The board of Dhanlaxmi Fabrics has approved the allotment of 25,60,000 equity shares of Rs 10 each for Rs 45 on preferential basis to Eskay Niryat and Promtech Impex.
This was approved at the board meeting held on 26 September 2008.
Indian Stock Market
The members of Kinetic Motor Company has decided to increase the authorised share capital of the company from Rs 88.56 crore to Rs 93.56 crore by creation of new 5,00,000 redeemable cumulative preference shares of Rs 100 each.
The members has decided to issue 5,00,000 redeemable cumulative preference shares of face value of Rs 100 each to Kinetic Engineering on preferential basis.
This was decided at the extraordinary general meeting held on 26 September 2008.
The board of Adani Enterprises has appointed Yoshihiro Miwa as additional director of the company.
This was decided at the board meeting held on 26 September 2008.
nse tips
Sterlite Technologies, a leading global provider of wire and cable solutions for the power and telecom industry has announced recent contract wins from Power Grid Corporation of India. The contracts, which are for Sterlites ACSR Moose power conductors, are worth a total of Rs 254 crore (US$ 55 million). As per PGCILs requirement, about 60% of the contract value would be executed within the current fiscal. As on date the company has a strong order book valued at over R Rs 1 s 1400 00 crore (US$ 304 million).
The company currently has a cumulative manufacturing capacity of 115,000 MT (metric tons), making it the largest manufacturer in India and amongst the top 5 global manufacturers of power conductors. Keeping with the unprecedented growth in demand from the Indian and global telecom and power sectors, Sterlite is increasing the manufacturing capacity at its power conductors facility to 160,000MT, doubling the manufacturing capacity at its optical fiber facility to 12 million-km & tripling the manufacturing capacity at its fiber optic cables facility to 6 million-km.
The company made this announcement during the trading hours today, 26 September 2008.
The committee of Tayo Rolls has approved the rights issue swap ratio at 7:8. The committee has decided to issue 47,88,700 equity shares of Rs 10 each at a premium of Rs 116 per share on rights basis, aggregating to Rs 60,33,76,200.
This was approved at the committee meeting held on 26 September 2008.
The board of Gulf Oil Corporation has appointed Prakash Shah, a former Ambassador and Permanent Representative of India to the UNO as additional director. He is an independent director. Further, Alain V Dujean, director, forming part of promoters category has resigned with effect from 25 September 2008.
This was decided at the board meeting held on 25 September 2008.
India Foils has announced that the authorised share capital of the company has been increased from Rs 130,00,00,000 to Rs 336,40,00,000.
The company made this announcement after the trading hours on Thursday, 25 September 2008.
HUGO BOSS Ticino SA, a strategic business unit of HUGO BOSS Group is starting a new collaboration with Pokarna in the shirting manufacturing segment. Pokarna would be manufacturing high end premium shirts for HUGO BOSS Ticino SA.
The company made this announcement after the trading hours on 25 September 2008.
British Airways, the UK's premier airline has just signed a multi million pound deal with one of the world's leading technology companies, NIIT Technologies. The three-year deal enables the support and testing of business critical applications across various business areas of the global airline.
The contract is one of the largest ever deals to be signed by NIIT Technologies within the UK airline industry and follows a twelve year relationship between the two companies. NIIT Technologies has built on its reputation in the airline sector for providing efficiencies and savings through outsourcing by continuing to demonstrate expertise, experience and commitment towards their client's success. The organisation aids clients become more competitive by supplying a premium service.
The deal comes as the airline industry has come under increasing pressures from rising costs of fuel, the credit crunch and falling consumer confidence. British Airways has also undertaken a cost mitigation exercise with their global partners to reduce costs and maintain competitive.
The company made this announcement during the trading hours today, 26 September 2008.
Aban Offshore has announced that a letter of agreement has been signed with Husky Oil China in relation to the possible deployment of the jack-up rig deep driller 5 offshore China for a 3 firm wells + 3 optional wells programme. Subject to the fulfillment of conditions, the estimated revenues from the firm period of the contract would be approximately US$ 38.70 million. The deployment is to commence in direct continuation of its present contract, which is expected in the first quarter of 2009.
The company made this announcement during the trading hours today, 26 September 2008.
Indian Stock Market
The board meeting of Multiplus Holdings will be held on 03 October 2008 to consider the draft letter of offer and all matters pertaining to the rights issue of equity shares of the company.
Indian Stock Market
Educomp Solutions has signed an agreement with Department of State Education Research & Training (DSERT), Government of Karnataka for implementation of computer aided education in 1571 schools in Karnataka. The order is valued at Rs 109 crore to be executed over 5 years.
Educomp has also announced that it has signed an agreement with Government of Chattisgarh for imparting computer aided education in 52 hostels.
With the above orders, the total number of schools in the Educomp ICT portfolio has gone upto 8912. The latest wins will extend the reach of Educomp's services to approximately additional 800,000 students, thus taking the total number of students served by Educomp to 5.8 million in India.
Educomp is the leader in public private partnerships for the government school sector and its reach extends to 13 states in India, where state of the art equipment, multilingual content and experienced staff guide students to understanding difficult to master abstract academic concepts, thus reducing the drop out rate and enhancing learning outcomes.
The company made this announcement during the trading hours today, 26 September 2008.
The board of Alumeco India Extrusion has accepted the resignation of M Ratnakar from the position of alternate director to Hans Schweers.
The board has appointed Nand Kishore Khandelwal as alternate director to Hans Schweers.
The board has appointed M Ratnakar as additional director of the company.
This was decided at the board meeting held on 23 September 2008.
NSE tips
LT Overseas has announced that the name of the company has been changed from LT Overseas to LT Foods.
The company made this announcement during the trading hours today, 25 September 2008.
