 "MUKESH AMBANI")
Mukesh Ambani-led Reliance Industries (RIL) is no longer part of companies belonging to the $100-billion market capitalisation club.
The oil-to-telecom conglomerate’s market value has declined to $96.5 billion (Rs 7.1 trillion) following a sharp drop in its shares on Thursday.
Shares of the company closed at Rs 1,121, down Rs 85, or seven per cent -— the biggest single-day drop since August 24, 2015.
Shares of RIL had first crossed $100 billion in market cap on July 12. The company’s market cap remained above $100 billion for 54 trading sessions.
Currently, Tata Consultancy Services (TCS) is India’s only entry to
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