Reliance Gives India its Second $100-Billion Firm This Year
- Tata Consultancy Services crossed this milestone in April
- Mukesh Ambani back to being second-richest Asian after rally
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Reliance Industries Ltd. is back in the $100 billion club, a journey that has taken more than a decade.
Shares for the billionaire Mukesh Ambani-helmed company jumped as much as 5.8 percent on Thursday, pushing up the market value to 6.9 trillion rupees. Reliance is the second Indian corporate after Tata Consultancy Services in April surpassed the $100 billion mark. Ambani has regained the second-richest Asian tag, overtaking Tencent Holdings’ CEO Ma Huateng, according to estimates compiled by Bloomberg Billionaires Index.