RIL becomes 1st Indian co to hit $200 billion mcap

Reliance Industries on Thursday became the first Indian company to cross the $200-billion market capitalisation mark after its stock surged over 8% on the back of reports that global retailing giant Amazon has been offered a $20-billion worth of stake in its retail venture. From being an entity with a market cap of nearly $43 billion a little over five years ago and a pure-play business-to-business entity, RILs market value has risen almost five times as it scaled up its two consumer-focused businesses — telecom and organised retail — during the intervening period.