First time I saw a domain named `honda`. On further research [1], I see that many companies have Top Level Domains of their name. Why did IANA/ICANN allow TLDs of company's names?
[1]: https://data.iana.org/TLD/tlds-alpha-by-domain.txt
Why not? It is useful for the company, ICANN gets a bunch of money, and it is not hurting anyone else (in fact it arguably benefits everyone else by causing big players to be more likely to stick things under their TLDs rather than monopolizing more .coms and other public TLDs).