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Telangana Chief Minister A Revanth Reddy on Sunday said his government aims to attract all the Fortune 500 companies of the world to Bharat Future City over the next decade. Speaking after performing the bhumi puja for the construction of the Future City Development Authority (FCDA) building here, he said the proposed city will be a destination for investments and a hub of opportunities. "Currently, there are 85 Fortune 500 companies in Hyderabad. The government aims to attract all the Fortune 500 companies to Bharat Future City in the next 10 years, he said. The government has prepared ambitious plans to develop this "great city," he added. Appealing to people not to fall prey to the opposition's "false propaganda" against the project, Reddy alleged that some adverse forces had "conspired" to stall it. Political opponents, he said, had also levelled allegations that he owned land in the Future City project, adding, "The Future City is for future generations and not for my family
Oil-to-telecom-to-retail conglomerate Reliance Industries Ltd continues to be the highest-ranked Indian firm on the Fortune Global 500 list, jumping two places to be ranked at No.86 in the 2024 ranking. The firm was placed at No.88 in last year's ranking and has gained a whopping 69 places in the last three years - from being placed at No.155 in 2021 to being at No.86 in 2024. Releasing the 2024 list, Fortune on its website said Reliance has been on the 500 list for 21 years now. It had revenues of USD 108.8 billion and a profit of USD 8.4 billion last year. The 2024 ranking has nine Indian firms, five of them from the public sector. Insurance behemoth Life Insurance Corporation of India (LIC) jumped 12 places to be ranked at No.95 on the 2024 list while state-owned Indian Oil Corporation (IOC) slid 22 places to 116. State Bank of India (SBI) soared 57 spots to rank at No.178. Oil and Natural Gas Corporation (ONGC) and Bharat Petroleum Corporation Ltd (BPCL) were ranked at No.180
A mere 1.6 per cent of companies listed on the Fortune India 500 have women at the helm, while the figures stand at 5 per cent for the Fortune India Next 500, according to a study. The study -- 'Enhancing Women Leadership in India Inc' -- conducted jointly by Fortune India and SP Jain Institute of Management and Research sheds light on the persistent gender gap in leadership roles within Indian industries. Supported by the Women and Child Development Ministry and Bill and Melinda Gates Foundation, the study engaged 130 industry leaders, with a representation of 54 per cent female and 46 per cent male CEOs, in 16 roundtable discussions across Delhi-NCR, Mumbai, Kolkata, and Bengaluru. Additionally, a survey questionnaire was distributed to Fortune 500 companies for their insights. Women and Child Development Minister Smriti Irani unveiled the findings of the study on Monday. A key finding of this study is the industry leaders' recognition of the government's decade-long efforts to