3983 debt consolidating 5739

Your Company has won 60 MW Solar Power Projects in Karnataka in March 2016.

The Power Purchase Agreement has been signed in June 2016 and the commissioning of the plants is expected by the end of FY 2016-17.

The in-principle approval has already been obtained for the Payments Bank and ‘Aditya Birla Idea Payments Bank Ltd.’ has been set up.

We expect to commence services by the end of [email protected]HM[LY[OLÄUHSHWWYV]HSMYVT9)0 In the Health Insurance sector, we have already YLJLP]LK -07) HWWYV]HS ; OL ÄUHS HWWYV]HS MYVT IRDAI is awaited, consequent to which your Company’s Health Insurance business will go on stream.

Concerns persist about the slowdown in China and its ability to shift smoothly from exportled to domestic-led growth.

INDIAN ECONOMY Against the backdrop of a muted global economy, India’s economy is an outperformer. This would make it the fastest growing among the large economies.Growth in the emerging markets in 2016, overall, is projected at 4.1%, much of it coming from China, India and the ASEAN region.Growth in Latin America is expected to be only 0.5%, on account of a 3.8% decline in growth in Brazil.With the de-merger of its Madura Fashion division into its subsidiary Pantaloons Fashion & Retail Ltd., your Company has created India’s largest pure play listed branded apparel Company viz. This move provides shareholders an opportunity to participate directly in the fashion space through ABFRL.With the FDI limit in the life insurance sector raised to 49%, Sun Life Financial, your Company’s life Aditya Birla Nuvo Limited Annual Report 2015-16 With the de-merger of its Madura Fashion division into its subsidiary Pantaloons Fashion & Retail Ltd., your Company has created India’s largest pure play listed branded apparel Company viz.

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