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COFORGE LIMITED — AGM Information 2020
Jun 24, 2020
61761_rns_2020-06-24_df4529a3-34d7-4c51-b600-3a92698abb98.pdf
AGM Information
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June 24, 2020
The Secretary BSE Limited Corporate Relationship Department 1[st] Floor, New Trading Ring, Rotunda Building Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001
The Secretary
National Stock Exchange of India Ltd.
Exchange Plaza 5[th] Floor, Plot no C/1, G Block Bandra Kurla Complex Bandra (East) Mumbai 400051.
Subject: Newspaper publication
Dear Sir,
We wish to inform you that pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, today the Company has published the requisite intimation of ensuing Annual General Meeting in the following newspapers:
a) Business Standard (English) b) Business Standard (Hindi)
Copy of newspaper clippings are attached.
Kindly take the same on your record.
Thanking you,
Yours truly,
For NIIT Technologies Limited
Lalit Kumar Sharma Company Secretary & Legal Counsel
Encl as above
NIIT Technologies Ltd.
Special Economic Zone, Plot No TZ-2& 2A, Sector Tech Zone, Greater Noida (UP)-201308, India. Tel: +91 120 4592 300, Fax: +91 120 4592 301 www.niittech.com Registered office: 8, Balaji Estate, Third Floor, Guru Ravi Das Marg, Kalkaji, New Delhi – 110019 CIN: L65993DL1992PLC048753
NIIT Technologies Limited
NEW DELHI | WEDNESDAY, 24 JUNE 2020
technologies [CIN : L65993DL1992PLC048753] Regd. Office : 8, Balaji Estate, Third Floor, Guru Ravi Das Marg, Kalkaji, New Delhi - 110019.
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BRAND WORLD 13
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Hospitals reworkthe Covid-19 narrative
STRAIGHTENING THE PITCH
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Private hospital chains look to protect the brand as the pandemic takes its toll on trust and business
� To counter charges of inflated pricing, hospitals have setup homequarantine packages that come with a detailed breakup ofthe fee structure
SOHINI DAS
Mumbai, 23 June
he Coronavirus has pinned all of the coun� Through online T try’s healthcare system consultation platforms, on the ropes, but its impact on helplines to deal with private hospital chains has anxietyand depression and been particularly bruising. other outreach services, Caught in a storm of regulations hospitals are looking to build on the one hand and shrinking stronger connections with business on the other, as patient the community footfalls decline and routine � Special training on use of consultations come to a halt, PPEs and personal hygiene the hospitals also face charges are being offered as a markof of inflated pricing and callous solidaritywith frontline care. Trust is running low and workers outside the the big chains, Max, Apollo, Fortis and others are keen to healthcare system retune the pitch with new services, online consultations and ductive, if it ends up shutting Building.com believes that this package, launched about ten an aggressive social media the facility down altogether. is an opportunity that could days back, already has over engagement policy. Few outside the hospital give hospitals a much needed 100 patients. The chains are hoping to system see his point though. shot in the arm and should Hospitals have also shore up business and trust. Given the scale of the pandemhave been done earlier. “Social launched an aggressive social Hence apart from the numeric, the fear of going to a hospital media is full of negative pubmedia campaign around the ous packages around the panis high as is the outrage over licity around Covid-19 wards, service as well as their role in demic, such as a wide range of their pricing methods. How sanitation conditions of public the community. Jasrita Dhir, home-care-and-quarantine must hospitals assuage such sector isolation centres and so head of brand, marketing and schemes, the hospitals are fears and restore trust? on. With reputed brands getcorporate social responsibility, also running awareness camThenewly launched home ting into it, patients will opt for Fortis Healthcare said that paigns, about the virus, quarantine packages are aimed their services,” he said. Fortis launched its ‘Living about their adherence to proat addressing these issues. One, The Apollo Group has with Covid’ campaign on May tocols and their online conit takes the hospital into the clubbed all its Covid-19 facili26. The campaign talked sultation platforms. houses of people and in some ties under the umbrella of about safe commuting, the Hospitals need to build up cases, into community spaces Apollo Kavach. This helps conimpact on sleep, how to opertheir community connections that are doubling up as isolasolidate all the brand engageate an ATM, how to do grocery at a time when the relationship tion centres within residential ment initiatives and focuses shopping, how to reopen the is strained, experts said. The complexes. And secondly, the customer attention too. “We doctor clinics, advise for pregpandemic is severely testing the hospitals have used a transparpooled in our resources to nant women, for elderly, for patient-doctor and patient-hosent pricing mechanism to address all the needs and it is diabetics etc. “Conversations pital ties and this could turn out assure customers that there is convenient for the customer around the ‘new normal’ is to be detrimental for both in no subterfuge in the service. too,” Mahesh Joshi, CEO, what we were trying to build. the long run. HS Chhabra, medApollo Hospitals, Max Apollo Home Care said. This was done through mesical director of Indian Spinal Healthcare, HN Hospital The service has been saging platforms and social Injuries Center in Delhi points (Reliance Foundation) and extremely popular says Joshi media,” she said. out that hospitals are under Fortis Hospitals are among the and he adds that Apollo was Many hospitals are focuspressure but one can’t do withbig chains that have launched operating a home healthcare ing on community outreach, out them. “We need to considpackages for home care for vertical since 2015 and hence arranging for motivational calls er the fact that institutions need Covid-19 patients. The packcould make the transition for quarantined patients from to survive, and if they collapse, ages are similar and come with without a glitch. “Not a new those who have battled and surit defeats the whole purpose,” a break-down of the charges for thing for us,” he says. Apollo’s vived the virus, from leaders he added. The point he makes each service. home healthcare division typand well-known personalities is that the outrage over hospital Ambi Parameswaran, brand ically looks after 400 patients and so on. “This works better care costs may be counter-prostrategist and founder of Branda month and the Covid-19 than medicines,” Joshi said.
