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<p>Tata Capital, a significant subsidiary of Tata Sons, has transitioned from an NBFC – Core Investment Company (CIC) to an NBFC – Investment Credit Company (ICC) following the Reserve Bank of India's (RBI) approval. This change is part of a larger restructuring effort, which included the merger of Tata Cleantech Capital and Tata Capital Financial Services.</p> <p>In a recent stock exchange filing, Tata Capital confirmed the successful transition, stating that it had received the RBI's Certificate of Registration as an NBFC-ICC. This follows the surrender and cancellation of the registration certificates of the merged entities, TCFSL and TCCL. The restructuring consolidates Tata Capital's financial services under one umbrella.</p> <p>Another significant milestone for Tata Capital is the merger with Tata Motor Finance Ltd (TMFL), a subsidiary of Tata Motors Finance Holdings, announced in June 2024. The merger is expected to take 9-12 months to complete, with Tata Motors set to hold a 4.7% stake in Tata Capital through TMF Holdings.</p> <p>The RBI's tighter regulations, introduced after the IL&FS crisis in 2018, classify NBFCs into four tiers, with Tata Sons and Tata Capital both falling under the Upper Layer (NBFC-UL). This classification mandates that they list their shares by September 2025. However, Tata Capital may seek an extension due to the ongoing merger with TMFL.</p> <p>Despite potential delays, Tata Capital's market capitalization has surged from $33 billion to $48 billion in the past six months, reflecting strong investor confidence as the company prepares for a potential IPO. This transformation marks a pivotal step for Tata Capital as it strengthens its position in the financial sector.</p>
<p>Hexaware Technologies, a prominent IT services and solutions provider, has entered into a strategic partnership with upGrad Enterprise, the corporate training division of upGrad. The collaboration is aimed at advancing the generative AI (Gen AI) skills of over 100 employees, furthering Hexaware’s goal of becoming an AI-first organization. This initiative comes on the heels of Hexaware’s launch of a dedicated Gen AI practice and consulting unit last year.</p> <p>This new training program is designed to prepare Hexaware employees to become skilled Gen AI architects. These professionals will be equipped to develop innovative solutions, tackle complex business challenges, and guide clients towards achieving their objectives using cutting-edge AI technologies. The training will be delivered through a mix of instructor-led sessions and online learning modules, requiring participants to commit 7-8 hours per week over a six-month period.</p> <p>To ensure the right candidates are selected, a panel will assess employees based on their technical and programming expertise. Priority will be given to those who have demonstrated outstanding performance over the past two years and have completed foundational and advanced Gen AI courses. Additional consideration will be given to individuals with a strong background in deep learning and natural language processing (NLP).</p> <p>Satyendu Mohanty, Executive Vice President & Global Head of Talent Supply Chain and Learning & Development at Hexaware, highlighted the importance of this partnership, stating, "Our collaboration with upGrad is a key part of Hexaware’s strategy to rapidly build our workforce’s Gen AI capabilities. By investing in our employees, we are not only preparing them to excel in a rapidly changing technological landscape but also ensuring we continue to deliver exceptional value to our clients. This initiative underscores our commitment to fostering a culture of continuous learning and innovation."</p> <p>Echoing this sentiment, Satyajith Mundakkal, Chief Technology Officer for Digital ITO and Gen AI Services at Hexaware, remarked, "This partnership with upGrad is a significant milestone for us. By equipping our team with advanced Gen AI skills, we are enhancing our internal capabilities and developing a cadre of Gen AI architects. These professionals will be instrumental in designing solutions that deliver real value to our clients."</p> <p>Srikanth Iyengar, Chief Executive Officer at upGrad Enterprise, also expressed enthusiasm about the collaboration, saying, "We are excited to work with Hexaware to provide advanced training in Generative AI to their talented IT professionals. As the global workforce undergoes a profound transformation, our mission is to empower professionals with the skills they need to succeed in an increasingly digital and AI-centric world."