Apple again leads the “Global Top 100 Companies”, only two Indian companies on the list

Apple leads the ranking of the 100 best companies in the world in terms of market capitalization. According to a new report by London-based accounting firm PricewaterhouseCoopers (PwC), the technology giant tops the market with a market capitalization of $ 2.85 trillion, followed by Microsoft, Saudi Aramco, Alphabet and Amazon.

For those who don’t know, Apple has consistently held the position of the world’s most valuable public company for the past 10 years, but in May 2022, Saudi Aramco was slightly ahead of Apple with a market capitalization of more than $ 2.4 trillion. The same thing happened in 2020, when soon after the IPO of the Saudi oil company, its market capitalization was higher than Apple and Microsoft.

In addition, the report mentions that the market capitalization of the top 100 companies worldwide has increased from $ 10.3 trillion to $ 31.7 trillion, an increase of 48 percent from March 2021 to March 2022 There were also no direct participants in the Global 100 companies through IPOs, despite the bustling IPO market.

It is worth noting that Reliance Industries and Tata Consultancy Services are the only two Indian companies on the list to secure 58th and 69th positions respectively.

Apple’s rival, Samsung Electronics Co., secured 22nd place on the list after falling seven degrees a year earlier. With a market value of $ 342 billion as of March, it is the only South Korean company on the list.

Tesla’s market capitalization, led by Elon Musk, rose from $ 96 billion in March 2020 to $ 641 billion in March 2021, an astonishing increase of 565 percent and a clear deviation in the top 10.

All regions and Member States reported a relative increase in the market capitalization of the companies listed in the Global Top 100.

(With IANS inputs)

https://www.dnaindia.com/technology/report-apple-leads-global-top-100-companies-again-only-two-indian-firms-on-the-list-2960021

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