According to Interbrand, renowned global brand consultancy Tata Consultancy Services (TCS) and Reliance Industries have topped the list of most valuable brands in the country. According to a report, two brands owned by billionaire Mukesh Ambani – Reliance Industries and digital unit Jio made it to the list of top five most-valuable brands in India. The diversified Reliance Industries with a brand value of ₹65,320 crore became the second most-valuable brand, while telecom and digital unit Jio with a brand value of ₹49,027 crore became the fifth most-valuable company in the country. The brand value of Reliance Industries grew at 121% in the last ten years. Tata Consultancy Services (TCS) retained the top spot as the most valuable brand in the country, with a value of about ₹1.1 lakh crore. IT company Infosys with a brand value of ₹53,323 crore and HDFC with ₹50,291 crore occupied the third and fourth positions respectively on the list. This year's edition showcases remarkable growth, with a total list value of ₹8.3 lakh crore (USD 100 billion), marking a significant 167 per cent increase over the past decade. This is the first time the total value of the table has surpassed the USD 100 billion mark.
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If the sum of the product of the deviation of X and Y from their means is zero, the correlation coefficient between X and Y is: