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Date: July 15, 2020
The Manager – Listing
BSE Limited
(BSE: 542726)
The Manager – Listing
National Stock Exchange of India Limited
(NSE: INDIAMART)
Subject: Intimation of Publication of the Notice of the Board Meeting
Dear Sir/Madam,
This is to inform you that, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, the Company has duly published the Notice of Board Meeting
scheduled to, inter-alia, consider and approve the Audited Financial Results of the Company for the
quarter ended June 30, 2020.
Please find enclosed a copy of the newspaper publication, in this regard, as published in the
following newspapers on July 15, 2020:
• Mint (English Language National Daily Newspaper – All India) and
• Hindustan (Hindi Language Daily Newspaper – Delhi).
Submitted for your information and records.
Yours faithfully,
For Indiamart Intermesh Limited
(Manoj Bhargava)
Sr. Vice President (Legal & Secretarial),
Company Secretary & Compliance Officer
Encl: As above.
NEWS WEDNESDAY, 15 JULY 2020NEW DELHI 09
Wholesale inflation dips for third straight month
WPI inflation contracted 1.81% in June against a 3.21% contraction in May
Yatra.com partners with upGrad to enter edutech segment
bit.ly/2OqEFzj
On Tuesday, the Insurance Regu-latory and Development Authorityof India (Irdai) issued a circular witha series of instructions aimed at dis-couraging healthcare providersfrom taking large sums of money asdeposits from patients and denyingthem cashless claims.
“It is clarified that the policyhold-ers are entitled to cashless facility atall such network providers (hospi-tals) with whom the insurance com-pany/TPA (third party administra-tor) has entered into an agreementin accordance to the norms of ser-vice level agreement (SLA),” saidIrdai in its circular.
In case of denial of cashless facil-ity, it said, policyholders can file acomplaint by writing to the griev-ance redressal officer of the insurer,the details of which would be on thecompany’s website.
Insurers have been told to put inplace an exclusive grievanceredressal mechanism to addresscomplaints relating to the denial ofcashless claims.
In cases where a policyholder’sinterests have been adverselyaffected because of the conduct of
FROM PAGE 1
the hospital, Irdai said these shouldbe immediately reported to theappropriate government agencies inthe state or area.
The regulator directed all generaland standalone insurance compa-nies as well as third-party adminis-trators or TPAs, who process insur-ance claims, to publish a list of hos-pitals on their websites.
All these hospitals shall providecashless claims facilities for all treat-ments, including covid-19, it said.
Hospital representatives said ear-lier that several insurers have notrevised their cashless agreement
rates in the last four years and, giventhe medical inflation, the old ratesare untenable.
Also, due to the pandemic, hospi-tals are cash-strapped, and thefinances only get worse if insurersdon’t settle claims on time.
Insurance experts Mint spoke tosaid Irdai can only issue an advisory,on the basis of which insurancecompanies can negotiate with hos-pitals. However, hospitals cannot beforced to comply with the circular.
“There are dialogues going onbetween hospitals and insurers onthis as well as standardizing rates inline with the prices prescribed bythe general insurance council.Negotiations and discussions withnetwork providers are the onlysolutions,” said the chief under-writing officer of a general insur-ance company, who didn’t want tobe named.
In normal circumstances, policy-holders have the option of choosinga hospital. But given the high infec-tion rate for covid-19, finding a hos-pital bed has become a task in itselfand experts said in such a situation,some amount of regulatory inter-vention could help in the negotia-tion process.
Hospitals can’t deny cashless claims tocoronavirus patients, says regulator
Given the high infection rate, finding
a hospital bed has become a task in
itself, said analysts. AFP
25.24% in just 11 weeks. ForAmbani, the investments havehelped Reliance Industriesturn net debt-free before theMarch 2021 deadline. For thecountry, the deals have posi-tioned India as a hot-spot forM&A this year, accounting formore than 12% of thoseannounced in the Asia-Pacific—the highest ratio since atleast 1998, B l o o m b e r greported.
FROM PAGE 1 Facebook has invested $5.7billion in Jio Platforms inApril; Microsoft’sventure fund M12said last month itwould open anoffice in India topursue invest-ment opportuni-ties focusing onB2B softwarestartups. Earlierthis year, Amazonsaid it would invest an addi-tional $1 billion in India. Intel
has announced an investmentof ₹1,894.50 crore for a 0.39%
stake in Jio Plat-forms.
