Jio listing propels Reliance past Tata Group as India's biggest conglomerate

The listing of Jio Platforms has significantly impacted India's corporate rankings, with Reliance Industries regaining the top position. Reliance's market capitalisation rose to approximately ₹30.26 lakh crore, overtaking the Tata Group. Jio's shares closed at ₹1,417.35, reflecting a 26.66% premium over the issue price. This transition highlights the challenges faced by other conglomerates, such as the Tata Group and Mahindra Group.