Reliance Among Top 100 Companies In The World

Reliance among the top 100 companies in the world, Fortune magazine released the list. Among the other Indian companies in this list, Bharat Petroleum ranked 309th, Tata Motors 337th, and Rajesh Exports 462nd. Reliance Industries, led by billionaire businessman Mukesh Ambani, has jumped 10 places to be among the top 100 companies in the ‘Fortune Global 500’ list.

Fortune magazine released this list on Tuesday. Reliance, which operates in sectors such as oil, petrochemicals, retail, and telecommunications, has been ranked 96th in Fortune’s 2020 Global Companies list.

Reliance is the only Indian company to be included in Fortune’s Top 100 list. Earlier, Reliance was ranked 99th in this list in 2012 but slipped to 215th place in 2016 in subsequent years. However, Reliance’s ranking has steadily improved since then.

The public sector Indian Oil Corporation slipped to the 151st position, slipping 34 points in the ‘Fortune Global 500’. On the other hand, the ranking of Oil and Natural Non-Corporation (ONGC) was 190 places, slipping 30 places over the previous year. The ranking of the country’s largest bank, State Bank of India, improved by 15 and stood at the 221st position.

Other Indian companies to be included in this list were Bharat Petroleum ranked 309th, Tata Motors 337th, and Rajesh Exports 462nd. The ‘Fortune Global 500’ includes companies based on their total income for the previous financial year. In the case of India, companies have been included in this list based on the results of the financial year ended 31 March 2020. Walmart topped the ‘Fortune Global 500’ this year.
meanwhile

The stock market opened with a fall on the third trading day of the week. The Bombay Stock Exchange’s flagship index Sensex fell 238.44 points at 9.19 am to 38,168.57. The National Stock Exchange’s Nifty was at 11,248.80 with a decrease of 73.70 points. Out of 50 stocks of Nifty, 12 stocks were trading in green marks and 38 stocks in red mark.

On Wednesday, shares of all companies opened on the red mark, except SBI, UltraTech Cement, TCS, Wipro, Hero MotoCorp, and Titan. The biggest losers were G Ltd, Axis Bank, Hindalco, Bajaj Finance, JSW Steel, UPL, IndusInd Bank, Tata Steel, Bajaj Finserv, and Tata Steel.