Wednesday, August 3, 2011

[news] More reliable Tata Group, Ambani behind: Survey

Ratan Tata

Salt to software conglomerate Tata Group has become the nation's most reliable home, businesses, while the two Ambani groups are lagging far behind, a new study released today.

In Equitymaster survey, over 61% of participants voted Tatas as the group most reliable and transparent in terms of their financial reports, while Infosys came a distant second with about 17% of the vote.

In comparison, the groups led by Mukesh and Anil Ambani could reap less than 2% of votes each in the survey, which are classified in the sixth and eighth positions respectively.

The survey ranked as the third group more confidence after HDFC Tata and Infosys, while L & T and TVS group followed in fourth and fifth positions, respectively.

Others in the top-10 includes Mukesh Ambani-led RIL Group (6 th), Aditya Birla Group (7 th), Anil Ambani group (8 º), ICICI Bank (9 th) and Bharti Airtel (10 º).

HDFC had votes 9.1%, 4.3% L & T, TVS group had 2.3%, Mukesh Ambani group 1.6%, Aditya Birla Group 1.3 percent, Anil Ambani group 1, 2%, ICICI Bank 0.9% 1.1% and Bharti Airtel.

The survey was conducted by Equitymaster Agora Research, an independent venture capital firm research is also one of the oldest EquityMaster.Com the website of the country's stock market.

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