Jet Airways enters into codeshare arrangement with JetLite

Jet Airways enters into codeshare arrangement with JetLite

Jet Airways, India's premier international airline has entered into a codeshare arrangement with JetLite, its wholly-owned, all economy subsidiary as part of its ongoing efforts to offer passengers synergetic benefits when they choose to fly with the Jet group.

As part of the agreement, Jet Airways will place its marketing code (9W) on key domestic routes operated by JetLite, enabling both carriers to offer passengers better connections and a wider network. The codeshare is open for sale and travel with immediate effect.

The company made this announcement on 23 October 2008.

BSE tips

Electrotherm India appoints directors

Electrotherm India appoints directors

The board of Electrotherm India has appointed Siddharth Bhandari as additional director & whole time director of the company and Jyoti Bhandari as director of the company.

This was decided at the board meeting held on 24 October 2008.

Indian Stock Market

Ador Welding appoints additional director

Ador Welding appoints additional director

Ador Welding has promoted Raman Kumar, the president & CEO to the position of managing director with effect from 19 October 2008, subject to the approval of the shareholders.

The company has announced that V G Kutty, the managing director of the company has retired on 18 October 2008.

The company has appointed R N Sapru as additional director (independent) with effect from 19 October 2008.

The company made this announcement after the trading hours on Thursday, 23 October 2008.

Indian Stock Market

Visagar Polytex to announce financial results

Visagar Polytex to announce financial results

The board meeting of Visagar Polytex will be held on 31 October 2008 to consider the un-audited financial results of the company for the quarter ended on 30 September 2008.

BSE tips

Vikas Profin to announce financial results

Vikas Profin to announce financial results

The board meeting of Vikas Profin will be held on 27 October 2008 to approve the unaudited financial results (provisional) for the quarter and half year ending on 30 September 2008.

BSE tips

Ramco Industries declares interim dividend

Ramco Industries declares interim dividend

The board of Ramco Industries has declared interim dividend at the rate of Rs 5 per share (50%) for the current financial year 2008-09.

This was declared at the board meeting held on 23 October 2008.

BSE tips

Asahi India Glass' director resigns

Asahi India Glass' director resigns

The board of Asahi India Glass has accepted the resignation of P L Safaya as director and whole-time director of the company effective from 17 November 2008.

This was decided at the board meeting held on 23 October 2008.

BSE tips

TVS Electronics appoints chairman

TVS Electronics appoints chairman

The board of TVS Electronics has appointed Gopal Srinivasan, director of the company as chairman of the company not liable for retirement by rotation, effective from 23 October 2008.

This was decided at the board meeting held on 23 October 2008.

Indian Stock Market

Aarti Industries declares interim dividend

Aarti Industries declares interim dividend

The board of Aarti Industries has declared interim dividend at the rate of Rs 1.80 per share (36%) for the financial year 2008-2009.

This was declared at the board meeting held on 23 October 2008.

Indian Stock Market

HCL Infosystems declares interim dividend

HCL Infosystems declares interim dividend

The board of HCL Infosystems has declared interim dividend at the rate of 100% for the year 2008-2009.

This was declared at the board meeting held on 23 October 2008.

Indian Stock Market

Dr Reddys Laboratories' board approves scheme of amalgamation

Dr Reddys Laboratories' board approves scheme of amalgamation

The board of Dr Reddys Laboratories has approved scheme of amalgamation by which Perlecan Pharma, a subsidiary of the company will be amalgamated with Dr Reddy's Laboratories with effect from 01 January 2006.

This was approved at the board meeting held on 23 October 2008.

BSE tips

Transgene Biotek to announce financial results

Transgene Biotek to announce financial results

The board meeting of Transgene Biotek will be held on 31 October 2008 to take on the record unaudited financial results for the quarter ended 30 September 2008.

BSE tips

Moser Baer India grants options

Moser Baer India grants options

The committee of Moser Baer India has granted 1,18,000 new options to employees of step down subsidiary of the company in terms of its ESOP scheme.

The company made this announcement after the trading hours on Wednesday, 22 October 2008.

BSE tips

HCL Technologies wins 2008 optimas award for innovation

HCL Technologies wins 2008 optimas award for innovation

HCL Technologies, a leading global IT services provider has received an optimas award for innovation from workforce management. HCL received the award for the implementation of its innovative management philosophy of employee first, customer second. The magazine recognizes HCL as unique in its community, for implementing sweeping changes in policy across the company to empower employees. Employee first aims to create a culture that empowers employees to be at the forefront of creating value for HCL's customers built on the premise that it is the individual in an organization who deliver value to the customer, not the top management.

For 18 years, the optimas awards have recognized workforce management initiatives that directly improve business results. They are awarded annually to ten organizations that have demonstrated how their management strategies, policies and programs affect the bottom-line success of their organizations. Companies selected for this year's award are acknowledged for reinventing the workplace through efforts such as streamlining HR processes, creating innovative partnerships and confronting talent shortages.

The company made this announcement after the trading hours on Wednesday, 22 October 2008.

Indian Stock Market

Steel Exchange India to announce financial results

Steel Exchange India to announce financial results

The board meeting of Steel Exchange India will be held on 31 October 2008 to take record on the unaudited financial results of the company for the second quarter ended 30 September 2008.

Indian Stock Market

Setco Automotive appoints additional director

Setco Automotive appoints additional director

The board of Setco Automotive has appointed Shvetal Vakil, the present chief operating officer as additional director in the capacity of executive director with effect from 01 November 2008.

This was decided at the board meeting held on 22 October 2008.

BSE tips

Amar Remedies to announce financial results

Amar Remedies to announce financial results

The board meeting of Amar Remedies will be held on 30 October 2008 to approve the unaudited financial results for the quarter ended on 30 September 2008.

Indian Stock Market

DLF to announce Q2 results

DLF to announce Q2 results

The board meeting of DLF will be held on 31 October 2008 to approve the un-audited financial results for the quarter ended 30 September 2008 (Q2).

