Fortune 500 Current Affairs - 2019
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Seven Indian companies have made it to the latest Fortune 500 list of the world’s biggest corporations in terms of revenue.
Fortune 500 list is an annual ranking of the world’s wealthiest companies, compiled and published by the American business magazine Fortune and published globally by Time Inc.
In it companies are ranked by total revenues for their respective fiscal year which has ended on or before March 31, 2015. Revenue figures of companies mainly include their consolidated subsidiaries, reported revenues from the discontinued operations and excluding excise taxes.
- 7 Indian companies are: Indian Oil Corporation (161st), Reliance Industries (215th), Tata Motors (226th), State Bank of India (232nd), Bharat Petroleum (358th), Hindustan Petroleum (367th) and Rajesh Exports (423rd).
- Global top 10 companies: Walmart (1st), State Grid (2nd), China National Petroleum (3rd), Sinopec Group (4th), Royal Dutch Shell (5th), Exxon Mobil (6th), Volkswagen (7th), Toyota Motor (8th), Apple (9th) and BP (10th).
- The world’s 500 largest companies generated collectively generated 27.6 trillion dollars in revenues and 1.5 trillion dollars in profits in 2015.
- Together, 2016 Fortune Global 500 companies employ 67 million people worldwide and are represented by 33 countries.
State-run Indian Oil Corporation (IOC) has emerged as the country’s biggest company in terms of annual revenue as per an annual list of 2015 Fortune 500 companies in India.
IOC topped the list for consecutive sixth year with annual revenue of Rs. 4,51,911 crore. IOC was followed by Mukesh Ambani-led private sector Reliance Industries at the second place with a revenue of Rs. 3,82,565 crore.
Top ten companies are
- Indian Oil Corp (IOC):4,51,911 crore annual revenue.
- Reliance Industries: Rs 3,82,565 crore annual revenue.
- Tata Motors: Rs 2,67,025 crore annual revenue. It has jumped to third slot from fifth place in 2014.
- State Bank of India (SBI): Rs 2,57,289 crore annual revenue. It was ranked sixth in 2014.
- Bharat Petroleum (BPCL): Rs 2,40,367 crore annual revenue. In 2014, it was placed at the third spot.
- Hindustan Petroleum: Rs 2,13,380 crore annual revenue.
- Oil and Natural Gas Corporation (ONGC): Rs 1,65,161 crore annual revenue.
- Tata Steel: Rs 1,41,669 crore annual revenue.
- Hindalco Industries: Rs 1,06,897 crore annual revenue.
- Tata Consultancy Services (TCS): Rs 98,368 crore annual revenue.
- This year’s list of the country’s 500 largest corporations was compiled by the global business magazine Fortune’s Indian edition.
- Total revenue of all firms has grown a mere 2.7 per cent and profits fell by 5.9 per cent compared with 2014.
- In this edition of list there are as many as five energy companies in the top 10. Besides, there are a total of five state-run companies in the top-ten.