BREAKING NEWS
Congress to discuss candidates for Amethi, Raebareli seats on Saturday
Lok Sabha 2024: Tribal hamlet of Banjarumale in Belthangady records 100% voter turnout
Lok Sabha Polls 2024: Congress suspends Surat candidate Kumbhani, whose nomination form was rejected
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6 people killed as wedding pandal catches fire in Bihar’s Darbhanga
Frustration driving CM Siddaramaiah to speak against PM: Union Minister Shobha Karandlaje
LS polls 2024: Nearly 13% voter turnout in first 2 hours of polling in Udupi-Chikmagalur Constituency
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Mangaluru: Minor scuffle outside polling station at Capitanio
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Rahul Gandhi to address two public meetings in Karnataka today
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IPL 2024: I’ll sleep better, says Faf du Plessis
IT sleuths threatening raided leaders to claim money belongs to me, Cong: DK Shivakumar
Parliament security breach: Court grants Delhi Police additional time to complete probe
RIL overtakes TCS to become most-valued firm again as shares jump 10 pc
PTI, Mar 25, 2020, 4:34 PM IST
New Delhi: Reliance Industries Limited (RIL) on Wednesday surpassed TCS to become the most valued domestic firm by market capitalisation during morning trade following a spike in its share price.
The company’s scrip zoomed 9.74 per cent to Rs 1,035 on the BSE.
On the NSE, it climbed 9.61 per cent to Rs 1,034.10.
Tracking gains in the share price, the company’s market valuation also rose to Rs 6,49,838.31 crore. With this, the company surpassed Tata Consultancy Services (TCS) to become the most valued domestic firm by market capitalisation.
Meanwhile, there were media reports that Facebook Inc was in talks to buy a stake in the company’s telecom unit, Jio.
The valuation of TCS was at Rs 6,46,460.84 at 12:19 hrs.
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