Editor’s note: We’re resending today’s Evening Brief due to a human error on our part that resulted in an older edition being sent out. The error is regretted. India’s biggest conglomerates are growing faster than ever, and increasingly on the public markets. The country’s top 10 business groups by market capitalization have added 20 listed companies since 2021, taking their tally to 105, a Mint analysis shows. That’s as many as they added in the entire decade before. Adani led the surge with eight additions, driven by cement acquisitions, while Reliance added three. The Tata, Birla, Bajaj, Mahindra, and JSW groups chipped in as well. Several more listings are on the way, including from Reliance’s Jio Platforms, Tata Capital, and JSW’s electric car venture. This public-market march contrasts the West, where conglomerates are splitting up. Experts say GST, digital infrastructure, and easy internal capital have turbocharged India’s corporate giants, while smaller firms struggle to scale. For better or worse, India’s economy is being reshaped by the growing heft of a few powerful business houses. Market Watch📊 Markets pause after steady gains! Indian stocks ended nearly flat as buying momentum slowed and market breadth stayed weak. Sensex edged up 🔼 124 points (+0.15%) to 81,548.73 Advances and declines were nearly equal, signalling cautious sentiment. ⚖️📉 Get a headstart on tomorrow’s print edition:Tata aims to roll out India-made chips by mid-2027, but rare-earths crisis could derail plan India ramps up gold reserves faster than peers New highway concession pact to woo private investors likely by month-end Gautam Thakar steps down as CEO of Prosus’ global edtech practice Premium readsMint Explainer: Why are PE investors biting into India's snacks market? NMDC: Riding the wave of rising global prices and strong domestic steel demand CEO have gone from generals to orchestrators, says the head of a leading executive search firm Nuvoco bets on expansion to fuel growth, but has little room for error Mint Explainers:Gen Z protests in Nepal: Is this a movement for structural change? What’s behind Jane Street’s SAT appeal against Sebi in the index manipulation case Sneak a PeekLong Story, a much-loved Mint feature, is published every weekday. Before the next piece hits the stands, here’s your exclusive glimpse into what’s brewing on our desk. Catch the story in the morning edition. How counterfeit currency went from Malda and dark web to Dhule and social mediaSelling counterfeit currency was once restricted to smuggling routes. Not any longer. It is now thriving on social media with the modus operandi similar to selling any other digital product. Sellers post photos and videos and try to convey trust. What happens next? Today in HistoryThe United States suffered the deadliest terrorist attack in its history when hijacked planes struck the Twin Towers of New York’s World Trade Center and the Pentagon near Washington, D.C. Nearly 3,000 people were killed, reshaping global security policies and marking a turning point in modern history. Love a Mint story? Here's how to support it.Do you have a favourite writer at Mint? Every day, we strive to publish stories that need to be told, and your digital subscription makes all the difference. It tells us we’re on the right track and helps us continue delivering the in-depth journalism you rely on. If you’re not yet a subscriber, now’s the perfect time to join! Starting today, many of our staff writers are sharing special, personalized discount coupon codes. So if there's a Mint writer whose work you admire, reach out to them on social media or via email and ask for their unique coupon code! (And if you're already a subscriber, a quick note telling them you appreciate their work would still make their day!) Note: The coupon codes are available only with in-house writers, and not our external columnists. If your request for a code fails, please write to me at siddharth.sharma1@livemint.com. Thanks for reading! Edited by Feroze Jamal. Produced by Shashwat Mohanty. |

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