Fortune 500 List

LIC breaks into Fortune 500 list, Reliance Industries jumps 51 places

The nation's biggest life insurer with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list.

Reliance slips 59 places on Fortune list, SBI jumps 16 notches

Billionaire Mukesh Ambani's oil-to-telecom conglomerate Reliance Industries Ltd slipped 59 places to rank 155th on the 2021 Fortune Global 500 list released on Monday.

Just 1 % of Fortune 500 companies led by Black chief executives: WEF

Just one per cent of Fortune 500 companies are led by Black chief executives, Managing Director at the World Economic Forum (WEF), Saadia Zahidi said

Split CMD position: Medicine without ailment?

Appointment of a lead independent director might be a better option than mandating separation of the positions of chairperson and MD/CEO

Grow or die: Churn, disruption and agility are key takeaways of the decade

Churn, disruption and agility are the key takeaways of the decade

RIL overtakes IOC as highest ranked Indian company on Fortune 500 list

Mukesh Ambani-led Reliance Industries has jumped 42 places to become the highest-ranking Indian firm on the Fortune Global 500 list. State-owned Indian Oil Corp (IOC) had been the top-ranked Indian company on the list and was first on the Fortune India 500 list which was started in 2010. "This year, ranked 106, Reliance Industries (RIL) has replaced IOC (117) as the top-ranked Indian company on the Global 500 list," Fortune said. RIL's revenue soared 32.1 per cent from USD 62.3 billion in 2018 to USD 82.3 billion in 2019. In comparison, IOC clocked a 17.7 per cent growth in revenue from USD 65.9 billion to USD 77.6 billion. "Over the past 10 years, RIL's revenue rose at a compounded annual growth rate of 7.2 per cent from USD 41.1 billion in 2010, while that of IOC rose at 3.64 per cent from USD 54.3 billion in 2010," it said. Besides, RIL and IOC, Oil & Natural Gas Corp (ONGC), State Bank of India (SBI), Tata Motors, Bharat Petroleum Petroleum Corp Ltd (BPCL) and Rajesh Exports .

In pics: Indian companies featuring on the Fortune 500 list, 2018

Fortune 500 is a ranking of the biggest companies in the world by revenue. Seven Indian companies have made it to the list this year