Eight Indian Companies in Fortune 500 List

Reliance Industries is placed at 114th position, followed by Bharat Petroleum (242), Hindustan Petroleum (284), Tata Motors (287), State Bank of India (303), ONGC (424) and Tata Steel (486).

Tata Motors has moved up from 316th position last year.

Fortune magazine said there were record number of 17 women as CEOs of Fortune Global 500 companies which includes two first timers from India -- HPCL's Nishi Vasudeva and SBI's Arundhati Bhattacharya.

"After limping through a worldwide financial crisis and economic slowdown, the 500 largest companies ranked by revenues shattered all sorts of performance records in 2013:

"They racked up combined revenues of $31.1 trillion, up 2.5 percent from 2012, and profits soared 27 percent to nearly $2 trillion," the magazine said.

Other companies in the top ten include BP (6th rank), State Grid (7), Volkswagen (8), Toyota (9) and Glencore (10).

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