These 3 companies may announce bonus shares, stock split in the next few days, know the details

They’re also dragging down asset prices, and fanning fears of a recession and slump in company earnings next year. Well, in case you weren’t aware, the company is backed by some biggies. This oil-to-retail-to-telecom conglomerate indirectly owns 51% of Viacom18. Viacom18 also received backing from Bodhi Tree Systems in April this year. And if you’re unfamiliar with Bodhi Tree Systems, let’s just say that it involves ex-Star and Disney executive Uday Shankar — the man who led the winning bid for the Disney group 5 years ago.

The painful selloff has erased about $200 billion from Disney’s market capitalization since March 2021. Catch all business News, market news, today’s fresh news events and breaking news Update on Live Mint. The International Cricket Council will soon invite bids for its media rights. But now, since TV and digital rights are split, there could be competition between Disney and Viacom18 for ad money and that could actually bring down the value further. If we look at media reports, we’ll see that advertisers spend as much as ₹18 lakhs for just a 10-second ad spot during the IPL. Now in a match, there is a total ad inventory of around 2,300 seconds.

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According to the SEC filing, only stockholders owning shares at market close on June 6 were allowed to participate in the vote held on August 4, 2022, the date when the 2022 Annual Meeting of Tesla’s stockholders took place. Each shareholder as on record date will get additional shares of common stock once the stock-split becomes effective. Stock splits are popular among retail investors and help them add more stocks to their portfolio and also bring in a new set of investors. The above 2 stocks are collated just for the likely stock split action planned for them. The stock is now trading at 2014 levels on a split-adjusted basis, and remains on track for its largest yearly decline since 1974, according to CNBC.

Watch out for these Agriculture Sector stocks that have risen over 58 per cent in just…Watch out for these Agriculture Sector stocks that have risen over 58 per cent in just… The Indian healthcare sector is growing at a brisk pace due to its strengthening coverage, services, and increasing expenditure by public as well as private players. By 2040, the real estate market will grow to Rs 65,000 crore (USD 9.30 billion) from Rs 12,000 crore (USD 1.72 billion) in 2019.

The BSE Information Technology Index is up by 1.04 per cent in a day and down by 0.14 per cent in 1 month. About 2,179 shares had advanced, 1,314 have declined and 136 were unchanged. The BSE Auto Index is up by 0.84 per cent in 1 day and over 6 per cent in just 1 month.

Humans of Bombay becomes the official storytelling partner for Rajasthan Royals

Taking those long-term assets into account, the 31 March 2003 share price of Rs. 50 per share would definitely be an attractive entry point for a value investor. Nykaa, founded in 2012 by former investment banker Falguni Nayar, has a diverse portfolio of beauty, personnel care and fashion products. The company’s shares were listed on stock exchanges BSE and NSE in November last year. Humans Of Bombay has begun rolling out the stories of the heroes in Pink, on their social media platforms, with the first static post being of RR player – Riyan Parag. The post was made live for HOB’s 4.5+ million community a day prior to the match. The match took place in Guwahati, Assam, which coincidentally happened to be Riyan Parag’s hometown, and was a win for Rajasthan Royals.

JioCinema’s free streaming of the TATA IPL 2023 for all viewers in India has resulted in a record-breaking number of views, said the platform. It revealed that JioCinema has registered the highest-ever number for any apps installed. The Chennai Super Kings vs Royal Challengers Bangalore TATA IPL 2023 match clocked the highest-ever concurrent viewership, said JioCinema. BCCI has decided to unbundle TV broadcasting and digital rights for all bilateral series in which Team India will be playing from now on, as per a media report. Sports and Live Media Entertainment Chairman Atul Pande, who earlier served as the CEO of Ten Sports, believes that subscription revenue will be an important component of Viacom18’s strategy to monetise IPL digital rights. “Just as the IPL has maximised its media value by unbundling packages, digital broadcasters unbundle their viewers.

He also feels that the fight for eyeballs and revenue between Disney Star and Viacom18 for IPL augurs well for consumers. Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow. Disney’s revenue has been fairly stable over the years and did not see too much impact from the coronavirus except for the parks and theatrical distribution segment. Revenue from home entertainment was $425 million in the first quarter of 2019. It was $263 million in the second quarter Q3 and Q4 showed $432 million and $614 million respectively.

