-Wipro - Allotment of equity shares
-Union Bank of India ties up with 3i Infotech
-Mirae Asset MF launches new Liquid Fund
-Aban Offshore - Updates
-Listing of equity shares of Manjushree Extrusions Ltd
-Listing of equity shares of Gujarat Glass Ltd
-Lotus India MF files offer document
-Kotak MF revises minimum purchase amount
-Kotak MF declares dividend under quarterly interval plan
-Max New York sets up office in Kochi
-Subhash Projects - Award of Order for Rs 272.68 Crore
-Kohinoor Foods gives 30 days notice to bondholders
-NIIT Technologies signs share purchase agreement with shareholders of Softec GmbH
-Parsvnath Developers commences construction of group housing project
-Indiabulls Real Estate to issue equity shares / GDRs
-Sun Pharmaceutical Industries gets USFDA approval
-NTPC signs loan agreement with Nordic Investment Bank
-Ansal Properties & Infrastructure allots secured redeemable non convertible debentures
-3M India to expand manufacturing facilities at Ahmedabad
-Cummins Inc selects Infosys Technologies as one of three global preferred vendor
-Satyam Computer Services allots equity shares
Wipro - Allotment of equity shares
Wipro Ltd has informed that Administrative Committee of the Company's Board of Directors vide their resolution dated February 26, 2008 has resolved the following:
1. To issue and allot 6000 equity shares of Rs 2/- each pursuant to exercise of the stock options by the eligible employees under the Wipro Employee Stock Options Plan i.e., WESOP 2000 and Restricted Stock Unit Plan 2004.
2. Allotted 139675 equity shares of par value of Rs 2/- to JP Morgan Chase Bank, the Company's depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Company's ADS Restricted Stock Unit Plan- 2004.
Union Bank of India ties up with 3i Infotech
3i Infotech, a global provider of IT solutions and the fourth largest Indian Software Product company declared that Union Bank of India (UBI), one of India's largest state-run banks has inked an agreement to implement AMLOCK, the company's award winning Anti Money Laundering (AML) software at Union Bank of India. There is an increasing global awareness for matters relating to Anti Money Laundering and leading banks in particular, are addressing these requirements by implementing a suitable software solution. Union Bank of India too, is among these forward looking banks which have decided to implement the AMLOCK Anti Money Laundering Solution from 3i Infotech.
Mirae Asset MF launches new Liquid Fund
Mirae Asset Mutual Fund launched Mirae Asset Liquid Fund. The primary investment objective of the scheme is to seek to generate reasonable returns with low volatility and higher liquidity through a portfolio of debt and money market instruments. The scheme does not guarantee any returns. The scheme will have super institutional, institutional and regular plans. The scheme offers growth, bonus and dividend option under each plan. The scheme offers dividend with facility of dividend reinvestment on daily, weekly and monthly dividend. It also offers dividend transfer and monthly dividend payout option.
Aban Offshore - Updates
Aban Offshore Ltd has informed that a subsidiary of the Company has received a Letter of Award from PTTEP International Ltd for a 3 well contract offshore Myanmar, for the jack-up drilling rig Deep Driller 5, with an estimated duration of 4 months. This contract will be in direct continuation of the current contract with Cairn Energy Sangu Field Ltd. The estimated contract value is approximately USD 25 million.
Listing of equity shares of Manjushree Extrusions Ltd
Trading Members of the Exchange are hereby informed that effective from February 28, 2008, the equity shares of Manjushree Extrusions Ltd (Scrip Code: 532950) are listed and admitted to dealings on the Exchange in the list of 'B1' Group Securities. For further details please refer to the notice no 20080227-7 dated February 27, 2008.
Listing of equity shares of Gujarat Glass Ltd
Trading Members of the Exchange are hereby informed that effective from February 28, 2008, the equity shares of Gujarat Glass Ltd (Scrip Code: 532949) are listed and admitted to dealings on the Exchange in the list of 'B1' Group Securities. For further details please refer to the notice no 20080226-9 & notice no 20080226-24 dated February 26, 2008
Lotus India MF files offer document
Lotus India Mutual Fund files offer document to launch Fixed Maturity Plan- 3 Months - Series 17-18. This close-ended bond scheme has two options i.e. growth option and dividend reinvestment option. The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme. The minimum investment amount under retail plan is Rs.5000 and in multiples of Re.1 thereafter.
