INSIDE THIS ISSUE
   
   
   
  01 MAIN
   
   
  02 TRADE & ECONOMY
   
   
  03 INVESTMENT UPDATE
   
   
  04 NEWSMAKERS
   
   
  05 INFOTECH
   
   
  06 CULTURE
   
   
  07 TRAVEL
   
   
  08 CALENDAR
   

   
  HIGHLIGHTS
   
  30 Indian firms in Forbes Top 2000 List
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  Bangalore" After Hours at the Pub
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  Adventure Racing in Paradise
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  02. TRADE AND ECONOMY
   
 
   
 

30 Indian firms in Forbes Top 2000 list

   
 


Oil and Natural Gas Corp
 
State Bank of India Group
 
Indian Oil

   
 

 

 

 

Oil and Natural Gas Corp, the State Bank of India Group and Indian Oil lead the Indian charge in the list of Forbes Global 2000 "corporate titans", occupying the 265th, 269th and 279th positions respectively. The magazine has listed 30 Indian companies among its Top 2000 worldwide firms that have performed well in the past fiscal.

American multinationals Citigroup and General Electric are right on top of the list. Among the other Indian companies high in the list are Reliance Industries, National Thermal Power Corp, ICICI Bank, Steel Authority of India Ltd, Bharat Petroleum, Hindustan Petroleum, Tata Consultancy Services, Punjab National Bank, GAIL India and Infosys Technologies.

The companies were evaluated according to four criteria - sales, profits, assets and market value.

While Indian energy and banking sector companies proved to be the leaders, the top 10 performers in the list show that this phenomenon is not exclusive to the Indian business scenario.

 
     
  The top 10 in the list include three names from the banking sector and three industries from the energy sector followed by two players from the insurance sector.  
     
     
  Following are the Indian companies that made it to the list:
Oil & Natural Gas (rank 265, sales $9.78 billion, profits $2.16 billion)
State Bank of India Group (269, $12.09 billion, $1.28 billion)
Indian Oil (279, $26.08 billion, $1.73 billion)
Reliance Industries (309, $11.82 billion, $1.19 billion)
National Thermal Power Corp (486, $4.5 billion, $0.92 billion)
ICICI Bank (757, $3.18 billion, $0.36 billion)
Steel Authority of India (831, $5.14 billion, $0.60 billion)
Bharat Petroleum (914, $12.77 billion, $0.47 billion)
Hindustan Petroleum (1,011, $12.03 billion, $0.46 billion)
Tata Consultancy Services (1,167, $1.64 billion, $0.37 billion)
Punjab National Bank (1,186, $2.32 billion, $0.28 billion)
GAIL India (1,250, $2.75 billion, $0.43 billion)
Infosys Technologies (1,250, $1.12 billion, $0.29 billion)
Canara Bank (1,260, $2.15 billion, $0.32 billion)
Tata Iron & Steel (1,302, $2.57 billion, $0.41 billion)
ITC (1,336, $1.59 billion, $0.37 billion)
Wipro (1,362, $1.35 billion, $0.24 billion)
HDFC (1,364, $0.75 billion, $0.22 billion)
Bank of Baroda (1,370, $1.89 billion, $0.24 billion)
Bank of India (1,371, $1.74 billion, $0.24 billion)
Tata Motors (1,519, $3.15 billion, $0.21 billion)
Union Bank of India (1,618, $1.23 billion, $0.16 billion)
Bharti Tele-Ventures (1,648, $1.15 billion, $0.13 billion)
Oriental Bank of Commerce (1,811, $0.93 billion, $0.16 billion)
Mahanagar Telephone Nigam Ltd (1,835, $1.41 billion, $0.27 billion)
Bharat Heavy Electricals Ltd (1,907, $1.85 billion, $0.15 billion)
Ranbaxy Laboratories (1,936, $0.97 billion, $0.16 billion)
Indian Overseas Bank (1,959, $1.04 billion, $0.12 billion)
 
     
     
     


     
  KPMG sets up new unit in India

Accounting firm KPMG has set up a new business unit in India. The global major plans to make the country a major offshore hub. The move is part of its strategy to double its global revenues from US$ 16 billion to over US$ 30 billion by 2010. KPMG UK and KPMG India have set up a 50:50 joint venture with an initial strength of 150 professionals to provide advisory services to KPMG’s global clients.

KPMG Resource Centre Private Ltd (KRCPL), which has begun operating out of KPMG India’s offices in Bangalore, Chennai, Mumbai and Delhi, is likely to ramp up its operations to 300 professionals within one year.