Mumbai Brand Trust Report 2013 sources claim finish Smartphone manufacturer, Nokia Corporation (ADR) (NYSE:NOK), Samsung and technology brand Sony Corporation (ADR) (NYSE:SNE) to be the most reliable brands this year. The report was released on Tuesday basing its primary research over 61 attributes knowingly Brand Trust Matrix.
In terms of third straight year analysis, Nokia is on the leading when Samsung and Sony are known to have inclined the two positions from 2012 to acquire both second and third spaces.
A significant progress has been observed in BMW’s records that have acquired its place to 20 in becoming the fourth most reliable brand of India. Tata is observed to decline from three positions to fifth one after having an acquired position of second in the last two years. India’s sixth reliable brand is known to be Godrej that has been reported to incline to five ranks from 2012. Reliance is ranked as seventh, acquiring 3 positions over last year.
Other analyses have revealed Bajaj to slip from 8th ranking to 7th ranking in 2012. Airtel is the one that is known to have had sustained its current ranking at number nine where LG is number ten in India’s reliable brands’ ranking report of 2012.
The Finnish Smartphone maker, Nokia has officially declared its investment of quarter billion dollars over its venture funding division named as Nokia Growth Partners. The cash injection no doubt is affective enough to provoke Nokia Growth Partners member bodies to play their important role in investment in terms of extensive potential business aspects in between the mobile ecosystem. The capitalist of venture are in the process of focusing on US, European and Asian Nokia markets.
The company had made money up to US$269 M during 4Q of 2012 and is heading ahead in broadening its existence in the Chinese Market, along with appointing AMD’s ex-president David Tang as Director Lu Guo.
Current Nokia investment is in 3Q since it set up Growth Partners in the year 2005. Swype and many such firms have been reported where Nokia had been investing funds.
NOK shares fell -0.12% to $4.20, Sony Corporation (ADR) (NYSE:SNE) shares fell -0.13% to $15.12 in current session.