</p> <p>He added, "This initiative goes beyond simple upskilling. It’s about aligning Hexaware’s talent with the demands of the evolving business environment. upGrad Enterprise is committed to making learning accessible, engaging, and practical."</p> <p>This partnership between Hexaware Technologies and upGrad Enterprise reflects a forward-thinking approach to workforce development in the realm of generative AI. By investing in specialized training, Hexaware is positioning its employees to thrive in a rapidly changing technological landscape, ensuring they remain at the forefront of innovation in the industry.</p>
<p>Ritesh Agarwal, the founder of OYO, has invested ₹830 crore in the company through his Singapore-based entity, Patient Capital, as part of the latest funding round. This investment is part of OYO's recent capital raise of ₹1,457 crore from a group of investors, as confirmed by insiders.</p> <p>Following this Series G funding round, Agarwal's ownership in OYO will increase from 29.97% to 32.57%. Sources indicate that Agarwal's move is both a strategic effort to maintain his stake in the company and a demonstration of his confidence in OYO's future. The funds supporting this investment are said to come from Singapore-based family offices.</p> <p>Oravel Stays Ltd, OYO's parent company, secured the additional ₹1,457 crore from a consortium of investors, with the fundraising initiative receiving near-unanimous approval—99.99%—from shareholders during an Extraordinary General Meeting (EGM) held on August 8.</p> <p>This latest capital infusion values OYO at $2.4 billion, aligning with the valuation set during the first tranche of the Series G round issued to InCred in July. The funds are being raised through the issuance of Compulsory Convertible Cumulative Preference Shares, each priced at ₹29, consistent with the recent valuation.</p> <p>The newly acquired capital will be directed towards supporting OYO's growth and fueling its global expansion strategy, according to sources familiar with the company's plans.</p>
<p><strong>Key Highlights </strong></p> <p>Mohan Meakin Limited has announced its financial results for the first quarter of FY2025, showcasing notable growth. The company's total income rose by 6.4% to ₹325.12 crore, compared to ₹305.56 crore in the same quarter of the previous year. Compared to the last quarter (₹603.64 crore for quarter March 31, 2024), there was a 46.2% decrease.</p> <p>The Revenue from Operations reached ₹321.80 crore, reflecting a 5.3% increase from ₹305.56 crore in Q1 FY2024 but a significant 46.2% decrease from ₹599.06 crore in Q4 FY2024. <br /><br />Overall, Total Expenses for the quarter stood at ₹305.65 crore, reflecting a 5.5% increase from ₹289.67 crore in Q1 FY2024, but a 45.8% decrease from ₹564.35 crore in Q4 FY2024.</p> <p>Profit Before Tax (PBT) stood at ₹18.61 crore, an increase of 13.8% from ₹16.35 crore in Q1 FY2024, but a 53.6% decrease from ₹40.17 crore in Q4 FY2024.</p> <p>Profit After Tax (PAT) came in at ₹13.68 crore, marking a 9.7% increase compared to ₹12.48 crore in Q1 FY2024, though it decreased by 54% compared to ₹29.69 crore in the previous quarter.</p> <p>Earning per share stood at Rs. 11.08 as against Rs. 11 in Q1FY24 and Rs. 34.90 in the previous quarter. </p> <p>Despite some quarterly decreases, Mohan Meakin Limited has demonstrated a strong year-on-year growth trajectory, underpinned by increased revenue and efficient cost management. The company continues to exhibit solid financial health and remains well-positioned for sustainable growth.<br /><br /><strong><span class="r-b88u0q">Why they are not able to grow much as compared to competitors?