Indian Economy - News & Updates - Archive

[Screaming Skull]

Manufacturing to rebound in Q3 FY'10, low-end goods to lead​

6 May 2009,

NEW DELHI: India will have to wait till the third quarter of this fiscal to witness the rebound in manufacturing, triggered by low-end consumer
durables growth in semi-urban areas, says research firm Deloitte.

"The upswing in manufacturing activity still has to be some months after the new Government is formed, that is by the third quarter of this fiscal, because a lot of policies and stimulus packages will have to find serious implementation," Deloitte India Senior Director Kumar Kandaswami told reporters.

It is demand from the semi-urban and rural economies, mostly for brown goods and low-end consumer durables, that will boost manufacturing activity in some sectors, he said.

Manufacturing production, which constitutes around 80 per cent in the Index Industrial Production, declined 1.4 per cent in February compared to 9.6 per cent growth a year ago.

In major categories, only capital goods posted positive growth, while all other segments like consumer goods, intermediate goods and basic goods production contracted.

Within consumer goods, durables registered a 5.7 per cent growth, while non-durables contracted by 5.5 per cent.

In terms of industries, as many as nine out of 17 have shown negative growth in their output in February year-on-year.

Some industries showed a substantial decline, like metal goods production plunging by 31.3 per cent, food products by 28.1 per cent, wood and wood products by 16.5 per cent.

Manufacturing to rebound in Q3 FY'10, low-end goods to lead- Indicators-Economy-News-The Economic Times

 

[Screaming Skull]

After Nano, Tatas offer flats for Rs 4 lakh ($8000)!​

After Rs 1-lakh people's car Nano, the Tatas on Wednesday unveiled a low-cost realty project which offers a house for less than Rs 4 lakh.

Tata Housing, the real estate development arm of the Tatas, will build one-room-kitchen flats for just Rs 3.91 lakh in a township being developed at Boisar, 100 km from Mumbai.

The salt-to-software Tata conglomerate plans to develop the township within 24 months and allotment of flats would made through lottery, Brotin Banerjee, managing director, Tata Housing said.

Tata Housing's Raisina Residency, Gurgaon
​

The company has plans to replicate the project, Subha Griha, in the National Capital Region (Delhi) and Bangalore in the current fiscal itself, he said.

Tata Housing, Banerjee said, would also start such projects in Chennai and Kolkata and subsequently to other Tier-I and tier-II cities.

"We observed that since most of the people in the low-income bracket live away from their families to earn a livelihood in big cities, there is a large percentage of migrant population with people living in either rented or company provided accommodation," he said.

Aquila Heights, Bangalore, Brotin Banerjee, MD, Tata Housing (inset)​

"Our study shows that 48 per cent of the people in the lower segment are currently staying in rented accommodation.
As a real estate company, we are sensitive to the need of providing this segment with their own home along with community life," he said, however, adding that local people would also be eligible to own homes in these projects.

Aquila Heights, Bangalore​

Banerjee said in the Boisar project, a one BHK (bedroom, hall, kitchen) flat with a total saleable area of 465 sq ft would be available at Rs 6.7 lakh (Rs 670,000).

Out of the total 63.58 acres, there would be also space for "affordable housing" along with hospital, school and a community hall among others within the entire township project.

Aquila Heights, Bangalore​

Affordable housing within the Shubh Griha project could cost anything between Rs 10-15 lakh (Rs 1-1.5 million), he said.

The project would offer a balanced mix of buildings and open spaces, best quality lighting and ventilations for all apartments.

Xylem, Bangalore​

 

[Gabbar]

Toyota to launch Lexus in India soon​

Toyota's Lexus – the dream for many luxury car aspirants in India – is finally coming to the country. Toyota Kirloskar Motor Co on Monday confirmed its plan, announced last year, to import fully-built Lexus cars. However, there is no word on when exactly they will be available to buyers.

A late starter, Toyota's Lexus will have to do some catching up with current luxury car market leader BMW and its closest rival Mercedes Benz. With a 22 per cent increase in luxury car sales reported for the domestic market for the financial year that ended in March, both the German manufacturers have announced expansion plans in India.

Toyota Kirloskar managing director Hiroshi Nakagawa has also not specified which of the Lexus models will be imported. In India, the company is so far mostly known for its Qualis and Innova utility vehicles, which have both proved popular. However, many individually imported Lexus cars are on Indian roads.

