Unitech Infosolutions reports no net profit or loss in the June 2008 quarter

26 Sep 2008 | 17:31
Unitech Infosolutions reports no net profit or loss in the June 2008 quarter
Unitech Infosolutions reported no net profit or loss in the quarter ended June 2008 and during the previous quarter ended June 2007. Sales rose 36.36% to Rs 0.15 crore in the quarter ended June 2008 as against Rs 0.11 crore during the previous quarter ended June 2007.

Read More

Jayant Agro Organics appoints statutory auditors

26 Sep 2008 | 17:36
Jayant Agro Organics appoints statutory auditors
The members of Jayant Agro Organics has appointed T P Ostwal & Associates, chartered accountants as statutory auditors of the company in place of Ostwal Desai & Kothari.
This was decided at the annual general meeting held on 15 September 2008.

Read More

Khaitan Weaving Mills appoints additional director

26 Sep 2008 | 17:48
Khaitan Weaving Mills appoints additional director
The board of Khaitan Weaving Mills has appointed Shuchi Bansal as additional director of the company with effect from 24 September 2008.
This was decided at the board meeting held on 24 September 2008.

Read More

Vantage Corporate Services net profit rises 400.00% in the March 2008 quarter

26 Sep 2008 | 17:14
Vantage Corporate Services net profit rises 400.00% in the March 2008 quarter
Net profit of Vantage Corporate Services rose 400.00% to Rs 0.05 crore in the quarter ended March 2008 as against Rs 0.01 crore during the previous quarter ended March 2007. Sales rose 18.18% to Rs 0.13 crore in the quarter ended March 2008 as against Rs 0.11 crore during the previous quarter ended March 2007.

Read More

Bliss GVS Pharma to allot equity shares

26 Sep 2008 | 17:06
Bliss GVS Pharma to allot equity shares
The allotment committee meeting of Bliss GVS Pharma will be held 03 October 2008 for allotment of 38,680,002 equity shares of Re 1 each as bonus shares to members.

Read More

Kanoria Chemicals & Industries receives ICC award for social responsibility

26 Sep 2008 | 17:34
Kanoria Chemicals & Industries receives ICC award for social responsibility
Kanoria Chemicals & Industries has been conferred ICC award for social responsibility for the year, 2007 by Indian Chemical Council on 26 September 2008.
The company made this announcement during the trading hours today, 26 September 2008.

Read More

Comfort Intech allots equity shares

26 Sep 2008 | 17:49
Comfort Intech allots equity shares
The board of Comfort Intech has converted the 31,50,000 warrants into equity capital of 31,50,000 equity shares of Rs 17.11 each and allotted 31,50,000 equity shares which were issued on conversion of out of 60,00,000 warrants in to 60,00,000 equity shares on preferential basis.
These shares were allotted at the board meeting held on 22 September 2008.

Read More

Ganesh Benzoplast reports net loss of Rs 4.98 crore in the June 2008 quarter

26 Sep 2008 | 18:03
Ganesh Benzoplast reports net loss of Rs 4.98 crore in the June 2008 quarter
Ganesh Benzoplast reported net loss of Rs 4.98 crore in the quarter ended June 2008 as against net loss of Rs 0.77 crore during the previous quarter ended June 2007. Sales declined 40.39% to Rs 6.67 crore in the quarter ended June 2008 as against Rs 11.19 crore during the previous quarter ended June 2007.

Read More

Zen Technologies allots equity shares

26 Sep 2008 | 17:53
Zen Technologies allots equity shares
The board of Zen Technologies has allotted 450,000 equity shares of the company to persons consequent to conversion of share warrants.
These shares were allotted at the board meeting held on 26 September 2008

Read More

Refex Refrigerants' director resigns

27 Sep 2008 | 09:28
Refex Refrigerants' director resigns
The board of Refex Refrigerants has accepted the resignation of Ratanchand Lodha, director of the company with effect from 18 September 2008.
This was decided at the board meeting held on 22 September 2008.

Read More

Themis Medicare to hold board meeting

27 Sep 2008 | 09:23
Themis Medicare to hold board meeting
The board meeting of Themis Medicare will be held on 03 October 2008 for considering a proposal of acceptance of public deposits.

