ITC replaces TCS as India's most admired company in Fortune magazine list
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Indian conglomerate ITC has replaced IT major TCS as the country's most admired company on a Fortune magazine list, which has got as many as 19 new entrants including Cognizant, Birla group firm Idea Cellular and discom BSES Rajdhani Power Ltd, reported PTI.
In the latest list issued by the Fortune magazine for the year 2014, ITC is followed by L&T, Hindustan Unilever, Maruti Suzuki and State Bank of India among the top five most admired companies in India.
But in 2013, TCS was the topper in the list followed by HUL, ITC, Infosys and SBI at in the top-five. TCS has moved down to the sixth position this year. The list has been prepared in collaboration with the Hay Group.