SUNDAY 05 - 9 - 2021

China’s factory activity decelerated in August as export demand weakened, a survey says.The monthly purchasing managers’

index of the Chinese statistics bureau and an official industry group declined to 50.1 from July’s 50.4 on a 100-point scale on which numbers above 50 show activity increasing.A sub-measure of new exports fell by

a full point from the previous month to 46.7, according to the National Bureau of Statistics and the China Federation of Logistics & Purchasing.

Officials have warned demand for

Chinese exports was likely to weaken

in the second half of the year. Factory

and consumer activity have been damp-

ened by flooding in July and tighter

anti-coronavirus controls.

In a report on the latest manufacturing

figures, researchers at the Chinese in-

vestment bank CICC said they expected

“the slowdown in demand will continue.”

“Overall the manufacturing industry

will show a steady slowdown,” it added.

Chinese slow down

hanks to the pan-d e m i c -i n d u c e d lockdowns w h i c h h a v e s p u r r e d

adoption of digital plat-forms, some internet-based companies are expected to enter equity benchmark Nifty over the next few months, ac-cording to a foreign bro-kerage.

The country has cre-ated around 20 unicorns this year so far, taking the overall number of large startups with over USD 1 billion valuation to more than 60 now.

Some large start-ups have already gone public, while others are looking to list on the bourses as well.

Food delivery plat-form Zomato completed

its Rs 9,300-crore pub-lic issue last month. Fi-nancial services platform Paytm is awaiting Sebi not for a Rs 16,600 crore issue, the largest IPO in the country till date, while ride hailing app Ola too is look-ing to raise around Rs 10,000 crore through an initial share sale.

E-commerce giant Flipkart, online educa-tion behemoth Byju’s and hotel aggregator Oyo, among others, are likely to join the IPO bandwagon over the next 12-18 months.

Also, comparatively smaller ones like Poli-cyBazaar, Nykaa and Mobikwik too have filed IPO papers with the market watchdog.

Some of the large new-age companies go-ing public are likely to get into the Nifty over

the next few months due to their higher market capitalisation.

There is a strong like-lihood that the weighting of the new technology-based companies in the market capitalisation will keep growing from to-day’s very low levels and may even close the gap with China and the US, he added.

Looking at the weighting of internet companies in the over-all market capitalisation, in China it is 45 per cent and in the US it is around 30 per cent. On the contrary in In-dia, it is below 10 per cent (USD 3.37 trillion or Rs 247 lakh crore market cap) and hence a big opportunity to cor-rect the gap, he said. Meanwhile, on a day when the market was on a song and scaled new

peaks, Sensex vault-

ing to 56,890, and the

Nifty closing at 16,931,

the market is too over-

valued and set to correct

in the near and medium

term.

Since the market

has performed really

strongly despite not so

good earnings, which are

lower than other emerg-

ing markets, there can

be some period of con-

solidation. Most foreign

portfolio investors are

finding other markets at

better valuation with bet-

ter growth and earnings

prospects.

Also, new COV-

ID-19 variants pose big-

ger threats to the mar-

kets and one should not

rule out the risks from

the pandemic for two

years at least.

Digital companies lisiting on anvil

Royal Enfield finally

launched the new Royal

Enfield Classic 350 in

India at a starting price

of Rs 1,84,374 (ex-

showroom, India). The

new-generation Classic

350 is a completely

new product built

from the ground up,

with underpinnings

shared with the Royal

Enfield Meteor 350.

The new Classic 350

Enfi eld Classic 350 launched,

cost Rs 1,84,374

India’s petrochemicals demand is expected to jump ten times by 2050, the president of India’s Chemicals and Petro-chemicals Manufacturers’ Association (CPMA) said at the CPMA - Argus Petrochemical Online Forum recently.India’s demand for

petrochemical prod-ucts will double every nine years at an an-nual growth rate of 8 percent. The country’s demand for petrochemi-cals has been growing faster than the economy in recent years, and will rise more than GDP this year.Despite the energy

transition push in road transportation and electricity generation, some sectors – such as aviation, shipping, and petrochemicals – will continue to rely on oil for some more years.

