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Reliance Industries becomes 1st Indian firm which crosses $200 billion in market value

September 10, 2020 By Shivanee Thote
Image source: Google 

On Thursday, Asia’s richest and the world’s fifth-richest person is none other than Mukesh Ambani, his company Reliance Industries became the first listed company which crosses $200 billion in market capitalization in India.

Aggregate shares of Oil-to-telecom jumped over 8% to create a high record and it is offering to sell a $20 billion stake in Retail to Amazon. TCS is India’s second most valuable company and it’s worth $119 billion.

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News source: Reuters 

Update by Srijita Ghosh

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