HDFC overtakes Adani Group as 3rd largest conglomerate in India

The HDFC Group has overtaken Adani Group to become the third largest business conglomerate in India, as per data analysed by CNBC-TV18. The market capitalisation of HDFC Group hit ₹15.6 lakh crore on Tuesday, which is ₹28,000 crore higher than that of Adani Group. This comes as shares of HDFC Bank rallied 6% from their October lows.