</span></strong> <br /><br /><strong><span class="r-b88u0q r-36ujnk">1. Brand Reliance on Old Monk</span> </strong><span class="r-b88u0q"><strong>Limited Product Diversification:</strong> </span>Mohan Meakin's heavy reliance on Old Monk has restricted its ability to diversify its product portfolio. While Old Monk has a loyal following, the company's failure to innovate and introduce new products that resonate with younger consumers has limited its growth potential. <span class="r-b88u0q">Brand Image: </span>Old Monk, though iconic, is often seen as a nostalgic brand. Competing brands have invested heavily in rebranding and appealing to a younger demographic, something Mohan Meakin has struggled with. <br /><br /><strong><span class="r-b88u0q r-36ujnk">2. Marketing and Distribution</span> <span class="r-b88u0q">Lack of Aggressive Marketing:</span></strong> Unlike competitors like United Spirits (with brands like McDowell’s) or Pernod Ricard (with Royal Stag), Mohan Meakin has not invested aggressively in marketing. This has impacted its visibility, especially among newer generations of consumers. <span class="r-b88u0q">Distribution Challenges:</span> Competitors have developed extensive distribution networks, ensuring their products are widely available across all market segments. Mohan Meakin’s distribution network is comparatively limited, affecting its market penetration. <br /><br /><strong><span class="r-b88u0q">UnlistedZone View</span></strong> <br /><br /><span class="r-36ujnk">While Mohan Meakin enjoys strong brand loyalty and a debt-free balance sheet, its growth has been hindered by a combination of reliance on a single iconic product, insufficient marketing, lack of innovation, and slower adaptability to market and regulatory changes.</span> <span class="r-36ujnk">To catch up with competitors, Mohan Meakin would need to revamp its strategy, focusing on product diversification, aggressive marketing, and aligning itself more closely with current consumer trends.<br /></span><img src="https://unlistedzone.com/storage/knowledge-logo/app_image-1723259391.jpeg" alt="" width="100%" /></p>
<p>By acquiring Checkmyguestlster its presence in the European rental market, Softbank-backed Indian hospitality giant OYO has acquired Paris-based rental management company Checkmyguest. This acquisition, slated to be finalized in the latter half of the year, underscores OYO's commitment to expanding its footprint in the short- and mid-term rental space. While the exact financial terms of the deal remain undisclosed, industry sources suggest that Checkmyguest is valued at approximately €100 million. The acquisition also includes housing renovation business HMG (formerly Helpmyguest) and luxury rental apartment management company Studio Prestige.</p> <p><strong>A Major Milestone for Checkmyguest</strong></p> <p>Checkmyguest, co-founded by Joffrey Ichbia, Julien Madar, and Kevin Cohen, has built a strong reputation in the rental property management sector. The co-founders have described the acquisition as an "extraordinary opportunity" that opens up significant development, market, and career opportunities. Writing on LinkedIn, Ichbia stated, “This merger is a major milestone for us and opens up incredible opportunities in terms of development, new markets, and careers.” The co-founders will continue to lead Checkmyguest, ensuring continuity and leveraging their expertise to drive the company’s future growth under OYO’s umbrella.</p> <p><strong>OYO’s Strategic European Expansion</strong></p> <p>This acquisition marks OYO’s third major foray into the European rental market since the launch of OYO Vacation Homes. In 2019, OYO acquired Amsterdam-based vacation rental company @Leisure Group, managing over 50,000 vacation homes across more than 20 European countries. Following this, OYO purchased Croatian vacation rental franchise agency Direct Booker for $5.5 million in May 2022, and Nordic-based holiday home operator Bornholmske Feriehuse three months later. With the addition of Checkmyguest, OYO is set to further solidify its position in the European market.</p> <p><strong>Future Prospects</strong></p> <p>OYO continues to demonstrate its ambition to grow and diversify its offerings in the vacation rental space. Recently, the company announced plans to expand its premium home rental brand, Belvilla, in the UK, and significant growth plans for its OYO Vacation Homes brand, Dancenter. Additionally, in March, Checkmyguest secured funding through a special purpose vehicle (SPV) backed by Swiss Life Banque Privée to convert vacant offices in Paris into short- and mid-term rentals. This strategic expansion and innovation indicate OYO’s unwavering commitment to enhancing its market presence and providing comprehensive rental solutions to its global clientele.</p> <p>By acquiring Checkmyguest, OYO not only strengthens its foothold in the European market but also sets the stage for future growth and innovation in the rental property management industry. This acquisition is a testament to OYO's strategic vision and its relentless pursuit of market leadership in the global hospitality sector.<br /><br /><img src="https://unlistedzone.com/storage/knowledge-logo/app_image-1723173812.jpeg" alt="" width="100%" /></p>
