RIL's market-cap re-enters $100-bn mark; shares hit 52 week high
Mumbai, July 12 : Supported by a surge in share prices, stocks of Reliance Industries hit $100-billion market capitalisation (m-cap) mark on Thursday, for the second time after first reaching the landmark level on October 18, 2007.
At closing, the company's m-cap stood at Rs 685,725.09 crore or $99.98 billion.
The share price of the company on the BSE Sensex surged to a 52-week high of Rs 1,098.80 per share ealier in the day, before settling at Rs 1,082.20, up 45.85 points or 4.42 per cent from its previous close.
"Rallying 14.5 per cent over the past five days, Reliance Industries became the second Indian company (after Tata Consultancy Services) to touch $100 billion market-cap on July 12, 2018," said Deepak Jasani, Head of Retail Research of HDFC Securities.
He further said: "Investors seemed to be enthused by the vision pronounced by the Chairman at the AGM (annual general meeting) of a strategic move to a technology platform company with three key verticals of mobile connectivity, fiber connectivity and new commerce platform for the retail business, even as the traditional businesses of energy and petrochemicals continue to perform quite well."
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Assam: RSS files police complaints against Kharge for 'derogatory' remarks at poll rally
Guwahati (PTI): The RSS on Wednesday said it has filed complaints at two police stations in Assam against Congress president Mallikarjun Kharge for allegedly comparing the ideology of the organisation and the BJP with a 'poisonous snake' at an election rally.
The complaints were filed to seek legal action over alleged ''derogatory, provocative, and communally sensitive statements made during a recent election rally in south Assam, a RSS spokesman said
In the complaints, the Rashtriya Swayamsevak Sangh alleged that the Congress chief had made controversial remarks during an election rally in Nilambazar under the Karimganj South assembly constituency in Sribhumi district.
"If a poisonous snake is moving in front of you while you are offering namaz, you must stop the prayer and rush to kill the poisonous snake first - that is what the Quran prescribes you to do. I tell you that the RSS and BJP are like that same poisonous snake,” Kharge was quoted as saying in the complaints.
The RSS expressed serious concern, claiming that such remarks were "inflammatory in nature and capable of inciting hostility, intimidation, and violence against workers and supporters of the RSS and the BJP".
The complaints pointed out that the statement constitutes a ''corrupt electoral practice under Section 83 of the Representation of the People Act, 1951, and the remarks criminally intimidated the public and promoted enmity between supporters of different political and social groups''.
Describing the ideology of RSS and BJP as “poisonous” and calling for their elimination could encourage "bodily harm against members and supporters of these organisations", the complaints said.
Kharge's remarks attempt to promote ''communal division between Hindu and Muslim communities, potentially disturbing public peace and harmony in Assam and influencing the electoral environment", the RSS said.
The complainants also claimed that such statements might lead to communal tensions or clashes if not addressed promptly by authorities.
The complaints were filed by RSS' North Assam secretary Khagen Saikia at Dispur Police Station and South Assam's secretary Jyotsnamoy Chakraborty at Silchar PS.
The BJP had also filed complaints on the same allegations at the Basishta Police Station here and with the Election Commission on Tuesday.
