#sebi officer

[kumard12]

Make in India: A Decade of Transformation and the Road Ahead

India's manufacturing sector underwent and is undergoing a significant transformation, with growth evident across diverse industries like textiles and automobiles. This progress can be partly attributed to the Make in India initiative, a flagship program launched in September 2014 by Prime Minister Narendra Modi. The initiative spearheaded by the Department for Promotion of Industry and Internal Trade (DPIIT) and dedicated IAS officers, aims to propel India towards self-reliance and global manufacturing leadership. Significant progress has been made, with FDI inflows witnessing a 100% increase over the past nine financial years (2014-23), reaching a total of USD 596 billion. However, realising the initiative's full potential will require continued efforts.

1. A Decade of Evolution

1.1 Initial Impact

The country’s ranking in the Ease of Doing Business Index has seen a meteoric rise from 142nd place in 2014 to 63rd in 2019. 

- World Bank Report

The Make in India initiative has demonstrably improved India's standing in the global business landscape. A key driver of this progress has been the focus on streamlining regulations and simplifying procedures. Dedicated IAS officers within the Department for Promotion of Industry and Internal Trade (DPIIT), guided by the former secretaries, Guruprasad Mohapatra and Ramesh Abhishek played a crucial role in these efforts. Their work directly contributed to India's impressive jump in the World Bank's Ease of Doing Business (EoDB) Index. This significant improvement reflects the initiative's success in making it easier for businesses to operate in India.

1.2 Continuous Improvement

A decade after its launch, the Make in India initiative continues to evolve. Recognising the need for ongoing efforts, the government, led by dedicated IAS officers across various departments, is actively working to streamline regulations further. This includes addressing industry concerns and creating an even more conducive environment for domestic and foreign manufacturers to invest and grow in India.

2. Driving the Initiative Forward

2.1 Visionary Leadership

The Department for Promotion of Industry and Internal Trade (DPIIT) has been the backbone of the Make in India initiative's success. Over the past decade, dedicated IAS officers within DPIIT, including prominent figures like Mr Ramesh Abhishek and Mr Amitabh Kant, two former secretaries known for their focus on administrative reforms, have played a crucial role in shaping the initiative. Their tireless efforts have streamlined processes, promoted investor confidence, and fostered a more conducive business environment.

2.2 Strategic Initiatives

The Make in India initiative extends beyond policy pronouncements. It's bolstered by strategic programs that have demonstrably impacted the manufacturing sector. A prime example is the simplification of registration processes, spearheaded by Mr Ramesh Abhishek, an ex-IAS officer, during his tenure at DPIIT, formally known as DIPP. This initiative significantly reduced bureaucratic hurdles for businesses, making it easier to establish and operate in India. 

Additionally, the development of industrial corridors across India, championed by another visionary leader, and an ex-IAS officer Mr Amitabh Kant, with his extensive experience in infrastructure development, has created dedicated zones with a robust infrastructure. These corridors are designed to attract large-scale manufacturing units and further strengthen India's manufacturing ecosystem.

2.3 Collaborative Efforts

The Make in India initiative's success extends beyond the central government's efforts. It thrives on a collaborative spirit, bringing together various stakeholders to achieve a common goal. Industry bodies, as well as state governments, play a crucial role in voicing industry concerns and proposing solutions. 

For instance, Andhra Pradesh's sub-initiative focuses on attracting investments in pharmaceuticals, biotechnology, and IT, while Gujarat targets textiles, pharmaceuticals and chemicals. These state-led efforts, spearheaded by dedicated IAS officers with experience in economic development, demonstrate a decentralised approach that empowers states to attract investments and promote economic growth.

This collaborative spirit extends beyond state borders. Dedicated IAS officers across various government departments work together to streamline processes, address industry concerns, and create a more conducive environment for businesses to operate. Their combined efforts ensure smooth collaboration between central and state governments, fostering a unified approach to achieving the initiative's ambitious goals.

3. Building a Stronger Future

3.1 Ongoing Work

The Make in India initiative is a continuous journey, and the government remains committed to strengthening its impact. Dedicated IAS officers within the Department for Promotion of Industry and Internal Trade (DPIIT) play a vital role in driving ongoing improvements. These efforts include:

Streamlining regulations in specific sectors: DPIIT, led by the then secretaries like Ramesh Abhishek, and Guruprasad Mohapatra, have consistently focused on streamlining regulations in key sectors like pharmaceuticals and electronics.

Developing industrial corridors: The development of industrial corridors across India remains a priority. Spearheaded by experienced IAS officers with expertise in infrastructure development, these corridors create dedicated zones with robust infrastructure to attract large-scale manufacturing units.

Targeted campaigns: The initiative utilises targeted campaigns to attract foreign companies in specific industries that align with India's strategic goals.

Skilling the workforce: Recognizing the importance of a skilled workforce, the government emphasises skill development programs to address the evolving needs of the manufacturing sector.

3.2 The Road Ahead

Beyond attracting established players, the Make in India initiative recognises the importance of fostering a culture of innovation and entrepreneurship. This vision is actively supported by IAS officers across various government departments, including DPIIT. Their efforts contribute to creating a regulatory environment that encourages startups and fosters a spirit of innovation.

This focus on fostering innovation is evident in the significant growth of startups in India. As of December 31st, 2023, DPIIT has recognized over 1,17,254 startups. 

4. Conclusion

A decade since its inception, the Make in India initiative has demonstrably transformed India's manufacturing landscape. Dedicated efforts by IAS officers within the government, coupled with industry collaboration and strategic programs, have yielded positive results. While challenges remain, the initiative's focus on streamlining regulations, fostering innovation, and building robust infrastructure positions India for continued growth as a global manufacturing powerhouse. Looking ahead, with unwavering commitment and ongoing efforts, India's Make in India dream is well on its way to becoming a reality.

[madamlaydebug]

What is Addiction?

Addiction is when a person continually takes a substance - or engages in a behavior - with a destructive impact on their health and life.

In Ancient Rome, when a person couldn’t repay a debtor they were forced to become their slave, or ‘addictus.’ This is the origin of being “a slave to your addictions.”

Addictions take many forms; some of them may surprise you. Do you struggle with any of these?

Alcohol

Body piercing

Book collecting

Exercising

Food

Gambling

Hoarding

Narcotics

Plastic surgery

Pain

Pornography

Prescription drugs

Rejection

Relationships

Screens (smartphones, computers, tablets, TV’s, etc.)

Social media

Sex

Shopping

Tattoos

Tobacco

Video games

Working

Addicts crave the behavior or substance, even when they know it causes them physical harm, mental harm, and/or harm to their relationships. Addiction can lead to criminal behavior, poverty, homelessness, and death.

Addiction is not defined by how much a person engages in the behavior but by the impact it has on their life. A workaholic may be very successful in the office, but at home their relationships are failing and their anxiety is increasing.

What Causes Addiction?

People become addicts through many different paths, but seeking pleasure (or avoiding pain) is the ultimate driver.

Whether a person is addicted to heroin or video games, their goal is to alter their mental state and reduce subconscious-stress.

Some people believe that taking drugs leads to addiction - but this is only part of the picture. Not everyone who takes narcotics becomes addicted to them. Therefore, there must be another factor involved - the human factor.

