Gillette India Announces Q4 & FY 06 Results

Gillette India Ltd has announced the following Unaudited results for the quarter & year ended December 31, 2006:The Company has posted a net profit of Rs 277.10 million for the quarter ended December 31, 2006 as compared to Rs 149.50 million for the quarter ended December 31, 2005. Total Income (net of excise) has increased from Rs 1211.50 million for the quarter ended December 31, 2005 to Rs 1359.00 million for the quarter ended December 31, 2006.The Company has posted a net profit of Rs 703.20 million for the year ended December 31, 2006 as compared to Rs 687.20 million for the year ended December 31, 2005. Total Income (net of excise) has decreased from Rs 4709.60 million for the year ended December 31, 2005 to Rs 4333.90 million for the year ended December 31, 2006.The figures for the year ended December 31, 2005 are Audited.Sharing perspective on the results for the fourth quarter, Managing Director of the Company, Mr. Shantanu Khosla said, The gains in both the top line and bottom line in Q4 coupled with higher market shares across categories follows the successful integration of the GIL business with P&G. Our transition to the new organization is complete and delivering results exceeding expectations.

Varun Shipping To Acquire Two AHTS Vessels

Varun Shipping Company Ltd has announced that the Company in order to expand its asset base in the oil and gas exploration and production industry has signed Memorandum of Agreements for acquiring two 2001 built Anchor Handling and Towing Supply (AHTS) vessels. These vessels have BHP of around 16000 T and Bollard Pull in excess of 180 Tons. One of the vessels is scheduled to be delivered by end of January, 2007 and the second one in April / May, 2007. These modern and highly sophisticated world class vessels will be used for deep sea oil exploration going on in North Sea, Bay of Bengal and Atlantic Ocean off the coasts of Nigeria, Brazil and Mexico.These vessels have been designed by Vik-Sandvick, a very reputed designer from Norway and are highly maneuverable and are fitted with the Dynamic Positioning (DP) which ensures that they can safely maintain position off the offshore installations.These two vessels will be amongst the most powerful AHTS vessels with highest Bollard Pull under the Indian flag. As few such vessels exist in the world, the acquisition of these vessels by the Company will establish a new milestone in offshore support services for Indias oil industry.With the acquisition of above mentioned vessels, the Company will have completed an investment of around USD 320 million out of the proposed expansion plan of USD 400 million.

Reliance Retail To Infuse Rs 8000cr In NCR

New Delhi: The Reliance Retail has decided to foray into the National Capital Region (NCR) from January 29 to give the masses a taste of Western-style convenience stores, with an estimated investment of Rs 8,000 crore.Reliance Retail, which entered organised retail through Reliance Fresh outlets in Hyderabad, Jaipur and Chennai last year, would be opening nine Reliance Fresh stores across Ghaziabad, Faridabad, Gurgaon and Noida. Reliance Retail earmarked Rs 25,000 crore in investments over the next five years for its retail business, of which it intends to spend Rs 8,000 crore in NCR. The company is planning to open 400 to 600 stores in the region covering 50 million square feet of retail space, sources said.

Bank Of Baroda Enters Into MOU With India Infoline

Bank of Baroda has informed that the Bank is launching On-Line Trading Facilities for its customers christened as Baroda-e-trading as a step forward in its plan to provide Comprehensive Suite of Products and Services under its Wealth Management initiatives.For the purpose, the Bank on January 24, 2007 has entered into an MOU with India Infoline Ltd.As a part of the aforesaid alliance, India Infoline Ltd shall inter-alia provide the Services to the Customers of the Bank, which would mean securities trading including derivatives trading, commodity trading services, depository services, portfolio management services and research & analysis services offered by IIL. The Services will enable Banks customers to have a 3 in 1 facilities for Transactions both On-Line and Off-Line trading through India Infoline, while funds and securities can be transferred to / from their bank and demat accounts. This will enable investors to transact in the securities market and also access high quality investment advises from experienced research team of India lnfoline Ltd.

