Thirteen Indian companies, led by Hindustan Lever, are among the top 200 companies in the emerging markets, based on their market value as of May 31 last, according to Businessweek magazine. Housing Development Finance Corporation (HDFC) makes to the list for the first time.
China Mobile (Hong Kong) maintains the top position with a market value of $90167 million. But Taiwan Semiconductor Mfg., which retains second rank, is way down in the market value at $30861 million.
Hindustan Lever with a market value of $9236 million tops among Indian companies even though its ranking has come down to 22 from last year's 15. Both Reliance Industries and Reliance Petroleum improved their rankings.
While Reliance Industries, with a market value of $8809 million, was ranked 23 against 38 last year, Reliance Petroleum, with a market value of $5399 million, went up to 57 position from 78 it occupied last year.
Software giant, Wipro improved its ranking to 27 from 30 last year with a market value of $8300 million. But Infosys Technologies, with a market value of $5311 million, lost ground and was relegated to 58 position compared with 25 last year.