<p>Billionaire Mukesh Ambani's Reliance Industries Ltd has broken into the top 50 most valued companies globally after it became the first company with a market capitalisation of over Rs 13 lakh crore.</p>.<p>The oil-to-telecom conglomerate is ranked 48th in market cap globally, according to stock market data.</p>.<p>Globally, Saudi Aramco is the company with the highest market cap of $1.7 trillion, followed by Apple, Microsoft, Amazon, and Alphabet.</p>.<p>Reliance on Thursday closed at Rs 2,060.65 on the BSE, up 2.82 percent over the previous day's close. This gave the firm an m-cap of over Rs 13 lakh crore.</p>.<p>Together with the firm's partly-paid shares that were issued in the recent rights issue and are traded separately, the company had a combined m-cap of Rs 13.5 lakh crore or over USD 181 billion.</p>.<p>No Indian company has ever crossed an m-cap of Rs 13 lakh crore.</p>.<p>This is higher than Chevron's about $170 billion m-cap as well as likes of Oracle, Unilever, Bank of China, BHP Group, Royal Dutch Shell and SoftBank Group.</p>.<p>Reliance is the 10th highest m-cap company in Asia. China's Alibaba Group is ranked 7th globally.</p>.<p>The only other Indian company in the top 100 firms is Tata Consultancy Services. As per its closing price of Rs 2,170.75 on the BSE, TCS has an m-cap of Rs 8.14 lakh crore or about $109 billion. </p>
<p>Billionaire Mukesh Ambani's Reliance Industries Ltd has broken into the top 50 most valued companies globally after it became the first company with a market capitalisation of over Rs 13 lakh crore.</p>.<p>The oil-to-telecom conglomerate is ranked 48th in market cap globally, according to stock market data.</p>.<p>Globally, Saudi Aramco is the company with the highest market cap of $1.7 trillion, followed by Apple, Microsoft, Amazon, and Alphabet.</p>.<p>Reliance on Thursday closed at Rs 2,060.65 on the BSE, up 2.82 percent over the previous day's close. This gave the firm an m-cap of over Rs 13 lakh crore.</p>.<p>Together with the firm's partly-paid shares that were issued in the recent rights issue and are traded separately, the company had a combined m-cap of Rs 13.5 lakh crore or over USD 181 billion.</p>.<p>No Indian company has ever crossed an m-cap of Rs 13 lakh crore.</p>.<p>This is higher than Chevron's about $170 billion m-cap as well as likes of Oracle, Unilever, Bank of China, BHP Group, Royal Dutch Shell and SoftBank Group.</p>.<p>Reliance is the 10th highest m-cap company in Asia. China's Alibaba Group is ranked 7th globally.</p>.<p>The only other Indian company in the top 100 firms is Tata Consultancy Services. As per its closing price of Rs 2,170.75 on the BSE, TCS has an m-cap of Rs 8.14 lakh crore or about $109 billion. </p>