sub: submission of newspaper advertisements for 42nd ...€¦ · paytm mall, to discuss the scope...
TRANSCRIPT
August 20, 2020 BSE Limited P. J. Towers Dalal Street, Fort Mumbai - 400 001
National Stock Exchange of India Limited Exchange Plaza Bandra Kurla Complex, Bandra (E) Mumbai - 400 051
Dear Sirs, Sub: Submission of Newspaper advertisements for 42nd Annual General Meeting and e-voting information In continuation of our letter dated August 19, 2020, we enclose copies of the advertisements published on August 20, 2020, in Mint (English) and Hindustan (Hindi), with respect to: - completion of dispatch of Notice of 42nd Annual General Meeting and Annual Report for
FY 2019-20; and
- e-Voting information relating to the AGM. This is for your information and records. Thanking you, Yours faithfully, For Jubilant Life Sciences Limited Rajiv Shah Company Secretary Encl.: as above
NEWS THURSDAY, 20 AUGUST 2020NEW DELHI 07
‘Covid could help India become an innovator’
We need to leverage our strengths in science and tech, says Biocon chief
Germany says
covid
vaccinations
may start
early next
year
bit.ly/3g7oqmp
“From a brand point, the market con-tinues to be fragmented in nature of thesupply base and marketplaces will not beable to enter and organize the GI sellermarket. The government will have toput in effort on the ground through self-help groups to train these artisans andindividuals,” said an e-commerce execu-tive, seeking anonymity.
A GI tag is essentially used on prod-ucts that correspond to a specific geo-graphical location or origin, including acertain town or region, such as Darjeel-ing tea, Coorg Arabica coffee, and Kash-miri saffron, which are largely soldthrough offline retail.
By listing GI products, the govern-ment is pushing the mandate for localbusinesses, as it looks to increase focustowards indigenous goods, said anothere-commerce executive. DPIIT and con-sumer affairs ministry has mandatede-commerce firms to ensure that sellersmention the ‘country of origin’ for newand existing listings, a move that is turn-ing out to be a nightmare for online com-merce firms.
Tarush Bhalla
BENGALURU
The department for promotion ofindustry and internal trade(DPIIT) on Wednesday met
e-commerce majors, including Flipkart,Amazon, Snapdeal, Pepperfry andPaytm Mall, to discuss the scope of list-ing geographical indication (GI) prod-ucts on their platforms.
The government said it is contemplat-ing a proposal to make GI tagging andlogo mandatory for such products, andsought the advice of the e-commercefirms to create a separate category ontheir respective platforms.
Representatives of retail chainmajors, including Vishal Mega MartPvt.Ltd, were also present at the meet-ing, along with state department repre-sentatives of Kerala and Odisha, amongothers.
“The meeting was a collaborativethought on how e-commerce compa-nies can list these products and under-take promotions to push sales of these GIproducts… It was also discussed that themanufacturers of these products shouldundertake putting the GI logo, like it isdone for ‘Make In India’ products, toensure that resellers know that it is a GIproduct,” said a person who was presentat the meeting. However, a detailedtimeline has not been set for releasingthe guidelines for the initiative, the per-son said.
Participants highlighted the role ofthe government in cataloguing, stan-dardizing and scaling of GI products.They also said that linkages need to becreated with suppliers and manufactur-ers.
Govt consults e-com firms to promote GI products
Prathma Sharma
NEW DELHI
Advocate PrashantBhushan has filed anapplication before the
Supreme Court to defer thehearing on the quantum ofsentence in the suo moto con-tempt case, which has beenlisted for 20 August after thetop court on 14 August heldhim guilty of contempt ofcourt for two tweets criticizingthe judiciary.
Bhushan has said in hisapplication that he intends tofile a review against the orderof 14 August after studying it indetail and seeking appropriatelegal counsel as the ramifica-tion of the order is of graveconstitutional significance, inparticular on the right to freespeech.
“It is respectfully submittedthat the deferment of the saidhearing, as prayed in thepresent application, would bein the interests of justice inview of the underlying publicpolicy with respect to safe-guarding liberty of a citizenunder Article 21 till such timeas his first appeal (in this casethe review application) is con-sidered,” the application said.
