Saturday, April 11, 2009

47 Indian companes find place in Forbes global 2000 list.

I was glad when I read this , India is really shining - but can shine much better.

In Ambani Bros , big brother leads India with Reliance getting 121st Rank and also makes it to the list of top 200 companies with two other Indian entities, State Bank of India (150) and Oil and Natural Gas Corporation (152), in the list compiled by the US business magazine.

However, five Indian companies - scam-hit IT firm Satyam, realty firm Unitech, Suzlon Energy and two Anil Ambani group firms - Reliance Power and Reliance Capital - have been dropped from the Forbes 'Global 2000 List' this year.

Four Indian companies - Hero Honda Motors, Sun Pharma, Indian Bank and Jindal Steel and Power Ltd - are the new entrants to the list.

The top 10 Indian companies are: Reliance Industries (121), State Bank of India Group (150) Oil & Natural Gas Corporation (152) Indian Oil Corporation (207) NTPC (317), ICICI Bank (329), Tata Steel (463), Bharti Airtel (508), Steel Authority of India (582) and Reliance Communications (689).

This year, China has 91 members, south Korea 61, and India 47. Even Kazakhstan is now a Global 2000 member. Also gaining a significant presence on the Forbes list are corporations from Arab countries: Kuwait, Saudi Arabia and the United Arab Emirates each have at least 10 entries on this year's list.

In total, the Global 2000 companies now account for $32 trillion in revenues, $1.6 trillion in profits, $125 trillion in assets and $20 trillion in market value. Source.

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