Which entity recently snatched most-profitable tag from Reliance after 6 years?
A. HDFC Bank
B. ONGC
C. TCS
D. ITC
Answer:C
Which entity recently snatched most-profitable tag from Reliance after 6 years?
A. HDFC Bank B. ONGC C. TCS D. ITC
Explanation: Reliance Industries (RIL) has lost the tag of India's highest profit-making company to Tata Consultancy Services (TCS). At Rs 8,049 crore, TCS’ reported profit after tax (PAT) during the January-March 2020 quarter was ahead of RIL’s reported PAT of Rs. 6,348 crore during the same quarter. RIL reported a sharp 39% year-on-year decline in net profit during the quarter, thanks to inventory losses due to a sharp fall in crude oil prices.