Bhushan also submitted, “Incriminal contempt proceed-ings, this Hon’ble Court func-tions like a trial court and isalso the last court. Section 19(1)gives a statutory right ofappeal to a person found guiltyof contempt by the HighCourt. The fact that there is noappeal against an order of thisHon’ble Court makes it doublynecessary that it takes theutmost precaution to ensurethat justice is not only donebut seen to be done.”
Bhushan seeks deferment of contempt case hearing in SC
The government has sought the advice
of e-com firms to create a separate
category on their respective platforms.
In a podcast with US think tank Milken Institute, Kiran Mazumdar-Shaw said the pandemic
presents an opportunity for India to be part of the global innovation value chain. MINT
Sharan Poovanna
BENGALURU
Kiran Mazumdar-Shaw, chairper-son and managing director ofBengaluru-based Biocon Ltd,said covid-19 presents India withan opportunity to leverage its
talent pool and become a part of the globalinnovation value chain, instead of justbeing a service provider.
In a podcast with Michael (Mike) Milkenof the Milken Institute, a US-based thinktank on philanthropy, Shaw said the pan-demic could help India become the “inno-vator and not just the maker”, consideringits strengths in information technology,analytics and data science. The large num-ber of engineering and medical graduatesmust innovate and not just offer services orcontract manufacturing, she added.
“We’ve got to start creating value. Andwe’ve got to start leveraging our science,our technology, and really move up theinnovation part.” The Biocon chief, whotested positive for covid-19, said the pan-demic also brought the spotlight on Indiaand how it should look at the future, espe-cially in terms of its presence in the phar-maceutical sector, which accounts for just3% of the global market,despite being the biggest pro-ducer of generic medicines.
India is home to zoonoticviruses such as SARS andH1N1, but has done little to ini-tiate research, but now thatthe pandemic led to all sorts ofhardships, a sense of purposeshould drive research to make affordablemedication for global use, she added. “It’sabout a billion patients, not just a billiondollars. The billions will come later, but it’sabout serving those billion patients first,which to me is my sense of purpose. That’s
why I’m very committed to compassionatecapitalism.”
Shaw also spoke about the pandemic andthe post-lockdown spike in covid-19 cases,making India one of the worst affected
countries with a caseload of over 2.8 mil-lion, and over 53,000 fatalities. She said thespread of the infection was successfullycontained during the lockdown, especiallyin places like Bengaluru.
“But the moment the unlocking hap-
pened, I think people were under theimpression that the virus has been chasedaway and we can now go back to normallife. And that was a big mistake,” she said.
She said metros such as Bengaluru,Chennai, Mumbai and Delhi,which were the worst affected,are expected to peak by theend of November. Accordingto Shaw, better access to treat-ment was possible becausepatients with mild symptomsremained in home care to freeup hospitals, which also
helped to keep mortality rates under check.The recent sero-surveillance had indicatedthat people living in Mumbai slums andother parts of the country which have con-gested spaces seem to have developed herdimmunity, Shaw added.
KIRANSPEAK
THE large number of engineering and medical graduates must innovate, not just offer services
COVID has brought spotlight on India andhow it should look at the future, especially in the pharma sector
THE moment Unlock happened, people thought virus has been chased away. That was a big mistake
Revenue in FY20 fell 11.7% to
₹3.5 trillion rupees, said Acma
on Wednesday. BLOOMBERG
said Deepak Jain, president,Acma.
Jain said the auto partsindustry is seeing businessreturning to pre-covid levelsin segments such as two-wheelers and tractors butmuted demand for commer-cial vehicles continues to be anarea of concern.
“The auto componentindustry faced acute challen-ges on the front of working
capital, produc-tion and dysfunc-tional logistics.The industry’sperformance ise x p e c t e d t oreturn to pre-covid levels bythe festive sea-son,” Jain said.He, however,
warned that intermittent lock-downs in states where facto-ries are located and a shortageof skilled labour remainthreats to production ramp-upplans.
Jain said Acma has recom-mended the government toaccord “continuous produc-tion industry” status to theautomotive industry to allowregular operations despitelocal lockdowns.
