Seven Indian firms in Fortune 500 list
Seven Indian companies have made it to the latest Fortune 500 list of the world's biggest corporations in terms of revenue. The list is topped by the retail giant Walmart with revenue of $482,130 million, followed by State Grid (revenue of $329,601 million) and China National Petroleum ($299,271 million) at the second and third place respectively. While among Indian firms, Indian Oil Corporation ranked highest at 161st place with revenue of $54.7 billion. However, another state-run firm ONGC has moved out of the rankings for 2016 and private gems and jewelry major Rajesh Exports has made its debut at the 423rd position.
Among the seven Indian companies, four are from the public sector while Reliance Industries (215th) is the top-ranked among private sector firms, followed by Tata Motors (226) and Rajesh Exports. Among state-run majors, Indian Oil is followed by banking behemoth SBI (232), Bharat Petroleum (358) and Hindustan Petroleum (367). As per Fortune, the world's 500 largest companies generated $27.6 trillion in revenues and $1.5 trillion in profits in 2015 and together, this year's Fortune Global 500 companies employ 67 million people worldwide and are represented by 33 countries.
So let's discuss some questions related to this post:
1. Name the country which has topped the list of Fortune 500 in terms of revenue?
2. Total how many Indian companies have made it to the Fortune 500 list and also name the company which has ranked highest among Indian firms?