Bharat Electronics Ltd Has Informed - Sep 30, 2008

Bharat Electronics Ltd has informed that the Shareholders of the Company at their 54th Annual General Meeting (AGM) held on September 29, 2008 declared payment of 147% Final Dividend on the paid up equity capital of the Company (Dividend @ Rs 14.70 per share)

Commercials Ltd Has Informed That The Members - Sep 30, 2008

Aroni Commercials Ltd has informed that the members at the 23rd Annual General Meeting (AGM) of the Company held on September 27, 2008, inter alia, have unanimously passed the following resolutions:

1. Approval of the Audited Statement of Accounts for the year ended March 31, 2008 and Balance Sheet as on that date a1ong the Reports of Directors and Auditors thereon.

2. Re-appointment of Shri. Umaidmal Kala as Director of the Company.

3. Appointment of M/s. Lalit Mehta Associates, Chartered Accountants as Statutory
Auditors of the Company to hold office from the conclusion, of the Annual General
Meeting until the conclusion of next Annual General Meeting and authority to the
Board of Directors to fix their remuneration.

4. Appointment of Shri. Rajnikant Khalpada as Director of the Company, who was appointed as an Additional Director of the Company on March 26, 2008.

Company By Way Of Postal Ballot - Sep 30, 2008

SMIFS Capital Markets Ltd has informed that the members of the Company by way of Postal Ballot have passed the following resolutions with requisite majority :

1. Amendment of Clause III-C being Other Objects for which the Company is established of the Memorandum of the Association of the Company.

2. Authority to commence and undertake business specified in Sub-Clause 27 of Clause III-C being Other Objects for which the Company is established.

Electric Supply Company Ltd Has Informed - Sep 29, 2008

Anand Electric Supply Company Ltd has informed that the Members at the 73rd Annual General Meeting (AGM) of the Company held on September 27, 2008, inter alia, have accorded the following:

1. Adoption of audited Balance Sheet as at March 31, 2008, Profit & Loss Account for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.

2. Re-appointment of Mr. Hemant Panpalia as a Director of the Company, liable to retire by rotation.

3. Appointment of M/s. Pawan Lakhotia & Co., Chartered Accountants, Mumbai, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting, on remuneration, terms & conditions as may be decided by the Board.

Corporation Ltd Has Informed That The Members - Sep 29, 2008

Step Two Corporation Ltd has informed that the members at the 14th Annual General Meeting (AGM) of the Company held on September 27, 2008, inter alia, have accorded the following:

1. Adoption of the Profit and Loss account for the year ended March 31, 2008, the Balance Sheet as at that date the report of Directors and Auditors thereon.

2. Re-appointment of M/s. Agrarwal Singhania & Co., Chartered Accountants, Kolkata, who have offered themselves for appointment in place of retiring auditors, B P Agrawal & Associates, Chartered Accountant, Kolkata, as Auditors of the Company to hold such office till the conclusion of the next Annual General Meeting of the Company on remuneration, terms and conditions.

3. Re-appointment of Shri. Ashok Kumar Sharma & Shri. Anup Fatehpuria as Directors of the Company.

Universal Prime - Outcome Of AGM - Sep 29, 2008

Universal Prime Aluminium Ltd has informed that the members at the 36th Annual General Meeting (AGM) of the Company held on September 27, 2008, inter alia, have accorded to the following:

1. Adoption of Audited Accounts for the year ended March 31, 2008 alongwith the Reports of the Directors and Auditors thereon.

2. Re-appointment of Mr. Basant Kumar Daga, as a Director of the Company.

3. Appointment of M/s. Singhi & Co., Statutory Auditors to hold office from conclusion of the Annual General Meeting till conclusion of next Annual General Meeting.

4. Re-appointment of Mr. Prakash Kumar Mohta as Managing Director for a period of 3 years with effect from October 01, 2008.

Gujarat Mineral Development Corporation - Sep 27, 2008

Gujarat Mineral Development Corporation Ltd (GMDC) has informed that the shareholders in the adjourned Annual General Meeting held on September 24, 2008 have approved issuance of Bonus shares in the ratio of 1:1 and authorized the Board of Directors to fix a record date to decide the entitlement of Bonus. Accordingly, the Board has decided October 17, 2008, as the record date for the purpose of deciding entitlement of shareholders for Bonus.

A Power - Extension Of Financial Yeara - Sep 27, 2008

S&S Power Switchgear Ltd has informed that the Board of Directors of the Company at its meeting held on September 24, 2008, inter alia, has been resolved to extend the Financial Year 2007-08 (October - September) upto March 31, 2009 for a period of 18 months subject to the approval of Registrar of Companies.

Company Made An Application To The Registrar - Sep 27, 2008

Fischer Chemic Ltd has informed that the Annual General Meeting (AGM) of the Company ought to be held before September 30, 2008. As the Directors are preoccupied in restructuring the operations of the Company, the Company made an application to the Registrar of Companies, Chennai seeking extension of time for holding the Annual general meeting. The Registrar of Companies, Chennai vide letter dated September 01, 2008 has granted extension of three months for holding the Annual General Meeting.

Contract Is For Design, Engineering, Supply, Erection - Sep 26, 2008

McNally Bharat Engineering Company Ltd has received an Order from Bharat Heavy Electricals Ltd for Design, Engineering, Supply, E&C and Structural Steel Works of Coal Handling Plant Mechanical Equipments for GSECL, 1x500 MW UKAI Project. The order is valued at Rs 115 crores inclusive of all taxes and duties and the completion period is 18 months.

The company recently also has bagged another order valued at Rs871.2 mn fom Damodar Valley Corporation. The contract is for design, engineering, supply, erection, testing and commissioning of combined ash slurry disposal system for both coal based Bokaro TPS `A` 1x(500 MW + 20%) and `B` (3x210 MW).

