Vedanta Resources Chief Gets E&Y Award - Nov 28, 2008

Executive Chairman of Vedanta Resources, Mr Anil Agarwal, will receive the Ernst & Young Entrepreneur of the Year 2008 award. A six-member jury chaired by Mr K.V. Kamath, Managing Director and CEO, ICICI Bank, selected the finalists from over 291 nominations received. Nominations were highest this year since the awards were launched in 1999. The Lifetime Achievement Award was presented to Mr P.R.S. Oberoi, Chairman and CEO, The Oberoi Group.

The Entrepreneur of The Year Infrastructure and Construction Award was conferred upon Mr Jaiprakash Gaur, Founder Chairman, Jaypee Group. Chairman and CEO of Avantha Group, Mr Gautam Thapar, was announced as the winner in the Manufacturing Category. The Award for the Start-Up Entrepreneur of the Year was given to Mr Arvind Rao, CEO and Co-Founder, OnMobile Global. The Services Category Award was given to Mr Rohinton Screwvala, CEO, UTV Software Communications.

Television Eighteen To Increase Stake In The Company - Nov 28, 2008

Television Eighteen India Ltd has informed that the Company has decided to subscribe to 15,000,000 warrants of ibn18 Broadcast Ltd (ibn18) to be allotted on preferential basis, which would be convertible into equity shares of ibn18 at Rs 102 per share. This allotment shall be made at the same price at which ibn18 has allotted shares, to Qualified Institutional Buyers in its recently concluded QIP.

TV18 will make this subscription via RVT Investments Pvt Ltd (RVT Investments), a 100% subsidiary of TV18, which currently holds 23,454,495 equity shares of ibn18. Once RVT Investments converts the current issue of 15,000,000 warrants of ibn18, RVT Investments holding in ibn18 will be 20.77% on a fully diluted basis. This will enable TV18 to consolidate ibn18s financial results with itself.

TV18 believes this strategic initiative is extremely beneficial for its shareholders, since ibn18s bouquet of TV channels is entirely synergistic with TV18s business news channels and Web18s family of internet portals. This equity stake will also allow TV18 to get strategic ownership in what is arguably the strongest bouquet of TV channels in the country, including TV18s two business news channels (CNBC-TV18 and CNBC Awaaz) and ibn18s seven general interest channels (Colors, CNN-IBN, IBN7, IBN Lokmat, MTV, Nickelodean and VH1).

State Bank Of Grameen India Has Out Rolled - Nov 28, 2008

State Bank of India has rolled out a micro insurance scheme ''Grameen Shakti'', for its Self Help Group (SHG) members. The product was launched on Nov 26 at the Tamil Nadu Agricultural University. The bank is hopeful to cover at least five lakh SHG members by December 31.Total proposal forms were received soon, after unveiling it from the SHG, members were around 77,430.It is a life cover for an assured sum of Rs 50,000.

The premium payable on this five-year policy is Rs 601 a year. The Chennai circle of the bank, comprising Tamil Nadu and Pondicherry, has credit linked 84,500 SHGs with a total membership of about 14 lakh.

Leslie Whiteford Has Tendered His Personnel - Nov 28, 2008

IL&FS Investsmart Ltd has informed that Mr. James Leslie Whiteford has tendered his resignation as Managing Director & CEO of the Company with effect from November 26, 2008. The resignation has been accepted by the Board of Directors on November 28, 2008.Further the Company has informed that, it is proposed to appoint Mr. Manasije Mishra as Managing Director & CEO with effect from November 28, 2008.

Sun Pharma Acquires Chattem Chemicals Undisclosed - Nov 27, 2008

Sun Pharmaceutical has acquired Chattem Chemicals, US-based drug ingredients manufacturer for an undisclosed amount. Sun Pharma informed in a filing to the Bombay Stock Exchange that the American subsidiary of the company has bought Chattem Chemicals from Elcat Inc,.However, the financial details of the transaction were kept undisclosed. The acquisition is subject to clearance from regulatory authorities, the filing added.

This is Sun Pharma''s third acquisition in the US. In 2005, the company had acquired a facility in Hungary that manufactures controlled substance active pharmaceutical ingredients (APIs). The same year it had acquired a manufacturing site in New Jersey. Chattem is a registered narcotic raw material importer with the US Drug Enforcement Administration and manufactures a variety of active pharmaceutical ingredients.

Tomsk Region Of Western Siberia Acquisition - Nov 27, 2008

On November 26 ONGC informed that its $2.1 billion acquisition of UK-listed Imperial Energy Corp Plc was "well on-track" and the fall in global oil prices would not be a constraint in the buyout. The Government of India holds 74 per cent stake in ONGC.ONGC Videsh Ltd (OVL), the overseas arm of ONGC, is not revising the 12.50 pounds a share buyout price of Imperial, as it had valued the company''s in place 2P (proven and probable), oil and gas reserves at $2.5-3 per barrel.

Imperial explores for oil in Russia''s Siberia region and had the equivalent of 920 million barrels of proven and probable oil reserves as on December 2007, according to an audit by DeGolyer & MacNaughton. Acquisition of Imperial will cost OVL about 1.4 billion pounds or $2.1 billion at current exchange rates. There have been speculations that OVL may revise its bid price as crude oil prices have fallen from $115-120 a barrel, when it made the offer in August to around $50 per barrel currently. Till December 9 OVL has time to make an offer to acquire all outstanding shares of Imperial. The offer would remain open for 28 days and OVL would take another 14 days thereafter to make payments to shareholders tendering their shares.

OVL, earlier this month won the Russian government''s approval for taking over Imperial, which has assets in Tomsk region of western Siberia.Russia''s Federal Anti-Monopoly Service (FAS) granted approval for the takeover in respect of ownership of Russian entities by entities controlled by a foreign government. Prior to this, FAS had cleared the acquisition under anti-monopoly regulations and stated that Imperial''s assets were non-strategic. Since July, Imperial has been producing 11,000 barrels of oil per day (bpd). Output will reach 25,000 bpd by fiscal-end with 18 wells coming on stream.

PNB To Reduce Maturities Lending Rates By 100 Bps - Nov 27, 2008

Punjab National Bank will cut its benchmark prime lending rate (BPLR) by 100 bps to 12.50 per cent from 13.50 per cent. The revised rates will come into effect from December 1. The revised BPLR would be applicable in respect of all existing and new accounts linked with BPLR where rates are charged at BPLR and above. PNB has also, decided at its board meeting on November 26, to reduce its peak deposit. rate from 10.50 per cent, to 9.50 per cent for deposits of 1 year to less than 3 years. Accordingly, interest rates in the time buckets having maturities of 180 days and above have also been reduced by 25 basis points to 100 basis points with effect from December 1.

City Kerala Bank Unveils New Deposit Scheme - Nov 27, 2008

City Union Bank has rolled out a 1,000-days deposit scheme called ''CUB 1000''. The bank is offering 11.60 per cent for senior citizens and 11.30 per cent for rest of the investors investing in this scheme. In addition, introducing the product, the bank has also strengthened its branch network by adding four branches. at Rajaji Nagar in Bangalore, Kollam in Kerala, and Madurapuri and Sirkazhi in Tamil Nadu.

Oudh Sugar Fixes Book Closure For Inclusive - Nov 26, 2008

Oudh Sugar Mills Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from December 15, 2008 to December 18, 2008 (both days inclusive) for the purpose of holding 76th Annual General Meeting on December 18, 2008 & also for the purpose of reckoning eligible shareholders, who are entitled to make payment for first and final call on 39,98,240 Equity shares issued on the Rights basis.

Cements Ltd Company Of Guidelines Said Delisting - Nov 26, 2008

With reference to the earlier announcement dated on March 25, 2008 & October 29, 2008, Vinay Cements Ltd has informed that an Extra-Ordinary General Meeting of the shareholders of the Company has been convened on December 19, 2008 to consider the delisting of equity shares of the Company from all stock exchanges including Bombay Stock Exchange Ltd, in accordance with the SEBI (Delisting of Securities) Guidelines, 2003. The said delisting is subject to receipt of necessary approvals of shareholders, lenders and other regulatory authorities.

Hitkari Fibres Fixes Book Closure For AGM - Nov 26, 2008

Hitkari Fibres Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from December 26, 2008 to December 31, 2008 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on December 31, 2008.

Visagar Polytex Ltd Has Extra Ordinary General - Nov 26, 2008

Visagar Polytex Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 25, 2008, inter alia, have accorded the following:

1. Increase the Authorised Share Capital of the Company from 12500000/- to 50000000/- divided into 5000000 Equity Share of Rs 10/- each and consequential amendments in the Memorandum & Articles of Association of the Company.

2. To the issue of Equity Shares for an amount not exceeding Rs 3,72,00,000/- to be offered to the shareholders and / or to such persons whether shareholders of the Company or not as the Board of Directors of the Company may in their absolute discretion deem fit, subject to necessary provisions & approvals.

3. Issue 3720000 Equity Shares of Rs 10/- each in the Share Capital of the Company, be and are hereby issued to the persons who at the record date of the offer are holders of the equity shares of the Company in proportion of 5 equity shares for every 1 equity share held on the aforesaid date on the following terms & conditions.

(i) That the Rs 15/- (including Share premium of Rs 5/) per Equity Share will be payable in two installments: - 50% on application and 50% on allotment. (For more details kindly refer Corporate Announcement on www.bseindia.com).

