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India Capital Markets Experience
Dorsey’s Indian Capital Markets Capabilities March 2020 OVERVIEW Dorsey’s capital markets team has the practical wisdom and depth of experience necessary to help you succeed, even in the most challenging markets. Founded in 1912, Dorsey is an international firm with over 600 lawyers in 19 offices worldwide. Our involvement in Asia began in 1995. We now cover Asia from our offices in Hong Kong, Shanghai and Beijing. We collaborate across practice areas and across our international and U.S. offices to assemble the best team for our clients. Dorsey offers a full service capital markets practice in key domestic and international financial centers. Companies turn to Dorsey for all types of equity offerings, including IPOs, secondary offerings (including QIPs and OFSs) and debt offerings, including investment grade, high-yield and MTN programs. Our capital markets clients globally range from emerging companies, Fortune 500 seasoned issuers, and venture capital and private equity sponsors to the underwriting and advisory teams of investment banks. India has emerged as one of Dorsey’s most important international practice areas and we view India as a significant market for our clients, both in and outside of India. Dorsey has become a key player in the Indian market, working with major global and local investment banks and Indian companies on a range of international securities offerings. Dorsey is recognized for having a market-leading India capital markets practice, as well as ample international M&A and capital markets experience in the United States, Asia and Europe. Dorsey’s experience in Indian capital markets is deep and spans more than 15 years. -
Internal Audit
Annexure-1 Oraganisations who recognised CMAs for Internal Audit/Concurrent Audit S.No. Name of Organisations Central PSU 1 Airports Authority of India 2 Andaman and Nicobar Islands Integrated Development Corporation Limited 3 Andrew Yule & Company Limited 4 Artificial Limbs Manufacturing Corporation of India Limited 5 Biecco Lawrie Limited 6 Bharat Coking Coal Limited 7 Bharat Heavy Electricals Limited 8 Bharat Wagon Engineering Co. Ltd 9 BharatBroadband Network Limited 10 Bharat Sanchar Nigam Limited 11 Brahmaputra Valley Fertilizer Corporation Limited 12 Braithwaite & Co. Limited 13 Bharat Dynamic Limited 14 Burn Standard Co. Ltd 15 Central Cottage Industries of India Ltd. 16 Central Coalfields Limited 17 Central Electronics Limited 18 Central Mine Planning & Design Institute Limited 19 CENTRAL COTTAGE INDUSTRIES CORPORATION OF INDIA LIMITED 20 Coal India Limited 21 Container Corporation of India 22 Dedicated Freight Corridor Corporation of India Limited 23 Durgapur Chemicals Limited 24 Eastern Coalfields Limited 25 Fertilisers and Chemicals Travancore Limited (FACT Ltd.) 26 Ferro Scrap Nigam Ltd 27 Garden Reach Shipbuliders & Engineers Limited 28 GOA SHIPYARD LIMITED 29 Heavy Engineering Corporation Limited 30 Hindustan Aeronautics Limited 31 HIL (INDIA) LIMITED formerly known as Hindustan Insecticides Limited 32 Hindustan Newsprint Limited 33 Handicrafts & Handlooms Exports Corporations of India Ltd. 34 HLL Lifecare Ltd 34 HMT Ltd. 35 HMT MACHINE TOOLS LIMITED 36 IFCI Infrastructure Development Limited India-Infrastructure-Finance-Company-Limited -
Government of India Ministry of Micro, Small and Medium Enterprises
GOVERNMENT OF INDIA MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES LOK SABHA UNSTARRED QUESTION NO. 4232 TO BE ANSWERED ON 07.01.2019 PUBLIC PROCUREMENT POLICY 4232. SHRI ADHALRAO PATIL SHIVAJIRAO: SHRI SHRIRANG APPA BARNE: SHRI KUNWAR PUSHPENDRA SINGH CHANDEL: DR. SHRIKANT EKNATH SHINDE: SHRI ANANDRAO ADSUL: SHRI VINAYAK BHAURAO RAUT: Will the Minister of MICRO, SMALL AND MEDIUM ENTERPRISES be pleased to state: (a) the details of the total annual procurement of goods and services by each Public Sector Enterprise (PSE) in the year 2014-15, 2015-16, 2016-17 and 2017-18; (b) the quantity of calculated value of goods and services procured under Public Procurement Policy Order, 2012 during the said period in each PSE; (c) the status of procurement under this policy from MSMEs owned by SC/ST and non-SC/STs during the said period