oil purchases. It has become the world’s biggest buyer of Russian seaborne exports of crude, soaking up discounted barrels and ramping up its purchases from almost zero to about one-third of its imports.

Reducing or stopping Russian oil purchases would force India to source oil once again from Gulf nations — which costs a premium — and New Delhi isn’t keen on adding to its import bill, one of the people said. 

Indian Prime Minister Narendra Modi maintains close ties with Russian President Vladimir Putin, having visited the country in October. Putin is scheduled to visit India later this year. 

State-owned Indian Oil Corp. bought at least 5 million barrels US crude, on top of 2 million barrels of supplies from Abu Dhabi, traders told Bloomberg last week. The purchases were both large and for relatively immediate delivery by the company’s usual standards. 

More stories like this are available on bloomberg.com

©2025 Bloomberg L.P.

Published on August 3, 2025



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