L&T Secures Rs 355 Crore Orders For Delhi Metro Phase-II

Larsen & Toubro Ltd (L&T) has announced that the Company has bagged three orders amounting to Rs 355 crores from Delhi Metro Rail Corporation (DMRC) for the second phase of the Delhi Metro project. These orders will be executed by ECC, the Companys Construction Division.With the successful commissioning of Phase-I of Delhi Metro, DMRC has taken up implementation of Phase-II with 2010 as completion target in time for the Commonwealth Games to be held in New Delhi.Two of these orders for the Company are direct contracts pertaining to construction of underground stations at Udyog Bhavan and Green Park. In addition to these stations, tunnels of approximately 1 km will be built by the Company using cut-and-cover technology.

Baba Arts Signs Agreement With Moser Baer

Baba Arts Ltd has informed that the Company has signed an agreement with Moser Baer to exclusively manufacture, market and distribute over 450 Telugu Titles of the Company. The agreement will entitle Moser Baer to exclusively manufacture market and distribute VCDs and DVDs of these titles in the Indian Market. This exclusive agreement with Moser Baer will be for a period of 8 years.The Company is the sole copy right holder of over 450 Telugu Titles and the agreement entitles Moser Baer to exclusive manufacture, market and distribute these Telugu Tides. The Company has entered in to this tie up as the Telgu Video Market is very buoyant and growing fast. With the manufacturing and marketing capabilities of Moser Baer, the Company will be able to exploit the vast potential to generate income and realize profits from its repertoire of Telugu Titles.The Company had entered into the space of Telugu Titles in home entertainment in 2006 year. Some of its leading titles are Bhakta Prahlad, 10 Class, Manasantha Noove, Veede, Bobby, Bombay Priyadu, Varshani, Chennakesava Reddy, Bhatka Tukaram, Dil, Illarikam and others.The Company has also entered into South Indian Film Production and produced a Tamil FilmNenjirukkum Varai, directed by well known director S.A. Chandrasekaran, which was released on December 15, 2006, and which is running successfully all over. The Company is planning to release Hindi movie Life Mein Kabhie Kabhie directed by Vikram Bhatt, in the month of March, 2007.

Aviva Life Mobilizes Capital By 199 cr

Mumbai: Aviva Life Insurance has announced the increase in its capital base by Rs 199.1 crore to Rs 758.2 crore. The infusion has been made by Dabur and Aviva in the proportion of 74:26. The fresh infusion would help fuel growth plans in 2007. According to the source, Aviva plans to increase our branches to 192 locations in India and expand our sales force to 31,000 advisers.

Hindustan Dorr Receives Order From Ruchira Traders

Hindustan Dorr Oliver Ltd has informed that the Company has received an order worth Rs 5.5 crores from Ruchira Papers Pvt Ltd., a Himacahal Pradesh based Kraft Paper Manufacturer for 120 TPD Brownstock Washing System and Elemental Chlorine free bleaching and has also bagged prestigious export order worth Rs 137.41 million for supply of evaporators.

Biocon Cancer Drug To Be Available In Pakistan

Biocon will make available its proprietary cancer drug BIOMAb-EGFR in Pakistan through an exclusive marketing arrangement with Ferozsons Laboratories Ltd. Ferozsons is rated by IMS as the No 1 oncology company in that country. The successful debut of BIOMAb in India since mid-September 2006 has apparently elicited strong licensing interest for the drug in the region. Pakistan''s oncology market is put at $70 million (around Rs 315 crore) and it reports over 25,000 new cases of head and neck cancer alone each year, according to Globocan. Monoclonal antibodies - on which BIOMAb is based - represent the therapeutics category growing at 30 per cent CAGR. Biocon is taking up global studies to extend BIOMAb''s use to beyond head and neck cancer, to colorectal, lung cancer, glioma and pancreatic cancers.

Mascon Global Sets Up NGN Lab In Bangalore

Mascon Global Ltd has announced that on January 16, 2007 the Company has inaugurated its Next Generation Networks (NGN) lab at its Bangalore centre. His Excellency Alejandro Ferreiro, Minister of Trade and Commerce, Republic of Chile inaugurated the lab. He was accompanied by a Senior Chilean Government delegation.Receiving the high power delegation, Sandy Chandra, Chairman of the Company said, Our vision is to be a billion-dollar organization by 2010. We have planned several technology initiatives in order to realise our vision and NGN is one of them. NGN will help us in developing end-to-end cost effective solutions for core networks, access networks & terminal equipments. This will also enable us to develop applications to serve enterprise communication requirements.Sandy Chandra further added, Chile will be one of the strategic locations for MGL to serve Americas and we are committed to build a strong customer base in Chile and Latin America in the areas of Consulting, IT & Telecom Services along with healthcare, e-governance, e-education, and e-commerce. We are exploring the possibilities of setting up a near shore centre in Chile in the near future.

