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4 CHENNAI | TUESDAY, 30 MARCH 2021 1>
> FROM PAGE 1
In the neighbouringKarnataka, ChiefMinisterB S Yediyurappa said the government bannedall kinds of protests in the state for 15 days, butruled out any lockdown for now. With casesjumping inMumbai, theBMChasalsodecidedto place the order for procuring 150,000 injec-tions of antiviral drug Remdesivir and othermedicalequipmenttoavoidanypotentialshort-age of medicines at hospitals, a senior officialsaid. In its order, the BMC said that no asymp-tomatic Covid-19 positive patient without anycomorbidities will be allotted a Covid bed inanypublic or privatehospital.
Lastyear, thecivicbodyhadtakenoverbedsin private hospitals and nursing homes forCovid-19patients.But, someof thesebedswerebeing utilised for non-Covid-19 patients after
thecaseloaddecreased in thepast fewmonths.Private hospitals, too, had stopped informingthe BMC about new admissions and weredirectlyadmittingCovid-19patients.Tocorrectthis, themunicipalcorporationissuedanorderon Monday, the civic body said. According toit, 100 per cent of ICUbeds at private hospitalsshall be kept reserved for war-room allotmenttoCovid-19patients only. "Nodirect admissionon these reserved beds to be taken by the hos-pitals," said the order. Only 70 per cent of hos-pital beds inMumbai are occupied and 30 percent vacant. Demand for beds is higher in pri-vate hospitals," said Additional MunicipalCommissioner SureshKakani.
WithPTI inputs
The firm has presented a safety profile fromthe phase 2 clinical study and interim datafrom the phase 3 study.
DRL partnered with the RDIF to conductthe clinical trials of Sputnik V and for its dis-tribution rights in India. The vaccine under-went a bridge trial in Indian on 1,600 people.
Sputnik V has demonstrated an efficacyrate of 91.6 per cent in the interim analysis ofthe phase 3 clinical trial, which included thedata of 19,866 volunteers in Russia, whoreceived both first and second doses of thevaccine. Sputnik V maintained an efficacy at91.8 per cent even among the group of 2,144volunteers over 60 years old, DRL claimed.
The human adenoviral vector (flu virus)-based vaccine candidate is developed by theGamaleyaNationalResearchInstituteofEpide-miology and Microbiology in Russia and wasregistered in that country in August last year.
DRL wouldmarket the vaccine in India. It
said it hoped to supply to both governmentand privatemarket.
On the pricing front, DRL has said it wasdiscussing the Indian situation with theRDIF. In India, vaccine makers like SerumInstitute of India have announced two sep-arate prices — one for the government andthe other for the private market. RDIF hadannounced a global price of $10 per dose forSputnik V earlier.
Wait forSputnikVmaygetover inafewweeks:DRL
Mumbai seesbed rationingagain asCovid casesmount
Othersattributedthedeclineinindustrialcredit tothecon-tinued slowdown in thecountry’smanufacturingandindustrialsectors.“Theman-ufacturingsectorhasbeeninthe slow lane formany yearsnow with little or no freshcapex. This greatly reducesdemand for corporate creditas loan growth is most oftentied to capacity expansionorgreenfield projects,” said GChokkalingam, founder &MD, Equinomics Research&Advisory Services.
Analysts said the slow-down in industrial and cor-porate loan may make ittoughforpublicsectorbanksto grow, and private sectorbanks will continue to grabPSBs’ share in the overallcreditmarket.
Personal loans, at theendof December 2020,accounted for nearly 29 percent of all bank non-foodcredit, up from 27.7 per centat the end ofMarch last yearand19.4percent inat theendof March 2015. The share ofindustrial credit declinedfrom 44.3 per cent in March2015 to29.8percentatendofDecember last year.
Incontrast, thedecline ininterest rates and spread oftechnology-based lendingled to a boom in retail credit.And the fastest growth waswitnessed in the unsecuredcredit segment, comprisingcredit card loans and otherpersonal loans. The share ofsecuredcredit, suchashous-ing and auto loans, hasdeclined in the overall per-sonal loanportfolio.
