LIC included in the list of Fortune Global 500 for the first time

LIC included in the list of Fortune Global 500 for the first time

 Life Insurance Corporation (LIC) has featured for the first time in the recently released Fortune Global 500 list for the year 2022. LIC got the 98th position in this list.

 Reliance Industries, on the other hand, jumped 51 places to reach the 104th position. US retail company Walmart is at the top of this list.

 LIC is the largest insurance company in the country with revenue of $97.26 billion and profit of $553.8 million. Listed companies are ranked by sales in the Fortune 500 list. Reliance has been on the list for 19 years with revenue of $93.98 billion and a net profit of

$8.15 billion.

 There are a total of nine Indian companies in the list, of which five are in the public sector and four are in the private sector. Only LIC is above Reliance among Indian companies.

 Indian Oil Corporation (IOC) climbed 28 places to 142nd position. Oil and Natural Gas Corporation (ONGC) climbed 16 places to 190. Two Tata group companies in this list are Tata Motors (ranked 370) and Tata Steel (ranked 435).

 Rajesh Exports is another private Indian company with 437th position in the list. State Bank of India (SBI) climbed 17 places to 236th and Bharat Petroleum Corporation Ltd climbed 19 places to 295th.