Reliance Inks JV With Yemen Oil Firm For Refinery

Yemen''s Oil Minister Khalid Mahfoudh Dahah said on Tuesday that Reliance Industries Ltd will set up a 50,000 barrels-per-day refinery in a joint venture with Yemen''s Hood Oil company.The refinery will be built in 36 months and its capacity may be doubled at a later stage.RIL will have an obligation to sell products from the refinery in the domestic market for first five months and can export the products later, he said.RIL has been allotted two exploration blocks in a separate joint venture with Hood Oil, while the Gujarat State Petroleum Corporation has been awarded three blocks in Yemen, the minister said on the sidelines of the Petrotech 2007 industry conference.The minister said that new bidding rounds for oil blocks would be announced in the second half of the year. Yemen is expected to put five or six blocks on offer in the new bid round.

Aarvee Denims Signs MoU With Government Of Gujarat

Aarvee Denims & Exports Ltd has informed that the Company has signed an MOU with the Government of Gujarat for project of manufacturing of Cotton Yarn (Spinning) with wind energy generation amounting Rs 212 Crores in the VIBRANT GUJRAT GLOBAL INVESTORS SUMMIT 2007 on January 13, 2007.

GE Shipping Takes Delivery Of MR Product Tanker

Great Eastern Shipping Company Ltd (GE Shipping) has announced that the Company took delivery of its new building MR product / chemical tanker Jag Panna. The 37,154 DWT product tanker built at Hyundai Mipo Dockyard Co. Ltd, South Korea is dually classed with Det Norske Veritas (DNV) and Indian Register of Shipping (IRS) and has IA Ice Class notation.With the induction of Jag Panna, the Companys fleet of 41 vessels comprises 32 tankers (14 crude oil carriers, 16 product carriers, and 2 LPG carriers) and 9 drybulk carriers (1 panamax, 5 handymax and 3 handysize) with an average age of 13.1 years aggregating 2.96 Mn dwt.The Companys current new building order book comprises 8 Product tankers (4 Medium Range and 4 LR1 Product tankers aggregating around 0.47 Mn dwt).

National Plastic - Limited Review For The Quarter Ended Sep 30, 2006

National Plastic Industries Ltd has informed that in the limited review report of the company for the quarter ended September 30, 2006, the auditors of the company have made the following observations:Our comments on quarterly result are as under:1. No adjustments has been made for the following items and explained to be accounted at the year end. Impact thereof on the profitability, of the Company is unascertainable.- Accrued interest on Fixed Deposits with the Bank.- Bad Debts, Doubtful Advances and Income Receivable.- Write offs / back in respect of balances of Sundry Debtors and Sundry Creditors.- Reconciliation of balances of Associate Producers.- Scrutiny of Income Tax and old Sales Tax balances.2. In view of huge unabsorbed losses and depreciation, no provision is required for deferred tax liabilities and no provision for deferred tax assets have been made considering virtual uncertainty of profitability of the company in future.3. No provision has been made in the accounts in respect of liability for retirement benefits by way of accrued gratuity and leave encashment, as the amount has not been determined.

Ispat Industries Enters Into MOU With Government Of Chattisgarh

Ispat Industries Ltd has informed that the Company has entered into a Memorandum of Understanding (MOU) on January 10, 2007 with Government of Chhattisgarh for setting-up a coal-based 600 MW power project. The power project is proposed to be set-up in Janjgir, Champa District of Chhattisgarh. The proposed power project shall entail an investment of approximately Rs 2500 Crores.The implementation of the MOU would be taken up by the Company after obtaining all requisite approvals.

