Mukesh Ambani-led Reliance Industries is now the first Indian stock to cross Rs 20 lakh crore market cap

Credit: IndiaTimes- Published on February 13, 2024
Reliance Industries (RIL) becomes the first Indian company to achieve a market capitalization of Rs 20 lakh crore. RIL's stock rose by 1.89% to reach a 52-week high of Rs 2957.80 on the BSE. The market value of RIL has increased by Rs 1 lakh crore in the past two weeks alone.

Video credit: Wibbitz Top Stories
Published on February 14, 2024 -  01:30
Bitcoin Regains $1 Trillion Market Cap
Bitcoin Regains , $1 Trillion Market Cap. On Feb. 14, the cryptocurrency's market capitalization exceeded $1 trillion for the first time since 2021, CNBC reports. . Bitcoin also surpassed the $51,000 level during day trading. It hasn't reached that price since December 2021, CNBC reports. . The price increase comes on the heels of a 150% rally that occurred in 2023. The 2023 rally was in anticipation of the SEC's approval of bitcoin ETFs, which came to fruition in January 2024. However, the cost of bitcoin slumped after the ETF approval, and a new rally kicked off shortly after. That rally is currently happening as investors look toward bitcoin's "halving." . "Halving" is written into bitcoin's code and reduces the supply of the cryptocurrency every four years. The "halving" is set to take place in April. . Just this year, bitcoin is up over 21%.

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Related news from verified sources

Reliance Industries, an oil-to-telecom behemoth, became the first Indian firm to reach Rs 20 lakh crore in market capitalization on Tuesday, thanks to an almost...
on February 13, 2024 • IndiaTimes

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