AccordingtotheRBIdata,housing, vehicle loans, andcredit card are the three big-gest sections of the personalloan segment. The housingsection alone accounted for52.3 per cent of all personalloans, as of December 18,2020. However, credit cardoutstanding and other per-sonal loans have grown thefastest in the past five years,while the share of housing,vehicle, and education loanshave seen a decline in theoverall personal loanpie.
Credit card outstandingaccounted for 4.1 per cent ofall outstanding personalloans in December 2020,from 2.8 per cent five yearsago. In the same period,other personal loans grewfrom 21.3 per cent of the pieto 29.6 per cent.
“The Mistry family can takethe valuation offered by theTatas and pay its debt tobanks. The court has madesure that the Tatas will noteven have a nuisance value inthe company,”Ranina said.
The court said valuationdepended upon the worth ofTataSons’ stakes in listedequ-ities,unlistedequities, immov-able assets, etc.
LawyerssaidTataGrouporits nominees could buy backthe Mistry family’s shares intranches in thenext fewyearswhile offering it an exit.
There may be investorsinterested in associating withTata Group and they can buytheMistryfamily’sshareswiththeformer’sapproval,”Raninasaid. Tata Trusts, which own66percent stake inTataSons,
cannot buy additional stakesbecause the law does not per-mitsuchtransactionsbychar-itable trusts.
Mistry Group has soughtfrom its lenders a restructur-ing of its debt worth ~23,000crore. Earlier the SupremeCourt did not allow MistryGroup to raise funds fromBrookfield by pledging TataSons shares. Lastweek’s judg-ment has not given claritywhether it can at all pledgeTata Sons shares.
Retail loansset to becomebiggestsegmentfor banks
Malegam math may holdkey to Mistry’s exit
At thesametime,once largelymechanical machines likecars have become smarter,entailing the use of manymorechips.Automotiveelec-tronics, which may includeeverything from displays toin-car systems, are set toaccount for an estimated 45per cent of a car’s manufac-turingcostby2030,accordingto a Deloitte report. The costof the semiconductor-basedcomponents used in thoseelectronics is estimated tojump to $600 by 2030 from$475 in 2020.
On the other end of thesupply chain, chipmakingcapacity has kept pace withthe growth in sales over pastyears, according toSEMIdata,suggesting buyers are takingup capacity as soon as itcomes online—a sign thatsemiconductor demand hasin general been on par withavailable productionresources. But advancedmanufacturing has becomeconcentrated in the hands offewer and fewer players.
Industry experts say animbalance is particularlyapparent inso-called200mil-limeter wafers, from whichlower-end chips are made.Those include power man-agement chips and displayICs (or integrated circuits),required in a wide range ofsectors from automotive toconsumerelectronics, butarein a short supply at themoment.
Uncertainties caused bythe pandemic also led tosharp swings in orders lastyear, which in turn muddiedthewaters forchipmakers try-ing to match capacity withdemand. That’s why car-makers have had to halt pro-duction in 2021 and whyPlaystations and Xboxes aregetting harder to find instores.
Carmakers got hit first inpart because of poor inven-tory planning. The industryunderestimated vehicle con-sumption and thus theamount of chips they neededwhen thepandemichit. Theyare now expected tomiss outon$61billionof sales thisyearalone. But TSMC executivessaid on their twomost recentearnings calls that customersacross many sectors havebeen accumulating moreinventory than normal tohedge against the unknown.
The problem gets furthermagnifiedby the fact that thecost of chipmakingandkeep-ing pace with technologyadvancements has increasedexponentially this decade—making the business of man-ufacturing semiconductors ararefied field for the deepestof pockets. As an illustration,TSMC raised its envisionedcapital expenditure for 2021by as much as 63 per cent to$28 billion, while Samsung isearmarkingabout$116billionon a decade-long project tocatch itsTaiwanesearch-rival.
Howachipshortagesnarledallthingsfromphonestocars
Format C-1(for candidate to publish in Newspapers, TV)
Declaration about criminal casesth(As per the judgement dated 25 September, 2018, of Hon’ble Supreme Court in WP (Civil) No. 536 of 2011
(Public Interest foundation & Ors. Vs. Union of India & Anr.)
