CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the rank of India with the 20 most valuable companies in the world in the Hurun Global 500 list in 2022?
A
4th
B
3rd
C
5th
D
7th
Explanation: 

Detailed explanation-1: -India now ranks at Number 5 as 20 Indian companies feature in 500 most valuable ones in the world, as per the 2022 Hurun Global list. India rose from the 9th rank to 5th rank with 20 companies featured in the list.

Detailed explanation-2: -As many as twenty Indian companies are now among the 500 most-valued firms in the world, according to the 2022 Hurun Global 500 list, with India improving its position to fifth, up four spots from the previous edition.

Detailed explanation-3: -Out of these 20 companies, 11 are based in Mumbai, four in Ahmedabad and 1 each in Noida, New Delhi, Bengaluru and Kolkata. The USD 202 billion Reliance Industries is the most valuable company in India, followed by Tata Consultancy Services, with USD 139 billion valuation and HDFC Bank having $97 billion valuation.

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: -There are a total of nine Indian companies in the Fortune Global 500 list 2022, including four private sector companies and five public sector companies. Life Insurance Corporation of India is an Indian central public sector undertaking headquartered in Mumbai, Maharashtra, India.

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