Months after Ratan Tata’s passing, Noel Tata-led Tata Group suffered a massive loss of Rs 110,550 crore in just five days, attributed to…

The market capitalization (mcap) of the top-10 most valued firms in India declined by a cumulative Rs 4,95,061 crore last week, with Tata Consultancy Services (TCS) leading the erosion with a decline of Rs 1,10,550.66 crore. The benchmark BSE Sensex dropped 4,091.53 points or 4.98% during the week, its steepest decline since June 2022. The sharp fall was attributed to a change in market sentiment after the US Federal Reserve’s announcement, which revised its outlook to only two rate cuts in 2025. The valuation of Reliance Industries, HDFC Bank, Bharti Airtel, and ICICI Bank also witnessed significant erosion. The market cap of Infosys, LIC, Hindustan Unilever, and ITC declined to varying degrees. The ranking of the top-10 firms remained unchanged, with Reliance Industries retaining the top spot followed by TCS, HDFC Bank, ICICI Bank, and Bharti Airtel.