McNally Bharat Engineering Company provides turnkey solutions in the power, steel, alumina, material handling, mineral beneficiation, coal washing, ash handling and disposal, port cranes, civic, industrial water supply and other areas

Aban Offshore Signed Letter Of Agreement - Sep 26, 2008

Aban Offshore has signed a Letter of Agreement with Husky Oil China Ltd for the deployment of the jack-up rig Deep Driller 5 offshore China for a 3 firm wells along with 3 optional wells programme.

Subject to the fulfillment of conditions, the estimated revenues from the firm period of the Contract (with an estimated duration of approx 180 days) would be approx. USD 38.70 million (Equivalent to Rs 178 Crores).

The deployment is to commence in direct continuation of its present contract, which is expected in the first quarter of 2009

Largest IT Services Company Infosysa - Sep 26, 2008

Standard & Poor''s rating services has informed that there is no decline in rating on India''s second largest IT services company Infosys following the recent financial market turmoil. However, S&P do not see any increase in rating due to financial services represent the largest industry segment for Infosys. Going ahead, S&P''s rating on Infosys is supported by their conservative financial profiles, consistent profitable track record, and debt-free or minimal debt position.a

Company From Its Current Industry - Sep 25, 2008

Tata Chemicals Limited (TCL) will commission its sweet sorghum fed ethanol plant in Nanded, Maharashtra, next month. It will be a landmark practice for the company from its current industry practice as will be country’s first pure sweet sorghum ethanol plant. Natural sweetener in sorghum syrup might be proved right for counting calories, especially among sweet diabetic population. Researchers are claiming from long that this is ideal bioethanol crop for India.
At present the plant will be a small commercial plant with capacity of 30 KL per day and will reach to its full capacity of 8 million liters per year by 2010.
Tata Chemicals is a leading manufacturer of inorganic chemicals. Along with this it also manufacturers fertilizers and food additives.

HPL Witnesses Lower Demand For Its Products - Sep 25, 2008

Haldia Petrochemicals Ltd (HPL) seems to have been trapped in the crossroads of short-term sacrifices for a longer-term gain. While a low naphtha price and weak rupee regime is welcome in the longer term perspective, in the short-run the company is facing a lower demand for its products leading to increasing inventory as purchasers are postponing purchases in expectation of slide in product prices. To add to the problem, the sharp decline in feedstock as well as polymer product prices is adding pressure on margins due to trade losses involved. The naphtha rates had declined from as high as $ 1100 a tonne to $ 750 in last two months. The company has revised its polymer product rates at least in 10 occasions between April and September 2008 as against about 11 revisions in the full year of 2007-08. As the company continues to function at 110 per cent capacity utilisation, HPL''s polymer product inventory has moved by nearly 25-30 per cent during the last one month as most of the downstream processors rationed their buys.

Company Is Growing One Million Hectares - Sep 25, 2008

India-based oil refinery BPCL is planning to invest nearly $480 million in a joint venture to produce biodiesel within three to four years. So the company is growing one million hectares of jatropha to feed a new biodiesel joint venture within three to four years. This planning came after the government announcement on September 11, 2008 about a national biofuel policy that sets a target of having a 20% blend of biofuels in all transportation fuels sold in the country by 2017. The jatropha will be used to provide feedstock for the biodiesel production and the company will plant jatropha in the northern state of Uttar Pradesh.

Reliance Power And Power Purchase Agreements - Sep 24, 2008

Mr. Ambani, the Chairman of Reliance Power Ltd, the company which is engaged in the development, construction and operation of power generation projects with a installed capacity of over 28,000 MW, said- the power generated will be sold under a combination of long term and medium term Power Purchase Agreements (PPAs). He also conveyed while addressing the gathering that, a portion of the capacity will also be reserved for merchant sale. So far, long-term PPAs to the tune of 10,000 MW have been committed.

Moreover, the company is also exploring opportunities in solar power. For this, it is setting up a 100 MW grid interactive concentration solar power plant through an exclusive tie-up with a technology provider.

Sterlite Industries - Proposed Restructuring - Sep 24, 2008

Sterlite Industries India Ltd has informed that in view of the recent changes in the global financial markets, and investor feedback an urgent meeting of the Board of Directors of the Company was convened on September 24, 2008 to review the proposed Restructuring Scheme approved in the meeting held on September 09, 2008. After deliberations, the Board has decided not to pursue the proposed Restructuring Scheme.

The Company is committed to simplifying and streamlining the Group Corporate structure in the interest of all shareholders.

In this regard the Company has issued the Press Release titled Vedanta Not To Pursue Proposed Group Restructuring (the Restructuring)

Press Release:

The Restructuring announced by Vedanta Resources plc (Vedanta) on September 09, 2008 was a direct response to shareholder requests to simplify the current corporate structure and eliminate conflicts of interest.
In view of the recent changes in global financial, markets and investor feedback, Vedanta has decided not to pursue the proposed group restructuring.

Vedanta remains committed to simplifying and streamlining its corporate structure in the interests of all shareholders.

Wipro Infotech Unveils New Manufacturing Unit - Sep 24, 2008

The India and Middle East IT business of Wipro, Wipro Infotech has opened its second manufacturing unit in Uttarakhand with an undisclosed investment. On this occasion company has informed that, the plant has a manufacturing capacity of nearly 1000 machines per day and will manufacture servers, storage, notebooks, desktops and allied IT electronics. Spread over 5.5 acres of land at the foothills of the Himalayas the facility is another expression of company''s commitment towards Wipro''s computing business which has shown a robust growth over the years. Further, the new unit of Wipro Infotech is a Green facility which will manufacture 100 per cent Restriction of Hazardous Substances (ROHS) compliant products

BHEL Plans Joint Venture Company For Forgings And Castings - Sep 23, 2008

Bharat Heavy Electricals Ltd (Bhel), India’s biggest power equipment maker, plans a joint venture company worth of a Rs1,500 crore for forgings and castings to gain technology, according to chairman and managing director K. Ravi Kumar.