Indian Stock Market

Tata Communications presents its innovative on-demand hosted contact center solution

Tata Communications presents its innovative on-demand hosted contact center solution

Tata Communications provides a variety of secure and customizable high-availability Hosted Services. Tata Communications' solution will be on display for visitors at VO.IP Germany 2008 on 28 and 29th October, 2008 at booth B17 in the IHK Frankfurt building.

Enterprises engaged in business on the Indian subcontinent as well as on a global scale can benefit from a comprehensive range of customer interaction management services provided by Tata Communications in cooperation with the US based specialist for contact center technology, CosmoCom.

The company made this announcement during the trading hours today, 22 October 2008.

Indian Stock Market

Vakrangee Softwares enters into agreement with Financial Information Network

Vakrangee Softwares enters into agreement with Financial Information Network

Vakrangee Softwares has entered into an agreement with Financial Information Network and Operations, the Mumbai based Smart Card Solution Provider, to combine their complementary skills and expertise for execution of the Rashtriya Swathya Bima Yojana (RSBY) scheme announced by Government of India for the provision of Health Insurance cover to families below poverty line.

The work involves providing software, hardware, networking & deployment of resources for delivery of Smart Card based Health Insurance cover to the families below poverty line in India. The work has commenced for the state of Uttar Pradesh and the Combine is fully geared up to convert similar opportunities in other participating states & Union Territory in India. The expected market size of the Rashtriya Swathya Bima Yojana is more than 1000 Crores and needs to be completed by year 2012.

The company made this announcement after the trading hours on Tuesday, 21 October 2008.

Indian Stock Market

Resurgere Mines & Minerals India appoints directors

Resurgere Mines & Minerals India appoints directors

Resurgere Mines & Minerals India has appointed Pradeep Bishnoi as whole time director, Aditya Ranjan Singh and Suresh Kumar Singh as non executive and independent directors.

The company made this announcement after the trading hours on Tuesday, 21 October 2008.

Indian Stock Market

Accel Frontline to consider interim dividend

Accel Frontline to consider interim dividend

The board meeting of Accel Frontline will be held on 29 October 2008 to consider declaration of interim dividend for the financial year 2008-2009 and unaudited financial results (provisional) for the quarter ended 30 September 2008.

Indian Stock Market

Jet Airways wins pestigious TTG Travel Award 2008 for 'Best Domestic Airline'

Jet Airways wins pestigious TTG Travel Award 2008 for 'Best Domestic Airline'

Jet Airways, India's premier international airline was honoured with the much coveted 'Best Domestic Airline Award' for the year 2008, at the 19th TTG Travel Awards 2008. The award was accepted by Gaurang Shetty, Senior Vice President, Alliance & Interline Distribution at a Presentation Ceremony and Gala Dinner in Bangkok, which was attended by established players in the travel trade, across Asia Pacific.

TTG Travel Award winners are selected, based on votes cast by readers of the TTG magazine across the Asia Pacific region. The TTG Awards recognize and salute luminaries and stalwarts in the travel trade industry for their stellar performance and for being established the 'Best' in their respective categories.

Jet Airways becomes the recipient of the TTG Travel Award for the sixth year, having previously won the same in the years 2002, 2004, 2005, 2006, and 2007. Last year, TTG recognized and accorded Chairman Naresh Goyal the 'Travel Entrepreneur of the Year' at the 18th TTG Awards for his invaluable contribution to the trade in general and Aviation in particular.

The company made this announcement during the trading hours today, 22 October 2008.

Indian Stock Market

Artson Engineering's director resigns

Artson Engineering's director resigns

Artson Engineering has accepted the resignation of Shailendra Krishan as director of the company with effect from 01 November 2008.

Indian Stock Market

Sybly Industries to hold EGM

Sybly Industries to hold EGM

The extraordinary general meeting of Sybly Industries will be held on 05 November 2008 to sub-divide the equity shares of the company of nominal value of Rs 10 each into 10 equity shares of Rs 1 each.

Indian Stock Market

Transoceanic Properties' board approves bonus issue

Transoceanic Properties' board approves bonus issue

The board of Transoceanic Properties has decided to issue bonus shares in the ratio of 20:1 (20 new (bonus) equity shares for one equity existing equity share).

This was approved at the board meeting held on 20 October 2008.

Indian Stock Market

Shalimar Paints' shareholders approves scheme of arrangement

Shalimar Paints' shareholders approves scheme of arrangement

The shareholders of Shalimar Paints has approved the scheme of arrangement between Shalimar Paints and Shalimar Adhunik Nirman and its respective shareholders, without modification, subject to approval of the Hon'ble High Court at Calcutta and Delhi.

This was approved at the court convened meeting held on 21 September 2008.

Indian Stock Market

Sun TV Network to consider buy-back of shares

Sun TV Network to consider buy-back of shares

The board meeting of Sun TV Network will be held on 30 October 2008 to approve the unaudited financial results for the quarter ended 30 September 2008 (Q2) and to approve the proposal for buy-back of equity shares of the company.

Indian Stock Market

Geometric allots equity shares

Geometric allots equity shares

The board of Geometric has allotted 660 equity shares on the exercise of vested stock options under ESOP 2003.

These shares were allotted at the board meeting held on 20 October 2008.

Indian Stock Market

Virinchi Technologies to announce financial results

Virinchi Technologies to announce financial results

The board meeting of Virinchi Technologies will be held on 31 October 2008 to consider the unaudited financial results of the company for the quarter ended 30 September 2008 and to consider the unaudited consolidated financial results of the company for the quarter ended on 30 September 2008.

BSE tips

KCP declares second interim dividend

KCP declares second interim dividend

The board of KCP has declared second interim dividend at the rate of 25% for the year 2008-2009.

This was declared at the board meeting held on 20 October 2008.

