'Tatas world's 6th most innovative, RIL 19th'
India’s two leading conglomerates, Tatas and Mukesh Ambani-led Reliance Group, have made it to the league of the world’s 25 most innovative companies, riding on the cheapest commercial car Nano and an aggressive growth path, respectively.
By PTI |
NEW YORK: India���s two leading conglomerates, Tatas and Mukesh Ambani-led Reliance Group, have made it to the league of the world���s 25 most innovative companies, riding on the cheapest commercial car Nano and an aggressive growth path, respectively. In the list of world���s 25 most innovative companies released here on Thursday, Tata group is ranked at the sixth position, while Reliance Industries is at 19th spot.
The list has been compiled by BusinessWeek magazine in collaboration with Boston Consulting Group.Both Tata and RIL have made it for the first time to the annual list which is topped by Apple Computer, followed by Google, Japanese auto major Toyota, General Electric (GE) and Microsoft in the top five.
About Tata group, Business-Week said: ���The Mumbai-based conglomerate jumps onto our list for the first time, fuelled by its paradigm-busting $2,500 ���Nano��� car for the masses. The car, from its Tata Motors unit, is the world���s cheapest, thanks partly to a distribution model that sells the auto in kits to entrepreneurs who assemble them for buyers.���
About RIL, it noted that ���the Indian petrochemicals giant made it onto our list this year thanks to fans of its aggressive growth. But its ambitious plans to reach into grocery retailing, which is dominated in India by small shopkeepers who have rebelled against corporate entrants, have faltered.���
Tata group has been ranked higher than companies like Nintendo, Procter & Gamble, Sony, Nokia, Amazon.com, IBM, Blackberry-maker Research in Motion, BMW, Hewlett-Packard, Honda Motor, Walt Disney and General Motors. Reliance Industries has beaten global giants like Boeing, Goldman Sachs, 3M, Wal-Mart, Target and Facebook.
In an accompanying list of 20 most innovative companies by region, the magazine said Tata and RIL have been ranked at fourth and eighth positions in Asia. Besides, Tatas have been ranked at eighth and 13th ranks in Europe and North America, but RIL does not figure in the Europe and North American lists.
The list has been compiled by BusinessWeek magazine in collaboration with Boston Consulting Group.Both Tata and RIL have made it for the first time to the annual list which is topped by Apple Computer, followed by Google, Japanese auto major Toyota, General Electric (GE) and Microsoft in the top five.
About Tata group, Business-Week said: ���The Mumbai-based conglomerate jumps onto our list for the first time, fuelled by its paradigm-busting $2,500 ���Nano��� car for the masses. The car, from its Tata Motors unit, is the world���s cheapest, thanks partly to a distribution model that sells the auto in kits to entrepreneurs who assemble them for buyers.���
About RIL, it noted that ���the Indian petrochemicals giant made it onto our list this year thanks to fans of its aggressive growth. But its ambitious plans to reach into grocery retailing, which is dominated in India by small shopkeepers who have rebelled against corporate entrants, have faltered.���
Tata group has been ranked higher than companies like Nintendo, Procter & Gamble, Sony, Nokia, Amazon.com, IBM, Blackberry-maker Research in Motion, BMW, Hewlett-Packard, Honda Motor, Walt Disney and General Motors. Reliance Industries has beaten global giants like Boeing, Goldman Sachs, 3M, Wal-Mart, Target and Facebook.
In an accompanying list of 20 most innovative companies by region, the magazine said Tata and RIL have been ranked at fourth and eighth positions in Asia. Besides, Tatas have been ranked at eighth and 13th ranks in Europe and North America, but RIL does not figure in the Europe and North American lists.
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