Read More

Dhanlaxmi Fabrics to allot equity shares

27 Sep 2008 | 09:37
Dhanlaxmi Fabrics to allot equity shares
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.

Read More

Kinetic Motor to increase authorised capital

27 Sep 2008 | 09:39
Kinetic Motor to increase authorised capital
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.

Read More

Tamil Nadu Industrial Explosives reports net loss of Rs 1.16 crore in the June 2008 quarter

27 Sep 2008 | 09:43
Tamil Nadu Industrial Explosives reports net loss of Rs 1.16 crore in the June 2008 quarter
Tamil Nadu Industrial Explosives reported net loss of Rs 1.16 crore in the quarter ended June 2008 as against net loss of Rs 2.93 crore during the previous quarter ended June 2007. Sales rose 58.79% to Rs 8.94 crore in the quarter ended June 2008 as against Rs 5.63 crore during the previous quarter ended June 2007.

Read More

XL Telecom & Energy recommends dividend

29 Sep 2008 | 09:21
XL Telecom & Energy recommends dividend
The board of XL Telecom & Energy has recommended dividend at the rate of 15% for the year 2007-08.
The board has approved investment upto Euro 35 million in wholly owned subsidiary Saptashva Solar S.L.

The board has approved the investment upto Rs 28 crore in wholly owned subsidiary Khandoba Distilleries.

This was approved at the board meeting held on 27 September 2008.

Read More

Avanti Feeds to issue equity shares

29 Sep 2008 | 09:24
Avanti Feeds to issue equity shares
The board meeting of Avanti Feeds will be held on 04 October 2008 to approve issue of equity shares on preferential basis to Thai Union Frozen Products Public Company and promoters.

Read More

Priyadarshini Spinning Mills' director resigns

29 Sep 2008 | 09:34
Priyadarshini Spinning Mills' director resigns
Priyadarshini Spinning Mills has accepted the resignation of G Ananthraman, nominee director of IDBI with effect from 01 September 2008.
The company made this announcement during the trading hours today, 29 September 2008.

Read More

DS Kulkarni Developers to invest in DSK Global

29 Sep 2008 | 09:52
DS Kulkarni Developers to invest in DSK Global
The board of DS Kulkarni Developers has approved the investment in DSK Global up to the tune of Rs 3 crore so as to make it a subsidiary.
This was approved at the board meeting held on 27 September 2008.

Read More

XL Telecom & Energy net profit rises 143.44% in the June 2008 quarter

29 Sep 2008 | 09:57
XL Telecom & Energy net profit rises 143.44% in the June 2008 quarter
Net profit of XL Telecom & Energy rose 143.44% to Rs 11.32 crore in the quarter ended June 2008 as against Rs 4.65 crore during the previous quarter ended June 2007. Sales rose 31.65% to Rs 180.67 crore in the quarter ended June 2008 as against Rs 137.23 crore during the previous quarter ended June 2007.
For the full year, net profit rose 98.91% to Rs 40.14 crore in the year ended June 2008 as against Rs 20.18 crore during the previous year ended June 2007. Sales rose 25.02% to Rs 654.02 crore in the year ended June 2008 as against Rs 523.14 crore during the previous year ended June 2007.

Read More

Dynamatic Technologies acquires 12 MW wind farm at Coimbatore

29 Sep 2008 | 09:58
Dynamatic Technologies acquires 12 MW wind farm at Coimbatore
Dynamatic Technologies has acquired a 12 MW wind farm at Coimbatore from Tamilnadu Petroproducts. The wind farm will generate approximately 18 million units of power annually. This acquisition will enable dynamatic to achieve 85% reduction in monthly energy costs at its Chennai complex and combat energy-price inflation in future. This is also a big step forward in converting the company into an 'Eco-friendly Green Enterprise'.
The company made this announcement during the trading hours today, 29 September 2008.

Read More

Nestle S.A. board visits India

29 Sep 2008 | 10:23

The board of directors of Nestle S.A. along with the executive board of Nestle S.A. convened in New Delhi for the first ever board meeting in India. The board members took the opportunity to familiarise themselves with the Indian market and Nestle India operations. During a visit to the factory in Moga and the milk district, where Nestle India has pioneered dairy farming into a flourishing activity, they met milk farmers and appreciated the work Nestle India is doing to promote best practices in dairy, water conservation and community development.
The group continues its ongoing strategic transformation into the leading nutrition, health and wellness company. It continuously leverages science to innovate and renovate and develop products that add value to the consumers. Nestle India is following the same strategy. In the next decade larger number of consumers in developing countries are expected to be able to consume Nestle products for the first time. It is estimated that almost one billion new consumers would be added and developing countries that currently account for a third of Nestle S.A. business would grow to about 45%.

Nestle S.A. management expressed satisfaction at the impressive growth of Nestle India in recent years and the high quality of talent available at all levels. It would support India growth plans and higher investments, that are strategically and economically sound. Nestle India is estimated to invest upto Rs 300 crore in the current year which could go upto Rs 600 crore in the next year, subject to financial evaluation. Expansion of out of home business was outlined as a growth area, particularly in the area of providing beverage solutions.