In the recent trading sessions, the shares of the company hit back-to-back 52-week highs. JioCinema broke all previous records as the concurrent viewership touched 2.2 crore when CSK skipper Mahendra Singh Dhoni gave a glimpse of the good old days of thrilling finishes. The last over of the second innings of the match saw the concurrent viewership on JioCinema touching 2.4 crore. With its grand scale and unique design, the objective for the ‘helmet’ installation is to spread awareness about the importance of protection and how it acts as an enabler for individuals to pursue their dreams. Capture the attention of citizens to encourage them to make life safety a priority and wear helmets while riding,” the company said. Fans can look forward to the stories of players like Yuzvendra Chahal, Jos Buttler, Kuldeep Sen and more.

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Renaissance Global in existence for over 25 years now is into exquisite jewellery designing for its marquee customer base across the globe. The company is a licensee for 2 global brands namely-Hallmark and Disney. Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox. Do you have guts of steel or are you a victim of insomnia regarding your investments? The life story of Geoffrey Hinton, the Godfather of AI who quit Google.

Revenue increased in 2020 to $1.85 billion in the first quarter and $1.51 billion in the second quarter. Revenue from affiliate fees was $3.08 billion in the first quarter of 2019. Revenue increased in 2020 to $3.65 billion in the first quarter and $3.75 billion in the second quarter. This is a developing story, we will keep updating as more details about Tata Group IPOs are available. Keep reading IPO Central for latest IPO news and interesting updates. During the year ended 31 March 2022, the engineering specialist was the driving force behind a sharp jump in its parent’s income from other sources.

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From the information available in the public domain, Tata Technologies and Tata Play are the two companies from the house of Tatas that are likely to go public in next year. It is worth highlighting that the last IPO to come from Tata Group was Tata Consultancy Services which made stock market debut in 2004. “Our confidence in Disney’s current trajectory is such that we have, in recent weeks, repurchased a significant stake in the Company,” Loeb wrote to Chapek in a letter seen by Reuters. Loeb wrote after Disney said quarterly profit jumped 50% and its streaming subscriptions overtook Netflix’s. Every shareholder of Tesla as of August 17, 2022, will get two additional shares of the company for every one share held.

Steel Exchange is a small cap Iron and steel products segment company. The company established in the field of iron and steel manufacturing is Andhra Pradesh’s largest private integrated steel plant. The company aims to grow as a quality steel product hub, increasing the customer base and clientele organizations. Inflation has surged to 40-year highs this year, spurring the Federal Reserve to hike interest rates from virtually zero in March to over 4% today, in a bid to slow the pace of price increases.

• Dhurv Jurel’s journey is a true example of grit and believing in the impossible.
• These companies include IPCA Laboratories, Hinduja Global Solutions and SBC Exports.
• Once the split comes into effect, the new face value would be Re 1.
• He also spoke about getting the chance to share the field with his idol, MS Dhoni, and the advice that was given to him by Captain Cool, which was to ‘just believe in himself and start hitting’.
• After the stock split, the price falls, however, there is no change in the market capitalization of the company as the number of outstanding shares get increased.

In the past month, several automobile companies have given good returns to investors, with many of them specializing in forgings and castings. JioCinema’s free streaming of the TATA IPL 2023 for all viewers in India has resulted in a record-breaking number of views till now – over 550 Cr. Views, yet another record for being the highest-ever opening weekend for the TATA IPL on digital. Additionally, JioCinema has registered highest ever number for any apps installed. The BCCI has reportedly decided to “waive off” one match from its media rights agreement with Star India, amounting to Rs 78.90 crore. “IPL will help Jio to bring 100 million new users to its ecosystem of apps across categories like OTT, telecom, e-commerce, and so on.

“It’s possible that the split will create challenges for media agencies and brands. Over the last few years, we have seen that Hotstar and Star Sports were selling ad spots separately. While some advertisers are common, many advertisers are unique to either medium. TV will suffer more on monetization over a 4-5 year period,” he stated.

Harsha Engineers IPO Explained in 10 Important Points

The https://1investing.in/ has zoomed a whopping 428 per cent since listing on BSE in July 2022. The company’s shares have nearly doubled investors’ wealth in the last one year, rising 100%. While the stock enjoys a number of positives such as reasonable debt to equity, and stock price outperformance versus the industry in the last one year, the negative is weak RoE, shows the Trendlyne data. Also, the board of the company has intimated the record date for the stock split as November 3, 2022. As per the recent quarterly results of Tesla, the total revenue of the company grew 42% YoY in Q2 to $16.9B. According to the company, year-on-year, revenue was impacted by growth in vehicle deliveries, increased average selling price, and growth in other parts of the business.

