Mukesh Ambani hits JACKPOT, earns Rs 307863800000 in just 5 days due to..., net worth surges to Rs...
In a major boost for billionaire Mukesh Ambani, Asia's richest man, his Reliance Industries emerged as the biggest gainer in the stock market last week, adding a staggering Rs 30,786.38 crore to its market cap, which now stands at Rs 19,53,480.09 crore. As per market data, nine of India's top-10 most valued firms added a combined Rs 1,00,850.96 crore in market valuation last week, with Reliance Industries and HDFC Bank emerging as show-stealers with maximum gain, in line with an optimistic trend in equities.
Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India, Bajaj Finance, and Hindustan Unilever Ltd were the gainers, while Tata Group's Tata Consultancy Services (TCS) — India's largest IT services exporter– was the only laggard among the top-10 firms. 9 of top-10 firms witness mcap surge, TCS only laggard
The market capitalisation (mcap) of Reliance Industries jumped Rs 30,786.38 crore to Rs 19,53,480.09 crore, while HDFC Bank's valuation surged Rs 26,668.23 crore to Rs 15,15,853.85 crore. Bajaj Finance added Rs 12,322.96 crore taking its valuation to Rs 5,82,469.45 crore, Hindustan Unilever's mcap zoomed Rs 9,280.89 crore to Rs 5,61,282.11 crore, while the valuation of Bharti Airtel climbed Rs 7,127.63 crore to Rs 10,65,894.55 crore, and that of Life Insurance Corporation of India (LIC) advanced Rs 3,953.12 crore to Rs 6,07,073.28 crore.
Narayana Murthy-led Infosys added Rs 519.27 crore to its mcap, which stood at Rs 6,49,739.73 crore, and the market cap of State Bank of India (SBI) went up Rs 401.61 crore to Rs 7,25,437.74 crore.
However, TCS emerged as the only laggard among the top-10 firms, losing Rs 28,510.53 crore of its valuation, which currently stands at Rs 12,24,975.89 crore.
Mukesh Ambani-led Reliance Industries retained the coveted title of India's the most-valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance, and Hindustan Unilever. Mukesh Ambani net worth
Meanwhile, owing to the stellar performance of Reliance Industries at the stock market, the net worth of Mukesh Ambani, who leads the oil-to-telecom conglomerate as its Chairman, surged to $109.2 billion as of June 8, 2025, according to Forbes Real Time Billionaires List.
Mukesh Ambani is the richest man in India and all of Asia, and 16th wealthiest globally, as per Forbes.
(With PTI inputs)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
29 minutes ago
- Business Standard
'India's Deng Xiaoping': Andhra Pradesh CM Naidu on Rao's reforms
Describing former Prime Minister (PM) P V Narasimha Rao as 'India's Deng Xiaoping', Andhra Pradesh Chief Minister (CM) N Chandrababu Naidu on Tuesday said the economic reforms unveiled by the Rao-led minority government in 1991 were the reason India's coalition governments delivered better results than those with clear majorities. The Andhra CM is on a two-day visit to the national capital, where he is scheduled to meet PM Narendra Modi, Finance Minister Nirmala Sitharaman, and others. He met Union Home Minister Amit Shah on Tuesday. In his meetings with the PM and Union ministers, Naidu will seek the Centre's support for projects in his state, release of pending funds, the Polavaram–Banakacherla river-linking project, and issues related to the Mahatma Gandhi National Rural Employment Guarantee Scheme, Telugu Desam Party (TDP) sources said. On Tuesday evening, Naidu delivered a lecture on 'The Life and Legacy of P V Narasimha Rao' at the Prime Ministers Museum and Library (PMML) in the national capital. His lecture was the sixth in the PMML-organised Prime Ministers Lecture Series. He described Rao as a 'true Telugu bidda', or Telugu son of the soil, who 'reshaped the destiny' of India, and said the Telugu community is proud of his contributions. Rao, who passed away in December 2004, was posthumously awarded the Bharat Ratna in 2024. Referring to the recent controversy over some states accusing the Centre of imposing Hindi, Naidu said Rao had mastered 17 languages and serves as an inspiration in the current context. The Andhra CM said Rao, despite leading a minority government, accomplished the near-impossible task of forging consensus on economic reforms among socialists, communists, and capitalists alike. Naidu credited Rao's prime ministerial tenure, and subsequently that of Atal Bihari Vajpayee, for India's first-mover advantage in the information technology sector and for building world-class infrastructure, especially in roads and telecommunications. Naidu said that in 1978, when Deng launched China's economic reforms, both India and China were $140 billion economies, while the US economy was 15x larger at $2.3 trillion. Now, the US economy is only 1.5x bigger than China's, and more than 7x bigger than India's. 'They (China) are catching up (with the US). We are behind,' Naidu said, stressing that the journey from being the world's fourth- or third-largest economy to one of the top two will be much more challenging. Naidu said 2014 was a turning point in India's growth story, with the country getting Modi as PM, who has 'ushered in a new era of bold and decisive leadership'. He said the goal is not just to grow fast, but to grow fairly, where every citizen, every region, and every sector shares the fruit of progress. Citing World Bank data, he said India is among the top four most income-equal countries but stressed that the country still needs to become more equitable. He urged the top 10 per cent of India's wealthy to uplift the bottom 20 per cent, appealing to them to follow tech billionaire Bill Gates' example and 'give back to society'. On his vision for Andhra, Naidu spoke about his government's Quantum Valley initiative in Amaravati. He urged youth to join politics and said the TDP's parliamentary party is the youngest in the Lok Sabha. He also noted that TDP's representative in the Union Cabinet, Civil Aviation Minister K Ram Mohan Naidu, is the youngest minister at the Centre. During his visit to Delhi, Naidu and Telangana CM A Revanth Reddy are also scheduled to attend a meeting on water issues being facilitated by the Centre on Wednesday. The Telangana government is expected to press the Centre to grant approvals and funds for its long-pending projects. It had earlier conveyed its objection to the Centre regarding Andhra's Banakacherla river-linking project, saying that it hurts Telangana's interests.