He also added that the state-controlled equipment maker has received interest from as many as 15 companies, which includes both local and overseas. But the proportion of the equity stake to be offered hasn’t been decided. He also said that There is a short supply of forgings and castings and we don’t have the technology for higher tonnage. “Supply chain management is the main reason for this. We want to source our material from this joint venture.”

Along with this, the company is forming joint ventures with NTPC and Nuclear Power Corp to increase its capability to meet the rising demand for the power generation equipment and gain know-how.

With a view to diversify its business footprints in the international business arena, Bhel is also in talks with infrastructure Leasing and Financial Services for financing its overseas operations. The company is eyeing to make its entry in West Asia, Europe and Africa

Moschip Semiconductor - Grant Of Stock Options - Sep 23, 2008

Moschip Semiconductor Technology Ltd has informed that the Compensation Committee of the Company vide Circular Resolution effective September 22, 2008, has granted :

1. 23,13,000 Stock Options to the eligible employees of the Company under Stock Option Plan 2001, 2002, 2004 & 2008 at a price of Rs 13.15 per Option (Closing price as on September 19, 2008). These Options will vest after completion of one year, equally in a span of 4 years from the date of grant and can be exercised within 5 years from the date of vesting.

2. 4,54,054 Stock Options to the eligible employees of the Company under Stock Option Plan 2008 (ALR) at a price of Rs 13.15 per Option (Closing price as on September 19, 2008). These Options will vest after completion of one year, equally in a span of 2 years from the date of grant and can be exercised within 5 years from the date of vesting.

3. 4,00,000 Stock Options to the directors of the Company under Stock Option Plan 2008 (Director) at a price of Rs 13.15 per Option (Closing price as on September 19, 2008). These Options will vest after completion of one year, equally in a span of 2 years from the date of grant and can be exercised within 5 years from the date of vesting

Kovai Medical - E-Mail ID For Investors Complaints - Sep 23, 2008

Kovai Medical Center & Hospital Ltd has informed that the given below are the details of the email id designated exclusively for grievance redressal division / compliance officer:
Mail ID of the Compliance Officer : spchittibabu@gmail.com
Mail ID of the Investor Grievance Redressal division :
secretarialdept@kmchonline.com

Companies Wanted Continued Fiscal Support - Sep 22, 2008

Faced with serious challenges, including fast diminishing cost advantage, the IT and ITES industry wanted an extension of the income-tax holiday, a CII KMPG study said. IT companies looking to benefit from weakening rupee. Companies wanted continued fiscal support from the Government in the form of extension of the provisions of Section 10 A/10 B of the Income Tax Act 1961, according to the results of the study released here today. The income tax holiday under Sections 10 A/10 B are set to expire on March 31, 2010. According to the study conducted by the Confederation of Indian Industry (CII) along with KPMG, the report said that the industry was today faced with serious challenges ranging from increasing competition from other sectors, diminishing cost advantage and shortage of trained talent.

The expiry of the tax holiday was among the biggest challenges for the sector followed by increasing costs. There was a consensus that the expiry of the holiday will result in lowering India''s attractive index as the cost of doing business in India will increase. The pressure would be comparatively high on the small and medium companies who among others, may not be able to effectively leverage the SEZ scheme. Almost two thirds of the respondents to the survey believe that the expiry of the tax holiday will have an adverse effect on recruitment and demand for extension of the holiday was more skewed towards assisting small and mid sized companies

Networth Stock Sings MOU With Punjab National Bank - Sep 22, 2008

Networth Stock Broking Ltd (NSBL) has informed that the Company has signed a MoU with Punjab National Bank (PNB), the nations second largest Bank for an Internet trading alliance. The alliance entails NSBL providing its online trading platform and expertise for e-broking services in Equities and Derivatives and online IPO services to the customers of PNB.
This alliance complements the strengths of NSBL and PNB. PNB, established in 1895, now with its very strong pan India and global presence renders the whole gamut of banking services viz. Personal & Corporate banking, Industrial, Agriculture and Trade Finance and International banking. NBSL will leverage its strong technology, research, innovative, product and service support abilities to cater to the capital market transaction execution needs of PNB customers. This alliance will provide the PNB customer a wholesome financial market experience with the help of an end to end solutions ranging from Banking to Investments

Allahabad Bank To Focus On Expansion Drive - Sep 22, 2008

Allahabad Bank, according to its Chairman and Managing Director, Mr K.R. Kamath, suggested to concentrate on the expansion of client base and enlargement of resources base. Mr Kamath giving a view of the financial performance of the Kolkata Metropolitan area of the bank, Mr Ashok Dutt, General Manager and zonal head of Kolkata Metro Zone, said the zone''s profit increased by 20.02 per cent for the quarter ended June 30, 2008, compared with the corresponding quarter of last year. Deposits for the zone grew at Rs 7,010.60 crore as on June 30, 2008, up from Rs 6,900.51 crore as on March 31, 2008. Low-cost current account and savings account deposits increased by about 41 per cent during the quarter and gross credit by 6.21 per cent

Zenith Infotech - Outcome Of AGM - Sep 20, 2008

Zenith Infotech Ltd has informed that the members at the 12th Annual General Meeting (AGM) of the Company held on September 06, 2008, inter alia, have accorded to the following:
1. Adoption of the Profit & Loss account for the year ended March 31, 2008 and the Balance Sheet as at that date, and the Reports of the Directors and Auditors thereon.
2. Declaration of Dividend of Rs 1.50/- per Equity Share on 1,22,35,444 Equity Shares of the Company.
3. Re-appointment of Mr. Raj Kumar Saraf, as a Director of the Company.
4. Appointment of Messrs. C L Khanna & Co., Chartered Accountants, as Statutory Auditors of the Company for the financial year 2008-2009 to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Appointment of Mr. Akash Saraf, as the Managing Director of the Company, for a period of 2 years with effect from February 01, 2008, on remuneration, terms and conditions

Poonam Corporation - Outcome Of AGM - Sep 20, 2008

Poonam Corporation Ltd has informed that the Shareholders at the Annual General Meeting (AGM) of the Company held on September 19, 2008, inter alia, have approved the Audited Accounts for financial year 2007-08 and other matter as per notice issued