and the US, the plan is being worked out on ing. Next year’s cap process may look very > FROM PAGE 1 this route urgently, according to a person different,” Chothani added. aware of the development. According to Chothani, individuals who Facebookseeks... However, officials said only limited already have H1B and L visas and are curnumber of flights would be allowed to operrently in India may not be affected by the However, legal experts say the new FDI polate under the corridor. India is likely to allow travel ban. But it’s best to wait for further icy is ambiguous, particularly with regard to US airlines to operate to Delhi and Mumbai. clarity before making travel plans. Those treating indirect investment from the neighMeanwhile, US may allow Air India to with approved H1B and L1 petitions curbouring countries. operate normal flights to New York, San rently outside the US and do not have a “The new policy needs clarity on various Francisco and Chicago. visa stamp will not be able to enter the US matters, particularly the definition of benAccording to travel data firm OAG, the until after December 31. eficial ownership, because there is no such US-India non-stop traffic has grown by 8 The current annual cap for H1B visas is defined criterion in the Foreign Exchange per cent every year since 2016. 65,000, with 20,000 additional visas for Management Act. Several companies and While such corridors are being created foreign professionals who graduate with a industry bodies have approached the govby countries that have successfully curbed Master’s degree or doctorate from a US ernment, seeking clarity on the format of the growth of cases, officials indicated that institution of higher learning. reporting and disclosures to be made. India and the US would not wait for cases to Through Tuesday, industry leaders Due to there being no standard fall to zero before creating the corridor. “A spoke out against the temporary suspenapproach, buyers and sellers end up assesstravel bubble can also be between two counsion of certain visa holders’ entry into the ing themselve6s what constitutes adequate tries which have similar number of cases US. “Today’s proclamation is a severe and and appropriate disclosures, thereby relying and respond in the same way to the pansweeping attempt at restricting legal immion undertakings and contractual indemnidemic,” one of the officials said. In such a gration. Putting up a ‘not welcome’ sign ties to protect themselves from penalties if scenario, neither country needs to close the for engineers, executives, IT experts, docit is later found that proceeding with the border to protect citizens. tors, nurses, and other workers won’t help deal without approval had been an infringeSuch a plan has been in the works after our country, it will hold us back. Restrictive ment, said a legal expert. There are about the US accused India of “discriminatory changes to our nation’s immigration sys2,700 institutional investors invested in the practices” and violating fair trade practices tem will push investment and economic FB stock. Of those, a few are based in China during the Vande Bharat mission- the repaactivity abroad, slow growth, and reduce and Hong Kong. However, none of them triation exercise being carried out by Air job creation,” said US Chamber of exercises any control over the company. India. The US Department of Transport on Commerce Chief Executive Officer (CEO) The amendment in the policy was Monday said that from July 23, Air India Thomas J Donohue. aimed to protect domestic companies from would have to seek prior approval before The Indian IT industry body National hostile takeover by “opportunistic foreign operating flights to the US. Association of Software and Services firms” as the pandemic rages. Air India is operating a schedule which Companies (Nasscom) said the proclamais more than 50 per cent of the pre-Covid tion would impose new challenges and level, the department said. “The charters go possibly force more work to be performed Green corridor... beyond true repatriations, and it appears offshore since local talent was not availthat Air India may be using repatriation able. Since the largest chunk of non-stop traffic charters as a way of circumventing the flight “We urge the US Administration to on international routes is between India restrictions imposed by India,” it said. It shorten the duration of these restrictions to sought to restore a level-playing 90 days. Lengthening these burdensome field for American airlines under restrictions on US companies that are trythe US-India Air Transport ing to recover from the economic fallout of ~~>~~ ~~BS SUDOKU~~ # 3084 Agreement. the Covid-19 pandemic will only serve to Due to restrictions imposed harm our economy,” it said in a statement. by the Indian government, forAlphabet and Google CEO Sundar eign airlines were forced to operPichai also spoke out against the proclaate empty one way . mation in a tweet: "Immigration has conUS carriers like Delta and tributed immensely to America’s economUnited had also sought permisic success, making it a global leader in tech, sion to operate repatriation flights and also Google the company it is today. like Air India, but were not Disappointed by today’s proclamation - allowed by the Indian governwe’ll continue to stand with immigrants ment resulting in “competitive and work to expand opportunity for all." imbalance,” the US Department The proclamation will come into effect of Transport said. at 12:01 am ET on June 24. Experts said the green corri“Businesses across the US rely on temdor would be a sign of gradual porary visas to supplement their local hiropening up of international traving efforts and enable highly-skilled and el. “Travel bubbles are a step fortalented professionals from around the ward and will help towards world to enhance America’s competitiverestarting international travel. ness on the global stage,” said Chandrajit The important thing is to ensure Banerjee, director general of Confederation that the measures are aligned of Indian Industry (CII). SOLUTION TO #3083 Very hard: with international guidance so “They have also been supporting the ����� that the bubbles can be expanded US during the spread of the Covid-19 pan- Solution to include other countries and demic - retooling their American manu- tomorrow restore global connectivity by air,” facturing units to produce essentials, prosaid Amitabh Khosla, IATA viding pharmaceutical and health care ~~HOW TO PLAY~~ Country Director (India). assistance for drug discovery and clinical Fill in the grid so trials in the US, enabling distance educathat every row, tion through tech platforms for US every column H1B visa... schools, and various other initiatives, and every 3x3 demonstrating their commitment to the box contains “There is no clarity how conUS economic recovery and rebuilding the digits 1 to 9 sulates will handle visa processefforts,” added Banerjee.
Ph: 91 (11) 41029297, Fax: 91 (11) 26414900 Website: http://www.niit-tech.com; Email: [email protected]
NOTICE - 28th ANNUAL GENERAL MEETING
NOTICE is hereby given that the 28th Annual General Meeting (‘AGM’) of the Members of NIIT Technologies Limited (‘the Company’) will be held on Thursday, July 23, 2020 at 05:00 P.M. (IST) through Video Conference facility (‘VC’) /or Other Audio Visual Means (‘OVAM’) in compliance with the General Circular Nos. 14/2020, 17/2020 and 20/2020 dated April 08, 2020, April 13, 2020 and May 05, 2020 respectively, issued by the Ministry of Corporate Affairs (‘MCA Circular’) , Circular No. SEBI/HO/CFD/CMD1/ CIR/P/2020/79 dated May 12, 2020 issued by the Securities and Exchange Board of India (‘SEBI Circular’) and other applicable provisions of the Companies Act, 2013 and the rules made there under.
The Annual Report of the Company for the financial year 2019-20 along with Notice convening the AGM will be sent in due course only through email to all those Members whose email address is registered with the Company/Registrar and Share Transfer Agent (‘RTA’) /Depository Participants (‘DP’) , in accordance with the MCA Circulars and SEBI Circular. The aforesaid documents will also be made available at www.niit-tech.com, www.bseindia.com and www.nseindia.com. In accordance with these Circulars the members can join/participate in the AGM through VC/OVAM facility only and the procedure will be provided in the Notice. The cut-off date for sending Annual Report will be Friday, June 26, 2020.
