Oct 31, 2008

Indira Gandhi International Airport's third runway 11-29 opens for commercial operations

25 Sep 2008 | 14:54


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Indira Gandhi International Airport's third runway 11-29 opens for commercial operations


Indira Gandhi International Airport's third runway 11-29, opened for
commercial operations today. At 0618 hours this morning, a Boeing 777
300 aircraft operated by British Airways became the first commercial
flight to operate from the new runway. IGI Airport is now the country?s
only airport with three operational runways.

The
runway, inaugurated 6 months ahead of schedule is the longest runway in
India and is capable of handling the largest aircraft category i.e.
Code F which comprises of giants like the Airbus A380 and the Antonov
An-225. The runway had earlier been inaugurated by Hon?ble Minister of
Civil Aviation, Praful Patel when the first proving flight - a Boeing
777 operated by Air India landed on 21 August 2008.

In the
initial phase, the new runway 11-29 will be operated in tandem with the
existing runway 10-28 During this period, runway 28 will be used for
all departure flights, while all flight arrivals will take place on
runway 29. The ATC, AAI, DIAL and airlines are all working together to
gain experience on the new operating procedures. The global practice
for introduction of new safety critical infrastructure is to always
phase the introduction on an incremental basis.

Since runways
11-29 and 10-28 are parallel, their simultaneous operation will
significant expand IGIA's capacity to handle aircraft movements. In
addition, the runway is a equipped with CAT IIIB instrument landing
system at both ends allowing compatible aircraft to land even when the
visibility is as low as 50m. This will complement the existing CAT IIIB
equipment on runway 10-28 making IGI airport the only one in India to
have twin runways with this advanced instrument landing system in
addition an advanced surface movement guidance system, featuring
induction loop sensors has been deployed to track the movement of the
aircraft along the runway.

The company made this announcement during the trading hours today, 25 September 2008.

Abbott India net profit declines 11.71% in the August 2008 quarter

23 Sep 2008 | 16:42

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Abbott India net profit declines 11.71% in the August 2008 quarter


Net profit of Abbott India declined 11.71% to Rs 17.57 crore in the
quarter ended August 2008 as against Rs 19.90 crore during the previous
quarter ended August 2007. Sales rose 12.76% to Rs 177.85 crore in the
quarter ended August 2008 as against Rs 157.72 crore during the
previous quarter ended August 2007.

Binny to hold board meeting

18 Sep 2008 | 13:59

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Binny to hold board meeting


The board meeting of Binny will be held on 25 September 2008 to
consider restructuring the company through demerger of the undertakings
of the company.

Khaitan Weaving Mills to appoint additional director

17 Sep 2008 | 16:25

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Khaitan Weaving Mills to appoint additional director


The board meeting of Khaitan Weaving Mills will be held on 24 September
2008 to appoint Shuchi Bansal as additional director of the company.

Bajaj Auto to announce Q2 results

22 Sep 2008 | 16:44

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Bajaj Auto to announce Q2 results


The board meeting of Bajaj Auto will be held on 23 October 2008 to
consider the unaudited financial results for the quarter (Q2) and half
year ending 30 September 2008.

Simbhaoli Sugars' director resigns

23 Sep 2008 | 12:09

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Simbhaoli Sugars' director resigns


Simbhaoli Sugars has announced that IDBI Bank has withdrawn the
nomination of Suman Kumar as director of the company with effect from
01 September 2008.

The comapny made this announcement during the trading hours today, 23 September 2008.

Shakti Pumps India to hold EGM

20 Sep 2008 | 09:46


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Shakti Pumps India to hold EGM


The board of Shakti Pumps India has decided to convene extra ordinary
general meeting on 16 October 2008 for appointment of statutory
auditors of the company.

Motor & General Finance recommends interim dividend

25 Sep 2008 | 15:07

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Motor & General Finance recommends interim dividend


The board of Motor & General Finance has recommended interim
dividend at the rate of Rs 2 per share (20%) for the year ending 31
March 2009.

This was recommended at the board meeting held on 25 September 2008.

S G Global Exports reports net loss of Rs 0.01 crore in the June 2008 quarter

23 Sep 2008 | 13:50

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S G Global Exports reports net loss of Rs 0.01 crore in the June 2008 quarter


S G Global Exports reported net loss of Rs 0.01 crore in the quarter
ended June 2008. There were no net profit or loss reported during the
previous quarter ended June 2007. There were no sales reported in the
quarter ended June 2008 and during the previous quarter ended June 2007.