BSE tips
The eQualityTM is a monitor for everyone, an affordable monitor with features for both spot check and continuous monitoring. This monitor is specially designed for the emerging and low ASP markets of the world. Some of the features for this monitor are: Proprietary Comfort CuffTM NIBP measuring on inflation for faster more comfortable readings, DOXTM digital SpO2, technology with waveform display, audible alarms, on-screen menu selection, network connectivity, direct mian (AC) power so no adaptor is required.
The nCompass is a simple to use vital signs monitoring to conscious sedation, light weight, portable and this comprehensive, cost-effective solution is perfect for the bedside, in transit and sedation procedures. Some of the features for the monitor are: Easy to read 12.1 active TFT display, easy to learn and use simplified menus with dedicated function keys, compatible with criticares 8500 series agent gas analyzer for anesthetic monitoring, OXY_CRG trend display, optional external cardiac output module, compatible with popular electronic medical records systems for both large and small hospitals. Both the above monitors are approved for sale in USA and Europe.
The company made this announcement during the trading hours today, 25 September 2008.
BSE tips
Opto Circuits India has announced that Criticare Systems Inc, USA the company's wholly owned subsidiary has launched its two new series of patient monitors eQuality and Ncompass which were developed by company's in-house research and development team.
The eQualityTM is a monitor for everyone, an affordable monitor with features for both spot check and continuous monitoring. This monitor is specially designed for the emerging and low ASP markets of the world. Some of the features for this monitor are: Proprietary Comfort CuffTM NIBP measuring on inflation for faster more comfortable readings, DOXTM digital SpO2, technology with waveform display, audible alarms, on-screen menu selection, network connectivity, direct mian (AC) power so no adaptor is required.
The nCompass is a simple to use vital signs monitoring to conscious sedation, light weight, portable and this comprehensive, cost-effective solution is perfect for the bedside, in transit and sedation procedures. Some of the features for the monitor are: Easy to read 12.1 active TFT display, easy to learn and use simplified menus with dedicated function keys, compatible with criticares 8500 series agent gas analyzer for anesthetic monitoring, OXY_CRG trend display, optional external cardiac output module, compatible with popular electronic medical records systems for both large and small hospitals. Both the above monitors are approved for sale in USA and Europe.
The company made this announcement during the trading hours today, 25 September 2008.
BSE tips
The board meeting of Infosys Technologies will be held on 10 October 2008 to consider the audited financial results of the company as per Indian GAAP for the second quarter and half year ending 30 September 2008 (Q2).
The audited consolidated financial results of the company and its subsidiaries as per Indian GAAP for the second quarter and half year ending 30 September 2008.
The unaudited financial results of the company as per IFRS for the second quarter and half year ending 30 September 2008.
The unaudited financial results of the company as per US GAAP for the second quarter and half year ending 30 September 2008. To consider payment of interim dividend, if any.
NSE tips
Dr. Reddy's Laboratories has entered the inhaler segment in India with the launch of CombihaleTM - a combination of a steroid and a long acting bronchodilator. It is used in the treatment of asthma and is available in two combinations, CombihaleTM FF and CombihaleTM FB.
CombihaleTM would be available along with 'Redihaler', a dry powder inhalation device that was designed in-house and which will initially be given free of cost with CombihaleTM.
The company made this announcement during the trading hours today, 25 September 2008.
BSE tips
Glenmark Generics (GGL) US subsidiary has received ANDA approval from USFDA for Betamethasone Dipropionate cream, 0.05%(augmented) and will soon commence marketing and distribution of this product in the U.S. market.
Betamethasone Dipropionate is a high-potency corticosteroid indicated for the relief of the inflammatory and pruritic manifestations of corticosteroidresponsive dermatoses and is the generic therapeutic equivalent of Diprolene AF cream marketed by schering.
This is the eighth steroidal dermatological product in the company's marketed product portfolio targeting an overall segment value of US$ 60 million. This recent approval aligns with Glenmarks strategy to continue strengthening its presence in this niche segment. Two ANDA approvals from the company's semi-solid pipeline were received in the last quarter - Mometasone Furoate cream 0.1% and Mometasone Furoate ointment 0.1%. These products will be manufactured at Glenmark's U.S. FDA approved state of the art semi-solid facility located in Baddi, India. GGL had earlier licensed the US marketing rights for a line of Clobetasol Propionate dermatology products that include - cream, emulsified cream, ointment, gel and topical solution through a US based pharmaceutical development company.
Glenmark's current portfolio consists of 34 products, translating to 126 SKUs, authorized for distribution in the U.S. marketplace. The company has over 35 ANDAs pending approval with the USFDA of which 20% fall within the dermatology segment. 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, 25 September 2008.
BSE tips
Aurobindo Pharma has received final approval from USFDA to manufacture and market Didanosine Delayed Release (enteric-coated) capsules 125mg, 200mg, 250mg and 400mg.
Didanosine Delayed Release capsules is the generic version of Bristol Myer Squibb's Videx EC (Didanosine) Delayed-release capsules, 125mg, 200mg, 250mg and 400mg and is indicated for the treatment of HIV-1 infections in adults. This is Aurobindo's 78th ANDA approval from the USFDA.
The company made this announcement during the trading hours today, 25 September 2008.
NSE tips
Celestial Labs has accepted the resignation of P S N Reddy from the directorship of the company with effect from 15 September 2008.
The company made this announcement during the trading hours today, 25 September 2008.
Flat Products Equipments India has changed the name of the company from Flat Products Equipments to CMI FPE with effect from 23 September 2008.
The company made this announcement during the trading hours today, 25 September 2008.
