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56 Indian companies among Forbes’ Global 2000 list
Apr 22nd
NEW YORK: As many as 56 Indian companies, including Reliance Industries and State Bank of India, have been named among the world’s 2,000 most powerful listed companies, according to US magazine Forbes.
The ‘Global 2000′ list of the biggest and most powerful companies worldwide has been topped by US banking giant JPMorgan Chase and is followed by General Electric, Bank of America and ExxonMobil.
Among Indian high performers, Mukesh Ambani-led Reliance Industries leads the pack and has been ranked at the 126th place in the global list.
Other Indian companies named in the list include State Bank of India (130), ONGC (155), ICICI Bank (282), Indian Oil (313), NTPC (341), Tata Steel (345), Bharti Airtel (471), Steel Authority of India (502), Larsen & Toubro (548) and HDFC Bank (632).
The global rankings span 62 countries, with the US (515 members) and Japan (210 members) dominating the list as usual, although the number of companies from developing nations in the Global 2000 is fast increasing.
This year, the countries that gained the most ground are mainland China (113 members), India (56 members) and Canada (62 members), the magazine said.
Forbes’ ranking of the world’s biggest companies used an equal weighting of sales, profits, assets and market value to rank companies according to size and this year’s list reveals the dynamism of global business.
“In total, the Global 2000 companies now account for USD 30 trillion in revenues, USD 1.4 trillion in profits, USD 124 trillion in assets and USD 31 trillion in market value. All metrics are down from last year, except for market value, which rose 61 per cent,” Forbes said.
Two companies from the Anil Ambani Group, Reliance Communications (742) and Reliance Infrastructure (1,702), have also made it on the list.
Other Indian companies named on the list include state-owned Punjab National Bank (695), Tata Consultancy Services (741), HDFC (783), Infosys (807), DLF (923) and Hero Honda Motors (1,571).
Mukesh Ambani, Mittal among world’s richest
Mar 11th
WASHINGTON: Indians Mukesh Ambani and Lakshmi Mittal figured among world’s top ten billionaires as Mexican tycoon Carlo Slim Helu beat Americans Bill Gates and Warren Buffett to become the wealthiest person on earth.
Besides fourth ranked Reliance Industries chairman Ambani and fifth placed steel czar Mittal, four other Indians were among top 50 in 2010 Forbes list of the World’s Billionaires released Wednesday with as many 49 Indians joining company with the planet’s 1,011 richest people.
With his fortune swelling to an estimated $53.5 billion, up $18.5 billion in 12 months, Slim surged ahead of Microsoft cofounder Bill Gates, who had held the title of world’s richest 14 of the past 15 years, the US business magazine noted.
Gates, now worth $53 billion, is ranked second in the world. He is up $13 billion from a year ago as shares of Microsoft rose 50 percent in 12 months. Buffett’s fortune jumped $10 billion to $47 billion on rising shares of Berkshire Hathaway. He ranks third.
Eleven countries have at least double the number of billionaires they had a year ago, including China, India, Turkey and South Korea.
Fourth placed Mukesh Ambani with a fortune of $29 billion has global ambitions, Forbes said. So has his younger brother Anil Ambani ranked 36 with a $13.7 billion fortune.
Fifth ranked Lakshmi Mittal with a fortune of $28.7 billion is “looking to expand in his native India; wants to build steel mills in Jharkhad and Orissa but has not received government approval,” Forbes noted describing him as “London’s richest resident” who oversees ArcelorMittal, world’s largest steel maker
Azim Premji with a fortune of $17.0 billion was ranked 28. “Software czar chairs $5.5 billion (revenues) Wipro, country’s third-largest software exporter. Reported jump in net profits in last 2 quarters, signaling a rebound for US-dependent outsourcing giant.”
Shashi & Ravi Ruia brothers took the 40th spot with a fortune of $13.0 billion. Their “$15 billion (revenues) Essar Group has weathered downturn and embarked on an expansion drive in all its businesses, including steel, oil and power.”
Last among the Indians in top 50 was Savitri Jindal, ranked 44th, with a fortune of $12.2 billion. She took over as head of OP Jindal Group after her husband died in a helicopter crash in 2005.
Among other Indians on the billionaires list were Kushal Pal Singh (74), Kumar Birla (86), Sunil Mittal (87), Anil Agarwal (113), Adi Godrej & family (148), Shiv Nadar (201), N.R. Narayana Murthy & family (616), Rahul Bajaj (880) and Vijay Mallya (937).
Original article – Times Of India