Mukesh Ambani's Phone Pricing Helps Reliance Regain No. 2 India Ranking

Reliance Industries Ltd. regained its position as India’s second most-valuable company after its shares posted their biggest advance in eight years. The stock surged 11 per cent at the close on Wednesday, valuing the company at 3.92 trillion rupees ($59 billion), as investors cheered Chairman Mukesh Ambani’s decision to end free data plans at his phone venture from April. HDFC Bank Ltd. on Friday had overtaken Reliance after a 3.7 pe...