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Reliance Industries slips 59 places on Fortune list, SBI jumps 16 notches

Shortpedia

Content Team
Image Credit: shortpedia

Reliance Industries Ltd slipped 59 places to rank 155th on the 2021 Fortune Global 500 list released on Monday. Reliance took a beating on the rankings as revenues dropped owing to the COVID-19 pandemic. Walmart continues to top the Fortune list with a revenue of $524 billion, followed by China's State Grid at $384 billion. SBI moved up 16 places to rank 205 but Indian Oil Corporation dropped 61 places to 212th rank.