Alembic - Buy Back Offer - Nov 25, 2008

Edelweiss Capital Ltd (Manager to the Buy Back) On behalf of Alembic Ltd (Target Company) has issued this Public Announcement (PA) to the Equity Shareholders / Beneficial Owners of the Equity Shares of the Target Company pursuant to the Provision of Regulation 8(1) read with Regulation 15(c) and is in compliance with the Securities & Exchange Board of India (Buyback of Securities) Regulations, 1998 for the time being in force including any statutory modifications and amendments from time to time (Buy Back Regulations) and contains the disclosures as specified in Schedule II to the Buy-Back Regulations.

The Buy back
Pursuant to the Approval of Board of Director of Target Company at their meeting held on November 14, 2008 (the Board Meeting) for Buy-Back of its own fully paid up equity shares of Rs 2 each (Buy-Back), the Company hereby announces the Buy-Back of its fully paid-up equity shares of the face value of Rs 2 each (Equity Shares) from the existing owners of Equity Shares other than the Promoters, Persons who are in control of the Company and Promoter group at a price not exceeding Rs 55/- per Equity Shares (Maximum Offer Price) payable in cash, for an aggregate amount not exceeding Rs 3,300 lacs (Buy-Back Size). The Buy-Back Size represents 9.69% of the aggregate paid-up equity capital and free reserves of the Company as on March 31, 2008 (the date of the latest audited accounts) which is within the maximum permissible limit of 10% of the paid up equity capital and free reserves. The aggregate paid up Capital and free reserves of the Company as at March 31, 2008 is Rs 34,071.54 Lacs.

The Buy-Back will be implemented by the Company through the methodology of Open market purchased through stock exchanges using the electronic trading facilities of the Bombay Stock Exchanges Ltd (BSE) and the National Stock Exchange of India Ltd (NSE), and together with BSE, hereinafter referred as the Stock Exchange) in accordance with the provisions of Sections 77A, 77AA, 77B and other applicable provisions of the Companies Act, 1956 (the Act) read with Article 8A of the Articles of Association of the Company and the Buy-Back Regulations, subject to approvals as may be necessary, from time to time statutory authorities including but not limited to Securities and exchange Board of India, Stock Exchanges, Reserve Bank of India, etc. as required, any further subject to such conditions as may be prescribed while granting such approvals/s which may be agreed to by the Board of Directors hereinafter referred to as the Board (which term shall include any committee constituted specifically for the Buyback hereafter referred to as Buy-Back Committee)
The maximum offer Price has been arrived at after considering factors such as the trends in the market price of the Equity shares during the last 6 months prior to the date of the Board Meeting, the book value, earnings trends in the recent past, the future outlook for the industry / company and other relevant factors.

The maximum Offer Price of Rs 55/- represents a premium of 52.14% and 50.68% over the closing prices of Equity Shares on the BSE & NSE respectively prevailing on November 12, 2008 being the last trading day prior to the date of the Board Meeting held on November 14, 2008 approving the Buy-Back. The Closing Price of Equity Shares of the Company as on November 12, 2008 on BSE and NSE was Rs 36.15 and Rs 36.50 respectively.

The Company hereby proposes to buy back a minimum of 12,00,000 Equity shares (Minimum Offer Shares) during the offer period. the actual number of equity shares bought back would depend upon the average price paid for the Equity shares bought back and the aggregate consideration paid for such Equity Shares bought back, subject to the maximum limit of 9.69% of the total paid up equity share capital and Free Reserves of the Company, in accordance with the resolution passed by the Board of directors of the Company on November 14, 2008. the Maximum limit envisaged in the foregoing is further subject to a limit of 25% of the total paid-up Equity Share capital of the company in a financial year as stipulated under section 77A of the Act.

Proposed Time Table
Date of Board Meeting Approving the Buyback - November 14, 2008
Date of Public Notice in compliance with regulation 5A of the Buy0back regulations - November 14, 2008
Date of Opening of Buyback - December 08, 2008
Acceptance of Shares - Within the relevant payout dates of the Stock Exchanges.

Verification of acceptance of Equity shares in the Physical mode - within 15 days of relevant payout date
Extinguishment of Shares - Within 15 days of acceptance of Equity Shares. Further, all the Equity Shares bought back will be extinguished within 7 days of the last date of completion of Buy-back.

Last Date for the Buyback - November 13, 2009 (i.e. 12 months from the date of the Board resolution). However, the Board in its absolute discretion may decide to close the Buyback at an earlier date in the event Minimum Offer Shares have been purchased under the Buyback even if maximum Buyback size has not been reached, by giving appropriate notice of such date. All payment obligations in related to the Buy-back shall be completed by the last date for the Buy-Back.

ONGC Announces Significant Discovery In Krishna Godavari Offshore - Nov 25, 2008

After encountering several discoveries in KG Offshore in recent past (including landmark ultradeep discovery at a water depth of 2841 m in December, 2006), ONGC has now struck oil in nomination block-IG at a bathymetry of 225m in well G-4-6, 15 kms off Yanam coast. Three hydrocarbon bearing sands have been encountered in the gross interval 3757m to 4185m based on geological data, log evaluation and one mini-drill Stem test carried out on 30 September and 01 October 2008. The thickest sand interval (4108 - 4185 m) comprises 55 m of net oil pay.

In its pursuance of deeper and older plays this discovery augurs well as it marks the company's determined efforts to put the KG Offshore to new and higher levels of oil production.

ONGC plans a fast track hub development programme clustering geographically proximal encouraging finds including a mix of older finds like G-2 & GS-29 with latter finds like Padmawati, Kanakadurga and a slew of other discoveries using common production facility like an FPSO is fast nearing reality. This is expected to be on course with an initial rate of 20,000 bbl/d by 2012-13 which is expected to peak to around 150,000 bbl/d by 2016-17.

The company made this announcement during the trading hours today, 25 November 2008.

Great Offshore Announces Charter Of Around US$ 22 Million - Nov 25, 2008

Great Offshore has chartered two of its vessels - Malaviya Thirty Three and Gal Ross Sea to Petroleum Marine Services Co., Egypt.

Accordingly, the vessels have commenced operations in the Khafji Oilfields for Saudi Aramco under one year firm charter with option for two more extensions. The aggregate value of the one year firm charter is around US$ 22 million.

The company made this announcement during the trading hours today, 25 November 200.

HCL Technologies Hosts Its Fourth-Annual Global Customer Meet - Nov 25, 2008

More than 500 of the top business minds in the world discussed, debated and collaborated in Orlando last week about how to engage in a successful, sustainable, environmentally conscious business in the wake of the current global economic slowdown as HCL Technologies hosted its fourth-annual global customer meet. Dubbed Unstructure 2008, the concept is an annual compendium of thoughts compiled from both the physical event and an online forum (www.unstructure.org) where participants have and will continue to exchange action-oriented ideas.

The company made this announcement during the trading hours today, 25 November 2008.

Tuticorin Based Tamilnad Mercantile Banking Service - Nov 24, 2008

Tuticorin-based Tamilnad Mercantile Bank (TMB) has launched its Internet banking service through ''TMB E-connect''. The facility provides services 24x7. There would be no extra charge for availing of the facility. Customers can secure all details from their homes, except visiting the branch for issue of demand drafts and opening of new accounts. The bank is in the process of customising the e-banking software for making telephone payments by the customers from their homes.

India Decides To Reduce Fares By To Cut Airfares - Nov 24, 2008

Air India, a State-owned carrier has decided to cut airfares by 12%, which is expected to be implemented in mid-December. An internal National Aviation Company of India (NACIL) team, which runs Air India, is planning a 12% cut in fuel surcharge in the domestic metro routes first, and then across the country in early January. The 12% reduction in fares would be in fuel surcharge, which now stands as high as Rs 3,100 in metro routes compared with Rs 1,350 last November.

Airlines had imposed the fuel surcharge on fares following the surge in crude prices. If Air India decides to pass on the benefits of ATF prices by slashing fuel surcharge by 12%, then the airfare in the Mumbai-Delhi sector could come down to Rs 6,068 inclusive of taxes. At present, an Air India Mumbai-Delhi flight ticket costs around Rs 6,895, which includes Rs 3,150 as base fare and Rs 3,745 as taxes and service fee.

The quantum of fuel surcharge, which is the main component of an air ticket after the basic fare, varies from 45% to 60% of the total cost of a ticket. The price of aviation turbine fuel (ATF) has come down to Rs 39,767 per kilolitre (KL) compared with Rs 41,417 per KL last November. According to government data, air traffic grew by only 2.3% between April and August compared with 38%, a year earlier.

Sankhya Infotech Ltd That Due To Unavoidable - Nov 24, 2008

Sankhya Infotech Ltd has informed that due to unavoidable circumstances the 11th Annual General Meeting scheduled to be held on November 28, 2008 stand postponed. The 11th Annual General Meeting will now be held on December 29, 2008.The Company has obtained an approval from the Registrar of Companies to hold the meeting on or before December 31, 2008.

The 11th Annual General Meeting (AGM) of the members of the Company will be held on December 29, 2008, inter alia, to transact the following business:

1. To receive, consider and adopt the Balance Sheet as at March 31, 2008 and Profit & Loss Account for the year ended on that date together with Schedules thereto and the Reports of Board of Directors and Auditors thereon.

2. To declare a Dividend.

3. To appoint a Director in place of Mr. N R Mohanty, who retires by rotation, and being eligible offers himself for re-appointment.

4. To appoint Auditors and fix their remuneration.

5. To appoint Mr. N Rangachari as a Director of the Company, liable to retire by rotation.

Alphageo Bags ONGC Contract Of Rs 43.69 Crores - Nov 24, 2008

Alphageo (India) Ltd has informed regarding a Press Release titled Alphageo bags ONGC contract of Rs 43.69 Crores.The Company has bagged a contract from ONGC for acquisition of Seismic Data executable over a period of two seasons in Nagaland for a total contract value of Rs 43.69 Crores. The Company has secured this contract tendered by ONGC against the competition from several players. The letter-of-award dated November 21, 2008 has been issued to the Company.

