e.Star Infotech on be listed on BSE from April 16, 2001

BSE has informed the members of the exchange that effective from Monday April 16, 2001 the securities of e.Star Infotech Ltd are admitted to dealings on the exchange in the list of non-specified securities.The scrip code for trading under the normal segment will be 32417.

Reliance Petro fixes Books Closure for payment of dividend

Reliance Petroleum Ltd has informed BSE that the Register of Members and Transfer Books of the Company will remain closed from May 12,2001 to May 19, 2001 (both days inclusive) for the purpose of payment of dividend on Equity shares, for the financial year ended on March 31, 2001.

R S Hugar appointed as CMD of Global Trust Bank

The Board of Directors of Global Trust Bank Ltd met today (April 12, 2001) in Mumbai to consider the request of Mr Ramesh Gelli Chairman & Managing Director to step down from his office. On the insistence of Mr Ramesh Gelli the Board has accepted resignation and while recording in detail its appreciation of his role for growing the bank from scratch to its current level of over Rs 13,0000 million. It will be recalled that Mr Gelli had in July 2000 indicated that he would like step down as Managing Director but more recently decided to step down as both Chairman & Managing Director Mr Gelli would however be associated with the Bank and share his experience with the new team. Mr Gelli is likely to spearhead the Banks new initiatives in the future. The Board of Directors after considerable deliberation appointed Shri R S Hugar who is already on the Board of Global Trust Bank as Chairman and Managing Director. Mr Hugar was earlier Chairman & Managing Director of Corporation Bank from April 97 to May 00. He is presently the Director Institute of banking Personnel Selection Mumbai. Mr Hugar is remembered for his dynamism in Corporation Bank, where business levels more than doubled in the three years that he was there. It is during his tenure that Corporation Bank went public and Corporation Bank was rated as the No 1 bank in the entire banking sector in the survey conducted by the The Economic Times and Business Standard, Mr Hugar would bring to bear on Global Trust bank his long years of experience in the banking industry and strategic thought.

Reliance fixes Books Closure for payment of dividend

Reliance Industries Ltd has informed BSE that the Register of Members and Transfer Books of the Company will remain closed from May 12,2001 to May 19, 2001 (both days inclusive) for the purpose of payment of dividend on Equity shares, for the financial year ended on March 31, 2001.

VSNL Q4 results on April 30, 2001

A meeting of the Board of Directors of Videsh Sanchar Nigam Ltd is scheduled to be held on April 30, 2001 to consider and take on record the quarterly unaudited financial results for the quarter ended March 31, 2001.

Jindal Online to fix record date for stock split

Jindal Online.Com Ltd has informed BSE that the meeting of the Board of Directors of the Company will be held on April 14, 2001 to fix record date for split off stock in ratio 1:10 i.e. 10 shares of Rs 1 for every one share of Rs 10 each.

Bishnauth Tea Company fixes record date for amalgamation with Eveready Industries

The Board of Directors of Bishnauth Tea Company Ltd has fixed May 15, 2001 as the record date for determining the list of shareholders who will be entitled to receive shares of Eveready Industries India Ltd (EIIL) in the ratio specified in the Scheme of Amalgamation of the Company with EIILapproved by the Hon'ble High Court at Calcutta.

R Soundararajan resigns from SPEL Semiconductor board

SPEL Semiconductor Ltd has informed BSE that Mr R Soundararajan, has resigned form the Board of Directors of the Company with effect from April 10,2001.

Moser Baer Q4 results on April 23, 2001

A meeting of the Board of Directors of Moser Baer India Ltd will be held on April 23, 2001 to take on record the unaudited quarterly financial results for the period ended March 31, 2001.

Century Textiles FY-01 results on April 30, 2001.

A meeting of the Board of Directors of the Century Textiles & Industries Ltd is scheduled to be held on April 30, 2001 to consider accounts for year ended March 31, 2001 and recommendation of Dividend payable on Equity Shares.

Nicholas to consider amalgamation of Rhone-Poulenc India

A meeting of the Board of Directors of Nicholas Piramal India Ltd has been convened on April 16, 2001 to consider amalgamation of Rhone-Poulenc India Ltd with the company.

TV 18 and moneycontrol.com to actively pool content generation capabilities

Television Eighteen (TV 18) India's premier business news and entertainment content provider has commenced the implementation its strategic intent to have greater operational integration for news and content generation between itself and its subsidiary e-Eighteen Dot Com Limited that owns the online property www.moneycontrol.com TV 18 is responsible for the management of and presently has a 49% equity stake in CNBC India the number One English news channel in India in terms of channel share The company has already been cross programming content between the CNBC India business news channel and www.moneycontrol.com. This has supported the company's endeavor to enhance its content quality, availability, and audience reach across both the disseminating platforms given the high level of compatibility between their operations Further operational integration will lead to more optimal utilisation of the content generation higher cost efficiencies and greater access to infrastructure and support resources within the organisation. As a part of this development Victor Fernandes (presently CEO e-Eighteen Dot Com) and Sangeeta Fernandes the original entrepreneurs behind www.moneycontrol.com will move from performing an executive role to an advisory role, They have also confirmed their continued support as shareholders of the company. Victor will also continue to anchor the Mutual Fund Investor show and participate as a part of the experts panel on manage the day to day operations of the business.

