The Economic Times - Mumbai, 2/21/2020 Cropped page Page: 13

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THE ECONOMIC TIMESMUMBAIFRIDAY | 21 FEBRUARY 2020WWW.ECONOMICTIMES.COM

Economy: Macro, Micro & More

� Air India Extends Suspension of China, HK Flights till June

MUMBAI National carrier Air India hascancelled its flights to China and HongKong till June due to Covid-19 outbreak,reports Our Bureau. The airline had

earlier cancelled flights till March-end, but hasextended it till June. Meanwhile, airlines from Chinaare also not operating full flights to India. However,flights from Hong Kong continue to fly to to India,carrying about 400 passengers daily, who are beingchecked at airports for the novel virus.

� Ajay Devgn Ad for Dabur, HUL Rexona Get ASCI Flak

MUMBAI Actor Ajay Devgn’s ad for DaburBabool Ayurvedic Paste and HindustanUnilever’s campaign for Rexona Whiteningwere among the marketing efforts found as

“misleading” by Advertising Standards Council of India(ASCI), a self regulatory body of advertisers. The Daburcampaign on TV and Youtube had a message in Hindiwhich alleges that ordinary white toothpastes arecheating consumers and the cheating will stop by usingits toothpaste, a statement by ASCI said.

� Fixed Broadband Speed Dips inIndia in January: Ookla Report

NEW DELHI Mean download speeds onfixed broadband network in India slipped to38.84 megabit per second (Mbps), but thethe same on mobile network improved

slightly to 11.58 Mbps in January, a report released byOokla said on Thursday. Ookla's Speedtest Global Indexcompares internet speed data from around the worldeach month, and the data for same comes from teststaken by people using Speedtest application.

� JLR Shelves Plan to Sell USDollar Bonds to Raise Cash

LONDON Jaguar Land Rover Automotivehas shelved plans to issue a US dollar bondafter investors demanded too high aninterest rate to compensate for the risk the

coronavirus poses to the luxury carmaker, accordingto people familiar with the matter. Jaguar hired Bankof America Merrill Lynch to meet investors in the USlast week ahead of a potential sale of new bonds, anddays after warning the deadly virus outbreak wasimpacting its supply chain.

� ‘Investments in Fintech CosDoubled to $3.7 billion in 2019’

NEW DELHI Investment in financial tech-nology (fintech) ventures in India nearlydoubled to $3.7 billion in 2019, making thecountry the world's third largest fintech

market, as per an Accenture analysis of data from CBInsights. The number of dealswas up slightly to 198 last yearfrom 193 in 2018, it added.Investments in paymentscompanies more than tripled,while funding into insur-techsrose 74% to $510 million.Investment in fintech firms rosesharply in most major marketsin 2019 led by gains in the USand UK and EMs such as Indiaand Brazil, it said.

In a Nutshell

thereunder.”In December 2019, the NAA had

upheld allegations of profitee-ring against Nestle India on thegrounds that it had not passed onthe benefits of reduction in goodsand services tax (GST) rates of itsvarious products to consumers. Ithad ordered the company to payup about 90 crore.

The NAA had said that the met-hodology adopted by Nestle topass on GST rate-cut benefit was“illogical, arbitrary, and illegal,which has resulted in unfairnessand inequality while passing onthe benefit of tax reduction”.

Nestle India had challenged theNAA order on the grounds thatthe authority had passed the or-der suo moto and not on the basisof written complaint which wasimpermissible. Further, the com-pany had said while the matterwas heard by four members, theNAA order was signed by onlythree members, and that the or-der was passed beyond the man-datory period of three months.

Nestle had already deposited `16crore in the consumer welfarefund last year on a voluntary basis.

Profiteering Charge onNestle: HC Stays NAAOrder on Unpaid Fine

Gulveen.Aulakh@timesgroup.com

New Delhi:The Delhi High Courthas given interim relief to NestleIndia by ordering a stay on the pay-ment of outstanding penalty thatthe National Anti-ProfiteeringAuthority (NAA) had directed thelocal arm of the Swiss fast-movingconsumer goods firm to pay.

In its order dated February 10,the court said the company hadalready paid `16.58 crore out ofthe total demand of `89.73 croreand clamped a stay on the recove-ry of the balance amount.