Internationally, however, the company has a large range of products, from the HS 250h – which debuted at the 2009 Detroit Auto Show and will become the first Lexus dedicated hybrid luxury model – to the Lexus LX470 sport utility vehicle, which became the LX570 for the 2008 model year, and the luxury saloon Champaign Lexus LS 460.

Covering all bets
Toyota India is also set to launch a small car, which it plans to launch by late next year. The car would be powered with either 1.2-Litre or 1.3-Litre engine and be available in both petrol and diesel versions, with a further choice between sedan and hatchback.

The company had cut down its production to 3500 units per month last November; but encouraged by the recent upturn, it now intends to produce 3800 units in May 2009 and gradually increase this to 5000 units by July this year.

The company is also planning to double its dealership in India from the existing 82 dealers in next two years to push its small car, apart from a CNG variant of the Innova.

 

[Gabbar]

McNally Bharat to acquire German group's engineering, mineral technology businesses news​

McNally Bharat Engineering Company Ltd (MBE), one of India's leading engineering turnkey contracting companies working in various industry sectors, will acquire KHD Humboldt Wedag International GmbH's engineering workshop in Cologne, Germany, and its coal and mineral technology (CMT) business in Germany, India, South Africa, Russia and China, the company said in an announcement to the Bombay Stock Exchange today.

''With this acquisition we shall increase our presence considerably in coal and mineral processing space and have a global presence in this area of business,'' said Deepak Khaitan, chairman, MBE.

The terms and cost of acquisition will be announced later, Khaitan said.

MBE, a joint venture between the Williamson Magor Group and GP Birla Group, has a turnover of Rs1,100 crore.

KHD Humboldt is a world leader in supplying proprietary technologies, equipment and engineering/design services for cement, coal and minerals processing.

KHD, through its subsidiaries, offers engineering services, machinery, plant and processes as well as process automation, installation and RR commissioning to its clients all over the world. The services include staff training as well as pre- and after-sales services.

India accounts for about 35 per cent of KHD's turnover of $700 million a year.

For the year ended 31 December 2008, KHD reported revenues of $638.4 million, with a net loss of $7 million or $0.23 per share (diluted). The loss was largely due to recognition of a non-cash fair value loss on the preferred shares of former subsidiaries of $55.1 million and a loss from contract terminations associated with the international financial crisis of $32 million.

For the previous year ended 31 December 2007, KHD reported revenues of $580.4 million with a net income of $42.1 million or $1.39 per share on a diluted basis.

At the time of announcing the results last month, KHD's CEO Jim Busche said that as a result of the international financial crisis, the company's customers put off their capital expenditure plans which affected KHD's results, adding that the company plans to divest its coal and minerals group in Germany, India, China, South Africa and Australia, and close its manufacturing facility in Germany.

McNally had targeted a turnover of Rs5,000 crore by 2015, but, with this acquisition, it would be achieved sooner, Khaitan said.

For the nine months ended 31 December 2008, MBE had net sales of Rs233.9 crore and net profit of 5.67 crore (unaudited).

In 2008, MBE acquired Sayaji Iron and Engineering Co. McNally Sayaji has an existing facility in Gujarat and had decided on setting up another plant.

MBE's other manufacturing facilities are located at Kumardhubi in Jharkhand, Asansol in West Bengal and Bangalore in Karnataka.

The MBE stock closed at Rs63.55 on the Bombay Stock Exchange, up 2.01 per cent, on Wednesday.

 

[white_pawn]

Downside risks to India's industrial sector still evident: Moody's​

MUMBAI: Manufacturers are experiencing a challenging time. Industrial output was down mildly in three of the latest five months for which data are
available. This may imply that India's industrial sector is in better shape than those of its Asian peers, many of which have posted double-digit declines in recent months.

However, the clear downward trend in India's output growth - which began early in 2007 - is still a worry. Production in India has been gradually losing steam, in contrast to the relatively sudden sharp plunges experienced by other Asian economies following the US subprime crisis and the subsequent global downturn.

Next week, India will likely report yet another month of lackluster manufacturing performance, when the March industrial production numbers are released. However, the recent release of ABN Amro's PMI for India has sparked hopes that manufacturing is recovering, as the index for April returned to positive territory for the first time in six months.

“The positive figure may have prevented market sentiment from worsening for now, but strong optimism is certainly not warranted as downside risks to India's industrial sector are still evident,” said Sherman Chan, economist at Moody’s Economy.com.