<p>The National Stock Exchange (NSE) has reported robust financial results for the first quarter of the fiscal year 2025, showcasing significant growth across various financial metrics.</p> <p><strong> Key Highlights </strong></p> <p><strong> Total Revenue</strong> </p> <p>NSE recorded a total revenue of ₹4,950 crores for Q1FY25, representing a 47% increase from the previous year's ₹3,357 crores. This remarkable growth highlights the exchange's strong performance and its ability to generate substantial revenue even in a dynamic market environment.</p> <p><strong> Operating Revenue </strong></p> <p>The operating revenue for the quarter stood at ₹4,510 crores, a 51% rise compared to ₹2,987 crores in the previous year. This increase underscores NSE's effective operational strategies and its dominant position in the market, with operating revenue accounting for 91% of the total revenue.</p> <p><strong> Expenses </strong></p> <p>Total expenses, excluding the Additional Contribution to Core SGF as advised by SEBI, amounted to ₹943 crores, a 17% increase from the previous year's ₹806 crores. Including the Additional Contribution to Core SGF, total expenses were ₹1,530 crores, a significant 79% rise from ₹856 crores in the previous year. Cash expenses within this total were ₹1,404 crores, up from ₹753 crores. The increase in expenses was mainly driven by:</p> <p>- Additional Contribution to Core SGF: ₹537 crores<br />- Regulatory Fees: ₹83 crores</p> <p><strong> Operating EBITDA </strong></p> <p>NSE's operating EBITDA performance was noteworthy:</p> <p>- Without Additional Contribution to Core SGF: EBITDA margin stood at 82%, with an absolute value of ₹3,693 crores, up from 76% (₹2,285 crores) in the previous year.<br /><br />- With Additional Contribution to Core SGF: EBITDA margin was 69%, totaling ₹3,106 crores, compared to 75% (₹2,234 crores) in the previous year.</p> <p><strong> Share of Profit of Associates </strong></p> <p>NSE's share of profit from associates increased to ₹25 crores from ₹23 crores in the previous year.</p> <p> Effect of Discontinued Operations </p> <p>The net effect of discontinued operations, after tax, was a reduction of ₹28.93 crores.</p> <p><strong> Profit After Tax </strong></p> <p>Profit after tax (PAT) rose by 52% to ₹2,567 crores, compared to ₹1,844 crores in the previous year, demonstrating strong profitability.</p> <p> <strong>Earnings Per Share </strong></p> <p>Earnings per share (EPS) for the quarter stood at ₹51.86, reflecting the company's solid earnings performance.</p> <p><strong> Net Worth and Book Value </strong></p> <p>As of March 31, 2024, NSE's net worth was ₹26,546 crores, up from ₹23,974 crores. The book value per share increased to ₹536, compared to ₹484 in the previous year.</p> <p><strong> Return on Equity </strong></p> <p>Return on equity (ROE) was 41%, an improvement from 37% as of March 31, 2024, indicating enhanced shareholder value.</p> <p><strong> Revenue Drivers </strong></p> <p>The key revenue drivers for the quarter included:</p> <p><strong> Listing Services </strong></p> <p>Revenue from listing services (including listing, book building, and processing fees) was ₹67 crores, up from ₹45 crores in the previous year.</p> <p><strong> Data Centre and Connectivity Charges </strong></p> <p>Revenue from data centre and connectivity charges increased to ₹260 crores from ₹194 crores, with racks contributing ₹32 crores (up from ₹28 crores) and connectivity charges at ₹228 crores (up from ₹166 crores).</p> <p><strong> Treasury Income </strong></p> <p>Treasury income rose to ₹340 crores from ₹303 crores, with operating treasury income contributing ₹20 crores.</p> <p><strong> Transaction Charges </strong></p> <p>Transaction charges experienced a significant increase of 44%, reaching ₹3,623 crores, up from ₹2,525 crores, contributing an additional ₹1,098 crores.</p> <p>NSE's Q1FY25 results reflect its strong market position, operational excellence, and the ability to generate substantial revenue and profitability growth. The exchange continues to demonstrate resilience and adaptability in a competitive and evolving market landscape.<br /><br /><img src="https://unlistedzone.com/storage/knowledge-logo/app_image-1723173283.jpeg" alt="" width="100%" /></p>
