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CRS, a jewel among managers, is no more. Rahman at CIC Shipping woes of Chennai companies No mega rail project for Tamil Nadu Engineering seats go abegging Mu Sigma – is no more Demise of a media baron... Cutting the nose to spite the face The nuclear option Make standards certification mandatory... The rise and fall of Annamalai University A yen for wastage… Come elections, come advertisements... Reliance’s TV – 18 ready to launch Tamil News Channel Convulsions in The Hindu He saved millions from starvation... Valli, they are more marginalised When the President was rendered homeless… Tihar, Puzhal not different from Parappana Agrahara Fortune for Indian Airlines IPL type auction for VCs? Wanted: a second airport for Chennai Russi Mody – a tribute CIPET hqrs to stay at Guindy – for the present? Recognition to role of NBFCs.... Build close rapport with business leaders Silver Years of Madras Musings An inexplicable neglect Alexa – Talking Wikipedia Colour-Chem’s colourful KRVS When small is no larger beautiful.. TELANGANA at last…BUT Naidu’s return augurs well for Seemandhra Another Indian music maestro at the UN Mersal magnified Robber barons everywhere Like Hinduism: many paths to reach God... When nations steal growth from one another… WTO Meet: resolved to meet again Streamlining mandatory third party cover Revive development banks... Five star activism stalls development activity Multi-faceted Venkat Kudos to NDTV... Fall in crude prices help in oil sector reform Noble nonagenarians... Limit foreign borrowings to hi-tech, export potential projects... Lalu’s envy, India’s pride Fortune 500 review Naidu will soon build a new Hyderabad A glass full of corruption Excel Generators provide the vital back-up More heat than light Protest masters... Delhi returns to BJP A proud Madrasi No engine for this car Adapt Vajpayee dinner diplomacy Road development slows down A C Muthiah – his munificent bequeaths to science Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Lesson from Chandrababu Naidu IAS invades NDDB... Making ‘my Amaravati’... Discoms deserve better… Kinetic Karnataka Breaththrough in malaria control Editor's Says Strengthen the base... The brown list of Venkitaramanan Boy, can you beat these? GM Technology at last! Which side are you, Montek? Modi and the lady All eyes on Sankara Nethralaya Of course, Gujarat is vibrant Cement prices continue to rise… Tough task taking states together Muffled voices for merit… No Maha Koottani in TN... Tatas moving out of urea production... A Grand Finale for SN’s MS centenary at the US… Fuel for thought Measuring roof tops in terms of KW/MW Auto components surge… Why this malaise in medical education? Godspeed, Chief Minister JJ Inflation: are we emulating Argentina and Brazil? B H Kothari - a tribute Delhi is distant Poor representation for Kerala and TN in Cabinet The sea- saw battle continues... Secularism and anti-Hinduism Increasing non co-operation of state leaders Permanent secretariat for TN GIM Quality education through the PPP mode The Swadeshi Trump Haul over the coal CSR and CMI: promise of another Srinivasan Ramanujan... The why of tax incentives The star of Spencers is no more More tributes to GR When online building permits work…. Align crops to agro climate endowments… Computation of GDP – conundrums continue When TN politicians can emulate Kerala's S Ramanathan – a versatile musician, musicologist Waning interest in public discussions… Tax agriculture Funding the un-funded Sweeter prospects for sugar More Shakti to resource mobilisation... Pharma – overdose of copying The Jan Dhan bonanza Delhi Chalo... He continues the focus on social amelioration An informal presentation - analytical, forward locking... The Ports’ Pasha expands into Tamil Nadu Poor quality of university VCs GNS - 100: our first subscriber Maximising the micro pricing … A think tank for Chennai Vibrant Gujarat Modi storms Silicon Valley Revving up the manufacturing sector Parliament in paralysis... Online not in line with brick and mortar businesses... Odisha: spectacular win by Naveen Patnaik Not just in-laws (and outlaws); they’ve renowned academics at the helm! Quality silica from Neyveli This scant respect for Law Where a state respects its litterateurs… Sri Lanka votes for change Rs.1600 crore paper board plant of TNPL TN-leverage strength of BHEL, NLC... Telangana in top gear… Shaming of Tamils by Tamil farmers at Delhi The few handicaps... Polls and promises A friendly business group Readers' Mail Banning booze... More Shakthi to Das’ elbow A rich pool of talent not utilised…. Air Asia India will set new benchmarks for budget travel When Ratan Tata visited SRM PPP mode for upgrading Corporation Hospitals L&T: focus on infrastructure and more infrastructure… For whom the MIDS bell tolls? Welcome focus on core competence Cleaning Ganga – relocate tanneries and install electric crematoria London, London Narayan Tribute – Manikam Ramaswami The balancing act …and of a popular trade leader Gas is the way forward Moily’s bold thrust Marketing expert Balagopal is no more Music happens Tribute – M V Murugappan Shale gas and its shallow future EEC at the National Media Centre Don’t seem to feel the pulse… The ‘Jayanthi Tax.’ The Gulf aviation boom R Sridhar steps down as CEO of Shriram Capital The power-full Hindujas MHC should not return to its old indisciplined ways Why land prices zoom in TN? Adharma of opposition politics A more liberated TN… TIAM turns a full cycle Contrarian cousins TGS- The king storyteller Editor's Notes Kulandai was a giant Tatas moving out of urea production... Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Towards speedy justice Delhi is distant… Scientists urged to take up farmer-oriented research TN – agglomerate land holdings without alienating ownership Tribute CII projects higher growth… Padma Bhushan for A Ramakrishna Small units prefers to remain small... Medical costs hit the roof... Gay abandon in pricing TN accounts for the largest recruits by the IT sector EVM is tamper-proof Bihar – Nitish Kumar adopts the Lalu model Preserving for the future Nuclear power at the nucleus Infrastructure funding – lessons learnt Whistle-Stop Tour of Raghuram Rajan A Grand Finale for SN’s MS centenary at the US… Focus on quality of power - its only around 170-180V Solar, solar everywhere … The ‘Ayyo-yes’ is no more A welcome initiative by the judiciary Solar thermal shines… Roaring Ro-Ro facility Insurance companies bleeding, yet no decision on increasing FDI limit! IPL - no surprise this scam West Bengal: mindless malignancy Return to king coal for urea... S V Raju – a ‘good’ true liberal Put expensive assets created to use... Land reclamation from sea appears cheaper! Eternal support for capitalisation of PS banks Diamond jubilee of Egmore Samskrt School China invests in India Wise Presidents L&T- the specialty of special purpose vehicles Liberal imports idling indigenous capacities New IT products of Ramco in the pipeline… to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines The rise and rise of KCP F C Kohli - his concerns all embracing Dr C Rangarajan returns to Chennai An enemy’s enemy is a friend SoA @ 80 Intellectual of rare qualities For whom the bell tolls? Airlines in India: cost and space A professional at the helm of IRDA... Tribute – UCAL Selvan… Paytm karo... Things happen by accident and not by design... Where is Rajaji? There was flood of milk. Reason: no milk commissioner! Should we change the official year? Shanti and Sadhana through Music Plummeting profits of PSBs Bihar elections - the Rajaji formula worked PC’s preference for professionals Welcome changes that testify to Jayalalithaa’s return to health Welcome GST Remembering Indira Sivasailam... Sweet news for TN sugar mills Building loyalty through the stomach How Air-India loses customs... Welcome thrust on trade in Modi’s foreign visits... ONGC at KG Basin
 
