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