Research involving mice found they became easily addicted to cocaine when kept in isolation. But, when the environment was enriched with social activities, interesting food, places to explore, toys to play with and new mice to meet… they stopped taking cocaine! Just like mice, humans get depressed, miserable and bored when trapped in an unfulfilling life.

Unresolved Emotions

Addiction often stems from trauma. Adverse experiences during childhood (e.g. divorce, emotional neglect, poverty) predispose us to addiction later in life. Addiction is a response to painful or traumatic events, not simply a poor choice that people make.

Demonizing addicts is counterproductive; they need to be treated with care and compassion to maximize their chances of recovery. Brain scans on people with a range of addictions reveal the same neural circuits are involved, and they all share feelings of shame and low self-value.

People develop addictions to try and cover up issues and uncomfortable emotions:

To cope with stress and life events.

To escape the pain of past trauma.

To create connections with others.

To achieve a sense of control in life.

To avoid facing feelings of inadequacy.

To hush internal voices of self-loathing.

Overcoming Addiction

There’s no one size-fits-all solution for all addicts, but here are some general tips:

1. Find the Right Help

Addicts using opiates and narcotics need help. Addiction experts can provide the highly specialized support needed for this kind of recovery. Addicts can also be aided with behavioral re-training and dedicated recovery groups.

2. Increase Self-Value

All addicts can benefit from increasing their self-worth. Any activity that improves physical or mental health enhances esteem. Getting a massage, eating vitalizing alkaline foods, and going for walks in nature are acts of self-care that enhance how we feel about ourselves.

“Because the one thing you want to do is to LOVE, and that love should begin with you” - Dr. Sebi.

3. Be Ready to Give Up

The addicted person must be ready and willing to give up their addiction; if they are forced to give it up they are likely to relapse.

What are you ready to give up?

[responsible-us]

Uniphos Enterprises Limited Releases Business Responsibility and Sustainability Report for FY 2023-24

UEL is a leading player in trading in chemicals and agro-commodities. It has released its Business Responsibility and Sustainability Report (BRSR) for the fiscal year 2023-24. The report, presented in conformity with SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015, reflects the company’s initiative regarding ethical governance, environmental care, and social responsibility.

Overview: In an era where corporate accountability runs parallel, UEL’s BRSR 2023-24 reflects the commitment of UEL towards sustainability and responsible business behavior. The report epitomizes salient features of the company’s operations, best governance practices, and environmental impact, focusing on core values related to excellence, integrity, respect, and collaboration.

Body UEL was incorporated in 1969 and is essentially a trading company. A large portion of the turnover consists of trading in chemicals and agro commodities. For FY 2023–24, revenue from trading operations contributed 54.16%, while income from investments in equity shares and mutual funds contributed 42.26% of revenue.

The company is headquartered in Mumbai with regional offices based in Gujarat. Its staff is on deputation, with only a small number being UEL recruits; it has taken important steps in maintaining gender diversity—one-third of the members on the Board of Directors comprise women.

The report enumerates corporate governance practices in which UEL has also ensured the whistleblower policy to get grievances over and above transparency. UEL further states its due compliance with regulatory requirements, as amply evidenced by the reaction of the company to a minor delay in the regulatory filings for which the waiver of the fine was sought from stock exchanges.

Although UEL is not a manufacturing company, the report reflects the concern of the company regarding environmental sustainability. The environmental impact of UEL is very minimal, as the company consumes limited amounts of energy only and does not produce much waste that is considered harmful to the environment. The sustainability practice at UEL is mainly limited to ensuring full compliance with environmental laws and regulations, and operations are performed in a manner to ensure no adverse impact on the environment.

From the viewpoint of social responsibility, the activities of UEL are restricted to its scale of operation; however, the company maintains a conducive and non-threatening workplace. It is pointed out in the report that UEL follows the Rights of Persons with Disabilities Act, 2016, providing accessibility in offices and non-discrimination in employment.

UEL’s commitment to doing good business is further reflected in its anti-bribery and anti-corruption policies, although the company has not adopted a stand-alone anti-corruption policy; rather, the principles are encapsulated within its general code of conduct meant for all employees and major vendors.

Overview The Business Responsibility and Sustainability Report for FY 2023-24 underlines the commitment of Uniphos Enterprises Limited to promote the gold standard in corporate governance, care for the environment, and observe social responsibility. Though the operation of the company remains limited within the scope mentioned, its commitment remains toward responsible business practices. While moving forward with challenges in the modern business landscape, UEL remains focused on aspects related to sustainability, transparency, and ethical conduct and sets a good example for such categories of companies.

Source: BRSR Credit: Uniphos Enterprises Limited

[sebitorres]

Starter: Closed @clarkxhale Where: Aurora Bay Veterinary Clinic

Sebi holds the dog cradled in his arms. It looks like a puppy but still relatively big, like the size of a teddy bear with floppy ears to match. When he hears his name being called, Sebi promptly makes his way into the smaller office. "Hey man. I found this pup on the side of the road this morning." He gently lowers the confused and disheveled pup onto the counter. "Couldn't find a collar, looked around for a mum or litter but I couldn't see anything. Thought I'd bring him here to see if he's been chipped."

[seemabhatnagar]

Freezing of bank account for unconnected entities is legally untenable.

M/s Jermyn Capital LLC Dubai v. Central Bureau of Investigation

Fact:

M/s Jermyn Capital LLC Dubai (#Appellant Company) was Permitted by Securities Exchange Board of India (#SEBI) to buy & sell share & securities in the #Indian Stock Market.

The appellant company had its shares in its account with #ICICI Bank.

However, due to certain litigation the appellant company quit the trading in the Indian Market in 2006.

But appellant company was subjected to 02 #freeze orders under section 102 #Cr PC. (This section empowers police officers to seize any property which gives suspicion for commission of any offence.)

The freeze order for an amount of Rs.42.51 crore was initiated because of the #pending #investigation against Dharmesh Doshi

Against the freeze order the appellant company approached the Apex Court & the #ApexCourt allowed the appellant Company to sell its shares & convert into cash and repatriate the funds with interest but without bank guarantee.

Rs. 42.51 Crore was repatriated.

Issue arose when appellant company was incapacitated by second freeze order for an amount of Rs. 38.52 crores to repatriate.

Aggrieved by the freeze the appellant company again approached the Apex Court.

 The Apex Court gave liberty to the appellant company to approach trial court for release of the said amount.

 The trial court allowed the repatriation of Rs.38.52 Crores subject to the #Bank Guarantee of an equivalent amount.

Aggrieved by the imposition of Bank Guarantee Clause the appellant Company approached High Court.

High Court confirmed the decision of Trial Court.

Against the order of the High Court present Criminal Appeal is filed before Apex Court.

Observation of the Apex Court:

 Imposition of Bank Guarantee clause as due to pending investigation against Dharmesh Doshi, alleged to have been connected with the appellant company.

Record shows that Dharmesh Doshi has been discharged by the trial court, was never an employee/shareholder/director or holding key managerial position in the appellant company.

Dharmesh Doshi & Appellant Company are 02 separate entities.

Freezing order as such not legally tenable when two entities are unconnected.

Neither in the FIR nor in the chargesheet filed against the Dharmesh Doshi, appellant company was named.