Mastek Q3 net falls by 99.54%

Mastek Ltd has posted a net profit of Rs 0.3 million for the quarter ended March 31, 2001 as compared to Rs 65.30 million in the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 191.40 million as compared to Rs 245.50 million in the quarter ended March 31, 2000. Commenting on the performance, Ashank Desai, Chairman, and Managing Director, said, "Our performance this quarter has been impacted largely by a drop in Revenues in the US. This has been due to two major factors - a softening in the Front-end solutions market in certain segments and a longer lead-time to close strategic out-sourcing accounts that the company has targeted."

Nicholas to consider amalgamation of Rhone-Poulenc India

A meeting of the Board of Directors of Nicholas Piramal India Ltd has been convened on April 16, 2001 to consider amalgamation of Rhone-Poulenc India Ltd with the company.

Rhone-Poulenc to consider amalgamation with Nicholas Piramal

A meeting of the Board of Directors of Rhone-Poulenc India Ltd has been convened on April 16, 2001 to consider amalgamation of the company with Nicholas Piramal Ltd.

Jindal Worldwide board to fix record date for stock split

A meeting of the Board of Directors of Jindal Worldwide Ltd will be held on April 14, 2001 to fix record date for split off stock in ratio of 1:10 i.e. 10 shares of Rs 1/- for every one share of Rs 10/- each as per special resolution passed at EGM of the company held on March 21, 2001.

KPIT Infosystems MQ 01 net at Rs 8.92 million, FY-01 million net at Rs 35.05 million

KPIT Infosystems Ltd has posted a net profit of Rs 8.92 million for the quarter ended March 31, 2001 as compared to Rs 1.02 million in the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 143.03 million as against Rs 86.64 million posted in MQ 2000. The net profit for the year ended March 31, 2001 is at Rs 35.05 million as compared to a net loss of Rs 8.55 million in the financial year ended March 31, 00. Total Income for the year ended March 31, 2001 is at Rs 391.38 million as compared to Rs 322.42 million in the previous financial year. The Company has changed its financial year from July-June to April- March. Accordingly the financial results of the current year (9 months) are not comparable with the previous year's financial results (12 months). During the year, the top client contributed 14% of total revenue, repeat customers contributed 76 % of total revenue and the revenue from the non US markets was 62%.

Sun Pharma Q4 results on April 19, 2001

A meeting of the Board of Directors of Sun Pharmaceuticals Ltd has been convened on April 19, 2001 to take on record the un-audited financial results of the company for the quarter ended March 31, 2001.

DSQ Software to renegotiate deal with San Vision

DSQ Software Ltd has informed BSE that the acquisition deal with San Vision Technologies is being renegotiated on account of the slow down in USA economy, which has impact on USA Software companies and the sliding trend in Indian Stock Market. In order to facilitate the relaxation of consideration discussions are being continued from the company's side.

Wockhardt Q1 results on April 24, 2001

Wockhardt Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to held on Tuesday, April 24, 2001 for approval of unaudited results of the Company for the quarter ended March 31, 2001.

Voltas approves amalgamation of Voltas International

Voltas Ltd has informed BSE that the Board of Directors of the company has approved, subject to necessary approvals, amalgamation of Voltas International Ltd., a wholly owned subsidiary of the company, with the company. VIL,operating as the international arm of Voltas Ltd., for the last two decades, has established itself in the international market as a leading electro-mechanical turnkey project contractor and has an impressive record of having executed multi million dollar electro-mechanical projects in diverse geographical locations abroad, such as - Nepal, Malaysia, Hong Kong, Tanzania, Mauritius, UAE, Bahrain, Oman, Saudi Arabia, Russia, Uzbekistan, Kazakhstan, Tajikistan and Belarus. Further, the Board has appointed Mr. A. Soni, an E.D of the company as the Dy. Managing Director effective October 27, 2001 upon the retirement of Mr.N.D.Khurody, and Mr. Ravikant has been appointed as Director of the company w.e.f. April 10, 2001 in the casual vacancy earlier caused by the resignation of Mr. N. A. Soonawala.

Hughes Software posts 84.17% rise in Q4 net profits, posts 66.84 % rise in FY-01 net profit profit

Hughes Software Systems Ltd has posted a net profit of Rs 221 million for the quarter ended March 31, 2001 as compared to Rs 120.00 million in the corresponding period last fiscal. Total Income for the quarter ended increased from Rs 343.00 million in MQ 2000 to Rs 645.00 million in the quarter ended March 31, 2001. Net profit for the financial year ended March 31, 2001 stood at Rs 629.00 million as compared to Rs 377.00 million in the corresponding period last fiscal. Total Income for the financial year ended March 31, 2001 is at Rs 2095.00 million as compared to Rs 1107.00 million in the financial year ended March 31, 00 showing an increase of 89.25% as compared to the previous financial year. The Board of Directors in their meeting held on April 12, 2001 recommended a dividend of 40% subject to the approval of shareholders.

Fag Bearings Q1 net profit up by 69.60%

Fag Bearings India Ltd has posted a net profit of Rs 51.90 million for the quarter ended March 31, 2001 as compared to Rs 30.60 million in the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 580.90 million as compared to Rs 490.70 million in MQ 2000.

NIIT Q2 results on April 19, 2001

A meeting of the Board of Directors of NIIT Ltd. will be held on April 19, 2001 to take on record the Unaudited Financial Results for the quarter ended March 31, 2001.

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