On Monday,Google said itplans to invest $10billion in Indiaover the next 5-7years by way ofequity invest-ments, partner-ships, and other
arrangements to “acceleratedigitization” in the country.
Google, Facebook, and Ama-zon.com Inc. are pumping bil-lions of dollars into India to lay the foundation for future growthin one of the world’s last major relatively untapped internet markets. With just half of India’sbillion-plus people having access to internet, it is an attract-ive growth market as companiesprepare to tap the next 500 mil-lion for services such as video streaming, search, cloud host-ing, and digital payments.
Google dials Jio for $4 bn Platforms stake
Google plans to invest $10 bn in
India over 5-7 yearsby way of equity investments, tie-
ups, and other arrangements
Wholesale food inflation, however, picked up marginally in June to 2% from 1.1% in May.
Asit Ranjan Mishra
NEW DELHI
India’s wholesale price index inflationcontracted for the third consecutivemonth in June, official data showed onTuesday, even though the rate ofdeflation narrowed compared with
the preceding month. The price of crudeoil fell drastically during June, while man-ufacturers continued to lose pricingpower as consumer demand waned amidthe unfolding coronavirus pandemic.
Data released by the industry depart-ment showed that wholesale price index(WPI) inflation contracted 1.81% in Juneagainst a 3.21% contraction in May. Duringthe month, crude petroleum prices sof-tened 41.4% from a year ago, while fuelprices also eased by 13.6% from their levelsa year earlier.
Ten out of the 17 categories of manufac-tured products listed in WPI includingtextiles, wood, chemicals and basic metalssaw a contraction in prices as bothdemand and supply remained constraineddue to coronavirus-related issues.
Wholesale food inflation, however,picked up marginally in June to 2% from1.1% in the preceding month.
Retail price inflation released on Mon-day showed food inflationeased to a nine-month low of7.87% in June while headlineretail inflation at 6.09%released after a gap of twomonths came surprisinglyhigher than the pre-coronavi-rus print of 5.84% for March.
Aditi Nair, principal econo-mist at Icra Ratings, said the divergencebetween food inflation at the wholesaleand retail level remained substantial inJune even after narrowing considerably,pointing to the continued varied dynam-ics driving food prices as the countryemerges from the lockdown. “With vege-table prices rising sharply in the recent
weeks, the uptick in wholesale food infla-tion may continue in July,” she added.
Traditionally, retail and wholesale priceinflation have followed different trajecto-ries because CPI and WPI are two differ-ent sets of indicators with varied composi-tions. Manufactured items have the high-
est weight of 64.23% in WPI, while fuelgroup and primary articles have 13.15%and 22.62% weight, respectively. On theother hand, food and beverages have thehighest weight of 54.18% in CPI, while ser-vices sectors such as health, education andamusement have a combined weight of27.26%. However, retail food inflation
often mimics wholesale food inflationwith a lag as price rises are first reflected inthe wholesale market before the retailmarket.
While retail inflation remains elevatedabove the upper limit of the tolerancelevel of the central bank, most analysts
believe the Reserve Bank ofIndia may continue to priori-tize growth over inflation inthe medium term and mayfurther cut its policy rate in itsmonetary policy committee(MPC) meeting next month.The MPC has cut the policyrate cumulatively by 135 basis
points between February 2019 and theonset of the pandemic.
“The smaller disinflation in the head-line and core WPI, as well as a CPI inflationprint in excess of the medium-term targetrange, are unlikely to outweigh growthconcerns when the MPC deliberates onthe course of monetary policy,” Nair said.
MUTED DEMAND
IN JUNE, crude prices softened 41.4% y-o-y, while fuel prices also eased by 13.6% y-o-y
TEN out of 17 classes of manufactured goods listed in WPI saw contraction in prices owing to covid
RETAIL price inflationdata showed that food inflation eased to a nine-month low of 7.87% in June
BLOOMBERG
davp 54103/11/0034/2021
Pursuant to Regulation 29(1)(a) of the Securities and Exchange Boardof India (Listing Obligations and Disclosure Requirements)Regulations, 2015, notice is hereby given that ameeting of the Board ofDirectors of the Company will be held on Monday, July 27, 2020, toconsider and take on record theAudited Financial Results (Standalone& Consolidated) for the first quarter (Q1) ended onJune30, 2020.
