CURRENT AFFAIRS

Detailed explanation-1: -For the seventh year, HDFC Bank remained the top-ranked brand in India with a total brand value of more than $20.2 billion. LIC reached the no. 2 spot, with Tata Consulting Services at no. 3.

Detailed explanation-2: -Tata Consultancy Services was the most valued brand across India in 2022. This means it had the highest reputation as a company, and was valued at over 45 billion U.S. dollars that year. HDFC followed the private financial institution with over 32 billion dollars-worth in brand value.

Detailed explanation-3: -Xiaomi still number one for 2022 For the entire year, it was Xiaomi emerged as number one with a 20% market share. Samsung was a close second with a 19% market share. Vivo, Oppo, and Realme completed the top five brands with 17%, 15% and 14% market shares respectively.

Detailed explanation-4: -Apple regained its position as the world’s most valuable brand in 2022, with an estimated brand value of over 947 billion U.S. dollars. Google ranked second that year, having been valued at nearly 820 billion U.S. dollars. Overall, the brand ranking was dominated by U.S.-based tech companies.

Detailed explanation-5: -After several years at the top as India’s most valuable brand, HDFC Bank has ceded the numero uno position to TCS. In Kantar Brandz India’s 2022 Rankings, the homegrown IT giant came out tops with a brand value of $45.52 billion. TCS’ brand value rose 212 per cent between 2020 and 2022.