The instruction for attending the meeting through VC/OVAM and the manner of participation in the remote e-voting or casting vote at the AGM through e-voting is provided in the Notice convening the AGM. The Notice also contains the instructions with regard to login credentials for shareholders, holding shares in physical form or in electronic form, who have not registered their email address either with the Company or their respective DP. Members participating through VC/OVAM facility shall be counted for the purpose of quorum u/s 103 of the Companies Act, 2013. The members holding shares in physical form are requested to consider converting their physical shares into dematerialized and eliminate all risks associated with the physical shares. Procedure for registration of email addresses and bank details:
Members holding shares in physical/demat form and who are yet to register/update their email IDs are requested to approach NSDL/CDSL (‘Depository Participant’) in case of dematerialized shares. In case shares are held in physical form, Members are requested to send their request letters to Alankit Assignments Limited, 205-208 Anarkali Complex, Jhandewalan Extension New Delhi -110055 (‘RTA’) signed by all the shareholders along with self- attested copies of PAN Card and address proof to register their email ids. Similarly, the Members may also reach out the above mentioned for updation of Bank account details with Request letter, ID Proof & a copy of cancelled cheque. In case of any query you may write to Investor Services at [email protected] or [email protected] For NIIT Technologies Limited Sd/- Dated : June 23, 2020 Lalit Kumar Sharma Place : New Delhi Company Secretary & Legal Counsel
TENDER CARE
Commercial Feature
Inauguration of Ahmednagar Regional Office of the Union bank of India
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Corporation and Andhra Bank merged with Union Bank of India on April 2, making the bank one of the top five banks in the country. The Ahmednagar Regional Office covers 79 branches in seven districts viz. Ahmednagar, Aurangabad, Jalna, Beed, Latur, Osmanabad and Solapur. Regional Manager Sunil Kumar, General Manager Dynaneshwar Salunke, Girish Deshpande, Vijay Kumar, Mushir Khan, Achyut Deshmukh, Dhondiram Gaikwad, Sudhakar Joshi and others were present on this occasion.
Er. Gopal Sharma taken charge of New Director Commercial in PSPCL
Er. Gopal Sharma has assumed the charge as New Director Commercial of Punjab State Power Corporation Limited here today. This was disclosed here in a press note issued by spokesman of PSPCL here. Punjab Government has appointed Er. Gopal Sharma for a term of 2 years. Er. Gopal Sharma born on September 19, 1962, a B.E. (Electrical) graduate from Punjab University, Chandigarh and did MBA from Punjabi University Patiala joined PSPCL erstwhile PSEB in 1985 as Assistant Engineer and rose to the level of Engineer-in-Chief and served PSPCL more than 35 years. He served on different important assignments as Engineer in chief Distribution North, Chief Engineer EA & Enforcement, SE Distribution Jalandhar and Senior Xen Enforcement, Hoshiarpur Er. Gopal Sharma has joined in place of Er.O.P.Garg.
Indian Bank Declared Its Financial Results for the Quarter/Year Ended March 31, 2019-20
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Total Income for Q4 FY 20 was Rs.6334 crore, up 14% over Q4 FY 19. For FY 20, the same was Rs.24717 crore with Y-o-Y growth of 17% over FY 19. Net Interest Income for Q4 FY 20 at Rs.2003 crore rose by 14% over Q4 FY 19. For the full year FY 20 , it was Rs.7606 crore with growth of 8% over FY 19. Other Income for Q4 FY 20 was Rs.842 crore with an Y-o-Y increase of 48% over Q4 FY 19. For FY 20, it grew by 76% to touch Rs.3312 crore. Operating Profit registered a robust growth of 37% over Q4 FY 19, touching Rs.1703 crore for Q4 FY20. For FY 20, it was Rs.6498 crore with Y-o-Y growth of 33%. Net Profit for FY 20 was at Rs.753 crore with a Y-o-Y growth of 134% over FY 19. Net Interest Margin (NIM) (Domestic) was at 2.96% for Q4 FY 20 and for FY 20, it was 2.92%. Cost-to-Income ratio declined to 40.12% for Q4 FY 20 from 46.62% in Q4 FY 19. For FY 20, it was 40.49% compared to 45.17% for FY 19. Provisions and Contingencies for Q4 FY20 was Rs. 1921 crore (Rs. 1435 crore in Q4 FY 19). For FY 20, the same was Rs.5745 crore as against Rs.4559 crore in FY 19. Return on Average Assets (RoA) for FY 20 was 0.26% and Return on Equity (RoE) was 4.19%.
UCO Bank signs four new Banca Partnerships
The total income of the UCO Bank with its extensive presence across the country is serving customers for now over seven decades through a wide spectrum of products and services. In a yet another value offering for its customers in the Insurance space, UCO Bank today entered into tie-ups with leading Insurers of the Country under Life, General and Health segments. The new tie-ups have strengthened the partnerships from existing two in number to six now by addition of SBI Life Insurance Company under Life, The Oriental Insurance Company under General and Religare Health Insurance Company and Star Health and Allied Insurance Company under Health. Atul Kumar Goel, MD & CEO, UCO Bank on the occasion said "Our aim has always been to continuously create greater values for our customers. With these new tie-ups we would now be offering a much wider range of Insurance products. We intend to deliver greater value through customer beneficial offerings both in terms of product pricing and their features". Ajay Vyas, Executive Director, UCO Bank speaking on the occasion said "These new tie-ups enables the Bank to reaffirm our commitment to our customers for their financial well-being through providing comprehensive Insurance solutions. Also, we would digitise and automate the customer interface which would add to ease of customers in availing these facilities".
Dhanlaxmi Bank - Audited Financial Results FY 2019-20
Dhanlaxmi Bank has recorded net profit of Rs.65.78 crore for the financial year ended 31.03.2020 compared to net profit of Rs. 11.67 crore during the same period of last financial year. This is the highest Net profit, Bank recorded since its inception, in 1927. The bank recorded an annual operating profit of Rs. 161.97 Crs as on 31st March 2020 against Rs. 94.93 Crs as on 31st March 2019, registering a growth of 70.62%. Total business of the Bank registered a growth of 2.69%, Rs. 17703 Crs as on 31st March 2020 from Rs. 17239 Crs as on 31st March 2019. Bank achieved a Total Deposits growth of 2.84% and Advance growth of 2.45% during the FY 2019-20. Retail Deposits of the Bank grown by 6.65% during the FY 2019-20. Total Income of the bank registered a growth of 7.44% on Y-o-Y basis and 4.47% in Q4 of FY 2019-20. Net interest Income increased from Rs.346.77 crore to Rs. 373.18 crs, recorded growth of 7.62% on Y-o-Y basis. Asset quality improved significantly with gross NPA coming down to 5.90% from 7.47% and Net NPA coming down to 1.55% from 2.41% on Y-o-Y basis. Provision Coverage Ratio improved to 89.87% from 84.72% on Y-o-Y basis. Yield on Advance improved from 10.57% to 10.91% on YoY basis. Net Interest margin improved from 3.00% to 3.21% on YoY basis. CRAR improved to 14.41% in FY 2019-20 against 13.75% during the Previous Year 2018-19. Return on Assets improved from 0.10% to 0.55% on Y-o-Y basis. Earnings per Share improved from 0.46% to 2.60% on Y-o-Y basis. Book Value of the Shares stands at Rs.32.68 as on 31.03.2020.