NSE tips

Radha Madhav Corporation converts preference shares into equity shares

Radha Madhav Corporation converts preference shares into equity shares

The board of Radha Madhav Corporation has converted 5548400 10% cumulative convertible preference shares into equity shares to non promoters on preferential basis.

This was decided at the board meeting held on 20 October 2008.

BSE tips

Kesoram Industries to consider interim dividend

Kesoram Industries to consider interim dividend

The board meeting of Kesoram Industries will be held on 31 October 2008 to approve the unaudited financial results of the company for the three months (second quarter) ended 30 September 2008 and to consider declaration of interim dividend for the financial year ending on 31 March 2009.

Indian Stock Market

ICICI Bank allots equity shares

ICICI Bank allots equity shares

ICICI Bank has allotted 1,150 equity shares of face value of Rs 10 each under ESOS 2000.

These shares were allotted at the board meeting held on 13 October 2008.

Indian Stock Market

Tata Motors to announce Q2 results

Tata Motors to announce Q2 results

The board meeting of Tata Motors will be held on 31 October 2008 to consider the audited results for the half year and second quarter ended 30 September 2008 (Q2) of the accounting year 2008-2009.

Indian Stock Market

Parsvnath Developers to announce Q2 results

Parsvnath Developers to announce Q2 results

The board meeting of Parsvnath Developers will be held on 31 October 2008 to consider and take record on the unaudited financial results of the company for the quarter and half year ended 30 September 2008 (Q2).

Indian Stocks Market

BGR Energy Systems to announce Q2 results

BGR Energy Systems to announce Q2 results

The board meeting of BGR Energy Systems will be held on 30 October 2008 to consider and approve the unaudited financial results for the quarter ended 30 September 2008 (Q2) and for the half-year ended 30 September 2008.

Indian Stock Market

Vadilal Industries to announce financial results

Vadilal Industries to announce financial results

The board meeting of Vadilal Industries will be held on 25 October 2008 to approve the unaudited financial results of the company including segment wise results and revenue for the quarter ended on 30 September 2008.

To consider and approve the forfeiture of total 400 equity shares of Rs 10 each of the company in respect of which the share allotment money has been unpaid and for which due notices has been given to the respective shareholders.

Indian Stock Market

EIH to announce Q2 results

EIH to announce Q2 results

The board meeting of EIH will be held on 30 October 2008 to approve the unaudited financial results of the company for the three months ended on 30 September 2008 (Q2).

NSE tips

Kingfisher Airlines appoints additional directors

Kingfisher Airlines appoints additional directors

The board of Kingfisher Airlines has accepted the resignation of Jayanth K Poovaiah, N S Narahari, S N Ladhani, P N Thirunarayana, Bala Deshpande and Hitesh Patel as directors of the company.

The board has appointed Piyush Mankad, Diwan Arun Nanda, Naresh Trehan and G N Bajpai as additional directors.

The board has approved the resignation of G R Gopinath as managing director of the company and continuation as non-executive director and vice chairman of the company.

The board has approved the resignation of K J Samuel as executive director of the company and continuation as non-executive director of the company.

The board has appointed Vijay Mallya as managing director of the company and designated as chairman and CEO.

The board has appointed A Raghunathan as chief financial officer of the company in place of Ramki Sundaram.

This was decided at the board meeting held on 15 October 2008.

BSE tips

Bank of Maharashtra appoints director

Bank of Maharashtra appoints director

Bank of Maharashtra has announced that the Government of India, Ministry of Finance, department of economic affairs after consultation with the Reserve Bank of India vide their notification dated 15 October 2008 has appointed M G Sanghvi as executive director of the bank.

The company made this announcement after the trading hours on Wednesday, 15 October 2008.

BSE tips

GVK Power & Infrastructure to announce Q2 results

GVK Power & Infrastructure to announce Q2 results

The board meeting of GVK Power & Infrastructure will be held on 31 October 2008 to take record on the un-audited financial results of the company for the quarter and half year ended 30 September 2008 (Q2).

Indian Stock Market

ANS Agro Industries changes its name

ANS Agro Industries changes its name

ANS Agro Industries has announced that the name of the company has been changed from ANS Agro Industries to ANS.

The company made this announcement after the trading hours on Wednesday, 15 October 2008.

Indian Stock Market

Ambuja Cements to announce Q3 results

Ambuja Cements to announce Q3 results

The board meeting of Ambuja Cements will be held on 24 October 2008 to consider the quarterly unaudited financial results for the 3rd quarter ended 30 September 2008 (Q3) of the corporate financial year 2008.

BSE tips

Great Eastern Shipping Company to announce Q2 results

Great Eastern Shipping Company to announce Q2 results

The board meeting of Great Eastern Shipping Company will be held on 24 October 2008 to consider the unaudited financial results (provisional) for the quarter ended 30 September 2008 (Q2) and declaration of interim dividend on the equity shares of the company.

BSE tips

Sun Pharmaceutical Industries to announce Q2 results

Sun Pharmaceutical Industries to announce Q2 results

The board meeting of Sun Pharmaceutical Industries will be held on 25 October 2008 to take record on the un-audited financial results of the company for the half year / second quarter ended 30 September 2008 (Q2).

Indian Stock Market

Ashirwad Capital to appoint additional directors

Ashirwad Capital to appoint additional directors

Ashirwad Capital has appointed Piyush Shah as additional director on the board in independent category with effect from 27 September 2008.

The company made this announcement during the trading hours today, 15 October 2008.

Indian Stock Market

Chettinad Cement Corporation to consider right issue

Chettinad Cement Corporation to consider right issue

The board meeting of Chettinad Cement Corporation will be held on 16 October 2008 to consider the proposal regarding issue of equity shares on rights basis.

Indian Stock Market

Future Capital Holdings to announce Q2 results

Future Capital Holdings to announce Q2 results

The board meeting of Future Capital Holdings will be held on 24 October 2008 to consider the un-audited financial results of the company for the quarter and half year ended 30 September 2008 (Q2).

