Hurun Global 500: Reliance Industries becomes the country's number one company, Chat GPT shows its power

Hurun Global 500: Reliance Industries becomes the country's number one company, Chat GPT shows its power

Most Valued Company: Reliance Industries has once again become the most valuable company of the country. It has left Tata Consultancy Services and HDFC Bank behind. ChatGPT has appeared most prominently in the Hurun Global 500 List 2023. On the basis of Artificial Intelligence Software (AI Software) Chat GPT, companies like Microsoft and Nvidia have registered the highest growth in market cap. However, no Indian company has been able to make it to the top 40 in this list. 

Slipped 10 places from last year 

Hurun Global 500 list was released on Wednesday. In this, 500 non-government companies of the world have been given place. According to this, Reliance Industries continues to dominate among Indian companies. The company has occupied 44th position in terms of market cap of $198 billion. Reliance Industries also became the most valuable company of the country last year. This year the company's net worth declined by 2 percent and slipped 10 places. TCS 5 and HDFC Bank moved up 43 places. /h3>

According to Hurun report, TCS has been ranked 60th and HDFC Bank has been ranked 68th. The net worth of TCS has increased by 14 percent to $ 158 billion. It has come up 5 places compared to last year. On the other hand, due to the merger of HDFC and HDFC Bank, the company gained 43 places and stood at 68th position in the list. Titan Company and Sun Pharmaceutical have made it to this list.

Adani Group suffered big loss 

This year 48 companies have also been out of this list. These include Adani Transmission, Adani Green Energy and Adani Total Gas from India. Overall, India has slipped down one place in this list and has come to number 6. 18 companies of the country have made it to the list.

Open AI included in the list for the first time 

If we include the whole world, for the first time 5 companies have been included in the list, whose market value is more than 1 trillion dollars. These include Apple, Microsoft, Alphabet, Amazon and Nvidia. Hurun Report Chairman Rupert Hoogwerf said that Microsoft's market value was estimated at $ 708 billion and Nvidia's at $ 697 billion. Nvidia's wealth has increased three times compared to last year. This is believed to be the effect of Chat GPT. OpenAI, the owner of Chat GPT, has also come in the list for the first time at number 291 with a market value of $50 billion. Except Taiwan's TSMC, all the companies in the top 10 are American.

 

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