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Celebration of International Yoga Day at HPCL International Day of Yoga, is celebrated annually on 21 June since its inception in 2015. 6th International yoga day was observed and celebrated across the various locations of Hindustan Petroleum Corporation Limited. In order to maintain the norms of social distancing to protect the employees from Covid-19 pandemic, 'Yoga at home' was promoted widely. Led by Chairman and Managing Director along with other functional directors, an online yoga session was conducted under the guidance of professional yoga instructor. Large number of employees and their families participated in the session. Yoga sessions were also conducted at various retail outlets, plants and offices across the organization.
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efoveebkeÀ :22.06.2020
mLeeve :ieewleceyeg× veiej mener/- efoveebkeÀ :22.06.2020 mener/-
he´eefOeke=Àle DeefOekeÀejer mLeeve :ieeef]pe³eeyeeo he´eefOeke=Àle DeefOekeÀejer
Fbef[³eeyegume neGefmebie HeÀe³eveevme efueefceìs[ Fbef[³eeyegume neGefmebie HeÀe³eveevme efueefceìs[
tsVsDV bafM;k fyfeVsM
(iwoZr% lksuk dks;ks LVh;fjax flLVEl fyfeVsM ds uke ls Kkr) ,uvkbZvkbZVh VsDuksykWtht+ fyfeVsM
(CIN – L29113DL1984PLC018415)
iath- dk;kZy; % ;wth,Q&6] bUnzizdk'k] 21] ckjk[kEck jksM] ubZ fnYyh -110001. CIN : L65993DL1992PLC048753
Qksu uacj : 011-23311924, 23327205 technologies iath- dk;kZy; % 8] ckykth ,LVsV] rrh; ry] xq: jfo nkl ekxZ]<br>bZ&esy: [email protected]; osclkbV: www.jtekt.co.in dkYkdkth] ubZ fnYyh & 110019<br>lwpuk Qksu % 91 ¼11½ 41029297] QSDl % 91 ¼11½ 26414900<br>Website: http://www.niit-tech.com; Email: [email protected]<br>dEiuh vf/kfu;e] 2013 ¼Þvf/kfu;eß½ dh /kkjk 124¼6½ ds lkFk ifBr fuos'kd f'k{kk<br>,oa laj{k.k fuf/k izkf/kdj.k ¼ys[kkadu] ys[kkijh{k.k] varj.k vkSj /kuokilh½ lwpuk & 28oha okf"kZd lkekU; cSBd<br>fu;ekoyh] 2016 ¼Þfu;ekoyhß½] ;Fkk la'kksf/kr] ds izko/kkuksa ds vuqlj.k esa] ,sls ,rn~}kjk lwpuk nh tkrh gS fd ,uvkbZvkbZVh VsDuksykWtht fyfeVsM ¼ÞdEiuhß½ ds lnL;ksa<br>LkHkh 'ks;j ftuds laca/k esa foxr lkr vFkok vf/kd yxkrkj o"kksZa ls ykHkka'k dk dh 28oha okf"kZd lkekU; cSBd ¼^,th,e^½ dkiksZjsV ea=kky; }kjk tkjh tujy ldqZyj uacj<br>Hkqxrku vFkok ekaxnkok ugha fd;k x;k gS] tsVsDV bafM;k fyfeVsM ¼iwoZr% lksuk 14@2020] 17@2020 rFkk 20@2020 Øekuqlkj fnukafdr 08 vizSy] 2020] 13 vizSy] 2020 rFkk 05<br>dks;ks LVh;fjax flLVEl fyfeVsM ds uke ls Kkr½ ¼ÞdEiuhß½ }kjk] vf/kfu;e dh ebZ] 2020 ¼^,elh, ldqZyj^½ ] Hkkjrh; izfrHkwfr ,oa fofue; cksMZ }kjk tkjh ldqZyj uacj<br>/kkjk 125 ds izko/kkuksa ds vuqlj.k esa] Hkkjr ljdkj }kjk izfr"Bkfir fuos'kd f'k{kk lsch@,pvks@lh,QMh@lh,eMh1@lhvkbZvkj@ih@2020@79 fnukafdr 12 ebZ] 2020 ¼^lsch<br>,oa laj{k.k fuf/k ¼Þfuf/kß½ dks varfjr fd, tkus visf{kr gSaA ldqZyj^½ rFkk dEiuh vf/kfu;e] 2013 dh vU; ykxw izko/kkuksa vkSj rn/khu fojfpr fu;eksa ds<br>vuqikyu esa cgLifrokj] 23 tqykbZ] 2020 dks vi- 05.00 cts ¼vkbZ,lVh½ ohfM;ks dkWUÝsUl
bl laca/k esa dEiuh mu lHkh 'ks;j/kkjdksa dks O;fDrxr :i ls lwpuk izsf"kr dj lqfo/kk ¼^ohlh^½@vFkok vU; vkWfM;ks fotqvy ehUl ¼^vksoh,,e^½ ds ek/;e ls vk;ksftr dh
pqdh gS] ftuds }kjk foxr de ls de lkr yxkrkj o"kZ ls muds YkkHkka'k gsrq tk,xhA
ekaxnkok ugha fd;k x;k gSA ,sls 'ks;j/kkjdksa dk uke muds Qksfy;ks uEcj@Mhih ,elh, ldqZylZ rFkk lsch ldqZyj ds vuqlkj] foRrh; o"kZ 2019-20 gsrq dEiuh dh okf"kZd
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Relations" lsD'ku ds rgr miyC/k gSA ;fn lacaf/kr 'ks;j/kkjd vius 'ks;jksa dk lnL;ksa dks Hksth tk,xh] ftudk bZ&esy irk dEiuh@jftLVªkj ,oa 'ks;j VªkalQj ,tsUV
varj.k mDr fuf/k ds uke esa fd, tkus ls jksdus dk bPNqd gS] ,sls 'ks;j/kkjd ls ¼^vkjVh,^½ @fMikWftVjh ikfVZfliSaV~l ¼^Mhih^½ ds ikl iathc) gSA mijksDr nLrkost
iwoZorhZ lkr o"kksZa esa ls fdlh Hkh o"kZ gsrq vnRr vFkok v&ekaxnkok dr ykHkka'k gsrq www.niit-tech.com, www.bseindia.com rFkk www.nseindia.com ij Hkh miyC/k djk, tk,axsA bu<br>eakxnkok dEiuh ds le{k izLrqr djus dk vuqjks/k gSA og fof/k] ftlesa dksbZ ldqZylZ ds vuqlkj lnL;x.k ,th,e esa dsoy ohlh@vksoh,,e lqfo/kk ds ek/;e ls<br>'ks;j/kkjd vnRr@v&nkokdr ykHkka'k dh ekax dj ldrk gS] 'ks;j/kkjd dks mifLFkr gks ldrs gSa@Hkkx ys ldrs gSa rFkk izfØ;k lwpuk esa miyC/k djkbZ tk,xhA okf"kZd
O;fDr'k% izsf"kr lwpuk esa nh xbZ gSA a fjiksVZ Hkstus gsrq dV&vkWQ MsV 'kqØokj] 26 twu] 2020 gksxhA
lcaf/kr 'ks;j/kkjdksa ls] O;fDr'k% izsf"kr lwpuk nh xbZ fof/k esa vkSj le;kof/k ds izfrHkkfxrk vFkok ,th,e esa bZ&oksfVax ds ek/;e ls oksV Mkyus dk Hkhrj] dksbZ lwpuk izkIr ugha gksus dh fLFkfr esa] dEiuh vf/kfu;e vkSj fu;ekoyh lwpuk eas fn;k x;k gSA HkkSfrd :i esa vFkok bysDVªkWfud :i esa 'ks;jkas ds /kkjd ,sls\