<p>The recent amendment in long-term capital gains (LTCG) tax rules, effective from July 23, 2024, has introduced a flat tax rate of 12.5% on unlisted shares for both NRIs and resident Indians. This change eliminates the previous LTCG of a 20% tax rate with indexation for Resident and 10% without indexation for NRIs. While this adjustment simplifies the tax structure, it disproportionately impacts NRIs compared to residents due to the removal of indexation and the foreign currency adjustment that was initially proposed but never implemented.</p> <h3>Key Factors Impacting NRI and Resident Returns</h3> <ol> <li> <p><strong>Currency Fluctuations</strong>:</p> <ul> <li>NRIs are exposed to currency risk, as their returns depend on the exchange rate between their home currency (e.g., USD) and INR at the time of purchase and sale. Currency depreciation can reduce their gains significantly when converting proceeds back to their home currency.</li> </ul> </li> <li> <p><strong>Impact of Indexation</strong>:</p> <ul> <li><strong>Residents</strong>: Previously benefited from indexation, which adjusted the purchase price for inflation, reducing taxable gains. With the new 12.5% rate, this benefit is lost, but the lower tax rate can still result in higher post-tax returns.<br /><br /></li> <li><strong>NRIs</strong>: Never had indexation benefits but now face a higher tax rate without the proposed foreign currency adjustment, leading to potentially lower net returns.</li> </ul> </li> </ol> <h3>Example: Comparing NRI and Resident Returns</h3> <h4>Scenario Details:</h4> <ul> <li><strong>NRI Investor</strong>: Purchased 1,000 shares of CSK at INR 50 each in 2020.</li> <li><strong>Selling Price</strong>: INR 150 per share in 2024.</li> <li><strong>Exchange Rate in 2020</strong>: 1 USD = INR 70.</li> <li><strong>Exchange Rate in 2024</strong>: 1 USD = INR 80.</li> </ul> <h4><strong>Table 1: NRI Capital Gains Comparison (Before and After July 23, 2024)</strong><br /><br /></h4> <table style="width: 62.7061%;"> <thead> <tr> <th style="text-align: center; width: 48.845%;"><strong>Particulars</strong></th> <th style="text-align: center; width: 25.8127%;"><strong>Before July 23, 2024</strong></th> <th style="text-align: center; width: 25.261%;"><strong>After July 23, <br />2024</strong></th> </tr> </thead> <tbody> <tr> <td style="text-align: center; width: 48.845%;"><strong>Purchase Price (INR)</strong></td> <td style="text-align: center; width: 25.8127%;">50,000</td> <td style="text-align: center; width: 25.261%;">50,000</td> </tr> <tr> <td style="text-align: center; width: 48.845%;"><strong>Selling Price (INR)</strong></td> <td style="text-align: center; width: 25.8127%;">150,000</td> <td style="text-align: center; width: 25.261%;">150,000</td> </tr> <tr> <td style="text-align: center; width: 48.845%;"><strong>Capital Gains (INR)</strong></td> <td style="text-align: center; width: 25.8127%;">100,000</td> <td style="text-align: center; width: 25.261%;">100,000</td> </tr> <tr> <td style="text-align: center; width: 48.845%;"><strong>Foreign Currency Adjustment</strong></td> <td style="text-align: center; width: 25.8127%;">No</td> <td style="text-align: center; width: 25.261%;">No</td> </tr> <tr> <td style="text-align: center; width: 48.845%;"><strong>Capital Gains in USD</strong></td> <td style="text-align: center; width: 25.8127%;">1,428.57 (100,000/70)</td> <td style="text-align: center; width: 25.261%;">1,250 (100,000/80)</td> </tr> <tr> <td style="text-align: center; width: 48.845%;"><strong>Taxable Gains in INR</strong></td> <td style="text-align: center; width: 25.8127%;">100,000</td> <td style="text-align: center; width: 25.261%;">100,000</td> </tr> <tr> <td style="text-align: center; width: 48.845%;"><strong>LTCG Tax Rate</strong></td> <td style="text-align: center; width: 25.8127%;">10%</td> <td style="text-align: center; width: 25.261%;">12.5%</td> </tr> <tr> <td style="text-align: center; width: 48.845%;"><strong>Tax Payable (INR)</strong></td> <td style="text-align: center; width: 25.8127%;">10,000</td> <td style="text-align: center; width: 25.261%;">12,500</td> </tr> <tr> <td style="text-align: center; width: 48.845%;"><strong>Net Gains After Tax (INR)</strong></td> <td style="text-align: center; width: 25.8127%;">90,000</td> <td style="text-align: center; width: 25.261%;">87,500</td> </tr> <tr> <td style="text-align: center; width: 48.845%;"><strong>Net Gains After Tax (USD)</strong></td> <td style="text-align: center; width: 25.8127%;">1,285.71 (90,000/70)</td> <td