COMPANY INCORPORATION
Hyperlocal tastes, identities get more and more play in Indian advertising
The marked shift to hyperlocal narratives, highlighted in Kantar's Creative Effective Study 2024, stems from a growing consumer demand for culturally rooted stories over pan-India narratives.
Many South Korean companies assured investment in Karnataka across gaming, auto and FMCG sectors
The meeting took place between M.B. Patil, Minister for Large and Medium Industries and Infrastructure Development, Government of Karnataka and prominent Korean companies such as YG-1, Krafton Inc., Go Pizza, and HY Automotive Controls.
Indiabulls Housing Finance rebrands itself, name changed to Sammaan Capital
Indiabulls Housing Finance has rebranded itself as Sammaan Capital after receiving the necessary approvals from regulatory authorities. This includes the Certificate of Incorporation from the Registrar of Companies and the Certificate of Registration as an NBFC-ICC (Investment and Credit Company) from the Reserve Bank of India.
Sebi for mandatory disclosure of risk-adjusted return by MFs
"... it is felt that the risk adjusted return (RAR) of a scheme portfolio represents a more holistic measure of the scheme's performance because it quantifies the amount of return generated by a mutual fund scheme for each unit of risk taken to achieve that return," Sebi said in a discussion paper.
Sebi proposes mandatory disclosure of 'risk-adjusted return' by mutual funds
Risk-adjusted return offers a comprehensive view of a mutual fund's performance by measuring the return earned per unit of risk taken. Currently, regulations do not require disclosure of RAR alongside standard returns for mutual funds.
Buy Star Health, target price Rs 730.: Motilal Oswal
Star Health and Allied Insurance Company Ltd., incorporated in the year 2005, is a Large Cap company (having a market cap of Rs 31780.89 Crore) operating in Financial Services sector.
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Everstone to merge two healthcare companies, list combined firm
Everstone Capital, a Pan Asia private equity fund, is merging Translumina Therapeutics, a major cardiac stent maker in India, as part of a big-ticket IPO plan.
Buy Indian Hotels Company, target price Rs 680: Motilal Oswal
Indian Hotels Company Ltd., incorporated in the year 1902, is a Mid Cap company (having a market cap of Rs 90871.91 Crore) operating in Tourism & Hospitality sector.
Buy HDFC Life Insurance Company, target price Rs 710: Geojit
HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 128239.29 Crore) operating in Financial Services sector.
ESG consultancies and services on the rise as companies rush to get sustainability tag
Emerging consultancies and ESG services companies have a lot of opportunities but struggle due to lack of awareness and data.
Buy ICICI Lombard, target price Rs 2100: Motilal Oswal
ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 85278.90 Crore) operating in Financial Services sector.
Time to revisit as regulatory tightening cleans up the sector: 5 housing finance stocks with upside potential of up to 25%
Housing finance as a sector, has been at the forefront of bearing the brunt of both regulatory changes and also different scams at different points of time. But then it has thrown winners like HDFC and losers like DHFL. So, this is a sector which is bound to grow given the fact that demand for housing is always going to rise. What matters is which stock one owns and also another factor is the time frame with which it has been bought. The reason for the time frame is that this sector has to deal with interest rate cycles and also regulatory changes which makes the stock prone to phases of under performance. In the last one year, since the time RBI has been overhauling the regulatory provision of every segment of financial services these stocks have underperformed , but now recently once again they are showing signs of life coming back.
Smartwatch companies turn to premium buyers looking for upgrade
Leading smartwatch brands like Noise, Boult, and Boat are targeting repeat buyers with premium hardware to increase average selling prices and improve profitability amid declining shipments and intense competition. They are using their own processors, high-end materials, and aesthetic enhancements, while aggressively expanding into offline retail channels. This shift follows a 7.3% drop in Q1 2024 shipments and a fall in ASP to $20.65. The focus is now on offering premium products with better features to attract discerning consumers.
Tata Motors board okays to incorporate new wholly-owned unit
Tata Motors board approves setting up wholly-owned subsidiary TML Commercial Vehicles Ltd for commercial vehicles business.
Buy Titan Company, target price Rs 4000: Motilal Oswal
Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 287811.40 Crore) operating in Gems and Jewellery sector.