Indiabulls Financial - Grant Of Stock Options To Employees

Indiabulls Financial Services Ltd has informed that the Compensation Committee constituted by the Board of Directors of the Company at its meeting held on January 09, 2007, has granted 25,00,000 Stock Options representing an equal number of equity shares of face value of Rs 2 each in the Company, to the permanent employees of the Company and those of its subsidiary Companies (Eligible Employees), at an exercise price of Rs 272.60, being the closing market price on the National Stock Exchange of India Ltd, as on January 09, 2007.The Stock Options so granted, shall vest in the eligible employees in equal slabs of 20% per year, over a period of 5 years beginning from January 15, 2008, the first vesting date.The options granted under each of the slabs, can be exercised by the grantees within a period of one year from the relevant vesting date.

Satyam & Nipuna Bag Awards, Instituted By AP Government

Satyam Computer Services Ltd on January 09, 2007 has announced that it has bagged two awards instituted by the AP Government. While the Company got the award for Top Indian Exporter in IT Sector In AP, Nipuna Services, Ltd. The Company''s BPO Subsidiary and World''s First eSCM Capability Level 4 Service Provider, has been awarded the Top Indian Exporter in ITES Sector in AP by the information Technology and Communication Department, Government of Andhra Pradesh, with a view to acknowledge stellar performances by Indian IT and ITES organizations.Speaking on the occasion B Ramalinga Raju, founder and chairman, of the Company, said, Satyam and Nipuna (our BPO subsidiary), is proud to receive the awards and it is indeed rewarding to be recognized for our achievement in the field of IT end ITeS. We have always strived to benchmark our services with the global best and this recognition further encourages us to do better. Together, we are well positioned to offer integrated IT and ITeS services to our customers and we thank the government and people of Andhra Pradesh for reposing their faith in us.

Dollex Industries Receives Quota From Sugar Directorate, Commences Sale

Dollex Industries Ltd has informed that the Company has commenced the sale of sugar at its recently acquired Godavari Manar Sugar Factory at Nanded after receiving its Free Sale Quota from the Sugar Directorate. The Company estimates that it will get a better rate on its sugar due to its locational advantage and quality.Commercial production began at Nanded in December 2006 and as of January 2007 has reached full crushing capacity. Molasses produced at Nanded will be transported to the Companys Karnataka distillery for the production of Ethanol, creating further value addition. The logistics between Nanded and Karnataka were planned and worked out well in-advance during the month of November and hence there will be no delay in the production of Ethanol using the raw material from Nanded.Earlier, the Company used to procure raw material for the production of Ethanol from external sugar manufacturers, however with the production having commenced at Nanded, the Company will have a huge pricing edge as well as double its overall Ethanol production.

Bajaj Electricals Looking At Acquisitions

Chennai: Bajaj Electricals Ltd is seeing at chances for acquisitions brands or companies, but will prefer the former. While the acquisition could possibly be in any of its products lines lightings, luminaries and electrical appliances it could also be in a new product, such as inverters. The company will unveil launch its first inverter within the next six months. The product could be outsourced or be from an acquired company. The company''s major investment plan is in its engineering services division, which undertakes lighting projects such as high mast lighting and lighting of stadiums and also produces transmission towers. The company plans to infuse Rs 30 crore in its Ranjangaon facility to increase the processing capacity from 30,000 tonnes of steel to 50,000 tonnes. But generally, contracting out production is the preferred model. Bajaj Electricals will spend Rs 25 crore on brand building and advertisements next year.

Dabur Pharma Introduces Nanoxel In India

Dabur Pharma Ltd has announced the launch of Nanoxel-a novel drug delivery system for the widely used anti-cancer drug Paclitaxel. This nanoscale drug delivery system is Indias first indigenously developed nanotechnology based chemotherapy agent.

The company is very excited to launch the first nanoparticle drug delivery system outside of the United States, said Dr. Anand Burman, Chairman, of the Company.

Dr. Rama Mukherjee, President R&D at Dabur Research Foundation (DRF) added, The drug is a result of years of persevering research in the application of progressive technology for the treatment of various types of cancer at DRF. Owing to its water insolubility, the widely used chemotherapy agent paclitaxel that is known to have substantial anti-tumor activity is now used with a castor oil based solvent, cremophor which in turn is an agent for life threatening side effects. The anticancer drug Nanoxel, based on the principles of nanotechnology, is a cremophor free water soluble formulation-and is indicated as an effective and safe therapy for advanced breast, non-small-cell lung, and ovarian cancinomas.