by each PSE; (d) whether the public procurement policy is not being complied with by many Government departments/PSEs; and (e) if so, the details thereof and the reasons therefor along with corrective steps taken/being taken by the Government in this regard? ANSWER MINISTER OF STATE (INDEPENDENT CHARGE) FOR MICRO, SMALL AND MEDIUM ENTERPRISES (SHRI GIRIRAJ SINGH) (a) to (e): The details of annual procurement of goods & services by the Central Public Sector Enterprise (CPSE) as per information provided by Department of Public Enterprises (DPE) are as under: Year No. of Total Procurement Procurement from MSEs CPSEs Procurement From MSEs owned by SC/ST (Rs. in Crore) (Rs. in Crore) Entrepreneur (Rs. in Crore) 2014-15 133 131766.86 15300.57 59.37 2015-16 132 279167.15 12566.15 50.11 2016-17 142 245785.31 25329.44 400.87 2017-18 169 280785.49 24226.51 442.52 Ministry of MSME has taken several measures for effective implementation of the Public Procurement Policy. -
Results for the Quarter Ended December 31, 2004 Under
FOR IMMEDIATE RELEASE Results for the Quarter ended December 31, 2004 under Consolidated Indian GAAP Wipro records 56% growth in Profit After Tax Dollar Revenue in Global IT business grows 41% YoY; Operating Margin in Global IT business (before 1% non-cash charge for RSUs) at 27% Bangalore, January 21, 2005 –Wipro Limited today announced its audited results approved by the Board of Directors for the quarter ended December 31, 2004. Highlights for the Quarter ended December 31, 2004: • Profit Before Interest & Tax (PBIT) grew by 66% year on year to Rs. 4.76 billion (Rs. 476 Crores). Revenue for the quarter was Rs. 21.10 billion (Rs.2,110 Crores), an increase of 39% year on year. • Profit After Tax grew by 56% year on year to Rs.4.27 billion (Rs.427 Crores). • Global IT Services & Products Revenue increased 38% year on year, at Rs. 15.89 billion (Rs. 1,589 Crores). • Global IT Services & Products PBIT was Rs. 4.14 billion (Rs. 414 Crores), an increase of 65% year on year, contributed by pricing growth and productivity improvements. • Global IT Services & Products Operating Margin (excluding 1% non-cash charge for Restricted Stock Units -RSUs) was 27%, despite increase in compensation cost and Rupee appreciation • Global IT Services & Products added 26 new clients in the quarter. • India, Middle East and Asia Pacific IT Services and Products Revenues grew by 45% and PBIT grew by 69% year on year. Outlook for the Quarter ending March 31, 2005: Azim Premji, Chairman of Wipro commenting on the results said “We continued our strong performance into the third quarter of the fiscal year. -
In the High Court of Delhi at New Delhi + Fao (Comm)
$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI + FAO (COMM) 75/2021 & CM APPL. 10873/2021 & 10874/2021 M/S MANGALWAR FILLING STATION ..... Appellant Through: Mr.Anil Airi, Sr. Adv. with Mr.Rishabh Sancheti, Ms.Padma Priya, Mr.Anchit Bhandari & Ms.Shreya Gupta, Advs. versus INDIAN OIL CORPORATION LIMITED & ORS. ..... Respondents Through: Ms.Mala Narayan & Mr.Shashwat Goel, Advs. R-1/IOCL. Reserved on : 25th May, 2021 % Date of Decision: 07th July, 2021 CORAM: HON'BLE MR. JUSTICE MANMOHAN HON'BLE MR. JUSTICE NAVIN CHAWLA J U D G M E N T MANMOHAN, J: 1. Present appeal has been filed under Section 37 of Arbitration and Conciliation Act, 1996 (hereinafter referred to as “the Act”) challenging the order dated 4th March, 2021 passed by the learned District Judge (Commercial Court – 02), Patiala House Court, New Delhi whereby the Appellant’s petition under Section 34 of the Act was dismissed. Appellant also challenges the arbitral award dated 21stJuly, 2018 whereby the Appellant’s claim was FAO (COMM) 75/2021 Page 1 of 16 dismissed and the Show Cause Notice dated 06th February, 2015 issued by the respondent-IOC was held to be valid. FACTS OF THE CASE 2. The Appellant, a proprietary concern of Sh. Rajendra Kumar, is engaged in the business of running a petrol and diesel pump on the National Highway no.76, Udaipur Road, Chittorgarh, Rajasthan as granted by the respondent– Indian Oil Corporation Ltd. Originally, the Appellant was the owner of the land from where the petrol and diesel pump was being run. The respondent appointed the Appellant as a dealer vide Letter of Appointment dated 4th January, 1991. -
