13,000 villages getpower connectionsPTI New DelhiThe government has managed to crossanother milestone by electrifying over13,000 villages so far, out of the 18,452un-electrified ones. According to astatement of the ministry of power, atotal of 13,174 villages have beenelectrified under the Deen DayalUpadhyay Gram Jyoti Yojna.

RIL may dethrone TCS asIndia’s most-valued firm BS REPORTER MumbaiMukesh Ambani-led Reliance Indus-tries (RIL) could overtake Tata Consul-tancy Services (TCS) as India's most-valued company as early as Friday(April 7). Currently, the difference in themarket capitalisation (m-cap) betweenthe two companies is only 1.1 per cent,or ~5,206 crore. With shares of RILshowing strong momentum, thanks tothe optimism around its telecom foray,and the outlook for technology stocksdimming due to a stronger rupee,market players expect RIL to pip TCS inthe next few trading sessions.

LS passes Bill to make exciseActs compliantwith GSTPTI New DelhiThe Lok Sabha on Thursday passed a

Bill that would ensure continuance oflevy of excise on petroleum productsand abolition of cess on some otheritems following goods and services taxroll-out from July 1. The Taxation Laws(Amendment) Bill, 2017, seeks toamend the Customs Act, 1962, theCustoms Tariff Act, 1975, the CentralExcise Act, 1944, the Finance Act, 2001and the Finance Act, 2005.

Google offers grantsworth $8.4 mn to 4 NGOs PTI New DelhiGoogle.org, the philanthropic arm ofGoogle, on Thursday announced grantsof $8.4 million to four non-governmental organisations (NGOs)offering technology-based learningsolutions in India . The NGOs includeLearning Equality ($500,000), MillionSparks Foundation ($1.2 million),Pratham Books StoryWeaver ($3.6million), and Pratham EducationFoundation ($3.1 million). They willreceive the grant for two years to expandand scale the work they are doing.

Office space leasing up8% in Jan-March: CBRE PTI New DelhiOffice space leasing rose by eight percent during the first quarter of 2017 atnearly eight million sq ft in eight majorcities — Delhi-NCR, Mumbai,

Bengaluru, Hyderabad, Pune,Chennai, Kolkata and Kochi, accordingto property consultant CBRE.

Spending on PCs, phonesto hit $600 bn: GartnerPTI New DelhiConsumer spending on devices likecell phones and personal computers(PCs) is expected to grow two per centto about $600 billion this year, from$587.2 billion in 2016, as they opt fornew gadgets at higher average sellingprices, research firm Gartner onThursday said. The spending isexpected to rise further to $627.16billion in 2019, Gartner said in a report.However, shipments of PCs, ultra-mobiles and mobile phones areprojected to be flat this year at 2.3billion units compared to 2016.

RBI household inflationsurvey sees prices rising PTI MumbaiThe Reserve Bank’s latest survey onhouseholds' inflation expectations hasfound a majority expect prices to go upin the June quarter for all products.Around 74 per cent of the respondentsexpected general level of prices toincrease by June, with about half ofthem saying prices will rise at morethan the current rate across all productgroups.

ANEESH PHADNISMumbai, 6 April

Dr Lal PathLabs is focus-ing on “inorganic gro-wth” to expand its foot-

print across India, particularlyin the southern and westernregions where the diagnosticschain has little presence.

Inorganic growth arises fr-om mergers or takeovers ratherthan an increase in the compa-ny's own business activity.

The company’s strategy co-mes as the sector faces a tem-porary slowdown owing todemonetisation and increasedcompetition. Its other initia-tives include value-added ser-vices to customers, such as thecollation of test results of last10 visits and a focus on pre-ventive healthcare checks.

Seventy per cent of Dr LalPathLabs’s business comes fr-om north India and around 15

per cent from the east. Its busi-ness in south and west India islimited, and the company isdrawing plans for expansion inthe two regions through acqui-sitions. “We continue to look atinorganic growth, and our teamsare working very hard on that,”said Om Manchanda, chief exec-utive officer, Dr Lal PathLabs.

“Our presence in south andwest India is not consumer fac-

ing. It is B2B focused now, thatis we pick up samples fromhospitals and send it to our labin Delhi. We will look at inor-ganic growth in the south andthe west to increase our foot-print,” Manchanda said. Dr LalPathLabs is the oldest patholo-gy lab chain in the country.Currently, it has one central lab,in Delhi, and 179 laboratories,most of them in north and east

India. “We have built this busi-ness organically and will con-tinue to focus on that,” he said.

