Tuesday, December 6, 2011

TATA Motors top Indian company for research - European Commission

Automobile giant TATA Motors has pipped giants like Reliance Industries and Infosys to become India's top ranked company for research and development as per a list compiled by the European Commission.

In its annual R&D Scorecard of the companies from across the world, the European Union's executive body European Commission has ranked TATA Motors at the top among the 18 Indian companies on its list, compiled on the basis for investment towards R&D and business innovation initiatives.

Among Indian firms, TATA Motors is followed by IT firms Prithvi Information Solutions and Polaris Software, state run BHEL (Bharat Heavy Electricals) and another auto giant Mahindra & Mahindra in the top-five.

IT giant Infosys is placed at 10th position among the Indian firms, followed by Mr Mukesh Ambani led retail to energy titan Reliance Industries at 11th position.

Pharma giant Dr Reddy's Laboratories is at 8th, while the country's most valued PSU and oil major ONGC is at 17th.

Other Indian firms on the list include Kpit Cummins Info (6th among companies from India), Zylog Systems (7th), Lupin (9th), Core Projects & Technologies (12th), Bharat Electronics (13th), Ashok Leyland (14th), Cipla (15th), Sun Pharmaceutical Industries (16th) and FCS Software Solutions (18th).

The global list is topped by Swiss pharma giant Roche, followed by American drugmaker Pfizer, software giant Microsoft, Japanese auto giant Toyota and US based pharma major Merck in the top-five positions.

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