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M-cap of six of top 10 most valued firms climbs Rs 63,000 crore; L&T, SBI biggest gainers

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M-cap of six of top 10 most valued firms climbs Rs 63,000 crore; L&T, SBI biggest gainers
The combined market valuation of six of the top-10 valued firms climbed Rs 63,478.46 crore last week, led by Larsen & Toubro and State Bank of India, which emerged as the biggest winners.

The 30-share BSE Sensex rose 187.95 points, or 0.22 per cent, over the past week.

Larsen & Toubro, State Bank of India (SBI), HDFC Bank, Life Insurance Corporation of India (LIC), Bajaj Finance, and Reliance Industries were the gainers, while Bharti Airtel, ICICI Bank, Infosys, and Tata Consultancy Services saw their valuations erode.

The market valuation of Larsen & Toubro jumped by Rs 28,523.31 crore to Rs 6,02,552.24 crore. SBI added Rs 16,015.12 crore to Rs 11,22,581.56 crore.

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The valuation of HDFC Bank climbed by Rs 9,617.56 crore to Rs 14,03,239.48 crore, and that of LIC edged higher by Rs 5,977.12 crore to Rs 5,52,203.92 crore.


The market capitalisation (mcap) of Bajaj Finance advanced Rs 3,142.36 crore to Rs 6,40,387 crore, and that of Reliance Industries went up Rs 202.99 crore to Rs 19,21,678.78 crore.
However, the mcap of Bharti Airtel tumbled Rs 15,338.66 crore to Rs 11,27,705.37 crore.The valuation of ICICI Bank eroded by Rs 14,632.10 crore to Rs 9,97,346.67 crore.

Infosys’ mcap declined by Rs 6,791.58 crore to Rs 5,48,496.14 crore and that of Tata Consultancy Services (TCS) dipped Rs 1,989.95 crore to Rs 9,72,053.48 crore.

Reliance Industries remained the most-valued firm, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India, and Infosys.

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Trump urges UK and other nations to send ships to Strait of Hormuz

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Trump urges UK and other nations to send ships to Strait of Hormuz

Trump says he hopes China, France, Japan and South Korea will also send ships to defend the key oil shipping route.

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Fuel price surge could force drivers to cut hospital visits as petrol costs climb

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UK petrol prices rise above 150p a litre for first time since January

Rising fuel prices could force some drivers to reduce essential journeys, including hospital visits, as the escalating oil price crisis continues to push up costs at the pump, according to new research from campaign group FairFuelUK.

The survey of more than 37,000 motorists found that 11.9 per cent of respondents believe they may have to reduce the frequency of regular hospital treatment or medical visits if petrol and diesel prices continue to rise sharply. Campaigners warn that sustained increases in fuel costs could have serious knock-on effects for both household finances and wider economic activity.

Petrol prices have already risen by nearly 10p per litre on average since the latest oil market turmoil began, while diesel has increased by almost 14p per litre, according to the FairFuelUK Fuel Price Crisis Survey. The increases come amid continued volatility in global energy markets and concerns about disruption to oil supplies.

Drivers responding to the survey indicated that if fuel prices climb by more than 20p per litre on average, many households will begin significantly reducing everyday spending in order to cope with rising transport costs. FairFuelUK warns that such behavioural changes could have wider economic consequences, potentially slowing consumer spending and increasing the risk of recession.

The findings suggest that rising pump prices would quickly feed through into household budgeting decisions. More than 70 per cent of drivers said they would cut back on hobbies, eating out and entertainment if prices increased further, while nearly 60 per cent said they would reduce spending on branded food products.

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More than half of respondents said they would switch to filling up at supermarket forecourts in search of cheaper fuel, while just over half indicated they would reduce the size of their regular grocery shop. Around 41 per cent said they would work from home more often to avoid commuting costs, and nearly 38 per cent would consider using public transport more frequently.

However, the research also highlights the potential impact on social and essential travel. Nearly a quarter of motorists said they would cut back on visits to family and friends, while the proportion who indicated they may reduce hospital visits has raised particular concern among campaigners.

Howard Cox, founder of FairFuelUK, said the government should take immediate action to relieve pressure on motorists and prevent rising fuel costs from feeding through into inflation and weaker economic growth.

He argued that cutting fuel duty could help stabilise prices and protect both consumers and businesses from further economic strain.

