Week In Review: Demergers, Earnings And Global Giants' India Push

As we conclude another bustling week in the Indian business and tech sectors, we’ve witnessed significant developments that are reshaping the industry’s landscape. From strategic demergers to earnings steam to global giants’ tryst with India.

This week’s highlights include ITC Limited‘s restructuring with the demerger of its hotels business, Tata Motors‘ robust Q1 results, Disney+ Hotstar following Netflix‘s footsteps in curbing password sharing in India, Samsung’s bold move to manufacture its newest foldable smartphones in India, and Tesla’s high gear plans for India. Let’s delve into the details.

ITC Hotels’ Demerger: A Win-Win for Shareholders

ITC Limited, a conglomerate with a diverse business portfolio, announced the demerger of its hotel business, a move that is expected to unlock significant value for shareholders. The demerged entity, ITC Hotels Limited, will house all the hospitality assets of the company, and existing ITC shareholders will receive shares in the new entity in a ratio of 1:1. The demerger is expected to provide greater operational and strategic flexibility to the hotels business, allowing it to attract dedicated investments and partnerships. Read the full article here.

Tata Motors Continues Golden Run After Robust Q1: Analysts Divided

Tata Motors shares hit another 52-week high following its Q1 results, but analysts are divided on the stock’s future trajectory. While some analysts are advising investors to book profits given the stock’s recent rally, others believe there is more upside to come. Read the full article here.

Disney Joins Netflix in the War Against Password Sharing in India

Disney+ Hotstar is planning to limit premium users to logging in from just four devices, following Netflix’s move to enforce similar restrictions. This comes as part of Disney’s strategy to incentivise subscribers to purchase their own accounts. The new restriction is expected to be implemented later this year. Read the full article here.

Samsung To Fold Phone In India!

Samsung plans to manufacture its newest foldable smartphones, the Galaxy Z Flip5 and Galaxy Z Fold5, in its Noida factory in India. The move is part of the company's strategy to tap into the growing Indian premium smartphone market. To appeal to cost-conscious buyers in India, Samsung is offering special deals like upgrade bonuses, interest-free payment plans, and cashback from banks. Read the full article here.

Elon Musk-Led Tesla’s India Tryst

Tesla is reportedly accelerating plans to set up a manufacturing base in India, with company officials set to meet agency heads and top government officials soon. Senior executives from the electric car maker recently met with Nivruti Rai, the newly appointed CEO of Invest India, which assists global investors to invest and operate in India. Further meetings with Commerce and industry minister Piyush Goyal are also on the agenda. Read the full article here.

Read Next: The Top 10 Real Money Games In India

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: NewsRecap