In a year that has witnessed geopolitical tensions, stock market turbulence, mass layoffs and the fortunes of the world's richest bleeding, India has been able to add nine new companies to the list of top global 500 companies.?
Taking its tally to 20, India moved up four places to the fifth rank in the recently revealed Hurun Global 500 rankings.
The list, led by Reliance Industries with a market capitalisation of $202 billion, also includes Tata Consultancy ($139 billion) and HDFC Bank ($97 billion).
Billionaire Gautam Adani¡¯s Adani Group has debuted in the global top 500 companies list with four companies this year- Adani Enterprises ($63 billion), Adani Transmission ($44 billion), Adani Total Gas ($43 billion) and Adani Green Energy ($40 billion).
The other five new entrants in the list from India include ITC ($52 billion), Avenue Supermarts ($33 billion), Axis Bank ($33 billion), Bajaj Finserv ($32 billion) and Larson & Toubro ($32 billion).?
Here¡¯s the list of the 9 new entrants in Hurun Global 500 rankings:
Apple, worth $2.4 trillion, was the most valuable company as per the list. Among the state-owned listed companies, Saudi Aramco was the world¡¯s most valuable firm with a value of $2.03 trillion. State Bank of India ($62 billion) and the Life Insurance Corporation of India ($45 billion), were the two biggest state-owned Indian companies. These did not feature in the list as they contained only non-state-controlled companies.
Other companies featured in the top 10 globally included names like Alphabet, Amazon, Tesla, Berkshire Hathaway, Johnson and Johnson and Exxon Mobil.
The financial services sector was the biggest contributor to the list, with 104 companies from the sector on the list. United Health Group and Visa were the two financial services companies in the top 10.
While at $2.4 trillion, the media and enterprises sector lost the most money in 2021. Meta Platforms faced a wipeout of $618 billion last year; its valuation now stands at $349 billion.
Zoom, Snap, and Adidas were among the companies that dropped out of the top 500.
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The US topped the list with 260 companies with a value of $30,446 billion, making up for 65% of the total value. It was followed by China, Japan and the UK, while Canada shared the fourth slot with India.?
The Hurun Global 500 lost $11 trillion of value.?The world¡¯s top 10 valuable companies lost $2.4 trillion in value, but still made up 21% of the total value of the Hurun Global 500. While Apple and Microsoft retained the top slot with market value of $2.4 trillion and $1.8 trillion, Alphabet overtook Amazon to third place.
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