Further during hearing CBI informed the Apex Court that no criminal proceedings is pending against the appellant company pertaining the dispute discussed here.

The freeze order against the appellant company’s properties is redundant as the appellant company is not necessary for the conclusion of the investigation.

The purpose of the freeze order, and the bank guarantee in extension of the freeze order, can only be in operation to aid in the investigation against the alleged crime.

Since the investigation against the appellant company has become redundant as such freeze order has also become redundant.

 The operation of the freeze order has been active for a period of 17 years and has caused huge losses to the appellant company.

Decision:

The Division Bench of Hon’ble Mr. Justice Krishna Murari J & Hon’ble Sanjay Kumar J vide their order dt.09.05.2023 set aside the order of the High Court and permitted the appellant company to withdraw the said amount with 4% simple interest from May08, 2006.

Seema Bhatnagar

[jayhorsestar]

re.RO, xmas, [a] 'sebi ghe of Condmag Inc 2005 dropped by w wife, appx 10 days ago, i was merely noticing him, not greeted the Belgium couple, at all. yet managed study look eyes and face of 'sebi, former legal affairs, apparently just like 'todoran, them both under specific medicare observed by wives at home, 'todoran gottn liver or splene over-stressed, hair all white, sometimes 'teodora thinking at him and his mumbling around room, as once retired, the legal man lost his brains, or how crazily laws him would had approached. 'sebi perhaps from his eyes above engulfed cheeks, fluffy cheeks, liver and water treatment, or smth. Belgium could had offered him the chance of flirting w neighbor house-wife, or alike, and his wife tempering the hot blood. all assumptions, but both on medicare done at home, by wives. 'petrici HR made sure i became aware their wives were making sure legal men dreams would had remained simply room mumbling. 'todoran even re-assured me his son 'razvan, categorically went underground life, making movies once in a while.. which wife might had not liked i become aware, mebbe. another mirrored 'vali at Berlin, or 'alex fogoros at 'avantgarden qtrs, both barristers who entered adult movies promo lists, long ago, ten years into already. [b] 'corina faina, kindergarden, fatty as usually, dropped by, and we greeted and kissed, and she was wearing brown same shade everything, almost like 'miruna paula, also fatty. 'corina knew 'allen since always. same politically color as 'sebi legal affairs 2005 Condmag Inc Dafora Inc. [c] 'paul rujan called 'gabi brasoveanu, who also dropped today on xmas, yet she was talking to her boyfriend from (not Spain), and i was only noticing silently my 'school law class saying 'merry xmas, 'lucia incl. [d] 'sauer-kraut or 'sour cabbage, at Onix there was a corner tiny groceries business, 'nae knew the owner as 'cop in the past ages. 'nae always went for his beer overthere, years in a row, and last week i dropped asking the shop lady if sour cabbage from Satu Mare, just like last 2023. by 24th, i dropped, no longer Satu Mare upnorth, next to Ukraine, but Beograda Serbia made 'sauerkraut and salt no longer Apuseni mts, no longer a sweet sour cabbage, but Adriatic Sea salt and thus sort of NYC NYC 'sauerkraut, a bit bitter, mebbe. [e] all JMB and also 'pushi lawyers office, had reviewed the 'fresh and frozen foods corridor, and seen my idea over self-POS billing at fresh or frozen meat servers of Carrefour Hyproma Inc. you cannot allow everyone handle returns of meat, self-billing of meat. unless processed foods, which thus supposively packaged for large PAX handling. m

[protraderindiamember11]

Everything You Need to Know About NISM Certification

NISM certification is a highly recognized credential in the financial and securities industry, offered by the National Institute of Securities Markets. This certification is mandatory for professionals aiming to work in key roles such as mutual fund advisors, equity dealers, research analysts, and compliance officers. It ensures individuals possess the essential knowledge of market regulations, financial products, and ethical practices. The NISM certification covers various modules, including equity derivatives, investment advisory, securities operations, and risk management, catering to different career paths in the financial sector. Available in both online and offline formats, it offers flexibility for learners to prepare and appear for the exams at their convenience. Holding an NISM certification not only boosts professional credibility but also enhances career prospects, as it is a regulatory requirement mandated by SEBI for specific roles. By obtaining this certification, professionals demonstrate their commitment to excellence in the securities market industry.

[forblogmostly]

Hardwyn India Limited Announces Record Date for Bonus Equity Shares Issuance

Hardwyn India Limited, a leading entity in its industry, has made an official announcement regarding the issuance of bonus equity shares, a move that underscores the company’s commitment to rewarding its shareholders. The development was communicated in a formal correspondence dated December 19, 2024, addressed to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE). This announcement comes as a significant milestone in the company’s journey, highlighting its robust performance and growth trajectory.

The letter, signed by Rubaljeet Singh Sayal, the Managing Director and Chief Financial Officer of Hardwyn India Limited, confirms that Friday, December 27, 2024, has been set as the “record date.” This date is pivotal as it determines the eligibility of shareholders for the forthcoming bonus equity shares. By fixing this record date, Hardwyn India Limited ensures that the benefits of this issuance are extended to those who hold shares as of this specific date.

This move aligns with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which governs such corporate actions. The issuance of bonus equity shares typically reflects a company’s confidence in its financial health and prospects, as it allows shareholders to receive additional shares at no extra cost, thereby enhancing their overall holdings and value.

Hardwyn India Limited has been steadfast in its mission to create value for its stakeholders. The announcement of the bonus equity shares serves as a testament to the company’s strong financial performance and strategic initiatives aimed at growth and shareholder wealth maximization. This decision is not only a reward for existing shareholders but also a signal to the market of the company’s sustained momentum and potential for future achievements.

The letter was addressed to the BSE at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, and the NSE at Exchange Plaza, Bandra Kurla Complex, Bandra East, Mumbai. By communicating this development to the leading stock exchanges in India, Hardwyn India Limited has ensured transparency and compliance, reinforcing its reputation as a trustworthy and reliable entity in the market.

Rubaljeet Singh Sayal, in his capacity as Managing Director and CFO, expressed gratitude to the shareholders for their continued trust and support. This gesture further solidifies the company’s dedication to maintaining open lines of communication with its investors and upholding the principles of good corporate governance.

As the record date approaches, shareholders and market participants alike will be closely observing the impact of this announcement on the company’s stock performance. The issuance of bonus equity shares is anticipated to bolster investor confidence and further position Hardwyn India Limited as a formidable player in its sector.

The company’s management has urged all relevant stakeholders to take note of this significant update and assured them of continued efforts to drive value creation and growth in the years to come. This announcement marks yet another step forward in Hardwyn India Limited’s ongoing journey of excellence and achievement.