ds izko/kkuksa dk vuqlj.k djrs gq, mijksDr 'ks;j fuf/k ds uke esa varfjr dj nsxhA 'ks;j/kkjdksa] ftuds }kjk viuk bZ&esy irk dEiuh vFkok lacaf/kr Mhih ds ikl iathdr ugha<br>dksbZ O;fDr] ftlds 'ks;j@vnRr ykHkka'k fuf/k dks varfjr fd;k tkrk gS] og djok;k x;k gS] ds fy, ykWxbu ØsMsfU'k;Yl ds laca/k esa vuqns'k Hkh lwpuk esa fn, x, gSaA<br>vf/kfu;e dh /kkjk 124 ,o 125 rFkk fu;ekoyh ds izko/kkuks dk vuqlj.k djrs gq, ohlh@vksoh,,e lqfo/kk ds ek/;e ls cSBd esa Hkkx ys jgs lnL;kas dh x.kuk dEiuh vf/kfu;e]<br>osclkbV www.iepf.gov.in ij miyC/k izi=k vkbZbZih,Q&5 esa vkWuykbu vkosnu 2013 dh /kkjk 103 ds v/khu x.kiwfrZ ds iz;kstu gsrq dh tk,xhA<br>izLrqr dj rFkk mldh ,d izfr dEiuh dks Hkstdj] fuos'kd f'k{kk vkSj laj{k.k HkkSfrd :i esa 'ks;jkas ds /kkjd lnL;kas ls vius HkkSfrd 'ks;j vHkkSfrd ¼MheSVhfj;ykbTM½ :i<br>fuf/k izkf/kdj.k ls 'ks;jksa@ykHkka'k dh ekax dj ldrk gSA esa ifjofrZr djokus vkSj HkkSfrd 'ks;jksa ds lkFk tqM+s lHkh tksf[ke lekIr djus ij fopkj<br>djus dk vuqjks/k fd;k tkrk gSA<br>,rn~}kjk ;g Hkh lwfpr fd;k tkrk gS fd dEiuh vf/kfu;e] 2013 dh /kkjk 124 ds<br>izko/kkuksa ds vuqlj.k esa] foRrh; o"kZ 2012-13 gsrq ykHkka'k] tksfd lkr ¼7½ o"kZ dh bZ&esy irk vkSj cSad fooj.k iathdr djokus gsrq izfØ;k %\
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iathdr@v|ru ugha djokbZ xbZ gS] muls MheSVhfj;ykbTM 'ks;jksa ds ekeys es<br>,sls 'ks;j/kkjdksa] ftuds }kjk ykHkka'k 2013 dk udnhdj.k ugha djok;k x;k gS] dh<br>,u,lMh,y@lhMh,l,y ¼^fMikWftVjh ikfVZfliSaV^½ ls lEidZ djus dk vuqjks/k fd;k tkrk<br>lwph Hkh dEiuh dh osclkbV ij miyC/k gSA lacaf/kr 'ks;j/kkjdksa ls dEiuh@ gSA ;fn 'ks;j HkkSfrd :i esa gSa] lnL;ksa ls vuqjks/k gS fd os viuh bZ&esy vkbZMh iathdr\
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[email protected] ij dEiuh dks fy[k ldrk gS vFkok dEiuh ds lnL;x.k cSad fooj.k ds v|ru gsrq vuqjks/k i=k mifjof.kZr ls lEidZ djsA fdlh lansg dh
lsysfu;e Vkoj ch] IykWV jftLVªkj ,oa 'ks;j VªkalQj ,tsUV dsfQu VsDuksykWtht izkbosV fyfeVsM] 31&32] foRrh; ftyk] ukudjkexqMk] gSnjkckn&500032 ldrs gSaAfLFkfr esa vki bUosLVj lfoZlst dks [email protected] okLrs ,uvkbZvkbZVh VsDuksykWtht+ fyfeVsM vFkok [email protected] ij fy[k
& Jh jktho dqekj] bZ&esy vkbZMh [email protected] ls lEidZ dj ldrk gSA gLrk@&
okLrs tsVsDV bafM;k fyfeVsM frfFk : 23 twu] 2020 yfyr dqekj 'kekZ
LFkku : ubZ fnYyh dEiuh lfpo ,oa fof/kd lykgdkj
LFkku % xq:xzke fufru 'kekZ
frfFk % 23.06.2020 dEiuh lsØsVjh
vkbZVh,y fQuyht ,aM flD;wfjVht fyfeVsM
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==> picture [783 x 41] intentionally omitted <==
INFO EDGE (INDIA) LIMITED
CIN: L74899DL1995PLC068021, Tel no. : 0120-3082000, Fax: 0120-3082095, Website : www.infoedge.in, Email: [email protected] STATEMENT OF STANDALONE AND CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2020
| Amount in (Mn) |
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|---|---|---|---|---|---|---|---|---|
| Results on Standalone Basis | Results on Consolidated Basis | |||||||
| months nded 03/2020 Corresponding 3 months ended in the previous year 31/03/2019 Preceding 3 months ended 31/12/2019 |
Year ended 31/03/2020 |
Previous year ended 31/03/2019 |
3 months ended 31/03/2020 |
Preceding 3 months ended 31/12/2019 |
Corresponding 3 months ended in the previous year 31/03/2019 |
Year ended 31/03/2020 |
Previous year ended 31/03/2019 (Audited) 11,509.32 999.02 7,164.82 5,922.02 5,891.36 1,221.16 24,205.82 49.53 49.14 |
|
| udited) (Unaudited) (Audited) |
(Audited) | (Audited) | (Audited) | (Unaudited) | (Unaudited) | (Audited) | ||
| 3,228.15 3,204.97 2,926.51 1,034.17 1,142.55 1,168.10 662.20 1,112.44 993.68 416.21 880.44 663.12 376.92 881.79 659.18 1,225.16 1,225.16 1,221.16 3.40 7.21 5.44 3.38 7.16 5.39 |
12,726.95 4,422.82 3,189.87 2,056.65 2,008.11 1,225.16 23,093.93 16.85 16.75 |
10,982.56 4,320.30 3,986.22 2,817.03 2,794.75 1,221.16 22,018.98 23.12 22.93 |
3,275.99 (371.68) 1,464.44 1,190.97 1,152.46 1,225.16 9.74 9.68 |
3,350.55 (381.62) (381.62) (621.17) (613.58) 1,225.16 (4.90) (4.90) |
3,038.01 2,042.94 3,631.80 3,252.61 3,232.44 1,221.16 26.88 26.66 |
13,119.30 (3,078.68) (1,257.62) (2,457.48) (2,486.59) 1,225.16 20,732.90 (19.46) (19.46) |
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Note :
- The above is an extract of the detailed format of Quarterly financial results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by circular no. CIR/CFD/FAC/62/2016 dated July 05, 2016. The full format of the Quarterly financial results are available on the Stock Exchange websites (www.nseindia.com and www.bseindia.com) and on the company's website (www.infoedge.in).
