Tuesday, March 30, 2004

27 Indian companies among Forbes' 2,000 top global firms

siliconindia: "Twenty-seven Indian companies, including state-run Indian Oil Corporation and tech giant Infosys Technologies, have been included in Forbes' list of 2,000 leading global corporations.

Oil major Indian Oil Corporation topped the list of Indian companies in the survey at a rank of 243 and sales of a whopping $25.26 billion. Public sector State Bank of India (SBI), the country's largest commercial bank, followed at 251 with sales of $10.37 billion.

Besides SBI, eight other Indian banks were included in the Forbes list. They are ICICI Bank, Canara Bank, Punjab National Bank, Bank of India, Bank of Baroda, United Bank of India, Indian Overseas Bank, and Oriental Bank of Commerce.

Reliance Industries, India's largest private sector diversified business conglomerate, has been placed at 303 rank with sales of $9.57 billion and assets of $13.49 billion. Infosys Technologies, India's largest software exporter, and its business rival Wipro are ranked 1,320 and 1,343 respectively.
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