INTELLECT/SEC/2021-22 May 29, 2021
Transcript of INTELLECT/SEC/2021-22 May 29, 2021
INTELLECT/SEC/2021-22 `May 29, 2021
1. The National Stock Exchange of India Ltd., ExchangePlaza, 5th Floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051.
Scrip Code :
INTELLECT
2. The BSE Ltd. 1st Floor, New Trade Ring, Rotunda Building, PJ Towers, Dalal Street, Fort,
Mumbai – 400 001.
Scrip Code :
538835
Dear Sir(s),
Sub- Copy of newspaper advertisement
Kindly find the enclosed newspaper advertisement being published in “Business Standard” and “The Hindu” in English and Tamil respectively dated May 29, 2021.
We request you to take this information on record and confirm Compliance.
Thanking you,
Yours Truly,
For Intellect Design Arena Limited,
V V Naresh
Company Secretary and Compliance officer
................CMYK
CHENNAI
BusinessLineSATURDAY • MAY 29 • 2021 7NEWS
FORUM GANDHI
Mumbai, May 28
A day after Twitter raised concerns over the new IT rules, apublic interest litigation hasbeen fi��led against the microblogging site for noncompliance with the guidelines thatcame into eff��ect on May 26.
The PIL, fi��led by one AmitAcharya, has been registeredby the Delhi High Court and islikely to be listed for hearingon Monday.
Under the new IT rule, everysignifi��cant social media inter
mediary has a responsibilityto appoint a Resident Grievance Offi��cer in India who willact as a single point authorityfor receiving and disposing ofcomplaints within a fi��xedtime frame. The PIL states thatTwitter failed to appoint a Resident Grievance Offi��cer to redress the complaints of itsusers, and this violates theprovisions of the new IT rules.
‘False’ tweets“The petitioner, whenscrolling his Twitter on May
26, found some of the tweetsof two individuals very defamatory, false and untrue.
When he tried to registerhis complaint with the Resident Grievance Offi��cer againstthe alleged defamatory anduntrue tweets, he found nodetails of the offi��cer on theTwitter page, which is a clear
violation of subrule 2(a) ofRule 3 which says that the intermediary shall prominentlypublish on its website, mobilebased application orboth,” the PIL states.
The two individuals whohave been named by the petitioner in the PIL have politicalaffi��liations to the oppositionparties.
“It is submitted by the petitioner that while looking forthe details of the ResidentGrievance Offi��cer, the petitioner found on the page ofRespondent No. 3 that it hasappointed a US resident,Jeremy Kessel, as Grievance offi��cer which is not in true sense
implementation of Rule 4 ofInformation Technology (Intermediary Guidelines and Digital Ethics Code) Rules 2021,”the PIL said.
On Thursday, Twitter hadsaid it was concerned aboutthe new rule that makes thecompliance offi��cer of thecompany criminally liable forcontent on the platform.
The American companysaid the requirements for proactive monitoring, and theblanket authority to seek information about its customers represents dangerousoverreach that is inconsistentwith open, democratic principles.
PIL states that micro-blogging site failed
to appoint Resident Grievance Officer
Petition filed in HC against Twitter fornot complying with new IT guidelines
MAMUNI DAS
New Delhi, May 28
Indian Railways’ plan to runprivate passenger trains hasbeen further delayed. Thistime the bidders have soughtextension of bidding duedate for running privatetrains citing the Covid pandemic.
Earlier, bidders had citedmultiple risks in the runningof trains including highhaulage charges, traffi��c risk,competition from IndianRailways through many waysand absence of a regulator.
The fi��nancial bids are to bereceived by June 30, an offi��cialtold BusinessLine. There havebeen shifts in bid due datesearlier as well starting fromJanuary 29, 2021.
Shortlisted companiesCompanies shortlisted for fi��nancial bids include CubeHighways and Infrastructure,GMR Highways, IRB Infrastructure Developers, MeghaEngineering & Infrastructures, Gateway Rail Freightand Gateway Distriparks, Indian Railway Catering andTourism Corporation andWelspun Enterprise. The Railway Ministry had alsotweaked several contractclauses to lower the risk perception of potential bidders.
This included quantifying
the extent of parcel cargo thatcould be booked in the privatepassenger trains – to cushionbidders against falling revenue due to passenger traffi��crisks.
Explaining another potential risk and its solution, another source said, “Consider asituation when there is hugedemand for some festival – sayChhat Puja or Kumbh Mela. Indian Railways may be forcedto run special trains underpublic and political pressure.In such a case, run a train byall means….But allow the concessionnaire the right to bookall passenger tickets (including those for Indian Railways)during that exclusive timewindow. This access to ticketpricing data will confi��rm to IRthat it is not ‘underpricing’.”
