Business
Top Indian firms show resilience post pandemic, TATA Group at top spot
Top Indian companies have shown resilience in post pandemic business conditions and TATA Group, with its brand value up 12 per cent to $24 billion, continues to be the most valuable brand in the country, a new report showed on Wednesday.
Taj Hotels (brand value up 6 per cent to $314 million) is the strongest brand in the ranking with a Brand Strength Index (BSI) score of 88.9 out of 100 and a corresponding AAA brand rating, according to leading brand valuation consultancy Brand Finance.
Brands in the banking (brand value up 16 per cent), IT services (brand value up 15 per cent) and telecoms (brand value up 7 per cent) sectors in India achieve high brand value as the economy is recovering from the impact of Covid-19.
Infosys (brand value up 52 per cent to $12.8 billion) has overtaken LIC (brand value up 28 per cent to $11.1 billion) to become the second most valuable Indian brand this year.
“Infosys has shown impressive growth this year, making it the fastest-growing IT services brand globally of 2022, thanks to its commitment to clients and focus on innovation,” the report mentioned.
Reliance (brand value up 5 per cent to $8.6 billion) achieved some marginal brand value growth to retain fourth position, while the State Bank of India (brand value up 29 per cent to $7.5 billion) improved one ranking position to increase from 7th to 6th.
TATA Group retains its top position “as it led by example through the Covid-19 crisis by innovating using technology to reach the masses”.
“The brand strengthened its strategic business and leadership initiatives with brand building activities across the globe. The brand’s growth with sustainable and inclusive actions at its core is the driving force behind brand TATA,” said the report.
The pandemic and subsequent national lockdowns hit the hospitality sector the most and brands had to re-invent their strategies to remain relevant to the need of tourists.
“The hospitality industry is recovering as five-star business hotels in metropolitan cities across the country have seen occupancy reach 75 per cent to 80 per cent in the past month,” the report noted.
Year 2022 is a tipping point for the Indian IT services industry – as in it, the industry crossed $200 billion in total revenue and $5 million in total workforce.
TCS (brand value up 12 per cent to $16.7 billion) and Infosys (brand value up 52 per cent to $12.8 billion) are among the top 3 most valuable brands globally at the second and third spot, respectively.
The Indian telecommunications industry is making its mark globally. India is the world’s second-largest telecommunications market with a subscriber base of 1.16 billion users.
Airtel (brand value of $7.7 billion) ranks No 1 in telecommunication sector in India with an impressive 28 per cent growth in brand value.
At second position, Jio (brand value up 5 per cent to $5.1 billion) shows gains in growth followed by VI (brand value of $767 million) which continues to be resilient despite its numerous business challenges.
Business
Sensex, Nifty open with marginal gains amid mixed global cues

Mumbai, Sep 25: The Indian equity markets opened with marginal gains early on Friday, amid rising US Treasury yields and continued geopolitical uncertainty weighing on overall sentiment.
As of 9.24 am, Sensex was up 96 points, or 0.13 per cent, to reach 73,676 and Nifty was up 20 points, or 0.09 per cent to reach 23,084.
Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 inched up 0.03 per cent, and the Nifty Smallcap 100 added 0.06 per cent.
Sectoral indices on NSE traded mixed with IT, FMCG, consumer durables and healthcare posting losses. Nifty IT was the top loser, down 1.37 per cent. Nifty realty was the top gainer, up 0.59 per cent.
The US 10-year Treasury yield has moved above the 5.20 per cent mark and remains close to multi-year highs, increasing pressure on global financial conditions and reducing the relative attractiveness of emerging market equities. The rise in global yields, combined with a stronger dollar, has also added pressure on the Indian rupee, analysts said.
On the geopolitical front, uncertainty remains elevated as diplomatic progress between the US and Iran remains unclear. Renewed tensions and continued risks around energy supply routes are keeping global investors cautious, with any further escalation capable of pushing crude prices higher again.
In the previous session, Nifty closed at 23,063, down 1.64 per cent. Immediate support is placed at 22,800–23,000, while resistance is seen at 23,250–23,300.
Bank Nifty closed at 55,438, down 1.96 per cent. Immediate support is placed at 55,000–55,200, while resistance is seen at 55,800–56,000.
In Asian markets, China’s Shanghai index shed 1.04 per cent, and Shenzhen lost 2.34 per cent, Japan’s Nikkei added 1.23 per cent, and Hong Kong’s Hang Seng Index declined 1.77 per cent. South Korea’s Kospi added 0.9 per cent.
US markets ended largely in red overnight, even as Nasdaq added 0.01 per cent. The S&P 500 lost 0.02 per cent, and the Dow Jones shed 0.31 per cent.
On September 24, foreign institutional investors (FIIs) net sold equities worth Rs 5,027 crore, while domestic institutional investors (DIIs) bought equities worth Rs 4,301 crore.
Business
Adani Group Chairman in Kolkata to meet CM Adhikari today