Petro demand

to rise ten

times by 2050

New Delhi: State-owned Bank

of India has revealed that LIC has picked up nearly 4 per cent eq-uity shares of the bank through an open market transaction last week. Before the latest

acquisition of shares in the bank, LIC held over a 3.17 per cent stake in the state-owned bank. The bank said that

LIC’s stake in Bank of

India has now increased to 7.05 per cent, equiv-alent to 28,92,87,324 shares. As per Sebi regula-

tions on substantial acquisition of shares and takeovers, compa-nies have to inform the stock exchanges when an entity holds more than 5 per cent shares in a listed company. Last week, the bank

closed its QIP in which

it raised Rs 2,550 crore

by allotting preference

shares to qualified insti-

tutional buyers (QIBs).

In the qualified

institutional placement

(QIP), which closed on

August 30, LIC picked

up the biggest chunk by

acquiring nearly 39.22

per cent (15,90,07,791

shares) of the equity

shares offered in the

issue.

LIC picks 4% stake in BoI

New Delhi:Public sector lender

Punjab National Bank (PNB) has moved the Insolvency appellate tribunal NCLAT against the approval of bids for defunct airline Jet Airways.

The National Company Law Appellate Tribunal (NCLAT) bench has issued a notice over the PNB’s petition along with its interim plea seeking a stay over the execution of the resolution plan.

A three-member bench has directed the Resolution Professional of Jet Airways along with other parties including the Committee of Creditors to file a reply within two weeks and rejoinder, if by PNB, within one week.

“Let the matter be fixed ‘for admission (after notice)’ on September 21, 2021, said the NCLAT.

PNB has challenged the approval of the Resolution Plan by Kalrock-Jalan Consortium on June 22, 2021, by the Mumbai bench of the National Company Law Tribunal (NCLT). The bank is aggrieved by the reduction in its claim amount by around Rs 202 crore by the Resolution Professional, which according to it is in complete violation of the processes as enumerated under the Insolvency & Bankruptcy Code (IBC).

PNB challenges Jet Airways

resolution plan

T

New Delhi:India’s coal import rose 50 per cent to 18.77 mil-

lion tonnes (MT) in June this year, when compared to the shipments arrived in the same month of 2020.

The country had imported 12.51 MT of coal in the corresponding month a year ago, according to (revised) data compiled by mjunction services.

mjunction -- a joint venture between Tata Steel and SAIL -- is a B2B e-commerce company and also publishes research reports on coal and steel verticals.

India’s coal import rises 50% to

19 mn tonnes in June

Crisil upgrades ratings on Yes Bank’s outstand-ing instruments Private sector lender Yes Bank on Wednesday said leading rating agency Crisil has upgraded ratings on various outstanding instruments.

The agency has upgraded ratings on tier-II bonds of Rs 13,941-crore, infrastructure bonds of Rs 3,780 crore and certificates of deposits of Rs 20,000 crore, the bank said in a statement.

Short jabs

New Delhi:Tourism Finance Corporation of India (TFCI) is

planning to raise Rs 65.18 crore from a group of investors.

The board has approved a capital raise proposal by way of issue of up to 96.55 lakh shares of the face value of Rs 10 each at an issue price of Rs 67.50, the company said in a statement.

The transaction is subject to regulatory as well as shareholders’ approval, it said.

Tourism Finance to raise

Rs 65.18 cr from investors

Yes Bank rating up

US-based Polaris Industries niche bike maker Indian Mo-

torcycle is seeking to replicate the growth in India which it

has witnessed in other global markets, and expects to garner

25-30 per cent market share in the premium motorcycle seg-

ment, having suffered a “washout” in 2020, according to a

senior company official.

