Reliance becomes first Indian firm to cross $200 bn market cap

Mukesh Ambani's Reliance Industries has become the first Indian firm to cross the $200 billion market cap. This is about twice the size of the next biggest Indian firm, TCS, which is valued at $119 billion.

RIL's shares surged almost 6% during the day to touch an all-time high of 2,344 on Thursday, as per the NSE data. It has surged nearly 157% since mid-March. The rise in market value of the oil-to-telecom conglomerate is driven by its retail and telecom operations.

In terms of global oil & gas companies, RIL ranks second, after Saudi Aramco.