TCS Out, Jio In! Reliance Jio’s listing shakes up India’s rich list: IT major crashes out of top 5 as shares tumble 3.5%

Jio Platforms rose 21.36% on its market debut, becoming India’s second-most valuable company and pushing TCS out of the top five for the first time in decades. Reliance Group’s combined market value also overtook the Tata Group, while broader markets fell amid rising oil prices.

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