The Hindu
34 minutes ago
- The Hindu
95 firms propose to invest ₹1 lakh crore in Andhra Pradesh, says Lokesh
Minister for HRD, IT and Electronics Nara Lokesh on Tuesday said 95 leading companies had so far proposed investments to the tune of ₹1 lakh crore in the State's IT, electronics, global capability centres (GCC) and data centre sectors. Addressing a review meeting with officials of IT, Electronics and Real Time Governance Society (RGTS) at his residence in Undavalli, the Minister said that the authorities should expedite issue of necessary permissions and facilitate infrastructure so that these firms can quickly establish their operations. He urged them to work towards generating 10 lakh jobs over the next four years through expansion of IT, electronics, data centres and GCCs. Responding to the information given by the officials that the land allotment process to companies like TCS and Congnizant in Visakhapatnam had been completed, Mr. Lokesh directed them to ensure swift commencement of their operations. Referring to his recent visit to Bengaluru, where he signed MoUs with ANSR and Sattva Groups, the Minister said that their projects in Andhra Pradesh would create 35,000 jobs. He also wanted the officials to create co-working spaces across the 26 district centres for small enterprises coming to the State. He said the proposed Ratan Tata Innovation Hub, which is being developed to foster modern innovation and to promote startups in the State, would be inaugurated soon and asked the officials to take necessary steps to establish regional spoke centres in Visakhapatnam, Rajamahendravaram, Vijayawada, Tirupati and Anantapur. He said that in alignment with the Amaravati Quantum Valley, partnerships with companies like TCS, L&T and IBM had already been formed and the officials should finalise essential infrastructure for the partners. Referring to the proposed 'Drone City' project at Orvakal in Kurnool district, spanning 400 acres in the coming year, Mr. Lokesh instructed the officials to create an ecosystem to support it. He also wanted wide promotion to the 'Mana Mitra' WhatsApp governance services launched by the government. He said that out of the total 702 State services, 535 of them were currently being offered through 'Mana Mitra' app. He said steps should be taken to ensure internet connectivity in all the 45,000 government schools and uninterrupted phone connectivity at airports in Visakhapatnam, Vijayawada, Tirupati and Rajamahendravaram.
Time of India
35 minutes ago
- Time of India
For the first time, Nashik civic body to start stray cat sterilisation & vaccination
Nashik: The civic body has launched a programme to sterilise stray cats in the city for the first time. The Nashik Municipal Corporation (NMC) administration invited tenders from agencies and contractors registered with the Animal Welfare Board of India to catch, sterilise, and vaccinate stray cats against rabies. Currently, the civic body captures stray dogs and sterilises them through private agencies, with approximately 800 stray dogs sterilised each month. Over the past nine years, around 80,000 dogs were sterilised by the NMC administration through appointed agencies. The teams respond to complaints about stray dogs, excluding those already sterilised. After the procedure, the dogs were returned to their original locations. Last month, the NMC general body approved the civic administration's proposal for the sterilisation and vaccination of stray cats. This action aligns with the Prevention of Cruelty to Animals Act, 1960, and the Animal Birth Control (dogs) Rules, 2022, which mandate control of the stray cat population. State govt had previously issued relevant guidelines through a circular. NMC officials said they have floated the bid for the sterilisation of stray cats and their vaccinations against rabies. The last date for bid submission is July 29. The appointed agency for cat sterilisation will be required to establish necessary facilities, including an operation theatre, a dedicated cat ward, and essential utilities such as water and electricity. The initial contract period is set for one year, with an estimated cost of Rs 20 lakh, funded under the stray animal sterilisation budget. NMC has allocated Rs 3.5 crore in its budget for the financial year 2025-26.
