New York: The India story has just got stronger on the global arena with the country expanding its presence on the elite list of Fortune Global 500 companies, as the PSU banking major State Bank of India has become the sixth domestic firm to feature in the league.
Besides SBI's grand entry to the list, all five current incumbents – Reliance Industries, Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation Ltd and Oil and Natural Gas Corp – have scaled up the ranking on the list of world's biggest 500 companies.
The US-based energy giant ExxonMobil tops the list of Fortune Global 500 companies, which would be published in the August issue of the CNN-Time Warner group magazine that hits the news stands on July 24.
Among the six Indian companies on the list, IOC holds the top rank at 153rd position, followed by RIL at 342th rank, BPCL at 368, HPCL at 378th, ONGC at 402nd and the new entry SBI has been placed at 498th rank.
RIL has scaled up 75 ranks on the list from the previous year, while IOC has gained 17 positions, BPCL has jumped 61 ranks, HPCL has moved up 58 positions and ONGC has scaled up 52 positions. RIL figures among the top 25 climbers on the list.
There are 42 new arrivals on the list with SBI being the single new entry from India. The US leads the pack in terms of home to global giants with 170 Global 500 companies headquartered there. However, India and China are gaining ground, the magazine said.
In terms of cities, Tokyo leads the pack with as many as 52 Fortune 500 companies headquartered there, while four companies – RIL, BPCL, HPCL and SBI – have their headquarters in Mumbai.
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