Reliance Industries Limited, led by Mukesh Ambani, has solidified its position as the top Indian company on the Fortune Global 500 list, climbing two spots to reach 86th place. The company’s strong performance reflects its significant progress over the past three years, moving up 69 places from its 155th ranking in 2021. This year, nine Indian companies made the list, with Reliance Industries leading the pack.
ICICI Bank has become the sixth Indian company to reach a market capitalization of over $100 billion, driven by strong performance and a robust loan growth strategy. The bank’s stock surged to an all-time high, propelling its market value to $105.55 billion. This achievement places ICICI Bank alongside other prominent Indian companies like Tata Consultancy Services and HDFC Bank.
A total of 16 companies will release their financial results for the fourth quarter of FY24 (Q4 FY24) today, April 23 (Tuesday). These companies include Tata Consumer Products Ltd, ICICI Prudential Life Insurance Comp Ltd, Tata Elxsi Ltd, Mahindra & Mahindra Financial Services Ltd, Multi Commodity Exchange of India Ltd, Cyient DLM Ltd, Huhtamaki India Ltd, Nelco Ltd, Axita Cotton Ltd, Artson Engineering Ltd, Mahindra EPC Irrigation Ltd, LKP Securities Ltd, ARO Granite Industries Ltd, Jindal Hotels Ltd, Netlink Solutions (India) Ltd, and Bkm Industries Ltd. Shares of these 16 companies are likely to react to their Q4 results on Tuesday.
