CURRENT AFFAIRS

Detailed explanation-1: -With a market cap of ₹1, 563, 887 crores Reliance Industries leads the Indian Industries with the highest market cap. The multinational conglomerate company is headquartered in Mumbai and engages in a range of businesses in the textiles, telecommunications, retail, natural resources, and petrochemical sectors.

Detailed explanation-2: -With this, SBI has become the third lender in the country to cross the market cap of Rs 5 trillion. HDFC Bank, India’s largest private lender holds first rank in this list, with a market cap of Rs 8.38 trillion, followed by ICICI Bank, which has a market cap of Rs 6.33 trillion, data shows.

Detailed explanation-3: -India’s Market Capitalization: % of GDP-Historical Data If you ask a stock market investor today, which Indian company would be the first to touch the $1 trillion market, the obvious answer would be either Reliance Industries or Tata Consultancy Services (TCS).

Detailed explanation-4: -Hurun’s list of most valuable companies: Mukesh Ambani-led Reliance Industries Ltd is the most valuable listed company amongst the top 500 companies in India, as per Hurun India’s ‘2022 Burgundy Private Hurun India 500’.

Detailed explanation-5: -Tata Consultancy Services (TCS) became the second listed company and the first information technology (IT) company to cross the Rs 13 trillion market capitalisation (market cap) after its stock hit a new high on Tuesday.