- Seven Indian companies figure in the latest Fortune 500 list, released on Thursday 21 July 2016
- State-run Indian Oil Corp (IOC) is ranked highest at 161st with revenues of $54.7 billion
- Public sector firm Oil and Natural Gas Corp has moved out of the rankings for 2016
- Gems and jewellery firm Rajesh Exports ranked 423rd position
- IOC is followed by State Bank of India (SBI), Bharat Petroleum and Hindustan Petroleum
- Mukesh Ambani-led Reliance Industries Ltd (RIL) is the highest ranked, though it has slipped down to 215th position, from 158 last year.
- Tata Motors follows at number 226, up from 254th last year
- Bharat Petroleum fell from 280th to 358th this year, while Hindustan Petroleum is at 367th, compared to its 327th place last year.
- SBI has improved its position to 232, from being at 260 last year.
- List was topped by retail giant Walmart with revenue of $482,130 million
- The world's 500 largest companies generated $27.6 trillion in revenues and $1.5 trillion in profits in 2015
- Global top 10 companies are State Grid (second, $329,601 million), China National Petroleum (third, $299,271 million), Sinopec Group (4th, $294,344 million), Royal Dutch Shell (5th, $272,156 million), Exxon Mobil (6th, $246,204 million), Volkswagen (7th, $236,600 million), Toyota Motor (8th, $236,592 million), Apple (9th, $233,715 million) and BP (10th, $225,982 million).