Broadcast Initiatives - Post Offer Status - Sep 20, 2008

Saffron Capital Advisors Pvt Ltd (Manager to the Offer), on behalf of HDIL Infra Projects Pvt Ltd, Mr Rakesh Kumar Wadhawan & Mr Sarang Wadhawan (Acquirers) and Mr Waryam Singh & Mr Ashok Kumar Gupta (Persons Acting in Concert or PACs), has issued Post Offer Public Announcement to the Shareholders of Broadcast Initiatives Ltd (Target Company), which is in continuation of & should be read in conjunction with the Public Announcement (PA) dated June 26, 2008 & corrigendum to the PA dated July 30, 2008 & the Letter of Offer dated July 24, 2008, under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 1997 and subsequent amendments thereto (SEBI (SAST) Regulations), to acquire 50,62,800 fully paid up Equity Shares of Rs 10/- each, representing 20% of the post issue capital of Target Company at a price of Rs 36.50/- (Rupees Thirty Six & Paisa Fifty only) per fully paid up equity shares, payable in cash.
Details of Acquisition:
Sr. No. Items Proposed in the
Offer Document Actual 1 Offer Price Rs 36.50 Rs 36.50 2. Share holding of the Acquirer before SPA/PA - Number of Shares (%) 41,048*
(0.21%) 41,048
(0.21%) 3. Shares acquired by way of SPA or Market purchases - Number of Shares (%)
Shares acquired by way of a Preferential Allotment - Number of Shares (%) Upto 69,10,140
(Upto 27.30%)
60,00,000
(23.70) 41,23,072
(16.32%)
60,00,000
(23.70%) 4. Voting Rights acquired pursuant to the acquisition of Preference shares on which dividend was in arrears for more than 2 years - - 5. Shares acquired in the Open Offer - Number of Shares (% of paid up capital) 50,62,800
(20.00%) 27,87,068
(11.01%) 6. Size of the
Open Offer (No. of shares multiplied by offer price per share) 50,62,800 shares x Rs 36.50 = 18,47,92,200 27,87,068 shares x Rs 36.50 = 10,17,27,982 7. Shares acquired after PA but before 7 working days
prior to closure date, if any (No & %) - - 7.1 Price of the shares acquired - - 7.2 No of shares acquired - - 7.3 % of shares acquired - - 8. Post Offer share holding of Acquirer - Number of Shares (%) (2+3+4+5+7) 1,29,10,140
(51.00%) 1,29,51,188
(51.21%) 9. Pre & Post offer Shares holding of Public (No & %) Pre Offer
85,50,800
(44.27%) Post Offer
1,24,03,860**
(49.00%) Pre Offer
85,50,800
(44.27%) Post Offer
1,23,62,812**
(48.79%) 10. Status of Escrow Account, whether released or not No 11. Payment of Interest, if any, to the shareholders along with thereof Not applicable 12. Status of Investor complaints received, if any Not applicable * These shares are included under the Public Category.
** Includes shareholding of Existing Promoters as they are reclassified under Public Category on completion of Open Offer

Ennore Coke Fixes Book Closure For AGM - Sep 19, 2008

Ennore Coke Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from September 09, 2008 to September 13, 2008 (both days inclusive) for the purpose of 23rd Annual General Meeting (AGM) of the Company to be held on September 15, 2008

Allsoft Corporation fixes Book Closure for AGM - Sep 19, 2008

Allsoft Corporation Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from September 27, 2008 to September 30, 2008 (both days inclusive) for the purpose of 17th Annual General Meeting (AGM) of the Company to be held on September 30, 2008

Grasim Industries Creditors To Approve Scheme Of Arrangement - Sep 19, 2008

Grasim Industries Ltd has informed that pursuant to an order made on September 01, 2008, the High Court of Madhya Pradesh Indore Bench has directed that a meeting of the secured creditors (including debenture holders) of the Company will be held on October 13, 2008 or so soon thereafter after the conclusion of the meeting of the equity shareholders of the Company, for the purpose of considering, and if thought fit, approving with or without modification, the Scheme of Arrangement between the Grasim Industries Ltd (Applicant Company), Vikram Sponge Iron Ltd and their respective shareholders and creditors (the Scheme).

Further, pursuant to an order made on September 01, 2008, the High Court of Madhya Pradesh Indore Bench has directed that a meeting of the unsecured creditors of the Company will be held on October 13, 2008 or so soon thereafter after the conclusion of the meeting of the secured creditors (including debenture holders) of the Company, for the purpose of considering, and if thought fit, approving with or without modification, the Scheme of Arrangement between the Grasim Industries Ltd (Applicant Company), Vikram Sponge Iron Ltd and their respective shareholders and creditors (the Scheme).

Pratibha Industries secures contract - Sep 18, 2008

Pratibha Industries Ltd has informed that the Company have secured a contract for design, construction etc. of water supply scheme along with ancillary work from Delhi Jal Board (DJB). The total value of the contract is Rs 156.00 crores.

The project involves design, construction, supplying, laying & Jointing, testing & commissioning (with operation and maintenance for 5 years) of 1500 mm dia. MS pipe of total length of 22 km for raw mater supply along with ancillary work. The project is to be executed in 21 months.
The Company is engaged in the business of infrastructure and manufacture of SAW pipes. As the Company moves ahead, it has laid increased emphasis on devising its business strategy on aggressive top line growth, a de-risked business model and increased operational efficiencies

Dhunseri Tea Board To Consider Dividend - Sep 18, 2008

Dhunseri Tea & Industries Ltd has informed that a meeting of the Board of Directors of the Company will be held on September 30, 2008, inter alia, to consider the Audited
Financial Results for the year ended March 31, 2008 and also dividend, if any, for the year 2007-2008

Melstar Information - Open Offer - Sep 18, 2008

Aryaman Financial Services Ltd (Manager to the Offer) on behalf of Godavari Corporation Pvt Ltd, Nirved Traders Pvt Ltd, Shearson Investment & Trading Company Pvt Ltd (Acquirers) has issued this Public Announcement (PA) to the Shareholders of Melstar Information Technologies Ltd (Target Company), pursuant to Regulation 10 & 12 & other provisions of Chapter III & in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 & Subsequent amendments thereto (Regulations).