Vishal Information Technologies to hold board meeting

25 Sep 2008 | 14:12

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Vishal Information Technologies to hold board meeting


The board meeting of Vishal Information Technologies will be held on 01
October 2008 to consider the proposals of acquisition of one or several
target companies in United Kingdom and Continental Europe.

Bajaj Holdings & Investment to announce Q2 results

22 Sep 2008 | 16:45

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Bajaj Holdings & Investment to announce Q2 results


The board meeting of Bajaj Holdings & Investment will be held on 23
October 2008 to consider the unaudited financial results for the
quarter (Q2) and half year ending 30 September 2008.

India Nippon Electricals appoints director

23 Sep 2008 | 14:05

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India Nippon Electricals appoints director


The shareholders of India Nippon Electricals has appointed K Nakamura
as director of the company in place of A Terasaki.

This was decided at the annual general meeting held on 21 August 2008.

Khaitan Electricals to appoint additional director

25 Sep 2008 | 17:18

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Khaitan Electricals to appoint additional director


The board meeting of Khaitan Electricals will be held on 30 September
2008 to appoint P R Agarwal as additional director.

Tata Communications receives two Global Telecoms Business innovation awards

25 Sep 2008 | 14:46

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Tata Communications receives two Global Telecoms Business innovation awards


Tata Communications, a leading provider of the new world of
communications, received two awards at the Global Telecoms Business
2008 innovation awards which took place earlier this month in London.

Tata
Communications, which was recognized for its International wholesale
network transformation for its global IP voice network and
International network infrastructure transformation for the TGN-Intra
Asia and TGN-Eurasia submarine cables, was selected by an exclusive
judging panel based on the company's innovations worldwide.

The company made this announcement during the trading hours today, 25 September 2008.

Supertex Industries to hold board meeting

22 Sep 2008 | 15:24

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Supertex Industries to hold board meeting


The board meeting of Supertex Industries will be held on 30 September
2008 to consider and adopt the directives and procedures required for
the debt restructuring scheme.

Satyam Computer opens Benelux office in Hoofddorp

19 Sep 2008 | 12:10

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Satyam Computer opens Benelux office in Hoofddorp


Satyam Computer Services, a global consulting and information
technology services provider has opened an office in Hoofddorp that
will complement the company's existing offices in Eindhoven and
Brussels. This facility will serve as the main office for the Benelux
countries and cater to the growing number of clients in the Randstad
region and in Western Holland.

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

Akruti City welcomes Satyam development centre into its IT park in Hinjewadi-Pune

25 Sep 2008 | 15:14
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Akruti City welcomes Satyam development centre into its IT park in Hinjewadi-Pune


Akruti City and DLF are glad to welcome India?s leading IT company
Satyam Infotech to its DLF-AKRUTI Infopark at Hinjewadi, Pune. The
completion of block 3 of this massive IT park and the arrival of Satyam
into these premises is yet another milestone in the Indian IT parks
success story.

This
facility is the single largest one that Satyam has in India and it will
house 4,800 employees at a time. The premises were inaugurated by Uday
Sankar Roy, MD and CEO, SRI Life Insurance while Virendra Agarwal, the
head of Satyam's South Asia operations played the chief host.

The company made this announcement during the trading hours today, 25 September 2008.

Apollo Sindhoori Capital prepones board meeting

18 Sep 2008 | 16:29

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Apollo Sindhoori Capital prepones board meeting


The board meeting of Apollo Sindhoori Capital Investments which is
scheduled to be held 24 September 2008 is being rescheduled and
preponed to 23 September 2008 due to some urgent engagements of the
directors.

Selan Exploration Technology to consider interim dividend

19 Sep 2008 | 12:19

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Selan Exploration Technology to consider interim dividend


The board meeting of Selan Exploration Technology will be held on 26
September 2008 to consider declaration of interim dividend for the year
2008-09, on the equity shares of the company.

Satyam Computer Services receives Golden Peacock Global award

22 Sep 2008 | 15:38

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Satyam Computer Services receives Golden Peacock Global award


Satyam Computer Services, a leading global consulting and information
technology services provider has won the coveted Golden Peacock Global
award for excellence in corparate governance for 2008. The organization
was named the winner by The World Council for Corporate Governance
(WCFCG) with Ola Ullsten, the former Prime Minister of Sweden, serving
as lead judge.

The
honor is especially relevant given that corporate governance best
practices are considered key benchmarks by stakeholders who evaluate
corporations. in fact, their importance is magnified in difficult
economic environments.

The award was presented at the ninth
international conference on Corporate Governance, held in London. G
Jayaraman, Satyam's global head of corporate governance and the company
secretary, accepted the honor at a function attended by business
leaders, corporate governance experts and policymakers.