Chan added that external demand, which has slumped in recent months, will at best stabilise by year's end. A strong recovery in outbound shipments is not expected before 2010, meaning export-oriented manufacturers face sluggish business conditions for some time yet. Meanwhile, domestic support for the industrial sector is also far from solid, as funding for infrastructure projects has been limited.

The government had planned to use public-private partnerships to fund infrastructure development. However, the turbulent global economic environment has created obstacles to this previously attractive model. Response from the private sector thus far has been reportedly muted.

“Although foreign firms may still relish the chance to tap India's lucrative market, action has likely been curbed by a general rise in risk aversion around the world. Moreover, the recession has cut into firms' capital, giving them less to invest. So long as the global downturn persists, India will face hurdles making much-needed improvement to its infrastructure,” Chan concluded.

Downside risks to India's industrial sector still evident: Moody's- Indicators-Economy-News-The Economic Times

 

[white_pawn]

GDP to get 0.5% boost on back of poll spending​

NEW DELHI: Here's a poll story that is bound to lift your spirits. Huge sums being spent by political parties and their candidates on campaigning
and by the Election Commission on conducting the Lok Sabha elections is estimated to impart a spending stimulus of at least 0.5% of the country's GDP in the last quarter of 2008-09 fiscal and the first quarter of the present financial year.

As parties and candidates jostle for voter mindspace, the large spendings on publicity, logistics and an assortment of related services reach grassroots levels to effectively support low-income households hurt by the downturn, an analysis by Kotak Institutional Equities Research chief economist Mridul Saggar and his colleague Amit Kumar says.

Noting that except bills paid by the EC or state governments, not all spendings by the parties and candidates show up officially, the report says polltime splurging directly benefits small enterprises and entrepreneurs as well as cottage industries that are utilised by parties and candidates for various aspects of their campaigns. "Predictably, as a large part of election spending is in cash, it results in a surge in `currency' with the public," the report says.

On February 18, TOI had first reported how election spendings will act as the third economic stimulus by pumping around Rs 6,000 crore or so into the system. The Kotak report sees the actual impact of elections on the GDP to be much higher at 2.2% than its empirical calculation of between 0.3% at the lower end and 0.7% at the higher.

The report identifies transportation, services, food & beverages, materials & service providers and media & entertainment as the sectors that directly benefit from poll spending. It says the elections lead to a large demand for air service providers as leaders with their family and peripheral staff go rally-hopping across the country on choppers, private aircraft or service flights.

Demand for surface transport too rises, along with fuel, as troops are moved around and candidates go campaigning in their constituencies. At the same time, party workers and supporters too have to be transported for party meetings and rallies from far-flung areas.

GDP to get 0.5% boost on back of poll spending- Indicators-Economy-News-The Economic Times

 

[white_pawn]

Sensex reclaims 12000; metals, banks lead​

MUMBAI: Equities opened higher Thursday after last hour selling pressure in the previous session. Buoyant cues from global shores aided the positive sentiment. All sectoral indices posted decent gains.

Bombay Stock Exchange’s Sensex was up 111 points at 12064. National Stock Exchange’s Nifty was trading at 3660, higher by 35.55 points.

US stocks rose on Wednesday after a private sector reading on the labor market signaled unemployment may be receding and leaked bank stress test results suggested most banks are healthier than expected.

The Dow Jones Industrial Average gained 101.63 points, or 1.21 per cent, to 8,512.28, the Standard & Poor's 500 Index gained 15.73 points, or 1.74 per cent, to 919.53 and the Nasdaq Composite Index gained 4.98 points, or 0.28 per cent, to 1,759.10.

Asian markets are trading on a firm note ahead of the stress test results. The Nikkei 225 Stock Average climbed 4.5 percent to 9,379.02 after three-day holiday. Australia’s S&P/ASX 200 Index added 2.2 percent as a statistics bureau report said employers unexpectedly added workers in April, buoying investor optimism. Hong Kong’s climbed 1.59 per cent, Singapore’s Straits Times advanced 1.57 per cent and South Korea’s Kospi inched 0.8 per cent higher.

Sensex reclaims 12000; metals, banks lead- Market News-Stocks-Markets-The Economic Times

 

[kallu_be]

Tata cracked big time- at 9th. Ahead of Matushita, FedEx, Honda, Walt disney, Google, Microsoft, Philips, Nokia, Pepsi, Sony etc. Also, our SBI is ahead than Microsoft and all after that. Indian companies in the list-

Tata- 9th
SBI- 29th
Infosys- 39
Larsen and Toubro- 47th
Maruti Udyog- 49th
Hindustan Unilever- 69th
ITC Limited- 95th
Canara Bank- 102nd
Hindustan Petroleum- 111th
Indian Oil- 112th
Wipro- 116th
Reliance Group- 132nd
Mahindra & Mahindra- 137th
Bharti Airtel .- 163rd
Bank of Baroda- 174th
Bharat Petroleum- 175th
Punjab National Bank- 177th

Whole list here-
World's Most Reputable Companies: The Rankings - Forbes.com

PS: Content sourced from other private forum.

