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The why of tax incentives Protest masters... Permanent secretariat for TN GIM Padma Bhushan for A Ramakrishna The star of Spencers is no more There was flood of milk. Reason: no milk commissioner! Kulandai was a giant Intellectual of rare qualities Shipping woes of Chennai companies The Ports’ Pasha expands into Tamil Nadu Noble nonagenarians... No engine for this car For whom the bell tolls? Wise Presidents The rise and fall of Annamalai University Kinetic Karnataka Delhi returns to BJP The ‘Jayanthi Tax.’ Mersal magnified Godspeed, Chief Minister JJ Gas is the way forward Plummeting profits of PSBs Roaring Ro-Ro facility Small units prefers to remain small... R Sridhar steps down as CEO of Shriram Capital Alexa – Talking Wikipedia When the President was rendered homeless… Fuel for thought Russi Mody – a tribute Tribute Silver Years of Madras Musings Limit foreign borrowings to hi-tech, export potential projects... Secularism and anti-Hinduism Whistle-Stop Tour of Raghuram Rajan GM Technology at last! GNS - 100: our first subscriber A professional at the helm of IRDA... Scientists urged to take up farmer-oriented research All eyes on Sankara Nethralaya A friendly business group Another Indian music maestro at the UN The Gulf aviation boom Odisha: spectacular win by Naveen Patnaik Delhi is distant Cleaning Ganga – relocate tanneries and install electric crematoria L&T- the specialty of special purpose vehicles More heat than light Medical costs hit the roof... China invests in India Five star activism stalls development activity Breaththrough in malaria control SoA @ 80 Dr C Rangarajan returns to Chennai Engineering seats go abegging Increasing non co-operation of state leaders The Jan Dhan bonanza Making ‘my Amaravati’... Welcome focus on core competence A yen for wastage… The ‘Ayyo-yes’ is no more Land reclamation from sea appears cheaper! West Bengal: mindless malignancy The rise and rise of KCP Paytm karo... TN – agglomerate land holdings without alienating ownership Readers' Mail Music happens Marketing expert Balagopal is no more Tatas moving out of urea production... This scant respect for Law Muffled voices for merit… A glass full of corruption Gay abandon in pricing TIAM turns a full cycle When nations steal growth from one another… Discoms deserve better… Like Hinduism: many paths to reach God... …and of a popular trade leader IPL type auction for VCs? Maximising the micro pricing … Naidu’s return augurs well for Seemandhra Recognition to role of NBFCs.... Mu Sigma – is no more PC’s preference for professionals TELANGANA at last…BUT Align crops to agro climate endowments… Come elections, come advertisements... Air Asia India will set new benchmarks for budget travel The sea- saw battle continues... Measuring roof tops in terms of KW/MW Don’t seem to feel the pulse… No Maha Koottani in TN... Why land prices zoom in TN? WTO Meet: resolved to meet again Vibrant Gujarat A rich pool of talent not utilised…. Modi and the lady Reliance’s TV – 18 ready to launch Tamil News Channel When online building permits work…. The nuclear option Solar, solar everywhere … More tributes to GR Auto components surge… Remembering Indira Sivasailam... Revving up the manufacturing sector CRS, a jewel among managers, is no more. Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Things happen by accident and not by design... Build close rapport with business leaders PPP mode for upgrading Corporation Hospitals IAS invades NDDB... When Ratan Tata visited SRM Insurance companies bleeding, yet no decision on increasing FDI limit! Tax agriculture Parliament in paralysis... Computation of GDP – conundrums continue S Ramanathan – a versatile musician, musicologist Shaming of Tamils by Tamil farmers at Delhi Sweet news for TN sugar mills A C Muthiah – his munificent bequeaths to science Shale gas and its shallow future An enemy’s enemy is a friend MHC should not return to its old indisciplined ways Bihar – Nitish Kumar adopts the Lalu model Contrarian cousins Rs.1600 crore paper board plant of TNPL Inflation: are we emulating Argentina and Brazil? Eternal support for capitalisation of PS banks Building loyalty through the stomach Strengthen the base... Rahman at CIC Editor's Says A Grand Finale for SN’s MS centenary at the US… Boy, can you beat these? Sweeter prospects for sugar Valli, they are more marginalised Put expensive assets created to use... CIPET hqrs to stay at Guindy – for the present? The Swadeshi Trump Fortune 500 review A welcome initiative by the judiciary Welcome GST Shanti and Sadhana through Music Funding the un-funded Quality silica from Neyveli Poor quality of university VCs When TN politicians can emulate Kerala's Poor representation for Kerala and TN in Cabinet Cement prices continue to rise… Robber barons everywhere Sri Lanka votes for change TN accounts for the largest recruits by the IT sector Why this malaise in medical education? Where a state respects its litterateurs… Waning interest in public discussions… Streamlining mandatory third party cover Delhi Chalo... A think tank for Chennai EEC at the National Media Centre When small is no larger beautiful.. Adapt Vajpayee dinner diplomacy The balancing act Of course, Gujarat is vibrant Pharma – overdose of copying No mega rail project for Tamil Nadu Delhi is distant… Make standards certification mandatory... Airlines in India: cost and space Multi-faceted Venkat Demise of a media baron... EVM is tamper-proof An inexplicable neglect New IT products of Ramco in the pipeline… Fortune for Indian Airlines Naidu will soon build a new Hyderabad He saved millions from starvation... Banning booze... The brown list of Venkitaramanan Kudos to NDTV... Fall in crude prices help in oil sector reform Tribute – Manikam Ramaswami Modi storms Silicon Valley F C Kohli - his concerns all embracing Nuclear power at the nucleus Excel Generators provide the vital back-up An informal presentation - analytical, forward locking... Welcome changes that testify to Jayalalithaa’s return to health Quality education through the PPP mode Tribute – M V Murugappan Revive development banks... CII projects higher growth… Focus on quality of power - its only around 170-180V More Shakti to resource mobilisation... CSR and CMI: promise of another Srinivasan Ramanujan... Preserving for the future TGS- The king storyteller Road development slows down Liberal imports idling indigenous capacities Tihar, Puzhal not different from Parappana Agrahara S V Raju – a ‘good’ true liberal Tribute – UCAL Selvan… Infrastructure funding – lessons learnt A proud Madrasi Solar thermal shines… Towards speedy justice Haul over the coal Lalu’s envy, India’s pride For whom the MIDS bell tolls? Colour-Chem’s colourful KRVS How Air-India loses customs... Lesson from Chandrababu Naidu Return to king coal for urea... Diamond jubilee of Egmore Samskrt School to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines L&T: focus on infrastructure and more infrastructure… Welcome thrust on trade in Modi’s foreign visits... Telangana in top gear… Moily’s bold thrust Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated B H Kothari - a tribute Tatas moving out of urea production... A Grand Finale for SN’s MS centenary at the US… Which side are you, Montek? Bihar elections - the Rajaji formula worked Convulsions in The Hindu Cutting the nose to spite the face More Shakthi to Das’ elbow The power-full Hindujas Tough task taking states together Not just in-laws (and outlaws); they’ve renowned academics at the helm! Editor's Notes The few handicaps... Where is Rajaji? Polls and promises Wanted: a second airport for Chennai ONGC at KG Basin Should we change the official year? A more liberated TN… London, London Narayan Online not in line with brick and mortar businesses... TN-leverage strength of BHEL, NLC... Adharma of opposition politics IPL - no surprise this scam He continues the focus on social amelioration
 
