IOC overtakes ONGC to become India's most profitable PSU
- Indian Oil Corporation has overtaken Oil and Natural Gas Corporation (ONGC) to become India’s most profitable state-owned company.
- Mukesh Ambani-led Reliance Industries retained the crown of being India’s most profitable private company for the third year in a row, posting a net Rs. 29,901 crore in financial year 2016-17.
- Tata Consultancy Services, India’s largest software services exporter, with a net profit of Rs. 26,357 crore was the second most profitable private company in the country.