Indian Stock Market

Bharti Airtel partners with Infosys to deliver next-gen interactivity on its DTH service

Bharti Airtel partners with Infosys to deliver next-gen interactivity on its DTH service

Bharti Airtel, India leading integrated telecom services provider has entered into an innovation and technology partnership with Infosys Technologies to deliver superior customer experience to the customers of Airtel digital TV, its Direct (DTH) TV service. As part of its Digital Convergence Platform, Infosys will provide a suite of products including devices, application servers and interactive applications that will focus on providing an enhanced digital lifestyle to Airtel digital IV customers.

Airtels revolutionary digital TV technology in combination with Infosys' digital convergence platform will bring digital lifestyle applications offering interactivity and personalization into the living room. This will include interactive and non-intrusive applications like widgets that can be invoked by the user to view relevant and customized information. For the first time in the country, TV-viewers will now be able to access local city information through interactive applications such as iCity, enjoy hassle-free Internet- like experience on their televisions with iNet, and get live and personalized stock quotes, breaking news, horoscopes, cricket scores and shopping deals in the city without. interrupting their TV-viewing experience. With this path breaking offering, Airtel digital TV customers will also have select websites packaged suitably for TV-viewing, in an application called tPortal. In addition, a host of other innovative applications are slated for release over a period of time.

The company made this announcement during the trading hours today, 15 October 2008.

Indian Stock Market

IVRCL Infrastructures to announce Q2 results

IVRCL Infrastructures to announce Q2 results

The board meeting of IVRCL Infrastructures & Projects will be held on 31 October 2008 for consideration of unaudited financial results for the quarter ended 30 September 2008 (Q2).

Indian Stock Market

Blue Dart wins NDTV profit business leadership award 2008

Blue Dart wins NDTV profit business leadership award 2008

Blue Dart Express, South Asia's No.1 express air and integrated transportation, distribution and logistics company has been conferred the 'NDTV Profit Business Leadership Award 2008' in the Logistics sector at a glittering function at Delhi in the presence of chief guest Hon'ble Union Finance Minister - P Chidambaram on 06 October 2008. The award was received by Anil Khanna, managing director - Blue Dart.

The NDTV Profit Business Leadership Awards' selection procedure involves a meticulous process, wherein the NDTV Profit content team along with Grant Thornton, the business process advisor for the awards, develops a nomination universe of 21 verticals. These verticals represent high growth industries that form a significant part of India's GDP.

The company made this announcement during the trading hours today, 15 October 2008.

Indian Stock Market

Allahabad Bank enters into MOU with Kotak Mahindra Old Mutual Life Insurance

Allahabad Bank enters into MOU with Kotak Mahindra Old Mutual Life Insurance

Allahabad Bank has entered into an MOU with Kotak Mahindra Old Mutual Life Insurance for providing group insurance coverage to the educational loan borrowers of the bank.

The company made this announcement during the trading hours today, 14 October 2008.

Indian Stock Market

Hon'ble High Court approves scheme of amalgamation of Caplin Point

Hon'ble High Court approves scheme of amalgamation of Caplin Point

Caplin Point Laboratories has announced that the Hon'ble High Court of Judicature, Madras has approved the scheme of amalgamation of Malind Laboratories with the company vide its order dated 25 September 2008.

The company made this announcement during the trading hours today, 14 October 2008.

Indian Stock Market

Gruh Finance allots equity shares

Gruh Finance allots equity shares

The committee of Gruh Finance has allotted 4,261 equity shares of Rs 10 each under ESOS - 2005.

The allotment of 4,261 equity shares of Rs 10 each at a grant price of Rs 67 per share, have been made pursuant to the exercise of the stock options by the some of eligible employees and directors of the company under ESOS-2005.

These shares were allotted by the committee of directors on 14 October 2008.

Indian Stock Market

Housing Development Finance Corporation allots equity share

Housing Development Finance Corporation allots equity share

Housing Development Finance Corporation has allotted 2,03,108 equity shares of Rs 10 each pursuant to conversion of FCCBs by bondholders.

Post the above allotment, the paid-up equity share capital of the corporation would stand at Rs 284,44,00,360 consisting of 28,44,40,036 equity shares of Rs 10 each.

These shares were allotted by the corporation on 14 October 2008.

Indian Stock Market

Oriental Bank of Commerce to announce Q2 results

Oriental Bank of Commerce to announce Q2 results

The board meeting of Oriental Bank of Commerce will be held on 22 October 2008 to take record on the reviewed financial results of the bank for the quarter / half year ended 30 September 2008 (Q2).

Indian Stock Market

Ramco Industries to consider financial results

Ramco Industries to consider financial results

The board meeting of Ramco Industries will be held on 23 October 2008 to take record on the un-audited financial results of the company for the quarter / half year ended 30 September 2008 and to consider the proposal to pay interim dividend for the current financial year 2008-09.

Indian Stock Market

Reliance Natural Resources to announce Q2 results

Reliance Natural Resources to announce Q2 results

The board meeting of Reliance Natural Resources will be held on 21 October 2008 to approve the unaudited financial results of the company for the quarter ended 30 September 2008 (Q2).

Indian Stock Market

Gallantt Metal to convene EGM

Gallantt Metal to convene EGM

The extraordinary general meeting of Gallantt Metal will be held on 12 November 2008.

BSE tips

Take Solutions to announce financial results

Take Solutions to announce financial results

The board meeting of Take Solutions will be held on 24 October 2008 to approve the unaudited financial results for the quarter ended 30 September 2008.

BSE tips

Jet Airways and Kingfisher Airlines forms alliance

Jet Airways and Kingfisher Airlines forms alliance

Jet Airways and Kingfisher Airlines are pleased to announce an agreement to the formation of an alliance of wide-ranging proportions that will help both carriers to significantly rationalize and reduce costs and provide improved standards of service and a wider choice of air travel options to consumers with immediate effect. The two airlines will be able to rationalize their operations and derive the maximum synergies and thereby offer the best possible fares for the benefit of the consumers. However, there will not be any mutual equity investments between the two companies.

