India’s heart swells with pride

This Independence Day, our heart swells with pride to know that India has finally clinched its first individual gold medal ever. Apart from Indians earning themselves a name amongst the richest in the world, it is good to know that the world see’s India now as a progressing economy and not a land of fakirs and snakes.

Earning us some more pride was the entry of Tata Steel in the Elite Club of the Fortune 500. One of India’s oldest and most respected company, with the highest revenue growth of over 353% over the past year, thanks to the consolidation of Corus' revenues with its balance sheet, Tata Steel made it to the Club. Mukesh Ambani's Reliance Industries (RIL) is ranked 23^rd in the Fortune 500 list, Indian Oil at 116, BPCL at 287, HPCL at 290, ONGC at 335, Tata Steel at 353 and SBI at 380.

US-based retail chain Wal-Mart continued to remain the world's biggest corporate with revenues of $378 billion. Exxon Mobile and Royal Dutch Shell are the toppers of the global list with revenues of $373 billion and $355 billion respectively.

There were fewer American companies on the list this time while as many as 29 Chinese companies made it to the list. Looks like this is the best year ever for China!
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