Current Affairs

HDFC Group overtakes Tata Group

HDFC group has overtaken the 151-year-old Tata group to emerge as India's most valuable by way of market capitalization (m-cap).

One must know:

  • The combined market value of the five listed companies of the HDFC group - HDFC, HDFC Bank, HDFC Life, HDFC Asset Management and Gruh Finance stood at Rs 11.66 lakh crore while the combined m-cap of 29 Tata group companies stood at Rs 11.64 lakh crore, about Rs 2,000 crore less than that of the HDFC group.

About the HDFC Group:

  • CEO of HDFC group is Mr. Aditya Puri.
  • The group has its headquarters in Mumbai, India.
  • HDFC group was founded in August 1994, India.
  • It has subsidiaries called HDFC securities and HDB Financial Services.

Question:

Q. Which group has overtaken the 151-year-old Tata group to emerge as India's most valuable by way of market capitalization (m-cap)?
a. Adani group
b. Reliance group
c. HDFC group
d. Godrej group
HDFC Group overtakes Tata Group HDFC Group overtakes Tata Group Reviewed by Neha on May 24, 2019 Rating: 5

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