Reliance Industries Hits $318 Billion Market Cap After Jio Debut
· Business · Moneycontrol
Reliance Industries reached a combined market capitalisation of $318 billion following the market debut of its telecommunications unit, Jio. This valuation allows Reliance to surpass global entities such as Netflix, Toyota, and SAP. The milestone follows the strategic scaling of Reliance's digital and retail verticals alongside its traditional energy businesses. The conglomerate's expanded market footprint underlines the growing economic weight of Indian corporate giants on the global stage.
Why it matters
The milestone places an Indian conglomerate among the world's most valuable corporate entities, reflecting the growing scale of the country's domestic market and digital infrastructure.
Read the original report — Moneycontrol
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.