The downturn in the world economy has severely impacted the world aviation industry. The rapid increases in and the volatility in the crude oil prices and that of aviation turbine fuel and the slowdown in economic activity has resulted in a decline in air travel both on international and domestic segments of the air travel market.

Worldwide the airline industry has sought to tackle the difficult environment through alliances and joint provision of the best possible standards of service and connectivity to the travelling public by achieving cost and operational synergies and providing extensive connectivity and by offering economical fares. Civil aviation is the keystone of infrastructure development and a key priority of the Indian Government for the development of the economy. The proposed alliance between Jet Airways and Kingfisher is in the national interest by incorporating the international best practice to strengthen the Indian aviation industry.

The alliance will also enable a stabilization of the Indian aviation industry in the larger public interest for the benefit of the customer during the current downturn of the world economies.

The company made this announcement during the trading hours today, 14 October 2008.

BSE tips

Navin Fluorine International to announce financial results

Navin Fluorine International to announce financial results

The board meeting of Navin Fluorine International will be held on 21 October 2008 to consider the un-audited financial results of the company for the quarter ended 30 September 2008 and also to consider the declaration of interim dividend for the year 2008-2009.

Indian Stock Market

Hindustan Zinc to announce Q2 results

Hindustan Zinc to announce Q2 results

The board meeting of Hindustan Zinc will be held on 21 October 2008 for considering quarterly financial results after limited review for the quarter / six month ended 30 September 2008 (Q2).

Indian Stock Market

Tech Mahindra Board to consider interim dividend

Tech Mahindra Board to consider interim dividend

The board meeting of Tech Mahindra will be held on 21 October 2008 to consider the audited financial results of the company for the second quarter and half year ended 30 September 2008. Take on record audited consolidated financial results of the company and its subsidiaries for the second quarter and half year ended 30 September 2008. To consider declaration of interim dividend.

NSE tips

Avaya GlobalConnect to consider dividend

Avaya GlobalConnect to consider dividend

The board meeting of Avaya GlobalConnect will be held on 24 November 2008 to approve audited financial accounts for the financial year ended 30 September 2008 and recommend payment of dividend, if any.

indian stock market

Ajcon Global Services to announce financial results

Ajcon Global Services to announce financial results

The board meeting of Ajcon Global Services will be held on 23 October 2008 to approve the unaudited financial results of the company for the 2nd quarter ended 30 September 2008.

indian stock market

Gujarat State Petronet to announce Q2 results

Gujarat State Petronet to announce Q2 results

The board meeting of Gujarat State Petronet will be held on 24 October 2008 to consider the unaudited financial results of the company for the quarter ended 30 September 2008 (Q2).

indian stock market

Vijaya Bank appoints executive director

Vijaya Bank appoints executive director

Vijaya Bank has announced that S C Kalia has been nominated as executive director of the bank with immediate effect, vide letter dated 08 October 2008 received from Government of India, Ministry of Finance, Department of Financial Services.

The company made this announcement during the trading hours today, 13 October 2008.

indian stock market

Sanjivani Paranteral acquires new pharmaceutical manufacturing plant in Uttarakhand

Sanjivani Paranteral acquires new pharmaceutical manufacturing plant in Uttarakhand

Sanjivani Paranteral has announced that in order to strengthen the position of the company in solid dosages form in India and abroad, the company has acquired a new pharmaceutical manufacturing plant in Uttarakhand. The plant is WHO-GMP & MCA South Africa compliant and has capacity to produce 1000 million units of tablets and 10 million units of dry Syrups per annum. The company expects to add Rs 250 million per annum and Rs 50 million per annum to the top line and bottom-line respectively through this acquisition.

The company clocked an annual turnover of Rs 920 million for the year 2007-08 showing a growth of 32%. The acquisition of new plant and the growing export order book would see the annual turnover crossing the Rs 1250 million marks for the year 2008-09.

The company made this announcement during the trading hours today, 13 October 2008.

BSE tips

Aurobindo Pharma receives USFDA approval

Aurobindo Pharma receives USFDA approval

Aurobindo Pharma has received final approval from USFDA to manufacture and market Fluconazole tablets 0.25mg, 0.50mg, 1mg, 2mg, 3mg and 4mg.

Risperidone tablets is the generic version of Janssen's Risperdal tablets 0.25mg, 0.5mg, 1mg, 2mg, 3mg and 4mg and is indicated for the treatment of Schizoprenia. Risperdal tablets has sales of around US$ 1,074 million in the first half of 2008 as per the second quarterly report of Janssen Pharmaceuticals. This is Aurobindo's 81st ANDA approval from the USFDA.

The company made this announcement during the trading hours today, 13 October 2008.

BSE tips

Vedant Hotels to announce financial results

Vedant Hotels to announce financial results

The board meeting of Vedant Hotels will be held on 20 October 2008 to consider unaudited financial results for the quarter ended on 30 September 2008.

BSE tips

D&H Welding Electrodes allots equity shares & warrants

D&H Welding Electrodes allots equity shares & warrants

The board of D&H Welding Electrodes India has allotted 2,50,000 equity shares of Rs 10 each at a premium of Rs 12 per share each issued to promoters on preferential basis.

The board has allotted 5,00,000 convertible warrants of Rs 22 each carrying a right to subscribe to equal number of equity shares in the company.

This was decided at the board meeting held on 07 October 2008.

BSE tips

Cranes Software announces the release of NISA Version 16.0

Cranes Software announces the release of NISA Version 16.0

Cranes Software International, a provider of enterprise statistical analytics and engineering simulation software products and solutions has announced the release of NISA Version 16.0. This version comes with more than 50 new features and marks a significant improvement over the previous version. Some of these are:

A faster multi-core solver has been introduced for the structural, fluid, heat and electromagnetic modules.