Shriram EPC, a leading integrated engineering service provider for renewable energy projects, process and metallurgical plants and municipal service sector projects has bagged two orders amounting to Rs 315 crore from Steel Authority of India, Rourkela Steel Plant.
The first order includes design, engineering, manufacture, supply, erection, testing, commissioning and establishment of performance guarantee of coal chemical plant. This order would be executed in consortium with Hutni Project Frydek-Mistek a. s., Czech Republic, and this project is to be commissioned within 28 months from the date of signing of the contract.
The second order includes design, engineering, manufacture, supply, erection, testing, commissioning and establishment of performance guarantee for ammonia liquor treatment plant and ammonium sulphate plant for up gradation of coal chemical plant. This project is to be commissioned 18 months from the date of signing of the contract.
The company made this announcement during the trading hours today, 24 September 2008.
BSE tips
The board of Golden Tobacco has decided to de-merge tobacco and realty business in two separate companies and approved one equity share in the new company for each share held in the existing company.
This was decided at the board meeting held on 24 September 2008.
BSE tips
Gujarat Industries Power Company has announced that IDBI hasnominated G A Tadas as its nominee director representing IDBI on the board of the company vice A Khandual with effect from 08 September 2008.
The company made this announcement during the trading hours today, 24 September 2008.
NSE tips
Shree Precoated Steels has announced that IDBI Bank has appointed A U Katra as nominee on board of the company with effect from 08 September 2008.
The company made this announcement during the trading hours today, 24 September 2008.
BSE tips
Simplex Infrastructures, one of India's leading infrastructure solutions providers has announced that it has bagged an order for AE$ 525 million (Rs 630 crore) for construction of the 2nd tower of the Twin-Tower Complex G-Emporium in the city of Arabia, Dubai. The project is executable over next 30 months.
The project is a 56-storied commercial tower of the same height and dimension and measuring 1 million sq.ft., as the first tower. Simplex Infrastructures had also secured the order for the construction of the residential tower for AE$ 489 million (Rs 587 crore).
The company made this announcement during the trading hours today, 24 September 2008.
NSE tips
The board of Ankit Metal & Power has accepted the resignation of Sanjay Singh from the board with immediate effect.
This was decided at the board meeting held on 24 September 2008.
NSE tips
The board meeting of HDFC Bank will be held on 16 October 2008 to consider the unaudited financial results for the second quarter and half year ending 30 September 2008 (Q2).
NSE tips
Core Projects & Technologies has been awarded a prestigious contract to implement FAIM, its Admissions and Examinations Management System, by the Karnataka State Open University (KSOU).
FAIM is Core's flagship product in the examinations management segment and is presently being used successfully in eight African countries, three Caribbean countries and more than 25 institutions in the UK. The contract with KSOU represents a significant breakthrough for CORE in the Indian subcontinent.
KSOU is a pioneer in the sphere of distance education in India. It is a recognized University of Distance Education Council (DEC), New Delhi, regular member of the Association of Indian Universities (AIU), Delhi, permanent member of Association of Commonwealth Universities (ACU), London, UK, Asian Association of Open Universities (AAOU), Beijing, China and also has association with Commonwealth of Learning (COL).
KSOU presently caters to the training & development needs of over 60,000 students across the country in diverse disciplines of arts, science, commerce, business administration, information technology, journalism etc. It has more than 100 programs which are delivered through 250 study centers across the country. The number of students enrolled is growing at least by 15% year on year.
India has 14 open universities, catering to about 4 million students of which Indira Gandhi National Open University (IGNOU) is the largest, with about 1.8 million students. CORE expects the present order to be a forerunner to establishing its dominance as a major player in the admissions and exanimations management segment in the educations sector in the Indian subcontinent.
The company made this announcement during the trading hours today, 24 September 2008.
NSE tips
The members of Silverline Technologies have accorded the board to create, offer, issue and allot domestic / international offering to domestic / foreign investors / institutional investors / FIIs, members, employees through a public issue, rights issue preferential issue / private placement / equity shares through GDRs / ADRs / FCCBs / any securities convertible into equity shares at the option of the company for an amount not exceeding US$ 10 million.
The members have accorded the board to create, offer, issue and allot domestic / international offering to domestic / foreign investors / institutional investors / FIIs, members, employees through a public issue, rights issue preferential issue / private placement / equity shares through GDRs / ADRs / FCCBs / any securities convertible into equity shares at the option of the company for an amount not exceeding US$ 50 million.
This was accorded at the extraordinary general meeting held on 22 September 2008.
BSE tips
Orchid Chemicals & Pharmaceuticals has announced that Industrial Development Bank of India has withdrawn the nomination of S Andi and appointed S Jeyakumar, general manager, Infrastructure Corporate Group, Industrial Development Bank of India, Mumbai as its nominee on the board of the company with effect from 08 September 2008.
The company made this announcement during the trading hours today, 24 September 2008.
BSE tips
The board of EID Parry India has declared special dividend at the rate of Rs 4 per share (200%) for the financial year ending 31 March 2009.
This was declared at the board meeting held on 24 September 2008.
BSE tips
The committee of EID Parry India has granted 1,93,500 options when exercised would result in one equity share of Rs 2 each. Options would vest only on continued association with the company and on the employee achieving the performance rating parameters as per the ESOP 2008 at the time of grant of options.
These options were granted at the committee meeting held on 24 September 2008.
BSE tips
Shri Lakshmi Cotsyn has launched India's first eco-friendly textile brand in India, 'WEAVES' to offer a wide range of innovative home furnishing products and bedsheets for health conscious families.
The WEAVES range includes innovative products such as Vitamin E (skin care) bedsheets, water repellent bedsheets, mosquito-bacteria repellent and stain free bedsheets. The WEAVES range will also include other home furnishing products such as towels along with pillows, cushions & comforters. Additionally, bath accessories, shower curtains, table mats, table covers and all ranges of kitchen accessories will also be available in all its stores.
