At Friday's close, the market value of all listed stocks of Adani Group stood at ₹22.27 trillion (about $278 billion), higher than Tata Group's ₹20.77 trillion ($260 billion). Mukesh Ambani-led Reliance Group is in third position with market capitalisation (market cap/value) of ₹17.16 trillion ($220 billion).
The market value of the Ahmedabadbased group is for its nine listed firms starting with the family name Adani and also for the Ambuja Cements and ACC.
In comparison, Tata Group has 27 listed companies, of which Tata Consultancy Services (TCS) accounts for 53 per cent of the conglomerate's market capitalisation.
The Mukesh Ambani group has nine listed companies, but Reliance Industries (RIL) accounts for 98.5 per cent of the group's market capitalisation.
RIL, the oil-to-telecom major, is also India's most valuable company with a market capitalisation of 16.91 trillion, followed by India's largest software exporter TCS (market capitalisation 11 trillion).
This story is from the September 17, 2022 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 17, 2022 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Adani, Tata Eye Bigger Pie In Mumbai Power Distribution
Battle for high-value customers heats up amid increased EV penetration
Al Inside: Tech Eases Work For IT Firms
It simplifies and automates routine tasks and helps employees to focus on the big picture
Fertility Rates Linked To Education, Wealth
Income levels and the number of years a person spends in school are inversely related to the size of families they decide to raise.
Musk In Beijing In A Bid To Push Tesla Autopilot Tech
Tesla chief executive officer (CEO) Elon Musk arrived in Beijing on Sunday on an unannounced visit, where he is expected to meet senior officials to discuss the rollout of Full Self Driving software and permission to transfer data overseas, according to a person with knowledge of the matter.
Shipping To Shopping, AI Is Making Food Safe
Concerns about food safety rise periodically as more information about the impact of chemicals is revealed.
'Taiwan keen to help India become leader in chip space'
Taiwan is keen to collaborate with India and help it become a leader in the semiconductor space, Jason Ho, chairman of the Taiwan Chamber of Commerce in India, said, asserting that the Taiwanese companies have the supply chain for things that the Indian market needs.
No cancer-causing agents in our products: MDH on quality claims
MDH Spices has denied allegations that its products have traces of cancer-causing agent ethylene oxide (ETO), calling them \"untrue\" and \"lacking any substantiating evidence.
RIGHT TO A FUTURE
The apex court has made an 'observation' on the right to be free from the adverse effects of climate change. Can this pave the way to a cleaner future?
How to make insolvency law solvent
The IBC has served the purpose by creating the fear of god among rogue promoters. It's time to plug the loopholes in the law and make the defaulters understand that the IBC isn't just all bark and no bite
To fund AI boom, tech plans plumbing upgrade
Microsoft, Meta and Google's parent Alphabet are going to spend billions on infrastructure
