Current Affairs

RIL became 1st Indian Company to hit Rs 9 lakh crore m-cap mark

Current context: The Reliance Industries Limited (RIL) become the first Indian company to cross the Rs 9 lakh crore of market capitalization.
RIL became 1st Indian Company to hit Rs 9 lakh crore m-cap mark
  • The RIL shares rose nearly 2% in Friday trading session to hit Rs1,423 whereas, India’s benchmark Sensex Index rose 0.5% or 200 points to hit 39,252 points.
  • According to Bank of America Merrill Lynch RIL can become the first Indian company to achieve a market capitalisation of $200 billion in the next two years.
  • After RIL, Tata Consultancy Services (TCS) is India's second most valued firm in India with market capitalization of Rs 7,69,483 crore.
  • RIL was also the first company to reach Rs 8 lakh crore mark in August 2018 and hit the $100 billion mark in market-cap in 2007.

Question: 

Q.1 Which Indian company has recently crossed Rs 9 lakh crore of market capitalization?
a. Reliance Industries Limited (RIL)
b. Tata Consultancy Services (TCS)
c. ITC Limited
d. State Bank of India
RIL became 1st Indian Company to hit Rs 9 lakh crore m-cap mark RIL became 1st Indian Company to hit Rs 9 lakh crore m-cap mark Reviewed by Neha Verma on October 18, 2019 Rating: 5

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