Vitamin-E bed sheet is an innovative offering that transfers Vitamin-E from the textile material into the skin. The chemical & pollution free bed sheets / towels are treated with vegetable dyes & colours making it most suitable for human skin. Water repellent bed sheet is ideal for new mother. The cloth doesn't absorb the water as it lay on the surface itself. Hence, it's very easy and hassle free for new mothers / users to clean the bed sheets.
The company made this announcement during the trading hours today, 24 September 2008.
NSE tips
Satyam Computer Services, a leading global consulting and information technology services provider has announced that it is working with Oracle's new health sciences global business unit to provide leading clinical development applications. The solution, which Satyam is offering under the umbrella of Clinical xPress, will help pharmaceuticals, biotech and contract research organizations more effectively address their most pressing business challenges, such as cost containment, safety management and accelerated time to market.
Satyam will be among the first to offer Oracle's suite of clinical development and safety applications, including Oracle remote data capture, Oracle clinical, Oracle adverse event reporting system, Oracle thesaurus management system and Oracle life sciences data hub. It is health sciences sector's most comprehensive suite of applications for clinical development and safety. Clinical xPress will be offered to clients on a subscription-based pricing model, enabling Satyam to provide its customers with end-to-end solutions for clinical development in ways that are affordable and flexible, and which are tailored to each client's unique budget.
The company made this announcement after the trading hours on Tuesday, 24 September 2008.
NSe tips
JK Lakshmi Cement has announced that IDBI Bank has withdrawn the nomination of Pradip Roy from the board of the company.
The company has appointed Amita Narain as its nominee director with effect from 08 September 2008.
The company made this announcement after the trading hours on Tuesday, 23 September 2008.
BSE tips
The board meeting of Hind Industries will be held on 30 September 2008 to consider the declaration of interim dividend on the equity shares of the company.
BSE tips
The board meeting of Monotype India will be held on 01 October 2008 to make preferential issue of equity shares by way of issuance of warrants.
BSE tips
The board meeting of Riddhi Siddhi Gluco Biols will be held on 30 September 2008 for considering the issue of Warrants on preferential basis and also for considering change in statutory auditor of the company.
NSE tips
State Bank of India has accepted the resignation of Suman Kumar Bery as director with effect from 19 September 2008.
The company made this announcement during the trading hours today, 23 September 2008.
BSE tips
Sun Pharmaceutical Industries has announced that USFDA has granted an approval for the Abbreviated New Drug Application (ANDA) to market generic Paraplatin , carboplatin injection.
These generic versions of carboplatin 10mg/ml injections packed in 5 ml, 15ml and 45 ml single use vials are bio-equivalent to Paraplatin injections distributed by Bristol Myers Squibb Oncology/Virology. Carboplatin injections are indicated as initial and secondary therapy in patients with advanced ovarian carcinoma.
The company made this announcement during the trading hours today, 23 September 2008.
BSE tips
The board of Marksans Pharma has decided to make allotment of 8400241 equity shares of Re 1 to Bamacle LLC on preferential allotment basis.
This was decided at the board meeting held on 23 September 2008.
BSE tips
The board of Control Print India has made allotment of 67,200 equity shares of Rs 10 each aggregating Rs 6.72 lakhs fully paid-up, to the employees of the company on exercise of option under ESOP.
This was decided at the board meeting held on 23 September 2008.
BSE tips
The board meeting of Aftek will be held on 30 September 2008 to consider annual accounts of the company for the year ended 31 March 2008 and to recommend dividend for the year ended 31 March 2008.
BSE tips
The board of Jhaveri Flexo India has allotted 30,35,000 equity shares having face value of Rs 5 per share at a price of Rs 60 per share to some strategic investors on preferential allotment basis.
These shares were allotted at the board meeting held on 23 September 2008.
BSE tips
The board meeting of Nettlinx will be held on 29 September 2008 to approve amalgamation scheme of Miguru Online, 64-9-2, 1st floor, S B H Complex, Beside Eenadu, Patamata Lanka, Vijayawada - 520010 with Nettlinx, Hyderabad, subject to approval of shareholders and Honourable High Court of Andhra Pradesh, Hyderabad.
BSE tips
The board of Mayur Uniquoters had decided to convert 206600 preferential warrants into equivalent number of equity shares having face value of Rs 10 each.
This was decided at the board meeting held on 23 September 2008.
BSE tips
The board meeting of Ganesh Housing Corporation will be held on 01 October 2008 to consider about inserting provisions in the articles of association of the company with regard to buy back of equity shares of the company.
BSE tips
Willard India has announced that the Hon'ble Allahabad High Court vide its order dated 22 September 2008 has approved the scheme of arrangement / de-merger of the company.
The company made this announcement during the trading hours today, 23 September 2008.
BSE tips
The members of Energy Development Company have accorded the board to issue, offer and allot upto 40,00,000 convertible warrants to be convertible at the option of warrant holders in one or more trenches, within 18 months from their date of allotment into 1 fully paid up equity share of the company of face value of Rs 10 each for each warrant for cash at an exercise price of Rs 135.
This was accorded at the extraordinary general meeting held on 27 August 2008.
BSE tips
The board of Aarti Industries has appointed Prem Chandra Sethi, K V S Shyam Sunder and Bhavesh R Vora as independent directors of the company.
This was decided at the board meeting held on 23 September 2008.
BSE tips
Patni Computer Systems, a leading global IT services provider has announced the release of Patni atomsTM for Oracle, a prepackaged business process platform that telecommunications and media providers can leverage to accelerate their business and IT transformation programs. Patni atomsTM enables these providers to launch new wireless, phone, cable, Internet and media product and service offerings quickly, efficiently and economically.
