Reliance only Indian firm in highly valued global technology companies list
Billionaire Mukesh Ambani's Reliance Industries is the only Indian firm to have made it to the listing of top 30 publicly traded global technology companies, as per a 340-page report, titled 'Trends - Artificial Intelligence', that delves into the rapid global adoption and transformative impact of AI technologies. The report lists global technology companies by market capitalisation. Top eight slots on the list are occupied by US technology giants - Microsoft, Nvidia, Apple, Amazon, Alphabet, Meta Platforms, Tesla and Broadcom. Taiwan's TSMC is ranked 9th, followed by China's Tencent. Reliance, with a market capitalisation of USD 216 billion, is ranked 23rd, according to the list.
"Over the past 30 years (1995-2025), just five companies remained on the top 30 most highly valued publicly traded global technology companies - Microsoft, Oracle, Cisco, IBM and AT&T," the report said.
It went on to list Reliance alongside the likes of Nvidia, Apple, Amazon, Alphabet, Meta, Tesla, Alibaba, Salesforce and China Mobile as the new entrants.
"In 1995, the USA had 53% (16 of 30) of the most valuable tech companies and 70 per cent (21 of 30) in 2025," it said.
In 1995, Japan had 30% (9 of 30) of top tech companies and zero in 2025. The UK, Singapore, Hong Kong, Mexico and Malaysia had 1 each, but now none are on the list.
"In 2025, new geographic entrants include China with 3, Germany with 2, Taiwan with 1, Netherlands with 1, South Korea with 1 and India with 1," it said.
Taiwan has only one company on the list - TSMC - the company produces 80-90% of the world's most advanced semiconductors and 62% of global semiconductors.
According to the report, India has the most number of
ChatGPT
mobile app users in the world. It accounts for 13.5% of monthly active users of the artificial intelligence (AI)-powered chatbot developed by OpenAI. It is ahead of the USA (8.9%), Indonesia (5.7 %) and Brazil (5.4%). Pakistan has 3% of users.
India also accounts for 6.9% of active global users of Chinese AI app DeepSeek, behind China (33.9%) and Russia (9.2%).
"Artificial intelligence is reshaping the modern landscape at breakneck speed. What began as research has scaled into emerging core infrastructure across industries - powering everything from customer support to software development, scientific discovery, education, and manufacturing," the report said.
AI, it said, is accelerating, touching more domains, and becoming more embedded in how work gets done.
"Catalysing this growth is the global availability of easy-to-use multimodal AI tools (like ChatGPT) on pervasive mobile devices, augmented by a steep decline in inference costs and an explosion in model availability. Both closed and open-source tools are now widely accessible and increasingly capable, enabling solo developers, startups, and enterprises alike to experiment and deploy with minimal friction," it said.
Large tech incumbents are weaving AI deeper into their products - rolling out copilots, assistants, and even agents that reframe how users engage with technology. Whether through embedded intelligence in SaaS or agentic workflows in consumer apps, the interface layer is being rewritten in real time.
On the compute side, investment continues to scale dramatically. Capital expenditures across major cloud providers, chipmakers, and hyperscalers have hit new highs, driven by the race to enable real-time, high-volume inference at scale. The investment is not just in chips, but also in new data centres, networking infrastructure, and energy systems to support growing demand.
"Whether this level of capital expenditure persists remains to be seen, but as AI moves closer to the edge - in vehicles, farms, labs, and homes - distinction between digital and physical infrastructure continues to blur," the report said. PTI
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
42 minutes ago
- Hindustan Times
Trump signs order to double steel, aluminium import tariffs to 50%
New Delhi: A 50% tariff on steel and aluminium imports into the United States went into effect on Wednesday, doubling the previous rate as President Donald Trump cited national security concerns for the dramatic escalation in trade protections. The new tariff rates, increased from an earlier 25% rate, were announced by Trump in a statement on Tuesday. The president claimed legal authority to impose the tariffs through Section 232 of the Trade Expansion Act of 1962, which allows the president to address national security risks arising from imports. 'In my judgement, the increased tariffs will more effectively counter foreign countries that continue to offload low-priced, excess steel and aluminium in the United States market and thereby undercut the competitiveness of the United States steel and aluminium industries,' read Trump's statement released by the White House. Trump said the earlier 25% tariff rates, first announced in February and implemented on March 12, had helped America's steel industry but had not enabled companies to maintain the capacity needed to meet national defence needs. 'I have determined that increasing the previously imposed tariffs will provide greater support to these industries and reduce or eliminate the national security threat posed by imports of steel and aluminium articles and their derivative articles,' Trump said. The tariff increase comes amid broader trade disputes at the World Trade Organisation. Several countries, including India, have formally challenged the US measures, characterising them as 'safeguard measures' that violate WTO rules and threaten retaliatory action. In May, India formally notified the WTO that it viewed America's tariffs on steel and aluminium as safeguard measures and indicated it could suspend 'concessions and other obligations' given to the US and that it retains the right to enforce retaliatory measures. On May 22, America rejected India's characterisation of the tariffs as safeguard measures and refused to engage in talks on the matter. The introduction of tariffs has proven controversial within the US. The America Iron and Steel Institute, an industry group, has welcomed the increased tariffs as a necessary measure to protect domestic producers from cheaper foreign competition. However, manufacturers using steel as input for production have publicly raised concerns that more expensive steel will impact competitiveness across other domestic industries. For India specifically, the consequences are direct and substantial. According to the Global Trade Research Institute (GTRI), a New Delhi-based research group, India exported $4.56 billion worth of iron, steel, and aluminium products to the US in FY2025, with key categories including $587.5 million in iron and steel, $3.1 billion in articles of iron or steel, and $860 million in aluminium and related articles. 'These exports are now exposed to sharply higher US tariffs, threatening the profitability of Indian producers and exporters,' the GTRI said in a brief.