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- The above results have been prepared in accordance with the Indian Accounting Standards(Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of Companies (Indian Accounting Stardards) Rules,2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016.
Hitesh Oberoi Managing Director
Place : Noida Date : June 22, 2020
NIIT Technologies Limited
MUMBAI | WEDNESDAY, 24 JUNE 2020
technologies [CIN : L65993DL1992PLC048753] Regd. Office : 8, Balaji Estate, Third Floor, Guru Ravi Das Marg, Kalkaji, New Delhi - 110019.
~~.~~
BRAND WORLD 13
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Hospitals reworkthe Covid-19 narrative
STRAIGHTENING THE PITCH
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Private hospital chains look to protect the brand as the pandemic takes its toll on trust and business
� To counter charges of inflated pricing, hospitals have setup homequarantine packages that come with a detailed breakup ofthe fee structure
SOHINI DAS
Mumbai, 23 June
he Coronavirus has pinned all of the coun� Through online T try’s healthcare system consultation platforms, on the ropes, but its impact on helplines to deal with private hospital chains has anxietyand depression and been particularly bruising. other outreach services, Caught in a storm of regulations hospitals are looking to build on the one hand and shrinking stronger connections with business on the other, as patient the community footfalls decline and routine � Special training on use of consultations come to a halt, PPEs and personal hygiene the hospitals also face charges are being offered as a markof of inflated pricing and callous solidaritywith frontline care. Trust is running low and workers outside the the big chains, Max, Apollo, Fortis and others are keen to healthcare system retune the pitch with new services, online consultations and ductive, if it ends up shutting Building.com believes that this package, launched about ten an aggressive social media the facility down altogether. is an opportunity that could days back, already has over engagement policy. Few outside the hospital give hospitals a much needed 100 patients. The chains are hoping to system see his point though. shot in the arm and should Hospitals have also shore up business and trust. Given the scale of the pandemhave been done earlier. “Social launched an aggressive social Hence apart from the numeric, the fear of going to a hospital media is full of negative pubmedia campaign around the ous packages around the panis high as is the outrage over licity around Covid-19 wards, service as well as their role in demic, such as a wide range of their pricing methods. How sanitation conditions of public the community. Jasrita Dhir, home-care-and-quarantine must hospitals assuage such sector isolation centres and so head of brand, marketing and schemes, the hospitals are fears and restore trust? on. With reputed brands getcorporate social responsibility, also running awareness camThenewly launched home ting into it, patients will opt for Fortis Healthcare said that paigns, about the virus, quarantine packages are aimed their services,” he said. Fortis launched its ‘Living about their adherence to proat addressing these issues. One, The Apollo Group has with Covid’ campaign on May tocols and their online conit takes the hospital into the clubbed all its Covid-19 facili26. The campaign talked sultation platforms. houses of people and in some ties under the umbrella of about safe commuting, the Hospitals need to build up cases, into community spaces Apollo Kavach. This helps conimpact on sleep, how to opertheir community connections that are doubling up as isolasolidate all the brand engageate an ATM, how to do grocery at a time when the relationship tion centres within residential ment initiatives and focuses shopping, how to reopen the is strained, experts said. The complexes. And secondly, the customer attention too. “We doctor clinics, advise for pregpandemic is severely testing the hospitals have used a transparpooled in our resources to nant women, for elderly, for patient-doctor and patient-hosent pricing mechanism to address all the needs and it is diabetics etc. “Conversations pital ties and this could turn out assure customers that there is convenient for the customer around the ‘new normal’ is to be detrimental for both in no subterfuge in the service. too,” Mahesh Joshi, CEO, what we were trying to build. the long run. HS Chhabra, medApollo Hospitals, Max Apollo Home Care said. This was done through mesical director of Indian Spinal Healthcare, HN Hospital The service has been saging platforms and social Injuries Center in Delhi points (Reliance Foundation) and extremely popular says Joshi media,” she said. out that hospitals are under Fortis Hospitals are among the and he adds that Apollo was Many hospitals are focuspressure but one can’t do withbig chains that have launched operating a home healthcare ing on community outreach, out them. “We need to considpackages for home care for vertical since 2015 and hence arranging for motivational calls er the fact that institutions need Covid-19 patients. The packcould make the transition for quarantined patients from to survive, and if they collapse, ages are similar and come with without a glitch. “Not a new those who have battled and surit defeats the whole purpose,” a break-down of the charges for thing for us,” he says. Apollo’s vived the virus, from leaders he added. The point he makes each service. home healthcare division typand well-known personalities is that the outrage over hospital Ambi Parameswaran, brand ically looks after 400 patients and so on. “This works better care costs may be counter-prostrategist and founder of Branda month and the Covid-19 than medicines,” Joshi said.