There are major enhancements in non-linear static analysis capabilities with improvements in 3D contact element with friction and introduction of concrete element.

The CAD Interfaces module now supports STEP. UG and investor formats with considerable enhancements in healing.

The popular COM style plug-in development framework has been included in DIPSLAY IV.

Surface meshing is improved with the inclusion of advanced surface meshing capability.

The macro functionality in display has been enhanced to better support parametic modeling.

The company made this announcement during the trading hours today, 07 October 2008.

Indian Stock Market

Gulshan Sugars to hold board meeting

Gulshan Sugars to hold board meeting

The board meeting of Gulshan Sugars & Chemicals will be held on 10 October 2008 for fixing the record date to calculate the entitlement of shares in transferee company to be issued on merger of the company with Gulshan Polypols.

Indian Stock Market

Supreme Infrastructure to announce financial results

Supreme Infrastructure to announce financial results

The board meeting of Supreme Infrastructure India will be held on 18 October 2008 for consideration of un-audited financial results for the quarter and half year ended 30 September 2008.

Indian Stock Market

Dhanprayog Investments Company to convene EGM

Dhanprayog Investments Company to convene EGM

The extraordinary general meeting of Dhanprayog Investments Company will be held on 31 October 2008.

BSE tips

Western India Shipyard to issue equity shares

Western India Shipyard to issue equity shares

The board of Western India Shipyard has decided to issue 37,20,500 equity shares of the ompany of Rs 2 each on preferential basis to the administrator of the specified undertaking of the Unit Trust of India.

The company made this announcement during the trading hours today, 07 October 2008.

BSE tips

Karaikal Port of Marg to commence operation by Mar '08

Karaikal Port of Marg to commence operation by Mar '08

Karaikal Port developed by Karaikal Port Private (KPL) is set to commence operation by Mar 2009. KPL is a Special Purpose Vehicle set up to take up the development of the Karaikal Port project under and is a subsidiary of Marg Construction. The work on the Phase I of the project consisting of development of two berths one for coal and another for general cargo each with a total handling capacity of 4 million tons per annum. The cost of the Phase I is about Rs 416 crore and the environment clearance for the same was obtained in May 2006 and the financial closure was achieved in Nov 2006.

The revenue to start flow from the first quarter of FY 2009-2010.

BSE tips

Neyveli Lignite Corporation to announce Q2 results

Neyveli Lignite Corporation to announce Q2 results

The board meeting of Neyveli Lignite Corporation will be held on 22 October 2008 to approve the unaudited financial results for the quarter and half year ended 30 September 2008 (Q2).

BSE tips

Spanco Group enters into joint venture with Spice Group

Spanco Group enters into joint venture with Spice Group

Spanco Telesystems & Solutions has announced that through its wholly owned subsidiary, Spanco Group has entered into a joint venture with Spice Group. Spanco Group & Bharat BPO (a 50:50 joint venture between Spanco group & Spice group) & Omnia BPO shall merge its domestic BPO businesses. The joint venture inter-alia shall operate in the field of ITES / BPO and all other related services, etc and shall provide back office and contact centre services to clients encompassing customers across diverse segments including banking, financial services and insurance, telecom, travel and eGovemance sectors in India, etc. which are clearly identified as high growth segments, both worldwide and in India. The joint venture shall currently have around 7000 seats and has robust growth plans to take it to around 15000 seats in future. Each of these BPOs specializes in specific market and vertical segments and their coalition will lead to a synergistic value proposition for clients, enabling them to address diverse target segments through one organization.

Spanco BPO & Omnia BPO, both shall pull all its business processes, domain expertise, strengths and diverse and varied resources into joint venture, The joint venture integrates the key domestic BPO operations run by Spice Group and Spanco and the IT capability of Spanco, helping to leverage on win-win strengths in the respective verticals. The joint venture forms a strong company, aimed towards creating and delivering world class solutions and a platform to grow faster and further strengthen our client portfolio, and take advantage of our vast intellectual property. This joint venture is in synergy / line with the robust expansion / growth plans of the company and its existing business model / structure. This joint venture shall eithance Spanco's presence, reach & offering of services and shall mark Spanco's entry on a PAN India basis which shall give Spanco an opportunity to augment and capture significant market share. The joint venture shall also provide an added impetus to the combined client base arid resources. The joint venture shall also aim at Overseas and International presence.

The company made this announcement during the trading hours today, 07 October 2008.

Indian Stock Market

Vishal Retail opens two new showrooms

Vishal Retail opens two new showrooms

Vishal Retail has opened two new showrooms at plot no. 20, Industrial Area, Behind Anaj Mandi, Fatehabad Haryana, 253/1, Insar Bazar, Devi Mandir Road, Panipat - 132103, Haryana.

The company made this announcement during the trading hours today, 07 October 2008.

Indian Stock Market

Gateway Distriparks to announce financial results

Gateway Distriparks to announce financial results

The board meeting of Gateway Distriparks will be held on 23 October 2008 to approve the un-audited financial results for the quarter ended 30 September 2008 and to consider payment of interim dividend to the shareholders.

Indian Stock Market

KSB Pumps to announce financial results

KSB Pumps to announce financial results

The board meeting of KSB Pumps will be held on 24 October 2008 to consider and take on record the unaudited financial results (provisional) for the 3rd quarter ended 30 September 2008 and also consider interim dividend for the year ending 31 December 2008.

Indian Stock Market

Amalgamated Electricity Company to announce financial results

Amalgamated Electricity Company to announce financial results

The board meeting of Amalgamated Electricity Company will be held on 15 October 2008 to approve the unaudited financial results (estimated) for the quarter ended 30 September 2008.

BSE tips

Aditya Birla Nuvo to announce Q2 results

Aditya Birla Nuvo to announce Q2 results

The board meeting of Aditya Birla Nuvo will be held on 24 October 2008 to consider financial results for the quarter / half year ended 30 September 2008 (Q2).