With the launch of Nanoxel, the Company expects to bring hope of better and safer therapy to a number of ailing cancer patients in India who have suffered for want of a reliable yet cost effective cancer treatment.

The introduction of Nanoxel in India reinforces the Companys image as a significant company with an in-house capability to develop critical anti-cancer products as well as proprietary technologies that considerably accelerate the ongoing research and development work at its research facility. The company also plans to rollout the novel chemotherapy drug delivery formulation Internationally in the near future, said Mr. Ajay K Vij, COO, of the Company.

Cancer as one of the principal chronic non-communicable diseases is a prime public health concern and affects approximately 1 million new cases every year in India.

Sirpur Paper - Notice Of Postal Ballot

Sirpur Paper Mills Ltd has informed that the members of the Company will consider to approve the Ordinary resolution by way of Postal Ballot, to mortgage and /or charge, in addition to the mortgage / charges created or to be created by the Company, on all or any of the moveable and / or immoveable properties of the Company, both present and future and / or the whole or any part of the undertaking(s) of the Company together with the power to takeover the management of the business and concern of the Company in certain events of default, in favour of the Lender(s), Agent(s) and Trustee(s) for securing the borrowings availed / to be availed by the Company, by way of loan(s) (in foreign currency and / or rupee currency) upto Rs 400 crore, together with interest at the respective agreed rates, additional interest, liquidated damages, commitment charges, premia on prepayment, all other costs, charges and expenses, including any increase as a result of devaluation / revaluation / fluctuation in the rates of exchange and all other monies payable by the Company in terms of the Loan agreement(s) or any other document, entered into / to be entered into between the Company and the Lender(s) and Trustee(s), subject to necessary provisions and approvals.The Company has appointed Shri. A J Sharma, a Practicing Company Secretary as Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.The Postal Ballot form duly completed should reach the Scrutinizer on or before January 25, 2007. The Scrutinizer will submit his report addressed to the Board of Directors of the Company to one of its Directors after completion of the scrutiny in a fair and transparent manner and the results of the Postal Ballot will be announced by the Chairman of the meeting at the Extra-ordinary General Meeting of the Company to be held on January 27, 2007.

India, China To Look At FTA Again

India and China are going discuss a bilateral trade agreement later this week, with officials from the two sides meeting in New Delhi, armed with a second opinion. A joint study group (JSG), which analyses the feasibility of a trade pact, had earlier recommended a free trade agreement (FTA), but India had to put the idea on the backburner due to concerns of the domestic industry. With Beijing keen on going ahead with an FTA, which will result in India and China lowering customs duty on products, the neighbours have assigned the job to independent agencies to look at the possibility of a pact. The JSG had also recommended a second opinion by a joint taskforce, which will meet this week. A report by National Council of Applied Economic Research (NCAER), mandated by the Indian government to analyse the impact of a pact, has found areas of comparative advantage for products from both India and China. While both have advantages when it comes to textiles, silk and iron and steel, China seems to have an upper hand in the manufacturing sector. This is precisely the fear that the Indian industry has and had last time round managed to convince the government that a trade pact for trade in goods will result in a flood of cheap imports. Besides, a section in the government also thinks that a trade agreement with China may not be beneficial to Indian companies. The no-sayers point to the fact that Beijing is still not treated as a market economy since it provides subsidised inputs and capital - thanks largely to the absence on any prudential standards. Besides, with an artificially pegged currency and subsidies, many of which are hidden, the industry is of the opinion that Chinese exports have an unfair advantage.

While NCAER has used bilateral trade data to work out the areas of comparative advantage, the report is seen by the industry as largely a mathematical exercise which does not factor in the concerns on subsidies and an artificially pegged currency.

MSK Projects Gets New Work Orders

MSK Projects India Ltd has informed that the Company has received orders worth Rs 1006.18 Lacs:

- Work order worth Rs 727.59 Lacs for Civil and Structural works for offsites and units under GFEC project at Mumbai Refinery from Hindustan Petroleum Corporation Ltd (HPCL), Mumbai.

