financial - tata power...iifl online web na bureau 19 jun 2018 tata power becomes the ... trading....
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Page 1 of 42.
Article Date Headline / Summary Publication Edition Page No. Journalist
Financial
20 Jun 2018 Tata Power is First to
Automate Bill Payments
The Economic
Times
Hyderabad 5 Bureau
20 Jun 2018 Tata Power is First to
Automate Bill Payments
The Economic
Times
Chennai 5 Bureau
20 Jun 2018 First utility to automate bill
payments via e-NACH
The Financial
Express
Mumbai 6 Bureau
20 Jun 2018 First utility to automate bill
payments via e-NACH
The Financial
Express
New Delhi 6 Bureau
20 Jun 2018 First utility to automate bill
payments via e-NACH
The Financial
Express
Bangalore 6 Bureau
20 Jun 2018 First utility to automate bill
payments via e-NACH
The Financial
Express
Kolkata 6 Bureau
20 Jun 2018 First utility to automate bill
payments via e-NACH
The Financial
Express
Hyderabad 6 Bureau
20 Jun 2018 First utility to automate bill
payments via e-NACH
The Financial
Express
Ahmedabad 6 Bureau
20 Jun 2018 First utility to automate bill
payments via e-NACH
The Financial
Express
Chennai 6 Bureau
Mainlines
20 Jun 2018 Tata Power becomes the
first Power utility to automate
bill payments
Morning India Kolkata 4 Manoj Sinha
20 Jun 2018 Tata Power becomes first
Power utility to automate bill
payments using E-Nach
Avenue Mail Jamshedpur 5 Bureau
Regional
20 June 2018 Tata Power’s new strategy
for customers
Punya Nagari
(Smart City)
Mumbai 1 Bureau
20 Jun 2018 Electricity bill online payment
to be easy
Aaj Samaj
(Hindi)
New Delhi 4 Bureau
20 June 2018 Tata Power becomes first
company for online bill
payment
Dainik Jagran Jamshedpur 2 Bureau
20 June 2018 Tata Power becomes first
company for online bill
payment
I Next Jamshedpur 2 Bureau
Page 2 of 42.
20 June 2018 Tata Power customers can
make online electronic bill
payments
Uditvani Jamshedpur 5 Bureau
20 June 2018 Bill payment facility through E-
Nach
Hindustan Jamshedpur 9 Bureau
Online
18 Jun 2018 Tata Power first utility to
automate bill payments
using e-NACH
PTI Online Web NA PTI
19 Jun 2018 Tata Power becomes the
first Power utility to automate
bill payments using e-NACH
Business
Standard
Online Web NA Bureau
20 Jun 2018 Tata Power becomes first
power utility to automate bill
payments
IIFL Online Web NA Bureau
19 Jun 2018 Tata Power becomes the
first Power utility to automate
bill payments using e-NACH
Equity Bulls Online Web NA Bureau
20 Jun 2018 Tata Power partners IDFC
Bank for digitized solution in
Mumbai
Myiris Online Web NA Bureau
20 Jun 2018 Sensex falls over 260 points,
Nifty holds 10,700 amid US-
China trade tensions
Domain B Online Web NA Bureau
20 Jun 2018 Tata Power Becomes The
First Power Utility To
Automate Bill Payments
Using E-NACH; Partners
IDFC Bank For Digitized
Solution In Mumbai
Public Now Online Web NA Bureau
20 Jun 2018 Tata Power to enable online
automated bill payments
Religare Online Online Web NA Bureau
20 Jun 2018 Tata Power : becomes the
first Power utility to automate
bill payments using e-NACH;
partners IDFC Bank for
digitized solution in Mumbai
4 Traders Online Web NA Bureau
Page 3 of 42.
Financial
Page 4 of 42.
Published Date: 20 Jun 2018 Publication: The Economic Times
Edition: Hyderabad Page No: 5
MAV/CCM: 19068/11.35 Circulation: 21002
1/1 Back To Index
Page 5 of 42.
Published Date: 20 Jun 2018 Publication: The Economic Times
Edition: Chennai Page No: 5
MAV/CCM: 35525/12.25 Circulation: 24536
1/1 Back To Index
Page 6 of 42.
Published Date: 20 Jun 2018 Publication: The Financial Express
Edition: Mumbai Page No: 6
MAV/CCM: 11924.4/5.23 Circulation: 35000
1/1 Back To Index
Page 7 of 42.
Published Date: 20 Jun 2018 Publication: The Financial Express
Edition: New Delhi Page No: 6
MAV/CCM: 8377.6/4.76 Circulation: 27000
1/1 Back To Index
Page 8 of 42.
Published Date: 20 Jun 2018 Publication: The Financial Express
Edition: Bangalore Page No: 6
MAV/CCM: 5052/4.21 Circulation: 15444
1/1 Back To Index
Page 9 of 42.
Published Date: 20 Jun 2018 Publication: The Financial Express
Edition: Kolkata Page No: 6
MAV/CCM: 4558.4/5.18 Circulation: 10202
1/1 Back To Index
Page 10 of 42.
Published Date: 20 Jun 2018 Publication: The Financial Express
Edition: Hyderabad Page No: 6
MAV/CCM: 4628.8/5.26 Circulation: 15000
1/1 Back To Index
Page 11 of 42.
Published Date: 20 Jun 2018 Publication: The Financial Express
Edition: Ahmedabad Page No: 6
MAV/CCM: 4800/4.8 Circulation: 10000
1/1 Back To Index
Page 12 of 42.
Published Date: 20 Jun 2018 Publication: The Financial Express
Edition: Chennai Page No: 6
MAV/CCM: 5020.8/5.23 Circulation: 9000
1/1 Back To Index
Page 13 of 42.
Mainlines
Page 14 of 42.
Published Date: 20 Jun 2018 Publication: Morning India
Edition: Kolkata Page No: 4
MAV/CCM: 31065.6/64.72 Circulation: 12000
1/1 Back To Index
Page 15 of 42.
Published Date: 20 Jun 2018 Publication: Avenue Mail
Edition: Jamshedpur Page No: 5
Page 16 of 42.
Regional
Page 17 of 42.
Published Date: 20 Jun 2018 Publication: Punya Nagari (Smart City)
Edition: Mumbai Page No: 1
Published Date: 20 Jun 2018 Publication: Aaj Samaj (Hindi)
Page 18 of 42.
