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: been done on the basis of the standard industrial classification of all economic activities adopted by the Government of India. A company with more than one activity is classified within that industry from which it derives more than a half of its sales or main income.

* Mergers and acquisitions have also become major factors in corporate growth during 2006-07. Some companies amalgamated with others during the year. These are, with names in brackets: Indian Oil Corp (IBP) and Reliance Industries (IPCL).

* Some companies could not be included due to lower sales during 2006-07 but was in the list of FE-500 during 2005-06. These are Amtek India, Bharati Shipyard, Banswara Syntex, Bombay Dyeing, Dharani Sugars & Chemicals Drugs, Flex Inds, Kennametal Widia, Kirloskar Pneumatic, Loyal Textiles, Micro Inks, Manali Petrochem, Merck, Nagarjuna Agrichem, Nector Lifescience, Nahar Exports, Nocil, PCS Technology, Rama Newsprint, RCF, South India Corpn., Super Spg. Mills, Steelco Gujarat, Videocon Communication, and VST Inds.

* Market capitalisation figures are calculated on the basis of Bombay Stock Exchange (BSE) quotations and for some companies National Stock Exchange (NSE) quotations are considered. Some companies are delisted from the stock exchanges or not quoted during the last one year, so we have not considered those companies for our study.

* Companies which are delisted or not quoted for long are Bayer Cropscience (I), Cadbury (I), Carrier Aircon, ESI, Flextronics Software, Herdilia Chemicals, Liberty Oil, Modern Syntex, Mohan Meakings, OTIS Elevator (I), Philips Electronics (I), Sandvik Asia, and Syngenta Inds.