November 13, 2024

Creating a business name is an important first step in setting up your business, as it represents your brand, attracts potential customers, and gives people a glimpse into what you do. how to create effective business names 1. Reflect Your Business’s Purpose Think about what you want to convey through your name. It could be the service you offer, the industry you’re in, or the value you bring to customers. Example: For a sustainable clothing brand, names like EcoWear or GreenThread highlight the eco-friendly focus. 2. Use Keywords Related to Your Industry Using industry-specific words helps people instantly understand what your business is about. A name that hints at your niche can make your brand more memorable. Example: For a bakery, names like Bakehouse Bliss or Sweet Crumbs signal the product type right away. 3. Combine Two Relevant Words Many businesses combine two words to make a unique, catchy name. Combining words can also set you apart, especially if the words have a fresh connection to your brand. Example: For a tech repair service, names like TechFixer or DeviceDojo combine tech-related terms with a service indicator. 4. Use Rhyming or Alliteration Rhyming or using alliteration can make a business name more catchy and easier to remember. This method is especially effective for consumer-focused brands. Example: For a fitness studio, names like FitFlow or PulsePoint are memorable and have a rhythmic feel. 5. Create a Portmanteau A portmanteau is a blend of two words to create a new one. This is a fun and creative way to make a name that is unique and relevant. Example: For a coffee and co-working space, Cafework combines “cafe” and “work.” 6. Keep It Simple and Easy to Spell Complicated names are harder to remember and can lead to misspellings when people search for your business. Keep it short, simple, and easy to type. Example: For an online shop, names like ShopEase or SimpleGoods are direct and easy to remember. 7. Use Descriptive Words with a Unique Twist A name that describes what you do with a twist can make it stand out. Adding an uncommon word or a clever twist adds personality to your brand. Example: For a landscaping service, GreenHaven or NatureScape suggest greenery with a twist. 8. Consider Future Growth Choose a name that isn’t too limiting. If you plan to expand your product or service range, a versatile name gives you room to grow without rebranding. Example: Instead of The Shirt Store, something like UrbanWear allows for expansion into other types of apparel. 9. Check for Availability Before finalizing your name, check that it’s available as a domain name and on social media platforms. This makes it easier to build a consistent brand presence. Tip: Many online tools can help you check domain and social media handle availability, like Namechk or GoDaddy. 10. Test It with Your Target Audience Once you have a few options, test them with potential customers or friends. Feedback can help you understand how the name is perceived and whether it resonates with your audience. FAQs Why is Choosing the Right Business Name Important? A business name is the first impression for customers and plays a crucial role in brand identity. It reflects your company’s values, mission, and the products or services you offer. A memorable, clear, and unique name can help you stand out in the market. What Makes a Good Business Name? A good business name is memorable, easy to spell and pronounce, and relevant to your business. It should be unique, avoiding similarities with existing brands, and ideally have an available domain name for online presence.

Food Business Operators (FBO) shall inform the relevant Authority of any modifications or additions or changes in product category, layout, expansion, closure, or any other material information based on which the license was granted in order to ensure that the Registering or Licensing Authority always has up-to-date information on their food business establishments. The Food Safety and Standards Authority of India (FSSAI) was organized in 2008 under the instruction of the Ministry of Health and Family Welfare with following all rules and guidelines about food safety. The FSSAI license is required for all food businesses that provide the service and provide any product in the market that is related to food. The FSSAI license is important for all food businesses; it is one type of confirmation for the FSSAI about the safe product. FSSAI is a license that is very helpful for any food business; it contains lots of benefits with that license. There are various added advantages of having an FSSAI license apart from freely indulging in the manufacture and distribution of food items. Legal Benefits: When it comes to the food industry there are various types of rules and regulations about food safety and management and you must have to follow all the rules. The FSSAI licenses provide you many legal advantages. Quality Assurance:   having the FSSAI logo linked with your brand name can support developing trust and quality assurance among the target crowd. People can easily invest and approach your business and food market if they know that you have a license from FSSAI. Types of FSSAI Modifications There are two types of Modification in food licence or Registration certificate : Form C modification : The modification that alters the information contained in the license certificate is called Form C modification.The licence certificate contains below information: Name of FBO Address Of Food Unit Kind of Business Category of Food Licence Product details   Non Form C Modification : Those modifications which do not result in change in the particulars mentioned in licence certificate is covered under non form C modification. For example : Change in nomination Change in technical staff KChange in contact details of applicant or its director/partner/member How to change the address in the FSSAI license? Step 1: Go to the official website of the FSSAI (Food Safety and Standards Authority of India) that is https://www.fssai.gov.in And login with your credentials that you provide while the registration of FSSAI. Step 2: After that click on the Modification tab that is located on the website and chooses the Apply for Modification in the License Tab and clicks on that option that redirects you to the modification page. Step 3: To make any modification on any License, select the option where modification is to be made and Click on ‘Proceed‘, here you have to carefully fill in the updated information that you want to change. Step 4: Once clicked on the proceed link the correction process has to be completed. Otherwise, the selected license will be displayed under the “Incomplete Application” section. In order to continue clicking on the OK button and make the necessary modification and then submit the details. FAQs What is an FSSAI License? The Food Safety and Standards Authority of India (FSSAI) license is a mandatory registration for businesses involved in food manufacturing, processing, storage, distribution, and sale in India. It ensures that the business complies with food safety regulations. Why is it Important to Update the Address on an FSSAI License? Updating the address on your FSSAI license is crucial to maintain compliance with food safety laws. An accurate address ensures that official communications, inspections, and audits are conducted smoothly and legally.