And not to forget, there is the big question of whether viewer interest in the IPL has saturated. You see, during the IPL 2019 final match, Hotstar saw a peak simultaneous viewership of 18.6 million. However that fell to 8.7 million for the final of IPL 2020 and fell even further to 7.6 million when the finals of 2021 rolled around. So it’s quite debatable as to whether the IPL is really getting more popular. The Tata Company should reward its shareholders who are always loyal to Tata group.

Ex-bonus date is an important day for investors to be eligible for bonus shares. To become eligible for bonus shares, an investor should buy the stocks of a company at least one day or two days before the ex-date. Promoters held a 27% stake in the company as of the December quarter, while FIIs owned 0.77% and DIIs 11.47%, according to the shareholding data available with the exchanges. Shares of Tesla will now become more affordable to investors after the stock split takes effect. Tesla’s stock on a split-adjusted basis will begin trading on August 25, 2022.

However, building a stable streaming platform takes a lot of time. Even after considering 5G roll-out, growth in smartphone users, and increasing CTV penetration, it will be tough for them to recover the investments in IPL,” he stated. If estimates provided by industry sources are to be believed, the ad revenue earned by Star Sports from IPL has almost doubled from Rs 1800 crore in 2018 to reach a high of Rs 3500 crore in 2022. In contrast, Disney+ Hotstar’s ad revenue from IPL jumped from Rs 300 crore in 2018 to an estimated Rs 800-1,000 crore in 2022.

cr viewers tuned in for live broadcast of first 19 IPL matches this year: Disney Star

Apart from the stock split, the board has also approved amendments in the capital clause of the Memorandum of Association and Articles of Association of the company. As retail investors have expressed a high level of interest in investing in Elon Musk’s Tesla stock, the Stock Split will also make the stock more accessible to the retail shareholders. Each shareholder on the company’s record as of August 17, 2022, will get 2 additional shares of common stock for every one share held. The additional shares will be credited to the shareholder account after the close of trading on August 24, 2022. Stock split or sub-division of stocks is mulled by a listed company to make its scrip more affordable for retail investor class. Consequently as more investors can enter the scrip post the split, the investor base in the company increases.

Because the costs don’t just stop piling up once you snag the rights. Viacom 18 still has to put up a mighty fine show and attract viewers. They even might need to improve their tech to ensure that the viewing experience doesn’t fall flat. So, in effect, the cost per match could rise to ₹63 crores if you include the production that goes behind it too.

The entertainment prop trading a hundred and one weathered some bad publicity during Bob Chapek’s tenure as CEO. However, Bob Iger — who masterminded Disney’s acquisitions of Marvel, Pixar, and Lucasfilm — took back the company’s reins in November, sparking an uplift in its stock price and revitalizing investors’ hopes of a turnaround. The news, reported through a tweet, assisted with adding further fuel to a new meeting in Tesla’s stock. The organization is the greatest gainer on the NYSE FANG+ Index this year.

“If they go aggressively after subscription, the reach of IPL will take a hit. However, if they take the ad-supported model route then their subscription revenue will take a hit,” he added. Dasgupta also feels that IPL monetisation will be driven by advertising because Jio will focus on expanding the reach of IPL. He also stated that Viacom18 will provide a wider reach and sharper targeting options to advertisers. “Since Viacom18 is backed by Jio they can offer a lot of freebies.

• Additionally, it will also impart valuable life lessons on how the RR players manage to maintain a balance between their professional commitments and family life.
• According to a top-level official with a leading OTT platform, the going will be tough for Disney Star.
• It offers round-the-clock coverage of the latest news covering day-to-day happenings, politics, the entertainment industry, social media, business, health, tech, and many more.
• The organization is the greatest gainer on the NYSE FANG+ Index this year.

Bonus shares are fully paid additional shares issued by a company to its existing shareholders. The actual number of bonus equity shares to be issued and post bonus issue share capital will be determined based on the paid-up share capital as on the record date, the company added. The Ghaziabad-headquartered company told stock exchanges that its meeting is scheduled to be held on January 7, 2022, in which the issue of bonus shares and stock split will be considered.

As retail investors have expressed a high level of interest in investing in Tesla stock, the Stock Split will also make the stock more accessible to the retail shareholders. Elon Musk holds 23.5 per cent while The Vanguard Group holds 6 per cent of Tesla’s shares. BHARAT TIMES is an independent News Website bringing you comprehensive and unbiased news of the country and around the world. It offers round-the-clock coverage of the latest news covering day-to-day happenings, politics, the entertainment industry, social media, business, health, tech, and many more. The collaboration’s mission is to showcase the human side of cricket, offering intimate glimpses into the journey of Rajasthan Royals players through heartwarming anecdotes and powerful narratives.