The Offer:
The Acquirers making an Open Offer to acquire up to 28,56,628 equity shares (Shares) of the face value of Rs 10/- each, representing in aggregate 20% of the paid up equity share capital & voting capital of the Target Company in terms of Regulation 21(1) of the SEBI (SAST) Regulations, at a price of Rs 15/- (Rupees Fifteen only) per fully paid equity share (Offer Price) payable in cash subject to the terms & conditions mentioned in this PA & the Letter of Offer.
Schedule of Activities:
Specified Date - September 27, 2008
Date of Opening of the Offer - November 05, 2008
Date of Closing of the Offer - November 24, 2008

Tilaknagar Industries - Notice Of Postal Ballot - Sep 16, 2008

Tilaknagar Industries Ltd has informed that the Members of the Company will consider to approve by way of Postal Ballot the special resolution relating to shift the Registered Office of the Company from 3rd Floor, Industrial Assurance Building, Churchgate, Mumbai - 400 020 to P.O. Tilaknagar, Rly. St. Belapur, Dist. Ahmednagar, Maharashtra - 413720, within the State of Maharashtra.

The Company has appointed Mr. Chetan Dalal, Practicing Chartered Accountants, as the 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 the closing business hours on October 13, 2008. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced by the Chairman on October 14, 2008

Cybermate Infotek - Extension Of AGM Date To Be Held - Sep 16, 2008

Cybermate Infotek Ltd has informed that the Registrar of Companies, A.P. has granted extension of time for holding the Annual General Meeting for the year ended on March 31, 2008 for a period of 2 months i.e. upto November 30, 2008 (Normally the AGM is to be held on or before September 30, 2008). Accordingly, the AGM for the year ended on March 31, 2008 will be held on or before November 30, 2008

Rei Agro Fixes Record Date For Final Dividend & Scheme Of Arrangement - Sep 16, 2008

Rei Agro Ltd has informed that the Board of Directors of the Company in its meeting held on September 13, 2008 have fixed record date on September 29, 2008 for the purpose of:

1. Determining the names of the equity and preference shareholders for declaration of the Final Dividend for the Financial Year 2007-2008.

2. Determining the names of the equity shareholders for the purpose of giving effect to the Scheme of Arrangement

M/S. Gayatri Projects Ltd - Sep 15, 2008

Gayatri Projects Ltd has informed about the following :
M/s. Gayatri Projects Ltd, had informed the Exchange regarding outcome of the Extra Ordinary General Meeting of the Company held on March 24, 2008, that the proposed issue of 15,00,000 warrants resulting into equity shares of Rs 10/- each at a later date on preferential basis in terms of Section 81(1A) of the Companies Act, 1956 to the promoters of the Company, as approved in the Extra Ordinary General Meeting of the Company held on March 24, 2008 stands cancelled / withdrawn as the issue / allotment has not taken place in terms of Chapter XIII - Clause 13.4.1 of SEBI (Disclosure & Investor Protection) Guidelines, 2000

Lotus Eye Care Revises Book Closure - Sep 15, 2008

Lotus Eye Care Hospital Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed on September 26, 2008 (Revised) for the purpose of 11th Annual General Meeting (AGM) of the Company to be held on September 26, 2008

Twenty First Century - Change Of Name Of The Company - Sep 15, 2008

Twenty First Century Printers Ltd has informed that the name of the Company has been changed from Twenty-First Century Printers Ltd to TCPL PACKAGING LTD with effect from September 10, 2008.

The Company has received Fresh Certificate of Incorporation consequent upon Change of Name, issued by the Deputy Registrar of Companies, Maharashtra, Government of India Ministry of Corporate Affairs dated September 10, 2008 in this regard

RNCOS Releases a New Report - Emerging Rural Insurance - Sep 13, 2008

RNCOS has recently added a new Market Research Report titled, "Emerging Rural Insurance Market in India" to its report gallery. India is fast emerging on the world map as a strong economy and a global power. The country is going through a phase of rapid development and growth. All the vital industries and sectors of the country are registering growth and thus, luring foreign investors. And insurance sector is one of them. To throw light on the Indian insurance sector, RNCOS launched a new report that gives an extensive research and in-depth analysis of the insurance sector in India. This report helps clients to analyze the leading-edge opportunities critical to the success of the insurance industry in India. Based on this analysis, the report gives a future forecast of the market that is intended as a rough guide to the direction in which the market is likely to move

Alok Ind Ties Up With Zameen To Promote Fair-Trade Cotton - Sep 13, 2008

Alok Industries Ltd, one of the leading integrated textile companies, has inked a memorandum of understanding with Zameen Organic Ltd, a cotton trade company owned by Small Farmers'' Associations, for promoting organic fair-trade cotton. About 6,000 small cotton farmers from Vidarbha in Maharashtra and Adialabad in Andhra Pradesh are members of this company. Alok Industries will procure 1,500 tonnes of organic and fair-trade cotton from Amravati in Vidarbha and Adilabad in Andhra Pradesh in the cotton season 2008-09 beginning next month. The plan paves way for new era of organic fair-trade cotton in a big way both in domestic and international market trade. The total size of organic and fair-trade market globally is at $3.3 billion, growing at 40 per cent a year and Zameen promises 10 per cent premium at retail level. The alliance between Alok and Zameen Organic will assure fair price of seed cotton to marginal cotton growers in Vidarbha and Adilabad that covers the cost of production, provide refinancing opportunity to the farmers

