Washington: Five Indian companies including Larsen & Toubro, Hindustan Unilever and Infosys are ranked on Forbes magazine's list of "The World's Most Innovative Companies" topped by four US companies.
Larsen & Toubro with an annual sales growth of 19 per cent is ranked ninth in the world followed by Hindustan Unilever (12) with 11.4 per cent. Infosys (19) comes third with 12.7 per cent growth thanks to what the US business magazine called a lower "innovation premium."
This measures the difference between the value of the company's existing businesses and its expected future innovations. Companies must also have $10 billion in market capitalization and spend at least one per cent of their asset base on research and development.
Tata Consultancy Services (29) with 19.5 per cent was fourth among Indian companies with Sun Pharmaceutical Industries (38) with a 14.6 growth bringing up the rear....
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07:30 PM, Sep 07, 2012
Mumbai: Two Anil Ambani group firms, Reliance Communications and Reliance Infrastructure, will move out of Bombay Stock Exchange's blue chip index Sensex in August. While RCom would be replaced by Sun Pharmaceuticals, RInfra would be substituted by Coal India on the 30-share index. The changes would be effective from August 8, Bombay Stock Exchange (BSE) said in a statement on Friday. Coal India shares have been doing well since the...
10:05 PM, Jun 17, 2011