style="text-align: center; width: 25.261%;">1,093.75 (87,500/80)</td> </tr> </tbody> </table> <h4><strong><br />Table 2: Resident Indian Capital Gains Comparison (Before and After July 23, 2024)<br /></strong><br /><br /></h4> <table style="width: 65.1492%;"> <thead> <tr> <th style="text-align: center; width: 52.0167%;"><strong>Particulars</strong></th> <th style="text-align: center; width: 23.5941%;"><strong>Before July 23, 2024</strong></th> <th style="text-align: center; width: 24.3113%;"><strong>After July 23, 2024</strong></th> </tr> </thead> <tbody> <tr> <td style="text-align: center; width: 52.0167%;"><strong>Purchase Price (INR)</strong></td> <td style="text-align: center; width: 23.5941%;">50,000</td> <td style="text-align: center; width: 24.3113%;">50,000</td> </tr> <tr> <td style="text-align: center; width: 52.0167%;"><strong>Selling Price (INR)</strong></td> <td style="text-align: center; width: 23.5941%;">150,000</td> <td style="text-align: center; width: 24.3113%;">150,000</td> </tr> <tr> <td style="text-align: center; width: 52.0167%;"><strong>Capital Gains (INR)</strong></td> <td style="text-align: center; width: 23.5941%;">100,000</td> <td style="text-align: center; width: 24.3113%;">100,000</td> </tr> <tr> <td style="text-align: center; width: 52.0167%;"><strong>Indexation Benefit</strong></td> <td style="text-align: center; width: 23.5941%;">Yes</td> <td style="text-align: center; width: 24.3113%;">No</td> </tr> <tr> <td style="text-align: center; width: 52.0167%;"><strong>Indexed Cost (Assumed Indexing)</strong></td> <td style="text-align: center; width: 23.5941%;">60,000</td> <td style="text-align: center; width: 24.3113%;">NA</td> </tr> <tr> <td style="text-align: center; width: 52.0167%;"><strong>Taxable Gains (INR)</strong></td> <td style="text-align: center; width: 23.5941%;">90,000</td> <td style="text-align: center; width: 24.3113%;">100,000</td> </tr> <tr> <td style="text-align: center; width: 52.0167%;"><strong>LTCG Tax Rate</strong></td> <td style="text-align: center; width: 23.5941%;">20%</td> <td style="text-align: center; width: 24.3113%;">12.5%</td> </tr> <tr> <td style="text-align: center; width: 52.0167%;"><strong>Tax Payable (INR)</strong></td> <td style="text-align: center; width: 23.5941%;">18,000</td> <td style="text-align: center; width: 24.3113%;">12,500</td> </tr> <tr> <td style="text-align: center; width: 52.0167%;"><strong>Net Gains After Tax (INR)</strong></td> <td style="text-align: center; width: 23.5941%;">82,000</td> <td style="text-align: center; width: 24.3113%;">87,500</td> </tr> </tbody> </table> <h3>Analysis</h3> <p><strong>NRIs</strong>: The transition to a 12.5% tax rate without any foreign currency adjustment means that NRIs may face reduced returns, particularly in scenarios where the INR has depreciated against the USD. The lack of a currency adjustment mechanism further exacerbates this issue.</p> <p><strong>Resident Indians</strong>: While they lose the benefit of indexation, the reduced tax rate of 12.5% can, in some cases, lead to higher post-tax returns, making the change more favorable compared to NRIs who are still dealing with currency risk without any mitigating benefits.</p> <p>In conclusion, the new LTCG rules are less advantageous for NRIs due to the combined effect of higher tax rates and currency risk, whereas resident Indians might benefit from the simpler, lower tax structure.</p>
<p>Sterlite Power has secured orders worth Rs 1,500 crores in its Global Products and Services (GPS) business during Q1 FY25, adding to an existing order book of over Rs 6,560 crores. The new orders, spanning both domestic and international markets, reflect the growing demand for Sterlite's high-performance, green products, and specialized Engineering, Procurement, and Construction (EPC) services.</p> <p>The high-performance conductors and Optical Ground Wire (OPGW) segments are witnessing strong demand. The company secured significant orders for conductors, especially for Tariff Based Competitive Bidding (TBCB) transmission projects, thereby maintaining market leadership in India and becoming the supplier of choice. Additionally, Sterlite Power has secured orders from new export markets, strengthening its export focus. The business also received orders for supplying OPGW to various domestic and international customers.