 

[Screaming Skull]

Tata cracked big time- at 9th. Ahead of Matushita, FedEx, Honda, Walt disney, Google, Microsoft, Philips, Nokia, Pepsi, Sony etc. Also, our SBI is ahead than Microsoft and all after that. Indian companies in the list-

Tata- 9th
SBI- 29th
Infosys- 39
Larsen and Toubro- 47th
Maruti Udyog- 49th
Hindustan Unilever- 69th
ITC Limited- 95th
Canara Bank- 102nd
Hindustan Petroleum- 111th
Indian Oil- 112th
Wipro- 116th
Reliance Group- 132nd
Mahindra & Mahindra- 137th
Bharti Airtel .- 163rd
Bank of Baroda- 174th
Bharat Petroleum- 175th
Punjab National Bank- 177th

Whole list here-
World's Most Reputable Companies: The Rankings - Forbes.com

PS: Content sourced from other private forum.

It s really heartening to see so many Indian companies on that list!

 

[Screaming Skull]

Exports from Special Economic Zones (SEZs) set to reach Rs 1.25 lakh cr ($ 25 billion)​

Friday, May 8, 2009

NEW DELHI: Exports from the Special Economic Zones are expected to reach the target of Rs 1,25,000 cr in the current fiscal, with Reliance Industries' Jamnagar refinery alone likely to contribute Rs 35,000 cr to the total shipments. While leading SEZs like Mahindra World, Nokia, Apache, Hyderabad Gems and Jewellery became operational in 2008-09, exports from these zones fell short of target of Rs 1,20,000 cr in the last fiscal.

“Gems and jewellery, textiles, engineering and telecommunications SEZs, were the major contributors to the exports,'' said Mr L B Singhal, Council’s Director-General. Mr Singhal was confident about meeting the target for the current fiscal with the commi ssioning of the big ticket SEZ Jamnagar refinery by the Reliance Industries in December last. “We are hopeful of achieving the target as the exports from the Reliance Industries Jamnagar SEZ are likely to be worth Rs 35,000 crore,'' he added.

 

[Screaming Skull]

India can comfortably grow 7-8 pc: Former RBI head​

8 May 2009,

MUMBAI: India should emerge from its downturn ahead of developed economies, with recovery depending on an export revival as falling external demand was the main reason for slowing growth, the former head of the Reserve Bank of India (RBI) said.

Yaga Venugopal Reddy, who stepped down as governor of the Reserve Bank of India last September after a five-year term, said India could comfortably achieve a growth rate of 7-8 per cent, but growth faster than 9 per cent could stretch its infrastructure.

"Infrastructure as a simple bottleneck does impose some limits to the extent to which you can boost growth entirely through fiscal stimulus without any effect on the inflation side," he told Reuters in an interview.

Growth in India, Asia's third-biggest economy, is expected to hit a seven-year low of 6 per cent or less in the 2009/10 fiscal year that began on April 1, after growing at or above 9 per cent in the three years to 2007/08. Growth in 2008/09 is expected to have slowed to 7 per cent or less.

"The cause of the slowing down essentially is the export demand," Reddy said, adding even India's diversified export basket was of little help in a global downturn.

Reddy spoke ahead of the release of his book, "India and the Global Financial Crisis", a collection of 23 of his speeches as governor.

Merchandise exports, which account for about 15 per cent of gross domestic product, fell by a third in March from a year earlier, the sixth straight monthly fall. Exports account for a smaller proportion of India's economy than in many Asian countries.

The RBI has cut interest rates aggressively since last October to shore up growth, most recently at a review in April, and the goverment has also announced some stimulus measures but has been hampered by a large fiscal deficit.

The combined deficit of the federal and state governments has shot up to double digits as a per centage of gross domestic product on the stimulus spending and also a generous farm loan waiver scheme and pay hikes for federal workers announced when growth was stronger.

"The persisting high fiscal deficit reduces the scope for further reforms in the financial sector and also make it difficult for India to go on a higher growth path," Reddy said.