NTPC''s Plant In Orissa Witnessing Coal Deficit - Sep 13, 2008

NTPC Ltd''s 3,000 MW Kaniha power plant in Orissa is lurching under a coal shortage due to supply disruptions from Mahanadi Coal Fields. NTPC has only a day''s coal stock with them instead of its usual inventory of 15 days of stock. The country''s second largest single location power plant currently needs 50,000 tonnes coal a day to run five of its six power units of 500 MW each. Once the sixth unit, which is currently under annual maintenance, begins running at full capacity, the NTPC unit will need 55,000 tonnes to feed all units. The coal supply situation continues tight in the plant. NTPC Kaniha draws coal from Talcher coal mines, Ib valley, and Lingaraj coal mines, all units of Mahanadi Coal Fields

Shyam Software Fixes Record Date For Scheme Of Arrangement - Sep 12, 2008

Shyam Software Industries Ltd has informed that the Honble High Court of Gujarat has sanctioned the Composite Scheme of Arrangement in the nature of Amalgamation of Majesty Agro Foods Pvt. Ltd. with Shyam Software Industries Ltd. and Reconstruction of Capital of Shyam Software Industries Ltd. vide Order dated July 07, 2008, therefore to implement the said sanctioned scheme the Board of Directors has decided to keep October 22, 2008 as Record Date, subject to sanction of Stock Exchange, to issue new shares of Face Value of Re 1/- each to effect the reduction of share capital and to issue new fresh equity shares of face value of Re 1/- each to the shareholders of Majesty Agro Foods Pvt. Ltd. (Transferor Company)

Energy Development - Allotment of Warrants Issued On - Sep 12, 2008

Energy Development Company Ltd has informed that the Company has, on September 11, 2008 has allotted 40,00,000 warrants pursuant to the resolution passed under section 81 (1A) of the Companies Act, 1956 in the Extraordinary General Meeting held an August 27, 2008 to the under mentioned allottees:

1. Name of the Allottee : M/s Pankaja Art & Credit Pvt Ltd
- No of warrants : 22,00,000

2. Name of the Allottee : Exudc Vincom Ltd
- No of warrants : 13,10,000

3. Name of the Allottee : M/s. Prajakta Entertainment Pvt Ltd
- No of warrants : 2,00,000

4. Name of the Allottee : M/s. Tycoon Trade & Investments Ltd
- No of warrants : 1,25,000

5. Name of the Allottee : M/s. Wisdom Finvest & Consultancy Pvt Ltd
- No of warrants : 1,15,000

6. Name of the Allottee : Mr. Sanjay Kumar Gupta
- No of warrants : 50,000

Vishal Retail - Opening of New Showrooms - Sep 12, 2008

Vishal Retail Ltd has informed that the Company has opened three new showrooms during the last week at below mentioned locations:-

1. Silver Hills Colony, Dhar, Madhya Pradesh : Area covered (approx) 17,586 sq. ft.

2. Jessore Road, Barasaat : Area covered (approx) 8,459 sq. ft.

3. Golpare, Ramgarh, Jharkhand : Area covered (approx) 8,000 sq. ft.

Further, one of the Companys showroom located at HPCL-Dharuhera had ceased to operate since last week. The same was spread on an area of 175 Sq. Ft.
The tally of total number of stores of the Company has reached 140 stores spread across India, spreading on an area of 25,23,000 Sq.ft. (approx)

Krishna Filaments Fixes Book Closure For AGM - Sep 11, 2008

Krishna Filaments Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from September 27, 2008 to September 30, 2008 (both days inclusive) for the purpose of 20th Annual General Meeting (AGM) of the Company to be held on September 30, 2008

Softsol India Fixes Book Closure For AGM - Sep 11, 2008

Softsol India Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from September 26, 2008 to September 30, 2008 (both days inclusive) for the purpose of 18th Annual General Meeting (AGM) of the Company to be held on September 30, 2008

Natural Capsules - Capacity Expansion - Sep 11, 2008

Natural Capsules Ltd has informed that the Company have entered into a supply contract with Pharmaphil Division of M/s. Qualicaps Inc., Ontario, Canada, to purchase hard capsule manufacturing equipment to be used at the Companys plant at Pondicherry.

The purchase price of the equipment is USD 1,058,000 (US Dollars One Million and fifty Eight Thousand only) and includes costs of dismantling, packing and shipping CIF to the Chennai Port, India. The delivery of the equipment will be made within 12 weeks and is expected to arrive in India within 18 weeks.

This expansion of manufacturing capacity will lead to increase in installed capacity for Hard Gelatin Capsules from 3600 million capsules P.A. to 7380 million capsules P.A

GKB Ophthalmics Joins Hand With Spanish Co - Sep 10, 2008

The Goa-based GKB Ophthalmics Ltd, an eye-care product manufacturer and marketer, has inked an alliance agreement with Spain-based multinational company Indo to market the latter''s high-end optical and ophthalmic products, comprising high precision equipment, in the Indian and Asian markets. The alliance Indo Prime Visual Technologies Pvt Ld with 50 per cent holding by both the groups represents one more step for Indo in its target for increasing its representation in the Asian market. This pact will encourage the equipment business unit, currently representing 28 per cent of Indo''s total income. While initially the alliance will import Indo''s products into the country, the move is to develop Goa into a manufacturing base for high precision equipment and quality products, comprising frames and lenses

IDBI Fortis Life On Expansion Spree - Sep 10, 2008

Sept. 9 IDBI Fortis Life Insurance is mulling to expand its branches to 100 from the existing 35 by the end of the current fiscal. The company which unveiled its products in March this year, has collected a premium of over Rs 100 crore till now. It has issued 25,428 policies and collected sum insured of Rs 827 crore. The company provides products such as wealthsurance and homesurance to its customers to assist them minimise the impact of unforeseen circumstances on their wealth and home plan respectively

Educomp Solutions Partners With Eurokids International - Sep 10, 2008

Educomp Solutions Ltd (ESL) has informed that Company has entered into a 50-50 strategic partnership with EuroKids International Pvt Ltd (EIPL). The agreement includes the purchase of existing company shares as well as an infusion of additional capital into EuroKids for future expansion. The agreement also has a provision for ESL to increase its stake in stages to 74% over a period of time

Pentasoft Technologies - Delisting Of Securities - Sep 9, 2008

Pentasoft Technologies Ltd has informed that the share holders at their 13th AGM held on August 29, 2008 had consented to delist the securities of the company from the Madras Stock Exchange Ltd and the National Stock Exchange of India Ltd.