and the US, the plan is being worked out on ing. Next year’s cap process may look very > FROM PAGE 1 this route urgently, according to a person different,” Chothani added. aware of the development. According to Chothani, individuals who Facebookseeks... However, officials said only limited already have H1B and L visas and are curnumber of flights would be allowed to operrently in India may not be affected by the However, legal experts say the new FDI polate under the corridor. India is likely to allow travel ban. But it’s best to wait for further icy is ambiguous, particularly with regard to US airlines to operate to Delhi and Mumbai. clarity before making travel plans. Those treating indirect investment from the neighMeanwhile, US may allow Air India to with approved H1B and L1 petitions curbouring countries. operate normal flights to New York, San rently outside the US and do not have a “The new policy needs clarity on various Francisco and Chicago. visa stamp will not be able to enter the US matters, particularly the definition of benAccording to travel data firm OAG, the until after December 31. eficial ownership, because there is no such US-India non-stop traffic has grown by 8 The current annual cap for H1B visas is defined criterion in the Foreign Exchange per cent every year since 2016. 65,000, with 20,000 additional visas for Management Act. Several companies and While such corridors are being created foreign professionals who graduate with a industry bodies have approached the govby countries that have successfully curbed Master’s degree or doctorate from a US ernment, seeking clarity on the format of the growth of cases, officials indicated that institution of higher learning. reporting and disclosures to be made. India and the US would not wait for cases to Through Tuesday, industry leaders Due to there being no standard fall to zero before creating the corridor. “A spoke out against the temporary suspenapproach, buyers and sellers end up assesstravel bubble can also be between two counsion of certain visa holders’ entry into the ing themselve6s what constitutes adequate tries which have similar number of cases US. “Today’s proclamation is a severe and and appropriate disclosures, thereby relying and respond in the same way to the pansweeping attempt at restricting legal immion undertakings and contractual indemnidemic,” one of the officials said. In such a gration. Putting up a ‘not welcome’ sign ties to protect themselves from penalties if scenario, neither country needs to close the for engineers, executives, IT experts, docit is later found that proceeding with the border to protect citizens. tors, nurses, and other workers won’t help deal without approval had been an infringeSuch a plan has been in the works after our country, it will hold us back. Restrictive ment, said a legal expert. There are about the US accused India of “discriminatory changes to our nation’s immigration sys2,700 institutional investors invested in the practices” and violating fair trade practices tem will push investment and economic FB stock. Of those, a few are based in China during the Vande Bharat mission- the repaactivity abroad, slow growth, and reduce and Hong Kong. However, none of them triation exercise being carried out by Air job creation,” said US Chamber of exercises any control over the company. India. The US Department of Transport on Commerce Chief Executive Officer (CEO) The amendment in the policy was Monday said that from July 23, Air India Thomas J Donohue. aimed to protect domestic companies from would have to seek prior approval before The Indian IT industry body National hostile takeover by “opportunistic foreign operating flights to the US. Association of Software and Services firms” as the pandemic rages. Air India is operating a schedule which Companies (Nasscom) said the proclamais more than 50 per cent of the pre-Covid tion would impose new challenges and level, the department said. “The charters go possibly force more work to be performed Green corridor... beyond true repatriations, and it appears offshore since local talent was not availthat Air India may be using repatriation able. Since the largest chunk of non-stop traffic charters as a way of circumventing the flight “We urge the US Administration to on international routes is between India restrictions imposed by India,” it said. It shorten the duration of these restrictions to sought to restore a level-playing 90 days. Lengthening these burdensome field for American airlines under restrictions on US companies that are trythe US-India Air Transport ing to recover from the economic fallout of ~~>~~ ~~BS SUDOKU~~ # 3084 Agreement. the Covid-19 pandemic will only serve to Due to restrictions imposed harm our economy,” it said in a statement. by the Indian government, forAlphabet and Google CEO Sundar eign airlines were forced to operPichai also spoke out against the proclaate empty one way . mation in a tweet: "Immigration has conUS carriers like Delta and tributed immensely to America’s economUnited had also sought permisic success, making it a global leader in tech, sion to operate repatriation flights and also Google the company it is today. like Air India, but were not Disappointed by today’s proclamation - allowed by the Indian governwe’ll continue to stand with immigrants ment resulting in “competitive and work to expand opportunity for all." imbalance,” the US Department The proclamation will come into effect of Transport said. at 12:01 am ET on June 24. Experts said the green corri“Businesses across the US rely on temdor would be a sign of gradual porary visas to supplement their local hiropening up of international traving efforts and enable highly-skilled and el. “Travel bubbles are a step fortalented professionals from around the ward and will help towards world to enhance America’s competitiverestarting international travel. ness on the global stage,” said Chandrajit The important thing is to ensure Banerjee, director general of Confederation that the measures are aligned of Indian Industry (CII). SOLUTION TO #3083 Very hard: with international guidance so “They have also been supporting the ����� that the bubbles can be expanded US during the spread of the Covid-19 pan- Solution to include other countries and demic - retooling their American manu- tomorrow restore global connectivity by air,” facturing units to produce essentials, prosaid Amitabh Khosla, IATA viding pharmaceutical and health care ~~HOW TO PLAY~~ Country Director (India). assistance for drug discovery and clinical Fill in the grid so trials in the US, enabling distance educathat every row, tion through tech platforms for US every column H1B visa... schools, and various other initiatives, and every 3x3 demonstrating their commitment to the box contains “There is no clarity how conUS economic recovery and rebuilding the digits 1 to 9 sulates will handle visa processefforts,” added Banerjee.
Ph: 91 (11) 41029297, Fax: 91 (11) 26414900 Website: http://www.niit-tech.com; Email: [email protected]
NOTICE - 28th ANNUAL GENERAL MEETING
NOTICE is hereby given that the 28th Annual General Meeting (‘AGM’) of the Members of NIIT Technologies Limited (‘the Company’) will be held on Thursday, July 23, 2020 at 05:00 P.M. (IST) through Video Conference facility (‘VC’) /or Other Audio Visual Means (‘OVAM’) in compliance with the General Circular Nos. 14/2020, 17/2020 and 20/2020 dated April 08, 2020, April 13, 2020 and May 05, 2020 respectively, issued by the Ministry of Corporate Affairs (‘MCA Circular’) , Circular No. SEBI/HO/CFD/CMD1/ CIR/P/2020/79 dated May 12, 2020 issued by the Securities and Exchange Board of India (‘SEBI Circular’) and other applicable provisions of the Companies Act, 2013 and the rules made there under.
The Annual Report of the Company for the financial year 2019-20 along with Notice convening the AGM will be sent in due course only through email to all those Members whose email address is registered with the Company/Registrar and Share Transfer Agent (‘RTA’) /Depository Participants (‘DP’) , in accordance with the MCA Circulars and SEBI Circular. The aforesaid documents will also be made available at www.niit-tech.com, www.bseindia.com and www.nseindia.com. In accordance with these Circulars the members can join/participate in the AGM through VC/OVAM facility only and the procedure will be provided in the Notice. The cut-off date for sending Annual Report will be Friday, June 26, 2020.
The instruction for attending the meeting through VC/OVAM and the manner of participation in the remote e-voting or casting vote at the AGM through e-voting is provided in the Notice convening the AGM. The Notice also contains the instructions with regard to login credentials for shareholders, holding shares in physical form or in electronic form, who have not registered their email address either with the Company or their respective DP. Members participating through VC/OVAM facility shall be counted for the purpose of quorum u/s 103 of the Companies Act, 2013. The members holding shares in physical form are requested to consider converting their physical shares into dematerialized and eliminate all risks associated with the physical shares. Procedure for registration of email addresses and bank details:
Members holding shares in physical/demat form and who are yet to register/update their email IDs are requested to approach NSDL/CDSL (‘Depository Participant’) in case of dematerialized shares. In case shares are held in physical form, Members are requested to send their request letters to Alankit Assignments Limited, 205-208 Anarkali Complex, Jhandewalan Extension New Delhi -110055 (‘RTA’) signed by all the shareholders along with self- attested copies of PAN Card and address proof to register their email ids. Similarly, the Members may also reach out the above mentioned for updation of Bank account details with Request letter, ID Proof & a copy of cancelled cheque. In case of any query you may write to Investor Services at [email protected] or [email protected] For NIIT Technologies Limited Sd/- Dated : June 23, 2020 Lalit Kumar Sharma Place : New Delhi Company Secretary & Legal Counsel
TENDER CARE
Commercial Feature
Inauguration of Ahmednagar Regional Office of the Union bank of India
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Corporation and Andhra Bank merged with Union Bank of India on April 2, making the bank one of the top five banks in the country. The Ahmednagar Regional Office covers 79 branches in seven districts viz. Ahmednagar, Aurangabad, Jalna, Beed, Latur, Osmanabad and Solapur. Regional Manager Sunil Kumar, General Manager Dynaneshwar Salunke, Girish Deshpande, Vijay Kumar, Mushir Khan, Achyut Deshmukh, Dhondiram Gaikwad, Sudhakar Joshi and others were present on this occasion.
