Forbes’ Global 2000 list has Mukesh Ambani’s Reliance at the top of India Inc., and LIC makes its debut there.
On Forbes’ most recent Global 2000 list of publicly traded firms globally, Mukesh Ambani’s Reliance Industries Limited (RIL) rose eight positions on Tuesday to take the 45th slot, the highest position for an Indian company. Sales, profits, assets, and market value are the four parameters that the Global 2000 uses to rank the largest corporations in the world. For the first time since 2011, JPMorgan, the largest bank in the United States with USD 3.7 trillion in assets, is at the top of the list. With higher deposits and the opportunistic acquisition of the failing First Republic Bank, JPMorgan has…