New York: Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine, with Indian Oil and Reliance Industries finding a place in the top 100. Out of the eight, five are state-run entities. With an annual revenue of $86,016 million, Indian Oil has cornered the 83rd spot up from 98th place last year.
Mukesh Ambani-led Reliance Industries is the first Indian private firm to made into the top 100 list. With annual revenue of $76,119 million, RIL, has improved its ranking to 99 from previous year's 134.
Besides IOC and RIL, the other Indian companies in the list are steel-maker Tata Steel, auto company Tata Motors, oil entities Bharat Petroleum, Hindustan Petroleum and Oil & Natural Gas and public sector bank State Bank of India.
The list also features Citigroup, ArcelorMittal, led by people with Indian roots....more
09:08 PM, Jul 09, 2012