"Because in the final analysis, it has an effect on crowding out".

 

[Screaming Skull]

Indian pharma cos upbeat on biogenerics​

Bangalore May 8, 2009,

Even as the substitutability of biogeneric or biosimilar medicines with their original patented counterparts continues to be a matter of debate world over, Indian drug companies, which have introduced biogeneric products or copies of biotechnology drugs in the country, are bullish over the marketing prospects of “biogenerics" after patents expire in developed markets. Companies such as Dr Reddy’s, Biocon, Reliance Life Sciences and Ranbaxy etc. are all in the process of strengthening their biogeneric portfolio to cater to future global demand.

“The biogeneric market in India is pegged at Rs 600 crore, while the US and EU market for biosimilars is estimated to reach $ 21 billion by 2015”, said KV Subramaniam, president and CEO, Reliance Life Sciences (RLS). RLS launched three biosimilars - ReliPoietin (Erythropoietin (EPO), ReliGrast (Granulocyte Colony Stimulating Factor (G-CSF), and ReliFeron (Interferon Alpha 2b) in the domestic market in 2008 and is working on a range of biosimilars, which are at different stages of development viz clinical trials, pre-clinical studies, process development and molecular biology.

“We are concurrently conducting clinical trials for two biosimilars — Erythropoietin and GCSF — in Europe. RLS envisages its subsidiary Reliance GeneMedix Plc as a platform for participating in the European biosimilars market to begin with and eventually for introducing a wide range of biopharmaceuticals. Further, RLS has built significant manufacturing capacity for biopharmaceuticals and all these facilities are compliant with USFDA and EMEA standards,” Subramaniam said.

Kiran Mazumdar Shaw, CEO, Biocon shares the enthusiiasm. Of the $70 billion global biopharmaceutical segment, $ 40 billion will genericise over the next 5 years, she said. “EPO, Insulins and Monoclonal Antibodies are the key drivers of this biogeneric opportunity. Indian biopharmaceutical companies like Biocon, Dr Reddy’s, Intas and Wockhardt are positioning themselves for this emerging opportunity. Products like Insulin, EPO and GCSF are already there in Latin American, Asian and West Asian markets. All these products are also now being developed for registration in the US and European markets,” Shaw added.

While Dr Reddy’s has announced generic biopharmaceuticals as an integral part of its mid-to-long term growth strategy, Ranbaxy has laid out its sourcing strategies with smaller biotech firms like Zenotech and Virchow Biotech to ensure supply of biopharmaceuticals.

“We have made significant efforts have over the years succeeded in creating world class infrastructure and a highly capable team. Dr Reddy’s has developed and markets two biogenerics , Grafeel (filgrastim) and Reditux (rituximab). Both are sold in markets outside India also. We have a portfolio of nine products in our pipeline with two products at clinical development stage,” an official with Dr Reddy’s said.

Experts say that Indian companies may not repeat the success they achieved in selling generic medicines in biogenerics. The cost of clinical trials and the absence of substitutability will ensure that only those with deep pockets to launch such products globally will succeed, they feel.

“Two biologicals cannot be compared for efficacy and safety the way two chemical medicines are compared today. Regulators will think twice before allowing a biotech product to be substituted by a low-cost biogeneric. To prove these medicines are safe and effective as medicines, the companies will have to conduct extensive clinical trials,” said Shrikumar Suryanarayan, director general, Association of Biotechnology Led Entrepreneurs.

Suryanarayan added that rules governing the marketing of biogenerics in the world’s largest drug market – United States –were yet to be framed. Europe and the US are all in the process of finalising their views on biogenerics. The market was there, but it may not be accessible for all Indian biotech firms, he said.

Commenting on Dr Reddy’s plans for follow-on biologics, Goldman Sachs Global Investment Research, India Healthcare report, on March 19 ha dcautioned that though Dr Reddy’s maintained follow-on biologics as future growth driver and a key opportunity, it “still has a gestation period of around two years before beginning to contribute meaningfully”.

“Abbreviated pathways will require an R&D investment of atleast $50 million per biogeneric. Most companies will try and generate atleast part of the clinical data in countries like India to defray costs”, said Shaw.

 

[Screaming Skull]

This news is especially for all the MAN U fans out there. (Btw I hope MAN U thrashes Barca in the Champions league finals!)

Bharti Airtel signs sponsorship deal with Manchester United; Might replace AIG as the shirt sponsor! ​

8 May 2009,

MANCHESTER: Manchester United has signed a five-year sponsorship deal with Bharti Airtel in a further sign of the European champion's global commercial expansion.