Time of India
43 minutes ago
- Time of India
Tesla sales continue to fall in Europe's largest car market, here's the Chinese EV company hurting Tesla
Tesla sales in Germany , Europe's largest car market, plummeted by 36.2% in May, marking the fifth consecutive month of decline, according to data released by the German Federal Motor Transport Authority (KBA). The agency reported that Tesla registered just 1,210 new vehicles last month, down from the same period a year ago. Despite Tesla's struggles, the overall market for battery electric vehicles (EVs) in Germany surged by 44.9%, driven by strong demand for competitors, notably Chinese automaker BYD. The decline in Tesla's sales extends beyond Germany, with significant drops across other European markets. In France, Tesla's registrations fell by a staggering 67%, while Spain saw a 29% decrease. In Sweden, Tesla's sales dropped 53%, with Volkswagen's new electric model, the ID.7, outselling Tesla's revamped Model Y by nearly two to one. Norway was a notable exception, where Tesla sold 2,600 vehicles—more than triple the previous year's figures—boosted by strong deliveries of the updated Model Y. Chinese EVs are hurting Tesla Meanwhile, Chinese EV giant BYD has been gaining ground in Europe. In Germany, BYD's sales soared ninefold to 1,857 units in May, making it the top-performing Chinese EV brand in the market. This growth comes despite the European Union imposing 17% tariffs on Chinese EVs in 2024. Across Europe, the appetite for electric vehicles remains robust, with Spain reporting a 72% increase in overall EV sales, even as Tesla's figures slid by 19%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Unfriendliest Countries in the World, Ranked TheDaddest Undo Analysts attribute Tesla's declining sales to a combination of factors, including growing competition from Chinese manufacturers and controversy surrounding CEO Elon Musk 's political activities, which have sparked protests among some European consumers. As the EV market continues to expand, Tesla faces mounting pressure to regain its footing in key markets. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
43 minutes ago
- Time of India
After US, Amul launches milk in Spain, EU
Vadodara: After making waves in the United States, home-grown dairy giant Amul has now stepped into Europe, launching its fresh milk products in Spain and the European Union (EU). The Gujarat Co-operative Milk Marketing Federation Limited (Amul Fed) announced a strategic partnership with Spain's premier dairy cooperative, Cooperativa Ganadera del Valle de los Pedroches (COVAP), to bring Amul milk to European shelves. The official launch ceremony was held at the Indian Embassy in Madrid and was attended by dignitaries including Dinesh K Patnaik, India's ambassador to Spain; D Fernando Heredia Noguera, deputy director for International Relations and Community Affairs at the Spanish Ministry of Agriculture, Fisheries and Food; Ricardo Delgado Vizcaíno, president of COVAP and senior executives from Amul. Initially, Amul milk will be available in Madrid and Barcelona, with plans to expand soon to Malaga, Valencia, Alicante, Seville, Córdoba, and even Lisbon in neighbouring Portugal. Looking ahead, Amul aims to spread its presence to Germany, Italy, Switzerland, and beyond. Jayen Mehta, managing director of GCMMF, expressed pride in the collaboration: "Partnering with COVAP, a respected Spanish dairy cooperative, allows us to nourish Spanish consumers with the goodness of Amul milk. This is the first time Amul fresh milk is being launched in Europe and it aligns with Prime Minister Narendra Modi's vision to make Amul a truly global dairy brand." Marking the United Nations' International Year of Cooperatives in 2025, Mehta added, "We are confident that Amul will connect with Indians worldwide and showcase the power of cooperation between dairy cooperatives." Ricardo Delgado Vizcaíno highlighted the mutual benefits: "This partnership helps both COVAP's farmer-members and Indian dairy farmers grow their brands, combining COVAP's technology and high-quality milk with Amul's renowned global reputation." Founded in 1959 in Córdoba, COVAP is a key player in Andalusia's agri-food sector with over 2,000 farmer-members. Its state-of-the-art dairy plant processes more than 400 million litres of milk annually and exports to over 30 countries, including the US, UK, and Asia. Amul, the world's largest farmer-owned dairy cooperative, processes over 12 billion litres of milk annually. With a brand turnover exceeding $11 billion, Amul ranks as the eighth-largest milk processor globally, operating 112 dairy plants across India and handling 42 million litres of milk per day.
