Apr 19 2008
Tata and RIL named in world’s top 25 innovative firms!
India’s two leading conglomerates, Tatas and Reliance have recorded their names in the world’s top 25 innovative companies. Tata at rank six has provided the cheapest Nano car while Mukesh Ambani’s Reliance scored position 19th has established aggressive growth plans.
It is first time that the two companies has entered the list of top 25 topped by Apple Computer, the maker of iPod music players and Mac personal computers. Internet search giant Google is at position two followed by Japanese auto major Toyota, industrial conglomerate General Electric (GE) and software behemoth Microsoft in the top five.
The list, published in the April 28 edition of Business Week magazine that hit the newsstands today, has been compiled by the US financial publication in collaboration with Boston Consulting Group.
Business Week said about Tata Group, “Mumbai-based conglomerate jumps onto our list for the first time, fuelled by its paradigm-busting 2,500 dollar ‘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,” it added.
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I am always looking for good relevant information and latest news, thx for the info and i will be back later i have to go visit few other blogs on the same subject