Monday, June 8, 2009

Ten Indian companies make it to FT Top 500

Ten Indian companies are listed among Financial Time's top 500 global companies for 2009, in terms of market capitalization. The list was led by American energy giant ExxonMobil, followed by the oil major PetroChina and U.S. retailer Wal-Mart at the second and third positions respectively.

Reliance Industries is the only Indian company which has been listed among the top 100, taking the 75th place with a market capitalization of $47.25 billion. Last year, the company occupied the 80th position in the list. The companies were ranked by market capitalization, the greater the stock market value of a company, the higher it's ranking. Market capitalization is the share price as on March 31, 2009 multiplied by the number of shares issued.

Other Indian firms featuring in the list are Oil & Natural Gas (ONGC) (120th rank), National Thermal Power (NTPC) (138), Bharti Airtel (188), Infosys (330), Bharat Heavy Electricals (BHEL) (345), ITC (362), State Bank of India (372), Tata Consultancy Services (483) and Hindustan Unilever (495).

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