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.