Kotak MF revises minimum purchase amount
Kotak mutual fund has announced the change in the minimum purchase amount under regular plan of Kotak Mahindra Bond Unit scheme 99. According to the announcement, the fund has raised its minimum purchase amount from Rs 5000 to Rs 5 lakh with effect from 3 March 2008. Kotak Mahindra Bond Unit scheme 99 is an open-ended debt scheme. The investment objective of the scheme is to create a portfolio of debt instruments of different maturities so as to spread the risk across a wide maturity horizon and different kinds of issuers in the debt market.
Kotak MF declares dividend under quarterly interval plan
Kotak Mutual Fund has announced 3 March 2008 as the record date for declaration of dividend under dividend option of Kotak Quarterly Interval Plan - Series 4. The fund house has decided to distribute 100% of surplus available as on record date. The NAV for the scheme was Rs. 10.1474 as on 25 February 2008. Kotak Quarterly Interval Plan - Series 4 is an interval debt fund. The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.
Max New York sets up office in Kochi
Kochi: Max New York Life Insurance has expanded its footprint in South India and beefed up its operations in Kerala by opening its first general office in Kochi Feb 27. With this, the company has set up a countrywide network of 233 offices across 155 cities in India. Max New York Life Insurance wants people to see insurance as a financial protection and wealth creation instrument and not just a tax-saving tool. Since the launch of our operations, its focus has always been on giving risk protection and long-term wealth creation solutions to our customers.
The company said in a statement that Kerala is an important market and that it will be opening six other offices over the next few days at Kottayam, Thrissur, Kannur, Kozhikode, Thiruvananthapuram and Kollam. The company has till date sold over 2.1 million policies and recorded a sum assured of over Rs 62,000 crore. It has positioned itself on the quality platform. The company has developed a strong corporate governance model based on defined core values of caring, knowledge, excellence and honesty.
Subhash Projects - Award of Order for Rs 272.68 Crore
Subhash Projects & Marketing Ltd has informed that the Company has recently been awarded the under-mentioned orders by Bangalore Electricity Supply Company Ltd as per details given below:
(a) Supply and erection of equipments / materials for execution of Swarna Jyothi Scheme (Rural Load Management System-II) with associated Extension and improvement of 11KV and LT Line Works in partial Turnkey Basis in Tiptur Division (Lot-9).
- Rs 123.72 Crore
(b) Maintenance Contract of Swarna Jyothy Scheme (Rural Load Management System-II), Tiptur Division, BESCOM (Lot-9).
- Rs 20.73 Crore
(c) Supply and erection of equipments / materials for execution of Swarna Jyothi Scheme (Rural Load Management System-II) with associate Extension and improvement of 11KV and LT Line Works in partial Turnkey Basis in Chitradurga Division (Lot-13)
- Rs 62.51 Crore
(d) Maintenance Contract of Swarna Jyothy Scheme (Rural Load Management System-II), Chitradurga Division, BESCOM (Lot-13).
- Rs 8.16 Crore
(e) Supply and erection of equipments / materials for execution of Swarna Jyothi Scheme (Rural Load Management System-II) with associated Extension and improvement of 11KV and LT Line Works in partial Turnkey Basis in Hiriyur Division, (Lot-14).
- Rs 48.47 Crore
(f) Maintenance Contract of Swarna Jyothy Scheme (Rural Load Management System-II), Hiriyur Division, BESCOM (Lot-14).
- Rs 9.09 Crore.
Kohinoor Foods gives 30 days notice to bondholders
Kohinoor Foods has issued US$ 20,000,000 1% unsecured convertible bonds due 2010 in the year 2005.The company has satisfied conditions 5.2.1 of the terms and conditions of the offering circular dated 12 September 2005 for mandatory conversion of 50% of the bond value held by each bondholder into shares of the company.
The company is giving 30 days notice to the bondholders on 26 February 2008 for mandatory conversion of 50% of the bond value held by each bond holder.
The company made this announcement after the trading hours on Wednesday, 27 February 2008.
NIIT Technologies signs share purchase agreement with shareholders of Softec GmbH
NIIT Technologies has signed a share purchase agreement with the shareholders of Softec GmbH, Germany for acquisition of 100% of share capital of Softec GmbH in Germany.
Softec GmbH is a Germany based company focusing on providing IT solutions and services worldwide in the airline revenue accounting and operations space. They have a major market share of about 40 small to medium airlines within Europe, Africa and Asia.
The company made this announcement during the trading hours today, 28 February 2008.