BSE tips

Sadbhav Engineering receives project worth Rs 54.38 crore

Sadbhav Engineering receives project worth Rs 54.38 crore

Sadbhav Engineering has been awarded the project for construction of cement concrete pavement and allied works within Surat city limit for package-IV (a) Varachha Road (b) Bamroli Road and (c) Rander Road worth Rs 54.38 crore by Surat Muncipal Corporation, Surat.

The company made this announcement during the trading hours today, 06 October 2008.

Indian Stock Market

Canara Bank to announce Q2 results

Canara Bank to announce Q2 results

The board meeting of Canara Bank will be held on 20 October 2008 to approve the unaudited financial results for the quarter & half year ended 30 September 2008 (Q2).

Indian Stock Market

Sybly Industries' board approves stock split

Sybly Industries' board approves stock split

The board of Sybly Industries has decided to split the equity shares of the company from face value of Rs 10 per share to Rs 1 per share.The board has decided to convene extraordinary general meeting on 05 November 2008.

NSE tips

Cable Corporation to allot equity shares

Cable Corporation to allot equity shares

The board of Cable Corporation of India has approved the allotment of 10,00,000 shares to Brinan Investments and 10,00,000 equity shares to Rhiakoh Finance & Investments on preferential basis to the promoters.

This was approved at the board meeting held on 04 October 2008.

NSE tips

Rei Agro allots equity shares

Rei Agro allots equity shares

The board of Rei Agro has allotted 28903037 equity shares of Rs 10 each in place of 48171730 existing equity shares to the equity shareholders of the company, by cancelling a sum of Rs 4 from each paid-up equity share of Rs 10 each and thereafter consolidating 5 equity shares of Rs 6 each of the company into 3 equity shares of Rs 10 each fully paid-up.

These shares were allotted at the board meeting held on 04 October 2008.

BSE tips

PNB Gilts' director passes away

PNB Gilts' director passes away

PNB Gilts has announced the sad demise of R S Lodha, director of the company.

Further, the company has informed that K Raghuraman, director on the board has superannuated as executive director of Punjab National Bank on 30 September 2008. Consequently, he has tendered his resignation from the directorship of the company with effect from 30 September 2008.

BSE tips

Reliance Industries allots equity shares

Reliance Industries allots equity shares

Reliance Industries has allotted 12 crore equity shares of Rs 10 each to various promoter group companies, upon exercise of the rights attached to warrants issued to promoter group companies on 12 April 2007. These equity shares will be subject to lock in for a period of 3 years from the date of allotment of the warrants.

Consequent to the above allotment, the paid up equity capital of the company stands increased to Rs 1573.79 crore comprising of 157,37,87,556 equity shares of Rs 10 each fully paid up.

The company made this announcement after the trading hours on Friday, 03 October 2008.

Indian Stock Market

Reliance Industries wins golden peacock global award

Reliance Industries wins golden peacock global award

Reliance Industries has been adjudged winner of the prestigious golden peacock global award for excellence in corporate governance 2008. The award was presented to RIL at the 9th international conference on corporate governance held at London by Ola Ullsten, former Prime Minister of Sweden & chairman of the golden peacock global award jury.

The world council for corporate governance, UK, confers the award annually to companies who demonstrate benchmark standards and excellence in corporate governance. RIL received the award with an appreciation for its corporate governance practices, corporate social responsibility and sustainability reporting initiatives. RIL was adjudged the winner after stringent evaluation by the jury.

The company made this announcement after the trading hours on Friday, 03 October 2008.

NSE tips

AVT Natural Products commences 600 KW Wind Mill at Tamil Nadu

AVT Natural Products commences 600 KW Wind Mill at Tamil Nadu

AVT Natural Products has commissioned 600 KW Wind Mill at Elavanti near Coimbatore, Tamil Nadu. The expected generation of power therefrom is 14 lakh units per year. This is the first windmill installed by the company and it has commenced the supply of the power generated from the wind mill to the Tamil Nadu Electricity Board, Power Grid with effect from 27 September 2008.

The company made this announcement after the trading hours on Friday, 03 October 2008.

BSE tips

Sun Pharmaceutical extends tender offer for Taro

Sun Pharmaceutical extends tender offer for Taro

Sun Pharmaceutical Industries has announced its subsidiary, Alkaloida Chemical Company Exclusive Group has extended the expiration date of the tender offer for the purchase of all outstanding ordinary shares of Taro Pharmaceutical Industries. The offer will now expire at 5:00 p.m., New York City time, on Friday, 07 November 2008, unless further extended or earlier terminated.

The tender offer was extended to comply with a continuing order issued by the supreme court of Israel temporarily prohibiting the closing of the offer until the supreme court issues a decision on the appeal of the litigation commenced against Alkaloida and its affiliates by Taro and certain of its directors regarding the applicability of the special tender offer rules under the Israeli Companies Law to the offer. The Tel-Aviv District court had previously ruled in favor of Sun Pharma that a special tender offer was not required.

The company made this announcement after the trading hours on Friday, 03 October 2008.

BSE tips

KDDL incorporates Mahen Boutiques

KDDL incorporates Mahen Boutiques

KDDL has incorporated a wholly owned subsidiary company, Mahen Boutiques on 24 September 2008 which would be in the principle business of retail of luxury and lifestyle products.

The company made this announcement after the trading hours on Friday, 03 October 2008.

BSE tips

JPT Securities appoints directors

JPT Securities appoints directors

The board of JPT Securities has appointed Sanjivi Sunder, Nikhil Gandhi, N Ravichandran, J Alexander, J P Rai and B S Bhalera as directors.

The board has accepted the resignation of K Jain, J K Bareja and Sundhanshu Totla as directors.

This was decided at the board meeting held on 03 October 2008.

