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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Pollution: Delhi Transport Department mandates colour-coded fuel for vehicles
New Delhi (PTI): Delhi Transport Department has mandated vehicle owners in the National Capital Territory to affix colour-coded stickers on their vehicles to help identify fuel types to combat rising pollution levels.
According to a public notice issued by the department, the directive is in line with the Supreme Court's order dated August 12, 2018, and subsequent amendments to Rule 50 of the Central Motor Vehicles Rules, 1989.
The vehicle owners in the National Capital Territory (NCT) of Delhi will now be required to install chromium-based hologram stickers, the notice read.
The colour-coded stickers are designed to assist enforcement personnel in visually identifying a vehicle's fuel type during road checks.
The rule applies to both new vehicles, effective from April 1, 2019, and old vehicles, registered before March 31, 2019. Vehicle owners must ensure the stickers are affixed on their windscreens to comply with legal requirements, it said.
Owners of older vehicles are advised to contact their respective vehicle dealers for sticker installation, it read.
Additionally, an online booking facility is available for home installation of High-Security Registration Plates (HSRP) along with the fuel-based colour-coded stickers through the Society of Indian Automobile Manufacturers (SIAM) website or via the Transport Department's portal, the statement said.
Non-compliance will attract penalties under the Motor Vehicles Act and Rules, and vehicle owners are urged to act promptly to avoid prosecution and ensure their vehicles meet the regulatory standards, it added.
The stickers contain details like the registration number, registering authority, a laser-branded PIN, and the engine and chassis numbers of the vehicles.