Kolkata, Sep 24: Adani Group Chairman Gautam Adani will meet West Bengal Chief Minister Suvendu Adhikari in Kolkata on Thursday.
Gautam Adani arrived in the city on Wednesday night and on Thursday morning visited the iconic Goddess Kali Temple at Kalighat in South Kolkata and offered prayers.
Later in the day, he will be at the foundation stone-laying ceremony for the Adani Arogya Mandir, a proposed 2,000-bed hospital in New Town. The Chief Minister is scheduled to join the ceremony.
The proposed hospital is seen as a part of the state government’s efforts to attract investment in the healthcare sector and also the beginning of a broader investment push by the Adani Group in West Bengal.
The Adani Group Chairman is likely to have a meeting with CM Adhikari and senior cabinet members, focusing on the Group’s future investments in the state.
After the change of regime in West Bengal, the BJP-led state government is pushing for investments in the state.
CM Adhikari has promised to create more jobs and set up industries. Famous industrialists are coming forward to make investments in the state. The state government expects the Adani Group to invest in multiple sectors in the state.
State secretariat insiders said that the Adani Group has plans to invest in multiple sectors in the state. The Group has already been a part of the restoration of the Writers’ Buildings, the old state secretariat at B.B.D. Bag in Central Kolkata.
Besides that, the Adani Group will be associated with the forthcoming Durga Puja festival. The Group will select the eight best community Durga Pujas and will donate Rs 25 lakh to each.
A special visit programme has also been organised for eminent personalities from home and abroad to showcase the art and tradition of Durga Puja to the world. This special Puja preview tour will be held for three days on October 10, 11 and 12.
Business
Sensex, Nifty post marginal gains as crude prices drop below $100

Mumbai, Sep 23: The Indian equity markets inched up marginally early on Wednesday as crude prices eased below $100 per barrel mark. Investors also remain keen on easing global tensions ahead of scheduled talks between US President Donald Trump and his Chinese counterpart Xi Jinping.
As of 9.20 am, Sensex added 194 points, or 0.26 per cent, to reach 74,732 and Nifty gained 49 points, or 0.21 per cent to reach 23,378.
Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 added 0.33 per cent, and the Nifty Smallcap 100 advanced 0.6 per cent.
Sectoral indices on NSE traded in green except Nifty IT, down 0.37 per cent. Nifty metal was the top gainer, up 1.06 per cent, followed by FMCG and PSU Bank, up 0.55 per cent and 0.5 per cent, respectively.
“The structure of the market in recent days has been technically weak with a downward bias and will remain so in the absence of significant triggers. A sharp dip in crude prices or US bond yields can provide that trigger,” analysts said.
“Domestic liquidity is supporting the broader market. Market activity is now focused on the broader market. Good growth and better growth prospects are attracting investment into many mid-and small-caps but valuations in these segments are getting stretched,” they added.
Global cues are mixed as Asian markets remain broadly positive, supported by technology stocks, while Wall Street stayed near record levels amid renewed AI optimism.
In the previous session, Nifty closed at 23,329, down 0.43 per cent, after opening higher at 23,454. Immediate support is placed at 23,150–23,200, while resistance is seen at 23,450–23,500.
In the previous session, Bank Nifty closed at 56,215, down 0.49 per cent. Immediate support is placed at 55,800–56,000, while resistance is seen at 56,500–56,600.
In Asian markets, China’s Shanghai index shed 0.34 per cent, and Shenzhen lost 0.57 per cent, Japan’s Nikkei added 1.38 per cent, and Hong Kong’s Hang Seng Index declined 0.78 per cent. South Korea’s Kospi added 0.08 per cent.
The US markets ended mixed overnight as Nasdaq gained 0.45 per cent. The S&P 500 remained flat, and the Dow Jones shed 0.36 per cent.
On September 22, foreign institutional investors (FIIs) net sold equities worth Rs 3,800 crore, while domestic institutional investors (DIIs) bought equities worth Rs 4,120 crore.
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