Nestle S.A. considers efficient usage of water as a priority for long term sustainability. Nestle India is also actively implementing initiatives to train farmers and village school children on water conservation while increasing efficiency of water usage in its operations. During the last ten years Nestle India has reduced water consumption per ton of product manufactured by 63%.

Nestle India recorded total net sales of Rs 3,504 crore in 2007 and for the first half year ended June 30, 2008 total net sales were Rs 2,126 crore, showing a growth of 25% over the same period last year.

The company made this announcement during the trading hours today, 29 September 2008.

Read More

Gujarat Gas Company to convene EGM

29 Sep 2008 | 10:29
Gujarat Gas Company to convene EGM
The board of Gujarat Gas Company has approved the introduction and implementation of Gujarat Gas Company - ESOP 2008.
The board has decided to convene extraordinary general meeting on 23 October 2008 to implement proposed ESOP 2008.

This was approved at the board meeting held on 26 September 2008.

Read More

Modern Steels appoints additional director

29 Sep 2008 | 10:43
Modern Steels appoints additional director
The board of Modern Steels has appointed P L Talwar as additional director designated as director (operations) of the company, liable to retire by rotation, for a period of three years with effect from 27 September 2008.
This was decided at the board meeting held on 27 September 2008.

Read More

Sylph Technologies to venture into new business with contemporary technologies

29 Sep 2008 | 10:49
Sylph Technologies to venture into new business with contemporary technologies
The board of Sylph Technologies has decided to venture into new business with contemporary technologies. Initially it has been decided to venture into solid state lighting technology, Wind and solar power, energy saving technologies and bio-fuels.
This was decided at the board meeting held on 27 September 2008.

Read More

Zodiac-JRD-MKJ's equity shareholders approves scheme of amalgamation

29 Sep 2008 | 10:52
Zodiac-JRD-MKJ's equity shareholders approves scheme of amalgamation
The equity shareholders of Zodiac-JRD-MKJ has approved the scheme of amalgamation of MKJ Jewellery with Zodiac-JRD-MKJ.
This was approved at the court convened meeting held on 27 September 2008.

Read More

MindTree to amalgamate with Aztecsoft

29 Sep 2008 | 10:59
MindTree to amalgamate with Aztecsoft
The board of MindTree has approved the scheme of amalgamation of Aztecsoft with the company.
This was approved at the board meeting held on 26 September 2008.

Read More

Suven completes phase-I clinical trials single ascending dose of SUVN-502

29 Sep 2008 | 11:02
Suven completes phase-I clinical trials single ascending dose of SUVN-502
Suven Life Sciences has completed the phase-I single ascending dose study of SUVN-502 in healthy subjects. SUVN-502 is a potent, safe, highly selective, brain penetrant and orally active antagonist at a nonperipheral CNS receptor site 5-HT6, intended for the symptomatic treatment of Alzheimer's disease and other disorders of memory and cognition like attention deficient hyperactivity, Parkinson, Schizophrenia. The study was conducted at Basel, Switzerland under a clinical trial application approved by SwissMedic, the regulatory authority of Switzerland for therapeutic products. The study is A double-blind, placebo-controlled, randomized, single ascending dose study in healthy male subjects.
The tolerability of SUVN-502 up to the highest dose administered is very good. No serious adverse events occurred. No clinically significant changes or study medication related abnormalities were observed with respect ECGs and laboratory evaluations. There were no clinically significant changes of vital sign parameters. The detailed pharmacokinetics of the SUVN-502 was studied from the blood samples drawn up to 72 hours post-dosing. SUVN-502 demonstrated very favorable pharmacokinetics with a potential for once in a day dosing.

The company made this announcement during the trading hours today, 29 September 2008.

Read More

British Telecom signs new three-year framework contract with Subex

29 Sep 2008 | 11:14
British Telecom signs new three-year framework contract with Subex
Subex, a leading global provider of operations and business support systems has announced today that BT (British Telecom) has signed a three-year framework contract at an estimated value of US$ 50 million, for Subex to provide the company with products and services in the domains of revenue assurance, fraud detection, interconnect billing and event integrity.
The framework contract specifically covers fraud detection, domestic and international interconnect, international billing and settlements and event integrity. In addition - it also covers multi-year managed services for revenue assurance (using the Moneta revenue assurance product from Subex) and a data intelligence repository (BASALT) supporting the domestic and international interconnect and international billing and settlement services.

The company made this announcement during the trading hours today, 29 September 2008.