Alphageo (India) Ltd is the largest onshore integrated seismic service provider in the private sector and enjoys a market leadership in seismic survey.

Brilliant Securities Ltd Has An Extra Ordinary - Nov 22, 2008

Brilliant Securities Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 18, 2008, inter alia, to consider and approve the following:

1. Increase of Authorized Share Capital to Rs 16 Crores.

2. Issue of equity shares on rights basis in the proportion of 2 equity shares of Rs 10 each for every 1 equity share held for cash at par value of Rs 10 per share.

3. Increase of borrowing limits up to an amount of Rs 100 crores.

Dabur India To Enter Into Share Purchase Care Pharma - Nov 22, 2008

The board of Dabur India has approved entering into a share purchase agreement with the existing promoters of FEM CARE PHARMA for acquisition of 25,46,596 equity shares of Rs 10 each of FEM representing 72.15% of the fully diluted paid up equity share capital of FEM at a price of Rs 800 per equity share.At present the company is acquiring 20,25,296 equity shares of Rs 10 each constituting 67.33% of existing equity share capital of the company.

The balance 5,21,300 equity shares shall be acquired as and when allotted and also includes 1,30,326 equity shares of Rs 10 each which shall be under lock-in pursuant to requisite regulations / laws / scheme of merger and shall be acquired subject to approval of Stock Exchange in this regard.This was approved at the board meeting held on 21 November 2008.

Fiat To Launch Its Mid Sized Sedan Linea - Nov 22, 2008

Auto maker Fiat India commenced production of its mid-sized sedan, Linea, at its Ranjangaon plant near Pune on Nov 21 and plans to launch the car in the country next month. Linea will be followed by the launch of the hatch back Grande Punto, which will be manufactured in the Pune plant, which has a total capacity of up to 2,00,000 cars. The Grande Punto is a top-seller in Europe and has an annual sales of about 3,50,000. The plant has made progress as planned and all the facilities are set to move into top gear from hereon. The pricing of the car would be decided closer to its launch next month.

Delhi International Airport Subsidiary This Winter - Nov 22, 2008

Delhi International Airport, subsidiary of GMR Infrastructure is undertaking several proactive measures for the convenience and comfort of passengers. IG Airport, in view of the oncoming winter and possible disruption of flights due to fog and low visibility.In view of the oncoming winter and possible disruption of flights due to fog and low visibility, IGI Airport is undertaking several proactive measures for the convenience and comfort of passengers.

IG Airport, in consultation with airlines, ATC, CISF, BCAS, Met Department, Delhi Police and the Civil Aviation Ministry has drawn up a strategy to provide additional facilities to passengers during the fog season.The company made this announcement after the trading hours on Friday, 21 November 2008.

Religare Rearrange Asset Management Business In India - Nov 21, 2008

Religare and AEGON has announced restructuring plans relating to their partnership for the asset management business in India. These changes have been driven by the new business opportunities which have arisen in the Asia Pacific region and the desire of each partner to achieve their strategic goals in the asset management area in the region.

Under the revised structure proposed to the regulators Lotus Mutual Fund, (recently proposed to be acquired by the company) would be rechristened as the company's asset management business in India and AEGON would assume control of Religare AEGON Mutual Fund, which is currently the joint venture between the two parties. Both the company and AEGON are firmly committed to building globally scalable businesses of excellence. This rearrangement is subject to SEBI and other approvals.

However, this rearrangement shall not at all alter or disturb the other joint venture between the company and AEGON for life insurance. The life venture continues to have the firm commitment of both partners to take it to a market leading position.The company made this announcement during the trading hours today, 21 November 2008.

Netherlands Based AFS Transport Enhances Product - Nov 21, 2008

Four Soft, a global leader offering software solutions for transportation and logistics industry has completed the implementation of 4S eTrans SME at AFS Transport (AES), Netherlands, as scheduled. 4S eTrans SME is an integrated transportation management software solution designed specialty to meet the requirements of small and midsize businesses.4S eTrans SME is a modular enterprise application designed to automate, streamline, and support the multi-modal freight forwarding operations.

It enables the logistics industry to increase productivity and Improve the overall services to their customers, as it provides flexible and complete software solutions.AFS Transport is one of the recognized freight forwarding and logistics companies in The Netherlands, handling international shipments and a specialist in project forwarding, possessing the necessary expertise, and in-house systems to handle all kinds of project cargoes, including heavy-lifts.Shipment of multi-scale tonnages requires complete and careful coordination and calls for optimal logistics management in view of the many varied and complex aspects.

Pro-active planning is essential if project schedules are to be maintained and again within budget constraints, AFS'S inhouse system was not able to support its rapid expansion and it became essential to implement a new software system to support its growth, They signed a contract with Four Soft in 2007 to implement its 4S eTrans SME to support its multimodal operations. The new system was implemented successfully in AFS Transport recently and the customer has started using the system in real environment.The company made this announcement after the trading hours on Thursday, 21 November 2008.

Wipro In Fray For Polaris Stake In The Company - Nov 21, 2008

IT majors are getting ready for buying stake in the Chennai-based financial software firm with the possibility of Citigroup''s plans to sell the 43 per cent stake in the Polaris Software. IBM could be a clear frontrunner along with Wipro. The negotiations could be at Rs 60 per share which is double the current market price. Both of these companies are keen to acquire stake in Polaris as the firm offers unique retail banking solutions. But with global losses mounting this is one Citi which clearly has lost its sleep. The firm needs cash so just one month after it sold off its captive BPO, cashing out of Polaris makes sense.

Citigroup along with its wholly-owned subsidiary Orbitech owns over 43 per cent stake in Polaris is on the block and such a move would automatically trigger an open offer for another 20 per cent stake. If successful it would mean the others apart from the promoters will hold 63 per cent stake translating to a buyout. The promoters currently hold 29 per cent in the company.

Corporation Bank To Increase Bancassurance - Nov 21, 208

Corporation Bank is looking at raising the share of non-interest income to total income significantly. At present, the non-interest income is less than 10 per cent of the total income. (During the second quarter of the current financial year, the bank reported a non-interest income of Rs 108.82 crore. The total income during the period stood at Rs 1,623.13 crore). The bank achieved a business of Rs 1.03 lakh crore by September 2008.

Generics Has Gained Full Through Azathioprine States - Nov 20, 2008

Glenmark Generics has gained full marketing rights through an exclusive partnership to begin distributing Azathioprine 50 mg tablets in the United States.Azathioprine is the generic equivalent of Imuran tablets and is indicated as an adjunct for the prevention of rejection in renal homotransplantations (kidney transplantation) It is also indicated for the management of active rheumatoid arthritis to reduce signs and symptoms. Total sales for the 12 month period ending June 2008 were approximately $36 million as stated by IMS Health.

This product launch signifies Glenmark's commitment to enhance and augment its current portfolio of internal filings through the addition of external partnerships. Today, Glenmark is authorized to distribute 130 SKUs in the U.S. marketplace. The company currently has 40 ANDAs in various stages of the approval process with U.S.FDA.The company made this announcement during the trading hours today, 20 November 2008.

Kpit Cummins Grant Of Options That The Company - Nov 20, 2008

Kpit Cummins Infosystems Ltd has informed that the HR & Compensation Committee of the Company, vide the resolution passed at its meeting held on October 20, 2008, have approved the grant of up to 2.22 Million options convertible into 2.22 Million equity shares of Rs 2/- each at a price of Rs 27.45 per share (Closing price at National Stock Exchange on October 17, 2008) to various grantees, including independent directors.

Of the Company as per the List tabled in the meeting, under the Companys Employee Stock Option Plan 2006 (ESOP 2006 Scheme, duly approved by the members of the Company vide their resolution dated August 28, 2006, passed at the Extra Ordinary General Meeting of the Company), as per the terms and conditions of the ESOP 2006 Scheme.

The vesting of the Options for employees will be based on the performance of the employees and the Company.

The vesting schedule of the options is as follows:
1. Vesting Schedule (Performance Assessment Year): 2008-09
% Vesting: 30%

Date of Vesting: October 30, 2009
2. Vesting Schedule (Performance Assessment Year): 2009-10
% Vesting: 30%

Date of Vesting: October 30, 2010
3. Vesting Schedule (Performance Assessment Year): 2010-11
% Vesting: 40%

Date of Vesting: October 30, 2011.

Cummins India Ltd Has Informed That The Circular - Nov 20, 2008

Cummins India Ltd has informed that the Board of Directors of the Company by circular resolution dated November 19, 2008, have approved sale of Companys Power Generation Rental Business as a going concern for a total consideration of not less than Rs 290 million to Aggreko Energy Rental India Pvt. Ltd., Pune (Aggreko). The Rental Business of the Company consists of renting of generator sets of various capacities on need basis to its customers across India.

It is proposed to sell the said Business along with its essential assets such as equipments, inventories, information etc. which are required to conduct the business.Aggreko is engaged in the business of renting generator sets in India and has expressed its interest to buy the Companys Power Generation Rental Business as a going concern.

The Boards approval is subject to appropriate approvals including approval of the shareholders by Postal Ballot pursuant to Sections 293 (1) (a) and 192A of the Companies Act, 1956.The above sate will enable the Company to focus its attention on growing its core business of manufacture and sale / marketing of internal combustion engines and generator sets.

