Reliance 2nd Indian firm to cross ₹5 lakh crore in valuation

Mukesh Ambani-led Reliance Industries today crossed ₹5 lakh crore in market capitalisation for the first time in its trading history, making it the second Indian company to do so after TCS. Reliance stock has become a favourite with investors since April, gaining 16.06%. Notably, Reliance's telecom arm Reliance Jio ended its free services and started charging customers from April 1.