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Overall on the domestic front, how do you see things improving?
The economy is picking up compared to where we were six or nine months back and from that point of view, things are in a much better shape. Clearly one does not know how the second wave of Covid, which seems to be focussed significantly on Maharashtra, will shape up. The reality is that valuations are not what used to be one year back when the market was really cheap. Now markets are not that cheap and clearly we are going to see volatility ahead. That will continue as long as there is news of Covid.
He has been appointed as the Additional Director with effect from March 31 for a five-year period. The Board of Directors of the Company at their meeting held today 31st March, 2021, approved the appointment of Dr. Urjit Patel, as an Additional Director of the Company in the category of Non-Executive and Independent Director with effect from 31st March, 2021 for a term of 5 years i.e., upto 30th March, 2026, subject to approval of the shareholders of the company, Britannia Industries said in a regulatory filing on Wednesday.
Urjit Patel fulfills the criteria of independence as required under the provisions of the Companies Act, 2013 and the Rules framed thereunder and the SEBI (LODR) Regulations, 2015.
Overall on the domestic front, how do you see things improving?
The economy is picking up compared to where we were six or nine months back and from that point of view, things are in a much better shape. Clearly one does not know how the second wave of Covid, which seems to be focussed significantly on Maharashtra, will shape up. The reality is that valuations are not what used to be one year back when the market was really cheap. Now markets are not that cheap and clearly we are going to see volatility ahead. That will continue as long as there is news of Covid.
As dust is refusing to settle in the then ruling Democratic Progressive Party (DPP), Dalitso Kabambe, one of the presidential aspirants has called for unity.
Kabambe, former Reserve Bank Governor said this yesterday in Nsanje during a campaign rally for Francis Kasaila who is contesting for the parliamentary seat slated for March 30, 2021.
Aftermath of the June 23 fresh presidential elections in which DPP was ousted out of power, the party has been facing leadership challenges as some are demanding the resignation of the party president, former president Peter Mutharika.
DPPâs vice president for the south Kondwani Nankhumwa and Joseph Mwananvekha are also on the campaign trail hunting for votes for the forthcoming partyâs convention.