The BusinessWeek’s latest annual list ‘The Infotech 100′ ranks firms on the basis of shareholder return, return on equity, total revenues and revenue growth. The list is topped by US firms –Amazon.com and Apple. Here is the List

1 AMAZON.COM -U.S.
2 APPLE -U.S.
3 RESEARCH IN MOTION -Canada
4 NINTENDO -Japan
5 WESTERN DIGITAL -U.S.
6 AMÉRICA MÓVIL -Mexico
7 CHINA MOBILE -China
8 NOKIA -Finland
9 ASUSTEK COMPUTER -Taiwan
10 HIGH TECH COMPUTER -Taiwan
11 GOOGLE -U.S.
12 MTN GROUP -S. Africa
13 IBM -U.S.
14 MOBILE TELESYSTEMS -Russia
15 TELEFÓNICA -Spain
16 VIMPELCOM -Russia
17 HON HAI PRECISION IND. -Taiwan
18 AT&T -U.S.
19 ACCENTURE -U.S.
20 LG ELECTRONICS -Korea
21 BHARTI AIRTEL -India
22 ORACLE -U.S.
23 MICROSOFT -U.S.
24 MAROC TELECOM -Morocco
25 TURKCELL ILETISIM HIZMETLERI - Turkey

[ The InfoTech 100 ]

We have a government in New Delhi with the best brains, the dream team — Oxford-educated Prime Minister Manmohan Singh and Harvard-educated Finance Minister P. Chidambaram. If they don’t deliver, then what?

Just six months ago, India was looking good. Nothing, it seemed, could stop the forward march of this Asian nation.

But stop it has. In the past month, India has joined the list of the wounded. The country is reeling from 11.4% inflation, large government deficits, and rising interest rates. Foreign investment is fleeing, the rupee is falling, and the stock market is down over 40% from the year’s highs.

Growth is slipping, stocks are down 40%, and foreign stock market investors are fleeing. Businessmen blame the ruling coalition for failing to make reforms.

The big hope for a return to the course of reform in India, businessmen hope, will be a new government in New Delhi next year.

[ more India’s Economy Hits the Wall ]

Skyrocketing travel costs force Indian companies like Maruti Suzuki, M&M, TCS, and ABN Amro Bank want executives to fly economy class instead of business or first class .

Business class air fare has risen about 60% in one year. For instance, a business class ticket costs about Indian Rupee 17,000, compared to nearly Indian Rupee 11,000 a year ago.

[ Soaring Fares Force Indian Companies to Fly Economy Class ]

Billionaire Mukesh Ambani’s Group firm Reliance Petroleum entered the coveted club of the top ten most valued firms in India , with a gain of over Rs 3,800 crore in its market capitalisation that stood at Rs 78,525 crore.

Top Ten most valued firms in India

Reliance Petroleum
Reliance Industries
ONGC
Bharti Airtel
Reliance Communications
NTPC
Infosys Technologies
NMDC
MMTC
TCS