A global depositary receipt (GDR) is a negotiable financial instrument issued by a depositary bank. It represents shares in a foreign company and trades on the local stock exchanges in investors’ countries. GDRs make it possible for a company (the issuer) to access investors in capital markets beyond the borders of its own country. Global Depository Receipts (GDR) Meaning GDRs are a way for foreign companies to raise capital in foreign markets without having to list their shares on the local stock exchange. Instead, a bank buys the shares of the foreign company and issues GDRs in exchange. The bank holds the underlying shares and issues GDRs representing those shares to investors. GDRs are denominated in a currency such as US dollars and traded on international stock exchanges. This allows investors to invest in foreign companies without having to deal with the complexities of investing in a foreign stock exchange, while also providing companies with access to a broader pool of international investors. Characteristics of Global Depository Receipts Here are some key characteristics of Global Depository Receipts (GDRs): 1.    Denomination: GDRs are typically denominated in a currency such as US dollars or euros.2.    Issuers: GDRs are issued by banks or financial institutions in foreign countries on behalf of foreign companies that wish to raise capital from international investors.3.    Ownership: GDRs represent ownership in a foreign company. The underlying shares are held by the bank or financial institution that issues the GDRs.4.    Trading: GDRs are traded on international stock exchanges, allowing investors to invest in foreign companies without having to deal with the complexities of investing in a foreign stock exchange.5.    Dividends: GDR holders are entitled to receive dividends and other distributions from the underlying shares.6.    Conversion: GDRs can be converted into the underlying shares at the option of the holder.7.    Regulatory requirements: GDRs are subject to regulatory requirements in the country of issuance and the country where they are traded. Global depository receipts in the Indian market The Securities and Exchange Board of India (SEBI) published a comprehensive framework to issue Depository Receipts (DR) in October 2019. The new rules allow easier access to foreign capital through GDRs and ADRs. The International Financial Services Centre (IFSC) in Gujarat allows Indian companies to list their global receipts to raise funds through foreign sources. They can only offer their shares on overseas exchanges through GDRs. GDRs can be issued by private placement, public offering or any other method acceptable in the relevant jurisdiction, according to the new rules.  Indian companies who want to issue GDRs must get Ministry of Finance and FIPB clearance. Only listed companies can issue GDRs in overseas marketplaces. GDRs allow investors to gain access to international companies’ capital markets without dealing with language, currency or tax restrictions. An Indian company that wants its shares to be listed on foreign stock exchanges, such as the London and Hong Kong Stock Exchanges, except the US stock exchange, can use a GDR. The Indian company should engage with a foreign depository bank in a depositary receipt agreement. These banks issue shares on their respective stock exchanges based on regulatory compliance in both nations. Following are a few Indian companies that have issued GDRs: UPL is listed on the Singapore Stock Exchange Aditya Birla Capital is listed on the Luxembourg Stock Exchange GAIL India is listed on the London Stock Exchange What is GDR in the stock market? GDRs are negotiable certificates that represent ownership of a specified number of shares of a company issued by depositary banks. They can be traded and listed independently from the underlying shares. Foreign companies can trade in a country’s stock market through GDRs, except the US stock market. Those holding GDRs can surrender them to the bank and convert them into shares. GDRs are listed on non-US stock exchanges like the Luxembourg or London Stock Exchange. The GDR market is institutional and thus offers low liquidity but allows trading across many significant countries. GDR is the only way through which Indian companies can make their shares available on various foreign exchanges. Thus, the company can use the issued negotiable certificates to raise funds outside of India by trading the shares on foreign exchanges. The value of a GDR depends on the value of the underlying share. But, the shares in the foreign country are settled and traded separately from the underlying share. Usually, 1 GDR is equivalent to 10 underlying shares. However, the GDR to the number of shares ratio can differ. Global Depository Receipts Example- Infosys In 2013, Infosys issued 30 million GDRs, each representing one share of Infosys, on the Luxembourg Stock Exchange.  The GDRs were issued by JP Morgan Chase Bank, N.A. and represented approximately 2.2% of the company’s outstanding shares. The GDRs were priced at $14.58 per share and raised a total of $438 million. By issuing GDRs, Infosys was able to raise capital from international investors without having to list its shares on a foreign stock exchange. The GDRs were listed on the Luxembourg Stock Exchange and traded like regular shares, allowing investors to invest in Infosys without the need to navigate the Indian stock market. The GDRs also provided Infosys with access to a broader pool of international investors and helped to improve liquidity for the company’s shares. FAQs What Is the Meaning of Global Depositary Receipt? A global depositary receipt is a negotiable certificate issued by a bank. The certificate represents shares in a foreign company traded on a local stock exchange. GDRs give companies access to greater capital and investors the opportunity to invest in the equity of foreign companies. What Are Some Features of GDRs? GDRs can be listed on multiple global stock exchanges, They also provide investors with the benefits and rights of the underlying shares, which could include dividends. GDRs trade like shares and can be bought and sold throughout the day via a standard brokerage account.