“This interim order shall not co-me in the way of the National An-ti-Profiteering Authority in caseswhere it has suo moto taken ac-tion,” said the court. “We also ob-serve that prima facie, it appearsto us that the limitation of periodof six months provided in Rule133 of the CGST Rules, 2017 withinwhich the authority should makeits order from the date of receiptof the report of the DirectorateGeneral of Anti Profiteering, ap-pears to be directory in as muchas no consequence of non-adhe-rence of the said period of sixmonths is prescribed either inthe CGST Act or the rules framed

Authority had imposeda `90-cr fine on Nestlefor not passing on GSTcut gains to consumers

CCI NG 3.7 Product: ETMumbaiBS PubDate: 21-02-2020 Zone: MumbaiCity Edition: 1 Page: ETMCPG13 User: kailash.korade Time: 02-20-2020 23:51 Color: CMYK

Tender No. Ft CORE-OHE-TSS-GR- 294 E-TENDER NOTICE Closing Date /Time 15.03.2020 , 15:00

CAOIRE acting for and on behal' of T h e President of ndia in v te s F - lende,s agans t lender No ELCORE-OHE-TSS-GR-294 , Closing Date/Time 16 .03.2020 , 15:00 Hrs . Bidders w i l he able to submit their originali revised bids uptoclosing date and time only. Manual offers are notallowed against this tender , and any such manual offer received shall beignored. Contractors are allowed to make payments against this tender towards tender document cost and earnestmoney only through only Payment modes available on IREPS portal like net banking , debit card , credit card etc.Man uapaym e nts through Demand draft , Banker cheque . Deposit receipts . FDR etc. are not allowed.1. NIT HEADER

Name of Wor k J "Design Supply, Erection , Testing & Commissioning of 25 KV, 50 Hz , S ingle Phase, AC, Electrificationwn-ks mduding OHF & TSS as Composite Electrical Work" in Yelahanka (Excl.) - Bangarpet (Excl.) Section Gr. 294 ofBangaluru Divison of South Western Railway under RE Project Bangaluru , Total 147 RKM 1170 TKM.

Bidding Type Normal Tender

Tender Type Open Bidding System Two Packet SystemTender Closing Date , Time 16.03.2020, 15:00 Date , Time of Uploading Tender 18.02.2020, 18:47Pre-Bid Required No Pre-Bid Query Date Time Not ApplicableAdvert ised Value (Rs.) T 391863585.19 Tendering Section OHEBidding Sty le Single Rate for Each Schedule Item. Bidding UnitEarnest Money (Rs.) T 2109300.00 Validit y of Offer (Days) 60Tender Doc. Cost (Rs.) z 10000. 00 Period of Completion 15 MonthsContract Type Works Contract Category Expenditure

Bidding Start Date 02 03.2020 Are Joint Venture (JV) vesFirms allowed to bid

Ranki ng Order for Bids t t F a - r s l Expenditure Typef

Expression of Interest GloballyNotice No. 02/ EE/SE(SWM)/AC(Sanitation).

/GHMC/2019 -20, Dt.20.02.2020GHMC invites the EOI proposal from the Interested firms/ companies /agencies having experienced in treatment ofwaste water and qualified applicants for short listing of service providers for treatment for legacy leachate atIntegrated treatment facility of GHMC at Jawaharnagar(V), Medchal Dist , Telangana State". The EOl applicat ionmay download GHMC website http://ghmc.gov.in. attender section and the following is the schedule.

Event Date & Time In case of any queries please contactDocument download start date & time :20.02.2020 from 1600 hrs Sri. R. Sreenivasa Reddy, ExecutivePre-conference :28.02.2020 at 1100 hrs Engineer (SWM), GHMC at +91-703

Last date for submission of Eol response :06.03.2020 at 1530 hrs 291 1018 SuperintendingOpening of Eol responses :06.03.2020 1600 hrs onwards Engineer (SWM), GHMC

Asian Paints LimitedCIN:L24220MH1945PL0004598

Regd. Office : 6A , Shantinagar, Santacruz (East), Mumbai-400 055website : www.asianpaints.com; small: investor.relations@asianpaints.com

Tel. No.: (022) 6218 1000 Fax No.: (022) 6218 1111

NOTICENOTICE is hereby given that pursuant to Regulation 29 and 42 read with Regulation 47 of the SEBI (ListingObligations and Disclosure Requirements) Regulations , 2015, a meeting of the Board of Directors of theCompany will be held on Tuesday, 25'" February , 2020 , inter alia, to consider and approve payment ofsecond interim dividend, if any, for the financial year ending 31" March , 2020.The record date for payment of second interim dividend, if declared, will be Wednesday, 4 March, 2020.This intimation is also available on the website of the stock exchanges, BSE Limited (www.bseindia.com)& National Stock Exchange of India Limited (www.nseindia.com) where the Company's shares are listedand on the Company's website (www.asianpaints.com).

