Current Affairs - Business - Discussion

Discussion :: Business - Latest Current Affairs (Q.No.311)


Which has became India's first retail company to cross Rs.1 lakh crore annual revenue milestones?

[A]. Future Group
[B]. Reliance Retail
[C]. Aditya Birla Retail
[D]. Avenue Supermarts Ltd

Answer: Option B


The retail arm of the Mukesh Ambani-led Reliance Industries became India's first retail company to cross the Rs.1 lakh crore annual revenue.The revenue for 2018-19 is Rs. 1.3 lakh crore, which is 89% more from the previous fiscal.The company added 2,829 stores during the financial year, taking the total to 10,415 stores and the profit of pre-tax business jumped 77.1 percent to record Rs 1,923 crore.

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