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Monday • August 30, 2021 Mumbai MONDAY • AUGUST 30, 2021 MUMBAI ₹10 • Pages 12 • Volume 28 • Number 241 Bengaluru Chennai Coimbatore Hubballi Hyderabad Kochi Kolkata Madurai Malappuram Mangaluru Mumbai Noida Thiruvananthapuram Tiruchirapalli Tirupati Vijayawada Visakhapatnam Regd. TN/ARD/14/09-11, RNI No. 55320/94 CM YK ................BM-BME MUMBAI BusinessLine J2 MONDAY • AUGUST 30 • 2021 CM YK ................BM-BME MONDAY • AUGUST 30, 2021 MUMBAI ₹10 • Pages 12 • Volume 28 • Number 241 GDP NUMBERS TOMORROW DOUBLE WHAMMY MANN KI BAAT The first quarter GDP data for the Covid and African Swine Fever have The start­up sector is getting vibrant and current fiscal may come in higher taken a toll on the $2­billion pork this bodes well for the country in the days to mainly due to the base effect p10 and pig­rearing industry in Assam p3 come, says Prime Minister Narendra Modi p2 Bengaluru Chennai Coimbatore Hubballi Hyderabad Kochi Kolkata Madurai Malappuram Mangaluru Mumbai Noida Thiruvananthapuram Tiruchirapalli Tirupati Vijayawada Visakhapatnam Regd. TN/ARD/14/09-11, RNI No. 55320/94 Airtel dials up ₹21,000­crore rights issue Analysts wary of lack of details on deployment from high capex, non­core invest­ (ARPU) to ₹200­300 in the coming ment and AGR liabilities. Plus no months. The company has been tar­ BL ON CAMPUS of funds amid intense competition with Jio clarity on purpose/ utilisation of geting this ARPU range for long since For a mentor-mentee relationship fund raise,” Aliasgar Shakir ­ Telecom the launch of Reliance Jio in 2016. There are cases of the S RONENDRA SINGH laborations with various partners. Analyst, Motilal Oswal Financial Ser­ As of first quarter ended June, Air­ mentor and mentee not New Delhi, August 29 This is one of the biggest fundrais­ vices, told BusinessLine, adding that tel’s ARPU was ₹ 146, whereas Reli­ being aligned on the Bharti Airtel on Sunday said that its ings of the company after its quali­ there is no update on any strategic ance Jio’s was ₹138.4 and Vodafone­ nature of the board of directors has approved fied institutional placement (QIP) investment too. Idea ₹104. relationship. We have equity capital raising of up to and foreign currency convertible The just­announced rights issue seen different issues as ₹21,000 crore through a rights issue. bond issuance last year. In January Net debt involves fully paid­up equity share of mentees as well as mentors. Based on our “The board approved the issuance last year, the telecom major had funds for paying AGR dues to the But, another telecom industry ob­ ₹535 each (including a premium of experience, here are some tips we would of equity shares of face value of ₹5 raised $2 billion via a QIP issue, government, but it is unlikely. The server said the proposed capital ₹530 per equity share). Twenty­five like to offer to those seeking mentors. p6 each of the company on rights basis mainly to pay its dues to the Depart­ company has AGR dues of ₹ 43,000 mop­up, which is expected to hap­ per cent of this has to be paid on ap­ to eligible equity shareholders of the ment of Telecommunications as dir­ crore, out of which it has already pen over 36 months, is likely to plication and the balance in two CORPORATE FILE company as on the record date (to be ected by the Supreme Court towards paid ₹18,004 crore by March 31. How­ strengthen the balance sheet of Air­ more additional calls as may be de­ The web of life at TVS Motors notified later), of an issue size of up adjusted gross revenue (AGR). ever, some also opined that the an­ tel and enable the telecom company cided by the Board/ Committee of We are inside a forest to ₹21,000 crore further capital,” the nouncement is not clear yet on pur­ to raise more debt resources in the the Board from time to time, based with multiple ponds, 18 company said in a stock exchange 5G auction pose/ utilisation of the capital and it years to come. The company, with a on the company’s requirements to be precise, and filing. Acording to some analysts and mar­ is a bit of a dampener for such a high net debt of ₹1.6 lakh crore, would re­ within an overall time­horizon of 36 diverse sub-habitats — However, the company is yet to ket trackers, apart from the invest­ capex­intensive sector. quire such fundraising through dif­ months. For the QIP issue, the board marsh land, grassland, share details on the purpose of the ment to develop 5G technology, the “This is third round of fundraising ferent routes, said some analysts. For had fixed the floor price as ₹452.09 a wetland and woodland proposed equity capital raise. Ac­ company may utilise the