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“Rachel Reeves could calm inflationary pressure and protect the economy from recession by cutting fuel duty now and promising to scrap any increase in this regressive tax in the lifetime of this Parliament,” Cox said.

He added that UK drivers face some of the highest fuel taxes in the world and argued that reducing the burden would help boost consumer spending and lower operating costs for small businesses.

“The world’s highest taxed drivers deserve relief from the high costs of an essential resource, and the economy needs a boost by increasing consumer spending and lowering costs for small businesses,” he said.

Cox also called for wider reforms to fuel pricing, including removing VAT on fuel duty, which campaigners describe as a form of double taxation, and introducing stricter monitoring of pump prices through a strengthened regulatory framework.

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The FairFuelUK survey also explored motorists’ perceptions of how fuel retailers have responded to recent wholesale price movements. When asked whether they had observed pump prices rising significantly before wholesale costs increased, 43.1 per cent of respondents said they had noticed increases at their usual forecourt, while more than half said they were unsure.

Among those who believed prices had risen prematurely, 83.7 per cent identified major oil companies including Shell, BP, Esso and Texaco as having the highest pump prices and increasing them on existing fuel stocks.

Supermarket petrol stations were widely perceived as offering the lowest prices overall, although some respondents reported that supermarkets such as Asda and Tesco had implemented some of the fastest price increases.

Campaigners say the findings underline growing concern among motorists about transparency in the fuel supply chain and the speed at which retail prices respond to fluctuations in wholesale costs.

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FairFuelUK is urging ministers to introduce what it calls a robust “PumpWatch” system to monitor pricing across the fuel supply chain and impose significant fines if companies are found to be profiteering.

With global energy markets remaining volatile and geopolitical tensions continuing to disrupt oil supplies, motorists and businesses alike are bracing for further uncertainty at the pump in the months ahead.


Jamie Young

Jamie Young

Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.

When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.

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Banknotes, beavers and a very British backlash

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Banknotes, beavers and a very British backlash

Politicians are furious Churchill will be replaced on banknotes. The RSPCA wants rats and pigeons to feature.

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US, China economic chiefs meet in Paris to clear path to Trump-Xi summit

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US, China economic chiefs meet in Paris to clear path to Trump-Xi summit


US, China economic chiefs meet in Paris to clear path to Trump-Xi summit

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Goldman: AI PCs to buck 10% market slump as ‘edge computing’ demand accelerates

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Goldman: AI PCs to buck 10% market slump as ‘edge computing’ demand accelerates

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Trump calls for allies to help secure Strait of Hormuz as Iran vows to step up retaliation

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Trump calls for allies to help secure Strait of Hormuz as Iran vows to step up retaliation


Trump calls for allies to help secure Strait of Hormuz as Iran vows to step up retaliation

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Stocks Give Back Early Gains. Watch Oil Prices.

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Stocks Little Changed After Fed Decision

Wall Street reacted to a double-whammy of lower growth and higher inflation by bidding up stocks. Then oil prices crept back.

The Dow was down 65 points, or 0.1%, after rallying 400 points earlier in the session. The S&P 500 was down 0.5%. The Nasdaq Composite was down 0.9%.

The market’s fall off its session highs follows a move higher for WTI crude oil futures. The U.S. benchmark was up 2.1% to $97.76 after falling to $92.04. Brent crude futures were back up 1.9% to $102.29.

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Food Prices Could Rise as Iran Conflict Threatens Fertilizer Supplies

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Food Prices Could Rise as Iran Conflict Threatens Fertilizer Supplies

Food Prices Could Rise as Iran Conflict Threatens Fertilizer Supplies

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24/7 Oil Futures Hold Steady Above $100

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24/7 Oil Futures Hold Steady Above $100

While traditional oil markets take a break over the weekend, digital platforms are providing a 24/7 preview of where crude prices are headed.

On the crypto exchange Hyperliquid, prices for contracts linked to the West Texas Intermediate crude traded at around $102 a barrel as of 6:20 p.m. ET on Saturday, up about 5% over the previous 24 hours.

In traditional markets, the U.S. oil benchmark officially finished the week at $98.71 a barrel on Friday and will resume trading at 6 p.m. ET on Sunday.

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$15 billion exit: Asian equities tumble as Goldman warns of prolonged oil shock

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$15 billion exit: Asian equities tumble as Goldman warns of prolonged oil shock

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