CURRENT AFFAIRS

2021

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which company has regained its position as the 3rd largest Indian IT services company by market capitalization of Rs. 2.65 trillion?

A	Tata Motors
B	TCS
C	HCL Technologies
D	Wipro

Explanation:

Detailed explanation-1: -The correct answer is Wipro Ltd.

Detailed explanation-2: -HCL Tech’s market worth has risen to overtake Wipro’s by a significant margin (nearly 2.5 lakh crore vs 2.2 lakh crore).

Detailed explanation-3: -HCL Tech has become the third largest IT company in India by revenue, overtaking Wipro. The company has overtaken its competitor in terms of revenue, profits and market capitalisation by a margin, with a market cap of ₹2.5 lakh crore, compared to Wipro’s ₹2.2 lakh crore.

Detailed explanation-4: -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.

There is 1 question to complete.