The deal with telecom services provider Airtel was announced Friday at Old Trafford by chief executive David Gill.

Airtel customers across India and Sri Lanka will now have access to United content, including matches and interviews.

The Premier League champions are looking for a new shirt sponsor from the 2010-11 season to replace insurance company AIG.

 

[white_pawn]

'Export revival will lead to recovery'​

MUMBAI: It has been about seven months that Yaga Venugopal Raddy, popularly YV Reddy, retired as the governor of RBI. But Reddy, credited globally
to have fenced the Indian economy from the financial meltdown despite severe criticism for his policy decisions, is very much into influencing the macro-economic policies and keeping a close tab of the Indian economy.

Reddy feels that India should emerge from the current downturn ahead of developed economies and its recovery would depend on an export revival as falling external demand was the main reason for the economic slowdown. Reddy was speaking to the media at the launch of his book, ‘India and the Global Financial Crisis: Managing Money and Finance'.

D Subbrao, the man who succeeded Reddy at the central bank, paid rich tributes to the former RBI governor while releasing Reddy's book. Subbarao spelt out several reasons for one to read Reddy's book, among them the writer's clarity of thought and his ability to explain complex macroeconomic issues in a lucid manner. The book, published by Orient BlackSwan, is a collection of 23 of Reddy's articles and speeches during his stint at the RBI.

It was a union of sorts for some of the top officials of RBI. Other than Subbarao, the book-release function was also attended by Ashok Ganguly, a member of RBI's board and SS Tarapore, a former deputy governor at the central bank whom Reddy had replaced in 1996, during the latter first stint at Mint Road.

Earlier, speaking to reporters, Reddy said India could achieve a growth rate of 7-8%, but growth faster than 9% could stretch its infrastructure. "Infrastructure as a simple bottleneck does impose some limits to the extent to which you can boost growth entirely through fiscal stimulus without any effect on the inflation side," he said.

 

[white_pawn]

Tatas, SBI, Infosys among world's top 50 reputed firms​

WASHINGTON: The Tata Group, State Bank of India (SBI) and Infosys Technologies are among 17 Indian firms that figure among the top 50 in a list of
the world's 200 most reputable companies.

With a pulse score of 80.89 on a scale of 0-100, the US-based Reputation Institute ranked the Tata Group 11th above global giants like Google, Microsoft, General electric, Toyota, Coca-Cola, Intel and Unilever.

Italy-based chocolate producer Ferrero was ranked as the most reputable company on the planet right now. With its pulse score moving from 83.52 last year up to 85.17, Ferrero came up from fourth place last year to first, more than a full point ahead of second ranked IKEA.

"However it is the people of India who love their companies the best," noted US business magazine Forbes. "Of India's 27 corporations ranked by the institute, 24 (89 percent) placed above the average. Seventeen of them landed in the top third of the list."

The Reputation Institute's global pulse of 600 companies is a measure of corporate reputation calculated by averaging perceptions of four indicators - trust, esteem, admiration and good feeling - obtained from a representative sample of at least 100 respondents in the companies' home countries.

SBI, India's largest bank, is ranked 29th with a score of 78.11. India's second largest software exporter Infosys is at 39th, with a pulse score of 77.45.

Larsen & Toubro comes next at 47th position with a pulse score of 76.58, while India's largest carmaker Maruti Suzki has been ranked 49th with a pulse score of of 76.26.

Other Indian firms in the top 200 are: Hindustan Unilever (69 - 74.99); ITC Ltd (95 - 73.50); Canara Bank (102- 73.34); Hindustan Petroleum (111 - 73.08); Indian Oil (112 - 73.01); Wipro (116 - 72.77); Mahindra & Mahindra (137 - 71.61); Bharti Airtel (163 - 70.32); Bank of Baroda(174 -- 69.81); Bharat Petroleum(175 - 69.79) and Punjab National Bank (177- 69.67.)

Johnson & Johnson, which placed first in the US for reputation, lands third globally. Kraft Foods places eighth, making the US one of only two countries with two businesses in the global top 10. Brazil is the other. Its Petrobras and Sadia landed fourth and fifth respectively.

Brazil had the second highest percentage of its participating companies ranked above the global average at 76 percent, while 62 percent of American companies received pulse scores above the average.

Tatas, SBI, Infosys among world's top 50 reputed firms - India Business - Business - The Times of India