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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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D2C Brand Neeman’s Raises $4 Million for Tier 2/3 Store Expansion & Eco-Friendly Shoes

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StartupStories

Hyderabad, January 13, 2026 Neeman’s, India’s leading D2C footwear brand famed for sustainable shoes and patented PIXLL® technology, has raised $4 million from existing investors. This funding boosts its cumulative capital past $10 million since 2015, with a post-money valuation nearing $50 million. CEO Vijay Chahoria emphasized offline retail as the “next frontier,” planning 50+ new stores in Tier 2/3 cities like Jaipur and Lucknow to blend eco-friendly innovation with hands-on customer experiences.

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Centre Mulls Revoking X’s Safe Harbour Over Grok Misuse

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Grok - StartupStories

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The Grok episode also spotlights the regulatory grey zone around generative AI, where tools can create harmful content at scale even without traditional user uploads. Policymakers are increasingly questioning whether AI outputs should still enjoy the same intermediary protections as conventional user posts, especially when they involve women and children. How the government ultimately proceeds against X over Grok misuse could set a precedent for AI accountability, platform responsibility, and safe harbour interpretation in India’s fast‑evolving digital ecosystem.

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How Pronto Is Redefining 10-Minute Home Services in India with a $25 Million Fundraise

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Home services startup Pronto is in advanced talks to raise about $25 million at a near-$100 million valuation, underscoring strong investor confidence in India’s fast-growing 10-minute home services market. This potential round would be the company’s third major funding milestone after its $2 million seed and $11 million Series A in 2025, backed by marquee investors such as General Catalyst, Glade Brook Capital, Bain Capital and new participant Epiq Capital. The fresh capital is expected to further strengthen Pronto’s positioning as a leading tech-led household help platform for urban consumers.​

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The upcoming $25 million fundraise is expected to be used to enter more metros, deepen presence in existing neighbourhoods with additional hubs and upgrade Pronto’s technology for smarter routing, shift planning and real-time operations. A significant portion of the capital will also go into training, retention and benefits for its workforce to maintain consistent service quality at scale, especially as competition heats up from rivals like Snabbit and Urban Company in the rapid home services space. This near-$100 million valuation not only validates Pronto’s model but also highlights a broader shift toward organised, tech-driven domestic-help solutions in India’s largely informal home-services market.​

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