proposed in less than three years after ₹42,000 improving its balance sheet and for share. — home to 442 species of plants and 292 cording to sources, the company capital mop­up for the upcoming 5G crore raised in fiscal year 2020. It’s a return on investment too, the com­ Shares of Airtel closed at ₹ 593.95 species of animals. All this within the may use this fund for capex and in­ spectrum auctions, expected at year­ bit of a dampener after rising lever­ pany has been vocal about increas­ apiece on the BSE on Friday, up 1.21 premises of TVS Motor Company’s factory vestment for 5G technology with col­ end. Theoretically, it can utilise some age in the last three years coming ing the average revenue per user per cent from the previous close. at the heart of Hosur’s industrial cluster. Welcome to the Sacred Forest. p7 QUANTUM Cool as carbon dioxide HUL leverages AI, ML, data for a smarter supply chain Earlier this month, the Chairman Sanjiv Mehta says company’s three what you sell today, we manufac­ ensure a very high rate of fulfill­ lion outlets adopting it,” Mehta Cabinet approved the ture tomorrow. That’s the vision, it ment,” Mehta said. said. ratification of the ‘Kigali biggest assets are people, brands and data will take some time for us to reach At the core of Mehta’s strategy is Amendment to the there, but we are progressing to­ The digital strategy data. HUL has hundreds of experi­ Montreal Protocol on Substances that Deplete VINAY KAMATH ferent assortment of products wards that,” he added. The seeds of the digital strategy ments running in the company THOMAS K THOMAS compared to a store in Dahisar. In HUL has also started measuring were sown by Mehta a few years ago today that use tech platforms like the Ozone Layer’. This means phasing out the hydrofluorocarbons (HFCs) that are Chennai/Mumbai, August 29 the past, the algorithms were based closely the days between sales under the Reimagine HUL pro­ artificial neural networks, machine The country’s largest FMCG com­ on what you sold. Now, the al­ rounds. Earlier, the company gramme. One such digital tool is learning and artificial intelligence. used in our refrigerators. So, no HFCs pany, Hindustan Unilever Ltd gorithms are based on who are the would have longer runs because called Livewire that enables busi­ “We will have machine intelli­ anymore. Fine, but what do you replace (HUL), is reconfiguring its entire consumers living in the vicinity, that’s what brought in efficiency. ness heads to take real­time de­ gence complement human intelli­ them with? p8 supply chain to enable just­in­time what would be the living standard But longer runs would also mean cisions by slicing, dicing and ana­ gence increasingly. For a company, BANKING delivery of products by using new measure and what are the product Sanjiv Mehta that there will be store inventory. “If lysing multiple, disparate data which reaches nine out of 10 house­ digital technologies, including ma­ categories they’ve adopted. We you look at how you optimise your points. The other example is the holds in the country, we have got IBC sets itself on firm footing chine learning, artificial intelli­ would be able to customise the as­ to its entire supply chain, including supply chain, on one axis there Shikhar app where a retailer can thousands of SKU, millions of The Parliamentary gence and data analytics. This will sortment in each of the millions of factories and fulfilment centres to could be capacity; on the other, place an order even when a sales­ stores and the quantum of inform­ Standing Committee enable HUL to customise products stores,” Sanjiv Mehta, Chairman be able to do precision marketing, there could be inventory; and on man is not able to visit him or her. ation we have is massive. In the recently stirred up a available at millions of stores based and Managing Director, HUL, told depending on where the demand the third axis, there could be in­ “Pre­pandemic, it used to take us past, we used to say that the two hornet’s nest by on the customers in the vicinity. BusinessLine in an interview. is. “The value chain, which was lin­ formation. If you have information a lot of effort to convince retailers biggest assets we have are our suggesting a possible “We want to be the most intelli­ ear in nature – plan, source, make, closest to the consumer, then you to adopt the digital app. Post­pan­ people and our brands. Now, we cap on haircuts banks gent consumer goods enterprise. A Real-time information market and deliver – is now becom­ could optimise on the other two demic or after the beginning of the have added data to it.
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