Reliance Industries topples TCS with highest market capitalisation
Mumbai, July 31 : Reliance Industries Ltd (RIL) on Tuesday surpassed Tata Consultancy Services (TCS) in market capitalisation (market-cap) in India.
At 1.08 p.m., the market-cap of Reliance Industries on the BSE stood at around Rs 7.47 lakh crore, against the Rs 7.39 lakh crore worth of market-cap of Tata Consultancy Services.
The rise in market-cap of the RIL came on the back of healthy results for the June-ended quarter, analysts said.
The company on Friday reported a 4.47 per cent rise in net profit at Rs 9,459 crore for the first quarter of 2018-19 on the back of robust growth in its petrochemical business backed by higher realisation in refining.
The share price of RIL on BSE stood at Rs 1,176.35, higher by 26.65 points 2.32 per cent from its previous close.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Excise 'scam': Delhi court extends CM Arvind Kejriwal's judicial custody till May 20
New Delhi (PTI): A Delhi court on Tuesday extended the judicial custody of Chief Minister Arvind Kejriwal in a money-laundering case related to the alleged excise scam till May 20.
Special Judge for CBI and ED Kaveri Baweja extended Kejriwal's custody till May 20 after the Aam Aadmi Party (AAP) leader was produced before the court through a video-conference on the expiry of his custody granted earlier.
The judge also extended the judicial custody of co-accused Chanpreet Singh till May 20.