Alok Industries Ltd Has Informed That The Postal Ballot - Nov 20, 2008

Alok Industries Ltd has informed that the members of the Company will consider to approve by way of Postal Ballot the Special Resolution relating to increase the Authorised Share Capital of the Company by Rs 225,00,00,000/- (Rupees Two Hundred Twenty Five Crores only) from Rs 300,00,00,000/- (Rupees Three Hundred Crores only) to Rs 525,00,00,000/- (Rupees Five Hundred Twenty Five Crore only) by authorising the creation of 22,50,00,000 (Twenty Two Crore Fifty Lakh) new Equity Shares of Rs 10/- (Rupees Ten only) each ranking paru passu with the existing shares of the Company in all respects and consequential amendment in the Memorandum & Articles of Association of the Company.

The Company has appointed Mr. Virendra Bhatt, a Practicing Company Secretary 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 close of working hours on December 18, 2008. The scrutinizer will submit his report to the Executive Chairman or the Managing Director or the Joint Managing Director of the Company after completion of the scrutiny and the results of the postal ballot will be announced by the Executive Chairman or any Director or Authorised Officer of the Company on December 19, 2008.

Larsen Toubro Has Bagged A Order From HMEL - Nov 19, 2008

Larsen & Toubro has bagged a Rs 700-crore order by HPCL-Mittal Energy Ltd (HMEL), a joint venture of Hindustan Petroleum Corporation Limited and Mittal Energy Investments, for setting up two 44,000-TPA capacity hydrogen generation units (HGU) for HMEL''s grassroots refinery in Bathinda, Punjab. The plant is designed for operation with straight run naphtha and DHDT (diesel hydro-treating) naphtha as feedstock.

The nine-million-tonne refinery will generate products to meet Euro IV specifications. The order for the HGU has been awarded on a lump sum turnkey basis. Denmark-based Haldor Topsoe has been selected by HMEL as the process licensor. L&T will undertake residual process design, detailed engineering, procurement, construction and commissioning of the units. The order was bagged by the chemical plants business unit of L&T''s Engineering & Construction Division.

Ril To Raise Funds Via Ncds For Expansion - Nov 19, 2008

Reliance Industries chairman Mukesh Ambani have huge expansion plans in exploration, refining, petrochemical and retail over the next two months. Though it is difficult to raise cash in today''s risk adverse market, the company got assistance from the country''s largest insurer, LIC, to tide over the current crisis.

It is believed that RIL is raising a $1 billion from LIC as a short-term debt to meet its working capital requirements. The debt will be in the form of non-convertible debentures or NCDs for a 3 year period attracting a coupon rate of 11.5 per cent.

A billion dollar looks small as Reliance has already committed to spend $20 billion over the next 5 years. Since Reliance has always raised such high amount overseas but now such options simply don''t exist. Funding money for working capital is a headache that''s bothering everybody from corporates to bankers. It is tough for every corporate to raise money even for working capital - that''s something that policymakers need to consider.

Conversion Of Stock Options Plans Of The Company - Nov 19, 2008

Satyam Computer Services Ltd has informed that the Compensation Committee of Directors of the Company allotted 6994 equity shares through circular resolution on November 18, 2008, approved on November 19, 2008 under stock option plans of the Company.

Consequent to the above allotment, the paid up share capital of the Company has gone up from 673,797,352 equity shares of Rs 2/- each aggregating Rs 1,347,594,704.00 to 673,804,346 equity shares of Rs 2/- each aggregating Rs 1,347,608,692.00.

Share Capital Of Company From Consequential Articles - Nov 19, 2008

Golkunda Diamonds & Jewellery Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 10, 2008, inter alia, to transact the following:

1. To increase in the Authorised Share Capital of the Company from Rs 5 crores to Rs 7 crores and the consequential amendments in the Memorandum and Articles of Association of the Company, subject to approval of Members.

2. Issue of 28,00,000 Equity Shares of the Company on preferential basis, to M/s. Neverloose Properties and Investment Pvt. Ltd, a Company belonging to the promoters group at such price not being less than the price determined in accordance with SEBI guidelines in this behalf, subject to the approval of members.

Parsvnath Developers India Leading With Company - Nov 18, 2008

Parsvnath Developers, India leading infrastructure and real estate developer has announced a joint venture with Constructora SAN JOSE, S.A., a subsidiary of Grupo SAN JOSE, a leading infrastructure development company in Spain.Under the terms of the contract, Parsvnath Developers and SAN JOSE will hold equal equity in the consortium. The consortium will be known as The SANJOSE - PARSVNATH CONSORTIUM.

As per the contract, the joint venture company will jointly bid for the upcoming infrastructure development works in the country in the fields of transportation, aviation, power generation and transmission, the company would execute projects through floating project specific SPVs.The company made this announcement during the trading hours today, 18 November 2008.

Apeego Association Ltd Has Informed That The Company - Nov 18, 2008

Apeego Ltd has informed that the members have approved the name change of the Company from Apeego Ltd to Frontline Business Solutions Ltd in the Annual General Meeting convened on June 20, 2008 and Registrar of Companies, Maharashtra, Mumbai has also approved the said change in the name of the Company and issued a Fresh Certificate of Incorporation consequent upon change of name.

The said change in the name of the Company is consequent upon change in Main.Object of the Company. The Company has passed a Special Resolution by conducting the postal ballot for amendment in the object clause of Memorandum of Association of the Company.

Sesa Goa Ltd Has Informed That The Postal Ballot - Nov 18, 2008

Sesa Goa Ltd has informed that the members of the Company, by way of Postal Ballot, have approved the Special Resolutions, with requisite majority:

1. Special Resolution pursuant to section 17 of the Companies Act, 1956 for amendment to the Object Clause of the Memorandum of Association of the Company.

2. Special Resolution pursuant to section 149(2A) of the Companies Act, 1956 for commencement of business.

Supreme Petrochem Ltd Has Informed The Company - Nov 18, 2008

Supreme Petrochem Ltd has informed that the members at the 19th Annual General Meeting (AGM) of the Company held on October 17, 2008, inter alia, have accorded the following:

1. Adoption of the audited Balance Sheet of the Company for the year ended June 30, 2008 and the Profit & Loss for the year ended on that date together with the Directors and the Auditors Report thereon.

2. Declaration of dividend of 10% on Equity Shares of the company for the year 2007-2008.

3. Re-appointment of Shri. Rajan B Raheja, Shri. B L Taparia & Shri. Nihalchand Chauhan as Directors of the Company.

4. Re-appointment of M/s. Parikh & Shah, Chartered Accountants Mumbai, as the Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting, on remuneration, terms & conditions.

5. Authority to the Board to the creation by the Board of Directors of the Company of such mortgages, charges and hypothecations in addition to the existing mortgages, charges and hypothecations created by the Company as may be necessary on such of the assets of the Company both present and future, in such manner as the Board may direct, in favour of the financial institutions, banks, mutual funds, overseas banks and other bodies corporate (Lending Agencies) to secure rupee term loans / foreign currency loans and other instrument of an equivalent aggregate amount not exceeding Rs 120.00 crores (Rupees one hundred and twenty crores only) together with the interest thereon at the agreed rates, further interest, liquidated damages, premium on pie-payment or on redemption, costs, charges, expenses and all other moneys payable by the Company to the Lending Agencies under the respective Agreement / Loan Agreement to be entered into by the Company in respect of the said borrowings, subject to necessary provisions & approvals.

6. Authority to the Board to appoint as Branch Auditors of any Branch Office of the Company whether existing or which may be opened hereafter in India or abroad in consultation with the Companys Auditors, any person qualified to act as Branch Auditor, on remuneration, terms & conditions.

Subex Signs Contract With Econet Wireless Kenya - Nov 17, 2008

Subex, a leading global provider of Operations and Business Support Systems has signed a contract with Econet Wireless Kenya to provide its market leading revenue operations centre.Econet, an Essar Communications company, was recently awarded a GSM license for starting its operations in Kenya. In a growing market like Africa it is essential to completely utilize network capacity for genuine subscribers, as well as ensure that the revenue coming in is billed with minimum errors.

Econet was looking for a vendor that would provide a strategic platform that can cover both revenue assurance and fraud management solutions. Subex was chosen for its market leadership in revenue operation centre as well as its strong presence in Africa and will be providing Econet with the Nikira and Moneta components of the ROC.The company made this announcement during the trading hours today, 17 November 2008.

Larsen Toubro Wins Rs 700 Crore Refinery Order - Nov 17, 2008

Larsen & Toubro has secured a major order valued over Rs 700 crore order from HPCL - Mittal Energy, a joint venture of Hindustan Petroleum Corporation and Mittal Energy Investments. The project order involves setting up two 44000 TPA capacity hydrogen generation units for HMEL's grassroots refinery in Bathinda, Punjab. The plant will be designed for operation with 'straight run naphtha' and DHDT naphtha as feed stock. The 9 million tones per year refinery will generate products that meet EURO IV specifications.

The order for the HGU has been awarded to L&T on a lump sum turnkey basis, affirming customer confidence in L&T's integrated capabilities to execute critical sections of refineries. Denmark-based Haldor Topsoe has been selected by HMEL as the process licensor.

L&T's scope of work includes residual process design, detailed engineering, procurement, supply, transportation, storage, fabrication, inspection, construction, installation, testing, mechanical completion, pre-commissioning and commissioning.

The order was bagged by the Chemical plants business unit of L&T's engineering & construction division. Secured against competition from global EPC contractors, the HMEL order augments L&T's long track record in the mid and downstream hydrocarbon sector. Over the years, L&T - India's largest technology, engineering and construction company - has executed critical sections of several refineries in India, South East Asia and the Gulf on a complete engineering-procurement-construction basis. Recently, L&T completed a lube base oil project in Malaysia. The refineries in India and abroad have conformed to exacting hydrocarbon quality requirements, while meeting stringent delivery schedules.

The company made this announcement during the trading hours today, 17 November 2008.

