HDFC 5th biggest consumer financial services company globally: Forbes
Posted on 14th June 2018 |
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Housing finance major HDFC has been ranked as the 5th biggest public company globally in the 'consumer financial services category' on a list compiled by Forbes magazine.
American Express has topped this category, while Indiabulls Housing Finance is the only other Indian company (at 13th place) on the list.
In the consumer financial services category, HDFC's rank has moved up from 7th place last year.
Other consumer finance services companies that made it to the list include Capital One Financial at the 159 place, followed by Visa (164), Orix (254), PayPal (337), Synchrony Financial (340), Discover Financial Services (356), and Mastercard (367), among others.
In the overall list, topped by China's banking behemoth ICBC, HDFC took 321st place, up from 404th a year ago.
There are a total of 58 Indian companies on the overall list of 2,000 firms from across the world.
These include Reliance Industries at 83rd place, the only from India in the top-100. Besides, HDFC Bank is at 202nd, ONGC at 266th, Indian Oil at 270th and ICICI Bank at 320th.
Some of the other Indian companies in the overall list include Tata Motors at 385th position, Tata Consultancy Services (404), Larsen & Toubro (471) and State Bank of India (489).
The 16th annual Forbes Global 2000 list includes publicly-traded companies from 60 countries.
Collectively, the companies on this list account for $39.1 trillion in sales, $3.2 trillion in profit, $189 trillion in assets and $56.8 trillion in market value.
Forbes compiled the Global 2000 list using data from FactSet Research systems to screen for the biggest public companies in four metric: sales, profits, assets and market value.
The market value calculation is as of May 11, 2018, closing prices and includes all common shares outstanding. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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