[news365timesindia]

[ad_1] Sambhv Steel Tubes Limited, one of the key manufacturers of electric resistance welded (“ERW”) steel pipes and structural tubes (hollow section) in India in terms of the installed capacity as of March 31, 2024 (Source: CRISIL Report); proudly announces its expansion of product portfolio with the unveiling a range of stainless steel products. This new line-up features stainless steel coils, including hot rolled annealed and pickled (“HRAP”) coils and stainless steel cold rolled coils (collectively “Stainless Steel Coils”), which we have begun manufacturing from in-house stainless steel slabs and stainless steel HR coil having an installed capacity of 60,000 MTPA as of September 20, 2024, and are designed to deliver quality, durability, and versatility for a variety of industrial applications.   The newly launched Stainless Steel Coils are manufactured using advanced technology and process of Argon Oxygen Decarburization (AOD) which ensures consistent product quality.   The Stainless Steel Coils stand out for their strength, diverse applications across sectors, versatility, and corrosion resistance.   Proud on achieving this new feat, Vikas Goyal, Managing Director and Chief Executive Officer of Sambhv Steel Tubes Limited said, “Our new product- stainless steel coils with backward integration are designed to meet the demanding requirements across diverse sectors while ensuring sustainable manufacturing practices. These coils are engineered to meet the requirements across industries like automobiles, railways and transport, architecture, building and construction and consumer goods ensuring both sustainability and performance   Key Highlights Entry into the high-value stainless steel coil market Diversified product portfolio serving multiple industries Technological leadership with AOD technology For further information about Sambhv’s stainless steel products and their applications, please visit www.sambhv.com   About Sambhv Steel Tubes Limited According to CRISIL Report, Sambhv Steel Tubes Limited is the only company in India with a single location backward integrated manufacturing facility for ERW steel pipes and tubes with presence across the value chain as of March 31, 2024. The Company is one of the two players in India manufacturing ERW steel pipes and tubes (along with hollow section pipes and tubes) using narrow-width HR coil, as of March 31, 2024. It is the only player in India to manufacture narrow-width HR coil with backward integration capability, as of March 31, 2024.   The Company’s backward integration processes allow it to manufacture a range of finished products including ERW black pipes and tubes (hollow section) and galvanized iron (“GI”) pipes, using intermediate products such as sponge iron, blooms/slabs and hot rolled (“HR”) coil which are manufactured in-house. The installed capacity of ERW and GI pipes as of September 20, 2024 is 350,000 MTPA.   Disclaimer SAMBHV STEEL TUBES LIMITED is proposing, subject to, receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offer of its Equity Shares and has filed the DRHP dated September 30, 2024 and the corrigendum dated November 28, 2024 (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of the Company at www.sambhv.com, SEBI at www.sebi.gov.in, websites of BSE Limited at www.bseindia.com and National Stock Exchange of India Limited at www.nseindia.com and the website of the book running lead managers, i.e. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited at www.nuvama.com and www.motilaloswalgroup.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled “Risk Factors” of the RHP, when filed. Potential investors should not rely on the DRHP for making any investment decision.

  This announcement does not constitute an offer of the Equity Shares for sale in any jurisdiction, including the United States, and the Equity Shares may not be offered or sold in the United States absent registration under the US Securities Act of 1933 or an exemption from registration. Any public offering of the Equity Shares to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. However, the Equity Shares are not being offered or sold in the United States.   About CRISIL Market Intelligence & Analytics CRISIL Market Intelligence & Analytics (CRISIL MI&A), a division of CRISIL Limited, provides independent research, consulting, risk solutions, and data & analytics to its clients. CRISIL MI&A operates independently of CRISIL’s other divisions and subsidiaries, including, CRISIL Ratings Limited. CRISIL MI&A’s informed insights and opinions on the economy, industry, capital markets and companies drive impactful decisions for clients across diverse sectors and geographies. CRISIL MI&A’s strong benchmarking capabilities, granular grasp of sectors, proprietary analytical frameworks and risk management solutions backed by deep understanding of technology integration, makes it the partner of choice for public & private organisations, multi-lateral agencies, investors and governments for over three decades. For the preparation of this report, CRISIL MI&A has relied on third party data and information obtained from sources which in its opinion are considered reliable. Any forward-looking statements contained in this report are based on certain assumptions, which in its opinion are true as on the date of this report and could fluctuate due to changes in factors underlying such assumptions or events that cannot be reasonably foreseen. This report does not consist of any investment advice and nothing contained in this report should be construed as a recommendation to invest/disinvest in any entity. This industry report is prepared for use in the Offer Documents to be filed by the Company with the RoC, SEBI and the Stock Exchanges in India. !function(f,b,e,v,n,t,s) if(f.fbq)return;n=f.fbq=function()n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments); if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)(window,document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '311356416665414'); fbq('track', 'PageView'); [ad_2] Source link

[news365times]

[ad_1] Sambhv Steel Tubes Limited, one of the key manufacturers of electric resistance welded (“ERW”) steel pipes and structural tubes (hollow section) in India in terms of the installed capacity as of March 31, 2024 (Source: CRISIL Report); proudly announces its expansion of product portfolio with the unveiling a range of stainless steel products. This new line-up features stainless steel coils, including hot rolled annealed and pickled (“HRAP”) coils and stainless steel cold rolled coils (collectively “Stainless Steel Coils”), which we have begun manufacturing from in-house stainless steel slabs and stainless steel HR coil having an installed capacity of 60,000 MTPA as of September 20, 2024, and are designed to deliver quality, durability, and versatility for a variety of industrial applications.   The newly launched Stainless Steel Coils are manufactured using advanced technology and process of Argon Oxygen Decarburization (AOD) which ensures consistent product quality.   The Stainless Steel Coils stand out for their strength, diverse applications across sectors, versatility, and corrosion resistance.   Proud on achieving this new feat, Vikas Goyal, Managing Director and Chief Executive Officer of Sambhv Steel Tubes Limited said, “Our new product- stainless steel coils with backward integration are designed to meet the demanding requirements across diverse sectors while ensuring sustainable manufacturing practices. These coils are engineered to meet the requirements across industries like automobiles, railways and transport, architecture, building and construction and consumer goods ensuring both sustainability and performance   Key Highlights Entry into the high-value stainless steel coil market Diversified product portfolio serving multiple industries Technological leadership with AOD technology For further information about Sambhv’s stainless steel products and their applications, please visit www.sambhv.com   About Sambhv Steel Tubes Limited According to CRISIL Report, Sambhv Steel Tubes Limited is the only company in India with a single location backward integrated manufacturing facility for ERW steel pipes and tubes with presence across the value chain as of March 31, 2024. The Company is one of the two players in India manufacturing ERW steel pipes and tubes (along with hollow section pipes and tubes) using narrow-width HR coil, as of March 31, 2024. It is the only player in India to manufacture narrow-width HR coil with backward integration capability, as of March 31, 2024.   The Company’s backward integration processes allow it to manufacture a range of finished products including ERW black pipes and tubes (hollow section) and galvanized iron (“GI”) pipes, using intermediate products such as sponge iron, blooms/slabs and hot rolled (“HR”) coil which are manufactured in-house. The installed capacity of ERW and GI pipes as of September 20, 2024 is 350,000 MTPA.   Disclaimer SAMBHV STEEL TUBES LIMITED is proposing, subject to, receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offer of its Equity Shares and has filed the DRHP dated September 30, 2024 and the corrigendum dated November 28, 2024 (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of the Company at www.sambhv.com, SEBI at www.sebi.gov.in, websites of BSE Limited at www.bseindia.com and National Stock Exchange of India Limited at www.nseindia.com and the website of the book running lead managers, i.e. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited at www.nuvama.com and www.motilaloswalgroup.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled “Risk Factors” of the RHP, when filed. Potential investors should not rely on the DRHP for making any investment decision.

