RIL market cap hits ₹10 lakh crore, a first for an Indian company

Reliance Industries Limited (RIL) is the first Indian company to cross Rs.10 lakh crore in market capitalization (m-cap). Recently Vodafone India and Bharti Airtel had announced their tariff hike which will be implemented from December 2019. This has increased the share price of RIL in the market and is believed to attract more subscribers for Reliance Jio.

Tata Consultancy Services (TCS), RIL’s closest rival in market capital had a share price of Rs.2,110, 2% lower on BSE and m-cap of Rs.7,71,996.87 crore.

Static/Current Takeaways Important For IBPS SO 2019:

  • Reliance Industries Limited Founded: 8 May 1973.
  • Founder (Reliance Industries Limited): Dhirubhai Ambani.
  • CEO: Mukesh Ambani; Headquarters: Mumbai, Maharashtra.

Source: The Livemint

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