First Indian company to cross $200 billion in market valuation

Indian multinational conglomerate company Reliance Industries Limited became the first listed Indian firm to cross $200 billion in market capitalisation or m-cap.

Daily Current Affairs Quiz 2020

Key-Points

Market capitalization refers to how much a company is worth as determined by the stock market. It is defined as the total market value of all outstanding shares.

Asia’s richest man, Mukesh Ambani is turning his focus toward retail after successfully building India’s top telecom network by customers in less than four years, hoping to take a dominant position as India’s huge consumer market comes of age.

Reliance Retail, with close to 12,000 stores selling a wide range of products, acquired rival Future Group’s retail arm last month.