CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which has became India’s first retail company to cross Rs.1 lakh crore annual revenue milestones?
A
Future Group
B
Reliance Retail
C
Aditya Birla Retail
D
Avenue Supermarts Ltd
Explanation: 

Detailed explanation-1: -Reliance is one of the most profitable companies in India, the largest publicly traded companies in India by market capitalisation, and the largest company in India as measured by revenue. It is also the one of the largest employers in India with over 300,000 employees in the world.

Detailed explanation-2: -Reliance Industries (RIL) touches on a new milestone in the fourth quarter results for FY22. The Mukesh Ambani-backed company now becomes the first Indian firm to ever clock an annual revenue of more than a whopping $100 billion.

Detailed explanation-3: -Revenue rose to Rs 22,993 crore in October-December 2022 from Rs 19,347 crore a year back. The retail arm of Reliance Industries reported a 6.24% increase in its net profit to Rs 2,400 crore for the December 2022 quarter.

Detailed explanation-4: -Reliance Industries is the first Indian company to hit the ₹10 lakh crore mark in market capitalization. The second most valued firm on the stock exchanges, Tata Consultancy Services has a market cap of Rs 7.81 lakh crore.

There is 1 question to complete.