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The Fortune Global 500 List 2017

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Fortune Global 500 List 2017,Fortune Global 500,7 Indian startups,Walmart,Alibaba Group,Startup Stories,2017 Latest Business News,New Business Ideas in India

The 63rd edition of Fortune Global 500 list, which ranks the world’s biggest companies by their total revenue for their respective fiscal year, is out! This year 7 Indian startups have joined the big Unicorn companies and 40% of the companies on the list are Asian.
The total revenue of the companies in this list from around the world equals $ 28 trillion and the 500 companies combined have earned a total of $ 1.5 trillion in profits. The net profit of these companies equals to about 37% of the Global GDP. These companies are shaping the way people all over the world work, play, shop and live their day to day lives.

This year’s list saw 33 new entries. Retail giant Walmart topped the list for the fourth year in a row. Walmart is the only company on the list which generates more than $ 400 million in revenue. Facebook made its debut on the list with an overall revenue of $ 27.6 billion in its last fiscal year. Facebook has reportedly registered 16 straight profitable quarters.

Three Chinese companies State Grid, Sinopec Group and China National Petroleum have taken up the 2nd, 3rd, and 4th position on the list respectively. Apple, which was previously ranked at the 3rd position moved down to the 9th with a 14.4% drop in its annual profits. Despite a decline in sales and revenue generation, Apple is still considered to be one of the most profitable companies in the world. The United States, on the whole, had 132 companies on the list this year, while China had 109 companies.

10 companies from China made their debut on the list this year including the ecommerce giant Alibaba Group and Shenzhen based investment company Tencent Holdings. Alibaba was ranked number 462 with an annual revenue of $ 23.5 billion closely followed by Tencent Holdings at the 476th position with a revenue of $ 22.9 billion. The HNA Group rose to the 170th position from the 353rd rank. 

In this ultimate score card for big businesses from around the world, Indian Oil Corp was ranked at the 161st position with a revenue of $ 54. 7 billion. Tata Motors which was ranked at the 254th position last year moved to the 226th position, followed by the banking giant State Bank of India at the 232nd position. Rajesh Exports which is a private gems and jewelry major made its debut at the 423rd position.

This year’s Fortune Global 500 list represents 33 countries and all the 500 companies combined employ 67 million people worldwide.

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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Google’s Iconic ‘G’ Logo Gets First Update in 10 Years

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Google has refreshed its iconic ‘G’ logo for the first time in nearly 10 years, replacing the familiar solid blocks of red, yellow, green, and blue with a smooth, vibrant gradient that blends these colors seamlessly. This subtle update gives the logo a softer, more fluid, and modern appearance, aligning with Google’s evolving digital identity and current design trends.

The new gradient transitions smoothly from red to yellow, yellow to green, and green to blue, making the logo more visually appealing and adaptable across various devices, especially on mobile platforms. This redesign also reflects Google’s growing emphasis on artificial intelligence, echoing the gradient style used in the branding of Google Gemini, the company’s AI-generative assistant.

The updated ‘G’ logo has started rolling out on iOS through the Google Search app and on some Android devices, particularly Pixel phones running the Google app beta version 16.18. However, most other platforms, including the web and non-Pixel Android devices, still display the classic solid-color logo. A wider rollout is expected in the coming weeks.

So far, Google’s main wordmark and other product logos like Chrome, Maps, and Gmail remain unchanged. Given the shift toward gradient designs and AI-inspired visuals, similar updates to other Google icons may follow in the future.

In summary, this first major update to the ‘G’ logo since 2015 signals a subtle but meaningful shift in Google’s branding strategy, blending tradition with innovation as the company deepens its focus on AI and modern design aesthetics.

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Ixigo Halts Bookings for Flights and Hotels to Turkey, China

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Indian online travel platform ixigo has suspended all flight and hotel bookings to Turkey, China, and Azerbaijan in response to these countries expressing support for Pakistan after India’s military strikes-dubbed ‘Operation Sindoor’-against terror bases in Pakistan and Pakistan-Occupied Kashmir. The move, announced by CEO Aloke Bajpai on X, was described as an act of solidarity with India during heightened diplomatic tensions following the Pahalgam terror attack.

ixigo’s decision aligns with similar actions by other Indian travel companies, including EaseMyTrip and Cox & Kings, which have also restricted travel services to Turkey, China, and Azerbaijan. The suspensions come amid widespread calls for boycotts after these countries condemned India’s military response and backed Pakistan.

The travel industry’s collective response underscores how geopolitical developments are influencing business decisions, with Indian companies emphasizing national interests and unity in the face of international criticism

 

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