The Company is arranging for the publication of the text of advertisement for delisting the securities of the Company from the Madras Stock Exchange Ltd and the National Stock Exchange of India Ltd

Kwality Dairy Fixes Book Closure For AGM - Sep 9, 2008

Kwality Dairy India Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from September 27, 2008 to September 30, 2008 (both days inclusive) for the purpose of 16th Annual General Meeting (AGM) of the Company to be held on September 30, 2008

GMR Infrastructure - Incorporation Of Subsidiary Company - Sep 9, 2008

GMR Infrastructure Ltd has informed that GMR Hyderabad International Airport Ltd (GHIAL), Subsidiary Company of GMR Infrastructure Ltd (the Company) have subscribed towards the Share Capital of GMR Airport Handling Services Ltd (GAHSL). GAHSL has been incorporated on September 08, 2008 and its subscribed Share Capital is given under

Infy, Wipro Among Buffett-Fit Stocks: S&P - Sep 8, 2008

India is yet to make its debut on legendary investor Warren Buffett''s portfolio, but there are at least three companies from the country - technology majors Infosys, Wipro and Satyam - that are fit to make the grade, according to Standard and Poor''s. The world''s leading rating agency and investment services provider compiles a list of stocks meeting Buffett''s investment criteria twice a year and the latest such portfolio includes the names of the three US-listed Indian IT firms.

Infosys, Wipro and Satyam have been named alongside global giants such as healthcare products major Johnson & Johnson, fast-food restaurant chain McDonald''s, IT behemoths Microsoft, Oracle, Qualcomm and SAP as well as BlackBerry- maker Research in Motion in September update of S&P''s Buffett Stock Screen. In the previous edition of this portfolio, released in February, there were a total of 60 stocks, which has declined to 49 in the latest list.

While Satyam has made a comeback after exiting this portfolio in February, a number of big names such as technology major Apple, soft drink giants PepsiCo and Coca- Cola, industrial conglomerate 3M, tobacco major Altria Group, British American Tobacco, China Mobile, Cisco Systems, Diageo and GlaxoSmithKline have made an exit this time around. Besides, Latin American telecom major America Movil, led by Mexican billionaire Carlos Slim who is ranked as second richest in the world after Buffett, has also moved out of S&P''s Buffett screen.

The portfolio includes only those companies listed in the US market and Infosys, Wipro and Satyam have made to the list because of their listings in the country. The list published in August 2007 has a total 55 stocks including three Indian names Infosys, Satyam and Wipro, while the February 2007 list had 56 stocks including two Indian names Infosys and Satyam. S&P has been updating this Buffett portfolio on semi- annual basis - in February and August/September - since 1995 and it includes stocks meeting the criteria that Buffett has emphasised in the past, although these are not necessarily stocks that Buffett has bought or ever plans to buy

Shloka Infotech Fixes Book Closure For AGM - Sep 8, 2008

Shloka Infotech Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from September 26, 2008 to September 30, 2008 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on September 30, 2008

Toyota Unveils Corolla Altis; Eyes 10% Market Share - Sep 8, 2008

Aiming to achieve a 10 per cent market share in the Indian passenger car market, Japanese auto major Toyota on Friday launched an advanced version of its sedan, Corolla Altis, priced between Rs 10.83 lakh and Rs 12.86 lakh (ex-showroom, Delhi). The new car would come with a 1.8 petrol litre engine in three different grades. This year''s target is to sell 63,000 vehicles, and by fiscal 2015 we are aiming for a market share of about 10 per cent. The Altis marks our big step toward the achievement of this goal, Toyota Kirloskar Motor (TKM) Vice-Chairman Vikram Kirloskar said.

The company, which sold about 50,000 units last year, currently enjoys around three per cent of the Indian passenger car market. It is also planning to introduce several new models in the near future to meet its target, he added. TKM plans to sell an average of 2,000 Corolla Altis a month. The company earlier had announced an investment of Rs 1,400 crore in setting up its second manufacturing facility in Bangalore to launch a strategic small car for the Indian market within the next two years. Regarding the small car that everyone has been waiting for, we aim to start production and sales around 2010 or early 2011, Kirloskar said

Technopark Unveils Work On Third Phase - Sep 6, 2008

Technopark near here, one of India''s oldest IT parks, on Sept 4 embarked on a new stage of growth with the beginning of work on its third phase. Phase III of Technopark will cover an area of 92 acres and will be an IT/ITES special economic zone. While 40 of the 92 acres will be built by a private developer, the remaining land will be developed by the Technopark authorities.

The private developer will be chose via a competitive bidding process, which is currently on. Some of the land being retained for development by the Technopark authorities will be given to individual IT companies to build their own campuses. The total infusing in phase three of the park is expected to be over Rs 1,500 crore. Once phase three is complete, Technopark-Thiruvananthapuram will have a built-up area of around 10 million square feet and will directly employ at least 100,000 IT/ITES professionals

Tata Power Loses Senoko Bid, Eyeing Powerseraya - Sep 6, 2008

Tata Power has once again lost the bid for acquiring the stake of Temasek Holdings in Singapore''s largest power generating firm Senoko Power, to Japan''s Marubeni which agreed to pay nearly $2.5 billion in cash.

After losing out Tuas Power and Senoko Power in a row, company sources tell NDTV that the Indian power major is all set to bid for PowerSeraya, Singapore''s third power utility also owned by Temasek which is up for sale. PowerSeraya has a generation capacity of 3100 megawatts slightly lower than Senoko. It is believed that not just Tatas but its arch rival Reliance Power and GMR may also bid for PowerSeraya. Senoko may be out of Tata Power''s reach but all hopes are now on PowerSeraya. In this process Tata Power may emerge stronger in a bid to realise its first step to become a global power generation company.

