CURRENT AFFAIRS

Detailed explanation-1: -Top 100 Most Valuable Brands in 2022: Annual Global 500, 2022, has come up with its annual global list comprising of the most valuable brands across the globe. Only Tata Group managed to feature in this illustrious list as the only Indian company to be ranked at 77th position.

Detailed explanation-2: -Tech downturn slashes billions from value of world’s most valuable brands. Amazon has retaken top spot as the world’s most valuable brand despite its brand value falling 15% this year from US$350.3 billion to US$299.3 billion, according to a new report from leading brand valuation consultancy, Brand Finance.

Detailed explanation-3: -With an increase of 35% since last year’s report, Apple retains its top spot on the ranking as the world’s most valuable brand, with a total brand value of $335.1 billion. This is the highest brand value ever recorded in the history of the Global 500 report, which has been published each year since 2007.

Detailed explanation-4: -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-5: -Brand India has shown its strength in Brand Finance’s Global Soft Power Index 2022 study retaining its 7th rank.