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AHMEDABAD MONDAY 20/07/2020 7

New Sebi norms to give more fund- Govt's locust operation covers 1.33 BIZ NEWS IN NUTSHELL lakh hectares in North, West raising flexibility to stressed firms Tata assures no employees of New Delhi: Promoters framework. lines relaxing pricing and New Delhi: The govern- deployed at Barmer, breeding areas along the of stressed companies will The amendments can open offer requirements to ment has carried out locust Jaisalmer, Bikaner, Nagaur Indo-Pakistan border. In Pa- Dutch unit to lose job get more flexibility in at- also help promoters get fi- enable easier fund raising control operations across and Phalodi in Rajasthan kistan, some swarms have New Delhi: Tata Steel has finally agreed to the tracting investors and the nancial investors on board through preferential allot- 1,32,777 hectares area in for effective control of lo- started laying eggs in demands of workers at its IJmuiden unit in the Neth- process of determining the without losing control of ment by stressed listed Rajasthan, Madhya Pradesh, custs on tall trees and in in- southeast Sindh near the erlands, saying no employee will lose his job, accord- right price for assets would the company. Even if they companies. Punjab, Gujarat, Uttar accessible areas through Indian border while swarms ing to labour union FNV Metaal. The Dutch workers’ get easier following a new get investors who wish to In order to ensure that Pradesh and Haryana. spraying of pesticides. No hopper bands are forming union said it has reached an agreement with the set of amendments intro- take control, they could end the relaxations can be Presently 60 control significant crop losses have in Khyber Pakhtunkhwa. management of Tata Steel in the Netherlands. duced by capital market up with a continuing role in availed by genuinely teams with spray vehicles been reported except in Desert Locust of South- regulator Sebi in its prefer- the company which may be stressed companies, clear are deployed in these states some districts of Rajasthan, West Asian countries includ- ential share issuance norms. diluted but not completely criteria for a company to and more than 200 central he said.No significant crop ing Afghanistan, India, Iran NTPC signs MoU with IOCL and Market experts said the removed.Therefore, due to qualify as a stressed com- government personnel are losses have been reported and Pakistan is being SDMC working together with state except in some districts of organised by FAO. Fifteen new guidelines provide such flexibility, promoters pany have been laid down. New Delhi: India’s largest power generator NTPC flexibility to the promoters may prefer restructuring Adequate safeguards governments to curb the Rajasthan, he said. Food virtual meetings of the tech- menace of locusts, which and Agriculture nical officers of South West Limited and Limited signed a and promoter group enti- through these guidelines as have also been put in place bi-partite MoU and a tri-partite MoU amongst NTPC, ties to attract investors for a better and faster alterna- in terms of restricting per- pose threat to crops, said a Organization’s latest up- Asian countries have taken senior agriculture ministry date on Locust says swarms place so far, he said. IOCL and South Delhi Municipal Corporation for De- their companies rather than tive than going through IBC, sons who are eligible to par- velopment of Waste to Energy facility at Okhla Land- becoming completely dis- the experts added.Sebi, on ticipate, end-use disclo- official. He said that 5 com- from Somalia are likely to panies with 12 drones are migrate to the summer fill site in the august presence of Shri Dharmendra possessed as under the IBC June 22, introduced guide- sures, restrictions. Pradhan, Hon’ble Minister of Petroleum & Natural Gas and Steel, Shri R.K. Singh, Hon’ble Minister of State for Power and New & Renewable Energy & Minister Hyundai introduces Venue SUV with clutch- of State (SD&E) and Shri Anil Baijal, Hon’ble Lieuten- Tata Steel also confirmed reaching less iMT technology, a first in India ant Governor of Delhi. New Delhi: Hyundai retains the ability to slot Motor has announced India gears manually, thereby de- MV Ravi Someswarudu takes over as an agreement with the union debut of intelligent Manual livering enhanced control Transmission (iMT) on and retaining the joy of CEO of GAIL Gas Limited New Delhi: The com- pact also contains agree- Vakverenigingen (FNV) said Hyundai Venue sub-com- driving.SS Kim, MD and CEO, Noida: Shri MV Ravi Someswarudu has taken pany said it has reached an ments about working less is very satisfied with the pact SUV. The ‘industry-first Hyundai Motor India Ltd, over as Chief Executive Officer (CEO) of GAIL Gas Lim- agreement with its Dutch for older employees. The agreement and it will now innovation’ offers custom- said, Hyundai has been driv- ited, a wholly-owned subsidiary of GAIL (India) Lim- unions to resolve the differ- current generation pact has present it to its members as ers the convenience of 2- ing the adoption of new ited, engaged in the city gas distribution business. ences which resulted in the therefore been extended by soon as possible.Berghuis pedal clutch-less technol- and innovative technolo- Prior to this assignment, he was serving as Executive strike action in IJmuiden. two years until December said that this agreement ogy combined with fun-to- gies at scale. With our ‘Fu- Director & Officer In-Charge of the Petrochemical As per the negotiations, 31, 2024.This pact includes counterbalances the risks w Drive elements of a manual