Recent list of Fortune 500 has seven Indian firms in it

The latest Fortune 500 list, which counts world's biggest corporations in terms of revenue, has got the name of seven Indian companies in it.

The list is topped by retail giant Walmart, with state-run Indian Oil Corp being ranked the highest-rated Indian firm (161st). Other Indian firms in the list are State Bank of India, Bharat Petroleum and Hindustan Petroleum from the public sector, and Reliance Industries, Tata Motors and Rajesh Exports from the private sector.

State-run firm ONGC was included in the list last year but has moved out of the list for this year, while private gems and jewellery major Rajesh Exports has debuted in the list, grabbing the 423rd position.

Even though Indian Oil is the highest-ranked Indian firm with revenue of USD 54.7 billion, it has slipped several ranks down from its 119th position last year. Similarly, Reliance Industries, the highest-ranked private firm from India, has also slipped down to 215th from last year’s 158th. While Bharat Petroleum is ranked 358th as compared to 280th last year, Hindustan Petroleum is down at 367th from 327th.

Tata Motors and SBI, on the other hand, have improved their ranks in the list, grabbing the 226th (up from 254th last year) and 232nd ranks (up from 260th last year), respectively.

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