Friday, May 9, 2014

10 PSUs figure in Forbes’ Global 2000, SBI is top-ranked Indian PSU

AS many as 10 Indian PSUs have made their entry into the Forbes' annual list of the world's 2000 largest and most powerful public companies. India is home to 54 of the world's biggest companies. Reliance Industries, ranked 135 in the list with a market value of $50.9 billion and $72.8 billion in sales as on May 2014, the top-ranked Indian company. India’s biggest public sector...
lender State Bank of India (SBI) which is ranked 155 and has a $23.6 billion market value is the second highest rated Indian entity in the prestigious list. The other Indian PSUs on the list are Oil and Natural Gas (ONGC) ranked 176, Indian Oil (416), Coal India (428), Bank of Baroda (801), Bharat Heavy Electricals Limited (873), GAIL India (955) and Power Grid of India (1011), Bharat Petroleum (1045), Hindustan Petroleum (1211) and Steel Authority of India (1329).
The Forbes 'Global 2000' is a comprehensive list of the world's largest, most powerful public companies, as measured by revenues, profits, assets and market value. China is home to the world's top three biggest public companies and five of the top 10.
The US retains its dominance as the country with the most Global 2000 companies at 564.
This year's Global 2000 companies are from 62 countries, up from 46 in the inaugural 2003 rankings.
In total, they raked in revenues of $38 trillion and profits of $3 trillion, with assets worth $161 trillion and a market value of $44 trillion.
These figures of the 62 countries are higher than a year ago, with the largest growth being in market value (up 13 percent year-over-year).
The firms employ 90 million people worldwide, said the financial magazine.
For the first time in the ranking's 11 years, China is home to the world's three biggest public companies and five of the top 10. State-controlled Chinese bank ICBC holds onto its No 1 spot for a second consecutive year, while China Construction Bank takes second place and Agricultural Bank of China moves up five spots to third. The United States accounted for the other half of the top 10 spots.
Mauritius, Slovakia, and Togo made their debut on the list this year. 

No comments:

Post a Comment