Current Affairs - Banking - Discussion

According to Bloomberg data, Deepak Parekh-led HDFC group overtook Tata Group become the country's largest conglomerate in terms of market capitalization. The total market capitalization (MACP) of the group's five listed companies is currently valued at Rs 10.40 lakh crore, which is Rs 1,185 crore more than that of Tata Group. HDFC Bank, a part of the group, is only the third company in Indian corporate history to cross the Rs 5-lakh crore market capitalization threshold, after TCS (Rs 7.16 trillion) and RIL (Rs 7.09 trillion).