Drop in market cap lowers value of Indian firms in top 500 list

Thirteen Indian firms have made it to UK business daily Financial Times list of the world’s 500 most valued companies.Excluding tobacco-to-consumer goods major ITC, all the 12 Indian companies present on the list, including RIL, ONGC, NTPC, SBI, Bharti Airtel, DLF and Reliance Communications, saw their rankings drop.

Financial Times publishes the list based on companies’ market capitalisation at the end of every quarter.