Edition: New Delhi Page No: 4
MAV/CCM: 51200/51.2 Circulation: 16498
1/1 Back To Index
Page 19 of 42.
Published Date: 20 Jun 2018 Publication: Dainik Jagran
Edition: Jamshedpur Page No: 2
Published Date: 20 Jun 2018 Publication: I Next
Page 20 of 42.
Edition: Jamshedpur Page No: 2
Published Date: 20 Jun 2018 Publication: Uditvani
Edition: Jamshedpur Page No: 5
Page 21 of 42.
Published Date: 20 Jun 2018 Publication: Hindustan
Edition: Jamshedpur Page No: 9
Page 22 of 42.
Page 23 of 42.
Online
Page 24 of 42.
Publication: 4 Traders Edition: Online Coverage
Published Date 20 Jun 2018
Tata Power : becomes the first Power utility to automate bill payments using e-NACH; partners IDFC
Bank for digitized solution in Mumbai
http://www.4-traders.com/TATA-POWER-COMPANY-9062790/news/Tata-Power-becomes-the-first-Power-utility-to-automate-
bill-payments-using-e-NACH-partners-IDFC-B-26787454/
Tata Power, India's largest integrated power company, has become the first Power utility to enable online, automated bill payments
using e-NACH (Electronic National Automated Clearing House). IDFC Bank is a technology partner and a settlement banker to Tata
Power.
This is a new-age electronic online mandate registration process, launched by the National Payments Corporation of India (NPCI),
where consumers of Tata Power, Mumbai can now e-sign the mandate online using Aadhaar-based verification.
The first-ever use of e-NACH via e-mandate in the power sector is expected to enhance customer experience and drastically cut Turn-
Around-Time (TAT) for online registration. It also makes the process more convenient as consumers do not need to fill in physical
forms and can now initiate their mandate registration on-the-go.
Tata Power has collaborated with IDFC Bank to roll out this unique service for building customised technology that makes the digital
solution user-friendly, while complying with NPCIs requirements. The implementation of e-NACH aligns with Tata Power's approach
of deploying innovative technologies that consistently enhance the quality of customer service.
Commenting on this development,Mr. Praveer Sinha, CEO & MD, said, 'We are happy to partner with IDFC Bank for this digitized
solution to revolutionise electricity bill payments in the city & improve overall customer service and experience. The service will provide
more convenient and quicker payment options to the consumers and contribute to the financial inclusion in the country.'
Mr. Ajay Mahajan, Head - Wholesale Banking, IDFC Bank,said,'We are witnessing an unprecedented level of innovation in financial
services, driven by either a singular or a combination of technologies. IDFC Bank is privileged to associate with Tata Power to create
solutions that are transformational from a customer experience standpoint. Through a seamless integration of APIs, Tata Power has
become the first to deploy e-NACH for utility bill payments, making the process of registration for online payments completely paperless
and simple. With this solution, Tata Power has placed convenience and flexibility in the hands of its consumer.'
The NACH E-Mandate will benefit consumers in the following ways:
Turn-Around-Time of the mandate registration reduces drastically from approximately 30 days (in case of physical NACH mandate
registration) to 7 daysReduced rejection rates as physical signature is no longer a requirement, making it a more objective process
and reducing dependency on consumer's bankSecured process as mandate registrations are initiated only after Aadhaar
verificationEnhanced convenience to consumers as they are not required to visit the Customer Relations Centres. They can apply
online from anywhere, anytime at their convenience through a simple 5-step online process.
NACH e-Mandate is an online registration process launched by NPCI (National Payments Corporation of India) to facilitate automated
collection/payment services for corporates, financial institutions and other government bodies. To initiate the mandate registration
process, the consumer needs to fill the online form (https://pace.idfcbank.com/#/NACH/tatapower) and verify his or her Aadhaar
credentials through the UIDAI system. The entire process is electronic and does not involve paperwork or physical signatures.
Page 25 of 42.
The following are necessary for registering the mandate through e-NACH -
Consumer's Aadhaar number should be updated in his or her bank account numberAs the consumer will receive One-Time Password
(OTP) on the mobile number registered with UIDAI for Aadhaar verification, the mobile should be handyThe consumer's bank should
be enrolled with NPCI for NACH e-Mandate. Presently, 41 banks are live and many more are expected to join this platform.
Tata Power is India's largest integrated power company with a growing international presence. The Company together with its
subsidiaries and jointly controlled entities has an installed gross generation capacity of 10757 MW and a presence in all the segments
of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and
Trading. It has successful public-private partnerships in Generation, Transmission and Distribution in India namely 'Tata Power Delhi
Distribution Limited' with Delhi Vidyut Board for distribution in North Delhi, 'Powerlinks Transmission Ltd.' with Power Grid Corporation
of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi and 'Maithon Power Ltd.' with Damodar Valley Corporation
for a 1050 MW Mega Power Project at Jharkhand. Tata Power is serving more than 2.6 million distribution consumers in India and has
developed the country's first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. It is also one
of the largest renewable energy players in India with a clean energy portfolio of 3417 MW. Its international presence includes strategic
investments in Indonesia through a 30% stake in the leading coal company PT Kaltim Prima Coal (KPC), 26% stake in mines at PT
Baramulti Suksessarana Tbk ('BSSR'); in Singapore through Trust Energy Resources to securitize coal supply and the shipping of
coal for its thermal power generation operations; in South Africa through a joint venture called 'Cennergi' to develop projects in sub-
Sahara Africa; in Zambia through 50:50 joint venture with ZESCO for 120 MW Hydro which has become operational in 2016; in Georgia
through AGL which is a joint venture with Clean Energy, Norway & IFC for development of 187 MW hydro project and in Bhutan through
a hydro project in partnership with The Royal Government of Bhutan. With its track record of technology leadership, project execution
excellence, world class safety processes, customer care and driving green initiatives, Tata Power is poised for a multi-fold growth and
committed to 'lighting up lives' for generations to come'.
Back To Index
Page 26 of 42.
Publication: Domain B Edition: Online Coverage
Published Date 20 Jun 2018
Sensex falls over 260 points, Nifty holds 10,700 amid US-China trade tensions
https://www.domain-b.com/investments/markets/general/20180619_markets.html
Benchmark indices closed sharply lower on Tuesday, following weakness in the global peers on US-China trade tensions.
