Reliance crosses ₹4 lakh crore in market cap due to Jio

Mukesh Ambani-led Reliance Industries on Monday crossed ₹4 lakh crore in market capitalisation. The company's stock surged by over 6% in intraday trade to touch a near 9-year high. The gain in Reliance shares comes after telecom operator Reliance Jio announced that it will end free data services and start charging its customers from April 1.