CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which Indian PSU regained market capitalization of Rs 50, 000 crore and entered 100 most valued Indian firms?
A
SAIL
B
BHEL
C
NTPC
D
BEML
Explanation: 

Detailed explanation-1: -The correct answer is SAIL . Steel Authority of India Ltd (SAIL) has regained market capitalization (m-cap) of Rs 50, 000 crore. It has also entered into the league of the top 100 most valued companies in terms of market capitalization.

Detailed explanation-2: -State Bank of India was the leading Indian public sector bank based on market capitalization with nearly 3.7 trillion Indian rupees as of October 2022. Bank of Baroda followed, with Canara Bank ranking third that year.

Detailed explanation-3: -This list was updated on 7th Feb, 2023. With a market cap of ₹1, 563, 887 crores Reliance Industries leads the Indian Industries with the highest market cap.

Detailed explanation-4: -The current total market-cap of the PSU companies is more than Rs. 20 lakh crore. PSUs contribute a good amount of money regularly to the government in the form of dividend, excise duty, custom duty and corporate taxes.

There is 1 question to complete.