Corporation Bank Has Informed That In Exercise - Nov 17, 2008

Corporation Bank has informed that in exercise of powers conferred by clause (e) of Sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with Sub-clause 2(a) of clause 9 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980, the Central Government, hereby appointed Shri V. Raghuraman, Special Assistant of the Bank as Workmen Employee.

Director on the Board of Directors of the Bank with effect from November 14, 2008 for a period of three years i.e. upto November 13, 2011 or until he ceases to be a Workmen Employee of the Bank or until further orders, which ever is earliest.

Metlife To Hire 30,000 Agents By March - Nov 17, 2008

Private sector insurer MetLife India is planning to hire about 2,000 managers as well as 30,000 advisors and double its branch network by March. This move comes in the midst of talks about wide-scale layoffs and trimming of businesses due to a global financial crisis. Currently, MetLife India has about 2,220 sales managers and more than 30,000 financial advisors working for it, which would grow to a strength of about 60,000 advisors and more than 4,200 managers by March next year.

Maytas Infra Demise Company Of Director - Nov 15, 2008

Maytas Infra Ltd has informed that Shri. C S Mohan, a non-executive Director of the Company, passed away on November 12, 20O8. He has been a member of the Board of the Company since January 02, 2007. He, being an independent Director, was also a Chairman of the Audit Committee and member of the Remuneration Committee of the Board.

DLF Media Release Trust Ltd Which Process Of Building - Nov 15, 2008

DLF Ltd has informed that Mr. Pua Seck Guan has joined DLF Group as CEO, DLF International in Singapore. He will be leading the DLF Trust Management Pte. Ltd. which is in the process of building up office space assets of significant magnitude.

Media Release :
Mr. Seck Guan will be working closely with the management of DLF Ltd and the relevant teams in India to evolve and strengthen the competencies and capabilities, of Retail business. He will also contribute in a big way towards building systems and processes for DLFs real estate operations to become more effective and best in the class.

With his network with the international investors, there could also be opportunities to create fund management business to enable us to explore attractive business and investment opportunities in India and other parts of Asia including China.

Technocraft Industries India Ltd Has AGM Company - Nov 15, 2008

Technocraft Industries India Ltd has informed that the members at the 16th Annual General Meeting (AGM) of the Company held on November 14, 2008, inter alia, have approved 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. Declaration of Dividend @ 10% per share.

3. Re-appointment of Mr. J N Godbole & Mr. Ganesh Kumar Gupta, as Directors of the Company.

4. Appointment of M/s. M L Sharma & Co. Chartered Accountants as Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting, at a remuneration to be decided by the Board of Directors.

5. To Appointment of Mr. Sharad Kumar Saraf & Mr. Sudarshan Kumar Saraf as Directors of the Company, not liable to retire by rotation.

Nu Tek India Appoints Additional Director Company - Nov 15, 2008

The board of Nu Tek India has appointed Sachin Mehra as additional director.The board has approved the acquisition of Sugan Automatics and decided to invest up to Rs 3.5 crore in the equity shares of Sugan Automatics for acquiring majority shareholding and to facilitate LC and CC limits up to Rs 15 crore subject to the signing and execution of shareholder agreement between the parties.

The decision on the appointment of J P Agrawal as director of the company was also deterred by the board unanimously.This was decided at the board meeting held on 30 October 2008.

National Insurance Company Has Revised Its Universal - Nov 14, 2008

National Insurance Company has revised its Universal Health Insurance Policy for above poverty line and below poverty line (APL and BPL) families. Company has expanded the scope of age profile for purposes of coverage as well as revised down the premium payable.The age band as per the amended scheme would be from three to 70 years, revised from 65 at present. There would be no service tax payable and premium rates also have been reduced.

Beneficiaries can now enjoy `cashless'' facility in the hospitals of their choice anywhere in the country. In the event of any claim becoming admissible under the policy, the company will pay to the hospital/nursing home or the insured person through claim administrators (third party administrators of TPAs). The policy will cover the insured, spouse and first three children, apart from their parents. A unique feature of the policy is that it extends the cover to the aged parents.

Egyptian Block Which Is Estimated To Have Barrels - Nov 14, 2008

A consortium led by ONGC Videsh (OVL) has discovered oil in an Egyptian block, which is estimated to have reserves of 800 barrels of oil per day. The first discovery was made in another well, NR-1A ST1, which produced about 3,000 barrels of oil per day during the testing phase. Further, the second discovery was made after drilling NR-2 at a depth of 11,700 feet.

The block is operated by OVL and IPR Red Sea Inc of Egypt; the two firms have 70 percent and 30 percent interest, respectively, in the North Ramadan concession.

Avanti Feeds Ltd Has Informed That The Postal Ballot - Nov 14, 2008

Avanti Feeds Ltd has informed that the Shareholders of the Company have passed the special resolution by postal ballot with an overwhelming majority of 99.94% of the total valid votes, by casting the same in favour of the resolution for the preferential issue of equity shares of Rs 10 each of the company to the promoter and Thai Union Frozen Products Public Company Ltd, Thailand as per SEBI guidelines for preferential issue contained in the SEBI (disclosure and Investors protection) Guidelines, 2000.

The Board of directors has earlier approved the issue of 14,60,000 equity shares to the promoters and Thai Union Frozen Products Public Company Ltd, at an issue price of Rs 40/- per equity share aggregating to Rs 584.00 lacs.

The promoters and Thai Union Frozen Products Public Company Ltd, Thailand shall be allotted the above equity shares upon payment of total issue price of Rs 40/- per equity share.

The Shareholders of the Company have also passed the special resolution by postal ballot with an overwhelming majority of 100% of the total valid votes, by casting the same in favour of the resolution for the increase of Authorised Share Capital of the Company from Rs 700 lacs to Rs 800 lacs.

Prices During The Current Profitability Company - Nov 14, 2008

Rana Sugars Ltd has informed that the Company has started crushing operations in its 5000 TCD crushing capacity Unit situated at Village Buttar Seviyan, Tehsil Baba Bakala, District Amritsar, Punjab w.e.f. November 12, 2008.
Announcement :

Rana Sugars Ltd has started crushing operations in its 5000 TCD crushing capacity Unit situated at Village Buttar Seviyan, Tehsil Baba Bakala, District Amritsar, Punjab w.e.f. November 12, 2008. With availability of better quality of sugarcane, better recovery and higher sugar prices during the current year, the profitability of the Company will be improved considerably.

Intel Warns Of Falling Revenues - Nov 13, 2008

Intel, the world''s biggest computer chip maker, has warned that its latest revenues will miss market targets due to feeble demand all over the world for PCs. In the latest sign of lower consumer spending worldwide, Intel said its revenues for October to December would probably be 14% down on predictions. It now projects fourth-quarter revenue of $9bn (£6bn), lower from its previous forecast of $10.5bn. Analysts said the new figure was much worse than expected.

Aviva Life Joins Hands With Anagram - Nov 13, 2008

Aviva Life Insurance has entered into an alliance with Anagram Stockbroking Ltd for selling life insurance products. The company is looking at a 50 per cent growth in premiums in 2009. The 90 per cent of fresh business for the company comes from ULIPs, while the company is expecting a fall in sale of ULIPs, due to fall in equities. The strength of company agency is expected to increase from the current 30,000 agents to 33,000 by year-end.

Website To Empower Voters Launched - Nov 13, 2008

A website was launched by the former Chief Election Commissioner of India, J. M. Lyngdoh, here on Nov 12, to empower citizens and civil society groups with information about contestants and constituencies to help voters make an informed choice in the elections.

The unique website www.EmpoweringIndia.org created by Delhi-based think Tank Liberty Institute digitized data related to 45,000 candidates who contested in Parliament and Assembly elections in the last five years.

The effort was to present the information including assets declared by candidates in their affidavits, criminal background if any, in a user-friendly manner so that people could analyse and compare the data available and draw their own inferences, said Institute Director Barun Mitra.

For instance, the website threw up information that a former Chief Minister of Karnataka, had declared financial assets worth Rs.4 crore in 2004 elections and Rs. 39 crore in 2008. Similarly, data showed that 102 out of 254 ML As in Bihar faced criminal charges. State Chief Electoral Officer I. V. Subbarao said efforts were on to demystify voter registration process.

Besides providing drop boxes in popular places to enable citizens drop voter enrolment Form 6, voters could soon enroll their names in the voters'' list by submitting forms in 216 post offices spread across Greater Hyderabad.

Apollo DKV Insurance Co Embarks On Kerala Ops - Nov 13, 2008

Apollo DKV Insurance Company Ltd has rolled out its operations in Kerala with entering into an exclusive tie-up with Muthoot Pappachan Group for leading its spread across the State. To purchase health insurance products through Muthoot Pappachan Group''s network of branches, the alliance would offer a comprehensive solution. The company will be present in 40 cities by the middle of next fiscal and also expand to 100 locations by its fifth year of operations.

M&M Eyes Chrysler''s Jeep, Dodge Brands - Nov 12, 2008

There is a possibility of another global acquisition knocking in the auto industry, that too, with an Indian player in the news. After losing out on Land Rover, M&M is looking aggressive to follow the Tata''s example of a high profile global acquisition.

M&M has decided to go for the deal after a collapse of merger talks between Chrysler and General Motors. M&M is expected to make a bid for parts of the Detroit based automotive giant Chrysler. However, according to sources M&M will most likely to bid for the Jeep or Dodge lines of business as it is looking to strengthen the Indian company''s UV capability.

Furthermore, Cerberus is likely to sell the Chrysler brand and Dodge-Jeep brands. It has identified potential buyers for Jeep-Dodge from India, China, Russia and the Middle East and most importantly, and Indian auto major Mahindra''s name is included as a possible suitor.