Fortune 500 review
Wal-Mart still the biggest company in the US

Fortune Magazine in its 15 June 2016 issue listed America’s largest corporations. With elaborate research, the magazine has presented data ranking American companies on their performance in various parameters.

I looked at the ability of top companies to keep their position, improve or lose it. Wal-Mart, the retail giant with revenue of $ 482.1 billion maintained its Number One position. It was way ahead of the second in line company Exxon Mobil, which had a revenue of $ 246.2 billion.

I was looking back at the sectors reaching and maintaining the top rank. For several years in the 1970s and earlier, the automobile industry ruled at the top. For years, General Motors, Ford and Chrysler occupied the top three positions. Post the 1971 oil crisis and with the massive increase in oil prices, oil companies moved to the top of the rankings. Exxon occupied this position for several years. Later, Wal-Mart, the retail phenomenon, replaced the oil majors despite the massive increase in the price of oil. For several years now, Wal-Mart has been holding the top position.

In the top 10 ranking, Apple  (with revenue of close to $ 234 billion) is placed at the third position. Warren Buffet’s Berkshire Hathaway, with revenue of $ 211 billion, arrives one slot lower. McKesson, United Health group and CVS health, all from the healthcare and insurance sectors, occupy the next three positions. Automobile companies General Motors and Ford Motors held the 8th and 9th slots; telecom giant AT&T rounded off the top 10 list. Surprisingly, General Electric, which held the eighth rank in the previous year, has been pushed to the eleventh position. The next ten largest companies saw names like Verizon, Chevron, Costco, Fannie Mae, Amazon and HP.

In the past years, I used to notice a vast gap between General Motors and Ford Motors, which occupied the first and second positions. In 2015, this gap has narrowed significantly with less than $ 3 billion separating the two auto giants.  

In terms of profit, Apple was at the top with the profit of $ 53.39 billion. An interesting aspect is that Apple’s profit alone is ahead of Walt Disney’s entire revenue ($ 52.46 billion and a ranking of 53 in the Fortune 500 list).

Over a 10 year span, Apple has maintained its enormous growth in profits. During 2005-15, Apple recorded an annual rate of increase in EPS of 45.2 per cent and 32.6 per cent revenue growth, a record not matched by any other company.

In the tradition of capitalist countries, there has been an intense race among businesses that have surged ahead of others: as many as 29 companies have arrived into the list either as newcomers or have returned through better performance. Fortune has also listed 55 top money losers, some of them losing heavily. Apache, ranked 388, lost as much as $ 23 billion in just a year.

The analysis covered growth in profits, growth in revenues, most profitable companies, companies that got the best returns on investments, on market capitalisation, return to shareholders – indeed a humongous volume of data well-researched and well-presented.

Of interest to media, Omnicom group led advertising and marketing with revenues of $ 15.13 billion followed by the Interpublic group with revenue of $ 7.61 billion.

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