BSE tips

Tirumala Seung Han Textile to hold board meeting

Tirumala Seung Han Textile to hold board meeting

The board meeting of Tirumala Seung Han Textile will be held on 11 October 2008 to appoint scrutinizer for conducting postal ballot process for the above matters.

NSE tips

Dish TV India to issue equity shares

Dish TV India to issue equity shares

The board of Dish TV India has decided to issue 518181818 equity shares of face value of Re 1 of the company for cash at a price of Rs 22 per equity share including a premium of Rs 21 per equity share aggregating to Rs 113,999 lakhs to the equity shareholders of the company on rights basis in the ratio of 121 equity shares for every 100 equity shares held.

This was decided at the board meeting held on 03 October 2008.

Indian Stocks Market

Jubilant Organosys and Lilly to form drug development joint venture

Jubilant Organosys and Lilly to form drug development joint venture

Jubilant Organosys and Eli Lilly have entered into an agreement to form an equally-owned joint venture in India that will focus on providing drug development services exclusively to Jubilant- and Lilly-partnered molecules.

The joint venture is to be modeled after Lilly's early- stage development division. Chorus, which provides fast and capable drug development for Lilly exclusively through the utilization of external contract companies.

The joint venture, to be based out of Bangalore, is expected to begin operations in the fall of 2008. The joint venture will be managed by an independent team of drug development experts and will focus on preclinical molecules and their development through phase II clinical testing, before returning successful assets to the sponsors for further development.

The company made this announcement after the trading hours on Friday, 03 October 2008.

BSE TIPS

Consolidated Construction Consortium bags Chennai Airport project

Consolidated Construction Consortium bags Chennai Airport project

Consolidated Construction Consortium, the Chennai headquartered engineering construction company has bagged the Rs 1212 crore Chennai Airport Project from Airport Authority of India (AAI), in tie up with Herve Pomerleau International Inc., Canada.

The project has been awarded for development of Kamaraj Domestic Terminal phase II, expansion of existing Anna International Terminal and face lifting of existing terminals at Chennai Airport, Chennai.

The company has also bagged cargo complex project at Chennai Airport for Rs 68 crore and allied services work at Tiruvananthapuram for Rs 41 crore.

The company made this announcement after the trading hours on Friday, 03 October 2008.

BSE tips

ACC produces 1.67 million tonnes of cement during September 2008

ACC produces 1.67 million tonnes of cement during September 2008

ACC produced 1.67 million tonnes of cement and despatched 1.67 million tonnes of cement during September 2008 as compared to 1.55 million tonnes produced and 1.55 million tonnes despatched during September 2007.

The company made this announcement during the trading hours today, 03 October 2008.

nse tips

Tudor India to hold EGM

Tudor India to hold EGM

The extraordinary general meeting of Tudor India will be held on 27 October 2008.

Indian Stock Market

Steel Strips Wheels sells 5,55,583 wheel rims in September 2008

Steel Strips Wheels sells 5,55,583 wheel rims in September 2008

Steel Strips Wheels has achieved sales of 5,55,583 wheel rims during the month of September, 2008 as against 5,00,738 wheel rims during the month of September, 2007, recording a growth of 11%. The company has also achieved a production of 5,49,553 wheel rims during September, 2008 as against 5,00,738 during September 2007 recording a growth of 9.75%.

The company has achieved the export sales of 22,524 wheel rims during the month of September, 2008 as against 15,348 wheel rims during the month of September, 2007, recording a growth of 46.8%.

The company made this announcement during the trading hours today, 03 October 2008.

BSE tips

Mphasis to announce Q2 results

Mphasis to announce Q2 results

The board meeting of Mphasis will be held on 16 October 2008 to approve the audited financial results of the company and group for the quarter and half year ended 30 September 2008 (Q2).

BSE tips

Container Corporation of India to announce Q2 results

Container Corporation of India to announce Q2 results

The board meeting of Container Corporation of India will be held on 15 October 2008 to consider the un-audited financial results and segment wise revenue, results & capital employed for the quarter ended on 30 September 2008 (Q2).

BSE tips

Birla Power Solutions to consider dividend

Birla Power Solutions to consider dividend

The board meeting of Birla Power Solutions will be held on 14 October 2008 to approve the annual accounts of the company for the financial year ended 31 March 2008 and to recommend dividend, if any.

BSE tips

Khaitan Electricals appoints additional director

Khaitan Electricals appoints additional director

The board of Khaitan Electricals has approved the appointment of P R Agarwala as additional director (independent director).

This was approved at the board meeting held on 30 September 2008.

Indian Stock Market

Atlanta in joint venture with ARSS receives contract worth Rs 720.61 million

Atlanta in joint venture with ARSS receives contract worth Rs 720.61 million

Atlanta in joint venture with ARSS has received a contract of Rs 720.61 million from Southern Railway for gauge conversion works from Tirunelveli to Tenkasi in Quilon - Tenkasi - Tirunelveli - Tiruchendur - Tenkasi - Virudhunagar - proposed earthwork in forming bank, cutting, re-grading, construction of major and minor bridges, construction of platforms, station buildings, passenger amenities, platform shelters, improvements to level crossings, providing lifting barriers and other miscellaneous works between Tirunelveli and Tenkasi Junction Stations.

The company made this announcement during the trading hours today, 01 October 2008.

BSE tips

Country Club India allots warrants

Country Club India allots warrants

The board of Country Club India has allotted 7,00,000 convertible warrants to Y Rajeev Reddy, chairman & managing director of the company.

These warrants were allotted at the board meeting held on 01 October 2008.

NSE tips

Jatia Finance to change its name

Jatia Finance to change its name

The board meeting of Jatia Finance will be held on 10 October 2008 to consider change of name of the company.

Indian Stock Market

Titan Industries to announce Q2 results

Titan Industries to announce Q2 results

The board meeting of Titan Industries will be held on 20 October 2008 to consider the unaudited financial results (stand alone) for the second quarter and half-year ended 30 September 2008 (Q2).

BSE tips