OPINION, P2 MIND & GAMES FE LINES Reformswithout GADGETS WERE ON THE WAYOUT. High-tech fashion THEN 2020 HAPPENED Blurring the lines between physical growth A brutally unexpected year turned millions of people into & virtual worlds, fashion has gone ACROSSTHEAISLE , P CHIDAMBARAM gear nerds, whether they liked it or not Page 10 beyond storytelling today Page 6 VOL. X, NO. 88 Follow us onTwitter & Facebook.App available onApp Store & Play Store WWW.FINANCIALEXPRESS.COM LEISURE FANTASY GULLY The world of fantasy sports has seen a major boom in the country amid PUNE SUNDAY, OCTOBER 18, 2020, 16 Pages, `10 FINANCIAL EXPRESS ON SUNDAY READ TO LEAD the pandemic Page 5 PUBLISHEDFROM:AH MEDABAD,BENGALUR U,CHANDIGARH,CH ENNAI,HYDERABAD, KOCHI,KOLKATA,L UCKNOW,MUMBAI,N EWDELHI,PUNE DISCONNECT PROVISIONS UP 37% BUYER PREFERENCE WHAT'S INSIDE HDFC Bank Spectrum dividing Q2 net rises Latest wheels set 18.4% y-o-y sales in motion telcos, tech firms FE BUREAU ● BUMPER SALES Mumbai, October 17 New car models, Sept 2019 Sept 2020 (units) « Growth (%) What are Why should they ● HDFC BANK ON extra features Dispute E &VBands not be auctioned Saturday Maruti Suzuki Ignis reported an 18.4% year-on- driving demand 1,266 « brewing over ■ They are used as ■ Because of low year (y-o-y) growth in net 3,318 162 backhaul to connect propagation profit for the quarter ended access to bands Hyundai Creta mobile where fibre is characteristic, « Septemberto`7,513croreon VIKRAM CHAUDHARY 6,641 allowing not available have low value the back of a 16.77% y-o-y New Delhi, October 17 12,325 86 ■ ■ rise in net interest income ■ SPOTLIGHT, P7 Have low They are Maruti Suzuki S-Cross high-speed (NII) to `15,776 crore, with APARTFROMPENT-UPdemand, « propagation provided for very 1,040 non-interest income growing sales of passengervehicles have connectivity characteristic short link 2,098 102 Newrules of hospitality 9%y-o-y. been rising for the past two ■ Used for broadband ■ Managing Tata Harrier However,the bank’s provi- months on the back of new « As hotels reopen across the country, we services, not for direct assignment is a 941 FE BUREAU sions rose 37% y-o-y to launches aswell,like a Hyundai 1,755 87 check out how things have changed in a New Delhi, October 17 mobile connectivity Herculean task `3,703.5 crore. Creta(newvariant)andKiaSon- sector that relies heavily on a In a statement, HDFC net.Forinstance,intheJuly-Sep- Source: PGA Labs What’s the best A MAJOR FIGHT is brewing Bank said total provisions for tember 2020 quarter,the new personalised experience and how the way forward ■ De-licence them industry is adapting to offer the same between telecom operators the current quarter includes Cretasold35,632units,agrowth saw a lot of new car launches, Bharti Airtel, Vodafone Idea ■ Have light touch ■ Trai has also contingent provisions of of85.3%over19,227(according and“substantialsalesarecom- services, but without a ‘personal touch’ and Reliance Jio on one side regulation by charging suggested against approximately `2,300 crore to databyPGALabs,themarket ing from models such as new and technology players token amount auctioning forproformanon-performing research arm of Praxis Global Creta, Sonet, new Maruti Google,Microsoft,Apple,Face- assets (NPA),as well as addi- Alliance).Analystssaythenovelty SuzukiS-CrossandTataAltroz”. ■WORDS WORTH, P4 book, etc, on the other, over a tional contingent provisions factoris a majorfactorto drive Even a relativelylowersell- spectrum band that has the spectruminthebandconcerned that auctioning of spectrum in to make the balance sheet peopletoshowrooms. ingcar,theS-Cross,wasableto potential to provide high- should be auctioned, as not these bands would go against more resilient. Sanjeev Garg, practice get onto the noveltywave. Aworking speed broadband services, doingsowouldleadtolossofrev- internationalbestpractices. leader, automotive, Praxis especially in remote areas and enuetothegovernmentbecause The spectrum concerned is Continued on Page 3 Global Alliance, says this year Continued on Page 3 hypothesis forbetterin-buildingcoverage. ofthesebandshavingaveryhigh theEandVbands,whichareused Daniel Susskind’s Theissuethathasdividedthe commercialvalue proposition. as backhaul to connect mobile vision of the twosidesiswhetherspectrumin Opposing theirstand,the tech- wherefibreisnotavailable. the band concerned should be nology players through their Sourcesinthedepartmentof DCGI nod to DRL’s human trials for Sputnik V future is delicensedorshouldbeallocated association Broadband India telecommunications(DoT)have Hyderabad:DrReddy’sLabora- vaccine in India.The city-based significant development that something to through auctions,as is the case Forum (BIF) have contested thus far maintained that