Maestros Mediline - Buy Back Offer - Nov 12, 2008

Transwarranty Capital Pvt Ltd (Manager to the Buy Back) On behalf of Maestros Mediline Systems Ltd (Target Company) has issued this Public Announcement to the Equity Shareholders / Beneficial Owners of the Equity Shares of the Target Company pursuant to the Provision of Regulation 8(1) read with Regulation 15(c) of the SEBI (Buyback of Securities) Regulations, 1998 for the time being in force including any statutory modifications and amendments from time to time and contains the disclosures as specified in Schedule II to these Regulations.

Pursuant to the Board meeting of the Target Company held on October 27, 2008 (Board Meeting) approving the proposal for buyback of its own fully paid up equity shares of Rs 10 each (Buyback), the Company hereby announces the buyback of its own fully paid-up equity shares of the face value of Rs 10/- each (Shares) from the existing owners of shares of the Company from the Open Market through Stock Exchanges using the nationwide electronic trading facilities of the Bombay Stock Exchange Ltd (BSE) in accordance with the provision of sections 77A, 77AA, 77B and all other applicable provisions, if any, of the Companies Act 1956 (Act) and the Securities and Exchange Board of India (Buyback of Securities) Regulations 1998 (Buyback Regulations) and the relevant provisions of the Memorandum of Association and Articles of Association of the Company subject to approval/s as may be necessary, from time to time from Statutory authorities including but not limited to Securities and Exchange Board of India, Stock Exchanges, Reserve Bank of India, etc. as required at a maximum price not exceeding Rs 75 per equity share (maximum Buyback Price) payable in cash, for an aggregate amount not exceeding Rs 32.56 million (Buyback Size).

The Buyback size represents 9.00% of the aggregate of the Companys paid-up equity share capital and free reserves as at march 31, 2008 (the date of the latest standalone audited accounts) which is within the maximum permissible limit of 10% of the paid-up equity capital and eligible free reserves.

The aggregate paid up capital and free reserves of the Company as at March 31, 2008 is Rs 361.80 million.

The actual number of equity shares to be bought back would depend upon the average price paid for the equity shares bough back and the amount deployed in the Buyback in accordance with the resolution passed by the Board of Directors of the Company on October 27, 2008.

As per Section 77A of the Act, the buyback of equity shares in any financial year shall not exceed twenty five percent of the total paid-up equity capital of the Company in that financial year.

Accordingly, the present offer shall be within the prescribed limits.

The maximum Buyback price of Rs 75 is at a premium of 120.59% over the closing prices on the BSE respectively prevailing on the date of the Board meeting held on October 27, 2008 approving the Buyback.

The maximum Buyback price of Rs 75 is at a premium of 120.59% over the closing prices on the BSE prevailing on October 28, 2008 i.e. the next date after the Board meeting (The closing price was Rs 34 on both the days on the BSE).

Schedule of activities:Board Meeting approving Buy Back - October 27, 2008Date of Public Notice in compliance with Regulation 5A of the Buy Back Regulations - October 29, 2008Date of Opening of Buyback - November 18, 2008Acceptance of Shares - Within the relevant payout dates of Stock Exchange.

Extinguishment of Shares - Within 15 days of acceptance as given above.

Last Date of Buyback - October 26, 2009 (i.e. 12 months from the date of the resolution passed by the Board of Directors of the Company at its meeting held on October 27, 2008 or when the Target Company completes the Buy-back to the extent of Rs 32.56 million whichever is earlier.

All payment obligations related to the Buyback shall be completed by the last date for the Buyback.

Websites Set Government Data Free - Nov 12, 2008

The UK government has announced the winner of a website design contest. The contest "Show Us a Better Way" was all about to generate new ideas that would give the public better access to public information. Presenting their views, the finalists were included ideas for a map site showing school catchment areas and a service telling people where to find the nearest public toilet.

Further, the contest was inspired by booming non government websites such as FixMyStreet, which allows people to report problems like fly tipping to their local council. Hundreds of entries were registered for the contest and all competing for a share of a £80,000 prize

Health Coverage For Sabarimala Pilgrims - Nov 12, 2008

Under a renowned business idea to benefit pilgrims Dhanalakshmi Bank is all set to distribute a mediclaim policy targeted at temple pilgrims called Dhanam Oriental Sabari Policy. The policy was started in association with the Oriental Insurance Company and targets a extensive age group of 5-70 years. At a nominal premium of Rs 40/individual, the policy covers reimbursement of hospitalisation expenses of Rs 25,000 including transportation charges to the nearest hospital as well as mortality and permanent disablement cover of Rs 1 lakh to the client. The period of the cover under the individual policy would be 60 days.

House Of Agreement With Simple Approach Ltd - Nov 11, 2008

House of Pearl Fashions Ltd has informed that Multinational Textiles Group Ltd, Mauritius, a wholly owned subsidiary of the Company, has entered into a agreement for purchase 1,87,500 ordinary shares of USD 1 each (being 75% of the issued ordinary shares) and 31,90,000 Redeemable Preference Shares of USD 1 each (being 100% of issued preference shares) of Simple Approach Ltd., Hongkong.Simple Approach is engaged into marketing and distribution of apparels and is supplying to value added mid market retailers in UK and USA.

Multinational Textiles To Purchase Hongkong - Nov 11, 2008

House of Pearl Fashions has announced that Multinational Textiles Group, Mauritius, a wholly owned subsidiary of the company has entered into a agreement for purchase 1,87,500 ordinary shares of US$ 1 each (being 75% of the issued ordinary shares) and 31,90,000 redeemable preference shares of US$ 1 each (being 100% of issued preference shares) of Simple Approach, Hongkong. Simple Approach is engaged into marketing and distribution of apparels and is supplying to value added mid market retailers in UK and USA.The company made this announcement after the trading hours on Monday, 10 November 2008.

Twentyfirst Century Management Services Resigns - Nov 11, 2008

The board of Twentyfirst Century Management Services has accepted the resignation of S P Tulsian - independent - non executive director with effect from 31 October 2008.The board has accepted the resignation of A V M Sundaram - wholetime director with effect from 31 October 2008. However he will continue as company secretary.The company made this announcement during the trading hours today, 11 November 2008.

Conclusion Of Next Annual Meeting Of The Company - Nov 11, 2008

Omax Autos Ltd has informed that the members at the 25th Annual General Meeting (AGM) of the Company held on September 30, 2008, inter alia, have accorded the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2008 and Profit and Loss Account for the year ended on the date along with all the schedules and reports of the directors and auditors thereon.

2. Declaration of dividend @ 15.00% i.e. Rs 1.50 per equity share fully paid up for the financial year 2007-2008.

3. Re-appointment of Mr. V K Chhabra, Mr. Atul Raheja & Mr. K C Chawla, as Directors of the Company.

4. Appointment of M/s. A Kumar Gupta & Co., Chartered Accountants, as Statutory Auditors of the Company from the conclusion of this Annual General Meeting till the conclusion of next Annual General Meeting of the Company, on remuneration, terms & conditions.

5. Appointment of Mr. Lalit Bhasin & Mr. Suresh Chand Mathur as Directors of the Company, liable to retire by rotation.

6. Re-appointment of Mr. K C Chawla as the Whole time Director of the Company for a period of 3 years with effect from September 19, 2008, on remuneration, terms & conditions.

Woolite Mercantile Open Of Woolite Mercantile - Nov 10, 2008

Chartered Capital & Investment Ld (Manager to the Offer), on behalf of Mr Umesh P Chamdia (Acquirer) and Mrs Arwa Umesh (Persons Acting in Concert /PAC), has issued this Public Announcement (PA) to the Equity Shareholders of Woolite Mercantile Company Ltd (Target Company), pursuant to and in compliance with Regulation 10 and 12 & other applicable provisions as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations , 1997 (SEBI (SAST) Regulations, 1997) and subsequent amendments thereto.

The Offer:The Acquire intends to make an Open Offer in terms of the SEBI (SAST) Regulations, 1997 to the Shareholders of the Target Company to acquire upto 3,98,400 equity shares of Rs 10/- each representing 20% of the voting capital of Target Company at a price of Rs 13.50 (Rupees Thirteen and Paise fifty only) per fully paid up equity shares, payable in cash subject to the terms and conditions mentioned in the PASchedule of Activities:
Specified Date - November 28, 2008 Date of Opening of the Offer - December 24, 2008 Date of Closing of the Offer - January 12, 2009.

Water Conveyor System With All Associated Approach - Nov 10, 2008

IVRCL Infrastructures & Projects has been awarded the lift irrigation project viz. 'execution of PRANAHITHA — CHEVELLA lift irrigation scheme — link VII — package No. 20' including investigation, designs and execution of lift irrigation scheme for drawal / lifting of 25 TMC of water from foreshore of SRSP reservoir to balancing reservoir near Masam (V), Nizamabad Mandal & District by water conveyor.

System with all associated components such as approach channel, gravity lined canal, lifts, pressure main, CM & CD works, distributary system and all other allied works, at a project cost of Rs 893 crore from the Government of Andhra Pradesh, irrigation & CAD department.

Glenmark Generics Launches Morphine Oral Solution - Nov 10, 2008

Glenmark Generics' US subsidiary of Glenmark Pharmaceuticals has initiated distribution of Morphine Sulfate Oral Concentrate Solution in the U.S. market through a licensing agreement with a U.S. based pharmaceutical development company. This will be the fifth product offered by Glenmark in the category of pain management.

Morphine Sulfate Oral Concentrate Solution 20mg/ml is offered in three presentations and is indicated for the relief of moderate to severe pain. Total sales for the 12 month period ending June 2008 were in excess of US$ 15 million as stated by IMS Health.

