PUNE, FRIDAY, DECEMBER 11, 2020 FOLLOW US ON TWITTER & FACEBOOK. APP AVAILABLE ON APP STORE & PLAYSTORE WWW.FINANCIALEXPRESS.COM VOL. XI NO. 269, 16 PAGES, `6.00PUBLISHEDFROM:AHMEDABAD,BENGALURU,CHANDIGARH, CHENNAI,HYDERABAD,KOCHI,KOLKATA,LUCKNOW,MUMBAI, NEWDELHI,PUNE READ TO LEAD Presented by We owe this success to you ! TiE Global Summit 2020 kicked off with stupendous success, unravelling new avenues, the world is keen to explore. 45,000+ A Big Thank you ! participants, entrepreneurs, investors, mentors and leaders from across the globe come together to create & sustain a For making the World’s Largest Entrepreneurship Summit strong ecosystem for entrepreneurial success. A thunderous success ! This is where future possibilities unfold and future is scripted. SRI VENKAIAH NAIDU Honorable Vice President of India Former Chairman BILL GATES NASSCOM Co-founder, Microsoft Honoured with Lifetime Achievement Award TiE Global Summit 2020 JANMEJAYA Its an honour to receive this prestigious award from TiE SINHA SelectUSA,U.S. Chairman, Boston Department of Commerce Consulting Group India DR. OLA BROWN Founder of the Flying Doctors Healthcare Investment Group As a First Generation Entrepreneur Mr. Bill Gates has created a remarkable impact not Mr. Bill Gates is a Visionary Entrepreneur who has overcome various challenges and only on the global economy but also has become an inspiration to many entrepreneurs failures to create a new world, and he has leveraged success to tackle health and through generations, and the fact that he continues to give back to society. What he poverty issues worldwide which are overlooked by society.He democratized the entire has achieved is commendable. My Heartiest Congratulations to Mr. Bill Gates on being TiE Global Chair TGS Chair IT and Computer Technology ecosystem. He is a living legend and a role model for awarded the Lifetime Achievement Award. every entrepreneur. My Personal and Hearty Congratulations to Mr. Bill Gates on being awarded the Lifetime Achievement Award. Chairman Indian Blockchain Standards Committee Pune FRIDAY, DECEMBER 11, 2020 WWW.FINANCIALEXPRESS.COM 2 FINANCIAL EXPRESS Amrutanjan Health Care Limited CIN: L24231TN1936PLC000017 Regd. Office: No103 (Old No.42-45), Luz Church Road, Mylapore, Chennai 600 004 Tel : 044-2499 4465 Fax 044-2499 4585 Website : www.amrutanjan.com COMPANY NOTICE Notice is hereby given that the following Share Certificate bearing distinctive numbers given below standing registered in the favour of Mr. PRAKASHCHANDRA PRABHU Hunder Folio no:P0000255 has been reported lost/misplaced. Share Certificate No(s) No of shares Distinctive Numbers 968 1340 866725-868064 Duplicate of the said Share Certificate(s) will be issued, if no objection is lodged with the Registered Office of the Company within fifteen days from the date of publication. For AMRUTANJAN HEALTH CARE LIMITED Sd/- Place: Chennai (M. Srinivasan) Date: 10/12/2020 Company Secretary & Compliance Officer ''IMPORTANT'' Whilst care is taken prior to acceptance of advertising copy,it is notpossibletoverify its contents. The Indian Express (P) Limited cannot be held responsible for such contents, nor for any loss or damage incurred as a result of transactions with companies, associations or individuals advertising in its newspapers or Publications. We therefore recommend that readers make necessary inquiries before sending any monies or entering into any agreements with advertisers or otherwise acting on an advertisement in any manner whatsoever. K SUGAR C AND P IND COR NOTICE Pune OPINION, P8 COMPANIES, P6 INTERNATIONAL, P10 EDITORIAL BY 2027 TEST LAUNCH 75% of districts extreme DRDO's quantum Walmart to increase SpaceX's Starship communication success climate hotspots; local quite significant, now exports from India prototype explodes climate planning needed focus on NM-QTA to $10 bn each year on landing PUNE, FRIDAY, DECEMBER 11, 2020 FOLLOW US ON TWITTER & FACEBOOK. APP AVAILABLE ON APP STORE & PLAYSTORE WWW.FINANCIALEXPRESS.COM VOL. XI NO. 269, 16 PAGES, `6.00PUBLISHEDFROM:AHMEDABAD,BENGALURU,CHANDIGAR H,CHENNAI,HYDERABAD,KOCHI,KOLKATA,LUCKNOW,MUM BAI,NEWDELHI,PUNE READ TO LEAD SENSEX: 45,959.88 ▼ 143.62 NIFTY: 13,478.30 ▼ 50.80 NIKKEI 225: 26,756.24 ▼ 61.70 HANG SENG: 26,410.59 ▼ 92.25 `/$: 73.67 ▼ 0.10 `/€: 89.17 ▲ 0.03 BRENT: $49.52 ▲ $0.66 GOLD: `49,049 ▼ `456 IN THE NEWS FARMERS’ PROTESTS ● COVID-19 CAPITAL NEEDS CCI raids offices Ready to PSBs told to tap mkts aggressively of LafargeHolcim, Delhi blockade soon; vaccinate 1 m other cement firms Massive infusion daily:Apollo More infusion likely Barring THE COMPETITION Commi- (` cr) 106,000 SBI, BoB & ssion of India (CCI) on Wed- APOLLOHOSPITALS,thecoun- in March after 88,139 Canara, govt holds nesday conducted raids at can still talk,says