ture Ready’ business strat- Project at GAIL, Pata. He has taken over the charge which finished last late the possibility of working 50 Steel Europe. It shows that transmission.Hyundai’s iMT egy, we have been continu- from Shri AK Jana, who is now the Managing Direc- night, the company said in per cent after the age of 60, striking pays off. I am very technology is essentially a ously striving for customer tor for Limited (IGL). the Netherlands there will while retaining 100 per cent proud of everyone who revolutionary 2-pedal sys- delight with Human centric Mr. Someswarudu has rich and diverse experi- be no compulsory redun- pension accrual and 77 to helped to achieve this result. tem that eliminates the technologies that present ence encompassing more than 34 years in the Oil & dancies from the company’s 90 per cent of wages, de- The Dutch operations of the need for drivers to con- our innate understanding of Gas and Petrochemical Sectors covering diverse transformation programme. pending on the amount of company were facing con- stantly use the clutch pedal what our customers’ desire. functions like Project Development, Operations and Roel Berghuis, director the current salary, the union tinuous protests and dem- as in a conventional manual iMT is one such technology Maintenance, Technical Services, Process Design and of FNV Metaal, said that af- said.Federatie Nederlandse onstrations. transmission. However, with that accounts for pleasure Engineering, Design of Pipelines & Gas processing ter 25 days of strike, the this technology the driver of driving and also the con- plants, Technology Selection and R&D.He has also management of Tata Steel venience needed to ease served in the Exploration & Production, Petrochemi- finally listens to the wishes Power Mech the hectic burden of daily cal Group at GAIL Corporate Office and also held of the employees. Indian exchanges see just 4 commutes. This unparal- additional charge of Project Development Depart- Hard agreements have Projects secures leled drive experience on ment. been made to maintain em- IPOs in Jun quarter: Report Hyundai Venue India’s First ployment. No employee will New Delhi: India wit- consultancy EY India said. orders worth Rs Connected SUV has been be fired in IJmuiden during nessed four initial public of- About April-June period, 1,507 crore curated through a constant M Taj Mukarrum assumes charge of the upcoming ferings worth $ 2.08 million also the second quarter of New Delhi: Engineer- pursuit of innovation. Director (Finance), POWERGRID reorganisation from Tata in the three months ended 2020, the report said that ing and construction firm Steel Europe.In addition, the New Delhi: M Taj Mukarrum has assumed the June as the coronavirus consumer products & retail, Power Mech Projects said it charge of Director (Finance) of Power Grid Corpora- employment pact, which pandemic impacted eco- and diversified industrial has bagged orders worth Rs contains agreements on job tion of India Limited (POWERGRID) on 4 July, 2020. nomic activities, according products were the active 1,507 crore. The company PUBLIC NOTICE Prior to taking up this assignment, he was working retention, has been ex- to report. sectors in terms of the num- has received civil and archi- We, M/s Jyoti Resins & Adhesives Limited as Executive Director (Finance), POWERGRID. M Taj tended by five years until All the IPOs were in the ber of IPOs. Each sector had tectural works of coal han- October 1, 2026, he said.The hereby bring into the notice of general public that the Mukarrum has about thirty five years of experience Small and Medium Enter- two IPOs on the SME mar- dling plant (CHP) area of all in Power Sector which includes Long term Financial prises (SMEs) segment and ket and they were worth MoEF & CC, New Delhi has granted Environmental units 5x800 MW at Yadadri Clearance for the proposed expansion "Manufactur- Planning, Financial Concurrence, CAPEX & O&M pay- Disclaimer the median deal size was around $2.08 million. Thermal Power Plant, at ing unit of Synthetic Resin Adhesive at Survey No. 873, ments, vetting of Detailed Project Reports (DPR)/Re- $0.38 million.Although Indian stock exchanges Dameracherla, Nalgonda Ranchhodpura Road, Village Santej, Tal. Kalol, Dist. vised Cost Estimates (RCE), Coordination for Project Adverstisement there has not been much (BSE and NSE including appeared in this News district in Telangana, India Gandhinagar, vide F.No. J-11011/429/2017- IA-II(I) Financial Viability Appraisal by external professional activity, companies are con- SMEs) ranked seventh in the for a contract price of Rs 290 dated 14.07.2020. The copy of the environmental clear- Agencies for Consultancy Business Vertical including Paper have not been sidering their long-term world in terms of number of verified factually and crore to be executed over 26 ance letter is available on website of MoEF & CC on Smart Grid and Energy Efficiency such as Electric “WESTERNTIMES” growth plan, and have IPOs in Q2 2020. There were months.It has won sand http://parivesh.nic.in Vehicle Charging (eV), Energy Audits, setting up started to engage in conver- no cross-border deals and mining contracts from the Jagdish N. Patel ( Managing Director ) Smart Grid Cities Infrastructure, Railway Electrifica- does not stand sations towards their IPO there were no IPOs in the responsible for the Madhya Pradesh State Min- Date : 18-07-2020 Jyoti Resins & Adhesives Ltd. tion Projects. sales proposition. preparation in this eco- main markets, the report ing Corporation Limited for nomic slowdown, leading said. Rs 477 crore. AHMEDABAD * MARKET * GUIDE