For and on behalf of ASIAN PAINTS LIMITED

Sd/-Place Mumbai R J JEYAMURUGANDate : 19" February, 2020 CFO & COMPANY SECRETARY

CONSTRUCTION WORKe-Tender Notice No. ETCECONIBBS2020012 ,

Dated : 14.02.2020CONSTRUCTION OF NEW B.G.

LINE BETWEEN TALCHER - BIMALAGARHEXECUTION OF P.WAY WORKS SUCH ASLINKING OF TRACK, INSERTION OF POINTS &CROSSINGS , TRANSPORTATION OF P.WAYMATERIALS. SUPPLYING, LEADING ANDSPREADING OF BALLAST, FORMATIONDRESSING AND OTHER CONNECTEDWORKS BETWEEN KM .17.637 TO KM.4$.125(I.E EXCLUDING SUNAKHANI YARD ANDINCLUDING KHAMAR YARD) IN THESUNAKHANI - SAMAL, SAMAL-PARABIL &

PARABIL-KHAMAR BLOCK SECTIONS.

2433 .22 Lakhs , EMD .2 13.66.60C Cost of Tender Document : t 11.8 U Completion Period of the work(Eighteen) Months.r .

At 1200 hrs of 16.03 2020

No manual offers sent by PosUCou' e lFax or in person shall be acceptedagainst such e-Tenders even if these . esubmitted on firm 's letter head areceived in time. All such manual off , shall be considered invalid and s h a l C , zrejected summari l y without , ,

consideration.Complete information including a-te n. 'documents is available in w rn s . t ch ttp :llwww. i reps.g oy. i n.

The tenderer offering lower total cos: as.compared to tender value by more the10% shall be required to suh n- tadditional Performance Guarantee ctvalue equal to percentage oftenderva cby which offer is lower than 10 12 cacceptance of the offer.NOTE : The prospective tenderers a eadvised to revisit the website 15 d-before the date of dosing of t e r d rto note any changes / corrigenda iss. clfor this tender.

Chief Administrative Officer (Con)/Pill. PR-125/ CC/ 19-20 1 Bhubaneswar

Open Tender Not iceNo. EL/ TRD /50/NIT (2019-20)

The Divisional Railway Manager(Traction Distribution) WCR , Kotaand on behalf of president of Indiainvite sealed open tender forfollowing works:. (1) Tender No.and Name of work - EL / TRD /

50/08 (2019-20) Hiring of one (Fourwheeler ) Non AC vehicle forDEE/TRD/Kota at kola of KotaDivision for period of 24 months.A pprox imate cost - Rs .6,88 ,152/- , (2) Tender No. andName of work - EL/TRD/50/09(2019-20) Hiring of one (Fourwheeler ) Non AC vehicle forADEEITRD/BTE at Bharatpur ofKota Division for period of 36months. Approximate cost - Rs.10,86 ,3721-, (3) Tender No. andName of work - EUTRD/50/10(2019-20) Electrification with 25KVAC overhead equipment overBallast Siding at BTE & BXNs t a t i o n s of kola d i v i s i o n .A p p r o x i m a t e cost - R s .52,06,924.97/- , For all AboveNITs Tender Date and t imeClosing - 18/03/2020 - 15:30 hrsOfficial Web site and Addresshttp:// www.ireps.gov.in, Address -Senior Div is ional E lect r ica lEngineer/ Traction Distribution , 1stFloor, DRM Office, West CentralRailway, Kota-324002.