auc- toriesandRussianDirectInvest- drugmakersaidinapressrelease allows us to commence the deliberate about foraccessservicesspectrum. COAI’s stand,and written that tionisruledout,butsoisadmin- ment Fund on Saturday that this will be a multi-center clinicaltrialinIndiaandweare Thetelecomoperators,under the spectrum should be deli- istrative assignment, which announced that they have and randomised controlled committed to bringing in a theaegisoftheirassociation,Cel- censedandnotauctioned,asitis means allocating spectrum on receivedapprovalfromtheDrug study,whichwill include safety safe and efficaciousvaccine to lular Operators’Association of not the same as spectrum for first-cum-first-servedbasis. ControlGeneralofIndiatocon- andimmunogenicitystudy. combat the pandemic.” India (COAI),havewritten a let- accessservices.Questioningthe duct an adaptive phase 2/3 GV Prasad, co-chairman ODD & EVEN ROHNIT PHORE ter to the government that the COAI’sstand,BIFhaspointedout Continued on Page 3 human clinical trial forSputnik and MD,DRL,said,“This is a Continued on Page 3 QuickPicks New Zealand’s Ardern wins 2nd term in landslide election ALVIDA KHANSI NEW ZEALAND PRIME Minister Jacinda Ardern won a second term in office on Saturday in an election landslide of historic proportions, reports Associated Press. With most votes HERBAL COUGH SYRUP counted, Ardern's liberal Labour Party was winning 49% of the vote compared to 27% for its main challenger, the conservative National Party. /TorexHerbalCoughSyrup JETAIRWAYS SORE THROAT COLD COUGH /torexherbcoughsyrup /TorexCoughSyrup Kalrock-Jalan /TorexHerbalCoughSyrup resolution TULSI plan gets nod Tulsi helps suppress cough and ANKUR MISHRA aids the mobilization of mucus. Mumbai, October 17 LENDERS TO JET Airways have PIPPALI approved the resolution plan submittedbyaconsortiumled Pippali provides relief from cough by Kalrock Capital and entre- and congestion. preneurMurariLalJalan.FEhas learned that Kalrock Consor- tiumhadoffered`860croreto VASA all lenders,including financial andoperationalcreditors. Vasa improves voice quality and BACK ON TRACK The airline had admitted relives cough. A monorail from Chembur to Jacob Circle on a trial run a day before resumption of claimsworth`15,525crore,of services in Mumbai PTI which admitted claims of financial creditors stood at KULANJAN `7,460crore.Theotherbidder was a consortium comprising Kulanjan is effective herb for Haryana-based Flight Simula- pearing cough and throat itching. tion Technique Centre, Mum- bai-based Big CharterandAbu Value for money order of day Dhabi’s Imperial Capital YASHTIMADHU Investments. The resolution (%, y-o-y) E-commerce trends in Q3 growth professional (RP) for Jet Air- Yashtimadhu treats cough, hoarse ● decline E-tailers from ways Ashish Chhawchharia increase 31 volume in average 90 voice, chest congestion & sore throat. 24 5 tier III and will now move National Com- betting on small in GMV growth order value Alcohol Free beyond pany Law Tribunal (NCLT) for towns to drive Various segments in Q3 its approval. (Order volume growth, %) “TheofferbyKalrockconsor- festive sales Fashion & accessories tium was very close to liquida- 30 tionvalue.But,we hadvoted to Personal care keep the company as a going DEVIKA SINGH concern, ” a senior executive 100 New Delhi, October 17 involved in the matter told FE. Health and pharma The resolution plan submitted Source: Unicommerce DESPITE THE COVID-19 pan- 75 by Kalrock consortium was demic and muted consumer slightlybetterthantheotherbid- sentimentondiscretionarypur- ber 21, while Amazon’s Great almost half of the 45-50 mil- derintermsofvalue,headded. chases this year,retail analysts IndianFestival,whichstartedon lion online shoppers this year Jet Airways had earlier are hopeful of festive sales October 17, will go on for a will come from smaller towns attracted 12 expressions of bringing the cheer back into month. Other players like this season. interest (EoIs) from bidders, shopping, particularly online. Snapdeal and Myntra, too, OnthefirstdayofFlipkart’s whichwere narrowed down to The first leg of festive sales on launched theirfirst sales events Big Billion Days sale on Friday, twoprospectivesuitors.Oneof online marketplaces, which oftheseasononOctober16. nearly 50% of the new cus- the two bidders had sought kicked in on October 16, is Amidst the pandemic, e- tomerscamefromtier-IIIcities more time to revise the bid expectedtorakein$4billionin tailers this year have sharp- andbeyond.Amongcategories, upwards, and lenders had WITH BENEFITS OF TULSI & HONEY grossmerchandisevalue(GMV), ened their focus on the‘value’ thehomesegmentregistereda agreed to give more time for asperRedSeerConsulting. play, as they expect first-time 53% increase in new cus- both consortiums to submit Distributor contact : Mumbai -