Indian firms slip in global ranking; four move out of Top-500

Indian corporations slip in international rating; 4 transfer out of High-500

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LONDON: The upheaval in inventory market has taken a toll on the worldwide rankings of Indian firms, with 14 of them current in a brand new listing of world’s 500 most valued corporations collectively seeing an erosion of about $150 billion of their market worth within the first three months of this 12 months.

Whereas 13 of the 14 current within the newest listing have taken a dip of their rankings, 4 firms — Mukesh Ambani-led Reliance Petroleum, state-run Indian Oil Corp (IOC), realty main Unitech and housing mortgage large HDFC — have utterly moved out of the league.

The newest FT World 500 listing was revealed by the UK enterprise every day Monetary Occasions over this weekend, is predicated on the businesses’ market capitalisation as on March 31, 2008. The earlier rankings have been primarily based on December 2007-end figures.

Reliance Industries, flagship firm of India’s largest company home Mukesh Ambani group, is high ranked eightieth within the newest listing, topped by the US power large ExxonMobil.

Apart from tobacco-to-consumer items main ITC, ranked 484th, all different Indian firms have seen their rankings decline from the earlier listing.

Collectively, the market worth of those 14 corporations has dropped by about $ 150 billion since December final 12 months and at the moment stands at about $ 440 billion.

There have been 17 Indian firms within the earlier listing and had a complete market capitalisation of about $ 590 billion.

Within the country-wise rating primarily based on whole market cap of all their firms current within the listing, India has been positioned fifteenth. The US is on the high with 169 firms price a complete $ 9.6 trillion, adopted by UK, China, France and Japan.

Different international locations ranked forward of India embody Germany, Canada, Switzerland, Russia, Spain, Brazil, Hong Kong, Italy and Australia.

When it comes to the variety of firms current within the listing, India and Russia are collectively ranked ninth after the US (169), the UK (35), Japan (39), France (31), China (25), Canada (24) and Germany (22).

Among the many Indian corporations, RIL is adopted by two state-run corporations ONGC and NTPC at 148th and 206th positions respectively.

Whereas RIL has slipped 15 positions from its sixty fifth rank within the earlier listing, ONGC and NTPC have additionally moved down from their a hundred and fifteenth and 163rd ranks beforehand.

Different Indian corporations embody Sunil Mittal-led telecom large Bharti Airtel at 218th (down from 193), realty main DLF at 329th (down from 195) and Anil Ambani-led Reliance Comm at 350th place (down from 252).

Nevertheless, ITC climbed six spots to the 484th place, at the same time as its market cap fell to $ 19.38 billion from $ 20.8 billion beforehand.

Realty main DLF noticed the steepest market worth fall of $ 40.66 billion, adopted by the nation’s largest non-public sector lender ICICI Financial institution with a plunge of $ 38.51 billion and Metal Authority of India ($ 35.46 billion).

RIL, the nation’s most valued agency, noticed its market cap falling by about $ 21 billion, dipping from about $ 105 billion to $ 82 billion within the newest listing.

Within the international listing, ExxonMobil has changed China’s PetroChina on the high, whereas US industrial conglomerate GE has retained its third place. Different corporations within the high 10 embody Gazprom, China Cell, Industrial and Business Financial institution of China, Microsoft, AT&T, Royal Dutch Shell and P&G.

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