Business Today5 min read
The Rail Resurgence
RAILWAYS-FOCUSSED FIRMS, once considered outdated remnants of a past era, have staged a resurgence in the past year by delivering returns on the bourses that would make even the most jaded investor whistle with joy. Market watchers say the government
Business Today1 min read
Green Rules
▸ ESG is a set of metrics used to evaluate a company’s performance on environmental, social, and governance issues ▸ Sebi introduced a voluntary framework called Business Responsibility Report (BRR) in 2012 ▸ In 2021, the BRR was broadened into the B
Business Today1 min read
Total Assets
For keys to symbols used and other notes, see footnotes on page 130; N/A: Not applicable; Data as of October 3, 2023; The list excludes BFSI companies SOURCE ACE Equity ■
Business Today6 min read
“The Focus At NSE Is Back On Governance”
India’s capital markets are counted among the most well-regulated and stable ones globally. The National Stock Exchange (NSE) is right at the top globally in terms of the number of trades that take place on it. NSE MD & CEO Ashishkumar Chauhan, 55, w
Business Today3 min read
THE bt BILLIONAIRES
CHAIRMAN AND MANAGING DIRECTOR, RELIANCE INDUSTRIES ₹7.79 LAKH CRORE TOTAL VALUE OF PROMOTER HOLDING RELIANCE INDUSTRIES OPERATES IN HYDROCARBON EXPLORATION AND PRODUCTION, PETROLEUM REFINING AND MARKETING, PETROCHEMICALS, RETAIL AND TELECOMMUNICATIO
Business Today6 min read
Life Insurance See-saw
THE LIFE INSURANCE sector has faced a challenging year, with leading companies—including Life Insurance Corporation of India (LIC), HDFC Life Insurance Company and ICICI Prudential Life Insurance Company—witnessing a slump in their average market cap
Business Today7 min read
Challenges Aplenty
MORE THAN A year after the merger of L&T Infotech and Mindtree created a formidable player in the highly competitive Indian IT space, LTIMindtree—the combined entity—has emerged as the fifth-largest IT services firm in India by market capitalisation
Business Today6 min read
Reliance Reimagined
FOR RELIANCE Industries Ltd, which closed FY23 with consolidated revenues of ₹9,74,864 crore, the decade gone by was about new ventures that gave the B2B conglomerate a healthy appetite for consumer-facing businesses. In the year to March 31, 2023, R
Business Today2 min read
How We Did It
INDIA’S LARGEST COMPANIES have been ranked based on market capitalisation by Business Today every year since 1992. This year’s rankings are based on the average market capitalisation of the companies for the 12-month period from October 1, 2022 to Se
Business Today3 min read
Transforming The Jewellery Industry Through Innovative Erp Excellence
Synergies Solutions Pvt. Ltd. is leading the way in the ever-changing world of jewellery, emphasizing the significance of accuracy, productivity, and flexibility. As a leading software product development company, Synergies specializes in providing a
Business Today1 min read
A Cracker Of A Year
The BSE building in Mumbai Data as on November 8 SOURCE ACE EQUITY Returns given by the BSE SmallCap, followed by the BSE MidCap (30 per cent), as the broader market has outperformed the Sensex The amount pumped in by domestic investors into Indian e
Business Today1 min read
Bottling It Up
▸ Bottles and markets key PepsiCo portfolio across 27 states and seven UTs in India—over 92% of PepsiCo’s India business ▸ Investing ₹3,000 crore to expand capacity that will grow over 45 per cent higher than 2022 peak ▸ 30 manufacturing plants in In
Business Today6 min read
Accounting For Sustainability
IN 2021, THE Securities and Exchange Board of India (Sebi) took a big leap in promoting sustainable practices in companies by introducing a framework for reporting such actions. These incorporated the environmental, social and governance (ESG) impact
Business Today1 min readInvestments & Securities
Gearing Up
▸ Start-ups that have delayed listing are encouraged by the strong investor demand for Mamaearth IPO ▸ The first wave of new-age tech stocks, led by Zomato and Paytm, are beginning to make a comeback in the markets ▸ Improved volumes enabled these co
Business Today1 min read
India’s Esg Preparedness
▸ Only 27 per cent of businesses are well-prepared to meet ESG requirements ▸ Only 15 per cent organisations’ suppliers are ready ▸ 80 per cent of organisations report their ESG efforts. The prevalent method used is sustainability reports (81 per cen