ITC hotel demerger plan gets competition watchdog's approval
The Competition Commission of India (CCI) has approved the demerger of ITC Ltd's hotel business into a separate entity, ITC Hotels Ltd. The new entity will be listed on stock exchanges after the demerger. ITC will continue to hold a 40% stake, while the remaining 60% will be held by the conglomerate's shareholders. The proposed internal restructuring exercise will not alter market dynamics.
Coal India incorporates new arm for coal-to-chemical business
Coal India's subsidiary BCGCL, with BHEL and GAIL, aims for coal-to-chemicals business with ammonia, nitric acid, and ammonium nitrate production, contributing significantly to domestic coal output.
Company registrations drop in April, but LLPs continue to scale fresh peak
In April 2023-24, company registrations fell 3.7%, while LLPs surged 36%. The trend continued from the previous year, reflecting optimism and growth prospects despite technical challenges and a high base effect.
IREDA incorporates subsidiary in GIFT City, Gujarat
Pradip Kumar Das, Chairman & Managing Director of IREDA, said, "This subsidiary not only positions IREDA to extend its global reach but also acts as an offshore platform for securing competitive funding to drive the renewable energy sector's growth." He added that IREDA's entry into the IFSC is anticipated to unlock fresh business prospects and establish its global footprint in the renewable energy sector.
India sees incorporation of 1.85 lakh companies in 2023-24
During FY 2023-24, a total of 1,85,312 companies were registered with a collective paid up capital of Rs 30,927.40 crore, according to the corporate affairs ministry's information bulletin for March.
NHAI set to incorporate wayside amenities into design of highways
NHAI is targeting 1,000 wayside amenities over the next five years--one at every 50 km along national highways--against 600 envisioned earlier in partnership with the private sector, a senior government official told ET.
Registration of cos, LLPs scales fresh peak in FY24
India incorporated a record 1,85,314 companies and 62.7% more limited liability partnerships (LLPs) in FY24 compared to the previous year, reflecting optimism about the country's growth prospects. The record incorporation comes despite technical glitches and a crackdown on shell companies.
Ministry of Corporate Affairs reports record high incorporations in 2023-2024 fiscal year
MCA reported the highest incorporations in 2023-2024, signaling economic growth and job creation opportunities. The surge reflects the government's initiatives to enhance the business environment and India's attractiveness for investment and enterprise.
JSW Infrastructure incorporates arm to execute project at JNPT
JSW Infrastructure incorporates JSW JNPT Liquid Terminal Pvt Ltd in Mumbai for a port project at JNPT, Maharashtra. The subsidiary received a Letter of Intent for equipping, operation, maintenance, and transfer of liquid cargo berths LB3 and LB4. The LoI requires the incorporation of a special purpose vehicle within 30 days to fulfil the stated obligations.
JSW Steel incorporates subsidiary for hot, cold-rolled steel products
JSW Green Steel Ltd has now become its wholly-owned subsidiary, the company said. "The new entity has been incorporated for manufacturing of hot-rolled and cold-rolled products of steel, which is in line with the main line of business of the company," JSW Steel said.
Elon Musk says SpaceX has moved its incorporation to Texas from Delaware
The move comes after the billionaire founder and electric vehicle maker Tesla's CEO said earlier this month that he will hold a shareholder vote to move Tesla's state of incorporation to Texas, where it has its headquarters, after a Delaware judge invalidated his $56-billion pay package.
Registration of companies, LLPs hits fresh high in FY24
Optimism about the country’s medium-to-long term economic growth prospects and steps to ease compliance burden and promote ease of doing business are driving the record incorporation, senior government officials said.
Elon Musk seeks Tesla shareholder vote on moving incorporation to Texas
Tesla will hold a shareholder vote to transfer its state of incorporation to Texas from Delaware, days after a judge invalidated Elon Musk's $56 billion pay package. Musk, who shifted Tesla's headquarters to Austin, Texas in 2021, plans to move the company's incorporation to Texas. The majority of the over 1.1 million votes cast in a poll favored the shift.
ZEEL shareholders reject the reappointment of two independent directors
The special resolutions seeking the reappointment of Vivek Mehra and Sasha Mirchandani as independent directors didn't receive the requisite 75% yes votes from the shareholders. Only 47.95% and 71% of the votes were cast in favour of the special resolution for the reappointment of Mehra and Mirchandani as independent directors.
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