</p> <p>In the power cables sector, Sterlite Power is playing a crucial role in enhancing India’s power infrastructure and disaster preparedness. The company secured major orders worth Rs 250 crores for supplying Medium Voltage (MV) cables under the Government of India’s disaster management scheme, aimed at ensuring uninterrupted power supply in disaster-prone areas. </p> <p><br />Furthermore, Sterlite is contributing to industrial modernization by securing a turnkey project to replace aging overhead power cable systems. These projects highlight the company's expertise in large-scale infrastructure projects and commitment to reliable power distribution solutions, with multiple orders in the EHV, HV, and MV cables categories.</p> <p>Sterlite Power's specialized EPC services have also seen significant growth. The company secured an important order to uprate two 66kV lines for Gujarat Energy Transmission Corporation (GETCO) through line reconductoring using high-performance conductors. This project marks Sterlite Power’s first HTLS reconductoring initiative in the western region, representing a significant milestone for the company.</p> <p>Reshu Madan, CEO of Global Products and Services, emphasized the remarkable expansion of the GPS business, driven by the robust transmission sector and India's economic outlook. The new orders reflect Sterlite Power's strategic business growth goals and the increasing demand for its products both domestically and internationally.<br /><br /><img src="https://unlistedzone.com/storage/knowledge-logo/app_image-1723174101.jpeg" alt="" width="100%" /></p>
<p>Oravel Stays, the parent company of OYO, announced plans on Tuesday to expand its premium offerings by launching 25 new hotels under the 'SUNDAY' brand within the current financial year. This initiative is a collaborative effort between Oravel Stays and the Softbank Group.</p> <p>The expansion will see new SUNDAY Hotels in key travel locations, including Gurgaon, Manesar, and Corbett. According to Oravel Stays, this move is aimed at enhancing their presence in metropolitan areas, starting with Gurgaon.</p> <p>"Launching in metropolitan cities, beginning with Gurgaon, is a strategic step for SUNDAY Hotels as we strive to meet the dynamic demands of our guests. We have selected each location with care to ensure guests have easy access to business hubs, cultural sites, and entertainment centers," stated Aditya Sharma, Business Head of Oravel Stays Private Ltd.</p> <p>Currently, three SUNDAY Hotels are already operating in Jaipur, Vadodara, and Chandigarh.</p>
<p>Investing in unlisted shares can be a lucrative endeavor if approached with the right strategies and insights. Here, we outline key tactics and considerations for making substantial gains in the unlisted market in India.</p> <h3>1. Focus on IPO-bound Companies</h3> <p><strong>Invest in Companies with Clear IPO Visibility:</strong> One of the most effective strategies for making significant returns in the unlisted market is to invest in companies that are expected to go public in the next 2-3 years. Companies preparing for an Initial Public Offering (IPO) often experience substantial growth in valuation as they approach their public listing. As an investor, you should look for companies with strong fundamentals, consistent growth, and clear market tailwinds.</p> <p><strong>Evaluate Growth Prospects:</strong> Before investing, ensure that the company has the potential for growth over the next five years. Look for industries with positive tailwinds, such as technology, healthcare, and renewable energy, where companies are likely to benefit from broader economic and industry trends.</p> <h3>2. Timing Your Investments</h3> <p><strong>Avoid Buying Just Before IPO Announcements:</strong> Investors often rush to buy unlisted shares a few months before the IPO, leading to a surge in demand and, consequently, higher prices. This inflated demand can sometimes push the price of unlisted shares above the expected IPO price, reducing potential profits. Therefore, it's advisable to invest well before any IPO announcements to secure shares at more reasonable prices.</p> <h3>3. Lock-in Period and Safety Margin</h3> <p><strong>Understand the Lock-in Period:</strong> In the Indian market, there is typically a lock-in period of six months for Main Board IPOs and one year for SME IPOs after the shares are listed. This means you cannot sell the shares immediately after the IPO. To mitigate risks, ensure there is a reasonable safety margin between the unlisted share price and the expected IPO price.