For Sr.Dlvlslonal Electrical Engineer(Traction Distribution) WCR . Kota

ADVERTISING RIGHTS FOR DISPLAY ADVERTISEMENTTHROUGH FULL VINYL WRAPPING OF MEDHA RAKESExecutive : Sr. DCM , Tender Notice No.CA11 _ E x t e r n a l _ 10 R a k e s -2 0 2 0 .Dated :- 1810212020 . Work and location:Tender for adverting rights for display ofadvertisement through full viny l wrappngon entire exterior of 10 Medha rakes for aPeriod of 5 years . Approx, cost of workfor 5 years : 714 , 21 ,76,1751- . EMD:728,43 ,6001-. Site where Tender formavailable : www.ireps .gov.in . Data & Timeof submission & opening : 20. 03 .2020 at15.00 hrs . For more details please visd ourwebsitc www.ireps.ooyin.

PEGASUS ASSETS RECONSTRUCTION PRIVATE LTD.55-56, 5" Floor , Free Press House , Nariman Point .

ASILZ Mumbai-400 021.Phone No. : (022 ) 6188 4700Emai l sys@pegasus -arc.com URL : wwwpegasus -arc.com

E- Auction Sale Notice for Sale of Immovable Property under theSecuritisation and Reconstruction of Financial Assets and Enforcement of

Security Interest Act, 2002 read with proviso to Rule 8 (6) of the SecurityInterest (Enforcement ) Rules , 2002.

Notice is hereby given to the public in general and in particularto the Borrower(s)and G u a r a n t o r ( s) t h a t the b e l o w d e s c r i b e d i m m o v a b l e p rope r t ymortgaged / charged to the Secured Creditor , being Pegasus AssetsReconstruction Private Limited acting in its capacity as Trustee of Pegasus GroupThirty Two Trust- I (Pegasus ), having being assigned the dues of the belowmentioned borrower along with underlying security interest by Abhyudaya CoOperative Bank Ltd. vide Assignment Agreement dated 30/06/2017 under theprovisions of SARFAESI Act .In view of the aforesaid Assignment Agreement the physical possession of thebelow mentioned mortgaged property has been taken by the Authorised officer ofPegasus being Secured Creditor , will be sold on 'As is where is" , "As is what is ,and 'Whatever there is" on 12/03/2020 for recovery of Rs.9 ,77 ,21 ,937.50/-(Rupees Nine Crores Seventy Seven Lakhs Twenty One Thousand NineHundred Thirty Seven and Paise Fifty Only) as on 30/04/2014 plus interest atcontractual rate plus costs , charges , expenses thereon , till payment realization ,anytime before the said sale due to PegasusAssets Reconstruction Pvt. Ltd . fromMls. Days Builders, Mr. Dhansukh D. Shah , Mr. Vijay D. Shah , Mr. Kirit D.Shah, Mr. Haresh D. Shah and Mr . Kiran D. Shah . The Reserve price will beRs.17 ,92 ,05 ,000/- (Rupees Seventeen Crore Ninety Two Lakh Five ThousandOnly) and the Earnest Money Deposit will be Rs . 1, 79 , 20, 500/- (Rupees OneCrore Seventy Nine Lakhs Twenty Thousand Five Hundred Only)Description of Immovable Property which is being sold:

Name of the M/s . Days BuildersBorrower/Guarantor : Mr. Dhansukh D. Shah

Mr. Vijay D. ShahMr. Kirit D. ShahMr. Haresh D. ShahMr. Kiran D. Shah

Outstanding Dues: Rs.9 ,77,21 ,937.50/- (Rupees Nine Crones Seventy SevenLakhs Twenty One Thousand Nine Hundred Thirty Sevenand Paise Fifty Only) as on 30/04/2014 with further interes t,w.e.f. 01/05/2014 plus costs, charges and expenses thereon

Description of Entire building called DAYA SARITA"C" Wing consistngImmovable Property: of Basement Ground Floor plus 2 stories Building

constructed or to be constructed on plot of land bearngSurvey No.262 , Hissa Nos.1 , 2 & 3 bearing CTSNo.658 /A of Village Malad (E), Gokuldham, Goregaon(E), Mumbai - 400 063 admeasuring aggregate built inarea about 14852 sq . ft or thereabout bounded asfollows : On or towards the East - Daya Santa 'B" Wing,On or towards the West - "Days Sagar Building, On ortowards the North - Plot S. No. 261 (Part), On or towa rd sthe South - Daya Santa "A" Wing.