The Sensex fell 261.52 points to 35,286.74 and the Nifty slipped 89.40 points to 10,710.50.
HPCL, UPL, Reliance Industries, Indiabulls Housing Finance, Maruti, Tata Motors and L&T were under pressure while GAIL and Bajaj
Finance gained more than a percent.
Nifty Midcap index lost more than 220 points.
CG Power, Firstsource Solutions, SAIL, Rain Industries, NMDC, Adani Enterprises, CESC, Indiabulls Real, Reliance Capital, Tata
Global, Edelweiss, IGL, LIC Housing Finance, Venkys and Motilal Oswal declined up to 5 percent.
Vakrangee rallied 5 percent. Mahindra Lifespace surged 11 percent. Liberty Shoes gained 9 percent while Bata and Relaxo Footwear
rose over a percent.
United Spirits, UCO Bank, Petronet LNG and Glenmark Pharma were other gainers.
Market Update:Benchmark indices are trading at day's low with the Sensex falling 264.20 points to 35,284.06 on escalated US-China
trade tensions.
The Nifty fell 91.10 points to 10,708.80. About three shares declined for every share rising on the BSE.
PNB Housing Finance to consider fund raising:A meeting of the board of directors of PNB Housing Finance is scheduled to be held
on June 26, 2018, to consider fund raising by way of public issue of secured and/or unsecured non-convertible debentures.
Morgan Stanley has maintained overweight rating on Shriram Transport Finance Corporationwith a target of Rs 2,000 per share.
The research house sees 52% EPS CAGR over FY18-20 & 20%+ RoE.
The stock offers good entry point after correction and underlying NPA formation is declining, it said.
Gold Update:Gold prices climbed by Rs 100 to Rs 31,900 per 10 grams at the bullion market today, largely in line with a firm trend
overseas amid pick up in buying by local jewellers.
However, silver remained under selling pressure and declined by Rs 190 to Rs 41,000 per kg.
Traders attributed the rise in gold prices to a firm trend overseas, supported by a weaker dollar as the trade spat between the US and
China intensified, raising safe-haven buying.
Page 27 of 42.
Globally, gold rose by 0.28 percent to USD 1,281.50 an ounce in Singapore.
Dr Reddy's Laboratories has launched Levetiracetram in Sodium Chloride injection, an anti-epileptic drug, in the US market.
The Hyderabad-based company's drug is the generic version of HQ Specialty Pharma Corporation's product, company said in a
statement.
According to IMS Health data, Levetiracetam in Sodium Chloride injection brand and generics had sales of around USD 37 million in
the US market.
At 14:45 hrs Dr Reddys Laboratories was quoting at Rs 2,393.00, up Rs 12.75, or 0.54 percent on the BSE.
Rupee Update:The Indian rupee is trading near day's low, falling 28 paise to 68.26 against the dollar on sustained demand for the
American currency from importers and banks amid lower local equities.
Market Update:The sell-off continues in the equity market, tracking correction across the globe after the US President Donald Trump
threatened to impose a 10 percent tariff on $200 billion of Chinese goods.
The 30-share BSE Sensex fell 234.94 points to 35,313.32 and the 50-share NSE Nifty shed 85 points to 10,714.90 while the Nifty
Midcap index is down 1.5 percent.
Politics: The Bharatiya Janata Party (BJP) ended its alliance with PDP in Kashmir by withdrawing support to J&K government.
Leverage levels:Non-financial corporates in the country may show modest improvement in their leverage levels in the current financial
year, supported by
higher revenue and earnings growth, says a report.
Global rating agency, Moody's, in a report today said the revenue and Ebitda of non-financial corporates that it rates in the country
should grow 10 percent and 8 percent, respectively, for fiscal 2019.
"Strong demand and production efficiencies will help the companies preserve their profitability against the backdrop of rising commodity
prices. And, aggregate leverage for rated companies will fall modestly in FY19," Moody's vice president and senior credit officer,
Kaustubh Chaubal, said in the report.
These companies reported strong financial results for FY18, with revenue and Ebitda increasing 13 percent and 12 percent,
respectively. The acquisitions and capital spending financed by debt will cause the debt levels of its rated companies to rise by 5
percent in FY19, reports PTI.
Air India Stake Sale:The government has decided not to go ahead with Air India stake sale in an election year and will provide required
funds for its operations, a senior official said today. The decision comes less than 3 weeks after the proposed 76 per cent strategic
stake sale in debt laden national carrier failed to attract any bidder.
Air India will very soon get funds from the government for its day to day operations and will even place orders for a couple of aircraft,
the government official said.
Page 28 of 42.
The decision was taken at the high level meeting convened by Union Minister Arun Jaitley yesterday. The meeting was attended by
Piyush Goyal, who has been temporarily given the charge of finance ministry, Civil Aviation Minister Suresh Prabhu, Transport Minister
Nitin Gadkari and other senior officials of finance and civil aviation ministries, reports PTI.
Oil Prices Update:Oil prices fell nearly one percent as an escalating trade dispute between the United States and China triggered
sharp selloffs in many global markets.
Crude was also weighed down by expectations that producer cartel OPEC and key ally Russia will gradually increase output. The
United States and China are threatening punitive tariffs on each other's exports, which could include oil supplies, putting pressure on
shares markets.
Brent crude futures were at $74.77 per barrel, down 0.77 percent, from their last close. US West Texas Intermediate (WTI) crude
futures were at $65.33 a barrel, down 0.79 percent, reports Reuters.
Market Update:The market continued to be under selling pressure, tracking correction in global peers after US President Donald Trump
warned of potential fresh tariffs on China, saying he could add another 10 percent tariff on $200 billion worth of Chinese goods.
All sectoral indices are in the red with Auto, IT, Metal and PSU Bank falling over a percent each.
The 30-share BSE Sensex fell 187.63 points to 35,360.63 and the 50-share NSE Nifty slipped 71.40 points to 10,728.50. About three
shares declined for every share rising on the BSE.
IPO:Logistics company Avana Logistek has filed draft papers with markets regulator Sebi to launch its initial public offer (IPO).
The share sale consists of fresh issue of up to Rs 300 crore and offer for sale of up to 43,00,000 shares by the selling shareholder, as
per the draft red herring prospectus (DRHP) filed with Sebi.
