RIL in Forbes Global 2000 List: Reliance Industries, the country’s biggest businessman Mukesh Ambani’s company, has achieved another achievement. In the Forbes Global 2000 list, Reliance jumped 8 places to rank 45. Among all the companies in India, Reliance Ind. is foremost. When this list came last year, Reliance was at number 53. The names of the world’s biggest companies have been taken from this list of Forbes. It ranks the company on the basis of sales, profit, assets and market value. Reliance Industries has moved up 8 places in this ranking.
JP Morgan Bank Number One
America’s largest bank JP Morgan is at the first place in this list. JPMorgan has assets of approximately $3.7 trillion and since 2011, the bank has been ranked number one on the Forbes Global 2000 list for the first time. Recently, there was a crisis in the US banking sector from which JP Morgan has emerged stronger. The company’s deposits increased and it acquired First Republic Bank.
Big blow to Warren Buffett
Warren Buffett’s Berkshire Hathaway, which topped the Forbes list last year, has reached the 338th rank this time. As the company has booked unrealized losses on its investment portfolio, its value has come down drastically. Saudi oil company Aramco is in second place this time. After that, three state-run banks of China have got a place. Technology company Alphabet is seventh in this list while Apple is at 10th position.
Reliance Industries is India’s largest industrial conglomerate and has a presence in businesses ranging from oil to telecommunications and retail to media. According to the latest figures, Reliance Industries recorded a sale of $109.43 billion and a profit of $8.3 billion. As per the latest report it is at 45th rank and has jumped 8 ranks as compared to last year.
Reliance overtakes BMW
Reliance has been ranked better than BMW Group of Germany, Nestle of Switzerland, Alibaba Group of China and Procter & Gamble of America and Sony of Japan. India’s largest bank SBI has reached the 77th position in this list, which was 105th rank last year. HDFC Bank moved up from 153rd to 138th position while ICICI Bank moved up from 204th to 163rd. Apart from this, state-owned ONGC, HDFC, LIC and TCS are also in this list.