Bidders seek
extension of due
date citing the
pandemic situation
Railways’ plan to run privatetrains gets further delayed
OUR BUREAU
New Delhi, May 28
Railways’ Union – the All India Railwaymen Federation(AIRF) — has approached theRailway Board Chairmanand CEO – protesting againstRailway Board’s move to askZonal Railways to surrenderposts without prior discussion with the Union.
Pointing out that a largenumber of retirements areslated for this year and next,which would further depletethe staff�� strength, AIRF hascalled for appointment ofpermanent staff�� instead ofhiring contractual staff�� asthe reliability of the latter isquestionable.
“The concept of appointing staff�� on contract basisshould be done away with asit is a long process and theirreliability cannot bevouched for,” said AIRF,adding that a lot of contractual staff��includingdoctors,nurses,paramedical staff��,did notturn upduring thepandemic.
“The Railway Employeesare the ones who have beenperforming these duties inaddition to their normal duties. Further, several newactivities have emerged during the pandemic in almostall the departments, andposts need to be created forthe same.
“Pondering over surrender of posts at this timeis inhuman and has beencausing much displeasureamong the employees,” saidShiva Gopal Mishra, GeneralSecretary, AIRF, said in hisletter to Suneet Sharma, CRBand CEO, Railway Board. Headded that contracts of several exservicemen were notrenewed.
Safety categoryRailway Board’s Effi��ciencyand Research Directorateasked various Zonal Railways to surrender posts as
technological advancementsin various fi��elds of railwayworking have made severalexisting posts obsolete. AIRFadded that the concept ofsafety category posts andnonsafety category postshas changed during the pandemic situation for all categories of employees….rightfrom an offi��ce peon to running staff��, all can be classifi��ed as belonging to thesafety category.
Each of the employeesputs his own life at risk, andsome even lost their lives inthe line of duty during thepandemic. The CRB and CEOhimself has acknowledged….that, thousands of employees (from all categories)have been aff��ected duringthe pandemic, and morethan 2,000 have laid downtheir lives. Thus, termingonly certain groups as belonging to safety categorycannot be accepted in thepresent situation.
Questioning safety
Taking a quid pro quostance, Mishra said, “If bythe term safety category, theRailway Board refers to only
employees who areinvolved in saferunning of trainsand thus ensuringsafety of the passengers, we needto question theBoard regardingsafety of the employees. We do ac
cept the adage that “Customer is King”, but thenwhat about the employees?Only an administration,which ensures safety of itsemployees can expect themto work towards ensuringthe safety of the customers.”
Permanent staffReiterating its earlier stanceto employ only permanentstaff��, AIRF has said that“Most of the doctors, nurses,paramedical staff�� and hospital assistants, recruited oncontract basis during thepandemic, failed to joinduty, adding to the workload of the existing regularemployees at a crucialperiod.
“Hence, all the vacanciesshould be fi��lled up on a permanent basis. It also needsto be mentioned that, noneof the contract labourers,who were entrusted with
outsourced activities,turned up during the pandemic, due to obvious reasons, leaving Railways in thelurch.”
Surrender of posts: Railways union raises the red flagCalls for
appointment of
permanent staff
instead of going for
contractual hires
ABHISHEK LAW
Kolkata, May 28
Paintmaker AkzoNobel India, amongst the top fourplayers in the country, hasseen demand hit in the lastweek of April and May, because of localised lockdownsand closures. Demand recovery is expected from JulyAugust onwards, as phasewisereopening happens and thedecorative paints market witnesses a pickup.
Demand is expected to signifi��cantly improve duringthe festival season (SeptemberOctober) onwards, persisting “well into the fi��rst fewmonths of next fi��scal” unlessa third wave of infections hitthe country.
According to Rajiv Rajgopal, Managing Director,AkzoNobel India, individualshave postponed home repairs and renovating requirements with Covidcases goingup; but, the pentupdemand is expected to beback in the latter half of thisfi��scal. Construction worksacross project sites are stillgoingon.
Covid surgeWhile surging Covid cases inupcountry regions have beena worry and impacted de
mand across paint companies, AkzoNobel has a relativelyless presence there. Beingamongst the premiumbrands (Dulux), its demandconcentration is primarily inmetros, TierI and TierII markets.
“Nearly 90 per cent of thedemand in May has been hitwith lockdowns. But supplychains and factories are operational. People have postponed repair work. Pent updemand will be coming backtowards the later half of theyear, may be around the festive season. Yes, the pickup orrecoveries may not be assharp as last year. But, we feelthat the demand will spaceout over more quarters andwell into the fi��rst few monthsof FY23. All this is presuming,there is no third wave andvaccination picks up,” he toldBusinessLine.
Pent-up demand will return insecond half: AkzoNobel India
Rajiv Rajgopal, Managing
Director, AkzoNobel India
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