123 Corporate Archives - IndiaEditor
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7 Indian companies have made it to the latest Fortune 500 list of the world’s biggest corporations in terms of revenue, with state-owned IOC continuing to be the highest ranked Indian firm and Reliance Industries (RIL) jumping 53 places. In the list topped by retail giant Walmart, Indian Oil Corp (IOC) with 23 per cent rise in revenues at USD 65.9 billion was ranked 137th, up from the 168th position in 2017, Fortune said. Richest Indian Mukesh Ambani-led RIL was the top private sector company from the country as it jumped from 203rd rank last year to 148th. It had a revenue of USD 62.3 billion in 2017-18.
With USD 47.5 billion revenue, Oil and Natural Gas Corp (ONGC) made a come back into the list with a ranking of 197th. It did not feature in the 2017 ranking. State Bank of India (SBI) with USD 47.5 billion revenue was given 216th rank, a shade higher than 217th last year. Tata Motors improved its ranking from 247th last year to 232nd. So did state-owned Bharat Petroleum Corp Ltd (BPCL) that moved up to 314th position from 360th last year. Rajesh Exports was the seventh Indian firm on the list though its ranking slipped to 405th this year from 295th last year.

 

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Union Cabinet chaired by PM Shri Narendra Modi has approved conveying of no objection to the reduction in Government of India shareholding in IDBI Bank Limited to below 50% by dilution. It has also approved the acquisition of controlling stake by Life Insurance Corporation of India (LIC) as the promoter in the bank through preferential allotment / open offer of equity, and relinquishment of management control by the Government in the bank.

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The Reserve Bank of India raised the repo rate on Wednesday by 25 basis points to 6.25 per cent in a widely anticipated decision. RBI governor Urjit Patel said the decision was taken on the back of rising crude oil prices and HRA revision by various states that have pushed headline inflation up.

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Mr Balram Bhargava has been appointed the Director General of Indian Council of Medical Research (ICMR) and Secretary of the Department of Health Research.

Bhargava, at present Professor/Senior Consultant Cardiologist at All India Institute of Medical Sciences (AIIMS) here, has been appointed to the post for a period of three years or until attainment of age of 60 years, according to an order issued by the Personnel Ministry

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