The
Golden Peacock award is the latest of several corporate governance
honors for Satyam. Investor relations global rankings (IRGR) rated
Satyam as the company with best corporate governance practices for 2006
and 2007. It also won the Golden Peacock award for excellence in
corporate governance from the institute of directors in New Delhi in
2002.

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

Shakti Pumps India to hold EGM

20 Sep 2008 | 09:46

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Shakti Pumps India to hold EGM


The board of Shakti Pumps India has decided to convene extra ordinary
general meeting on 16 October 2008 for appointment of statutory
auditors of the company.

Sanrhea Technical Textile net profit rises 50.00% in the June 2008 quarter

24 Sep 2008 | 10:15

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Sanrhea Technical Textile net profit rises 50.00% in the June 2008 quarter


Net profit of Sanrhea Technical Textile rose 50.00% to Rs 0.03 crore in
the quarter ended June 2008 as against Rs 0.02 crore during the
previous quarter ended June 2007. Sales rose 25.10% to Rs 3.09 crore in
the quarter ended June 2008 as against Rs 2.47 crore during the
previous quarter ended June 2007.

Celestial Labs' director resigns

25 Sep 2008 | 14:18

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Celestial Labs' director resigns


Celestial Labs has accepted the resignation of P S N Reddy from the
directorship of the company with effect from 15 September 2008.

The company made this announcement during the trading hours today, 25 September 2008.

Rids Securities' board approves scheme of amalgamation

20 Sep 2008 | 10:00

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Rids Securities' board approves scheme of amalgamation


The board of Rids Securities has approved the proposal to amalgamate
Tricom Agrochem with the company with effect from 01 April 2008.

This was approved at the board meeting held on 19 September 2008.

Opto Circuits India signs non binding letter of intent

19 Sep 2008 | 13:52

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Opto Circuits India signs non binding letter of intent


Opto Circuits India has signed a non binding letter of intent for the
proposed purchase of 100% of the capital stock of privately held
medical devices company in Europe manufacturing medical equipments. The
acquisition is estimated over US$ 100 million.

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

Ferro Alloys Corporation to install additional 45 MVA furnace

25 Sep 2008 | 14:14

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Ferro Alloys Corporation to install additional 45 MVA furnace


Ferro Alloys Corporation is proposing to enlarge the operations of its
charge chrome plant at Randia in Orissa by installation of one
additional 45 MVA furnace for the manufacture of ferro chrome/charge
chrome.

The company made this announcement during the trading hours today, 25 September 2008.

Tata Coffee's director resigns

25 Sep 2008 | 10:30

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Tata Coffee's director resigns


Tata Coffee has announced that Y H Malegam has demitted office as director with effect from 24 September 2008.

The company made this announcement during the trading hours today, 25 September 2008.

Simbhaoli Sugars' director resigns

23 Sep 2008 | 12:09

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Simbhaoli Sugars' director resigns


Simbhaoli Sugars has announced that IDBI Bank has withdrawn the
nomination of Suman Kumar as director of the company with effect from
01 September 2008.

The comapny made this announcement during the trading hours today, 23 September 2008.

Motor & General Finance recommends interim dividend

25 Sep 2008 | 15:07

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Motor & General Finance recommends interim dividend


The board of Motor & General Finance has recommended interim
dividend at the rate of Rs 2 per share (20%) for the year ending 31
March 2009.

This was recommended at the board meeting held on 25 September 2008.

Kalindee Rail Nirman Engineers allots equity shares

22 Sep 2008 | 16:24

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Kalindee Rail Nirman Engineers allots equity shares


The board of Kalindee Rail Nirman Engineers has considered option
exercised by FCCB holders of US$ 1,800,000 out of total US$ 7,000,000
foreign currency bond and accordingly 4,97,362 equity shares have been
allotted to bond holders.

This was decided at the board meeting held on 19 September 2008.

Power Grid Corporation's board approves investment in transmission system

23 Sep 2008 | 12:26

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Power Grid Corporation's board approves investment in transmission system


The board of Power Grid Corporation of India has approved the
investment approval for transmission system associated with Mundra
Ultra Mega Power Project at an estimated cost of Rs 4824.12 crore with
commissioning schedule of 48 months from the date of investment
approval.

This was approved at the board meeting held on 17 September 2008.

G Global Exports reports net loss of Rs 0.01 crore in the June 2008 quarter

23 Sep 2008 | 13:50

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S G Global Exports reports net loss of Rs 0.01 crore in the June 2008 quarter


S G Global Exports reported net loss of Rs 0.01 crore in the quarter
ended June 2008. There were no net profit or loss reported during the
previous quarter ended June 2007. There were no sales reported in the
quarter ended June 2008 and during the previous quarter ended June 2007.