A second central lab will belaunched in Kolkata in Sep-tember, and another one inLucknow by the end of 2018.

Manchanda said his teamswere also working to increasethe number of hospital man-agement contracts, sensing abig growth opportunity fromthe segment. Currently, it hascontracts with 22 hospitals acr-oss the country. “Lab manage-ment contracts are not a way oflife in healthcare. But over aperiod of time, it will becomeone. It is a large opportunity forus,” he added. Manchanda saidthe business faced a temporarydip in the third quarter of 2016-17 following demonetisation.While in the first two quartersthe business grew by over 20per cent, it slowed down in thethird quarter.

Dr Lal PathLabs eyesgrowth via acquisitions

After 27 years, Paes dropped from Davis Cup squadPRESS TRUST OF INDIABengaluru, 6 April

Ace tennis player Leander Paeswas on Thursday dropped forthe first time in 27 years fromIndia’s Davis Cup squad, asnon-playing captain MaheshBhupathi picked Rohan Bopa-nna instead for the tie againstUzbekistan.

The Asia/Oceania ZoneGroup I tie begins here onFriday. Bopanna will pair up

with Sriram Balaji in the sec-ond round doubles tie.Bopanna is ranked 24th in theworld, 29 spots above Olympicmedallist and multiple GrandSlam winner Paes (53rd).Ramkumar Ramanathan willspearhead India's singles chal-lenge in place of injured YukiBhambri.

Justifying his decision topick Bopanna over Paes,Bhupathi said the Bengalurulad is serving and seeing the

ball well and also had a goodstart to the year. "Yeah, like Isaid the conditions obviouslyare very quick here. Rohan isserving well... That was thebasis of the decision,"Bhupathi said.

Paes, who made his DavisCup debut against Japan in1990 at Jaipur, has beendropped from the Davis Cupteam on form — or the lack ofit — for the first time in nearlythree decades.

Bhupathi said it was atough decision to drop hisone-time doubles partner.When asked if it was end ofthe road for Paes, Bhupathiresponded in the ne gative.“Not at all, I made it clear toeveryone involved, includingLeander, that this is by nomeans the end of the road. Hisbeing in the team is invalu-able, the experience, the ener-gy he brings to Davis Cup ...,”he said.

Fight against corruption will continue: Modi Prime Minister NarendraModi on Thursday said thefight against corruption andunaccounted money wouldcontinue. “C orruption andblack money have destroyedIndian democracy, eating intoit like a termite. But, due toyour blessings, the fight aga-inst corruption and blackmoney will continue,” Modisaid at an event in Sahibganj.

During his interaction withsome local youths, the PrimeMinister said the new genera-

tion wanted to work with hon-esty and it was a good indica-tion. Pointing out that it wouldbe 75 years in 2022 since Indiagot the Independence, Modisaid if every person in thecountry took a step ahead inall these five years, then thecountry would move at least1,250 million steps forwardtowards development.

Modi, who symbolically

gave away a few smartphonesto sakhi mandals (self-helpgroups) as part of theRaghubar Das government'sdecision to give 100,000smartphones to SHGs, said hewas surprised when he got theright answers from the vil-lagers of remote areas aboutthe usage of smart phones.

— PTI, Jharkhand

Dr Lal PathLabs

8 REST OF THE NEWS MUMBAI | FRIDAY, 7 APRIL 2017 1>

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Details of NIT with eligibility criteria and special conditions of the tender areavailable in the official website of SAIL, i.e. https://wwwhttps://wwwhttps://wwwhttps://wwwhttps://www.s.s.s.s.sailtenders.co.in.ailtenders.co.in.ailtenders.co.in.ailtenders.co.in.ailtenders.co.in. -DDDDDGGGGGM I/c (CM I/c (CM I/c (CM I/c (CM I/c (COOOOONTNTNTNTNTRRRRRACACACACACT CT CT CT CT CEEEEELL-WOLL-WOLL-WOLL-WOLL-WORRRRRKKKKKS).S).S).S).S).

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3) Advt.No. B3) Advt.No. B3) Advt.No. B3) Advt.No. B3) Advt.No. BSSSSSP-05/P-05/P-05/P-05/P-05/111117-17-17-17-17-18, Dt. 08, Dt. 08, Dt. 08, Dt. 08, Dt. 06/06/06/06/06/04/204/204/204/204/201111177777

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Corrigendum for Retender of Supply, Erection, Installation & Laying of Cold Storage FM approved PIR Insulated Panels