Jio Platforms has emerged as India’s second-most valuable company, with a market capitalisation of Rs 12.53 lakh crore following its listing on the stock exchanges on October 28 at Rs 1,358, a premium of 21.3 per cent. Reliance Industries (RIL) has retained the top position with a market capitalisation of Rs 16 lakh crore, according to the rankings as of October 28.

With Jio’s listing , the Reliance group companies – including RIL, Jio Platforms and Jio Financial – now have a combined market capitalisation of Rs 29.90 lakh crore, making it the biggest business group in India, ahead of the Tatas and the Adanis. Jio Financial has a market capitalisation of Rs 1.37 lakh crore.

New pecking order

Bharti Airtel , which held the number two spot until Tuesday, now ranks third with a market capitalisation of Rs 12.18 lakh crore, followed by HDFC Bank at Rs 10.43 lakh crore.…