|
Washington:
As many as 57 Indian companies including Reliance Industries,
State Bank of India and Oil & Natural Gas Corp. figure in The
Forbes Global 2000 list of public companies based on their
rankings for sales, profits, assets and market value.
Reliance with sales of $45.3 billion is ranked 121st in the list
with three public State Bank of India Group (136, $29.1 billion),
Oil & Natural Gas Corp. (172, 22.6 billion) and Indian Oil (243,
$52.1 billion) taking the next three places among the Indian
firms.
Other companies in India's top ten were ICICI Bank (288, $13.2
billion), NTPC (348, $10.8 billion), Coal India (418, $10.4
billion), Bharti Airtel (453, $9.3 billion), Larsen & Toubro (499,
$9.8 billion) and Tata Motors (512, $20.2 billion).
JPMorgan Chase is in the top spot for the second consecutive year
as the world's largest company followed by HSBC, up six spots
fuelled by a 121 percent growth in profits in the past fiscal
year.
In total, the Global 2000 companies now account for $32 trillion
in revenues, $2.4 trillion in profits, $138 trillion in assets and
$38 trillion in market value. These firms also employ 80 million
people worldwide.
The Asia-Pacific region led The Global 2000 again this year with
701 companies, including the most additions (11) to the list of
the regions - Asia-Pacific, Europe, Middle East & Africa-EMEA, the
Americas and the US - with doubled profits, by far the biggest
increase.
The biggest profit centre was China, as 121 companies, including
PetroChina, ICBC and Sinopec, returned an aggregate profit of $168
billion. Japan and South Korea also showed impressive gains in
profits and assets.
With the US economy back on its feet, growing at a steady 3
percent clip over the past 12 months, American firms on The Forbes
Global 2000 are growing far faster. Total sales were up 12 percent
in 2010 over 2009, and profits continue to rise-up 69 percent,
versus 56 percent for the S&P 500.
Still, the US grip on The Global 2000 has been slipping since
2004, when the number of US constituents was 751. It's now 536.
The US still accounts for the most firms among the top 100 with
28.
(Arun Kumar can
be contacted at arun.kumar@ians.in)
|
Comments
|
Quick links