The Mumbai-based company plans to utilise the net proceeds towards funding capital expenditure for setting up of new dry warehouses
and cold storages and repayment/prepayment of certain borrowings.
Besides, the IPO proceeds will be used for acquisition of containers for coastal and liner services, expenditure towards software
development, implementation and maintenance and general corporate purposes, reports PTI.
Equity Market Outlook: ICICI Securities said
Global factors like a rise in commodity prices, particularly crude oil, sharp depreciation in emerging market currencies and volatility in
global fixed income markets have impacted the sentiments of global investors in recent months. Any improvement in these factors
would help reverse market sentiments.
Going forward, with the forecast of normal monsoon 2018 and firm rural demand amid a pick-up in industrial activity (increased sales
of M&HCV, cranes), we expect the Sensex to stage an impressive earnings recovery, growing in excess of 20 percent CAGR in FY18-
20E.
We believe the recent correction particularly in midcap and small caps offer selective investment opportunity. We advise investors to
utilise the current volatility to accumulate with a medium to long term investment horizon.
Structurally, the overall bias remains positive as the broader consolidation would make markets healthy by cooling off the overbought
situation and gradually forming a higher base that would set the stage to move higher.
Page 29 of 42.
Drug Approval:Zydus Cadila has received the tentative approval from the USFDA to market Tadalafil Tablets USP, 2.5 mg, 5 mg, 10
mg and 20 mg.
It is used to treat erectile dysfunction (impotence) and symptoms of benign prostatic hypertrophy (enlarged prostate).
It will be manufactured at the group's manufacturing facility at Moraiya, Ahmedabad.
Europe Update:European stocks opened significantly lower as investors worry that the US and China are getting closer to a trade war.
France's CAC, Germany's DAX and Britain's FTSE are down 1-1.8 percent.
The opening calls reflect concerns over trade tensions after President Trump warned of potential fresh tariffs on China. Trump said
Monday he could add another 10 percent tariff on $200 billion worth of Chinese goods.
The move came after Beijing earlier on Monday said it impose duties on $50 billion of US goods, which it claimed was in response to
new US levies announced Friday, reports CNBC.
Market Update:The market continued to trade lower in afternoon following weakness in global peers after US President Donald Trump
threatened more tariffs on Chinese products. The Shanghai Composite and Hang Seng are down 3-4 percent.
The 30-share BSE Sensex dropped 191.39 points to 35,356.87 and the 50-share NSE Nifty fell 68.60 points to 10,731.30 while the
Nifty Midcap index corrected further, falling more than 1 percent.
About three shares declined for every share rising on the BSE.
Rupee Update:The rupee tumbled by 22 paise to 68.21 against the US dollar in afternoon on sustained demand for the American
currency from importers and banks amid lower local equities.
The rupee opened a tad higher against yesterday's closing level of 67.99 at the inter-bank foreign exchange market here.
Later, the domestic unit hovered between 67.98 and 68.12 per dollar during morning deals. It was quoting at 68.11 at 1030 hrs.
Persistent foreign capital outflows are looming over the rupee, a dealer said.
Meanwhile, the US dollar was mostly mixed against other currencies in early Asian trade. It fell against the yen and Swiss franc after
US President Donald Trump's threat of additional tariffs on China raised worries about an escalating trade war between the world's
two largest economies.
IPO:Auto parts manufacturer Varroc Engineering has set a price range of Rs 965-967 a share for an initial public offering (IPO) that
will open on June 26, according to a public notice on Tuesday.
At the upper end of the range, the IPO will raise about Rs 1,955 crore ($287.46 million), the notice added.
The IPO comprises sale offer of up to 18 lakh shares by promoter Tarang Jain, about 1.69 crore shares by Omega TC Holdings Pte
Ltd and up to 16 lakh shares by Tata Capital Financial Services Ltd.
Page 30 of 42.
Kotak Mahindra Capital, Citigroup Global Markets India, Credit Suisse Securities (India) are global co-ordinators and bookrunners for
the offer, which closes on June 28.
Plant Shutdown:Goa Carbon has informed the exchange that the issue with the contract workers at the Company's Paradeep Unit at
Vill. Udayabata, Odisha has been resolved and the normalcy at the plant has been restored.
Further, the company has decided to extend the plant shutdown for the regular maintenance work. The production at the said plant is
expected to resume shortly.
The stock price was quoting at Rs 660.55, down Rs 14.35, or 2.13 percent.
Buzzing:C & C Constructions share price is locked at 5 percent upper circuit after the company has entered into negotiated settlement
with State Bank of India (SBI), the lead lender in regard to financial assistance provided to the company by it.
Market Update:The market remained under pressure on global weakness after the US President Donald Trump threatened more tariffs
on Chinese products. China's Shanghai Composite dropped 3 percent and Hong Kong's Hang Seng dipped 2 percent. Dow Jones
futures also shed around 300 points, indicating weak opening on Wall Street.
The 30-share BSE Sensex fell 189.12 points to 35,359.14 and the 50-share NSE Nifty down 67.40 points at 10,732.50 as IOC, Infosys,
Reliance Industries, Vedanta, ICICI Bank and SBI are down 1-3 percent.
About two shares declined for every share rising on the BSE.
Order Win:Cords Cable Industries has bagged bulk order amounting to Rs 47.20 crore.
Tata Power in pact with IDFC Bank:Tata Power has become the first power utility to enable online, automated bill payments using e-
NACH (Electronic National Automated Clearing House).
IDFC Bank is a technology partner and a settlement banker to Tata Power.
11:02 hrs Tata Power Company was quoting at Rs 74, down Rs 1.20, or 1.60 percent. It has touched a 52-week low of Rs 73.80.
Glenmark Pharmaceuticals announced that the US Food & Drug Administration provided its first supplemental abbreviated new drug
application (sANDA) approval for the companys manufacturing facility in Monroe, North Carolina.
The said approval covers, Atovaquone and Proguanil Hydrochloride Tablets, 250 MG/100 MG and 62.5 MG/25 MG, a generic version
of GlaxoSmithKlines Malarone (atovaquone and proguanil hydrochloride) Tablets.
ICICI Bank in focus:ICICI Bank share price fell as much as a percent in morning after the news that the board appointed Sandeep
Bakhshi as Chief Operating Officer (COO) of the bank priced in. The stock had rallied 3.6 percent on Monday.
