India’s largest conglomerate Tata does everything from IT consulting to car manufacturing. Further proof of its omnipresence came on Thursday with the successful flotation of Tata Technologies. Shares in the first Tata company to go public in almost two decades rose as much as 180 per cent, valuing the group at $7bn.
The Indian stock market is at record highs. Global investors now see the world’s most populous nation as a better proposition than China, where growth is lagging.
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