Polaris Industries sells a range of imported bikes priced

between Rs 15.68 lakh and Rs 43.96 lakh, was unable

Indian Motorcycle costs Rs. 20-40 lakh

Polaris Industries sells the Victory motorcycles at Rs 26 lakh.

to operate fully in the Indian

market due to non-availability

of BS-VI compliant models

besides the disruption due to

the COVID-19 pandemic.

There is a double-

digit growth in North

America, in

Asia-Pacific, in Europe and in Japan. It gives a clear indica-

tion that the brand is growing everywhere,” Polaris India Country

Manager Lalit Sharma says. On the prospects of the premium

motorcycle market in India, he said that while many people are

not that comfortable in spending Rs 20 lakh to Rs 40 lakh for

buying a motorcycle but there are “a set of customers or enthusi-asts who are fans of cer-

tain brands and definitely

we are targeting them and

we are moving in the

right direc- tion,”

Sharma

said.

3

features design changes,

enhanced ride quality,

an updated features list,

and new color schemes.

Let’s take a look at

what the new Royal

Enfield Classic 350 has

to offer.

05 - 9 - 2021 55

IN THE XI SMALL CAUSEES COURT AT CHENNAI E.P.No. 276 of 2021

in RCOP No. 1561 of 2015

Mrs. Padmini Shankar (deceased) and others

... Decree Holders/Petitioners Vs

Mr. Gurdip Singh..Judgement Debtor/Respondent

To,Mr. Gurdip Singh S/o. Late Ishwar Singh Having Business at No.18, Old No.24, No 14, Begum Sahib II Street, 1st floor, Mount Road, Chennai 2.

..Judgement Debtor/Respondent My client has filed the above execution petition in pursuant to the eviction order passed in RCOP No.1561/2015. The Hon'ble XI Small Causes Court was pleased to order notice to you returnable by 1.10.2021. Please take notice that the above matter will be called on 1.10.2021 at 10.30 am and you are hereby directed to appear before the said court failing which the matter will be decided in your absence.

D. KANAGASUNDARAM Counsel for Decree Holder

In the Court of the Subordinate Judge at

Poonamallee E.A.No.511 of 2021

In E.P.No. 115 of 2012

InO.S.No. 34 of 2008

K.Radhalakshmi ... Petitioner/D.H./Plaintiff

Vs.1. Mr.C.J.Francis (Died) Sole Proprietor,M/s.Preethi Enterprises and others

... Respondent/J.D./Defendant 2. Mery Francis 3. Princey Francis 4. Celina Prabhu ... Respondents/Proposed J.Ds

2 to 4 To,R4). Celina Prabhu, F/Adult W/o.Prabhu,All are residing at No.27, Sripuram Colony, St. Thomas Mount, Chennai-600088 Please take notice that the above application to implead the Respondents 2 to 4 as legal heirs of the deceased 151 Respondent is posted to 08.09.2021 at 10.30 a.m for your appearance. You are required to enter appearance either in person or through your counsel. Failing which the said application will be decided in your absence in accordance with law.

M.V.Seshachari Advocate for Petitioner/

Decree Holder

ெபய$ மா'ற) AADESH A.JAIN, த+ைத

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5. EெமHEIைலbH வEவJ/V ப�Yகைள ைவJ/qXY) உZF-ன$கl த�கl �<ன|சV QகவIைய ச)ப+தFபHட ெடபாWHடIக~V ப/^ ெச�¦மாZ ேகHLXெகாlளFபL]றா$கl. கா]த வEவJ/V ப�Yகைள ைவJ/qXY) உZF-ன$கl த�கl �<ன|சV QகவI ம'Z) ெமாைபV எfைண �ZவனJ/< ப/வாள$ ம'Z) ப�Y பIமா'ற Qகவ$கl ேக�ேயா கா$FபேரH ச$�சb ��ெடH investor@cameoindia.com உட< த�கl �<ன|சV QகவIைய ப/^ ெச�¦மாZ ேகHLXெகாlளFபL]றா$கl. ஒqேவைள EெமHEIைலbH/கா]த வEyV ப�Yகைள ைவJ/q+தாV ப/வாள$ ம'Z) ப�Y பIமா'ற Qகவ$ ம'Z) /அVலD �ZவனJDடனான அைனJD கEதF பIமா'ற�க~_) உZF-ன$கl த�கl E- ஐE ம'Z) வாEXைகயாள$ ஐE /ேபா�ேயா எf ஆ]யவ'ைற Y�F-LமாZ ேகHLX ெகாlளFபL]றா$கl.

