Mukesh Ambani-led Reliance Industries (RIL) is the highest ranked Indian firm in Forbes magazine’s ‘Global 2000’ list this year which sees the number of Indian companies in 2017 rising to 58 from last year’s 56.
“Reliance Industries has witnessed a surge in investor confidence at the stock markets after the launch of its telecom arm Reliance Jio Infocomm late last year,” Forbes’ India edition said in a statement here on Thursday.
The American magazine said the ranking is based on a mix of four metrics — sales, profits, assets and market value — with Forbes giving equal weightage to all four. Read more
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