Business Today6 min read
Some Gain Some Pain
MORE THAN THREE decades after the first BT500 study—which ranks India’s largest companies in terms of market capitalisation (m-cap)—was published in 1992, much has changed in the country’s business landscape. Companies have evolved and grown much lar
Business Today4 min read
Food Bill
AT AN ELECTION rally in Chhattisgarh’s Durg, Prime Minister Narendra Modi made a surprise announcement that the government will extend the scheme to provide free foodgrain for five more years until December 2028. Of course, it wasn’t expected to come
Business Today2 min read
A Premium Legacy
MOST OF OBEROI Hotels’ expansion coincided with India opening up its economy in the 1990s. Till then, it was still a relatively small business. The gap in the market, to Prithvi Raj Singh Oberoi’s eye, indicated a demand for high-quality business tra
Business Today1 min read
Total Income
For keys to symbols used and other notes, see footnotes on page 130; N/A: Not applicable; Data as of October 3, 2023;The list excludes BFSI companies SOURCE ACE Equity ■
Business Today1 min read
Bright Prospects
▸ Support through policies, increased budget allocation and big orders from PSUs have helped growth in the sector take off in a holistic manner ▸ Strategic buyouts have led to higher revenues and a more meaningful presence for firms operating in the
Business Today2 min read
Going Strong
THE COMBINED MARKET VALUE OF THE BT500 COMPANIES HAS INCREASED BY ROUGHLY 259 TIMES SINCE THE FIRST LIST IN 1992 NOTE IN 1992, THE M-CAP ON DECEMBER 24, 1991, WAS USED; FROM 1993-1996, THE M-CAP OF THE FINANCIAL YEAR ENDED MARCH WAS USED; FOR 1997-20
Business Today2 min read
A Real Problem
DEEPFAKE VIDEOS OF many prominent personalities have been doing the rounds on social media platforms lately. Even Prime Minister Narendra Modi recently cautioned against the phenomenon, citing a deepfake video of him doing garba that he had seen rece
Business Today2 min read
A Record Show
INDIA MAY HAVE lost the ICC Men’s World Cup 2023 to Australia, but the tournament left an indelible mark on the cricketing landscape. Apart from its share of nail-biting finishes, there were also a few memorable firsts, from Rohit Sharma becoming the
Business Today5 min read
Governance Matters
“THE PRICE OF greatness is responsibility.” Legendary British Prime Minister Winston Churchill said these words at Harvard University in 1943. While Churchill wasn’t speaking about the operation and management of companies, his words do hold as sage
Business Today6 min read
Braving The Challenges
IN JUNE, WHEN 58-year-old K. Krithivasan took over as the MD and CEO of Tata Consultancy Services (TCS), India’s largest IT major and a subsidiary of Tata Sons, one of the first decisions he took was to rejig the organisation, aligning it with the $2
Business Today3 min read
High Stakes
THERE is nothing more thrilling than an auction where fortunes change hands and treasures find new homes in a whirlwind of bids. It’s not just about acquiring a possession, but a chance to own a piece of history or obtaining something rare. Auctions
Business Today6 min readSmall Business & Entrepreneurs
Road To Recovery
ON NOVEMBER 7, 2023, Honasa Consumer, the parent of beauty and wellness brand Mamaearth, made its debut in the public market, exactly two years after beauty and personal care brand Nykaa’s arrival. Despite the discordant notes in the market, Mamaeart
Business Today1 min readPoverty & Homelessness
Big Numbers
PEOPLE TO BENEFIT FROM THE EXTENSION OF THE SCHEME FOR FIVE YEARS TOTAL EXPENDITURE UNDER THE SCHEME FROM 2020-21 TO 2022-23 ESTIMATED EXPENDITURE BY CENTRE IN 2023 ON FOOD SUBSIDY OF FOODGRAIN ALLOCATED UNDER THE SCHEME FOR 28 MONTHS ■
Business Today2 min read
India’s Most Valuable Companies
Overall ranks are based on average market capitalisation (October 2022 to September 2023). ‘Rank 2022’ is as published in last year’s BT500. Parameter ranks are for within the top 1,000 companies. Ranks have been assigned based on multiple decimals.
Business Today7 min read
The Resilient bt 500
THE SECOND WEEK of October saw something curious happen. The Indian stock markets were in the doldrums after a strong September—both the benchmark S&P BSE Sensex and the Nifty 50 had touched their respective all-time highs that month. But even as the
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