INSUBCONTINENT EXCLUSIVE:
Reliance is the second Indian corporate after TCS in April surpassed the $100 billion value mark.Reliance Industries Ltd
is back in the $100 billion club, a journey that has taken more than a decade.Shares for the billionaire Mukesh Ambani-helmed company jumped
as much as 5.8 per cent on Thursday, sending the market value to Rs 6.9 lakh crore
Reliance is the second Indian corporate after Tata Consultancy Services in April surpassed the $100 billion value mark."It is a big deal,"
said Sunil Sharma, who oversees $1 billion of assets as chief investment officer at Sanctum Wealth Management Pvt
"Indian companies sporting large market caps is an announcement of the nation's emergence and entry into the big leagues."(Reliance
is back in the $100 billion club.)Reliance is on the cusp of transformation as it hopes to get as much as half of its revenue from the newer
consumer businesses and reducing its dependence on the traditional oil-refining and petrochemical segments.Ambani, while addressing
shareholders earlier this month, laid out an ambitious e-commerce road map that would draw on group's retail and telecom units to take on
the likes on Amazon.com Inc
and Walmart Inc."Big Indian companies are demonstrating bigger innovation and ambition, precisely what is needed to take on the large US
