The reigning champion has been dethroned. The star of the new economy in India, software behemoth Tata Consultancy Services, beat RIL, though by a whisker. Does this herald the start of a new kind of rivalry between these two giants? Full coverage: India's top 500 companies
TCS has, for the first time, emerged the top company in the BT 500 list. It is the first private sector company to pip RIL - which has repeatedly bagged the No. 1 spot in previous years - in a decade. Robust growth in a tough economic climate pushes the company to the top.
After monopolising the top spot in the BT 500 ranking for nine years, Mukesh Ambani's RIL had to make way for TCS this year. This is not surprising, given the challenges RIL has had to face across its businesses, new and old, in recent years. Full coverage: India's top 500 companies
A large proportion of the workforce today in the Indian factories is young. It has high aspirations but low patience. Widespread disparity in compensation and positions is pushing blue collar workers towards violence.
Indian companies have come a long way since 1959, when industrialist Basant Kumar Birla set up the first major venture by an
Indian company in a foreign country - a textile mill in Ethiopia.
Companies from these sectors, which were among the worst affected by the economic slowdown, dominate the declines in rankings and market capitalisation this year.
Full coverage: India's top 500 companies
The Bajaj Group, ranked 6th in terms of Mcap, grew faster than any other business house, while Reliance ADAG shrank.
As in 2011, private and public sector companies have been clubbed to produce a single, comprehensive ranking.
Crunching numbers to get to our 500 listing, we uncovered six companies with market-cap growth averaging more than 1,000 per cent over the past year.
Different yardsticks, different benchmarks - and the companies which topped the list in each case.
The top five companies in different sectors, by market cap
The combination of belief, the right management teams in each unit, and working with them has worked in Tata Consultancy Services' favour, says CEO and Managing Director N. Chandrasekaran.