Futures

Jio Financial ropes in BlackRock to disrupt India’s asset management industry. The two have signed an agreement to form a 50:50 joint venture to offer investment solutions. JFS and BlackRock are targeting initial investment of $150 million each in the joint venture, to be named Jio BlackRock. This is a second attempt for BlackRock in Indian Market.  Previously, the DSP-Blackrock split came about because the two co-owners both wanted to own 100% of the business. Since DSP was the majority stakeholder, it was able to have its way. In the past, this AMC was called DSP Merill Lynch but was renamed after the takeover of Merill Lynch by BlackRock. BlackRock said it sold its stake in the joint venture because it could not integrate DSP BlackRock onto its technology and operating platform since it was a minority stakeholder. BlackRock was keen on continuing the business alone and was considering buying out DSP’s 60% stake in the asset management firm. However, that didn’t happen.

ITC Ltd has unveiled its decision to demerge its hotel business, sparking interest among shareholders. Post-demerger, ITC will retain a 40% stake in the hotel enterprise, with the remaining shares distributed proportionately among existing shareholders.

India is the world’s third-largest Automobile market The Automobile industry produced a total 22.93 Mn vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers, and Quadricycles in April 2021 to March 2022. India holds a strong position in the international heavy vehicles arena as it is the largest tractor manufacturer, second-largest bus manufacturer, and third largest heavy trucks manufacturer in the world.

 Overview-        Gabriel India Ltd. (NSE:GABRIEL) lost 30% of its value from Dec 22 to March 23. However, Shares of GIL made a strong recovery following two moths till May, completely covering their 4 months loss. ICICI Direct gave a BUY rating with a TP of Rs.260.       Source- ICICI Direct and GIL Q4FY23 Con-call.       Gabriel India Limited is a prominent player in the shock absorber/ride control domain and counts all leading OEM’s domestically as its clients. Product Portfolio include McPherson Struts, Gas Shock Absorber and Steering Dampers. Company’s share of revenues from PV space has improved from 21% in FY21 to 23% in FY23 and is expected to improve to 25% with its own intent to improve it to 30%. To expand its presence in hot selling SUV space & to catch up on premiumization trend, company has entered into JV with Inalfa (globally 2nd largest sunroof manufacturer with OEM’s like JLR, BMW, Mercedes, etc as clients) for manufacturing of sunroof system & related com

  India is spending 82% of its time on mobile phone apps on media and entertainment. India’s Media & Entertainment industry is expected to grow to $34.62 Bn by 2025 at 10.5% CAGR, led by Live events, Animation and VFX and online gaming. India secures 4th rank in “ICT Services exports”. India’s Media & Entertainment industry is expected to grow to $55-70 Bn by 2030 at 10-12% CAGR, led by OTT, Gaming, Animation and VFX.  This report covers -  Overview  Sectoral Snapshot  Share of Major Industry segments  Key Players Opportunities and Challenges  Key Growth Drivers and Barriers to Investments 

 Equity Research Report on Phillips Carbon Black Limited(PCBL) by Sanjeedeep Mishra. 

 An IPO Note on Senco Gold Ltd. by Sanjeedeep Mishra. 

 An Equity Research Report on Equitas Small Finance Bank by Sanjeedeep Mishra.

 Telecom Sector Analysis by Sanjeedeep Mishra.