MAN Industries bags new orders worth Rs 1100 crore

25 Sep 2008 | 14:43

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MAN Industries bags new orders worth Rs 1100 crore


MAN Industries, one of the leading pipe manufacturing companies in the
country has secured new orders worth Rs 1100 crore in its LSAW and HSAW
segments during the current quarter. With this development, MAN
Industries' total order book has soared to a comfortable level of over
Rs 1,500 crore out of the fresh orders bagged by the company, domestic
orders stand at Rs 700 crore and export orders are to the tune of Rs
400 crore.

The
company has received domestic orders from GAIL for over Rs 325 crore.
The company has received export orders from various countries in Middle
East.

The company made this announcement during the trading hours today, 25 September 2008.

Religare AEGON Asset Management to launch mutual fund business

25 Sep 2008 | 14:29

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Religare AEGON Asset Management to launch mutual fund business


Religare AEGON Asset Management Company, a joint venture between
Religare and AEGON has received the final regulatory approval from the
Securities & Exchange Board of India (SEBI) to launch mutual fund
business in the country. The AMC is looking at launching its first
product by Nov-Dec 2008 for the Indian retail investor.

Religare
and AEGON have partnered to establish Religare AEGON Asset Management
joint venture. Both partners will have equal ownership in the venture.
The joint venture would offer mutual fund and investment products to
the investing community in India and overseas.

The company made this announcement during the trading hours today, 25 September 2008.

Satyam Computer Services launches new facility in Pune

23 Sep 2008 | 14:28
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Satyam Computer Services launches new facility in Pune


Satyam Computer Services, a leading global consulting and IT services
provider has opened a development center in the Pune Special Economic
Zone at the Rajiv Gandhi InfoTech Park, Hinjawadi.

The
475,000 square-foot facility will eventually accommodate 4750
associates. Currently, several hundred Satyam employees are working at
the site, helping global automotive companies and financial services
institutions enhance their customer service via enterprise application
and business intelligence optimization projects. Satyam now has 30
development centers in India and another 19 around the world. Its
growing development capabilities are part of a trend.

Prism Cement to announce financial results

23 Sep 2008 | 13:49
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Prism Cement to announce financial results


The board meeting of Prism Cement will be held on 07 October 2008 to
approve the company's unaudited financial results for the quarter ended
30 September 2008 and consider declaration of interim dividend on
equity shares.

Aftek to consider dividend

23 Sep 2008 | 17:12

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Aftek to consider dividend


The board meeting of Aftek will be held on 30 September 2008 to
consider annual accounts of the company for the year ended 31 March
2008 and to recommend dividend for the year ended 31 March 2008.

IFCI's director retires

17 Sep 2008 | 14:00

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IFCI's director retires


IFCI has announced that K V Eapen, joint secretary, Ministry of
finance, department of financial services, New Delhi has been appointed
as the second Government director on the board of the company with
effect from 12 September 2008.

Further,
the company has announced that R K Kapoor, director has retired from
the board of the company with effect from 12 September 2008.

The company made this announcement during the trading hours today, 17 September 2008.

Falcon Tyres' director & MD resigns

17 Sep 2008 | 16:20

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Falcon Tyres' director & MD resigns


Falcon Tyres has accepted the resignation of Arvind Kumar Joshi as
director of the company with effect from 17 September 2008.

The
company has accepted the resignation of Umesh Bhargava as director and
as managing director of the company with effect from 17 September 2008.

The company made this announcement during the trading hours today, 17 September 2008.

Cadila Healthcare's equity shareholders & unsecured creditors approves scheme of arrangement

23 Sep 2008 | 11:31

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Cadila Healthcare's equity shareholders & unsecured creditors approves scheme of arrangement
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The equity shareholders and unsecured creditors of Cadila Healthcare
has approved the composite scheme of arrangement between Carnation
Nutra-Analogue Foods and Cadila Healthcare and Zydus Hospitals and
Medical Research and their respective shareholders and creditors.

This was approved at the shareholders meeting held on 18 September 2008.

PFL Infotech allots equity shares & warrants

19 Sep 2008 | 09:51

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PFL Infotech allots equity shares & warrants


The board of PFL Infotech has allotted 3,00,000 equity shares of Rs 10
each at a price of Rs 15 per share and 11,50,000 fully convertible
warrants of Rs 10 each, with an option to convert each one of them into
one equity share of Rs 10 each, after a period of one year at a
conversion price of Rs 15 to P Amresh Kumar, Hyderabad, promoter of the
company.

This was decided at the board meeting held on 18 September 2008.