Notice of the BoardMeeting is also available on thewebsite of the stockexchanges www.nseindia.com & www.bseindia.com and on thewebsite of theCompanywww.bharti-infratel.com .
For Bharti Infratel LimitedSd/-
Samridhi RodheCompany Secretary
Place : New DelhiDate : July 14, 2020
NOTICE
BHARTI INFRATEL LIMITEDCIN: L64201HR2006PLC073821
Regd. Office: 901, Park Centra, Sector 30, NH-8,Gurugram, Haryana- 122001
T.: +91-124-4132600 , F.: +91-124-4109580Email id: [email protected]: www.bharti-infratel.com
INFORMATION REGARDING THE 15TH ANNUAL GENERAL MEETINGNotice is hereby given that the 15th Annual General Meeting (“AGM”) of PC JewellerLimited (the “Company”) will be held on August 7, 2020 at 1:00 P.M. (IST) throughVideo Conferencing (“VC”) / Other Audio Visual Means (“OAVM”), in compliance withapplicable provisions of the Companies Act, 2013 and the Rules made thereunderread with General Circulars Nos. 20/2020 dated May 5, 2020, 14/2020 dated April8, 2020 and 17/2020 dated April 13, 2020 issued by Ministry of Corporate Affairs(hereinafter collectively referred to as “MCA Circulars”), to transact the businessspecified in the AGM Notice.In view of the prevailing situation, owning to the difficulties involved in dispatchingof physical copies of the Notice and Annual Report and pursuant to MCA Circularsand SEBI Circular SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020, 15th
AGM Notice along with Annual Report 2019-20 shall be sent only through electronicmode to those Members whose e-mail Id’s are registered with the Depository / theCompany’s Registrar & Transfer Agent (“RTA”) - KFin Technologies Private Limited(“KFin”). AGM Notice and Annual Report will also be available on the Company’swebsite www.pcjeweller.com, websites of BSE Limited and National Stock Exchangeof India Limited at www.bseindia.com and www.nseindia.com respectively and alsoon the website of KFin at https://evoting.karvy.com.Members will be able to cast their vote electronically on the business specified in theNotice of the 15th AGM either during remote e-voting period or during the AGM (whene-voting window is activated). If your e-mail Id is registered with the Depository /RTA, the login details for remote e-voting will be sent on your registered e-mail Id.Please note that same login details are required for participating in the AGM throughVC / OAVM and vote on the resolutions during the AGM. The instructions for e-votingand attending the 15th AGM through VC / OAVM are provided in the AGM Notice.If a Member is already registered with KFin for e-voting, he / she can use his / herexisting User ID and Password.Members, who have not yet registered their e-mail ID’s and updated their bankaccount details, are requested to do the same by following the procedure givenbelow:1. Members holding shares in demat form can register their e-mail Id’s and update
bank account details by contacting their respective Depository Participant(s) andfollowing the procedure advised by them.
2. Members holding shares in physical form can send a request to KFin at the emailID – [email protected] providing Folio No., Name of Member, e-mail Id,scanned copy of share certificate (front and back) and self – attested scannedcopy of Pan Card, for registering their e-mail Id. Additional details like name ofthe bank, branch of the bank, bank account type, bank account number, 9 digitMICR code, 11 digits IFSC code and scanned copy of cancelled cheque will berequired for updating bank account details.
The Company has also made available an e-mail registration facility to its Membersthrough KFin, for the limited purpose of receiving notice of the 15th AGM and AnnualReport 2019-20 in electronic mode. Members are requested to access the linkhttps://ris.kfintech.com/email_registration/ to register their e-mail Id.
By order of the Board of DirectorsFor PC Jeweller Limited
Sd/-Place: Delhi (VIJAY PANWAR)Date: 14/07/2020 Company Secretary
PC Jeweller LimitedRegd. Off.: C-54, Preet Vihar, Vikas Marg, Delhi-110092Phone: 011-49714971,Website:www.pcjeweller.comFax: 011-49714972, E-mail: [email protected] Identity Number: L36911DL2005PLC134929
T H E M O S T A W E S O M E B U S I N E S S D A I L Y T H E R E I S .
Business of Life
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