Which company becomes first Indian technology company to achieve the $100 billion market capitalization mark?
A. Infosys
B. TCS
C. SBI
D. ONGC
Answer:B
Which company becomes first Indian technology company to achieve the $100 billion market capitalization mark?
A. Infosys B. TCS C. SBI D. ONGC
Explanation: Tata Consultancy Services (TCS) became first Indian technology company to achieve the $100 billion market capitalization mark on 23 April 2018. On this day TCS’ share price grew by 4 per cent to Rs. 3,541, pushing the market capitalisation of India's biggest outsourcer to Rs. 6,78,002 crore. Earlier the company had posted its biggest-ever net profit of Rs. 6,904 crore in the 4th quarter on 19 April 2018. It is worth mentioning that Mukesh Ambani-led Reliance Industries Limited (RIL) became India’s first $100 billion m-cap company way back in 2008. Its preset m-cap is below $90 billion mark. Thus TCS is the second Indian corporate company to achieve $100 billion m-cap.