  This announcement does not constitute an offer of the Equity Shares for sale in any jurisdiction, including the United States, and the Equity Shares may not be offered or sold in the United States absent registration under the US Securities Act of 1933 or an exemption from registration. Any public offering of the Equity Shares to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. However, the Equity Shares are not being offered or sold in the United States.   About CRISIL Market Intelligence & Analytics CRISIL Market Intelligence & Analytics (CRISIL MI&A), a division of CRISIL Limited, provides independent research, consulting, risk solutions, and data & analytics to its clients. CRISIL MI&A operates independently of CRISIL’s other divisions and subsidiaries, including, CRISIL Ratings Limited. CRISIL MI&A’s informed insights and opinions on the economy, industry, capital markets and companies drive impactful decisions for clients across diverse sectors and geographies. CRISIL MI&A’s strong benchmarking capabilities, granular grasp of sectors, proprietary analytical frameworks and risk management solutions backed by deep understanding of technology integration, makes it the partner of choice for public & private organisations, multi-lateral agencies, investors and governments for over three decades. For the preparation of this report, CRISIL MI&A has relied on third party data and information obtained from sources which in its opinion are considered reliable. Any forward-looking statements contained in this report are based on certain assumptions, which in its opinion are true as on the date of this report and could fluctuate due to changes in factors underlying such assumptions or events that cannot be reasonably foreseen. This report does not consist of any investment advice and nothing contained in this report should be construed as a recommendation to invest/disinvest in any entity. This industry report is prepared for use in the Offer Documents to be filed by the Company with the RoC, SEBI and the Stock Exchanges in India. !function(f,b,e,v,n,t,s) if(f.fbq)return;n=f.fbq=function()n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments); if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)(window,document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '311356416665414'); fbq('track', 'PageView'); [ad_2] Source link

[madamlaydebug]

What is Addiction?

Addiction is when a person continually takes a substance - or engages in a behavior - with a destructive impact on their health and life.

In Ancient Rome, when a person couldn’t repay a debtor they were forced to become their slave, or ‘addictus.’ This is the origin of being “a slave to your addictions.”

Addictions take many forms; some of them may surprise you. Do you struggle with any of these?

Alcohol

Body piercing

Book collecting

Exercising

Food

Gambling

Hoarding

Narcotics

Plastic surgery

Pain

Pornography

Prescription drugs

Rejection

Relationships

Screens (smartphones, computers, tablets, TV’s, etc.)

Social media

Sex

Shopping

Tattoos

Tobacco

Video games

Working

Addicts crave the behavior or substance, even when they know it causes them physical harm, mental harm, and/or harm to their relationships. Addiction can lead to criminal behavior, poverty, homelessness, and death.

Addiction is not defined by how much a person engages in the behavior but by the impact it has on their life. A workaholic may be very successful in the office, but at home their relationships are failing and their anxiety is increasing.

What Causes Addiction?

People become addicts through many different paths, but seeking pleasure (or avoiding pain) is the ultimate driver.

Whether a person is addicted to heroin or video games, their goal is to alter their mental state and reduce subconscious-stress.

Some people believe that taking drugs leads to addiction - but this is only part of the picture. Not everyone who takes narcotics becomes addicted to them. Therefore, there must be another factor involved - the human factor.

Research involving mice found they became easily addicted to cocaine when kept in isolation. But, when the environment was enriched with social activities, interesting food, places to explore, toys to play with and new mice to meet… they stopped taking cocaine! Just like mice, humans get depressed, miserable and bored when trapped in an unfulfilling life.

Unresolved Emotions

Addiction often stems from trauma. Adverse experiences during childhood (e.g. divorce, emotional neglect, poverty) predispose us to addiction later in life. Addiction is a response to painful or traumatic events, not simply a poor choice that people make.

Demonizing addicts is counterproductive; they need to be treated with care and compassion to maximize their chances of recovery. Brain scans on people with a range of addictions reveal the same neural circuits are involved, and they all share feelings of shame and low self-value.

People develop addictions to try and cover up issues and uncomfortable emotions:

To cope with stress and life events.

To escape the pain of past trauma.

To create connections with others.

To achieve a sense of control in life.

To avoid facing feelings of inadequacy.

To hush internal voices of self-loathing.

Overcoming Addiction

There’s no one size-fits-all solution for all addicts, but here are some general tips:

1. Find the Right Help

Addicts using opiates and narcotics need help. Addiction experts can provide the highly specialized support needed for this kind of recovery. Addicts can also be aided with behavioral re-training and dedicated recovery groups.

2. Increase Self-Value

All addicts can benefit from increasing their self-worth. Any activity that improves physical or mental health enhances esteem. Getting a massage, eating vitalizing alkaline foods, and going for walks in nature are acts of self-care that enhance how we feel about ourselves.

“Because the one thing you want to do is to LOVE, and that love should begin with you” - Dr. Sebi.

3. Be Ready to Give Up

The addicted person must be ready and willing to give up their addiction; if they are forced to give it up they are likely to relapse.

What are you ready to give up?

[excellence-12]

Explore Insights from Gatekeepers of Governance 2024

Gatekeepers of Governance 2024, the 9th Annual 2 day Corporate Governance Summit, was held on November 21-22, 2024 at the Trident Hotel, Bandra Kurla Complex, Mumbai. It brought together leaders to address challenges and opportunities in the area of corporate governance. Organized by Excellence Enablers Private Limited, this prestigious event served as a platform to exchange ideas and solutions for fostering robust corporate governance practices. The discussions during the Summit focused on key themes and topics, as outlined below.

The Summit opened with an inaugural session titled “Regulators – Friends, Foes, or Frenemies?” featuring eminent speakers such as Mr. M. Damodaran (Chairperson, Excellence Enablers, Former Chairman, SEBI, UTI and IDBI), Justice P. S. Dinesh Kumar (Presiding Officer, Securities Appellate Tribunal; Former Chief Justice, Karnataka High Court), Mr. M. Nagaraju (Secretary, Department of Financial Services, Ministry of Finance, GOI), Mr. K. Rajaraman (Chairperson, IFSCA; Former Secretary, GOI), and Mr. Ashwani Bhatia (Whole Time Member, SEBI). The discussion was on the relationship between Regulators and businesses, highlighting the dual role that Regulators play in easing business processes, while ensuring compliance. Regulators act as allies by creating fair and transparent frameworks, but are often seen as adversaries due to the perceived burden of compliance costs and stringent norms.

Ultimately, the key to a healthy relationship between Regulators and businesses lies in striking a balance. Regulators must be flexible and adaptive, understanding the challenges and needs of the regulated universe. On the other hand, businesses should engage constructively with Regulators, providing feedback and collaborating on solutions that meet regulatory goals without limiting innovation.

SMEll Tests in Governance

The  panel included Mr. Nilesh Shah (MD, Kotak Mahindra AMC) and Mr. S. Ramann (Deputy Comptroller and Audit General of India; Former CMD, SIDBI; Former MD & CEO, NESL). It delved into the governance challenges faced by SMEs, where disparities in compliance and governance standards are evident. The key takeaways were that governance quality depends on mindset, not size. Regulators should focus on non-compliant entities, thereby allowing compliant SMEs to thrive, while improving overall governance.