"The board of directors on Monday decided to appoint Sandeep Bakhshi, as Wholetime Director & Chief Operating Officer designate,
ICICI Bank. His appointment as COO will be for a period of five years, subject to regulatory approvals," the bank said in its statement.
Bakhshi will take over as the COO from June 19, 2018, or on the date of regulatory and other approvals, whichever is later, it added.
Bakhshi will report to Chanda Kochhar, who will continue in her role as MD & CEO of the country's largest private sector lender.
Page 31 of 42.
In line with the highest levels of governance and corporate standards, Kochhar has decided to go on leave till the completion of the
enquiry against her in the Videocon loan matter as announced on May 30, 2018.
Buzzing:Shares of Power Mech Projects gained 3.3 percent intraday as company received letter of intent/work orders worth Rs 500
crore.
The trading window for all designated persons as under Power Mech - Insider Trading Policy will be closed from June 20, 2018 to
June 21, 2018 (both day inclusive).
Market Update:The market extended losses in morning with the Nifty breaking 10,750 levels following weakness in Asian counterparts
after the US President Donald Trump threatened more tariffs on Chinese products.
The Sensex shed 164.03 points to 35,384.23 and the Nifty slipped 56.70 points to 10,743.20 while the Nifty Midcap index declined half
a percent.
About two shares declined for every share rising on the BSE.
Buzzing:Tejas Networks rose 3 percent intraday as brokerages maintained buy rating on the stock with a target of up to Rs 430 per
share.
Nomura has maintained buy rating on Tejas Networks with a price target of Rs 410 per share.
The company upbeat on converged offerings and growth prospects in the US and expects to recoup revenue loss in the US in the
previous financial year.
Management maintains revenue growth guidance to compound at 20 percent over the fiscal 2017-2020, it added.
Citi has maintained buy rating on the stock with a price target of Rs 430. The research house expects topline growth to revive in the
current financial year.
The heavy investment in R&D has helped create competitive advantage and three macro trends in India would drive demand, it said.
Drug Approval:Shares of Strides Shasun added 3 percent intraday as company got an USFDA approval for Ketoconazole tablets USP.
The company's wholly owned subsidiary Strides Pharma Global Pte has received final approval for Ketoconazole tablets USP, 200
mg from the United States Food & Drug Administration (USFDA).
Ketoconazole tablets is a generic version of Nizoral tablets, 200 mg, of Janssen Pharmaceuticals, Inc.
Ketoconazole is used to treat certain serious fungal infections in the body and it works by stopping the growth of the fungus.
Market Update:The market extended previous day's losses with the Nifty struggling below 10,800 levels as Asian counterparts are
under pressure after US President Donald Trump threatened more tariffs on Chinese products. China's Shanghai Composite dropped
3 percent while Hang Seng shed 2 percent and Japan's Nikkei slipped 1 percent.
The Sensex slipped 124.80 points to 35,423.46 and the Nifty shed 46.50 points to 10,753.40.
Page 32 of 42.
Oil retailers HPCL, BPCL and IOC are biggest losers among Nifty50 stocks, down 3 percent each.
Buzzing:Shares of Borosil Glass Works rallied 20 percent in morning as the board approved the issue of bonus shares.
The company board at its meeting held on June 18 has approved the issue of bonus shares in the ratio of 3:1 subject to approval of
shareholders' and other authorities.
The board approved the withdrawal of scheme of amalgamation of Hopewell Tableware, Fennel Investment and Finance and Vyline
Glass Works with Borosil Glass Works presently pending for approval from the National Company Law Tribunal (NCLT).
However, it approved the composite scheme of amalgamation and arrangement for amalgamation of Vyline Glass Works, Fennel
Investment and Finance Private and Gujarat Borosil with company.
Market Opening:Benchmark indices started off the day on a negative note Tuesday following weakness in the Asian peers on escalated
trade war tensions.
The Sensex fell 90.36 points to 35,457.90 and the Nifty declined 30.80 points to 10,769.10.
State Bank of India, HPCL, BPCL, ICICI Bank, UPL, Reliance Industries and Tata Steel are under pressure.
Dr Reddy's Labs, Bharti Airtel, ONGC and HDFC Bank are gainers.
The Nifty Midcap index fell 85 points and Nifty Bank slipped 56 points.
UCO Bank, Dena Bank and Bank of Maharashtra gained 1-3 percent.
Strides Shasun, Liberty Shoes, Nestle India, Gati, Hexaware Technologies, Glenmark Pharma, Tejas Networks and Mphasis gained
1-4 percent.
Balrampur Chini, PC Jeweller, CG Power, Jaiprakash Associates and GMR Infrastructure fell 1-2 percent.
Market Outlook:LKP Securities said markets would make negative start on feeble global cues.
Indian equity markets ended Mondays trade slightly in red, as Indias trade deficit widened to $14.62 billion in May as against $13.84
billion in May 2017, the highest in nearly four months mainly because of rising oil imports. Today, the start is likely to remain cautious,
tracking weak global cues as fears of a global trade war resurfaced.
There will be some cautiousness with Commerce and Industry Minister Suresh Prabhus statement that global trade is facing headwinds
and these challenges are needed to be tackled properly to boost world economy. He also said that the US decision to impose high
import duties on certain steel and aluminium products have led to a trade war kind of situation, with other countries too raising their
tariff walls. Traders will also be concern about a private report that the Indian rupee would continue to witness pressure in the coming
days, but it should get respite in the medium term as trade protectionism ends up hurting the US economy, a net importer of goods.
Market participants however will be getting some encouragement with the Finance Ministrys statement that it would be increasingly
difficult for businesses to remain outside the tax net as Goods and Services Tax (GST) is leading to formalisation of the economy.
Bulk Deals
Page 33 of 42.
CIL Nova Petrochemicals:Asia Investment Corporation Mauritius Ltd bought 1.70 lakh shares or 0.6 percent equity at Rs 29.94 each.
Siti Networks:
Promoter Digital Satellite Media and Broadband Pvt. Ltd. sold 70.58 lakh shares or 0.8 percent equity at Rs 14.5 each.
JSGG Infra Developers LLP bought 70.58 lakh shares or 0.8 percent equity at Rs 14.5 each.
Stocks in News
ICICI Bank named Sandeep Bakhshi as its chief operating officer for five years. Chanda Kochhar will go on leave till an independent
probe into allegations of impropriety against her is completed.
