Reliance becomes 1st Indian firm to cross $200 bn in market value

Asia's richest man Mukesh Ambani's Reliance Industries on Thursday became the first listed Indian company to cross $200 billion in market capitalisation. Shares of the oil-to-telecom conglomerate surged over 8% to a record high after Bloomberg reported that it's offering to sell a $20 billion stake in Reliance Retail to Amazon. India's second-most valuable company TCS is worth $119 billion.