L&T Ahoy! Beats Google and Apple to the Post-Forbe's World's Top Fifty
Forbe's survey puts L&T ahead of Apple and Google inits list of world's top fifty Most innovative companies. Four other Indian companies also make it to the list of fifty.
Quote:
L&T more innovative than Google and Apple
The Forbes list of the world's most innovative companies features India's Larsen & Toubro ahead of US-based Apple Inc. and Google. Four more Indian companies have made it to the top 50.
The innovation premium is a measure of how much investors have bid up the stock price of a company above the value of its existing business based on expectations of future innovative results (new products, services and markets). Members of the list must have $10 billion in market capitalisation, spend at least 2.5 percent of revenue on R&D and have seven years of public data.
Source: Holt, a division of Credit Suisse, in collaboration with Innovator’s DNA LLC; Interactive Data, Thomson Reuters Fundamentals and Worldscope via Factset Research Systems; Bloomberg.
Endquote
Quote:
L&T more innovative than Google and Apple
The Forbes list of the world's most innovative companies features India's Larsen & Toubro ahead of US-based Apple Inc. and Google. Four more Indian companies have made it to the top 50.
The innovation premium is a measure of how much investors have bid up the stock price of a company above the value of its existing business based on expectations of future innovative results (new products, services and markets). Members of the list must have $10 billion in market capitalisation, spend at least 2.5 percent of revenue on R&D and have seven years of public data.
Source: Holt, a division of Credit Suisse, in collaboration with Innovator’s DNA LLC; Interactive Data, Thomson Reuters Fundamentals and Worldscope via Factset Research Systems; Bloomberg.
Endquote
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