govt try’s largest hospital chain,says evaluating Q3 results over 80% in all 70,000 the offices of some cement it’sreadytoadministeronemil- other PSBs due companies, including The unions added that they lioncoronavirusvaccinedosesa Will block railway to regular LafargeHolcim, reports PTI. would block the Jaipur-Delhi day,butthegovernmenthasnot BANIKINKAR PATTANAYAK infusion According to some reports, tracks if need be, andtheDelhi-Agraexpressways made clearhowvaccineswill be New Delhi, December 10 25,000 25,000 the CCI also conducted “onorbeforeDecember12,”and distributedandwhetherprivate 20,000 raids at offices ofAditya will announce date all the roads entering into the healthcare networks will be THE GOVERNMENT HAS *Outlay via Birla group’s UltraTech supplementary national capital,one-by-one,if involved, reports Bloomberg. impressed upon public-sector FY16 FY17 FY18 FY19 FY20 FY21* demand Cement, and Shree Cement. FE BUREAU theirdemandsareunmet. Apollo has so fartrained 6,000 banks (PSBs) to raise capital New Delhi, December 10 Farmer leader Shiv Kumar staff to give out jabs across its from the markets more IRCTC OFS: Issue “No law is completely Kakkatoldmediaherethatthere network of 71 hospitals, hun- aggressively,takingadvantage At the same time,it is plan- assessing their financial per- subscribed two DECLARING THAT THEY are bad. We are still ready to wasnothingnewinthegovern- dredsofclinicsandthousandsof of abundant liquidity, and ning to finalise by late Febru- formance in the third quarter steadfastly on the warpath, discuss any specific ment’s proposals sent to them pharmacies, according to MD ensureasustainedcreditpush aryorearlyMarchthedistribu- aswell as success in fund-rais- times on Day 1 farmerunionsonThursday cat- clauses in the laws on on Wednesday, and that these SuneetaReddy. to help spur economic activi- tion of the `20,000-crore ing,sources told FE. egorically rejected the govern- was“completelyrejected”bythe ties, as lockdown curbs are capital, approved in Septem- THE OFFER-for-sale for the ment proposals to amend the which farmers have ‘Sanyukta Kisan Committee'’. Full report on Page 6 all but lifted. ber, among various PSBs after Continued on Page 4 Indian Railway Catering and three contentious agriculture- objections.” JangvirSingh,leaderof another Tourism Corp (IRCTC) got a marketinglawstheywantabro- union,however,saidtheunions good response from non- gated. Even after agriculture “There is no relation might consider if the govern- retail investors as the issue ministerNarendraSinghTomar between MSP and these mentsentanotherproposal. was subscribed nearly two said the door for discussions laws. The laws are not All the 40-odd farmers times on the first day,reports “arestillopen”andthatfurther going to impact the unionswhohavecometogether PTI. Retail investors will get changes in the laws could be current MSP under the Samyukta Kisan chance to bid for IRCTC OFS made,farmer leaders said they Morcha would discuss their on Friday,the last day for the would intensify their agitation procurement system”. strategyfurtheronSaturday. issue, DIPAM secretary —NARENDRA SINGH TOMAR against the laws with a nation- AGRICULTURE MINISTER Tuhin Kanta Pandey said. wideprotestonDecember14. Continued on Page 4 SUPREME COURT OPPORTUNITY Tatas nix Mistry plan Fintechs lending to to resolve dispute high-risk segments SHRITAMA BOSE FE BUREAU relief cannot be granted. I am Mumbai, December 10 New Delhi, December 10 opposingit,”TataSonscounsel Harish Salve told a Bench led ARMED WITH CAPITALa TATA SONS ON Thursday by the Chief Justice. Salve clutch of fintechs is moving in rejected the non-cash settle- added that if this proposal is to finance the self-employed ment offer extended by the accepted,it would leave Tata and freelancers at a timewhen ■Fintechs moving in to finance ShapoorjiPallonji(SP) groupin Sons with the problem of banks and other lenders are self-employed, small business lieu of its 18.4% stake in the minorityshareholdinginallits clamping down on unsecured owners and freelancers holdingfirm. group firms instead of the loans.The risks are high given ■Banks and large NBFCs have The SPGroup had offered a holding firm where this prob- howevenbeforethepandemic frozen unsecured lending; pro-rata division of all the lem exists today. the share of loans in the 90 some have raised income caps assetsofTataSonsaspartofthe The CJI queried if the pro- days-past-due (dpd) category ■Fintechs lending to settlement and had valued its posal is“tenable”at this stage. waselevated. businesses are tracking end stakeat`1.75lakhcrore. AstudybyEquifaxandSmall use by embedding themselves “It’s nonsense.This kind of Continued on Page 4 Industries Development Bank in the supply chain of India (Sidbi) put the ratio of ■Delinquencies