Goa Carbon says operations at Paradeep unit temporarily halted due to labour issues.
Titan sold its entire stake in Titan Time Products to Danlaw Technologies for Rs 18.5 crore.
Borosil Glass Work approves 3:1 bonus issue.
Market Pre-Opening:Benchmark indices are mixed in pre-opening despite weakness in Asia due to trade war tensions intensified.
The Sensex gained 54.11 points at 35,602.37 while the Nifty fell 2.60 points to 10,797.30.
ICICI Bank and SBI fell 1-2 percent while HDFC Bank gained 2 percent.
Axis Bank dipped half a percent while Bata and Bharti Airtel gained 1-2 percent. Nestle jumped 10 percent.
Borosil Glass Works surged 20 percent. Kajaria Ceramics, Strides Shasun and Venkys rose 1-2 percent while Balrampur Chini lost
2.5 percent.
Market Overview by LKP:
The India Volatility Index (VIX), a gauge for markets short term expectation of volatility increased by 2.57% and reached 12.38.
Nifty June 2018 futures closed at 10789.60 on Monday, at a discount of 10.25 points over spot closing of 10799.85.
Nifty July 2018 futures ended at 10800.50, at a premium of 0.65 points over spot closing.
Nifty June futures saw an addition of 0.24 million (mn) units, taking the total outstanding open interest (OI) to 24.88 mn units.
The Nifty Put Call Ratio (PCR) finally stood at 1.16 for June month contract.
The top five scrips with highest PCR on OI were Just Dial (1.15), Cummins India (1.46), Dr Reddy's Laboratories (1.26), Andhra Bank
(1.26) and Sun Pharmaceutical (1.08).
Nifty Options
Page 34 of 42.
Among Nifty calls, 10900 SP from the June month expiry was the most active call with an addition of 0.44 million open interests.
Among Nifty puts, 10400 SP from the June month expiry was the most active put with contraction of 0.19 million open interests.
The maximum OI outstanding for Calls was at 11000 SP (4.69 mn) and that for Puts was at 10700 SP (4.97 mn).
Stock Futures
Long positions were witnessed in stocks like JPASSOCIAT & BATAINDIA
Short positions were witnessed in stocks like NCC & SUNTV
From the most active contracts, ICICI Bank June 2018 futures traded at a discount of 1.05 points at 292.95 compared with spot closing
of 294.00. The numbers of contracts traded were 25,150.
Tata Steel June 2018 futures traded at a premium of 2.15 points at 560.35 compared with spot closing of 558.20. The numbers of
contracts traded were 22,964.
Dr. Reddy's Laboratories June 2018 futures traded at a discount of 14.20 points at 2389.00 compared with spot closing of 2403.20.
The numbers of contracts traded were 22,214.
Strides Shasun June 2018 futures traded at a discount of 0.15 points at 406.15 compared with spot closing of 406.30. The numbers
of contracts traded were 17,915.
Vedanta June 2018 futures traded at a premium of 0.95 points at 232.50 compared with spot closing of 231.55. The numbers of
contracts traded were 15,818.
Back To Index
Page 35 of 42.
Publication: IIFL Edition: Online Coverage
Published Date 20 Jun 2018
Tata Power becomes first power utility to automate bill payments
https://www.indiainfoline.com/article/news-top-story/tata-power-becomes-first-power-utility-to-automate-bill-payments-
118061900303_1.html
Tata Power, Indias largest integrated power company, has become the first power utility to enable online, automated bill payments
using e-NACH (Electronic National Automated Clearing House).
e-NACH is a new-age electronic online mandate registration process, launched by the National Payments Corporation of India (NPCI),
where consumers of Tata Power, Mumbai can now e-sign the mandate online using Aadhaar-based verification.
The first-ever use of e-NACH via e-mandate in the power sector will probably enhance customer experience and drastically cut Turn-
Around-Time (TAT) for online registration. It also makes the process more convenient as consumers do not need to fill in physical
forms and can now initiate their mandate registration on-the-go.
Tata Power has collaborated with IDFC Bank to roll out this unique service for building customized technology that makes the digital
solution user-friendly, while complying with NPCIs requirements. The implementation of e-NACH aligns with Tata Powers approach of
deploying innovative technologies that consistently enhance the quality of customer service.
Commenting on this development, Praveer Sinha, CEO & MD, said, We are happy to partner with IDFC Bank for this digitized solution
to revolutionize electricity bill payments in the city & improve overall customer service and experience. The service will provide more
convenient and quicker payment options to the consumers and contribute to the financial inclusion in the country.
Back To Index
Page 36 of 42.
Publication: Myiris Edition: Online Coverage
Published Date 20 Jun 2018
Tata Power partners IDFC Bank for digitized solution in Mumbai
http://www.myiris.com/news/credit-rating/tata-power-partners-idfc-bank-for-digitized-solution-in-
mumbai/20180619112135199
Tata Power, India's largest integrated power company, has become the first Power utility to enable online, automated bill payments
using e-NACH (Electronic National Automated Clearing House).IDFC Bankis a technology partner and a settlement banker to Tata
Power.
This is a new-age electronic online mandate registration process, launched by the National Payments Corporation of India (NPCI),
where consumers of Tata Power,(Q,N,C,F)* Mumbai can now e-sign the mandate online using Aadhaar-based verification.
The first-ever use of e-NACH via e-mandate in the power sector is expected to enhance customer experience and drastically cut Turn-
Around-Time (TAT) for online registration. It also makes the process more convenient as consumers do not need to fill in physical
forms and can now initiate their mandate registration on-the-go.
Tata Power has collaborated with IDFC Bank to roll out this unique service for building customised technology that makes the digital
solution user-friendly, while complying with NPCIs requirements.
The implementation of e-NACH aligns with Tata Power's approach of deploying innovative technologies that consistently enhance the
quality of customer service.
Ajay Mahajan, Head, Wholesale Banking, IDFC Bank, said, 'We are witnessing an unprecedented level of innovation in financial
services, driven by either a singular or a combination of technologies. IDFC Bank is privileged to associate with Tata Power to create
solutions that are transformational from a customer experience standpoint. Through a seamless integration of APIs, Tata Power has
become the first to deploy e-NACH for utility bill payments, making the process of registration for online payments completely paperless
and simple. With this solution, Tata Power has placed convenience and flexibility in the hands of its consumer.'
