Top 10 Companies of India

Indian companies are back on track again, the tough time of global recession is over. Indian companies had hard time last year as the world was reeling under the pressure of economic slowdown. Thanks to the Government of India and Finance Minister of India for backing the interest of Indian companies through various stimulus packages. Now the impact of the economic slowdown is almost over and software, banking, finance and other companies aim to give the benefit to its employees in form of bonus. The union budget was presented and there was positive response from Indian companies. Here we have listed the top 10 companies of India:

1. Reliance Industries Limited (RIL) : RIL is one is India's largest private sector conglomerate (by market value). Since its set up in 1966, the company has been growing. The company has total assets of US$34.99 billion till 2009 and has been listed in Forbes list several times.
2. Oil and Natural Gas Corporation Limited (ONGC) : ONGC is an Indian public sector petroleum company, which incorporated in the year 1993.It produces about 30% of India's crude oil requirement. ONGC has total assets of around US$ 35.35 billion till 2008.
3. State Bank of India (SBI) : SBI is said to be the best trusted bank in India. It is the oldest bank of India, it was found in 1806. By then it was Imperial Bank of India, in 1955 the government of India has nationalized the bank. The SBI has total assets of US$ 257.18 billion.
   
4. Indian Oil Corporation (IndianOil) : IndianOil is one of the major petroleum companies in India. IndianOil is the largest Indian Public sector Petroleum company that ranked 105 in the Fortune Global 500 list compiled in the year 2009. The total assets of IndianOil is around US $33.64 billion till 2008.
5. ICICI Bank : Formerly ICICI bank was known as Industrial Credit and Investment Corporation of India. ICICI bank is one of the largest private bank in India.ICICI bank has total assets of USD 120.61 billion at March 31, 2009.
6. NTPC Limited : NTPC Ltd is a major power generation public sector company in India. The company has been ranked 317 in the list of Forbes Global 2000 companies for 2009. Its one of the top 10 companies of India. NTPC has
7. Steel Authority of India Limited (SAIL) : SAIL is the top steel makers of India and its is in the top five highest profit earning corporates in India. SAIL has total assets of US$10.54 billion in 2008.
   
8. Tata Steel : Tata Steel is another major steel manufacturing private company in India. Tata Steel is the sixth largest steel company in the world. It has capacity of manufacturing 31 million tonnes of crude steel. Tata Steel has the total assets of US $31.16 billion in 2009.
   
9. Bharti Airtel : Popularly known as Airtel in India, is the one of the major cellular service provider in India. Bharti Airtel has more than 121 million subscribers as of January 2010 and recently it has cleared to acquire major company in Bangladesh. The subscribers will increase once it starts operation in Bangladesh. Wireless, Telephone, Internet and Satellite television are the major products of Bharti Airtel.
   
10. Reliance Communications : It's another major companies of India in the arena of telecommunications and second largest mobile operators in India. The company has total asset of US $19.31 billion in 2008. Wireless, Telephone, Internet and Television are the major products of this company.
    

The above listed are the top ten companies of India in various arenas.

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Bosh Ltd's Bangalore Plant Employees on Strike; Lockout Declared

Bangalore : Bosh Ltd has declared a lockout at its plant in Bangalore following the tolldonw strike called the employees demanding the wage revision, on Tuesday. According to media reports, Bosh Ltd's plan is located in the areas of Naganathapura on the outskirts of the city.

Bosh Ltd is an automotive component major in India, plant in Bangalore has been manufacturing generator starters, alternators and spark plugs for Indian automotive industry. Around 1,000 employees have been working at the Bangalore plant. The company sources report that the management has declared lockout following threat tool down strike by the employee.

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Infosys, Genpact, PepsiCo, ICICI to start paying bonuses : ET

New Delhi: Its good time for the employees of Infosys, Genpact, PepsiCo and ICICI as the companies would be paying bonus to its employees, according to a report published on Economic Times. Most of the companies rendering their services in IT, Finance Services and Banking employee have achieved good returns this year and the employees of the sort of organizations to get the benefits in form of bonus.