Patni atomsTM, short for Accelerated Telecom Operations and Media Solutions, represents the real-world knowledge and intellectual property that Patni acquired and packaged from telecom and media service providers worldwide, including The carphone warehouse in the UK. A blueprint for the telco future operating model, atoms consists of pre-configured telecom and media business processes coupled with the integrated Patni services (consulting, systems integration, ADM and managed services) wrapped in a global delivery model.
Using Patni atomsTM, telecommunications and media providers can deliver new services, based on a platform developed by a global IT provider with experience in the telecom space, without undertaking the risk and uncertainty of a more complex enterprise-level implementation. The solution offers existing customers and a large pool of new customer targets a cost-effective, flexible means of getting to market quickly before a market opportunity closes.
Service providers standardized on Oracle Corporations software stack can now take advantage of Patni atomsTM for Oracle, where the core business processes have now been realized on Oracle Fusion middleware platform and seamlessly integrates with Oracle Siebel eCommunications, Oracle BRM and Oracle MetaSolv.
Patni atomsTM is one of two new offerings based on Oracle technology Patni is unveiling this week at Oracle OpenWorld 2008 in San Francisco. The other offering helps financial exchange operators automate conversion processes integral to a regulated environment. Patni atomsTM offers built-in business processes for customer management, credit management, payments, billing, assurance, fulfillment, fraud management and sales and marketing.
The company made this announcement during the trading hours today, 23 September 2008.
BSE tips
Simbhaoli Sugars has announced that IDBI Bank has withdrawn the nomination of Suman Kumar as director of the company with effect from 01 September 2008.
The comapny made this announcement during the trading hours today, 23 September 2008.
BSE tips
Patni Computer Systems, a leading global IT services provider has announced the release of Patni financial exchange management, a business process framework that streamlines the operations of stock, commodity and mercantile exchanges.
The new offering, based on Oracle E-Business suite technology, leverages experience Patni has gained from years of doing projects for major exchanges. It features a business process framework for exchanges' back-office operations along with consistent templates and reports that drive the overall efficiency of operations.
Patni's approach incorporates the company's knowledge of the fee structures exchanges charge, the regulatory environment they operate in and the audits they are subjected to. The result is a framework of business best practices that addresses their unique business challenges.
Back-office efficiency is critical to operation of these major exchanges. Patni Financial Exchange Management drives these efficiencies, providing solutions that address core financials, fixed assets, and key processes including order to cash, procure to pay, and record to report.
The company made this announcement during the trading hours today, 23 September 2008.
BSE tips
The committee of Dr Reddys Laboratories has allotted 21,800 ADRs of Rs 5 each of the company to US employees of the company who have exercised their ADR stock options, pursuant to Dr. Reddy's employees ADR stock option scheme, 2007.
These ADRs were allotted at the committee meeting held on 23 September 2008.
BSE tips
EPIC Energy has successfully commissioned a 500 KVA energy saving project for Aditya Trade centre at its Hyderabad property. The project will lead to a minimum saving of 15% of energy costs for the Trade Center on its mixed loads i.e. lighting and air conditioning.
The company made this announcement during the trading hours today, 23 September 2008.
BSE tips
The equity shareholders of Carnation Nutra-Analogue Foods has approved the composite scheme of arrangement between Carnation Nutra-Analogue Foods and Cadila Healthcare and Zydus Hospitals and Medical Research and their respective shareholders and creditors.
This was approved at the shareholders meeting held on 18 September 2008.
BSE tips
The equity shareholders and unsecured creditors of Cadila Healthcare has approved the composite scheme of arrangement between Carnation Nutra-Analogue Foods and Cadila Healthcare and Zydus Hospitals and Medical Research and their respective shareholders and creditors.
This was approved at the shareholders meeting held on 18 September 2008.
BSE tips
The board of Cybermate Infotek has decided to increase the authorized share capital of the company by Rs 60 crore.
The board has decided to raise additional resources by way of issue of securities such as GDR / ADR, FCCBS and any other instrument convertible into equity shares upto Rs 60 crore.
The board has decided to issue and allot convertible equity share warrants to the promoters and promoters group to P C Pantulu (22,75,058 warrants), K S Shiva Kumar (9,87,004 warrants), P Chandra Sekhar (2,34,160 warrants) and Orchasp Securities (1,62,30,194 warrants).
The board has decided to set up a 100% subsidiary for deploying e-sagu in partnership with Media Lab Asia with an investment of Rs 50 lakhs.
This was decided at the board meeting held on 20 September 2008.
BSE tips
The board of Kernex Microsystems India has appointed M Gopalakrishna, Narasa Raju Manthena, Kishore Gottimukkala and Janardhana Reddy Vinta as additional director.
This was decided at the board meeting held on 20 September 2008.
BSE tips
The board of SREI Infrastructure Finance has decided to appoint Sunil Kanoria, director of the company as vice chairman of the company with effect from 20 September 2008.
This was decided at the board meeting held on 20 September 2008.
BSE tips
Indusvista Ventures has announced the death of Ashok Manghanani. He had been an independent director of the company since 30 June 1993.
The company made this announcement after the trading hours on Monday, 22 September 2008.
BSE tips
The committee of KEI Industries has allotted 129100 equity shares of face value of Rs 2 each upon exercise of options by the eligible employees under KEI ESOS 2006 - 1st tranche.
These shares were allotted at the committee meeting held on 22 September 2008.