6. ேம'u�ய சHட), y/கl, ஒx�YQைறகl ம'Z) �'ற�Xைகக~< w� உlள ேதைவக�XY ஏ'ப, வqடா+/ர ெபாDXuHடJ/V பIவ$Jதைன ெச�யFபட ேவfEய அ_வVகl �<ன¢ வ�க~V பIவ$Jதைன ெச�யFபL). உZF-ன$கl (கா]த ம'Z) �<ன¢ வEவJ/V ப�Yகைள ைவJ/qJதV) வqடா+/ர ெபாDXuHட அ�yF-V Y�F-டFபHLlள அைனJD ¤$மான�க~_), வqடா+/ர ெபாDXuHட ேத/XY Q< ெதாைல£ர �<ன¢ வாXYFப/^ �ல) வாXக~XY) வச/ வழ�கFபL]றD ம'Z) ெதாைல£ர �<ன¢ வாXYFப/y< �ல) வாXக~Xகாத உZF-ன$கl வqடா+/ர ெபாDXuHடJ/<ேபாD �<ன¢ வாXYFப/^ �ல) வாXக~Xகலா). �<ன¢ வ�க~V வாXக~Fபைத எ~தாXYவத'காக அ�wகIXகFபHட Qகவராக ேநஷனV ெசXzI{b ெடபாWHடI ��ெடH (எ<எbEஎV) ேசைவக�XY க)ெபk ஏ'பாL ெச�DlளD.

7. ெதாைல£ர �<ன¢ வாXYFப/^ ஞாU'ZX]ழைம, ெசFட)ப$ 26, 2021 அ<Z காைல 9.00 ம�XY ெதாட�], ெசÆவா�X]ழைம, ெசFட)ப$ 28, 2021 அ<Z மாைல 5.00 ம�XY QEவைட]றD. இ+த காலகHடJ/V, கH ஆF ேத/யான cத<]ழைம, ெசFட)ப$ 22, 2021 அ<Z கா]த வEyV அVலD EெமEIயைலbH வEவJ/V ப�Yகைள ைவJDlள �ZவனJ/< உZF-ன$கl �<ன¢ QைறUV த�கl வாXYகைள அ~Xகலா).

8. வqடா+/ர ெபாDXuHட அ�yFைப அ�F-ய -றY ஆனாV கH ஆF ேத/யான cத<]ழைம, ெசFட)ப$ 22, 2021 அ<ேறா அVலD அத'Y Q<னேரா �ZவனJ/V உZF-னரான ஒq நப$ �<ன|சV QகவI evoting@nsdl.co.in �ல) எ<எbEஎV–_XY ேகாIXைக அ�Fபலா). எk�) ெதாைல£ர �<ன¢ வாXYFப/y'கான ஏ'கனேவ எ<எbEஎV–V அவ$ ப/^ ெச�/q+தாV அவரD த'ேபாைதய உபேயாக ஐE ம'Z) பாbேவ$ைட வாXக~Xக பய<பLJதலா).

