Reliance Elephant House Deal: Reliance s FMCG arm, RCPL, has partnered with Elephant House, owned by Ceylon Cold Stores PLC, to introduce a range of beverages in India, expanding its diverse FMCG portfolio.
Chipmaker Nvidia is the world s fourth largest stock and Wall Street s third after Microsoft ($3 trillion) and Apple ($2.8 trillion). Saudi Aramco is worth about $2 trillion. Nvidia soared more than 16% overnight and added $277 billion to its m-cap in just one day. In dollar terms, Reliance Industries is just about $243 billion.
Reliance Industries, owned by Mukesh Ambani, has become the largest wealth creator on Dalal Street with a market capitalization of Rs 20 lakh crore. It is bigger than American giants like McDonald s, PepsiCo, Netflix, and Accenture. RIL is also the only Indian company among the world s 50 most valuable companies and is also one of the top candidates to become India s first $1 trillion stock.
Reliance Industries share price hit a record high on Friday with its market capitalisation crossing ₹20 lakh crore. Reliance shares rallied as much as 3.4 percent to a fresh high of ₹2,949.90 apiece on the BSE.