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Gautam Adani’s red-hot streak on Dalal Street continues with his group of companies overtaking the ones under the Tata umbrella to become India’s most valuable conglomerate. At Friday’s close, the market value of all listed stocks of Adani Group stood at Rs 22.27 trillion (about $278 billion), higher than Tata Group’s Rs 20.77 trillion ($260 billion). Mukesh Ambani-led Reliance Group is in third position with market capitalisation (market cap/value) of Rs 17.16 trillion ($220 billion).
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