New Delhi. Tata Group has once again emerged as the country's most valuable brand. According to the latest report of Brand Finance, the brand value of Tata Group is currently $ 28.6 billion and it has increased by nine percent compared to last year. Brand Finance has said in a statement that the brand value of Tata Group shows that for the first time an Indian brand has reached close to the valuation of $ 30 billion.

Infosys' brand value also increased

According to the report, the brand value of the giant IT company Infosys has also increased by nine percent and despite the global slowdown, Infosys has remained the second most valuable company in the country with a valuation of $ 14.2 billion. HDFC Group has been third in this list with a valuation of $ 10.4 billion. According to the report, the value of banking brands has increased by double digits and Indian Bank, IndusInd Bank and Union Bank have topped this category.

Tremendous jump in brand value of telecom sector

The telecom sector achieved a 61 per cent growth in brand value, followed by banking (26 per cent) and mining, iron and steel sectors, which recorded an average growth of 16 per cent. "Telecom companies such as Jio, Airtel and Vi have driven growth by adapting to changing patterns of consumer device usage. Structural reforms and regulatory reforms in the banking sector have enhanced the brand values ​​of leading public sector banks," the report said.

It said that the stature of hospitality brand Taj is continuously growing and it has become the strongest Indian brand with AAA+ brand strength rating.