Thursday, July 22, 2004
8 Indian Cos In BusinessWeek's Global 1000
OUR CORPORATE BUREAU
NEW DELHI, JULY 21: India is slowly establishing its presence in the global corporate club. Eight Indian companies, including three public sector units (PSU), have found a place in BusinessWeek's 2004 rankings of 'The Global 1000' list of the world's most valuable companies.
The ranking based on market capitalisation as on May 31, 2004 indicates no changes in the top 5 - GE leads, followed by Microsoft, Exxon Mobil, Pfizer and Wal-Mart Stores.
The ranking for the eight Indian companies ranges from 260 to 993. At the top of the heap from India is Oil and Natural Gas Corporation (ONGC), ranked 260, while at the bottom lies State Bank of India ranked 993.
The only Indian company to figure among the top ten on any one of four counts - market value, sales, profits and share price gain - is Bharti Tele-Ventures, which is ranked eighth on stock appreciation. The stock of the company registered a gain of 276 per cent over the 12 months ended May 31, 2004.
The market value rankings of the eight Indian companies are: ONGC at 260 (market value of $19,672 million); Reliance Industries at 402 ($13,222 million); Indian Oil Corporation at 638 ($8,606 million); Wipro at 704 ($ 7,812 million); Infosys at 727 ($7,613 million); Hindustan Lever at 816 ($6,642 million); Bharti Tele-Ventures at 948 ($5,653 million) and State Bank of India at 993 ($5,393 million).
© 2004: Indian Express Newspapers (Bombay) Ltd. All rights reserved throughout the world.