Name and address of candidate
Name of Political party
Name of ElectionName of Constituency
: TRB.RAJAAS/o. T.R.BaaluDoor No.2-459 A, South Street,Thalikkottai, Mannargudi Taluk, Tiruvarur District – 614905
: DMK -DRAVIDA MUNNETRA KAZHAGAM: General Election to Tamil Nadu Legislative Assembly -2021
: 167, Mannargudi, Thiruvarur District.I, TRB.RAJAA, a candidate for the above mentioned election, declare for public information the following
details about my criminal antecedents:(A) Pending criminal Cases
(B) Details about cases of conviction for criminal offences
Name of Court
Name of Court & date(s)of order(s)
Not Applicable Not Applicable Not Applicable
JudicialMagistrate Court,Tiruvarur
Mannargudi Town Ps.Cr. No. 224/17STC No. 334/2020
Quash petitionpending before theHon’ble High Court ofMadras in (Crl.O.P.No.771/2021) againstSTC No. 334/2020
U/S 143 of the Indian Penal CodeMember of an UnlawfulAssembly etc
1
1
Sl.No.
Sl.No.
2
Case No. and dated
Description of offence(s) &punishment imposed
Status of Case(s) Section(s) of the Acts Concerned andBrief Description of Offence(s)
Maximum Punishment Imposed
JudicialMagistrate Court,Nagappattinam
Nagappattinam Town Ps.Cr. No.1276/2020
Pending U/S 341,143,269 and 270 of theIndian Penal Code Negligent,malignant act to spread infectiousdisease and wrongfully restrainingperson etc
BAJAJ FINANCE LIMITEDRDCORPORATE OFFICE: 3 FLOOR, PANCHSHIL TECH PARK, VIMAN NAGAR, PUNE-411014, MAHARASHTRA.
BRANCH OFFICE: Bajaj Finance Ltd, 1St Floor, Sb Complex, W115, 3Rd Avanue, Opp. Kandhaswamy Collage, Anna Nagar,Chennai - 600 040 POSSESSION NOTICE
Whereas, the undersigned being the Authorized Officer of M/s BAJAJ FINANCE LIMITED (BFL) underthe Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002and in exercise of powers conferred under section 13(2) read with Rule 3 of the Security Interest(Enforcement) Rules 2002, issued Demand Notice(s) to Borrower(s) /Co Borrower(s)/ Guarantor(s)mentioned herein below to repay the amount mentioned in the notice within 60 days from the date ofreceipt of the said notice. The Borrower(s) /Co Borrower(s)/ Guarantor(s) having failed to repay theamount, notice is hereby given to the Borrower(s) /Co Borrower(s)/ Guarantor(s) and the public ingeneral that the undersigned on behalf of M/s Bajaj Finance Limited, has taken over the possession ofthe property described herein below in exercise of the powers conferred on him under Section 13(4)of the said Act read with Rule 8-(1) of the said rules. The Borrower(s) /Co Borrower(s)/ Guarantor(s) inparticular and the public in general are hereby cautioned not to deal with the below said property andany dealings with the said property will be subject to the first charge of BFL for the amount(s) asmentioned herein under with future interest thereon.Name of the Borrower(s) / Guarantor(s)
(LAN No, Name of Branch)Description of Secured Asset
(Immovable Property)Demand
Notice Dateand AmountBranch: Chennai
( LAN No. 403SHL26804144 and403SHL26804875 )Borrower's: / Co – borrower's1. CHRISTOPHER SUSILRAJ S(Borrower)At PLOT NO. 3 BALAJI NAGAR 1ST MAINROAD MEDAVAKKAM CHENNAI-600100
th12 December 2020Rs. 55,35,477.00 /-(Rupees Fifty Five LacThirty Five ThousandFour Hundred SeventySeven Only)
Date: 30/03/2021 Place:-Chennai Authorized Officer Bajaj Finance Limited
U/s 13(4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of SecurityInterest Act 2002.Rule 8-(1) of theSecurity Interest (Enforcement) Rules 2002.(Appendix-IV)
All that part and parcel of the non-properties situated at, comprised in andbearing description:
agriculture
DUPLEX HOUSE NO. 2,DUPLEXHOUSES PLOT NO 3 PART CORNER SNO. 370/9A, 370/9B BALAJI NAGAR FIRSTMA IN ROAD VEERABADRA NAGARVENGALVASAI, CHENNAI 600100 North : Plotno.3 East : 24 Feet Road South : 24 FeetRoad West : Plot No 4
Date ofPossession
th26March2021
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