Jio IPO pushes TCS out of India’s top 5 most valuable firms

Jio Platforms' strong market debut has pushed Tata Consultancy Services (TCS) out of India's top five most valuable companies for the first time in decades. Jio's market capitalisation reached ₹12.6 lakh crore after its shares rose 21.4% above the IPO price, making it India's second-most valuable firm. TCS fell to sixth place with a market value of ₹8.76 lakh crore.