Daily News Podcast: Samsung continues to be most trusted brand in India : Bulletin: Business Today
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Daily News Podcast: Samsung continues to be most trusted brand in India

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BusinessToday.In | April 18, 2018

Samsung continues to be most trusted brand in India: Report

South Korean consumer durables firm Samsung continues to be the most trusted brand in the country followed by Sony and LG, while Tata Group, the only Indian company to feature in the top five, occupied the fourth slot, according to The Brand Trust report 2018. The top three brands retained their last year's position while Tata moved up a place. US-based Apple took the fifth position, losing a spot from last year. PC maker Dell improved by two places to be placed sixth, while auto major Honda took the seventh position.

Cash crunch is back

Empty ATMs have returned to haunt states like Telangana, Andhra Pradesh, Karnataka, Bihar and Madhya Pradesh. The government has attributed this crunch to an "unusual spurt in currency demand" but different sets of people are giving different reasons to this familiar crisis. Bank officials have said people were hoarding Rs 2000 notes which were going back into the black economy. Another theory is that political parties are hoarding cash in the run-up to the Karnataka elections. Congress party chief Rahul Gandhi has linked this crunch to the Nirav Modi fraud and demonetisation.

India to re-emerge as one of fastest growing economies in 2018-19: IMF

India is expected to grow at 7.4 per cent in 2018 and 7.8 per cent in 2019, leaving its nearest rival China behind respectively at 6.6 and 6.4 per cent in the two years, the IMF said on Tuesday. With growth picking up after falling sharply in the second quarter of 2017 due to "one-off factors", India in 2018 and 2019 would re-emerge as one of the fastest growing major economies, it said.

ICICI Bank on-boards over 250 corporates on its blockchain platform

ICICI bank has said it has successfully on-boarded over 250 corporates on its blockchain platform for domestic and international trade finance transactions, as reported by the Economic Times. The private sector bank said that with this, leading Indian corporates -- including ones from the "S&P BSE 100 Index" -- are now undertaking domestic/international trade finance transactions on its custom-made blockchain platform.

IT department conducts searches on McDonald's franchise

The Income Tax carried out searches at premises of Hardcastle Restaurants Pvt ltd (HRPL), the master franchisee of fast food chain McDonald's, in Delhi and Mumbai, officials said. The Income Tax officials alleged that searches were carried out against the HRPL following allegations of tax evasion. HRPL is a step down subsidiary of Westlife Development Ltd, a company listed on stock exchanges, including BSE.

Jewellers expect 15% growth in Akshaya Tritiya sales

This Akshaya Tritiya, jewellers expect 10-15% growth in sales compared to last year, despite higher gold prices as reported by the Times of India. Currently, 10 grams of 24-carat gold is priced at around Rs 31,000 - higher than last year's rates, which hovered at Rs 29,000. With positive sentiments, customers are looking to purchase lightweight jewellery to put up with the high prices.It is believed that Akshaya Tritiya is good to initiate new beginnings and brings good fortune and luck.

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