Wednesday, January 20, 2021
Home Business News 11 Indian companies in top-500 globally by value, country ranked 10th: Report...

11 Indian companies in top-500 globally by value, country ranked 10th: Report – Times of India


MUMBAI: Total 11 private Indian firms have made it to the list of 500 most valuable companies across the world, and the country is ranked 10th on the chart, as per a report.
The total value of these 11 companies grew 14 per cent and has been pegged at $805 billion or nearly a third of the Indian GDP.
All these companies in the list of non-state enterprises have gained in value during 2020, which was hit by the pandemic, barring tobacco major ITC and second largest private sector lender ICICI Bank, as per the ‘Hurun Global 500’ report.
Mukesh Ambani-led Reliance Industries leads among the local enterprises with a 20.5 per cent jump in valuation to $168.8 billion as of December 1 and is ranked 54th globally, as per the list.
Tata Consultancy Services’ value grew by nearly 30 per cent during the year to take its value to $139 billion, ranking it 73rd globally and making it the second most valuable Indian firm.
The value of HDFC Bank grew 11.5 per cent to $107.5 billion Hindustan Lever ($68.2 billion, gains of 3.3 per cent), Infosys ($66 billion and gains of 56.6 per cent), HDFC Ltd ($56.4 billion, gains of 2.1 per cent) and Kotak Mahindra Bank ($50.6 billion, 16.8 per cent in gains).
ICICI Bank’s overall valuation decreased 0.5 per cent to $45.6 billion, taking it to the 316th spot in overall rankings, while ITC’s value dived 22 per cent to $32.6 billion making it the 480th in the list of 500.
The report said 239 of the non-India headquartered companies have a presence in the country, with a maximum number of them having regional offices in the financial capital.
Of the 11 most valuable companies, seven have their headquarters in the financial capital, followed by one each in Pune, Bengaluru, Kolkata and New Delhi, it said.
The report said the local stock market grew 12 per cent despite the pandemic, which can explain the rise in the valuations.
The list of 500 is led by consumer technology major Apple with a valuation of $2.1 trillion and is followed by Microsoft and Amazon at $1.6 trillion.
The US accounted for nearly half of the enterprises with 242 of the 500 entries, followed by China at 51 and Japan at 30 companies.
From a valuation gains perspective, China led with a 73 per cent increase by its top companies during the year.
Among the state-owned or managed enterprises, largest lender SBI was the only entrant in the list of 45, with its $33 billion valuation ensuring it gets the last rank, as per the report.



Source link

Avatar
Sahilhttp://digitalguruji.org
In this blog our main motive is to provide you all kind of latest information about technology, politics, sports, and health. If you want to read this information then you should have to visit our website. This information will help you to increase your knowledge.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Schools in Haryana to reopen for Classes 6 to 8 from February first week – Times of India

CHANDIGARH: Schools in Haryana will reopen for Classes 6 to 8 from the first week of February, state Education Minister Kanwar Pal said...

47% seats still vacant in Punjab B.Ed. colleges – Times of India

PATIALA: Colleges offering B.Ed. courses in Punjab are facing a crisis with only 52.7% seats of seats filled after the final-round of counselling...

Here’s how Joe Biden plans to roll back Donald Trump’s immigration policies – Times of India

NEW DELHI: US President-elect Joe Biden is set to issue several measures on Wednesday aimed at rolling back some of the...

Coronavirus vaccine: Here’s what you CAN and CANNOT do after getting vaccinated | The Times of India

Vaccines may make life easier, but it's still a long fight before we bid COVID goodbye. Source link

Recent Comments