RIL becomes first Indian company to hit Rs 9 lakh crore in market cap
Oil-to-telecom major Reliance Industries (RIL) on Friday became the first company in India to hit the market capitalisation of Rs 9 lakh crore. RIL was also the first company to reach Rs 8 lakh crore mark in August last year. The market-cap of Mukesh Ambani-led company stood at Rs 9.03 crore when the stock traded at Rs 1,428, up 2 per cent at 10.45 hours (IST) on Friday ahead of its September quarter earnings due later in the day. IT giant TCS, which has seen some selling lately, was at a distant second with a market-cap of Rs 7.66 lakh crore.