 "Reliance unlikely to let $1.5 bn penalty hit shareholders")
Mukesh Ambani-led Reliance Industries (RIL) could overtake Tata Group's crown jewel Tata Consultancy Services (TCS) as India's most-valued company as earlier as tomorrow. Currently, the difference in the market capitalisation (m-cap) between the two companies is just 1.1 per cent, or Rs 5,206 crore. With shares of the oil & gas refiner showing strong momentum due to the optimism around its telecom foray, while the outlook for technology stocks dimming due to stronger rupee, market players expect RIL to pip TCS in next few trading sessions.
At Thursday's close, RIL's m-cap stood at Rs 4,67,647 crore, while that of TCS was
