Indian companies slip in international rating; 4 transfer out of Prime-500

LONDON: The upheaval in inventory market has taken a toll on the worldwide rankings of Indian firms, with 14 of them current in a brand new checklist of world’s 500 most valued companies collectively seeing an erosion of about $150 billion of their market worth within the first three months of this 12 months.

Whereas 13 of the 14 current within the newest checklist have taken a dip of their rankings, 4 firms — Mukesh Ambani-led Reliance Petroleum, state-run Indian Oil Corp (IOC), realty main Unitech and housing mortgage large HDFC — have utterly moved out of the league.

The most recent FT International 500 checklist was revealed by the UK enterprise every day Monetary Instances over this weekend, relies on the businesses’ market capitalisation as on March 31, 2008. The earlier rankings have been primarily based on December 2007-end figures.

Reliance Industries, flagship firm of India’s largest company home Mukesh Ambani group, is high ranked eightieth within the newest checklist, topped by the US power large ExxonMobil.

Aside from tobacco-to-consumer items main ITC, ranked 484th, all different Indian firms have seen their rankings decline from the earlier checklist.

Collectively, the market worth of those 14 companies has dropped by about $ 150 billion since December final 12 months and at present stands at about $ 440 billion.

There have been 17 Indian firms within the earlier checklist and had a complete market capitalisation of about $ 590 billion.

Within the country-wise rating primarily based on whole market cap of all their firms current within the checklist, India has been positioned fifteenth. The US is on the high with 169 firms value a complete $ 9.6 trillion, adopted by UK, China, France and Japan.

Different nations ranked forward of India embrace Germany, Canada, Switzerland, Russia, Spain, Brazil, Hong Kong, Italy and Australia.

By way of the variety of firms current within the checklist, India and Russia are collectively ranked ninth after the US (169), the UK (35), Japan (39), France (31), China (25), Canada (24) and Germany (22).

Among the many Indian companies, RIL is adopted by two state-run companies ONGC and NTPC at 148th and 206th positions respectively.

Whereas RIL has slipped 15 positions from its sixty fifth rank within the earlier checklist, ONGC and NTPC have additionally moved down from their one hundred and fifteenth and 163rd ranks beforehand.

Different Indian companies embrace Sunil Mittal-led telecom large Bharti Airtel at 218th (down from 193), realty main DLF at 329th (down from 195) and Anil Ambani-led Reliance Comm at 350th place (down from 252).

Nevertheless, ITC climbed six spots to the 484th place, whilst its market cap fell to $ 19.38 billion from $ 20.8 billion beforehand.

Realty main DLF noticed the steepest market worth fall of $ 40.66 billion, adopted by the nation’s largest personal sector lender ICICI Financial institution with a plunge of $ 38.51 billion and Metal Authority of India ($ 35.46 billion).

RIL, the nation’s most valued agency, noticed its market cap falling by about $ 21 billion, dipping from about $ 105 billion to $ 82 billion within the newest checklist.

Within the international checklist, ExxonMobil has changed China’s PetroChina on the high, whereas US industrial conglomerate GE has retained its third place. Different companies within the high 10 embrace Gazprom, China Cell, Industrial and Business Financial institution of China, Microsoft, AT&T, Royal Dutch Shell and P&G.

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Written by colin


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