- Work order worth Rs 278.59 Lacs for Civil and Structural works for Argon Refinery Plant at Hazira - Surat for M/s KRIBHCO through Linde Process Technologies, New Delhi.

Hinduja TMT Secures Intelligent Enterprise Awards 2006

Hinduja TMT Ltd has announced that the Company has won the Intelligent Enterprise award at the Technology Senate 2006 in IT / ITeS Category. This award is given to organizations that have leveraged their IT skills to upgrade their processes and have displayed overall business excellence through use of technology.

Over 200 CIOs from all sectors of economy gathered at the Technology Senate 2006, the countrys premier IT event, an initiative of the Business Publication Division of the Indian Express Group. The event was held in Mumbai from December 03 to December 06, 2006. Ernst & Young were the Process Advisors and the jury included senior professionals from Corporate India.

The Companys initiative was spearheaded by Mr Ajay Bakshi, Head, Process Improvement & Automation. In his response to the Companys winning the award against stiff competition, Ajay Bakshi commented What made the victory so worthy was that all the systems were built in-house with employee engagement. The benefits derived from this technology initiative are key differentiators in increasing productivity.

Partha Sarkar, CEO of the Company, said HTMTs commitment continuous process innovation has not only improved its internal systems but has also generated huge value adds to the client processes. With continuous emphasis on its KPO initiatives, the company will be able to cut down its operational costs and further increase its efficiencies and delight customers.

Vardhman Industries Members To Approve Alteration Of MoA

Vardhman Industries Ltd has informed that the members of the Company will consider to approve the special resolution by way of Postal Ballot for Alteration of Objects Clause - III C of the Memorandum of Association of the Company by inserting the sub-clause 27(a) to (h) after the existing sub clause 26.

The Company has appointed Sh S P Sharma, Advocate, as Scrutinizer for conducting Postal Ballot process in a fair and transparent manner.

The Postal Ballot forms duly completed should reach the Scrutinizer on or before January 29, 2007. The Scrutinizer will submit his report to Chairman after completion of the scrutiny of the Postal Ballot(s). The result of the Postal Ballot will be announced by Chairman on January 31, 2007.

Kakatiya Textiles Members Sanction Transfer Of Registered Office

Kakatiya Textiles Ltd has informed that the members of the Company will consider to approve the special resolution by way of Postal Ballot for transferring the Registered Office of the Company from the State of Andhra Pradesh to State of Tamil Nadu & consequential amendments in Memorandum of Association of the Company.

The Board of Directors of the Company has appointed Mr M R Thiagarajan, a Practicing Company Secretary, as Scrutinizer for conducting Postal Ballot process in a fair and transparent manner.

The Postal Ballot forms duly completed should reach the Scrutinizer before the closing of working hours on January 15, 2007. The Scrutinizer will submit his report to Chairman & Managing Directors of the Company after completion of the scrutiny of the Postal Ballot(s). The result of the Postal Ballot will be announced by Chairman & Managing Director of the Company on January 17, 2007.

Shakti Press Members Sanction Change In Accounting Year

Shakti Press Ltd has informed that the members at the 13th Annual General Meeting (AGM) of the Company held on December 30, 2006, inter alia, have accorded to the following:

1. Adoption of the Profit and Loss Account of the Company for the year ended June 30, 2006 and the Balance Sheet as on that date and Report of the Auditors and Directors.

2. Re-appointment of Shri Deepak Dhote and Shri Suresh Kumar Sharma on the Board of the Company.

3. Re-appointment of M/s L B Hajare & Co., Chartered Accountants, Nagpur, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until conclusion of the next Annual General Meeting.

4. Appointment of Shri V Ramchandran, Director who had been appointed at Board Meeting held on November 29, 2006 has been confirmed.

5. Change in the Accounting Year was confirmed and Accounting for the year 2006-07 shall be from July 01, 2007 to March 31, 2008 and subsequently the each accounting year will be from April 01, to March 31.

6. Voluntary delisting of shares from Ahmedabad Stock Exchange, Delhi Stock Exchange and Madras Stock Exchange.

7. Issue of Equity Shares on preferential basis for amount of Rs 4,47,98,000/- by Special Resolution under Section 81(1A) of the Companies Act, 1956.