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Of the 14 present in the latest list, 13 have reported a drop in their rankings, while four companies – Mukesh Ambani-led Reliance Petroleum, public sector Indian Oil Corp (IOC), realty company Unitech and housing loan giant HDFC – have declined. Your ranking has dropped. Dropped out of the league altogether.
The latest FT Global 500 list was published this weekend by the UK business daily Financial Times, based on the companies’ market capitalization as of March 31, 2008. The previous ranking was based on data at the end of December 2007.
Reliance Industries, the flagship of India’s largest corporate house Mukesh Ambani Group, is ranked 80th in the latest list, with US energy giant ExxonMobil at the top.
Barring tobacco-to-consumer goods major ITC, ranked 484th, all other Indian companies have seen their ranking drop from the previous list.
The market value of these 14 firms has declined by about $150 billion since December last year and is currently at around $440 billion.
There were 17 Indian companies in the previous list and their total market capitalization was around $590 billion.
India has been ranked 15th in the country-wise ranking based on the total market cap of all their companies on the list. The US tops the list with 169 companies totaling $9.6 trillion, followed by the UK, China, France and Japan.
Other countries ahead of India include Germany, Canada, Switzerland, Russia, Spain, Brazil, Hong Kong, Italy and Australia.
In terms of number of companies on the list, India and Russia jointly ranked ninth behind the US (169), UK (35), Japan (39), France (31), China (25), Canada (24) Huh. ) and Germany (22).
Among Indian companies, RIL is followed by two state-owned companies ONGC and NTPC at 148th and 206th positions, respectively.
While RIL has slipped 15 places from its 65th position in the previous list, ONGC and NTPC have also slipped from their 115th and 163rd positions earlier.
Other Indian firms include Sunil Mittal-led telecom company Bharti Airtel at 218th (down 193), realty major DLF at 329th (down 195) and Anil Ambani-led Reliance Com at 350th (down 252).
However, ITC climbed six places to 484th position, while its market capitalization fell to $19.38 billion from $20.8 billion earlier.
Realty major DLF saw the biggest fall in market value of $40.66 billion, followed by the country’s largest private sector lender ICICI Bank at $38.51 billion and Steel Authority of India ($35.46 billion).
The market cap of the country’s most valuable company RIL has dropped by nearly $21 billion to $82 billion from about $105 billion in the latest list.
In the global list, ExxonMobil has replaced China’s PetroChina at the top, while US industrial conglomerate GE retained its third position. Other firms in the top 10 include Gazprom, China Mobile, Industrial and Commercial Bank of China, Microsoft, AT&T, Royal Dutch Shell and P&G.
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