</p> <p><strong>Secure Profits When Necessary:</strong> If you purchase unlisted shares at INR 100 and receive news that the IPO will be priced at INR 150 in two years, and the unlisted price rises to INR 130-140 before the IPO, consider booking profits. This approach allows you to transfer the risk to more aggressive investors while securing your gains.</p> <h3>4. Types of Investors in the Unlisted Market</h3> <p><strong>Long-term vs. Short-term Investors:</strong> There are two primary types of investors in the unlisted market: those who invest 2-3 years before the IPO and those who invest just before the IPO. Both strategies have their pros and cons. Long-term investors benefit from significant growth if the company performs well, but they must be patient and willing to ride out market fluctuations. Short-term investors, on the other hand, aim for quicker returns but must carefully analyze the safety margin between the unlisted and IPO prices.</p> <h3>5. Avoid Common Pitfalls</h3> <p><strong>Avoiding Buying Errors:</strong></p> <ul> <li><strong>Not Buying Shares That Should Have Been Purchased:</strong> Conduct thorough research to identify high-potential companies early.</li> <li><strong>Not Acquiring the Appropriate Quantity:</strong> Balance your investment to align with your risk tolerance and financial goals.</li> <li><strong>Purchasing Shares That Should Not Have Been Bought:</strong> Avoid companies with poor fundamentals or uncertain growth prospects.</li> </ul> <p><strong>Avoiding Selling Errors:</strong></p> <ul> <li><strong>Not Selling Shares That Should Have Been Sold:</strong> Monitor market conditions and company performance to determine optimal exit points.</li> <li><strong>Not Selling the Right Quantity:</strong> Diversify your portfolio to reduce risk exposure.</li> <li><strong>Selling Shares That Should Not Have Been Sold:</strong> Ensure you are not exiting a high-potential investment prematurely.</li> </ul> <h3>Additional Considerations</h3> <p><strong>KYC Requirements:</strong> To buy unlisted shares, you will need to complete the KYC process. Required documents typically include your Client Master Report (CMR), PAN card, and a canceled cheque.</p> <p><strong>NRO vs. NRE Accounts for NRIs:</strong> NRIs can use either NRO or NRE accounts to invest in unlisted shares. However, dealing with NRO accounts is often more straightforward due to fewer regulatory complications.</p> <p><strong>Taxation:</strong> Understand the tax implications of your investments. Short-term capital gains (STCG) apply if you sell shares within two years, and long-term capital gains (LTCG) apply after two years, with the benefit of indexation for calculating taxes.</p> <h3>Conclusion</h3> <p>Investing in the unlisted market requires a strategic approach, diligent research, and careful timing. By focusing on IPO-bound companies, understanding the nuances of timing and lock-in periods, and avoiding common investment errors, you can maximize your returns and build a robust portfolio in the unlisted market.</p> <p>For more detailed information on specific unlisted shares and the latest market prices, visit <a href="https://unlistedzone.com/unlisted-shares-price-list-india" target="_new" rel="noreferrer">UnlistedZone</a></p> <p> </p>
<p>During a recent vendor association meeting in Bangalore, Waaree Energies Ltd was honored with the Long Association Award by Enerparc Energy Pvt Ltd. This accolade recognizes Waaree's substantial role in Enerparc's achievements. Enerparc, a German company known for its expertise in large-scale solar projects, praised Waaree for its exceptional quality and dependability.</p> <p>Amit Paithankar, the CEO of Waaree Energies, accepted the award with appreciation, highlighting the company's unwavering commitment to upholding high standards and ensuring punctual deliveries. He reiterated Waaree’s dedication to the solar sector and its ongoing collaboration with Enerparc.</p> <p>Enerparc’s CEO, Kalyanram Udathu, along with Nataraj Suryanarayana, the Executive VP of Supply Chain Management and Project, commended Waaree for its stellar performance. They emphasized Waaree's steadfast commitment to quality and reliability.</p> <p>This recognition underscores Waaree Energies’ dedication to advancing clean energy solutions and fostering strong global partnerships, which are vital for driving the renewable energy transition and bolstering economic growth.</p>
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