Er. Gopal Sharma taken charge of New Director Commercial in PSPCL
Er. Gopal Sharma has assumed the charge as New Director Commercial of Punjab State Power Corporation Limited here today. This was disclosed here in a press note issued by spokesman of PSPCL here. Punjab Government has appointed Er. Gopal Sharma for a term of 2 years. Er. Gopal Sharma born on September 19, 1962, a B.E. (Electrical) graduate from Punjab University, Chandigarh and did MBA from Punjabi University Patiala joined PSPCL erstwhile PSEB in 1985 as Assistant Engineer and rose to the level of Engineer-in-Chief and served PSPCL more than 35 years. He served on different important assignments as Engineer in chief Distribution North, Chief Engineer EA & Enforcement, SE Distribution Jalandhar and Senior Xen Enforcement, Hoshiarpur Er. Gopal Sharma has joined in place of Er.O.P.Garg.
Indian Bank Declared Its Financial Results for the Quarter/Year Ended March 31, 2019-20
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Total Income for Q4 FY 20 was Rs.6334 crore, up 14% over Q4 FY 19. For FY 20, the same was Rs.24717 crore with Y-o-Y growth of 17% over FY 19. Net Interest Income for Q4 FY 20 at Rs.2003 crore rose by 14% over Q4 FY 19. For the full year FY 20 , it was Rs.7606 crore with growth of 8% over FY 19. Other Income for Q4 FY 20 was Rs.842 crore with an Y-o-Y increase of 48% over Q4 FY 19. For FY 20, it grew by 76% to touch Rs.3312 crore. Operating Profit registered a robust growth of 37% over Q4 FY 19, touching Rs.1703 crore for Q4 FY20. For FY 20, it was Rs.6498 crore with Y-o-Y growth of 33%. Net Profit for FY 20 was at Rs.753 crore with a Y-o-Y growth of 134% over FY 19. Net Interest Margin (NIM) (Domestic) was at 2.96% for Q4 FY 20 and for FY 20, it was 2.92%. Cost-to-Income ratio declined to 40.12% for Q4 FY 20 from 46.62% in Q4 FY 19. For FY 20, it was 40.49% compared to 45.17% for FY 19. Provisions and Contingencies for Q4 FY20 was Rs. 1921 crore (Rs. 1435 crore in Q4 FY 19). For FY 20, the same was Rs.5745 crore as against Rs.4559 crore in FY 19. Return on Average Assets (RoA) for FY 20 was 0.26% and Return on Equity (RoE) was 4.19%.
UCO Bank signs four new Banca Partnerships
The total income of the UCO Bank with its extensive presence across the country is serving customers for now over seven decades through a wide spectrum of products and services. In a yet another value offering for its customers in the Insurance space, UCO Bank today entered into tie-ups with leading Insurers of the Country under Life, General and Health segments. The new tie-ups have strengthened the partnerships from existing two in number to six now by addition of SBI Life Insurance Company under Life, The Oriental Insurance Company under General and Religare Health Insurance Company and Star Health and Allied Insurance Company under Health. Atul Kumar Goel, MD & CEO, UCO Bank on the occasion said "Our aim has always been to continuously create greater values for our customers. With these new tie-ups we would now be offering a much wider range of Insurance products. We intend to deliver greater value through customer beneficial offerings both in terms of product pricing and their features". Ajay Vyas, Executive Director, UCO Bank speaking on the occasion said "These new tie-ups enables the Bank to reaffirm our commitment to our customers for their financial well-being through providing comprehensive Insurance solutions. Also, we would digitise and automate the customer interface which would add to ease of customers in availing these facilities".
Dhanlaxmi Bank - Audited Financial Results FY 2019-20
Dhanlaxmi Bank has recorded net profit of Rs.65.78 crore for the financial year ended 31.03.2020 compared to net profit of Rs. 11.67 crore during the same period of last financial year. This is the highest Net profit, Bank recorded since its inception, in 1927. The bank recorded an annual operating profit of Rs. 161.97 Crs as on 31st March 2020 against Rs. 94.93 Crs as on 31st March 2019, registering a growth of 70.62%. Total business of the Bank registered a growth of 2.69%, Rs. 17703 Crs as on 31st March 2020 from Rs. 17239 Crs as on 31st March 2019. Bank achieved a Total Deposits growth of 2.84% and Advance growth of 2.45% during the FY 2019-20. Retail Deposits of the Bank grown by 6.65% during the FY 2019-20. Total Income of the bank registered a growth of 7.44% on Y-o-Y basis and 4.47% in Q4 of FY 2019-20. Net interest Income increased from Rs.346.77 crore to Rs. 373.18 crs, recorded growth of 7.62% on Y-o-Y basis. Asset quality improved significantly with gross NPA coming down to 5.90% from 7.47% and Net NPA coming down to 1.55% from 2.41% on Y-o-Y basis. Provision Coverage Ratio improved to 89.87% from 84.72% on Y-o-Y basis. Yield on Advance improved from 10.57% to 10.91% on YoY basis. Net Interest margin improved from 3.00% to 3.21% on YoY basis. CRAR improved to 14.41% in FY 2019-20 against 13.75% during the Previous Year 2018-19. Return on Assets improved from 0.10% to 0.55% on Y-o-Y basis. Earnings per Share improved from 0.46% to 2.60% on Y-o-Y basis. Book Value of the Shares stands at Rs.32.68 as on 31.03.2020.
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Celebration of International Yoga Day at HPCL International Day of Yoga, is celebrated annually on 21 June since its inception in 2015. 6th International yoga day was observed and celebrated across the various locations of Hindustan Petroleum Corporation Limited. In order to maintain the norms of social distancing to protect the employees from Covid-19 pandemic, 'Yoga at home' was promoted widely. Led by Chairman and Managing Director along with other functional directors, an online yoga session was conducted under the guidance of professional yoga instructor. Large number of employees and their families participated in the session. Yoga sessions were also conducted at various retail outlets, plants and offices across the organization.