Back To Index
Page 37 of 42.
Publication: Public Now Edition: Online Coverage
Published Date 20 Jun 2018
Tata Power Becomes The First Power Utility To Automate Bill Payments Using E-NACH; Partners
IDFC Bank For Digitized Solution In Mumbai
http://www.publicnow.com/view/BF6B5AB89DEF71F46A94F0BF2338920FE1050B9C?2018-06-19-06:30:11 01:00-xxx9433
The first-ever use of e-NACH via e-mandate in the power sector is set to enhance consumer experienceDrastically reduce Turn-
Around-Time (TAT) for online registration
Tata Power, India's largest integrated power company, has become the first Power utility to enable online, automated bill payments
using e-NACH (Electronic National Automated Clearing House). IDFC Bank is a technology partner and a settlement banker to Tata
Power.
This is a new-age electronic online mandate registration process, launched by the National Payments Corporation of India (NPCI),
where consumers of Tata Power, Mumbai can now e-sign the mandate online using Aadhaar-based verification.
The first-ever use of e-NACH via e-mandate in the power sector is expected to enhance customer experience and drastically cut Turn-
Around-Time (TAT) for online registration. It also makes the process more convenient as consumers do not need to fill in physical
forms and can now initiate their mandate registration on-the-go.
Tata Power has collaborated with IDFC Bank to roll out this unique service for building customised technology that makes the digital
solution user-friendly, while complying with NPCIs requirements. The implementation of e-NACH aligns with Tata Power's approach
of deploying innovative technologies that consistently enhance the quality of customer service.
Commenting on this development,Mr. Praveer Sinha, CEO & MD, said, 'We are happy to partner with IDFC Bank for this digitized
solution to revolutionise electricity bill payments in the city & improve overall customer service and experience. The service will provide
more convenient and quicker payment options to the consumers and contribute to the financial inclusion in the country.'
Mr. Ajay Mahajan, Head - Wholesale Banking, IDFC Bank,said,'We are witnessing an unprecedented level of innovation in financial
services, driven by either a singular or a combination of technologies. IDFC Bank is privileged to associate with Tata Power to create
solutions that are transformational from a customer experience standpoint. Through a seamless integration of APIs, Tata Power has
become the first to deploy e-NACH for utility bill payments, making the process of registration for online payments completely paperless
and simple. With this solution, Tata Power has placed convenience and flexibility in the hands of its consumer.'
The NACH E-Mandate will benefit consumers in the following ways:
Turn-Around-Time of the mandate registration reduces drastically from approximately 30 days (in case of physical NACH mandate
registration) to 7 daysReduced rejection rates as physical signature is no longer a requirement, making it a more objective process
and reducing dependency on consumer's bankSecured process as mandate registrations are initiated only after Aadhaar
verificationEnhanced convenience to consumers as they are not required to visit the Customer Relations Centres. They can apply
online from anywhere, anytime at their convenience through a simple 5-step online process.
NACH e-Mandate is an online registration process launched by NPCI (National Payments Corporation of India) to facilitate automated
collection/payment services for corporates, financial institutions and other government bodies. To initiate the mandate registration
Page 38 of 42.
process, the consumer needs to fill the online form (https://pace.idfcbank.com/#/NACH/tatapower) and verify his or her Aadhaar
credentials through the UIDAI system. The entire process is electronic and does not involve paperwork or physical signatures.
The following are necessary for registering the mandate through e-NACH -
Consumer's Aadhaar number should be updated in his or her bank account numberAs the consumer will receive One-Time Password
(OTP) on the mobile number registered with UIDAI for Aadhaar verification, the mobile should be handyThe consumer's bank should
be enrolled with NPCI for NACH e-Mandate. Presently, 41 banks are live and many more are expected to join this platform.
Tata Power is India's largest integrated power company with a growing international presence. The Company together with its
subsidiaries and jointly controlled entities has an installed gross generation capacity of 10757 MW and a presence in all the segments
of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and
Trading. It has successful public-private partnerships in Generation, Transmission and Distribution in India namely 'Tata Power Delhi
Distribution Limited' with Delhi Vidyut Board for distribution in North Delhi, 'Powerlinks Transmission Ltd.' with Power Grid Corporation
of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi and 'Maithon Power Ltd.' with Damodar Valley Corporation
for a 1050 MW Mega Power Project at Jharkhand. Tata Power is serving more than 2.6 million distribution consumers in India and has
developed the country's first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. It is also one
of the largest renewable energy players in India with a clean energy portfolio of 3417 MW. Its international presence includes strategic
investments in Indonesia through a 30% stake in the leading coal company PT Kaltim Prima Coal (KPC), 26% stake in mines at PT
Baramulti Suksessarana Tbk ('BSSR'); in Singapore through Trust Energy Resources to securitize coal supply and the shipping of
coal for its thermal power generation operations; in South Africa through a joint venture called 'Cennergi' to develop projects in sub-
Sahara Africa; in Zambia through 50:50 joint venture with ZESCO for 120 MW Hydro which has become operational in 2016; in Georgia
through AGL which is a joint venture with Clean Energy, Norway & IFC for development of 187 MW hydro project and in Bhutan through
a hydro project in partnership with The Royal Government of Bhutan. With its track record of technology leadership, project execution
excellence, world class safety processes, customer care and driving green initiatives, Tata Power is poised for a multi-fold growth and
committed to 'lighting up lives' for generations to come'
Back To Index
Page 39 of 42.
Publication: Religare Online Edition: Online Coverage
Published Date 20 Jun 2018
Tata Power to enable online automated bill payments
http://www.religareonline.com/market/news/tata power to enable online automated bill payments/1135780/06-19-
2018/companynews
Tata Power Indias largest integrated power company has said that it has become the first Power utility to enable online automated bill
payments using e-NACH (Electronic National Automated Clearing House).
IDFC Bank is a technology partner and a settlement banker to Tata Power. This is a new-age electronic online mandate registration
process launched by the National Payments Corporation of India (NPCI) where consumers of Tata Power Mumbai can now e-sign the
mandate online using Aadhaar-based verification.