Boards – Have They Failed Stakeholders?

Experts like Mr. Mukesh Butani (Founder & Managing Partner, BMR Legal Advocates; Member, Global Supervisory Board, International Fiscal Association), Ms. Pallavi Shroff (Managing Partner, Shardul Amarchand Mangaldas & Co.) and Mr. M. Damodaran  discussed whether Boards have adequately protected stakeholder interests. The discussion focused on the gap between rising expectations and board performance. Boards must act decisively on whistleblower complaints, executive resignations, and other red flags. Effective succession planning, equitable committee workloads, and a focus on stakeholder interests, not just shareholders interest, are critical to meeting their increasing responsibilities.

ESG – Do Good Opportunity or Feel Good Scam?

Panellists Mr. D.P. Singh (Deputy MD & Joint CEO, SBI Funds), Dr. Mukund Rajan (Chairperson, ECube Investment Advisors; Former Chief Ethics Officer & Brand Custodian, Tata Group), and Mr. Vikram Singh Mehta (Distinguished Fellow, Centre for Social and Economic Progress; Former Chairperson, Brookings India; Former CEO, Shell India) addressed the issues in the ESG space. They raised the question whether it drives meaningful change or is merely a tick-box exercise. ESG should be more than just following rules on paper—it needs to create real value by promoting sustainable and responsible business practices. Big companies can handle ESG costs more easily, but for smaller businesses, it can be a strain. So we need to see if it is making a real difference. The related point was while E, S and G were desirable pursuits, clubbing them as ESG did not seem appropriate.

Do Managements Also Run Business?

With perspectives from leaders like Mr. M. Damodaran, Mr. Amish Mehta (MD & CEO, CRISIL) and Mr. Tapan Singhel (MD & CEO, Bajaj Allianz General Insurance Company, GIC), the session delved into whether the heavy compliance burden has diverted managements from their core responsibility i.e. running business. Boards must prioritize strategic discussions, while not ignoring compliance matters in meetings, enabling management to focus on operations. Effective corporate governance should complement, not substitute strategic leadership.

Do Auditors Need Auditing?

With insights from Mr. D. Sundaram (Vice Chairperson & MD, TVS Capital Funds; Former Vice Chairperson, HUL), Mr. Jamil Khatri (Co-Founder & CEO, Uniqus Consultech; Former Head of Audit, KPMG) and Mr. P.R. Ramesh (Former Chairperson, Deloitte India), this discussion explored the growing regulatory scrutiny of auditors, and discussed maintaining their independence and effectiveness. While regulation enhances accountability, care must be taken to avoid excessive prescriptions that might negatively impact audit quality.

Auditing requires oversight due to recent failures and regulatory scrutiny. Self-regulation often falls short, on account of conflict of interests, thus undermining audit quality. Regulatory oversight is crucial for accountability, but Regulators should also play a developmental role, understanding real-world changes and challenges. Successful audits depend on cooperation from all stakeholders, especially management, to ensure the existence of effective controls.

Is Compliance Good Business?

The second day began with a plenary session featuring Mr. M. Damodaran, Mr. Ananth Narayan G. (Whole Time Member, SEBI) and Mr. Ashishkumar Chauhan (MD & CEO, NSE). This plenary session emphasized that compliance is not just about following rules, but embedding integrity and governance into a company’s core. The African proverb, “If you want to walk fast, walk alone; if you want to go far, walk together,” suitably captures the essence of compliance fostering trust, resilience, and long-term value creation.

Compensation – How Much is Too Much?

The session led by Mr. Ajay Bahl (Co-founder & Managing Partner, AZB & Partners), Mr. Sanjeev Aga (Former MD, Aditya Birla Nuvo; Former MD, Idea Cellular) and Mr. Sunil Mehta (Chairperson, IndusInd Bank; CMD, SPM Capital Advisers) examined the balance between fair remuneration and shareholder expectations.

Balancing shareholders’ concerns about excessive compensation with the need for adequate incentives requires a thoughtful approach. Compensation should reflect the market, the company’s size and risk level, and the individual’s responsibility and contribution. The worth of compensation should be tied to the risk, responsibility, and time spent on the role, ensuring it is a fair reward for the value and risks taken on, especially in high-responsibility roles like the Audit Committee for example.

Chairpersons – Biting More Than They Should Chew?

The session featured Mr. Homi R Khusrokhan (Former MD, Tata Chemicals & Tata Tea), Mr. Nawshir Mirza (Former Senior Partner, S. R. Batliboi & Co.) and Mr. M. Damodaran. It discussed whether the hyperactive involvement of some Chairpersons in Boards is affecting the management’s ability to operate efficiently. This raises important questions: Are non-executive Chairpersons overstepping into areas meant for management? How can we define and maintain clear boundaries?

The role of a Chairperson is to facilitate balanced decision-making, not to intrude on management’s operational domain. A good Chairperson fosters collaboration, values diverse perspectives, and ensures all voices are heard, speaking last in order to encourage open dialogue. As the boardroom has shifted focus from shareholder value to stakeholder value, Chairpersons must act as “first among equals,” balancing efficiency with inclusivity, and maintaining clear boundaries between governance and management.

Conclusion

Gatekeepers of Governance 2024 concluded with a call for ongoing improvement in corporate governance practices, to avoid failures and encourage long-term growth. By bringing together different stakeholders, the Summit highlighted ways to improve governance practices, stressing the importance of working together and being flexible to build a stronger and more resilient corporate ecosystem.

You can view the sessions through the following link:

Gatekeepers of Governance 2024, the 9th Annual 2 day Corporate Governance Summit, was held on November 21-22, 2024 at the Trident Hotel, Bandra Kurla Complex, Mumbai. It brought together leaders to address challenges and opportunities in the area of corporate governance. Organized by Excellence Enablers Private Limited, this prestigious event served as a platform to exchange ideas and solutions for fostering robust corporate governance practices. The discussions during the Summit focused on key themes and topics, as outlined below.

The Summit opened with an inaugural session titled “Regulators – Friends, Foes, or Frenemies?” featuring eminent speakers such as Mr. M. Damodaran (Chairperson, Excellence Enablers, Former Chairman, SEBI, UTI and IDBI), Justice P. S. Dinesh Kumar (Presiding Officer, Securities Appellate Tribunal; Former Chief Justice, Karnataka High Court), Mr. M. Nagaraju (Secretary, Department of Financial Services, Ministry of Finance, GOI), Mr. K. Rajaraman (Chairperson, IFSCA; Former Secretary, GOI), and Mr. Ashwani Bhatia (Whole Time Member, SEBI). The discussion was on the relationship between Regulators and businesses, highlighting the dual role that Regulators play in easing business processes, while ensuring compliance. Regulators act as allies by creating fair and transparent frameworks, but are often seen as adversaries due to the perceived burden of compliance costs and stringent norms.

Ultimately, the key to a healthy relationship between Regulators and businesses lies in striking a balance. Regulators must be flexible and adaptive, understanding the challenges and needs of the regulated universe. On the other hand, businesses should engage constructively with Regulators, providing feedback and collaborating on solutions that meet regulatory goals without limiting innovation.

