7 Indian firms in Fortune 500 list, IOC tops, RIL up 55 ranks

August 1, 2018

Mumbai: Seven Indian companies feature in the US magazine Fortune 500 list of the world’s largest firms, with state-run Indian Oil Corp (IOC) remaining the top-ranked Indian company in the 2018 rankings and Reliance Industries Ltd (RIL) improving its position substantially.

American retail giant Walmart tops the latest Fortune listing while Indian Oil jumped to 137th position, from 168th rank last year.

“The world’s 500 largest companies generated $30 trillion in revenues and $1.9 trillion in profits in 2017. Together, this year’s Fortune Global 500 companies employ 67.7 million people worldwide and are represented by 33 countries,” Fortune said.

The Mukesh Ambani-led RIL, whose main oil and gas business has been supplemented with the addition of telecom player Jio, was the top private company from India as its ranking improved by 55 places to 148, from being the 203rd last year.

State-run explorer Oil and Natural Gas Corp (ONGC), which did not figure in the 2017 list, returned among the Forbes 500 with a ranking of 197th.

In the continuing good story for oil companies at a time of rising prices, two Chinese majors — China Petroleum and Chemical Corp (Sinopec) and the China National Petroleum Corp (CNPC) — were at 3 and 4 respectively while Royal Dutch Shell secured the 5th position.

State-run electric utility, State Grid Corp of China, is at second position in the Fortune 500 of 2018.

State-run oil marketer Bharat Petroleum Corp Ltd (BPCL) moved up to 314th position, from 360th last year, while government-owned State Bank of India (SBI) improved one place over last year to be at 216.

Tata Motors improved its ranking to 232, from 247th last year.

Private firm Rajesh Exports was the seventh Indian company on the list at the ranking of 405 as it fell over a hundred spots from 295 last year.

In a separate category of globally most profitable companies topped by Apple, RIL became the most profitable Indian firm with a rank of 99. (IANS)

Jolt to TN BJP: Suspended OBC Morcha leader Tiruchi Suriya quits party

Chennai: In a major setback to the Tamil Nadu BJP, suspended OBC Morcha leader Tiruchi Suriya has resigned from the party. Suriya was suspended from the party on November 22...

Teachers’ scam: 40 more illegal recruits identified, names to be published soon

Kolkata: West Bengal School Service Commission (WBSSC) on Tuesday submitted to the Calcutta High Court 40 additional names who were "wrongly recommended" for teachers' appointment for 9th and 10th standards in...

After iPhones, Apple now plans to shift some iPad production to India

San Francisco: As Apple plans to shift more iPhone production away from China to India, it is now reportedly looking to also move the production of some iPads to India...

State GST team raids 71 districts of UP, 72 places in Noida

Noida: The state GST department has taken action in various places in Uttar Pradesh including Noida on the complaint of loss of revenue by tax evasion. Simultaneous raids are being...

Assam: 14 college students rusticated from hostel for ragging

Silchar: Another case of ragging surfaced at a dental college in Assam's Silchar town where at least 14 students have been rusticated from the hostel by the authority, officials said on...

‘Purpose of charity must not be conversion’, SC on plea against forced conversion

New Delhi: The Supreme Court on Monday reiterated that the issue of forced religious conversion is a "very serious issue" and emphasized that charity is welcome, but the purpose of charity...

WBSSC recruitment scam: Bengal teacher commits suicide

Kolkata : Tumparani Mondal Parua (30), a teacher in a state-run school at Nandigram in West Bengal's East Midnapore district, committed suicide reportedly out of apprehension of her name being...

Sikh woman shot dead outside gas station in Canada

Toronto : In a "targeted" killing, a 21 year-old Canadian-Sikh woman died after being shot multiple times outside a gas station in Mississauga, police said. Pawanpreet Kaur, a resident of...

Fate of eight ex-Indian Navy personnel in Qatar hangs in the balance

Kolkata: While all eyes are on the ongoing football World Cup in Qatar, little is known of the fate of eight ex-Indian Navy personnel imprisoned in that country for over...

54 killed, 252 injured in Myanmar highway crashes in 11 months

Yangon: Fifty-four people were killed and 252 others injured in connection with 152 traffic accidents on Myanmar's Yangon-Mandalay highway in the first 11 months of 2022, the newspaper Myawady reported. In...

Popular Indo-Canadian TikToker dies ‘unexpectedly’ at 21

Toronto, Dec 3 (IANS) Indo-Canadian TikToker Megha Thakur, known for spreading messages of body positivity and self-confidence, passed away "suddenly" and "unexpectedly" last week, an Instagram post by her parents said....

BJP slams Cong for abusing PM Modi

New Delhi: Bharatiya Janata Party (BJP) has slammed the Congress for abusing Prime Minister Narendra Modi. Taking potshots at the Congress, party's National spokesperson Sambit Patra on Saturday said that Congress...

Read Previous

Danish ban on burqa goes into effect

Read Next

PIB cancels accreditation of Muzaffarpur rapes’ main accused

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com