Correct Answer : Option (B) - Reliance Industries
As per Hurun India's 2022 Burgundy Private Hurun India 500 list, With a whopping value of Rs 16.4 lakh crore, billionaire Mukesh Ambani's Reliance Industries Ltd is the most valuable private company in India followed by Tata Consultancy Services (TCS) with Rs 11.8 lakh crore and HDFC Bank with Rs 9.4 lakh crore.
According to the report, the value of Reliance decreased by 5.1 per cent, or Rs 87,731 crore in the last six months. While the total value of TCS increased marginally by 0.7 per cent and HDFC Bank increased by 12.9 per cent.
Reliance is also the highest taxpayer with a payout of Rs 16,297 crore and the most profitable company with a bottomline of Rs 67,845 crore in 2022-23.
Adar Poonawalla's Serum Institute of India was ranked as the most valuable unlisted company in the country with Rs 1.92 lakh crore in value.
* The vaccine maker overtook National Stock Exchange which was pushed to the No. 2 spot with Rs 1.65 lakh crore in value.
* Byju's was placed at No. 3 with Rs 69,100 crore value.
The biggest gainers were HDFC Bank, ITC and Housing Development Finance Corporation, by absolute value.
Valuation of Adani Group's eight companies more than halved in the six months to April 2023 against just a 6 per cent decline in the top 500 non-government companies.
Adani Total Gas lost 73.8 per cent of its value, Adani Transmission saw a decline of 69.2 per cent, while Adani Green Energy was down by 54.7 per cent, the report said.
"The eight companies in the Adani Group have a combined value of Rs 9.5 lakh crore and constitute 4.5 per cent of the total value of 500 top companies. The Adani Group companies in the review period decreased their value by 52 per cent or Rs 10.25 lakh crore against a decline of just 6 per cent by the top 500 companies" ..
Source : Economictimes
Published On : June 21, 2023
Category : Business and Economics
