BANKING AND ECONOMY
Mukesh Ambani's Reliance Industries Ltd placed at number 53 on Forbes' latest Global 2000 list of public companies worldwide. Reliance is followed by State Bank of India at No. 105, HDFC Bank at No. 153, and ICICI Bank at No. 204.
Forbes 2000 ranks the largest companies in the world using four metrics: sales, profits, assets, and market value. Reliance, which recorded sales of USD 104.6 billion between April 2021 and March 2022, became the first Indian company to generate over USD 100 billion in annual revenue.
Other top 10 Indian firms on the list include state-owned Oil and Natural Gas Corporation (ONGC) at 228 ranks, Housing Development Finance Corporation Ltd (HDFC) at No. 268, Indian Oil Corporation (IOC) at No.357, Tata Consultancy Services Ltd (TCS) at No. 384, Tata Steel at No. 407 and Axis Bank at No. 431.
Adani Enterprise is ranked at No. 1,453 on the Forbes list, Adani Ports & Special Economic Zone at No. 1,568, Adani Green Energy at 1,570, Adani Transmission at No. 1,705, and Adani Total Gas at 1,746.
Oil, gas, and metal conglomerate Vedanta Limited jumped 703 spots on the list, the highest leap among all Indian companies due to a rise in its profits.