RIL, ONGC, Bharti in global 500 list

'RIL, ONGC, Bharti in global 500 list'

Ten Indian companies, including Mukesh Ambani-led Reliance Industries and telecom major Bharti Airtel, are among the 500 top global companies for 2009 in terms of market capitalisation, according to the Financial Times.

The league of 500 companies is topped by American energy giant ExxonMobil followed by oil major PetroChina and US retailer Wal-Mart Stores at the second and third positions, respectively.

Reliance Industries is the lone Indian entity featuring in the top 100 and is ranked at the 75th place with a market capitalisation of USD 47.25 billion. The entity was placed at the 80th spot last year.

Other Indian firms featuring in the list are Oil & Natural Gas Corporation (120th rank), National Thermal Power Corporation (138), Bharti Airtel (188), Infosys Technologies (330), Bharat Heavy Electricals Ltd (345), ITC (362), State Bank of India (372), Tata Consultancy Services (483) and Hindustan Unilever (495) "The companies are ranked by market capitalisation - the greater the stock market value of a company, the higher its ranking. Market capitalisation is the share price on March 31, 2009 multiplied by the number of shares issued...," the Financial Times said in an accompanying report.

Seven Indian firms have improved their positions from last year, while SBI and TCS have slipped in their rankings. Hindustan Unilever was not in previous year's list. ONGC has a market capitalisation of USD 32.87 billion, NTPC (USD 29.29 billion), Bharti Airtel (USD 23.41 billion), Infosys Technologies (USD 14.95 billion), BHEL (USD 14.51 billion), ITC (USD 13.75 billion), SBI (USD 13.35 billion), TCS (USD 10.42 billion) and Hindustan Unilever (USD 10.23 billion).

As many as three American companies led by India-origin chief executives -- Pepsico (42), Citigroup (358) and Adobe Systems (448) -- also feature in the list.

Indra Nooyi-led Pepsico has a market capitalisation of USD 80.12 billion, Vikram Pandit-led Citi (USD 13.85 billion) and Shantanu Narayen-led Adobe Systems (USD 11.21 billion).

Both Pepsico and Adobe Systems have improved their positions from last year's 46th and 469th ranks, respectively. However, Citi's ranking has tumbled from previous year's 53rd place.

"The total market capitalisation of the Global 500 companies has fallen by 42 per cent from USD 26,831 billion to USD 15,617 billion. The 500th company is worth USD 10.1 billion, compared with USD 19.3 billion last year," the report said.

Source:Business Today ( 'RIL, ONGC, Bharti in global 500 list' )

DLF, Bharti, ONGC, Cairn India enter DJ BRIC 50 index

DLF, Bharti, ONGC, Cairn India enter DJ BRIC 50 index

Real estate giant DLF, telecom major Bharti Airtel and energy firms ONGC and Cairn India have made their way to the Dow Jones BRIC 50 Index, a blue-chip index measuring performance of 50 largest and most liquid companies in Brazil, Russia, India and China. The new entrants would replace four other Indian firms -- realty firm Unitech, Tata Motors, TCS and Satyam Computer -- on the investible index, global index major Dow Jones Indexes said in a statement.

The changes are part of the regular annual review of the index and would be effective as of the open of trading on September 22. Other Indian companies on the index include RIL, L&T, ICICI Bank, Infosys, SBI, RCOM, Tata Steel, HDFC, BHEL, Suzlon and ITC. Besides four Indian companies, other new components of the index would include three from Brazil -- BM&F Bovespa S/A Bolsa de Valores Mercadorias e Futuros, Companhia Energetica de Minas Gerais-CEMIG, Metalurgica Gerdau S/A Pref, two Chinese entities -- China COSCO Holdings Company Limited and China Communications Construction Co Ltd -- and Russia's Surgutneftegaz JSC.

The 10 companies exiting the index include Brazil's Banco Santander S/A Pref, Companhia de Gas de Sao Paulo Ord and Light S/A Ord, China's Jiangxi Copper Company and Trina Solar Limited ADS and Russia's Mobile Telesystems. The float-adjusted market capitalisation of the reconstituted Dow Jones BRIC 50 Index has increased to $920 billion from $852 billion as of September 2. The number of components in the index is fixed at 15 each for Brazil, India and China and five components for Russia to reflect the size of each market in the index.

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Source:ET

Corporate Results: Unitech, GDl, Panacea, ONGC, Allgargo, Religare, Patel Engg, Tatachem, CBI etc

Unitech FY08 cons net profit stood at Rs 1661.86 cr
Bhagyanagar India Q4 net profit at Rs 7.7 cr
Panacea Biotech Q4 net profit at Rs 24.9 cr
Global Vectra Q4 net loss at Rs 9.2 cr
JK Paper Q3 net profit at Rs 15.8 cr

Allcargo Global Q4 cons net profit at Rs 26.1 cr
Gateway Distriparks Q4 cons net profit at Rs 15.1 cr
Religare Enterprises Q4 net profit at Rs 21.92 cr
Tata Steel FY08 cons net profit up at Rs 12349.8 cr
ONGC FY08 cons profit up at Rs 19,872.26 cr

Jet Airways Q4 net loss at Rs 221.2 cr
Tata Chemicals FY08 net profit at Rs 964 cr
Patel Engg FY08 cons net profit at Rs 151.9 cr
Central Bank Q4 net profit at Rs 127.2 cr

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other results:
Webel Sl Energy Systems reports net loss of Rs 1.03 crore in the March 2008 quarter
Hindustan Organic Chemicals net profit declines 92.94% in the March 2008 quarter
Man Industries India net profit rises 4.49% in the March 2008 quarter
Sarda Energy & Minerals net profit rises 1807.39% in the March 2008 quarter
Numeric Power Systems net profit rises 115.05% in the year ended March 2008



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