CITY FOCUS | MUMBAI
74 company by 19th century Indian industrialist Jamsetji Tata . It is currently controlled by Tata Sons , a holding company controlled by the voluminous Tata family descended from Jamsetji . The conglomerate has many and varied interests , ranging from cars with Tata Motors to Tata Steel and Tata Power . The company is also well known as the owner of a number of global companies including Jaguar Land Rover .
India ’ s two largest stock exchanges , the National Stock Exchange of India ( NSE ), and the Bombay Stock Exchange ( BSE ) are located in Mumbai . The latter is the oldest , having been founded in 1875 , while the NSE is a more recent invention , founded in 1992 with the express purpose of being a modern , electronic exchange . The two are closely tied in terms of market capitalisation : in 2016 the NSE was worth $ 1.450trn , while the BSE was worth $ 1.482bn .
Mumbai ’ s two exchanges both offer stock market indexes considered important to demonstrating the health of the Indian economy . The NSE ’ s NIFTY 50 and the BSE SENSEX both include the three companies previously
JANUARY 2020