BSE tips
GS Auto International has received export orders worth Rs 10.60 million from various customers, such as Arvin Meritor, Hermann Peter Gmbh Germany, Sieg Fried Templing Gmbh Germany, Rotark Gears B.V.Holland and Mast Trading Company, Dubai. With these orders, the company has total export orders in hand, worth Rs 38.50 million, till dates.
nse stock market tips
The board meeting of Tricom India will be held on 30 September 2008 to allot equity shares against options exercised by eligible employees under ESOS, 2004.
nse stock market tips
Maytas Infra, a Hyderabad based construction and infrastructure development company has bagged two orders totaling to Rs 480.67 crore for electrification of Beed & Nanded districts of Lathur Zone, and Ahmednagar district of Nashik Zone from MSEDCL under infrastructure development plan.
The first order for Rs 214.77 crore is from MSEDCL under Mahavitaran, Infra Plan in Beed & Nanded Districts of Lathur Zone. The second order for Rs 265.9 crore is from MSEDCL under Mahavitaran, Infra Plan in Ahmed Nagar District of Nasik Zone.
The company made this announcement during the trading hours today, 22 September 2008.
Shree Cement has been conferred the 3rd RCCI excellence award in recognition of overall best corporate governance practices anddisclosures in annual report.
The company has secured the said distinction in all thefour categories specified for evaluation i.e. corporate governance & capital market, financial performance & analysis, business & qualitative approach and annual report presentation. The award was conferred to the company consecutively for third year.
The company made this announcement during the trading hours today, 22 September 2008.
Kabra Extrusiontechnik has announced that at a function held recently at Kolkata, the company has received from the Engineering Export Promotion Council, India all India award for export excellence 2006-07 for star performer as large enterprise in the product group of miscellaneous special purpose machinery & parts for outstanding contribution to engineering exports during the year 2006-07.
The company made this announcement during the trading hours today, 22 September 2008.
Lanco Infratech has received letter of acceptance from Andhra Pradesh Health & Medical Housing & Infrastructure Dev. Corporation(APHMHIDC), an enterprise of Government of Andhra Pradesh for the construction of buildings for Rajiv Gandhi University of Knowledge Technologies IIIT at Basara in Adilabad District in Andhra Pradesh at a total contract value of Rs 308.98 crore.
The company made this announcement during the trading hours today, 22 September 2008.
India Nippon Electricals has accepted the resignation of R Vijayaraghavan from the directorship of the company effective from 22 August 2008.
The company made this announcement during the trading hours today, 22 September 2008.
The board meeting of BPL will be held on 26 September 2008 to consider issue of securities on preferential / qualified institutional placement basis.
stock market tips
The equityshareholders meeting of Linc Pen & Plastics will be held on 22 October 2008 for the purpose of considering the scheme of amalgamation between Shree Writing Aid with Linc Pen & Plastics and their respective shareholders.
The company made this announcement during the trading hours today, 22 September 2008.
The extraordinary general meeting of Linc Pen & Plastics will be held on 22 October 2008, to seek the approval of shareholders for increase of authorized capital of the company.
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Tata Consultancy Services, a leading global, IT services and business solutions firm, and I-Sec Technologies, a fully owned subsidiary of ICTS International N.V., a world leader in aviation security has announced their partnership with Star Alliance, a global airline alliance, the launch of its premier alliance product for automatic document checking, aimed at simplifying the complex task of verifying travel documentation requirements for travelers.
The development of this automatic document checking software is a Star Alliance joint initiative involving experts from eleven of its member carriers. TCS designed the overall solution and managed the prestigious program for Star Alliance, while ISEC Technologies maintains the systems rule engine data base and assisted in designing its concept.
The company made this announcement during the trading hours today, 22 September 2008.
The board meeting of Jaipan Industries will be held on 06 October 2008 to consider the issue of bonus shares. To consider the proposal for raising the equity by issue of GDR / FCCB.
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The board meeting of Supertex Industries will be held on 30 September 2008 to consider and adopt the directives and procedures required for the debt restructuring scheme.
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Dolphin Offshore Enterprises India has received contracts for charter hire of DP / DSV Vessels from Leighton India worth US$ 10 million. Duration of the contract is 3 months. The company has received contract from Punj Lloyd worth US$ 6 million. Duration of the contract is 2 months.
The company made this announcement during the trading hours today, 22 September 2008.
The board of Haryana Financial Corporation has issued / allotted 8,00,00,000 equity shares of Rs 10 each (at par) to Governor of Haryana on 11 September 2008 against the share capital contribution of Rs 80,00,00,000 received from the State Government during the year 2008-09.
These shares were allotted at the board meeting held on 28 August 2008.
NIIT Technologies, the global IT services provider headquartered in New Delhi has been awarded a global sourcing contract by American Safety Insurance Services, Inc., the Atlanta-based program manager for American Safety Insurance Group, a provider of specialty property and casualty insurance products for small and medium enterprises.
As part of the agreement, NIIT will provide migration, configuration and customization support for ASI's suite of mission critical applications. The work will be performed collaboratively in an onshore -offshore model between India and the United States. The offshore development center will initially employ a diverse mix of technology consultants which will support ASI's rating & quoting applications and document management systems. NIIT will also perform integration and configuration services to the guidewire claims center application based on ASI's user requirements.
The compay made this announcement after the trading hours on Friday, 19 September 2008.
Brigade Enterprises, the leading Bangalore-based real estate company has secured a spot in the latest annual 'Best Under a Billion' list for the Asia-Pacific region in the US magazine Forbes.
The annual 'Best Under a Billion' list selects the best 200 small and medium sized companies with less than $ 1 billion sales, from 24,155 listed firms in the Asia Pacific Region. India, with 22 entries, ranks fourth in terms of the number of companies which have been featured in the list, with Greater China topping the list in the Asia Pacific region with 88 entries, followed by Taiwan with 24 firms and Japan with 23 companies.
The compay made this announcement after the trading hours on Friday, 19 September 2008.
