CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank became the third company in India to achieve $100 billion market capitalization?
A
RBI
B
ICICI
C
HDFC
D
BoB
Explanation: 

Detailed explanation-1: -TCS breached the Rs 3,500 (52.87) per share mark for the first time, reaching 100 billion in market capitalization. By definition, market capitalization is the value of a company that is traded on the stock market, calculated by multiplying the total number of shares by the present share price.

Detailed explanation-2: -The Mukesh Ambani-backed company now becomes the first Indian firm to ever clock an annual revenue of more than a whopping $100 billion. The performance was due to strong growth across the operating business. In FY22, RIL’s annual consolidated revenue stood at ₹792,756 crore ($104.6 billion) rising by 47% yoy.

Detailed explanation-3: -A tech, financial, or fintech companies worth more than $ 100 billion is called Hectocorn. Or there is another name for the company, this corporation is “Super Unicorn".

Detailed explanation-4: -Which Indian company became the first to cross $100 billion in annual revenues in Apr-Mar 22? Mukesh Ambani-led Reliance Industries became the first Indian company to clock revenue of $100 billion in a year.

There is 1 question to complete.