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.

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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.

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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.

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Armour Polymers to hold board meeting

26 Sep 2008 | 15:49
Armour Polymers to hold board meeting
The board meeting of Armour Polymers will be held on 29 September 2008 to avail credit facilities from ICICI.

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Armour Polymers to hold board meeting

26 Sep 2008 | 15:49
Armour Polymers to hold board meeting
The board meeting of Armour Polymers will be held on 29 September 2008 to avail credit facilities from ICICI.

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Ckoramaandel Cements to allot warrants

26 Sep 2008 | 16:13
Ckoramaandel Cements to allot warrants
The board meeting of Ckoramaandel Cements will be held on 08 October 2008 to make allotment of 20,00,000 warrants of Rs 10 each to promoters, convertible into 20,00,000 equity shares of Rs 10 each at a later date.

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Tayo Rolls to issue equity shares

26 Sep 2008 | 16:15
Tayo Rolls to issue equity shares
The committee of Tayo Rolls has approved the rights issue swap ratio at 7:8. The committee has decided to issue 47,88,700 equity shares of Rs 10 each at a premium of Rs 116 per share on rights basis, aggregating to Rs 60,33,76,200.
This was approved at the committee meeting held on 26 September 2008.

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Vantage Corporate Services net profit rises 100.00% in the December 2007 quarter

26 Sep 2008 | 17:03
Vantage Corporate Services net profit rises 100.00% in the December 2007 quarter
Net profit of Vantage Corporate Services rose 100.00% to Rs 0.02 crore in the quarter ended December 2007 as against Rs 0.01 crore during the previous quarter ended December 2006. Sales rose 100.00% to Rs 0.08 crore in the quarter ended December 2007 as against Rs 0.04 crore during the previous quarter ended December 2006.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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Nestle S.A. board visits India

29 Sep 2008 | 10:23
Nestle S.A. board visits India
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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.


Priyadarshini Spinning Mills' director resigns

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Greenply Industries appoints nominee director

16 Sep 2008 | 11:41




Greenply Industries appoints nominee director


Greenply Industries has announced that Industrial Development Bank of
India has appointed Gautam Dutta as their nominee director on the board
of the company with effect from 08 September 2008 in place of Ratna
Barua.

The company made this announcement during the trading hours today, 16 September 2008.

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Sutlej Textiles & Industries appoints chairman

16 Sep 2008 | 12:47




Sutlej Textiles & Industries appoints chairman


The board of Sutlej Textiles & Industries has appointed C S Nopany
as the chairman of the company with effect from 15 September 2008 in
the vacancy caused by death of K K Birla on 30 August 2008.

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

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SREI Infrastructure Finance to appoint vice chairman

23 Sep 2008 | 09:40




SREI Infrastructure Finance to appoint vice chairman


The board of SREI Infrastructure Finance has decided to appoint Sunil
Kanoria, director of the company as vice chairman of the company with
effect from 20 September 2008.

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

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India Nippon Electricals' director resigns

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Welspun India to de-merge its divisions

16 Sep 2008 | 10:16




Welspun India to de-merge its divisions


Welspun India, part of US$ 3 billion Welspun Group today announced the
de-merger of its distribution & marketing and investment divisions
into two separate companies at cost basis. This will allow strategic
focus on specific tiers of the businesses and thus shall enable better
business control, flexibility on business operations and leveraging
International focus of the group.

The
distribution & marketing company which will hold all the
international businesses and Welspun Retail will be known as Welspun
Global Brands whereas the investment company will be known as Welspun
Investments. As a part of this de-merger, WGBL will issue fresh shares
to promoters and shareholders of WIL in lieu of promoters' and WIL's
shareholding in WRL and thus WGBL will hold entire equity of WRL.

The
current shareholders of WIL will be allotted new shares in WGBL and
WINV i.e. - shareholders of every 100 shares in WIL will be given 10
shares of WGBL and 5 shares of WINV. Post demerger, promoter and
non-promoter shareholding in WGBL shall be 57.6% and 42.4%
respectively. Upon de-merger, both WGBL and WINV will automatically be
listed separately on Indian stock exchanges i.e. NSE and BSE.

The company made this announcement during the trading hours today, 16 September 2008.

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Era Infra Engineering secures contract worth Rs 70.75 crore

17 Sep 2008 | 12:09




Era Infra Engineering secures contract worth Rs 70.75 crore


Era Infra Engineering has announced that within a day of getting the
contract for up-gradation of I.M.S. under PMSSY at BHU, Varanasi by
Central Public Works Department valuing Rs 52.55 crore, Era Infra
Engineering has bagged another contract for up-gradation, renovation
and new construction for Commonwealth Games - 2010 in Dr. Karni Singh
Shooting Range, Tuglakabad, Delhi. Sub head: construction of ranges of
10 Mtr., 25 Mtr., 50 Mtr. Trap, Skeet final range and Armory Building
including development of complex (civil and electrical) by Central
Public Works Department (CPWD) valuing Rs 70.75 crore approximately.

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