SMEll Tests in Governance

The  panel included Mr. Nilesh Shah (MD, Kotak Mahindra AMC) and Mr. S. Ramann (Deputy Comptroller and Audit General of India; Former CMD, SIDBI; Former MD & CEO, NESL). It delved into the governance challenges faced by SMEs, where disparities in compliance and governance standards are evident. The key takeaways were that governance quality depends on mindset, not size. Regulators should focus on non-compliant entities, thereby allowing compliant SMEs to thrive, while improving overall governance.

Boards – Have They Failed Stakeholders?

Experts like Mr. Mukesh Butani (Founder & Managing Partner, BMR Legal Advocates; Member, Global Supervisory Board, International Fiscal Association), Ms. Pallavi Shroff (Managing Partner, Shardul Amarchand Mangaldas & Co.) and Mr. M. Damodaran  discussed whether Boards have adequately protected stakeholder interests. The discussion focused on the gap between rising expectations and board performance. Boards must act decisively on whistleblower complaints, executive resignations, and other red flags. Effective succession planning, equitable committee workloads, and a focus on stakeholder interests, not just shareholders interest, are critical to meeting their increasing responsibilities.

ESG – Do Good Opportunity or Feel Good Scam?

Panellists Mr. D.P. Singh (Deputy MD & Joint CEO, SBI Funds), Dr. Mukund Rajan (Chairperson, ECube Investment Advisors; Former Chief Ethics Officer & Brand Custodian, Tata Group), and Mr. Vikram Singh Mehta (Distinguished Fellow, Centre for Social and Economic Progress; Former Chairperson, Brookings India; Former CEO, Shell India) addressed the issues in the ESG space. They raised the question whether it drives meaningful change or is merely a tick-box exercise. ESG should be more than just following rules on paper—it needs to create real value by promoting sustainable and responsible business practices. Big companies can handle ESG costs more easily, but for smaller businesses, it can be a strain. So we need to see if it is making a real difference. The related point was while E, S and G were desirable pursuits, clubbing them as ESG did not seem appropriate.

Do Managements Also Run Business?

With perspectives from leaders like Mr. M. Damodaran, Mr. Amish Mehta (MD & CEO, CRISIL) and Mr. Tapan Singhel (MD & CEO, Bajaj Allianz General Insurance Company, GIC), the session delved into whether the heavy compliance burden has diverted managements from their core responsibility i.e. running business. Boards must prioritize strategic discussions, while not ignoring compliance matters in meetings, enabling management to focus on operations. Effective corporate governance should complement, not substitute strategic leadership.

Do Auditors Need Auditing?

With insights from Mr. D. Sundaram (Vice Chairperson & MD, TVS Capital Funds; Former Vice Chairperson, HUL), Mr. Jamil Khatri (Co-Founder & CEO, Uniqus Consultech; Former Head of Audit, KPMG) and Mr. P.R. Ramesh (Former Chairperson, Deloitte India), this discussion explored the growing regulatory scrutiny of auditors, and discussed maintaining their independence and effectiveness. While regulation enhances accountability, care must be taken to avoid excessive prescriptions that might negatively impact audit quality.

Auditing requires oversight due to recent failures and regulatory scrutiny. Self-regulation often falls short, on account of conflict of interests, thus undermining audit quality. Regulatory oversight is crucial for accountability, but Regulators should also play a developmental role, understanding real-world changes and challenges. Successful audits depend on cooperation from all stakeholders, especially management, to ensure the existence of effective controls.

Is Compliance Good Business?

The second day began with a plenary session featuring Mr. M. Damodaran, Mr. Ananth Narayan G. (Whole Time Member, SEBI) and Mr. Ashishkumar Chauhan (MD & CEO, NSE). This plenary session emphasized that compliance is not just about following rules, but embedding integrity and governance into a company’s core. The African proverb, “If you want to walk fast, walk alone; if you want to go far, walk together,” suitably captures the essence of compliance fostering trust, resilience, and long-term value creation.

Compensation – How Much is Too Much?

The session led by Mr. Ajay Bahl (Co-founder & Managing Partner, AZB & Partners), Mr. Sanjeev Aga (Former MD, Aditya Birla Nuvo; Former MD, Idea Cellular) and Mr. Sunil Mehta (Chairperson, IndusInd Bank; CMD, SPM Capital Advisers) examined the balance between fair remuneration and shareholder expectations.

Balancing shareholders’ concerns about excessive compensation with the need for adequate incentives requires a thoughtful approach. Compensation should reflect the market, the company’s size and risk level, and the individual’s responsibility and contribution. The worth of compensation should be tied to the risk, responsibility, and time spent on the role, ensuring it is a fair reward for the value and risks taken on, especially in high-responsibility roles like the Audit Committee for example.

Chairpersons – Biting More Than They Should Chew?

The session featured Mr. Homi R Khusrokhan (Former MD, Tata Chemicals & Tata Tea), Mr. Nawshir Mirza (Former Senior Partner, S. R. Batliboi & Co.) and Mr. M. Damodaran. It discussed whether the hyperactive involvement of some Chairpersons in Boards is affecting the management’s ability to operate efficiently. This raises important questions: Are non-executive Chairpersons overstepping into areas meant for management? How can we define and maintain clear boundaries?

The role of a Chairperson is to facilitate balanced decision-making, not to intrude on management’s operational domain. A good Chairperson fosters collaboration, values diverse perspectives, and ensures all voices are heard, speaking last in order to encourage open dialogue. As the boardroom has shifted focus from shareholder value to stakeholder value, Chairpersons must act as “first among equals,” balancing efficiency with inclusivity, and maintaining clear boundaries between governance and management.

Conclusion

Gatekeepers of Governance 2024 concluded with a call for ongoing improvement in corporate governance practices, to avoid failures and encourage long-term growth. By bringing together different stakeholders, the Summit highlighted ways to improve governance practices, stressing the importance of working together and being flexible to build a stronger and more resilient corporate ecosystem.

You can view the sessions through the following link:

[ramishan]

**How to Invest in Real Estate Investment Trusts (REITs) in India**

Real Estate Investment Trusts (REITs) have emerged as a popular investment avenue in India, offering individuals an opportunity to earn returns from real estate without owning physical property. For those looking to diversify their portfolios, REITs provide a hassle-free way to invest in high-quality commercial real estate and enjoy consistent rental income along with potential capital appreciation. But how exactly can one invest in REITs in India? This blog delves into the details.

What Are Real Estate Investment Trusts (REITs)?

Real Estate Investment Trusts (REITs) are companies that own, operate, or finance income-generating real estate across various sectors, such as office spaces, retail properties, warehouses, and hotels. By pooling funds from multiple investors, REITs make it possible for individuals to invest in large-scale commercial properties. These investments are professionally managed and regulated by the Securities and Exchange Board of India (SEBI), ensuring transparency and protection for investors.

Why Should You Invest in REITs?

Before exploring how to invest, it’s crucial to understand why REITs can be a valuable addition to your portfolio. Here are some compelling reasons:

Steady Income Streams: REITs are required to distribute at least 90% of their net distributable cash flows as dividends to shareholders, ensuring regular income.

Portfolio Diversification: Investing in REITs provides exposure to the real estate sector without the risks and capital requirements of owning physical property.

