Which company has become the first listed Indian IT firm to hit $100 billion market capitalisation (m-cap)?
Q. Which company has become the first listed Indian IT firm to hit $100 billion market capitalisation (m-cap)?
Answer: TCS
Notes: Tata Consultancy Services (TCS) has created history by becoming the first listed Indian IT company to hit the $100 billion market capitalisation (m-cap) mark. On April 23, 2018, the market value of the company stood at Rs 6.53 lakh crore. TCS breached the Rs 3,500 ($52.87) per share mark for the first time, reaching $100 billion in market capitalisation. By definition, market capitalisation is the value of a company that is traded on the stock market, calculated by multiplying the total number of shares by the present share price.

 

This question is part of Current Affairs Daily 20 MCQ Series Course on GKToday Android app.