Shri Ved Prakash & Shri R. K. Bahuguna Elected As
ISSUE 64, MARCH-APRIL, 2017 CELEBRATING (10th April, 2017 - 16th April, 2017) HON’BLE PRESIDENT TO ADDRESS THE 8TH PUBLIC SECTOR DAY ON 11TH APRIL, 2017 Shri Ved Prakash & Shri R. K. Bahuguna Elected as Chairman & Vice Chairman of SCOPE Shri Ved Prakash Shri R. K. Bahuguna CMD, MMTC Ltd. CMD, RAILTEL Corp. MARCH-APRIL, 2017 SCOPE NEWS Shri Ved Prakash & Shri R. K. Bahuguna Elected as Chairman & Vice Chairman of SCOPE Shri Ved Prakash Shri R. K. Bahuguna CMD, MMTC Ltd. CMD, RAILTEL Corp. allot papers received from Constituent PSEs for the SCOPE Mr. Deepak Kumar Hota, CMD, BEML; Mr. D.R. Sarin, CMD, ALIMCO; BElections 2017-19 for Chairman, Vice-Chairman and Members of Mr. Ravi P. Singh, Director (Personnel), Power Grid Corporation; Mr. the SCOPE Executive Board were counted and results were declared Saptarshi Roy, Director (HR), NTPC; Mr. D.D. Misra, Director (HR), ONGC; on 28th March 2017 in the presence of authorized representatives Mr. Rajeev Bhardwaj, Director (HR), SECI; Mr. R.K. Gupta, CMD, WAPCOS from PSEs and Contestants. Limited; Mr. R.K. Sinha, Director (HR), NTC; Mr. Deependra Singh, CMD, IREL; Mr. Kishor Rungta, Director (Finance), ECIL; Dr. Sanjay Kumar, Dr. U.D. Choubey, Director General, SCOPE and Returning Officer Director (HR), WCL; Dr. B.P. Sharma, CMD, Pawan Hans Limited; Cmde declared the results. A.N. Sonsale, CMD, NEPA Ltd.; Dr. H. Purushotham, CMD, NRDC; Following are the results: Mr. D.S. Sudhakar Ramaiah, Director (Finance) & CMD, PDIL; and Chairman: Mr. Ved Prakash, CMD, MMTC Ltd. Mr. Anupam Anand, Director (Personnel), Hindustan Copper Limited. -
Bharat Petroleum Corporation Limited
BHARAT PETROLEUM CORPORATION LIMITED BS-VI MS BLOCK PROJECT OF M/s BPCL-KOCHI REFINERY, KOCHI, KERALA (BIDDING DOCUMENT NO. BM/B034-0MY-CI-TN-8104/1003) BIDDING DOCUMENT FOR CIVIL/STRUCTURAL & UG PIPING WORKS FOR OFFSITE Prepared & Issued by: Sl. No. ……. MASTER INDEX NAME OF WORK : CIVIL/STRUCTURAL & UG PIPING WORKS FOR OFFSITE FOR BS-VI MS BLOCK PROJECT OF M/s BPCL-KOCHI REFINERY, KOCHI, KERALA BIDDING DOCUMENT NO. : BM/B034-0MY-CI-TN-8104/1003 PART-I: COMMERCIAL SL. NO. DESCRIPTION NO. OF SHEETS 1.0 COVER PAGE 01 2.0 MASTER INDEX 02 3.0 NOTICE INVITING TENDER (SHORT) 01 4.0 NOTICE INVITING TENDER (DETAILED) 10+3 5.0 ACKNOWLEDGEMENT CUM CONSENT LETTER 02 6.0 INSTRUCTIONS TO BIDDERS (ITB) 14 7.0 INSTRUCTIONS FOR E-TENDERING 3 8.0 PROPOSAL FORMS 32 9.0 GENERAL CONDITIONS OF CONTRACT (GCC) & 48+22 SAFETY REGULATIONS OF BPCL-KOCHI REFINERY 10.0 SPECIAL CONDITIONS OF CONTRACT (SCC) 36 11.0 ANNEXURES TO SCC i) Scope of Work 02 ii) Scope of Supply 02 iii) Time Schedule 02 iv) Measurement of Work 03 v) Terms of Payment 08 vi) Minimum Required Equipments, Tools & Tackles 06 vii) Minimum Key Construction Manpower 04 viii) Qualification & Experience requirements of Manpower 06 to be deployed at Site ix) Quality Management System 22 x) Spec. for Health, Safety and Environment 196 Management, Safety Measures for Electrical Installations during Construction, OISD. xi) Approval of Sub-Contractor 02 xii) Conditions for Issue and Reconciliation of Materials 10 xiii) Integrity Pact 07 Page 1 of 2 SL. -
Government of India Ministry of Heavy Industries and Public Enterprises Department of Public Enterprises
GOVERNMENT OF INDIA MINISTRY OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES DEPARTMENT OF PUBLIC ENTERPRISES LOK SABHA UNSTARRED QUESTION NO. 1428 TO BE ANSWERED ON THE 11th FEBRUARY, 2020 ‘Job Reservation for SCs, STs and OBCs in PSUs’ 1428. SHRI A.K.P. CHINRAJ : SHRI A. GANESHAMURTHI : Will the Minister of HEAVY INDUSTRIES AND PUBLIC ENTERPRISES be pleased to state:- (a) whether the Government is planning to revamp job reservations issue for Scheduled Castes (SCs), Scheduled Tribes (STs) and Other Backward Classes (OBCs) in State-run companies following sharp fall of employment opportunities to them consequent upon disinvestment in all the Public Sector Enterprises (PSEs); (b) if so, the details thereof; (c) whether it is true that the Department of Investment and Public Asset Management (DIPAM) is examining the issue of job reservations for SCs, STs and OBCs in State run companies