The board of Rids Securities has approved the proposal to amalgamate Tricom Agrochem with the company with effect from 01 April 2008.
This was approved at the board meeting held on 19 September 2008.
3i Infotech has allotted 20,200 equity shares to the applicants under ESOS, 2000.
These shares were allotted by the company on 16 September 2008.
Aarti Drugs has issued and allotted 4,00,000 convertible warrants on preferential basis to promoters / promoters group companies.
These warrants were allotted by the company on 19 September 2008.
High Court (Judicature at Bombay) has sanctioned the scheme of arrangement between Arrow Webtex and Arrow Textiles vide its order dated 22 August 2008.
The company made this announcement after the trading hours on Friday, 19 September 2008.
The board of Shakti Pumps India has decided to convene extra ordinary general meeting on 16 October 2008 for appointment of statutory auditors of the company.
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Selan Exploration Technology has accepted the resignation of B K Barman from the board of the company with effect from 30 July 2008.
The company made this announcement after the trading hours on Friday, 19 September 2008.
The board of Kesar Enterprises has recommended dividend at the rate of Re 0.50 per share (5%) on equity shares and 1% on cumulative redeemable preference shares for the years 2006-07 and 2007-08.
This was recommended at the board meeting held on 19 September 2008.
The board meeting of Tanu Healthcare will be held on 22 September 2008 to consider induction of new directors on the board and also consider the resignations of some of the existing directors. To consider the proposition of bringing the Medicinal Plantation Land Bank and Intellectual Property Rights (IPR) into Socrus Bio Sciences.
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Kennametal India has accepted the resignation of Doulgas C Phillips as director of the company with effect from 12 September 2008.
The company made this announcement during the trading hours today, 19 September 2008.
The board of ACI Infocom has approved the proposal for taking over the educational and training business of Avera Chemicals & Convergent Infotech with effect from 31 March 2008.
This was approved at the board meeting held on 19 September 2008.
The committee of Kotak Mahindra Bank has allotted 51,472 equity shares of Rs 10 each, pursuant to exercise of employee stock option plan.
These shares were allotted at the committee meeting held on 19 September 2008.
The board meeting of Axon Infotech will be held on 20 September 2008 to consider induction of 3 new directors on the board and also consider the resignations of some of the existing directors. To consider the proposition of merging the 51% owned subsidiary Quasar Innovations with the company.
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The board meeting of Tudor India will be held on 23 September 2008 to consider the proposal of voluntary delisting of the equity shares of the company and to fix a date for convening an extra-ordinary general meeting of the company.
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The board of Aurionpro Solutions has allotted 1,50,000 equity shares against convertible warrants issued on 22 March 2007 to Paresh Zaveri (NRI promoters) - 1,00,000 shares, Matterhorn Ventures (FII) - 50,000 shares on preferential basis.
In view of the above, the issued and paid up capital of the company increased to Rs 14,79,94,170 consisting 1,47,99,417 equity shares of Rs 10 each.
These shares were allotted at the board meeting held on 19 September 2008.
The board of Sarang Chemicals has decided to appoint Anindo A Banerji as director of the company.
The board has accepted the resignation of Bharat V Dave as director of the company.
This was decided at the board meeting held on 19 September 2008.
The board of Shri Lakshmi Cotsyn has decided to raise equity by way of PE / FCCB / GDR.
Further, the board has decided to convene extraordinary general meeting on 31 October 2008.
This was decided at th board meeting held on 19 September 2008.
The committee of Glodyne Technoserve has approved allotment of 87,742 equity shares of the face value of Rs 10 each to the employees under ESOS.
This was approved at the committee meeting held on 18 September 2008.
The committee meeting of Helios & Matheson Information Technology will be held on 30 September 2008 to consider allotment of convertible warrants on preferential basis to the promoters and others.
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Kamanwala Housing Construction has allotted 6,80,000 equity shares of Rs 10 each to the erstwhile shareholders of Donngarsee Diamonds Tools. This allotment is in pursuance to the order of the Honourable Bombay High Court in connection with amalgamation of the Doongarsee Diamonds Tools with the company.
The company made this announcement during the trading hours today, 19 September 2008.
The committee of Core Projects & Technologies have approved the allotment of 8,62,116 equity shares of Rs 2 each on conversion of FCCBs.
These shares were allotted at the committee meeting held on 19 September 2008.
Mukta Arts has acquired 51% controlling stake in Coruscant Tec, a Chennai based VAS company. Coruscant Tec, founded in 2003 by Ajay Adiseshann and Probir Roy, was one the first companies to venture into the lucrative mobile value added services space and provide content and applications related to the fast growing MVAS space.
These cover ringtones, wallpapers, video on demand, applications, m-comics, mobizines, mobiepisodes and java games. Coruscant is a Red Herring award winner in 2006 and has done innovative work in MVAS such as MF Hussain wallpapers, Uncle Pai comics, aggregation of java games, repurposing magazine content for the mobile, etc.
Coruscant Tec already has several tie ups in place for content aggregation as well as for distribution of content through major Telcos. The company is undercapitalized and was seeking investors who could create and aggregate content which is the key to this business. For Mukta Arts which has access to short content created by Whilstling Woods students and Audio and Film content, Coruscant was a good platform. Mukta has the option of acquiring the balance 49%, also.
The company made this announcement during the trading hours today, 19 September 2008.
The committee of Wipro has resolved to issue and allot 118918 equity shares of Rs 2 each pursuant to exercise of the stock options by the eligible employees under the company's employee ESOPs 2000 plan and restricted stock unit plan 2004.
This was decided by the committee of directors on 18 September 2008.
