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

LONDON: The upheaval successful banal marketplace has taken a toll connected the planetary rankings of Indian companies, with 14 of them contiguous successful a caller database of world's 500 astir valued firms unneurotic seeing an erosion of astir $150 cardinal successful their marketplace worth successful the archetypal 3 months of this year.

While 13 of the 14 contiguous successful the latest database person taken a dip successful their rankings, 4 companies -- Mukesh Ambani-led Reliance Petroleum, state-run Indian Oil Corp (IOC), realty large Unitech and lodging indebtedness elephantine HDFC -- person wholly moved retired of the league.

The latest FT Global 500 database was published by the UK concern regular Financial Times implicit this weekend, is based connected the companies' marketplace capitalisation arsenic connected March 31, 2008. The erstwhile rankings were based connected December 2007-end figures.

Reliance Industries, flagship institution of India's biggest firm location Mukesh Ambani group, is apical ranked 80th successful the latest list, topped by the US vigor elephantine ExxonMobil.

Except for tobacco-to-consumer goods large ITC, ranked 484th, each different Indian companies person seen their rankings diminution from the erstwhile list.

Together, the marketplace worth of these 14 firms has dropped by astir $ 150 cardinal since December past twelvemonth and presently stands astatine astir $ 440 billion.

There were 17 Indian companies successful the erstwhile database and had a full marketplace capitalisation of astir $ 590 billion.

In the country-wise ranking based connected full marketplace headdress of each their companies contiguous successful the list, India has been placed 15th. The US is astatine the apical with 169 companies worthy a full $ 9.6 trillion, followed by UK, China, France and Japan.

Other countries ranked up of India see Germany, Canada, Switzerland, Russia, Spain, Brazil, Hong Kong, Italy and Australia.

In presumption of the fig of companies contiguous successful the list, India and Russia are jointly ranked ninth aft the US (169), the UK (35), Japan (39), France (31), China (25), Canada (24) and Germany (22).

Among the Indian firms, RIL is followed by 2 state-run firms ONGC and NTPC astatine 148th and 206th positions respectively.

While RIL has slipped 15 positions from its 65th fertile successful the erstwhile list, ONGC and NTPC person besides moved down from their 115th and 163rd ranks previously.

Other Indian firms see Sunil Mittal-led telecom elephantine Bharti Airtel astatine 218th (down from 193), realty large DLF astatine 329th (down from 195) and Anil Ambani-led Reliance Comm astatine 350th presumption (down from 252).

However, ITC climbed six spots to the 484th place, adjacent arsenic its marketplace headdress fell to $ 19.38 cardinal from $ 20.8 cardinal previously.

Realty large DLF saw the steepest marketplace worth autumn of $ 40.66 billion, followed by the country's biggest backstage assemblage lender ICICI Bank with a plunge of $ 38.51 cardinal and Steel Authority of India ($ 35.46 billion).

RIL, the country's astir valued firm, saw its marketplace headdress falling by astir $ 21 billion, dipping from astir $ 105 cardinal to $ 82 cardinal successful the latest list.

In the planetary list, ExxonMobil has replaced China's PetroChina astatine the top, portion US concern conglomerate GE has retained its 3rd position. Other firms successful the apical 10 see Gazprom, China Mobile, Industrial and Commercial Bank of China, Microsoft, AT&T, Royal Dutch Shell and P&G.