Liquidity: Unlike traditional real estate, REITs are traded on stock exchanges, allowing investors to buy and sell shares easily.

Lower Entry Barrier: With a minimum investment amount starting at around INR 10,000 to INR 50,000, REITs are accessible to retail investors.

Regulated Market: SEBI’s stringent regulations make REITs a safer investment compared to unregulated real estate ventures.

Steps to Invest in Real Estate Investment Trusts in India

Investing in REITs is a straightforward process. Here’s a step-by-step guide:

Step 1: Understand the REIT Market in India

The Indian REIT market is relatively nascent but growing rapidly. As of now, there are three major REITs listed on Indian stock exchanges:

Embassy Office Parks REIT

Mindspace Business Parks REIT

Brookfield India Real Estate Trust

Each of these REITs focuses on high-quality commercial properties, offering investors exposure to premium real estate assets.

Step 2: Open a Demat Account

To invest in REITs, you need a Demat account and a trading account with a registered broker. If you already trade in stocks, you can use the same account to buy REIT units.

Step 3: Analyze the Performance of REITs

Before investing, research the performance, portfolio, and dividend history of the available REITs. Key factors to consider include:

Occupancy Rates: High occupancy rates indicate steady rental income.

Portfolio Quality: Look for REITs with properties in prime locations.

Dividend Yield: Check the historical dividend payouts.

Management Team: A well-managed REIT ensures efficient operations and better returns.

Step 4: Place Your Investment

REITs are traded on stock exchanges just like equities. Once you’ve decided which REIT to invest in, log in to your trading account, search for the REIT’s ticker symbol, and place your buy order. You can start with as little as one unit.

Step 5: Monitor Your Investment

After investing, keep an eye on market trends, property valuations, and the REIT’s performance. REITs’ unit prices can fluctuate based on real estate market conditions, interest rates, and overall economic growth.

Tax Implications of Investing in REITs

Understanding the tax implications of REIT investments is essential:

Dividend Income: Dividends distributed by REITs are generally tax-free in the hands of investors if the REIT has already paid taxes on the income.

Interest Income: Any interest income passed on to investors is taxable as per the individual’s income tax slab.

Capital Gains: Gains from the sale of REIT units are subject to capital gains tax. Short-term capital gains (holding period of less than 36 months) are taxed at 15%, while long-term capital gains (holding period of more than 36 months) are taxed at 10%.

Risks Associated with REIT Investments

While REITs offer numerous benefits, they are not devoid of risks. Some potential risks include:

Market Fluctuations: REIT unit prices are subject to stock market volatility.

Interest Rate Risk: Rising interest rates can negatively impact REIT valuations.

Economic Downturns: A sluggish economy may reduce demand for commercial spaces, impacting rental income.

Sector-Specific Risks: Some REITs may focus on specific sectors like office spaces, which could be affected by trends like remote working.

Tips for Successful REIT Investments

To maximize returns from your REIT investments, keep the following tips in mind:

Diversify Your Portfolio: Avoid putting all your funds into a single REIT. Diversify across multiple REITs to mitigate risks.

Invest for the Long Term: REITs are ideal for long-term investors seeking stable income and capital appreciation.

Stay Informed: Regularly track the performance of your investments and stay updated on real estate market trends.

Reinvest Dividends: Reinvesting your dividends can help compound your returns over time.

Seek Professional Advice: If you’re new to REITs, consider consulting a financial advisor to align your investments with your goals.

Future of REITs in India

The future of Real Estate Investment Trusts in India looks promising, driven by increasing urbanization, infrastructure development, and growing demand for commercial spaces. With the government’s emphasis on real estate reforms and transparency, REITs are expected to gain further traction among investors.

Conclusion

Real Estate Investment Trusts offer a unique opportunity to invest in India’s thriving real estate market without the complexities of owning physical property. With benefits like steady income, portfolio diversification, and liquidity, REITs are an excellent choice for both novice and experienced investors. By following the steps outlined above and conducting thorough research, you can make informed decisions and capitalize on the growth potential of this dynamic asset class.

Whether you’re looking to diversify your portfolio or generate regular income, Real Estate Investment Trusts can be a game-changer in your investment journey. Start exploring this exciting investment avenue today and unlock the benefits of India’s burgeoning real estate sector.

[flivv-developers]

The economy of a country determines its financial future and, one major factor contributing to the economy is Real Estate. Thus, it is one of the most recognized sectors globally. Several sub sectors make up Real Estate property – housing, retail, hospitality, and commercial. This industry is closely related to the demand for office space and urban and semi-urban housing. Hence, acting as a source for millions of people to get involved with it. According to the Direct, Indirect, and Induced Effects Index, the construction industry in India ranks third among the 14 major sectors, making real estate property an essential part of the Indian economy.

The Significance of the Real Estate Property in India

Real estate generates the second-highest level of employment in India after agriculture. With the current development and projects in the country, non-resident Indians (NRIs) will also invest in real estate in the near future. NRIs and locals will now have the chance to take advantage of more types of real estate investment opportunities. The real estate market grew from Rs. 12,000 crore (US$ 1.72 billion) in 2019 alone and is expected to grow from 65,000 crores (US$ 9.30 billion) by 2040. Retail, hospitality, and commercial real estate sales are also increasing, leaving India with the needed infrastructure to meet its growing demands.

Investments in Indian Real Estate 

Investing in Real Estate has become much easier because of government initiatives and continuous development in major cities like Hyderabad, Pune, and Bengaluru. Real estate developers in India have shifted gears to meet the challenges of an increasingly informed consumer base and globalization. SEBI has approved the Real Estate Investment Trust (REIT) platform, which will allow investors from all over the world to invest in the Indian real estate market. In the coming years, it will create an opportunity worth Rs. 1.25 trillion (US$ 19.65 billion) in the Indian market! The growing need for real estate property developers to manage multiple projects across multiple cities also compels them to invest in centralized processes to source materials and organize the workforce, leading the way to welcome thousands of investors. Coming to the residential sector, the central government plans to build 20 million affordable houses in urban areas across the country by 2022, as part of the ambitious Pradhan Mantri Awas Yojana (PMAY) scheme of the Union Ministry of Housing and Urban Affairs. Due to this, demand for retail and office space in urban areas is likely to skyrocket as the number of housing units increases.

Furthermore, private companies are developing residential ventures for the families to settle and find employment at affordable rates alongside government initiatives. As a Real Estate investor, you will be able to secure a good place in the future by making profits out of your investment. In conclusion, the evergreen sector contributes 6-7% of the GDP and creates jobs in the economy on average.

Therefore, Flivv Realty strives to help you get your hands on the best Real estate property deals and reap benefits over time. We connect you with the best Real Estate stakeholders in the city and, we provide free consultancy throughout your purchasing process. From explaining market conditions to post-buying consequences, the expert team of Flivv Realty will always be available to aid you. Be a part of contributing to the economy and invest your money safe with us.

[protraderindiamember11]

Achieve Your Goals with NISM Certification Programs

Boost your career with NISM Certification, a SEBI-recognized qualification for finance professionals. This certification offers modules in equity, mutual funds, derivatives, and compliance, helping you build expertise in securities markets. Whether you're an aspiring trader, investment advisor, or compliance officer, NISM Certification ensures you meet industry standards, giving you a competitive edge.