INDIA'S BILLION DOLLAR CLUB ADDS 51 FIRMS; $500 BILLION

The rally in the stock market and the recent appreciation in rupee value has brought 51 new members to the elite billion-dollar market-value club, while doubling its overall valuation since October when the benchmark index had dropped below the 8,000-level.

The country boasts of as many as 144 companies with a market capitalisation of at least a billion dollar at present. The number represents a increase of 51 companies from just 93 in October 2008. Interestingly, the cumulative market value of the club currently stands at about 900 billion dollars (Rs 42,34,171.25 crore) as on June 5, more than double of its value in October last year of 410 billion dollars (about Rs 20,41,029.8 crore).

The Economic Times

Tatas India’s second most valued group

Leading conglomerate Tata group has retained its position as India’s second most-valued and the only corporate house after Mukesh Ambani group with a market value of over Rs 3 trillion, despite the Anil Ambani group hitting this milestone in intra-day trades twice. Tatas are the biggest corporate house among the three in terms of the number of Companies listed on the bourses. Besides, Tata group also has the lowest average promoter holding among the three leading business groups, while Anil Ambani group has the highest. The cumulative market value of all the 30 listed firms of Tata group currently stands at Rs 3,04,473 crore, based on their BSE share prices at the close of the market on Friday.

The Financial Express
http://www.financialexpress.com/news/
Tatas-Indias-second-most-valued-group/251092/