Reliance breaks into top 50 most valued cos globally, ranks 48

New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Ltd has broken into the top 50 most valued companies globally after it became the first company with market capitalisation of over Rs 13 lakh crore.

The oil-to-telecom conglomerate is ranked 48th in market cap globally, according to stock market data.

Globally, Saudi Aramco is the company with the highest market cap of USD 1.7 trillion, followed by Apple, Microsoft, Amazon, and Alphabet.