Delhi Police Constable Exam Model Paper 4

Question : 47 of 100

Marks: +1, -0

In Sep 2020, which of the following firms became the first Indian company to surpass

\

$200 billion in market capitalization (m-cap)?

Solution:

Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) became the first Indian company to surpass
$\$ $200 billion in market capitalisation (m-cap).
The RIL share price has gained 170 per cent since mid-March on the back of a surge in investment in its retail and telecom business.
Tata Consultancy Services (TCS) is a distant second with a market cap of Rs 8.75 trillion , or USD 119 billion.
RIL is now the 40th most valuable firm globally, ahead of US entities such as Exxon Mobil, PepsiCo, SAP, and Oracle.
RIL has already raised Rs 1,52,056 crore from mega investments in telecom arm Jio Platforms.

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