Parsvnath Developers commences construction of group housing project
Parsvnath Developers has announced the start of construction of 'Parsvnath Preston' a high-end group housing residential project, in Sonepat, Haryana. The expected realization from the project is over Rs 500 crore in next 3 years including this financial year. The project is spread over a saleable area of 2.2 million sq. ft.
Parsvnath Preston is a part of Parsvnath City, a township project from Parsvnath which will also have School, Health care facilities, shopping mall, club etc located near Tau Devilal Park at Main NH-1, G.T. Kamal Road, the project is just 17km far from Delhi border, making it well connected from the National Capital region.
The company made this annoucement during the trading hours today, 28 February 2008.
Indiabulls Real Estate to issue equity shares / GDRs
The board of Indiabulls Real Estate has decided to issue equity shares / GDRs.
The board has decided to purchase up to 100% of the ordinary shares of DPD by the issue of new IBREL shares.
This was decided at the board meeting held on 28 February 2008.
Sun Pharmaceutical Industries gets USFDA approval
Sun Pharmaceutical Industries has announced that USFDA has granted final approval for the company's Abbreviated New Drug Application (ANDA) to market its generic version of Hoffman la Roche's Demadex, torsemide tablets.
These generic torsemide tablets are therapeutic equivalents of hoffman La Roche's Demadex tablets and include four strengths: 5 mg, 10 mg, 20 mg and 100 mg. These strengths of torsemide tablets have annual sales of approximately US$ 35 million in the US.
Torsemide is a diuretic, indicated for the treatment of edema associated with congestive heart failure, renal disease, or hepatic disease. Use of torsemide has been found to be effective for the treatment of edema associated with chronic renal failure. Torsemide is also indicated for the treatment of hypertension alone or in combination with other antihypertensive agents.
The company made this announcement after the trading hours on Wednesday, 27 February 2008.
NTPC signs loan agreement with Nordic Investment Bank
National Thermal Power Corporation has signed a loan agreement of Euro 68.56 million with the Nordic Investment Bank (NIB) on 15 February 2008, a multilateral financial institution owned by the Nordic and Baltic countries, to part finance the capital expenditure of its projects. The loan has a maturity of 12 years including availability period of 3 years. The loan carries a floating rate of interest linked to EURIBOR and is without sovereign guarantee. This is the first loan that NTPC has tied up with NIB.
The company made this announcement after the trading hours on Wednesday, 27 February 2008.
Ansal Properties & Infrastructure allots secured redeemable non convertible debentures
The board of Ansal Properties & Infrastructure has allotted 1,00,00,000 secured redeemable non convertible debentures having the face value of Rs 100 each for cash at par by way of private placement to LIC Mutual Fund, Mumbai, having the tenure of less than 365 days.
These shares were allotted at the board meeting held on 27 February 2008.
3M India to expand manufacturing facilities at Ahmedabad
The board of 3M India has approved investment of not exceeding Rs 250 million in buildings, furniture & fittings, equipment and plant & machinery with regard to expansion of existing manufacturing facilities at Ahmedabad for corrosion protection products under automotive and specialty materials markets segment.
This was approved at the board meeting held on 27 February 2008.
Cummins Inc selects Infosys Technologies as one of three global preferred vendor
Infosys Technologies has announced that Cummins Inc., which designs, manufactures and sells diesel engines and related technologies, has named Infosys as one of three global preferred vendors (GPVs) for IT application outsourcing and business consulting services. This new partnership will bolster Cummins operations so it may handle the growing global demand for power technologies and components.
Cummins, which serves customers in more than 160 countries, launched an effort in January 2007 to identify its GPVs who would help the Company transform its IT application outsourcing to support growth in core technical capabilities and global reach. Infosys was the only new company selected during this rigorous process. Together, the Cummins and Infosys team will deploy IT solutions that will help Cummins grow to more than $20 billion in revenue over the next several years.
The company made this announcement during the trading hours today, 27 February 2008.
Satyam Computer Services allots equity shares
The committee of Satyam Computer Services has allotted 44,553 equity shares through circular resolution on 26 February 2008 under stock option plans of the company.
Consequent to the above allotment, the paid up share capital of the company has gone up from 670,090,616 equity shares of Rs 2 each aggregating Rs 1,340,181,232 to 670,135,169 equity shares of Rs 2 each aggregating Rs 1,340,270,338.
This was approved by the committee of directors on 27 February 2008.
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