CERSAI Asset ID- 200007837738

Reserve Price Rs. 17 ,92 ,05 ,000/-

Earnest Money Deposit Rs. 1,79,20 ,500/-

Claims , if any, which Not Knownhave been put forwardagainst the propertyand any other duesknown to Securedcreditor and valueInspection of Property On 28 /0212020 and 06/03/2020 between 3.00 pm to

5.00 pm . Contact No . 9619422209/9699534999

Last date for 1110312020 till 4:00 pmsubmission of Bid/Bid:

Time and Venue of Bid E-Auction/ Bidding through websiteOpening (https ://sarfaesi .auctiontiger.net) on 12/03/2020 from

11.00 am to 1:00 pm.

For detailed terms & conditions of the sale , please refer to the link provided inSecured Creditors website i .e. http :// www .pegasus-arc.com/assets-to-aucbon.htmlfor detailed terms & conditions of e-auction/sale of respective property and otherdetails before submitting their bids for taking part in the e-auction . Bidders may alsovisit the website https ://sarfaesl .auctionti ger.net or contact service provider M/sE Procurement Technologies Ltd. Auction Tiger, Ahmedabad [Help Line Nos .. 079-61200546/511; Contact Persons: Mr. Tilak Maratha, Mobile No. +91 6351896832.email: tilak@auctiontiger .net, Mr. Akash Karhe , Mobile No. +91 9833398547 , emailakash .karhe@auctiontiger.net.

Sd/ -AUTHORIZED OFFICER

Place : Mumbai Pegasus Assets Reconstruction Private LimitedDate : 21/02/ 2020 (Trustee of Pegasus Group Thirty Two Trust I)

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rotiln. (Of The Odhanmumbal Munle"I Corporation)

TENDER NOTICEe-tenders are invited for the supply of following items

(1) 67472 - MCB of Various Ratings , (2) Cable Lay ing by HorizontalDirectional Drilling (HDD) Trenchless Technology, (3) 67494 - AllisonAutomatic Transmission Fluid, (4) Wet Lease of 400 Mini AC DieselBuses , (5) 67405 (Corrigendum).Note: For more details , log on to website https ://mahatenders .gov.inPRO/AAM( M /156 /2020 GENERAL MANAGER

TCHANDRAGUPT INSTITUTE OF MANAGEMENT PATNA

CIMP (A standalone government institute in management education)PGDM approved by AICTE,accredited by NBA and recognised by AIU as equivalent to MBA

of IND/qN

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Promoting ExcNience in International Awards National Awards

( I E r o M.n N ; m.n.dt

IL7 1handragupt Institute of Management Patna roe Ived

for its high academic and social quotient.

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Chandragupt Institute of Management Patna Post Graduate Diploma in Management (PGDM)Invites app lications for two-year full-time Eligibi l i ty : The candidate must hold a Bachelor'sresidential Post Graduate Diploma in degree with at least 50% marks or equivalent CGPAManagement (PGDM ) equivalent to MBA for [45% in case of SC, ST and Differently Abled (DA)the academic session 2020 -22 and Fellow categories candidates].Programme in Management (FPM) - 2020 Apply with CAT 2019 I XAT 2020 I CMAT 2020 scores.Highlights :

Excellent placement for all the previous batches Last date to apply : 1011 March 2020

Hi ghl y qualified , and research driven faculty. *Felbw Programme in Management (FPM)- 2020Most of the faculty are FPM/PhDs from premier Eligibility: A Master's degree with atleast 50%institutes like IIMs , IlTs , NITIE and IRMA marks or equivalent CGPA in any discipline.Case based teaching, where majority of the Apply with valid score of CAT I GMAT I GRE I NETcases are drawn from Harvard Business Last date to apply: 31°` March 2020Publishing and Ivey Publishing Email: fpm@cimp.ac. inSuccessfully conducted 2 batches of ExecutiveProgramme in Management (EXPM) for senior Application Form and Admission Brochure can beofficials of Bihar Govt. obtained from the Institute or it can be downloadedOffers AICTE approved Fellow Programme in from our website. Applicants may also apply onlineManagement (FPM) through our website (www.cimp.ac.in).