following disinvestment and if so, the details thereof; (d) the total disinvestment made in various PSEs company and category-wise during the last three years along with the reasons for disinvestment; (e) the total number of SCs, STs and OBCs presently working in various PSEs company and category-wise; and (f) the total number of SCs, STs and OBCs who lost their jobs in these companies during the said period? ANSWER THE MINISTER FOR HEAVY INDUSTRIES & PUBLIC ENTERPRISES (SHRI PRAKASH JAVADEKAR) (a to d): Job reservation is available to Scheduled Castes (SCs), Scheduled Tribes (STs) and Other Backward Classes (OBCs) in Central Public Sector Enterprises (CPSEs) as per the extant Government policy. The Government follows a policy of disinvestment in CPSEs through Strategic Disinvestment and Minority Stake sale. -
Annual Report 2007 | Reports & Filings | Investors
Once upon a time, the world was spiky. Opportunities were unequal across countries, information was often walled and new economies were unheard of. But around the mid 990s, things started changing. Wealth began to spread, opening up fresh markets. A baby-boomer generation aged in developed countries while a Gen-Y exploded in emerging ones, rebalancing the workforce and propelling new economies. Technology became ubiquitous, connecting people and information. Together, these disruptive forces rearranged and leveled the global business-scape. Braving the waves of complex regulations and changing customer expectations, a new breed of entrepreneurs arrived to claim the unexplored land. They found a flat world. We live in exciting times. Infosys Annual Report 2006-07 | Winning in the Flat World Nandan M. Nilekani, CEO and Managing Director, Infosys Technologies Ltd., in conversation with Brianna Yvonne Dieter, Executive – Academic Relations, Infosys Technologies Ltd. Recently you have been talking about the world becoming companies should beat them by making their operations more flat. Could you elaborate further? cost-competitive and globally efficient. We believe that four major trends are changing the business Create customer loyalty through faster innovation: Customers stay landscape. They are: with companies which have the most innovative and useful products and services. Therefore, companies must be able to innovate rapidly The emergence of developing economies creating new markets l to offer products and services that customers value. In many cases, and accessible talent pools, this may require co-creating these offerings with customers or l A global shift in demographics, driving companies to tap young partners. and skilled talent pools outside of industrialized countries, Make money from information: Despite years of investment in l The ongoing adoption of technology which is changing how systems, few companies are truly able to leverage information to consumers and companies use technology, and improve their operational or financial performance. -
COMPETITION MONTHLY (June-July 2021) DUA ASSOCIATES
COMPETITION MONTHLY (June-July 2021) DUA ASSOCIATES 1. Karnataka High Court dismisses Amazon and with the exception namely the cases involving Flipkart’s petitions challenging the probe violation of fundamental human rights. ordered by the Competition Commission of India against their business practices The Kar HC accordingly dismissed the writ petitions. The Karnataka High Court (“Kar HC”) has dismissed the writ petitions filed by Amazon As per current information available, this Seller Services Pvt. Ltd. (“Amazon”) and Flipkart judgement is under appeal before a division Internet Pvt. Ltd. (“Flipkart”) challenging an bench of the Kar HC. Arguments have been heard order passed by the Competition Commission of by the Hon’ble Division Bench of the Kar HC in India (“CCI”) dated 13 January 2020 (“Impugned the matter, and order is reserved. Order”) directing investigation under Section 26(1) of the Competition Act, 2002 (“the Act”) by [Case: Amazon Seller Services Private Limited and the Director General. Ors. vs. Competition Commission of India and Ors., W.P. Nos. 3363 of 2020 and 4334 of 2020 (GM-RES). Before the Kar HC, it was argued by Amazon and Order dated 11 June 2021. The full text of the Flipkart that the Impugned Order was ultra vires judgment may be accessed here] the object and purpose of the Act and the said order suffers from non-application of mind. It was 2. Delhi High Court refuses to stay the notice also argued that the CCI had not formed any issued by Director General, Competition prima facie opinion with regard to contravention Commission of India, demanding more of any provision and no notice was provided to information on Whatsapp’s Privacy Policy them by CCI, which was not the practice is earlier cases. -
