Eight Indian Companies in Fortune 500 List

NEW YORK: Eight Indian companies, led by state-run IOC, have made it to the latest Fortune Global 500 list of world's biggest firms which has been topped by U.S.-based retailer Wal-Mart after a gap of two years.

Among the Indian companies, which also includes Reliance Industries, BPCL, HPCL, SBI and ONGC, only Tata Motors has managed to improve the ranking and other seven have fallen.

Globally, Wal-Mart has pushed energy giant Royal Dutch Shell to the second position in the 2014 list, followed by Chinese majors -- Sinopec Group and China National Petroleum -- at third and fourths spots, respectively.

Exxon Mobil is ranked fifth, taking the total number of U.S. companies on the list to 128. There are 95 Chinese firms and 150 from Europe on the list, which ranks firms across the world on the basis of their annual revenues.

Wal-Mart has topped the list with revenues of $476.29 billion, while that of top ranked Indian company IOC's is $81.32 billion.

IOC is the only Indian company featuring in the top 100 at the 96th position, although down from 88th last year.

There are five state-run and three private sector companies including two from Tata group (Tata Motors and Tata Steel).

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