Rajesh exports replace ONGC
New York sources have stated that Seven Indian companies figure in the latest Fortune 500 list, released on Thursday, of the world’s biggest companies in terms of revenue and among Indian companies, state-run Indian Oil Corp (IOC) is ranked highest at 161st with revenues of $54.7 billion.
It is stated that ONGC has been replaced by gems and jewellery firm Rajesh Exports, which makes its Fortune 500 debut this year at 423rd position and of the state run firms, IOC is followed by State Bank of India (SBI), Bharat Petroleum and Hindustan Petroleum. Mukesh Ambani led Reliance Industries Ltd (RIL) is the highest ranked, though it has slipped down to 215th position, from 158 last year.
Others in the global top 10 companies are State Grid (second, $329,601 million), China National Petroleum (third, $299,271 million), Sinopec Group (4th, $294,344 million), Royal Dutch Shell (5th, $272,156 million), Exxon Mobil (6th, $246,204 million), Volkswagen (7th, $236,600 million), Toyota Motor (8th, $236,592 million), Apple (9th, $233,715 million) and BP (10th, $225,982 million).