The first-ever use of e-NACH via e-mandate in the power sector is expected to enhance customer experience and drastically cut Turn-
Around-Time (TAT) for online registration. It also makes the process more convenient as consumers do not need to fill in physical
forms and can now initiate their mandate registration on-the-go. Tata Power has collaborated with IDFC Bank to roll out this unique
service for building customised technology that makes the digital solution user-friendly while complying with NPCIs requirements. The
implementation of e-NACH aligns with Tata Powers approach of deploying innovative technologies that consistently enhance the
quality of customer service.
Meanwhile shares of the company were trading at Rs 73.90 apiece down 1.73 per cent from the previous close at 11:01 hours on BSE.
Back To Index
Page 40 of 42.
Publication: Business Standard Edition: Online Coverage
Published Date 19 Jun 2018
Tata Power becomes the first Power utility to automate bill payments using e-NACH
https://www.business-standard.com/article/news-cm/tata-power-becomes-the-first-power-utility-to-automate-bill-payments-
using-e-nach-118061900365_1.html
Partners withIDFC Bankfor digitized solution in MumbaiTata Powerhas become the first Power utility to enable online, automated bill
payments using e-NACH (Electronic National Automated Clearing House).IDFC Bankis a technology partner and asettlement
bankertoTata Power.This is a new-age electronic online mandate registration process, launched by theNational Payments
CorporationofIndia(NPCI), where consumers of Tata Power,Mumbaican nowe-signthemandate onlineusing Aadhaar-based
verification.
The first-ever use of e-NACH viae-mandatein the power sector is expected to enhance customer experience and drastically cut Turn-
Around-Time (TAT) foronline registration.It also makes the process more convenient as consumers do not need to fill in physical forms
and can now initiate their mandate registration on-the-go.Tata Powerhas collaborated withIDFC Bankto roll out this unique service for
building customised technology that makes the digital solution user-friendly, while complying with NPCIs requirements. The
implementation of e-NACH aligns with Tata Power's approach of deploying innovative technologies that consistently enhance the
quality of customer service.
Back To Index
Page 41 of 42.
Publication: Equity Bulls Edition: Online Coverage
Published Date 19 Jun 2018
Tata Power becomes the first Power utility to automate bill payments using e-NACH
http://equitybulls.com/admin/news2006/news_det.asp?id=231132
Tata Power, India's largest integrated power company, has become the first Power utility to enable online, automated bill payments
using e-NACH (Electronic National Automated Clearing House). IDFC Bank is a technology partner and a settlement banker to Tata
Power.This is a new-age electronic online mandate registration process, launched by the National Payments Corporation of India
(NPCI), where consumers of Tata Power, Mumbai can now e-sign the mandate online using Aadhaar-based verification.The first-ever
use of e-NACH via e-mandate in the power sector is expected to enhance customer experience and drastically cut Turn-Around-Time
(TAT) for online registration. It also makes the process more convenient as consumers do not need to fill in physical forms and can
now initiate their mandate registration on-the-go.Tata Power has collaborated with IDFC Bank to roll out this unique service for building
customised technology that makes the digital solution user-friendly, while complying with NPCIs requirements. The implementation of
e-NACH aligns with Tata Power's approach of deploying innovative technologies that consistently enhance the quality of customer
service.Commenting on this development, Mr. Praveer Sinha, CEO & MD, said, "We are happy to partner with IDFC Bank for this
digitized solution to revolutionise electricity bill payments in the city & improve overall customer service and experience. The service
will provide more convenient and quicker payment options to the consumers and contribute to the financial inclusion in the country."Mr.
Ajay Mahajan, Head - Wholesale Banking, IDFC Bank, said, "We are witnessing an unprecedented level of innovation in financial
services, driven by either a singular or a combination of technologies. IDFC Bank is privileged to associate with Tata Power to create
solutions that are transformational from a customer experience standpoint. Through a seamless integration of APIs, Tata Power has
become the first to deploy e-NACH for utility bill payments, making the process of registration for online payments completely paperless
and simple. With this solution, Tata Power has placed convenience and flexibility in the hands of its consumer."The NACH E-Mandate
will benefit consumers in the following ways:- Turn-Around-Time of the mandate registration reduces drastically from approximately
30 days (in case of physical NACH mandate registration) to 7 days- Reduced rejection rates as physical signature is no longer a
requirement, making it a more objective process and reducing dependency on consumer's bank- Secured process as mandate
registrations are initiated only after Aadhaar verification- Enhanced convenience to consumers as they are not required to visit the
Customer Relations Centres. They can apply online from anywhere, anytime at their convenience through a simple 5-step online
process.NACH e-Mandate is an online registration process launched by NPCI (National Payments Corporation of India) to facilitate
automated collection/payment services for corporates, financial institutions and other government bodies. To initiate the mandate
registration process, the consumer needs to fill the online form (https://pace.idfcbank.com/#/NACH/tatapower) and verify his or her
Aadhaar credentials through the UIDAI system. The entire process is electronic and does not involve paperwork or physical
signatures.The following are necessary for registering the mandate through e-NACH -1. Consumer's Aadhaar number should be
updated in his or her bank account number2. As the consumer will receive One-Time Password (OTP) on the mobile number registered
with UIDAI for Aadhaar verification, the mobile should be handy3. The consumer's bank should be enrolled with NPCI for NACH e-
Mandate. Presently, 41 banks are live and many more are expected to join this platform.Shares of TATA POWER CO.LTD. was last
trading in BSE at Rs.75.2 as compared to the previous close of Rs. 76.15. The total number of shares traded during the day was
163145 in over 978 trades.The stock hit an intraday high of Rs. 76.95 and intraday low of 75.1. The net turnover during the day was
Rs. 12307354.
Back To Index
Page 42 of 42.
Publication: PTI Edition: Online Coverage
Published Date 18 Jun 2018
Tata Power first utility to automate bill payments using e-NACH
Tata Power today said that it has become the first power utility to enable online, automated bill payments using e-NACH (Electronic
National Automated Clearing House).
IDFC Bank is the technology partner and settlement banker to Tata Power. This is a new-age electronic online mandate registration
process, launched by the National Payments Corporation of India (NPCI), where consumers of Tata Power, Mumbai can now e-sign
the mandate online using Aadhaar-based verification, a Tata Power statement said.
“The service will provide more convenient and quicker payment options to the consumers and contribute to the financial inclus ion in
the country,” Praveer Sinha, CEO and MD of Tata Power, said in statement.