Fortune 500 List

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Reliance Industries jumps two places on Fortune's Global 500 list

Oil-to-telecom-to-retail conglomerate Reliance Industries Ltd continues to be the highest-ranked Indian firm on the Fortune Global 500 list, jumping two places to be ranked at No.86 in the 2024 ranking. The firm was placed at No.88 in last year's ranking and has gained a whopping 69 places in the last three years - from being placed at No.155 in 2021 to being at No.86 in 2024. Releasing the 2024 list, Fortune on its website said Reliance has been on the 500 list for 21 years now. It had revenues of USD 108.8 billion and a profit of USD 8.4 billion last year. The 2024 ranking has nine Indian firms, five of them from the public sector. Insurance behemoth Life Insurance Corporation of India (LIC) jumped 12 places to be ranked at No.95 on the 2024 list while state-owned Indian Oil Corporation (IOC) slid 22 places to 116. State Bank of India (SBI) soared 57 spots to rank at No.178. Oil and Natural Gas Corporation (ONGC) and Bharat Petroleum Corporation Ltd (BPCL) were ranked at No.180

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Tax havens: What are they, and which are the top tax havens in the world?

In 2016, a report by Citizen for Tax Justice stated that over 370 companies out of Fortune 500 operate subsidiaries in tax haven nations

LIC breaks into Fortune 500 list, Reliance Industries jumps 51 places

The nation's biggest life insurer with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list.

Reliance slips 59 places on Fortune list, SBI jumps 16 notches

Billionaire Mukesh Ambani's oil-to-telecom conglomerate Reliance Industries Ltd slipped 59 places to rank 155th on the 2021 Fortune Global 500 list released on Monday.

Just 1 % of Fortune 500 companies led by Black chief executives: WEF

Just one per cent of Fortune 500 companies are led by Black chief executives, Managing Director at the World Economic Forum (WEF), Saadia Zahidi said

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Grow or die: Churn, disruption and agility are key takeaways of the decade

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RIL overtakes IOC as highest ranked Indian company on Fortune 500 list

Mukesh Ambani-led Reliance Industries has jumped 42 places to become the highest-ranking Indian firm on the Fortune Global 500 list. State-owned Indian Oil Corp (IOC) had been the top-ranked Indian company on the list and was first on the Fortune India 500 list which was started in 2010. "This year, ranked 106, Reliance Industries (RIL) has replaced IOC (117) as the top-ranked Indian company on the Global 500 list," Fortune said. RIL's revenue soared 32.1 per cent from USD 62.3 billion in 2018 to USD 82.3 billion in 2019. In comparison, IOC clocked a 17.7 per cent growth in revenue from USD 65.9 billion to USD 77.6 billion. "Over the past 10 years, RIL's revenue rose at a compounded annual growth rate of 7.2 per cent from USD 41.1 billion in 2010, while that of IOC rose at 3.64 per cent from USD 54.3 billion in 2010," it said. Besides, RIL and IOC, Oil & Natural Gas Corp (ONGC), State Bank of India (SBI), Tata Motors, Bharat Petroleum Petroleum Corp Ltd (BPCL) and Rajesh Exports .

In pics: Indian companies featuring on the Fortune 500 list, 2018

Fortune 500 is a ranking of the biggest companies in the world by revenue. Seven Indian companies have made it to the list this year