Fortune Magazine Current Affairs - 2019
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Five Indian-origin persons have featured in Fortune’s 2017 ’40 Under 40′ list of young and influential people in the field of business inspiring others with their work. They are Leo Varadkar (age: 38), Divya Nag (26), Rishi Shah (31), Shradha Agarwal (32) and Leila Janah (31).
Fortune’s annual list of 40 young and influential people is an annual ranking of the most influential young people who are under 40 of age. It has termed them as “disruptors, innovators, rebels and artists” inspiring others.
The Fortune’s 2017 ’40 Under 40′ list has been topped by French President Emmanuel Macron (39) who is France’s youngest leader since Napoleon and had won presidential elections in May 2017.
The list also includes Facebook founder Mark Zuckerberg on the second spot, followed by Brian Chesky (3rd), Nathan Blecharczyk (3rd), Joe Gebbia (4th), Serena Williams (7th) etc.
Leo Varadkar: He was ranked fifth on the list. His father was born in India. He is doctor by profession and is Ireland’s youngest leader in centuries as well first-ever gay to hold the office.
Divya Nag: She was ranked 27th. She oversees Apple’s ambitious ResearchKit and CareKit programmes that encourage developers to build health- related apps She is Stanford dropout founded a stem-cell research startup and began a medical investment accelerator at the age of 23.
Rishi Shah and Shradha Agarwal: They were ranked 38th on the list. They are founders of health-tech firm Outcome Health. Their company raised over US $500 million at a valuation of more than $5 billion.
Leila Janah: She was ranked 40th on the list. She is CEO and founder of non-profit Samasource. She daughter of Indian immigrants who had moved to the US.
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.