Nielsen's Corporate Image Monitor has given highest rating to Tata Motors for its “innovative techniques, providing reliable products and striving for excellence”
New Delhi: Tata Motors has emerged as the most reputed company in India followed by Aditya Birla Nuvo and Bharti Airtel in a survey by Nielsen, a global information and measurement firm, reports PTI.
The survey that tracked the reputation of 32 companies in India based on what they offered in terms of service levels, product quality, financial performance and talent pool, also featured Reliance Industries and Tata Steel among the top five.
Nielsen's Corporate Image Monitor has given highest rating to Tata Motors for its “innovative techniques, providing reliable products and striving for excellence.”
The company was ranked second in the last year's list.
Interestingly, Tata Steel dropped from the first position to fifth this year, while Wipro also slipped from fourth to seventh position.
Other major corporates such as ITC, ICICI Bank and Hero MotoCorp Ltd are the new entrants in the list of top reputed names in the 11th Corporate Image Monitor survey that measures perceptions of the image and reputation of India's leading companies.
“The Corporate Reputation Index is a testament to a brand's reputation, by people that matter most to it," Nielsen India executive director Dinesh Kapoor said.
For stakeholders, this implies they feel the brand is reliable and sustainable in difficult times, he added.
Hindustan Unilever Ltd (HUL), Wipro and HDFC Bank also figured in the list of top firms.
Over 1,700 respondents, consisting of stakeholders such as policy makers, influence groups, the financial community, investors, top level management across corporates, and the general consumer, were consulted for the survey.
Nielsen said “certain 'excitement factors' such as innovation, pace of growth and the extent of media visibility also play a subliminal role in shaping reputations”.
Respondents also outlined 'hygiene' factors or attributes for a company such as 'vision' or 'leadership' as 'must have' image drivers for a brand, it added.
Over one in five respondents indicated that ITC and Tata Motors are the corporates seen most actively involved in corporate social responsibility (CSR) activities, followed by Aditya Birla Nuvo and HUL.
The survey covered the top listed companies of India across industries. The selection of companies for the survey is based on market capitalisation, sales and assets.
“Indian aviation industry has provided jobs to 1.7 million people and contributed 0.45% of the GDP,” Kalam said
New Delhi: Addressing the conference, former President A P J Abdul Kalam said aviation had played a key role in providing employment and made significant contributions to the GDP, reports PTI.
“Indian aviation industry has provided jobs to 1.7 million people and contributed 0.45% of the GDP,” Kalam said, adding that air transportation was growing rapidly in the country and would be sustained.
“There are 450 aircraft and 125 airports. Six metro airports are handling 70% of the traffic, which is leading to congestion, delays and wastage of precious jet fuel which leads to high pollution,” he said, adding that air traffic management has become an urgent issue to be resolved.
The former President said the aviation sector could promote health and spiritual tourism apart from general tourism.
Kalam also released a study about “Economic Impact of Delhi Airport”, conducted by National Council of Applied Economic Research (NCAER).
According to the study, Delhi airport operations contributed 0.45% (Rs 294.7 billion) to the national GDP and its contribution in Delhi's GDP was 13.35%.
“By 2020, the contribution is likely to reach Rs 909.5 billion (0.7% of the national GDP) and 22.2% of Gross State Domestic Product of Delhi,” the study said.
Delhi airport's operation sector contributed in 15,78,000 jobs, of which 64,000 were directly related to airport operations, 4,52,000 were indirect and 10,52,000 were the induced impact through tourism and investment, it said.
The construction activities at the Delhi airport contributed for 6,14,000 jobs of which 35,000 was direct contribution while 5,79,000 were indirect jobs, it said.
Elecon Engineering received major orders worth Rs22.59 crore for supply of material handling equipments and spares
During the month of March 2012, Elecon Engineering Company has received some major orders worth Rs22.59 crore from various clients for supply of material handling equipments and spares for their various projects.
Elecon’s shares closed at Rs59.50 per share on the Bombay Stock Exchange, 1.02% up from the previous close.