The Halting Progress of Privatization in India. Nandini Gupta* Current
From Commanding Heights to Family Silver: The Halting Progress of Privatization in India. Nandini Gupta* Current status of the privatization program In February 2010, India’s United Progressive Alliance (UPA) government, led by the Congress party, resurrected its stalled privatization program with a secondary offering of shares in National Thermal Power Corporation Ltd (NTPC), one of India’s best performing government-owned firms, which owns 20% of India’s power generation capacity. The sale of the $1.8 billion block of shares reduced the government’s existing stake in the company by an additional 5%, leaving 85% still under government control. However, the poor performance of the offering has raised alarm bells for the government’s future privatization plans. NTPC was subscribed just 1.2 times for the secondary offering, mainly with the help of government-owned financial institutions (“NTPC issue scrapes through with support from SBI, LIC,” The Economic Times, February 6, 2010). Although two foreign investment banks, Citigroup and J.P. Morgan were advising the company, the secondary offering did not attract any foreign institutional investment. The poor performance of the offering has also raised questions regarding the growth prospects of this company, which is a “navratna”, one of the nine “jewels” in the government’s crown. In a recent speech, the top ranking bureaucrat in the power ministry, HS Brahma, pointed out the company’s low employee productivity (“Power secretary censures NTPC for low productivity,” Daily News and Analysis India, February 15, 2010). The lackluster performance may also be due to investor skepticism regarding the company’s ability to compete effectively with a rapidly growing private sector. -
SAIL and NTPC Summary Report India Pilot Survey for Disseminating
SAIL and NTPC Summary Report India Pilot Survey for Disseminating SME’s Technologies for reflecting the image of the industrial furnace inside of national steel plant and national coal thermal power plant to improve the combustion efficiency by the Heat Resistant Camera System in India. September, 2015 Japan International Cooperation Agency Joint Venture of SECURITY JAPAN CO., LTD. and OGAWA SEIKI CO., LTD. 1. BACKGROUND India has experienced rapid economic growth over the past decade. However, the rapid economic growth has also brought about increasing and demanding issues such as unstable power supply and environmental pollution/climate change. Japan and India government established the Japan-India energy dialogue to start consideration of a comprehensive cooperation concerning the electricity supply, energy conservation, coal supply and other relevant matters. The Japan Iron and Steel Federation are also promoting the support of energy conservation technology to India Iron and Steel industry. Thus, the cooperation between Japan and India has been increasing immensely over the past years both in public and private sectors. On the other hands, the Heat Resistant Camera System (hereinafter referred to as Camera System) can bring the internal image of industrial furnace such as coke oven or coal boiler for thermal power under the combustion. The image can be used for analysis like improvement of energy efficiency of furnace. In line with this, Camera System proposed in this survey is expected to also contribute to the Japan-India cooperation in the field of energy saving. 2. OUTLINE OF THE PILOT SURVEY FOR DISSEMINATING SME’S TECHNOLOGIES (1) Purpose The purpose of the survey is to verify the visualizing of internal situation of furnace under combustion and improving the efficiency of combustion through reflecting the internal image by Camera System.