Reliance Industries led by Mukesh Ambani has reaffirmed its position as India’s most valued company with a solid performance in the stock market. This week Reliances market capitalization surged by Rs 66985.25 crore taking its total valuation to Rs 1690328.70 crore. The company emerged as one of the biggest gainers alongside Tata Groups TCS with its shares rising 5.28% between Monday and Friday. On Friday Reliance shares closed at Rs 1246.40 up by Rs 36.80 or 3.04%. This growth came during a strong week for Indian markets with the BSE Sensex climbing 1134.48 points (1.55%) and the NSE Nifty rising 427.8 points (1.93%). The combined market valuation of seven out of the top 10 most valued companies including Reliance increased by Rs 210254.96 crore during the week. Mukesh Ambani’s Net Worth  Mukesh Ambani remains Asia’s richest man with a net worth of $92.2 billion according to Forbes. Ambani who serves as chairman of Reliance Industries leads the company alongside his three children Akash Ambani Isha Ambani and Anant Ambani. The trio joined the Reliance board in 2023 with each managing key business verticals. Akash heads Jio India’s largest telecom operator; Isha oversees the retail and financial services segments; and Anant focuses on the energy business. Reports Of Layoffs Recent reports suggest that Reliance Retail led by Mukesh Ambani and Isha Ambani is planning strategic adjustments which may include job cuts. These changes are part of the company’s efforts to strengthen its operations and maintain its leadership in the competitive retail sector. Reliances Diverse Business Portfolio Reliance Industries has a big business portfolio spanning petrochemicals oil and gas telecom retail media and financial services. The company’s telecom and broadband service Jio continues to dominate the Indian market as the largest telecom operator. (With inputs from PTI)