ADANI BEATS TATAS
With a market capitalisation of Rs 20.74 lakh crore (about $260 billion), Adani Group emerged as the most valued business house in India on Friday, moving slightly ahead of Tatas (Rs 20.7 lakh crore). The Gautam Adani-led ports-to-cement group has seen a meteoric rise in its businesses and stock market valuation over the past few years.
The Mukesh Ambani-led Reliance group, with a market cap of Rs 17.1 lakh crore, stood at the third position, according to ETIG database. HDFC ranked fourth with Rs 14.3 lakh crore, while Bajaj group followed with Rs 9.2 lakh crore.