Fortune 500 review
Wal-Mart still the biggest company in the US

Fortune Magazine in its 15 June 2016 issue listed America’s largest corporations. With elaborate research, the magazine has presented data ranking American companies on their performance in various parameters.

I looked at the ability of top companies to keep their position, improve or lose it. Wal-Mart, the retail giant with revenue of $ 482.1 billion maintained its Number One position. It was way ahead of the second in line company Exxon Mobil, which had a revenue of $ 246.2 billion.

I was looking back at the sectors reaching and maintaining the top rank. For several years in the 1970s and earlier, the automobile industry ruled at the top. For years, General Motors, Ford and Chrysler occupied the top three positions. Post the 1971 oil crisis and with the massive increase in oil prices, oil companies moved to the top of the rankings. Exxon occupied this position for several years. Later, Wal-Mart, the retail phenomenon, replaced the oil majors despite the massive increase in the price of oil. For several years now, Wal-Mart has been holding the top position.

In the top 10 ranking, Apple  (with revenue of close to $ 234 billion) is placed at the third position. Warren Buffet’s Berkshire Hathaway, with revenue of $ 211 billion, arrives one slot lower. McKesson, United Health group and CVS health, all from the healthcare and insurance sectors, occupy the next three positions. Automobile companies General Motors and Ford Motors held the 8th and 9th slots; telecom giant AT&T rounded off the top 10 list. Surprisingly, General Electric, which held the eighth rank in the previous year, has been pushed to the eleventh position. The next ten largest companies saw names like Verizon, Chevron, Costco, Fannie Mae, Amazon and HP.

In the past years, I used to notice a vast gap between General Motors and Ford Motors, which occupied the first and second positions. In 2015, this gap has narrowed significantly with less than $ 3 billion separating the two auto giants.  

In terms of profit, Apple was at the top with the profit of $ 53.39 billion. An interesting aspect is that Apple’s profit alone is ahead of Walt Disney’s entire revenue ($ 52.46 billion and a ranking of 53 in the Fortune 500 list).

Over a 10 year span, Apple has maintained its enormous growth in profits. During 2005-15, Apple recorded an annual rate of increase in EPS of 45.2 per cent and 32.6 per cent revenue growth, a record not matched by any other company.

In the tradition of capitalist countries, there has been an intense race among businesses that have surged ahead of others: as many as 29 companies have arrived into the list either as newcomers or have returned through better performance. Fortune has also listed 55 top money losers, some of them losing heavily. Apache, ranked 388, lost as much as $ 23 billion in just a year.

The analysis covered growth in profits, growth in revenues, most profitable companies, companies that got the best returns on investments, on market capitalisation, return to shareholders – indeed a humongous volume of data well-researched and well-presented.

Of interest to media, Omnicom group led advertising and marketing with revenues of $ 15.13 billion followed by the Interpublic group with revenue of $ 7.61 billion.

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