BEML Receives Rail Contract - Sep 6, 2008

BEML has got a Rs 31-crore developmental contract from the Indian Rail Board to design and develop the country''s first stainless steel AC EMU coaches. The contract involves design, manufacture, supply, testing and commissioning of two rakes or 18 units SS EMU coaches over the next two years. The corrosion-resistant coaches are meant to be superior, safer, with passenger-friendly interiors and increased life.

Vishal Retail - Opening Of New Showrooms - Sep 5, 2008

Vishal Retail Ltd has informed that the Company has opened three new showrooms during this week at below mentioned locations:-

1. Botanical Road, Ooty : Area covered (approx) 5,500 sq. ft.

2. Darra Kalan, Kurushetra : Area covered (approx) 11,000 sq. ft.

3. Village Kalyan, Thane: Area covered (approx) 17,150 sq. ft.

The tally of total number of stores of the Company has reached 138 stores spread across India, spreading on an area of 24,89,000 sq. ft (approx.)

Cosmo Ferrites Fixes Book Closure For AGM - Sep 5, 2008

Cosmo Ferrites Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from September 24, 2008 to September 25, 2008 (both days inclusive) for the purpose of 22nd Annual General Meeting (AGM) of the Company to be held on September 24, 2008

Omaxe - Prepayment / Redemption Of Debentures - Sep 5, 2008

Omaxe Ltd has informed that the Company had redeemed the following Debentures:

1. Out of total 100 Debentures of Rs 1 Crores each aggregating to Rs 100 Crores of Series F issued to Axis Bank Ltd, which were due for redemption on September 29, 2008 the Company has pre-paid Rs 25 Crores on September 02, 2008.

2. Out of total 100 Debentures of Rs 1 Crores each aggregating to Rs 100 Crores of Series H issued to LIC Mutual Fund, which were due for redemption on September 23, 2008 the Company has pre-paid Rs 50 Crores on September 02, 2008 in addition to Rs 25 Crores already paid on August 28, 2008.

IKF Finance Recommends Dividend - 3 Sep 08

The board of IKF Finance has recommended dividend at the rate of Re 1 per share (10%) for the financial year 2007-2008.

This was recommended at the board meeting held on 30 August 2008.

S Kumars.Com To Issue Warrants - 3 Sep 08

The board of S Kumars.Com has decided to issue 2,60,00,000 warrants to Hanumesh Realtors, 1,00,00,000 warrants to Adhir Barter and 90,00,000 warrants to Hakmans Financial Services & Securities on preferential basis.

This was decided at the board meeting held on 02 September 2008.

PG Foils To Allot Warrants - 3 Sep 08

The board of PG Foils has approved the allotment of 20,00,000 convertible warrants of Rs 10 each at a price of Rs 100 each which are convertible into equity shares on preferential basis to Consolidated Securities belonging to non promoter group.

This was decided at the board meeting held on 31 August 2008.

Intense Technologies Fixes Book Closure For AGM - 2 Sep 08

Intense Technologies Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed on September 30, 2008 for the purpose of Annual General Meeting (AGM) of the Company to be held on September 30, 2008.

Chennai Meenakshi Multispeciality Hospital Ltd - 2 Sep 08

Chennai Meenakshi Multispeciality Hospital Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from September 26, 2008 to September 30, 2008 (both days inclusive) for the purpose of 18th Annual General Meeting (AGM) of the Company to be held on September 30, 2008.

Virinchi Technologies Ltd - 2 Sep 08

Virinchi Technologies Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from September 26, 2008 to September 30, 2008 (both days inclusive) for the purpose of 19th Annual General Meeting (AGM) of the Company to be held on September 30, 2008.

The Indian Financial Markets Another Momentous Step - 1 Sep 08

On 29th August 2008, the Indian financial markets took another momentous step towards further liberalization with the launch of currency futures trading on the National Stock Exchange of India Ltd (NSE). The trading opened at 9 am Friday and while spreads were wide in the first 5 minutes, they soon narrowed once orders started flowing from more number of participants.While according to the international experience, currency futures in most developed markets are not a significant proportion of the OTC markets, in India the scenario may well unfold in a different manner. The dichotomy in the documentary/regulatory requirements between the OTC and exchange traded markets (e.g. no requirement for underlying in futures) enables the futures market to build up as an alternative investment avenue. The first client deal from ICICI Bank was done with Infosys Technologies Limited, where Infosys sold 100 contracts of September, 2008 end maturity.

The Company Has Signed An Agreement With Martifer SGPS SA

Suzlon Energy Ltd has informed that the Company has signed an Agreement with Martifer SGPS SA (Martifer) whereby it has been agreed for exercise of an option for an early acquisition of Martifers total stake of approximately 22.48% in REpower Systems AG, Germany (REpower) for a total consideration of Euro 270 million. This Agreement shall be concluded by December 15, 2008. This acquisition shall consolidate Suzlons total holding in REpower to approxim

Reference With Earlier To The Announcement - 1 Sep 08

With reference to the earlier announcement dated July 10, 2008 regarding fixes Book Closures from September 23, 2008 to September 30, 2008 (both days inclusive) on account of the Companys Annual General Meeting (AGM) being proposed to be held on September 30, 2008, Supertex Industries Ltd has informed that in the meanwhile the BIFR has called the Company for a hearing on September 08, 2008 for finalizing the debt restructuring package for the Company. The outcome of the said Debt Restructuring Scheme will have to be presented to the members of the Company in its general body meeting and accordingly the Company has been sanctioned a three months extension for holding its Annual General Meeting by the Registrar of Company (Gujarat, D & NH) to extend the period of holding the AGM upto December 31, 2008.Therefore the Company has informed that, the said book closure dates has been cancelled.