TCS overtakes RIL as country's most valued co

Billionaire Mukesh Ambani-led Reliance Industries lost its position of the country's most valued company to the IT giantTCS, part of the salt-to-software conglomerate Tata group. As the share price of Reliance Industries Ltd(RIL) fell by 2.81 per cent to a multi-year low of Rs 692.90 today, the company's market valuation slipped to Rs 2,26,886 crore -- a shade below Tata Consultancy Services' Rs 2,27,282 crore.Consequently, RIL lost its long-held position (except for a brief period in August this year) of the country's largest company in terms of market valuation.In comparison to RIL's performance, TCSshares ended with a modest loss of 0.35 per cent at Rs 1161.25 and were earlier seen trading with a modest gain for most part of the trading session -- incidentally the last for 2011. For more click below



TCS overtakes RIL