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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (635)	2/9/2000 1:12:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

OTFeeR Annual Review 200- Asia's leading Companies (country:-India) RELIANCE INDUSTRIES TAKES TOP SPOT IN INDIA FOR FIRST TIME IN ANNUAL REVIEW 200: ASIA'S LEADING COMPANIES SURVEY Hong Kong, December 22, 1999-India's largest private firm, Reliance Industries, has been named as the country's top company in the Far Eastern Economic Review's seventh annual corporate survey. The magazine's annual Review 200: Asia's Leading Companies survey asked more than 3,500 people in Asia to rank more than 500 companies on a range of criteria. Their results produced the Review 200, comprising 90 companies from outside Asia that do business in the region, as well as 10 companies from each of 11 countries in Asia. The complete results of the survey will appear in a special end-of-year double issue of the Far Eastern Economic Review that appears on newsstands tomorrow. Reliance stepped up from second place, where it's been for the past two years, after former No. 1 Hindustan Lever was excluded from the poll because it is now more than 50% owned by a multinational, the Anglo-Dutch personal products and food giant Unilever Reliance is a diversified group with interests ranging from textiles to telecoms, but petrochemicals and petroleum products lie at the core of it business. The company is among the world's top five producers of polyester staple fibre and polypropylene, which are used in a range of products from pillows to car bumpers, and has has technology-sharing agreements or tie-ups with Britain's ICI and America's Enron and E.I. Dupont, among others. "Among Indian companies, Reliance stands out in its ability to think global," says Ridham Desai , an Indian strategist at Morgan Stanley in Bombay. "It has huge economy of scale." Elsewhere in the Review 200, there's a strong showing from India's information technology and software companies, which came into their own on the nation's stock market in 1999. Two of the new entries into the Indian top-five, Infosys Technologies (which was No.2) and Wipro Infotech (No. 4), are software-services firms. The third new entry, Ranbaxy Laboratories (No.5), is a pharmaceuticals company. What they all share is a competitive advantage based on the quality of their intellectual capital, the Review says. The top ten Indian companies in the Review 200 are (in order): Reliance Industries, Infosys Technologies, Larsen & Toubro, Wipro Infothech Group, Ranbaxy Laboratories, Indian Tobacco Company (ITC), Madras Rubber Factory (MRF), NIIT, Bajaj Auto and Hero Honda Motors. ===================== The Review 200: Asia's Leading Companies is an annual Review survey conducted in association with AT&T and administered by ACNielsen Research (Singapore). The Review 200 comprises 110 companies based in Asia-10 from each of 11 countries-and 90 multinationals that do business in the region. As in previous surveys, Asian-based companies are ranked only in their home markets; non-Asian companies are voted on in all 11 countries of the survey. =====================