Read More

Aztecsoft to amalgamate with MindTree

29 Sep 2008 | 11:17
Aztecsoft to amalgamate with MindTree
The board of Aztecsoft has approved the scheme of amalgamation of Aztecsoft with MindTree.
This was approved at the board meeting held on 26 September 2008.

Read More

INOX Leisure commences operations of new multiplex cinema theatre at Banglore

29 Sep 2008 | 12:14
INOX Leisure commences operations of new multiplex cinema theatre at Banglore
INOX Leisure has announced that the commercial operation of the new multiplex cinema theatre situated at Garuda Swagat Mall, Opposite Tilak Nagar Police Station, Jaya Nagaer, 4 T Block, Banglore - 560 041 commenced from 29 September 2008.
The company made this announcement during the trading hours today, 29 September 2008.

Read More

Victory Projects to hold board meeting

26 Sep 2008 | 13:52
Victory Projects to hold board meeting
The board meeting of Victory Projects will be held on 26 September 2008 to take a view about holding the EGM announced for 20 October 2008.

Read More

Arihant Foundations & Housing's director resigns

26 Sep 2008 | 14:01
Arihant Foundations & Housing's director resigns
The board of Arihant Foundations & Housing has accepted the resignation of Jagdish R Bhatt, whole time director and Alex Jacob, non executive director.
This was decided at the board meeting held on 26 September 2008.

Read More

Hon'ble High Court approves scheme of arrangement of IBN18 Broadcast

26 Sep 2008 | 15:14
Hon'ble High Court approves scheme of arrangement of IBN18 Broadcast
IBN18 Broadcast has announced that the scheme of arrangement between ibnl8 Broadcast, Jagran TV and BK Fincap has been approved by the Hon'ble High Court of Delhi at the hearing held on 15 September 2008 and by the Hon'ble High Court of Allahabad at the hearing held on 22 September 2008.
The company made this announcement during the trading hours today, 26 September 2008.

Read More

Hon'ble High Court approves scheme of arrangement of Gulshan Polyols

26 Sep 2008 | 15:46
Hon'ble High Court approves scheme of arrangement of Gulshan Polyols
Gulshan Polyols has announced that Hon'ble High Court Uttar Pradesh at Allahabad has approved the scheme of amalgamation involving amalgamation of Gulshan Sugars & Chemical with the company vide order dated 26 September 2008.

Read More

Sterlite Technologies wins contract worth Rs 254 crore

26 Sep 2008 | 17:00
Sterlite Technologies wins contract worth Rs 254 crore
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 Sterlite?s ACSR Moose power conductors, are worth a total of Rs 254 crore (US$ 55 million). As per PGCIL?s 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.

Read More

Adani Enterprises appoints additional director

26 Sep 2008 | 17:04
Adani Enterprises appoints additional director
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.

Read More

Synergy Log-In Systems reports net loss of Rs 0.51 crore in the June 2008 quarter

26 Sep 2008 | 17:33
Synergy Log-In Systems reports net loss of Rs 0.51 crore in the June 2008 quarter
Synergy Log-In Systems reported net loss of Rs 0.51 crore in the quarter ended June 2008 as against net loss of Rs 0.34 crore during the previous quarter ended June 2007. Sales rose 48.78% to Rs 1.22 crore in the quarter ended June 2008 as against Rs 0.82 crore during the previous quarter ended June 2007.
For the full year, net profit rose 42.31% to Rs 0.37 crore in the year ended June 2008 as against Rs 0.26 crore during the previous year ended June 2007. Sales rose 15.12% to Rs 4.95 crore in the year ended June 2008 as against Rs 4.30 crore during the previous year ended June 2007.

Read More

Integrated Finance Company reports net loss of Rs 1.94 crore in the June 2008 quarter

26 Sep 2008 | 17:44
Integrated Finance Company reports net loss of Rs 1.94 crore in the June 2008 quarter
Integrated Finance Company reported net loss of Rs 1.94 crore in the quarter ended June 2008 as against net loss of Rs 6.11 crore during the previous quarter ended June 2007. Sales declined 83.33% to Rs 0.05 crore in the quarter ended June 2008 as against Rs 0.30 crore during the previous quarter ended June 2007.

Read More

Harrisons Malayalam appoints director

26 Sep 2008 | 17:09
Harrisons Malayalam appoints director
Harrisons Malayalam has appointed Ajit Singh Chouhan as director of the company with effect from 23 September 2008.