9. உZF-ன$கl e–-AGMV கல+D ெகாlளலா) அVலD அவ$க~< ெதாைல£ர �<ன¢ வாXYFப/^ உlÇைழ^ சா<ZகைளF பய<பLJDவத< �ல) NSDL வழ�Y) https: //www.evoting. nsdl.comV வqடா+/ர ெபாDXuHட ேநரE ெவFகாbைடF பா$Xகலா). இ+த ெவFகாbH வச/ைய பய<பLJத உZF-ன$கl ஊXYyXகFபL]றா$கl.

10. �ZவனJ/< உZF-ன$ ப/ேவL ம'Z) ப�Y பIமா'றF ப/^கl yயாழX]ழைம, 23 ெசFட)ப$ 2021 QதV cத<]ழைம, 29 ெசFட)ப$, 2021 வைர (இq நாHக�) ேச$JD) �டFபHEqXY).

11. உZF-ன$கl கவனJ/V ெகாl�மாZ ேகHLXெகாlளFபL]றா$கl:

* ெசFட)ப$ 28, 2021 அ<Z மாைல 5.00 ம�XYF -றY ெதாைல£ர �<ன¢ வாXYFப/^ ெதாY/ QடXகFபL).

* ஒq ¤$மானJ/< ¥D வாXெகLFc நடJதFபHட^ட<, அைத மா'Zவத'Y உZF-ன$ அ�ம/XகFபட மாHடா$;

* �<ன¢ வாXYFப/^Xகான வச/ வqடா+/ர ெபாDXuHட காலJ/_) உZF-ன$க�XY ]ைடXக ேவfL), இD ெதாைல£ர �<ன¢ வாXYFப/^ காலJ/V வாXக~Xக QEயாத உZF-ன$க�XY ]ைடXக ேவfL).

* வqடா+/ர ெபாDXuHடJDXY Q< ெதாைல£ர �<ன¢ வாXYFப/^ �ல) வாXக~Jத உZF-ன$க�) e-–AGMV கல+D ெகாlளலா)/ப�ேக'கலா), ஆனாV அவ$கl ¥fL) வாXக~Xக உIைம இVைல;

* கHஆF ேத/யான cத<]ழைம, ெசFட)ப$ 22, 2021 அ<Z உZF-ன$கl ப/ேவL அVலD ெடபாWHடIகளாV பராமIXகFபL) ந<ைம பயXY) பயனா~க~< ப/ேவHEV ப/வா] உlள ெபயIV உlள நப$ ம'Z) அÆவாZ ெச�ய தைட y/XகFபடாதவ$கl வqடா+/ர ெபாDXuHடJ/<ேபாD ெதாைல£ர �<ன¢ வாXYFப/^ ம'Z) �<ன¢ வாXYFப/^ வச/ையF ெபற உIைம உfL.

12. அைனJD உZF-ன$க�XY) �<ன¢ வாXYFப/y'கான Qைற ம'Z) நைடQைற அ�yF-V Y�F-டFபHLlளD. �<ன¢ வாXYFப/^ ெதாட$பான ஏேத�) yனவV ஏ'பHடாV, உZF-ன$கl அEXகE ேகHகFபL) ேகlyகl (FAQs) ம'Z) www.evoting.nsdl.com< ப/yறXகF -IyV ]ைடXY) ப�Yதார$க�Xகான �<ன¢ வாXYF பயன$ ைகேயHைடF பா$Xகலா) அVலD கHடண�Vலா எf: 1800 -–222–990/ 1800–224–430 அVலD ெதாைலேபW எf 91 22 24994545V ெதாட$c ெகாlளலா) அVலD /qம/ பVலy மJேர, ேமலாள$, NSDL, வ$Jதக உலக), ஏ y�, 4 வD மாE, கமலா �Vb கா)FளXb, ேசனாப/ பாபH மா$X, ேலாய$ பேரV, Q)ைப - 400 013 அவ$க�XY ஒq ேகாIXைகைய அ�Fபலா). மா'றாக, உZF-ன$கl corporate@qflexcable.comV, க)ெபk ெசயல$ /q. -.ராஜா ேசகர< அவ$க�XY எxதலா).

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