Last year, the situation was very tough for companies, those too many measures to safeguard their interest and employee while the market was in downturn. The companies in India were severely affected due to the global slowdown. Of late, its times for companies to reward the talented employees and pay back time. Certainly, the bonus amount would help employee to meet their budget, as the food prices are soaring up. The Union Budget gift measures and the possible bonus amount from employers would be a good time for employees to celebrate their life.

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India's exports up 11.5 pc in January 2010

New Delhi : The exports of India is increasing, in January 2010 export rose to 11.5 per cent at $14.3 billion according to government reports. There is also little rise in the imports from various countries. The rise in the exports always considered as the best way to tackle the trade deficit. The imbalances in the trade lead to wide trade deficit, which ultimately be the cause for the capital flight from a nation to another.

The exports rise is the best when the country is back on track from the clutches of global downturn. India has been the a best exporter to the countries of the world including major economies like US and China. And importer of goods from these two countries - US and China too. In January the trade deficit is at $10.4 billion comparing to the last year's statistics of $5.4 billion. It is expected that this time the EXIM policy will have some new concepts.

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Indian Automobile Sector Sets Highest Sales in Feb 10

New Delhi: The February 2010 was best month for the Indian Automobile sector, even the Union Budget was favorable. Most of the auto companies have recorded highest sales in last month. Major auto companies have introduced varieties of models from small car to multi purpose vehicles. Even major international companies have shown their interest to introduce their small car segments in Indian market.

The two major auto companies in India Maruti Suzuki India and Hyundai Motor India Ltd have sold around 96,650 units 31,001 units respectively in the month of February. The duo companies have registered the finest growth in Feb comparing to the sales made in Janurary 2010. Experts believe that the February 2010 was the best moth for auto industry in India.

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No Rollback on Fuel Price Hike : PM

New Delhi: The Prime Minister of India has turned down the possibility rollback on the fuel price hike, talking to media persons in the capital on Tuesday. The fuel price hike was declared by the Finance Minister in the Parliament while presenting the Union Budget 2010-11. The opposition members had walked out of budget session opposing the hike in the fuel prices.

The Prime Ministers said that the Indian economy was growing and it has capacity to absorb the hike in the fuel price. It is believed that the hike in the fuel price would push the inflation further high. The food inflation is still the major concern for Indian economy and it was also focused in the presented Economy Survey 2009-10.

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Top 10 business advice articles of the week : Simply Business

Business News : Here is a good list of top 10 business articles of the week posted on Simply Business. Here you can visit the article Top 10 business advice articles of the week . Hope those listed are very good enough to have a look.

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Govt. of India accepts 13th Finance Commission Recommendations : FM

Business News: The Government of India has accepted the recommendations of the 13th Finance Commission headed by the former Finance Secretary Vijay Kelkar. The Finance Minister Pranab Mukherjee told media persons in the capital on Thursday that the government of India has accepted the recommendations of the Finance Commissions despite the strains.

The Commission has tabled its report in the Parliament. In the report the Commission recommended increase in the share of states in the Central Tax proceeds from 30. 5 per cent to 32 per cent. The Finance Minister has also added that the central government will reportedly grant additional Rs 3.19 lakh crores to states during the five-year period 2010-11 to 2014-15.

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Double Digit GDP Growth for Indian Economy : Economic Survey

Business News : In coming two to three years, the double digit growth is possible for Indian Economy, the Economic Survey. There are strong market fundamentals and the economy is heading toward complete recovery from the clutches of global slowdown. The Economic Survey also indicates that the food inflation is there biggest challenge is ahead for the economy. The food inflation is reach also most to 18 per cent and would rise if the mechanism taken by the government would not successful.

The price of sugar if taken into consideration then the opposition party voice in Parliament is proper and on time. The pinch of the food inflation is being felt by the people. May the poor Public Distribution System (PDS) be the major reason but the imbalances in the import and export of essential goods thus major reason as well.

The Economic Survey Report would good enough the boost the confidence the interest of investors in the stock market. But it is the finance minister who'll guide the interest of investors and market reactions with his upcoming Union Budget on Friday in Parliament.

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