The industry body said alsothat total imports of auto partsfell to $15.4 billion in FY20,from $17.7 billion in the previ-ous year. China was the biggestexporter of auto parts to Indiawith a 26% share, followed bySouth Korea at 14%.
Amit Panday
MUMBAI
India’s auto parts industryrecorded a drop in revenueafter five years, hit by a pro-
longed slowdown in thedomestic market and theglobal impact of the coronavi-rus pandemic.
Revenue in the fiscal yearended 31 March fell 11.7% to₹3.5 trillion rupees ($49.2 bil-lion), the Automotive Compo-nent Manufacturers Associa-tion of India (Acma) said onWednesday.
“The auto parts industryhad last seen a marginal dropof 2% YoY in FY13-14. Postthat, it has been growing onthe back of growing demandfor vehicles, exports and in theaftermarket,” Vinnie Mehta,director general, Acma said ina phone interview.
He said sale of parts to auto-makers, exports and aftermar-ket sales contributed 60%, 25%and 15%, respec-tively to the autoc o m p o n e n tindustry’s annualturnover.
A decline of18% in domesticvehicle sales inFY20 led to partssuppliers record-ing a fall of about17% in total sales to automobilecompanies during the year at$40.5 billion.
Meanwhile, parts exportsdeclined to $14.5 billion inFY20, from $15.2 billion inFY19. The automotive after-market recorded a turnover of$9.8 billion, marginally lowerfrom $10.1 billion in FY19.
“Subdued vehicle demand,investments made for transi-tion from BS-IV to BS-VI,liquidity crunch, lack of a clar-ity on policy for electrificationof vehicles and slowdown inkey export markets, amongothers, had an adverse impacton the performance of thecomponents sector in India asalso on its expansion plans,”
Auto parts industry registers record drop in revenue in FY20
The sector is seeing business
returning to pre-covid levels in segments such as two-wheelers and
tractors
Shreya Nandi
NEW DELHI
The National PaymentsCorp. of India (NPCI) onWednesday launched
NPCI International PaymentsLtd (NIPL) to extend the servi-ces offered by Unified Pay-ments Interface (UPI) and cardpayment network RuPay inother countries.
“NIPL is tasked with theresponsibility of exportingNPCI’s indigenously devel-oped offerings and technolog-ical acumen to foreign mar-kets, thereby revolutionizingthe global payments land-scape. The primary focus ofNIPL would be internationali-zation of RuPay and UPI, alongwith a few more offerings ofNPCI,” according to an officialstatement.
UPI and RuPay already havea presence in Singapore andthe UAE. The growing popu-larity of UPI can be attributedto its simple, safe, cost-effec-tive, and mobile-based pay-ment system. UPI paymentsgrew 9% sequentially, clocking1.49 billion transactions inJuly, to hit yet another highsince its launch four years ago.
“NPCI has achieved the pin-nacle of success at developingan exemplary robust paymentssystem that is cost-effective,secure, convenient and instan-taneous. Several nations havedisplayed an inclination forestablishing a ‘real time pay-ment system’ or ‘domesticcard scheme’ inspired by theexemplary innovations byNPCI in the country,” accord-ing to the statement.
“We are glad to launch oursubsidiary, NIPL, to take ourunique payment system toglobal markets. It is also a mat-ter of pride for NPCI that sev-eral countries in Asia, Africaand the Middle East have dis-played interest towards repli-cating our model in their ownnations,” said Dilip Asbe, man-aging director and chief exec-utive, NPCI.
NPCI launches international unit to expand reach of UPI
New Delhiinvites applications for the post of
Director (Business Development & Marketing)For detailed advertisement &submission of online application,
please visit Careers section of our website:-www.petronetlng.com
from20th Aug. 2020, 09:00hrs.
to9th Sept. 2020, 23:59 hrs
Addendum(s)/Corrigendum(s), if any, shall be notifiedin above website only.
Business of Life
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of our website:www.petronetlng.com
from20th Aug. 2020, 09:00 hrs.
to9th Sept. 2020, 23:59 hrs.
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