FOR MORE INFORMATION CONTACTAdmissions Office %

CHANDRAGUPT INSTITUTE OF MANAGEMENT PATNAMithapur Institutional Area, Patna-800001, Bihar

Tel: 0612-2366015/2366021, 9693223405Email: admission@cimp.ac.in, Website: http ://www.cimp.ac.in

IIMs and XLRI have no role either in the selection process or in the conduct of the programme.

-77

TENDER NOTICEDirectorate of Sugar Dept of Food and public Distribution Govt. of India has vide its

circular F.No 1(14)12019-SP-I dated 12/09/2019 & 16/09/2019 has decided to allowexport of all grades of sugar namely raw, plantation white as well as refined underMAEQ (Maximum Admissible Export Quota).

E-tenders for quantity approx 100000MT are invited from experienced ExportHouse/Merchandise , Govt/Cooperative Institutions (In which State Govt./CentralGovt. has/have invested share capital and such institutions having valid Importer'Exporter code and experience of sugar export) from 15/02/202006.55 PM onwards topurchase the quantity of Sugar from Cooperative sugar mills of Uttar Pradesh andarrange its export as per above mentioned notification under MAEQ and stipulatednorms on the basis of as it is where it is.Last date of submission of online tender is 25/0212020 Till 06:55PM and tenderopening date is 26102/2020 at 11:15 AM.Tender documents can be downloaded from e-tender portal https://etender.up.nic.inor Federation 's website www.upsugarfed .org. The bidders will have to deposit tenderfees (Non Refundable) of Rs. 1000/- +18% GST = Rs. 1180/- & earnest money in theform of Demand Draft! RIGS for Rs. 10.00 lacs (Rupees Ten Lacs only) in favour ofU.P. Cooperative Sugar Factories Federation Ltd. payable at Lucknow. Tenderswithout earnest money will not be accepted. The bank details are available on theuploaded tender document on page 01. The undersigned reserves the right to cancelone or all the tenders without assigning any reason. MANAGING DIRECTOR

SCHAEFFLER I N D I A LIMITED SCHAEFFLERRegd . Off ice: Nariman Bhavan, 8' Floor, 227 Backbay Reclamation,Nariman Point, Mumbai -400 021 Ph.: +9122 66814444Fax: -9122 22027022 Website: www.schaeffier.co.inE-mail: investorsupport.in@schaeffler.com CI N: L29130MH1962PLC012340

Notice is hereby given that pursuant to the provisions of the Companies Act, 2013read with the Investor Education and Protection Fund Authority (Accounting, Audit,Transfer and Refund) Rules, 2016 as amended from time to time ('Rules '), thedetails such as name, folio number / DP Id and Client Id, of the Shareholders ofSchaeffler India Limited ('Company '), who have not encashed dividend for acontinuous period of seven years (' concerned Shareholders '), from year 2012 to2018 have been uploaded on the website of the Company - www.schaeffler.co.in.The Company has completed dispatch of individual communication to theconcerned Shareholders of the Company at their latest available address.The Rules require the Company to transfer, the shares of the concernedshareholders held in physical form or in demat form , to IEPF DematAccount.The concerned Shareholders are therefore informed to promptly contact theCompany at the registered office or the Registrar and Share Transfer Agent of theCompany - M/s. Link Intime India Private Limited at BTower, 102 and 103, ShangrilaComplex, 1st Floor, Opp. HDFC Bank, Near Radhakrishna Char Rasta , Akota ,Vadodara - 390020, Tel No.: 0265-2356573 , e- mail: iepf.shares@linkintime .co.in toclaim the unpaid dividend.The concerned Shareholders are requested to note that the shares transferred toIEPF Demat Account can be claimed back from the IEPF Authority after followingdue procedure prescribed under the Rules.

For Schaeffler India Limited

Pune I February 21, 2020 Sd/-Chirag K. ShuklaCompany Secretary

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Central Bee Research and Training InstituteINVITING TENDER

Central Bee Research & Training Institute , KVIC Pune on behalf of Chie fExecutive officer, KVIC Murnbai -56 inviting e-tender from eligible suppliersfor supply of One Nuclear Magnetic Resonance (NMR) with appropriateaccessories & Honey profiling application module for profiling honey at CBRTIPune as specified in the tender documents.Interested part ies / suppliers may visit the site r r v inand KVIC website (mppp(,kvic aov.in) the last date for submission of tende rdocuments is 27.02.2020 up to 3.00 PM Director, CBRTI Pune.

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