This product launch complements Glenmark's presently established portfolio of both oral solid and oral liquid pain management products. This niche market category maintains a high barrier to entry due to strict DEA regulations thereby limiting the number of competitor companies and showcasing Glenmark as the sole India-based company in each of their product launches. These products are manufactured for Glenmark in the United States through a partnership and are distributed directly from GGI's 75,000 square ft warehouse located in Mahwah, New Jersey.

Glenmark's current portfolio consists of 36 products authorized for distribution in the U.S. marketplace. The company has 40 ANDA's in various stages of the approval process with the U.S. FDA. In addition to these internal filings, GGI continues to identify and explore external development partnerships to supplement and accelerate the growth of the existing pipeline and portfolio.The company made this announcement during the trading hours today, 10 November 2008.

First Power Plant Of 330 MW Capacity Is Ready - Nov 10, 2008

Adani Group’s first power plant of 330 MW capacity is ready to be commissioned in the first quarter of 2009 at Mundra. Adani Power, subsidiary of Adani Group, has already entered into two power-purchase agreements (PPA) of 1,000 MW each with the state-owned power utility Gujarat Urja Vikas Nigam (GUVNL), while another PPA of 1,450 MW has been signed with the Haryana state power utility.

Adani Group Chairman Gautam Adani said, first turbine of 330 MW will be commissioned in the first quarter of 2009 in Mundra power plant and the entire 4,620 MW power plant will be complete in the end of 2010.

Steel Said In A Filing To The Bombay Exchange - Nov 08, 2008

JSW Steel today is planning to cut output by about 20 per cent to cope with the current market conditions due to which the shares of the firm dropped over nine per cent on the bourses. The company is planning to rationalize the product mix as per the current market conditions and appropriately modify the production programme to effectively reduce the total production by around 20 per cent from November 2008, JSW Steel said in a regulatory filing to the Bombay Stock Exchange.

Shares of JSW Steel today plunged 9.12 per cent to Rs 273.50 after opening the trade at Rs 295 on the BSE.On the National Stock Exchange, the scrip touched a low of Rs 273.45, down 9.06 per cent.Meanwhile, the metal and mining firm''s October crude steel production grew five per cent over the year-ago period at 3.38 lakh tones.

Computer Services Ltd Has Informed The Compensation - Nov 08, 2008

Satyam Computer Services Ltd has informed that the Compensation Committee of Directors of the Company allotted 7,747 equity shares through circular resolution on November 06, 2008, approved on November 07, 2008 under stock option plans of the Company.

Consequent to the above allotment, the paid up share capital of the Company has gone up from 673,697,557 equity shares of Rs 2/- each aggregating Rs 1,347,395,114.00 to 673,705,304 equity shares of Rs 2/- each aggregating Rs 1,347,410,608.00.

Sterlite Projects To Increase Authorized Share Capital Nov 08, 2008

The board of Sterlite Projects has approved to increase the authorized share capital of the company to Rs 15 crore divided into 1,50,00,000 equity shares of Rs 10 each.The board has approved to issue 1,38,87,900 fresh equity shares on preferential basis at par.The board has approved the proposal relating to the borrowing of the funds to the extent of Rs 100 crore.Further, the board has decided to convene extraordinarygeneral meeting on 17 December 2008.

Sundaram Clayton - Notice Of Postal Ballot - Nov 08, 2008

Sundaram Clayton Ltd has informed that the members of the Company will consider to approve by way of Postal Ballot the following Resolutions:
1. To alter the objects clause of the memorandum of association, namely clause III be and is hereby amended, by including sub-clause 3A after the existing sub-clause 3 in the manner as set out hereunder:Clause 3A

To carry on the business of designers, developers, manufacturers, distributors, sellers and dealers in all types of internal combustion engines, including oil and petrol engines, diesel engines, engines operating on hybrid power, on gas, turbines, for use as stationary engines or in all kinds of automobiles, including tractors, earthmovers and all kinds of off-highway vehicles, and also for stationary applications, and to buy, sell, repair, convert, alter, export, import, let on hire all types of Internal combustion engines.

2. To commence the business activities as specified in sub-clause 3A of clause Ill of the memorandum of association of the Company, subject to necessary provisions & approvals.
The Board of Directors has appointed Mr. K Sriram, Practicing Company Secretary 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 not later than on December 05, 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 Mr. Venu Srinivasan, Managing Director of the Company, as Chairman in terms of article 148 of the Articles of Association of the Company or in his absence any person authorised by the Chairman on December 09, 2008.

Nerka Chemicals Uniphos Enterprises Agreement - Nov 07, 2008

United Phosphorus has announced that one of the promoter group companies Uniphos Enterprises has entered into an agreement on 03 November 2008 with another promoter group company Nerka Chemicals for interse transfer of 28,50,000 equity shares of the company through off market deal amongst promoter group as part of a strategic planning within the group.The company made this annuncement after the trading hours on Thursday, 06 November 2008.

Rajiv Gandhi International Airport Facilities Passengers - Nov 07, 2008

In line with international airports, passengers can now experience a unique and revitalizing therapy, complete with a foot massage before boarding the flight at the airport. Rajiv Gandhi International Airport has introduced spa facilities for passengers to relax their mind, body and soul with a wide range of first-rate treatments in an elegant setting. Travellers flying from RGIA can now experience India's first Fish Reflexology center along with foot massage or an instant massage or quick cleanups while waiting to catch a flight.

Fish Reflexology offers a unique and revitalizing therapy, complete with a foot massage. With soft lightings, calming resonance of a river stream, the entire are filled with the aroma and feet relaxed in a warm pool, witness a school of Turkish fish named Garra Rufa gently nibbles on your feet. These adorable little fish consume only the dead skin areas, revealing your smoother and healthier skin - the perfect way to exfoliate and pamper your feet.

The 02 Spa offers facilities like massages, pedicures, manicures, facials etc. is the latest addition to the growing list of airport amenities at RGIA and is also reasonably priced depending on the service requested.The company made this announcement after the trading hours on Thursday, 06 November 2008.

Ranbaxy And Daiichi Sankyo Landmark Deal - Nov 07, 2008

Ranbaxy Laboratories and Daiichi Sankyo Company has announced the successful closure of their transformational deal with the execution of the final transfer of the remaining equity shares of the Singh family, in Ranbaxy. Pursuant to this, Daiichi Sankyo has now acquired 63.92% of the equity share capital of Ranbaxy comprising 268,711,323 shares. The company made this announcement during the trading hours today, 07 November 2008.

Airlines And Jet Airways Are Expected To Prices - Nov 07, 2008

Kingfisher Airlines and Jet Airways are expected to cut ticket prices by up to Rs 1,000 on domestic routes by December. The two carriers came under pressure after the aviation ministry told them to pass on the benefits of a series of the government measures to bail out the struggling industry. Last week, oil marketing companies had announced a 17% cut in aviation turbine fuel (ATF) prices. Along with this the government had reduced customs duty on jet fuel by 5%.

Following this, ATF prices in the metros have come down between Rs 44,965 and Rs 53,663 per kilolitre, a 20% drop from last month. The airlines also received an extension to pay off their fuel dues worth Rs 2,000 crore. However, the customers are yet to get any relief. Airlines had put the fuel surcharge on fares following the surge in crude prices as Kingfisher had raised the economy fare on the Mumbai-Delhi route to Rs 6,325, including a fuel surcharge of Rs 3,100, congestion surcharge of Rs 150 and tax of Rs 225.

Sun Pharmaceutical Industries Receives Approval - Nov 06, 2008

Sun Pharmaceutical Industries has announced that USFDA has granted approval for the Abbreviated New Drug Application (ANDA) to market generic Sinemet, carbidopa and levodopa tablets.These carbidopa and levodopa tablets are therapeutically equivalent to Sinemet tablets from Bristol-Myers Squibb and are available in three strengths: 10 mg / 100 mg, 25 mg / 100 mg and 25 mg / 250 mg.

These strengths of carbidopa and levodopa tablets, used in the treatment of Parkinson’s disease and syndrome, have annual sales of approximately US$ 70 million in the US.The company made this announcement after the trading hours on Wednesday, 05 November 2008.

Computer Systems The Leading Global IT And BPO - Nov 06, 2008

Patni Computer Systems, the leading global IT and BPO services provider has been appointed by international health and care organisation Bupa, to provide a managed service for its core business applications.The Patni team will include 40 technical specialists based in the UK and India and the contract is a three-year agreement. Patni had been working with Bupa for two years before agreeing this new contract and is one of a small number of third party suppliers retained by Bupa as part of its multi-vendor outsourcing strategy.

The new contract with Patni forms part of a worldwide initiative by Bupa to drive change within its IT function. This initiative has three main aims: to improve levels of service to the business, to support quality software developments and to promote global re-use of applications and processes.The company made this announcement during the trading hours today, 06 November 2008.

Tokio General Insurance Company Rolled Variant - Nov 06, 2008

Iffco-Tokio General Insurance Company rolled out a variant of its weather insurance product - Mausam Bima Yojna (MBY) - this year. Of late, the company introduced Barish Bima Yojna (BBY) for kharif crops in four States in 2004. MBY has been introduced in select districts across six States - Andhra Pradesh, Punjab, Uttar Pradesh, Maharashtra, Madhya Pradesh and West Bengal so far. MBY is an index-based weather insurance product. The policy provides cover for anticipated deficiency in crop yield due to excess rainfall during the specified cover period.

This new scheme will provide cover for paddy, sugarcane, groundnut and other crops cultivated in this belt. The company is planning to introduce MBY in Salem, Madurai, Cuddalore and Vellore districts before the end of November.

