Question: How many Indian companies are mentioned in the recently released 2016 Fortune Global 500 list of the world’s biggest firms?
a) 8
b) 7
c) 11
d) 6
Ans: (b)
Related facts:
- On 21 July 2016 American business magazine Fortune has released the list of 2016 Fortune Global 500 list of the world’s biggest firms.
- The overall list was topped by Walmart with revenue of 482,130 million US dollars, followed by State Grid at Second place and China National Petroleum at the third place.
- Others in the global top 10 companies include Sinopec Group (4th, $294,344 million), Royal Dutch Shell (5th, $272,156 million), Exxon Mobil (6th, $246,204 million), Volkswagen (7th, $236,600 million), Toyota Motor (8th, $236,592 million), Apple (9th, $233,715 million) and BP (10th, $225,982 million).
- The world’s 500 largest companies generated $27.6 trillion in revenues and $1.5 trillion in profits in 2015.
- Seven Indian companies have made it to the latest Fortune 500 list of the world’s biggest corporations in terms of revenue.
- State-run Indian Oil Corp (IOC) ranked highest at 161st with revenues of US $ 54 711 million.
- Second and third biggest Indian firms in revenue were Reliance Industries (RIL) with revenues of US $ 43437 million and Tata Motors Ltd with revenues of US $ 42 092 million with 215th and 226th ranks respectively.
- State Bank of India (SBI) with revenues of US $ 41,681 million India’s largest bank in terms of customer base came fourth after Tata Motors to occupy the 232nd rank.
- Bharat Petroleum Corp Ltd (BPCL) with the revenue of US $ 29,082 million is ranked 358th and Hindustan Petroleum Corp with the revenue of US $ 28 689 million ranked 367th were placed as the fifth and sixth, respectively.
- The surprise entry from India at the seventh position is Bengaluru-based Rajesh Exports at 423rd rank with revenue of US $ 25 224 million, that has replaced ONGC in the list.
Reference:
http://beta.fortune.com/global500
http://beta.fortune.com/fortune500
http://www.business-standard.com/article/companies/7-indian-companies-on-fortune-s-list-116072100447_1.html