Garware Offshore Services has secured a firm contract for upto 3 years in South Africa for its new Anchor Handling Tug-cum-Supply Vessel (AHTSV) viz. M V Meghna scheduled for delivery in the last quarter of the year. The annual revenue from this contract is expected to be in the region of Rs 22.00 crore.
The company made this announcement during the trading hours today, 19 September 2008.
Dredging Corporation of India has acceptance of resignation of G V Ratnam, director (operations and technical) with effect from 17 September 2008.
The company made this announcement during the trading hours today, 19 September 2008.
Hyderabad based NATCO Pharma has launched its first nano - technology drug - Albupax. Albupax is the first generic version of the international brand - Abraxane - (2007 sales approximately US$ 375 million) of Abraxis Bio-sciences, USA.
Albupax, which is the brand name of NATCO consists of Paclitaxel in an Albumin bound nano-particle form. Albupax is used in the treatment of breast cancer. The incidence of breast cancer is on the rise in India, and currently over a lakh new patients are added every year. By 2015, the number of new cases are likely to go upto 2 lakh every year.
Albupax replaces the conventional Paclitaxel and has the advantage of having least side effects. In the conventional Paclitaxel, the solvent polyethylated castor oil is used, which causes severe side effects such as neutropenia, hyper - sensitivity reactions and neuropathy. Albupax does not contain this solvent, and hence can be given in optimum doses for enhanced efficacy. Albupax has been indigenously developed by NATCO in India and is the first albumin bound Paclitaxel in nano-particle to be developed in India.
Each 100 mg vial of Albupax has been affordably priced at Rs 11,500. The estimated Indian market for this product is in the region of Rs 150 crore and NATCO expects Albupax to garner a reasonable share of this market. NATCO believes that Albupax has the potential of becoming the single largest brand amongst its basket of oncology products. NATCO is also exploring the possibility of a tie-up for taking this brand to international markets.
The company made this announcement during the trading hours today, 19 September 2008.
The board meeting of Apollo Sindhoori Capital Investments which is scheduled to be held 24 September 2008 is being rescheduled and preponed to 23 September 2008 due to some urgent engagements of the directors.
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The meeting of equity shareholders of Zodiac-JRD-MKJ will be held on 27 September 2008 for the purpose of considering the proposed scheme of amalgamation of MKJ Jewellery with Zodiac-JRD-MKJ.
The company made this announcement during the trading hours today, 18 september 2008.
Sundram Fasteners has appointed Arundathi Krishna as additional director (non-independent director) with effect from 18 September 2008. Arundathi Krishna has also been appointed as whole-time-director of the company for a period of 5 years from 18 September 2008 to 17 September 2013.
The company made this announcement during the trading hours today, 18 September 2008.
Godawari Power & Ispat has announced that Godawari Power, a subsidiary of the company has signed a MoU with the Government of Chhattisgarh on 17 September 2008 for setting-up of 1000 MW thermal power project.
The company made this announcement during the trading hours today, 18 September 2008.
Dr Reddys Laboratories has announced its US specialty business with the launch of Promius Pharma, a wholly-owned subsidiary of Dr Reddy Laboratories located in Bridgewater, NJ.
Promius Pharma, which will initially focus art the branded dermatology market, is based on a platform of strategic licensing initiatives and internal product development activities undertaken over the last several years. Promius Pharmas product portfolio currently comprises of three in-licensed and co-developed dermatological products that are scheduled to launch within calendar years 2008-09, and a pipeline of topical products being developed at the integrated product development facility in Hyderabad, India. Promius Pharmas current portfolio contains innovative topical products for the treatment of psoriasis, atopic dermatitis and seborrheic dermatitis.
The company made this announcement during the trading hours today, 18 September 2008.
The board of Rubra Medicaments has accepted the resignation of Manikchand Gupta, director with effect from 18 September 2008.
Further, the board has appointed Sushant Mohanlal as director of the company to fill the casual vacancy caused by the resignation of Manikchand Gupta with immediate effect.
This was decided at the board meeting held on 18 September 2008.
The board meeting of Chambal Fertilisers & Chemicals will be held on 18 October 2008 to approve the unaudited financial results for the period ended 30 September 2008 (Q2).
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The board meeting of Indusvista Ventures will be held on 22 September 2008 to deliberate on take-over bid on the company as per public announcement in newspapers of 18 September 2008.
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Patni Computer Systems Inc, a leading global IT services provider has announced plans to exhibit and announce two new products and services at the Oracle OpenWorld conference on 21-25 September at the Moscone Center, 747 Howard St., in San Francisco.
Patni will introduce new offerings focused at the telecommunications industry and at stock, commodity and mercantile exchange operators. Both offerings will be based on Oracle technology.
Telecommunications: The Patni ATOMS pre-packaged business platform gives telecommunications providers the ability to accelerate the provisioning of new phone, cable, internet and wireless services quickly, efficiently and economically.
Financial Exchanges: The Patni Financial Exchange Management Framework - a business process framework streamlines the operations of stock, commodity and mercantile exchanges. It helps them equip their systems, integrate their processes and meet regulatory requirements concerning general ledger tallies, procurement and reporting.
Oracle OpenWorld is the worlds largest gathering of Oracle customers, partners, developers, and technology enthusiasts. Patni executives will be available to discuss the telecommunications and financial exchange solutions as well as other Patni initiatives, including a hosted solution under development that will manage procurement processes in the hospitality business and other industries. Patni will be demonstrating the new offerings from Booth #2036 at Oracle OpenWorld at the Moscone Center in San Francisco.
The company made this announcement during the trading hours today, 18 September 2008.
The board meeting of Steelco Gujarat will be held on 29 September 2008 to approve allotment of 12.5% cumulative redeemable preference shares to Spice Investments, promoter of the company with the right to exercise option to convert it into equity shares at a later date.
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