Revision In Benchmark Prime Lending Deposit - Nov 06, 2008

State Bank of India (SBI) has informed that the Bank has revised the Benchmark Prime Lending Rate (referred to as SBAR) & Deposit Rates as under:

State Bank of India has reduced the Benchmark Prime Lending Rate by 75 bps from 13.75% p.a. to 13.00% p.a. effective from November 10, 2008 and reduced the Deposit Rates by 50bps across the maturities from 91 days upto 5 years and by 25bps for deposits with maturities of 5 years and over effective from December 01, 2008.

Religare Enterprises Approved A Proposal To Buy Majority - Nov 05, 2008

The board of directors of Religare Enterprises approved a proposal to buy 100 per cent or a majority stake in Lotus India Asset Management Company Pvt Ltd from Alexandra Fund Management, an affiliate of Fullerton Fund Management Company, and London-based Sabre Capital. Lotus India is a joint venture between a unit of Singapore''s Temasek Holdings and London-based Sabre Capital Worldwide.

Lotus India AMC manages over Rs 5,000 crore in domestic mutual funds and Religare through a joint venture with Dutch financial firm AEGON already has a presence in the AMC space. Religare is controlled by the Singh family, who recently sold their stake in Ranbaxy Laboratories to Japan''s Daiichi Sankyo.

Chemicals Ltd Has Informed The Register Of Members - Nov 05, 2008

Empee Sugars & Chemicals Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from December 01, 2008 to December 06, 2008 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on December 06, 2008.

Posco To Go Ahead With Its Project In Orissa - Nov 05, 2008

Posco, South Korean steel major on November 3 said that despite the global financial crisis, the company would go ahead with its project in Orissa. Posco-India Director G W Sung told reporters after attending a review meeting of the company''s proposed project near the port town of Paradip, the international financial crisis will not hit the company’s project in Orissa, Stating that the international crisis would in no way affect the Rs 51,000 crore project in Orissa, he said rather they would get adequate time to go ahead with the project.

The company had been accorded with stage-1 of the forest land diversion plan. Accoring to senior official, after fulfilling conditions fixed in the stage-1, the proposed project would get the stage-II clearance. The Supreme Court earlier had cleared the first diversion proposal. Out of the total 4004 acre of land for the Posco project near Paradip, 2958 acre were demarcated as forest land that required Union ministry of Forest and Environment’s clearance.

Kingfisher Airlines Defaults On Payment Of Lease - Nov 05, 2008

The kingfisher has flown into fresh turbulence as Kingfisher Airlines has defaulted on payment of lease rentals to GE Commercial Aviation Services (GECAS) for four A320s. This is according to a complaint filed by the US company with India’s aviation regulator. GECAS, one of the world’s top aircraft lessors, has asked the Directorate General for Civil Aviation (DGCA) for permission to repossess the aircraft and along with this has demanded that the aircraft be de-registered from the airline. However, Kingfisher, denies any default and has obtained a stay order from the Karnataka HC to prevent the repossession. According to kingfisher Airlines official, “There is no default on part of Kingfisher Airlines.

Had there been a default, the court would not have admitted our case. The fact that the court granted an immediate relief to us... demonstrates that the airline has an obvious and prima-facie case,”. Kingfisher Airlines declined to give details of the dispute on the ground that it was before the court. A DGCA official confirmed that GECAS had written to the aviation regulator for repossession of the aircraft. The tussle with GECAS is the latest instance of the cash crunch being faced by Kingfisher. Kingfisher Airlines posted a net loss of Rs 483.2 crore for the quarter ended September 2008, which was almost double its net loss of Rs 253.1 crore in the same period last year.

Empee Distilleries Ltd Has Informed That Register - Nov 04, 2008

Empee Distilleries Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from December 01, 2008 to December 08, 2008 (both days inclusive) for the purpose of payment of final dividend & Annual General Meeting (AGM) of the Company to be held on December 08, 2008.

Payment Service Through Interactive Voice Response - Nov 04, 2008

ICICI Prudential Life on 3rd Nov unveiled its premium payment service through interactive voice response (IVR). This service will give policyholders the option to make their premium payment over the phone with the help of their credit card. This method will be hassle free and time saving. For this facility, customer requires to call up any of the various ICICI Prudential Life customer service help line numbers, furnish his/her policy number and amount of premium required to be paid along with his credit card details to make the payment.

Nagarjuna Const Bagged Two Orders - Nov 04, 2008

Nagarjuna Construction Company Ltd has bagged two new orders of worth Rs 527 crore. The Hyderabad-based, infrastructure major said that the first order, evaluated at Rs 401 crore, was secured from the Hyderabad Metropolitan Water Supply and Sewerage Board, Hyderabad. The objective is to bring Godavari water from Yellampally Barrage for the drinking water needs of Hyderabad Urban Agglomeration.

It is expected to be finished over a period of 24 months. The second order, worth Rs 126 crore, was from the Assam State Electricity Board for different works to be finished over a period of 18 months.

Reliance Infrastructure Ltd Has Purchased Company - Nov 04, 2008

Reliance Infrastructure Ltd has purchased back eight lakh equity shares of the company in the last four days. It includes five lakh shares purchased back by the company on Nov 3 and three lakh shares on the day of Muhurat trading. Since the commencement of the buy back on March 25, Reliance Infrastructure has purchased 64.60 lakh equity shares aggregating Rs 669.13 crore.

Prudential Sugar Company - Extension Of Holding AGM - Nov 03, 2008

Prudential Sugar Corporation Ltd has informed that due to some unavoidable reasons the Company could not held AGM for the financial Year ended March 31, 2008 and got extension of 2 months from Registrar of Companies, Andhra Pradesh to hold Annual General Meeting (AGM).

Jai Balaji - Change In Directorate Company - Nov 03, 2008

Jai Balaji Industries Ltd has informed that the Board of Directors of the Company at its meeting held on October 31, 2008, inter alia, has transacted the following:

1. Accepted the resignation tendered by Shri. Gaurav Mathur from the directorship of the Company w.e.f. October 15, 2008.

2. Appointed Shri. Kumar Krishnan Iyer as an Additional Director of the Company w.e.f. October 30, 2008.

3. Reconstituted the Audit Committee, Remuneration Committee, Shareholders Grievance Committee and Management (Finance) Committee by appointing Shri. Kumar Krishnan Iyer as a member in place of Shri. Gaurav Mathur.

Garware Offshore - Placing Of An Order For Construction - Nov 03, 2008

Garware Offshore Services Ltd has informed that the Company has placed an order with Havyard Leirvik AS, for a Multi Purpose Platform Supply Vessel of 4500 DWT. The Vessel will have Diesel Electric Propulsion, offering potential customers significant savings in fuel consumption.

The Vessel will also have an optional Moon Pool and the deck will be strengthened for the fitment of a Crane.The approximate cost of the Vessel is USD 55 Million and scheduled for delivery in the last quarter of Calendar Year 2010.

Technocraft Industries - Approved the Amalgamatio - Nov 03, 2008

Technocraft Industries India Ltd has informed that the Honble High Court, Bombay sanctioned the Amalgamation of Danube Fashions Ltd with the Company by the order passed on October 24, 2008.

Cairn India On Tied Up Billion For Development - Nov 1, 2008

Cairn India on Oct 29 said it had tied up funds for $1.8 billion for development of its Rajasthan oilfields and was on schedule to deliver first oil in second half of 2009.

The company reported an over 12-fold jump in its third quarter net profit to Rs 293.3 crore on back of high crude oil prices.It plans to invest $ 1.8 billion in developing Mangala, Bhagyam and Aishwariya fields in Barmer district of Rajasthan and laying a pipeline to transport the oil to refineries on Gujarat coast.Of the $850 million credit facility, the company is yet to draw about $700 million.Rajasthan has delayed grant of right of user (ROU) for laying the pipeline but the company believed they would be in place soon.

Punjab National Bank - Change In BPLR Deposit Rates - Nov 1, 2008

Punjab National Bank has informed that the Bank has decided to reduce the BPLR by 50 bps from 14% to 13.50% w.e.f. November 01, 2008.

The revised BPLR shall be applicable in respect of all existing and new accounts linked with BPLR where rates are charged at BPLR and above.

The interest rates on Housing Loans, Car Loans and Education Loans which were reduced w.e.f October 16, 2008 as a part of festival bonanza will continue at the reduced rates.

Further, the Bank has decided to reduce the peak rates of deposits from 10.5% to 10%. The effective date for the reduced rate shall be from December 01, 2008.

Tonira Pharma - Appointment Of Director Company - Nov 1, 2008

Tonira Pharma Ltd has informed that the Board of Directors of the Company at its meeting held on October 31, 2008, inter alia, Mr. J L Nagori has been appointed as the Additional Director of the Company.

Kesar Enterprises Ltd Has Informed The Members General - Nov 1, 2008

Kesar Enterprises Ltd has informed that the members at the 74th Annual General Meeting (AGM) of the Company held on October 31, 2008, inter alia, have accorded the following:
1. Audited Annual Accounts as on June 30, 2008.

2. Declaration of dividend @ 1% on 20,00,000 Cumulative Redeemable Preference Shares for the years 2006-07 and 2007-08 and a Dividend of Re 0.50 per share i.e. 5% on 67,90,915 Equity Shares of the Company.

3. Re-appointment of the retiring Directors Smt. M H Kilachand and Shri. K D Sheth.

4. Appointment of M/s. N N Jambusaria & Co., Chartered Accountants as Statutory Auditors of the Company.

5. Special Resolution u/s 81(1A) of the Companies Act to offer, issue and allot securities upto an amount of Rs 125 crores or equivalent foreign currency inclusive of premium payable, if any.