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Of the 92 IPOs, 31 were main-board while the remaining 61 were from the small and medium enterprises (SMEs), according to a report published by EY India on Q4CY23s top IPO trends.
Tata Group subsidiaries Air India and TASL are to invest ₹2,300 crore in Karnataka for manufacturing facilities, aiming to create 1,600 direct jobs and 25,000 indirect jobs.
While India's GDP is 11 times bigger than that of Pakistan's economy, Tata Group's market value has outmuscled Pakistan's GDP. The market capitsalition of all listed Tata companies is now at USD 365 billion, beating Pakistan's GDP which has shrunk to USD 341 billion. The growth in Tata companies' market cap in last one year has been driven by Tata Motors, Trent, Titan, TCS, and Tata Power. This doesn't take into account unlisted companies worth a few billion dollars from India's largest business house.
Tata Group recently recorded a market capitalisation of $365 billion, which is more than Rs 3020000 crore, surpassing the GDP of Pakistan, Ukraine, and dozens of other countries.
India's largest business conglomerate boasts a market capitalization of $365 billion or approximately ₹30.3 lakh crore, exceeding the International Monetary Fund's (IMF) estimations of Pakistan's GDP, which stands at approximately $341 billion.