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