Read More

Precision Electronics to increase authorized capital

27 Sep 2008 | 09:35
Precision Electronics to increase authorized capital
Precision Electronics has decided to increase the authorized share capital from Rs 15 crore to Rs 20 crore.
The company made this announcement after the trading hours on Friday, 27 September 2008.

Read More

Radha Madhav Corporation to hold EGM

27 Sep 2008 | 09:44
Radha Madhav Corporation to hold EGM
The extraordinary general meeting of Radha Madhav Corporation will be held on 11 October 2008.

Read More

Mahindra & Mahindra allots equity shares

29 Sep 2008 | 09:27
Mahindra & Mahindra allots equity shares
Mahindra & Mahindra has allotted 1,28,27,552 equity shares of Rs 10 each to the M&M Benefit Trust pursuant to the scheme of amalgamation of Mahindra Holdings & Finance with the company and their respective shareholders.
The above 1,28,27,552 equity shares rank pari passu in all respects with the existing equity shares of the company.

These shares were allotted by the company on 27 September 2008.

Read More

Victory Projects adjourns EGM

29 Sep 2008 | 10:10
Victory Projects adjourns EGM
The extraordinary general meeting of Victory Projects which is scheduled to be held on 20 October 2008 has been cancelled due to unavoidable circumstances. Instead the meeting will be held on 03 November 2008.

Read More

PCS Technology net profit rises 9.17% in the year ended June 2008

29 Sep 2008 | 10:39
PCS Technology net profit rises 9.17% in the year ended June 2008
Net profit of PCS Technology rose 9.17% to Rs 3.69 crore in the year ended June 2008 as against Rs 3.38 crore during the previous year ended June 2007. Sales declined 6.00% to Rs 314.32 crore in the year ended June 2008 as against Rs 334.38 crore during the previous year ended June 2007.

Read More

IVRCL bags lift irrigation project worth Rs 418.50 crore

29 Sep 2008 | 10:55
IVRCL bags lift irrigation project worth Rs 418.50 crore
IVRCL Infrastructures & Projects has been awarded the lift irrigation project viz. execution of PUNASA lift irrigation scheme including its distribution network by pipelines to cultivate about 35008 hectares of culturable command area on turn key basis and maintenance of complete commissioned scheme for one year, at a project cost of Rs 418.50 crore from Narmada development division No.25, Khandwa, Madhya Pradesh, to be completed in 36 months.
The company made this announcement during the trading hours today, 29 September 2008.

Read More

Koffee Break Pictures appoints director

29 Sep 2008 | 12:45
Koffee Break Pictures appoints director
Koffee Break Pictures has appointed Nimesh Joshi as additional non- executive director with effect from 22 September 2008.
The company made this announcement during the trading hours today, 29 September 2008.

Read More

Jyoti allots equity shares

25 Sep 2008 | 12:21




Jyoti allots equity shares


The board of Jyoti has allotted 2,99,404 equity shares on conversion of
equity warrants to Marut R Patel on preferential basis.

These shares were allotted at the board meeting held on 25 September 2008.

Read More

GP Electronics to appoint director

23 Sep 2008 | 14:18




GP Electronics to appoint director


The board meeting of GP Electronics will be held on 29 September 2008 for appointment of independent director.

Read More

Core Projects & Technologies to allot equity shares

19 Sep 2008 | 12:32




Core Projects & Technologies to allot equity shares


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.

Read More

Patel Engineering bags order worth Rs 696 crore Patel Engineering, a civil

19 Sep 2008 | 12:06




Patel Engineering bags order worth Rs 696 crore


Patel Engineering, a civil - infrastructure construction company has
bagged orders worth Rs 695.57 crore from the Andhra Pradesh State
Government for the modernization of the Krishna Delta System. The
project includes massive modernization programme of the major river
delta systems to boost irrigation potential along the Bantumilti Canal,
Polarj Canal, Campbell Canal, Dosapadu Channel, Kunderu Channel, East
Bank Canal, Gudivada Channel and their distributaries. The project is
part of the enormous modernization programme undertaken by the state
government on major river delta systems to boost irrigation potential.

The
project work will involve development of Bantumilli Canal (from Km
58.105 to 100.383), Polarj Canal (from Km 58.105 to Km 100.361),
Campbell Canal (from Km 58.105 to Km 96.289) Dosapadu Channel (from Km
0.000 to Km 35.085), Kunderu Channel, East Bank Canal (from Km 7.738 to
Km 64.50) (Package 4), Gudivada Channel (Km 0.000 to Km 39.937) and its
distributaries and for Prakasam Barrage on EPC Turn Key Basis. The
projects are expected to be completed in next 36 months.

The company made this announcement during the trading hours today, 19 September 2008.

Read More