Alembic to consider the scheme of merger of Bulk-drug unit of M/s Darshak

A meeting of the Board of Directors of Alembic Ltd. is scheduled to be held on April 25, 2001 to consider the draft scheme of merger/amalgamation of Bulk-drug unit of M/s. Darshak Limited with the Company. The said merger/amalgamation is subject to the approval of shareholders, High Court and other authorities. At the aforesaid meeting, the Board will also consider the exchange ratio of equity issue in relation to the abovementioned merger.

SmithKline Beecham Pharma appoints new Director

SmithKline Beecham Pharmaceuticals has informed the BSE that at its Board Meeting held on April 17,2001 Mr. Mehernosh Kapadia Director Finance of Glaxo India Limited was appointed as Director of the Company.

Ranbaxy Q1 results on Apr 30, 2001

A meeting of the Board of Directors of Ranbaxy Laboratories Ltd is scheduled to be held on April 30, 2001 to consider and take on record the unaudited financial results of the Company for the quarter ended March 31, 2001. The Board will also consider recommendation of dividend on equity shares of the Company for the year ended December 31, 2000. The audited accounts for the year ended December 31, 2000 will also be considered at the aforesaid meeting of the Board.

SmithKline Beecham Pharma Q1 net up by 28.56%

SmithKline Beecham Pharmaceuticals Ltd has posted a net profit of Rs 51.15 million for the quarter ended March 31, 2001 as compared to Rs 39.76 million in the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 731.82 million as compared to Rs 704.59 million in MQ 2000. The Court-convened meetings of Equity shareholders and of Unsecured Creditors were held on April 17, 2001 for approval to the Scheme of Arrangement for the amalgamation of the Company with Glaxo India Ltd. The results of the poll will be available at the Registered Office of the Company within 48 hours of the conclusion of the respective meetings.

UTI holding in Infosys at 8.39%

Infosys Technologies Ltd has informed the BSE that the Unit Trust of India's (UTI) holding in Infosys Technologies has gone up to 8.39% of the paid up capital of the company. UTI holds 7.49% of the equity under the domestic funds and 0.9% under its offshore funds category. The said holding by UTI was as on March 31, 2001.

Infosys Banking Business Helpdesk is now 24*7*365

The Banking Business Unit of Infosys Technologies Limited announced that their customer support helpdesk has become 24x7x365 In a move to cater to customer requests from around the world, the helpdesk which until recently offered support only between 9 a.m and 9 p.m (IST) became 24x7x365 with effect from 1st April 2001. Making the announcement Mr Haragopal M Senior Manager and Head Professional Services Group stated The 24x7x365 support coupled with the online Knowledge base facility Techonline will ensure the uninterrupted support and comfort feel to all our customers across the time zones. Mr Girish G Vaidya Senior V.P and Head Banking Business Unit in his comment reiterated the need for a global helpdesk. As the product goes global across 43 banks in 14 countries round the clock support becomes a necessity. This step will assure our customers that they can count on our support all the time. This is particularly important in a mission critical banking application.

Welspun-Guj Stahl wins 48 kms major pipeline project in US

Welspun-Gujarat Stahl Rohren Ltd has informed BSE that it has won a contract for supplying Pipes for 48 kms, Pipeline Project for Dow Chemical Company, a prestigious Chemical Company in United States of America, through their US associates M/s Lone Star Steel Company. This is the first major order of this size received by any company in India from US. "We faced stiff competition from US & European Mills, yet we won. The investments, we made in world class technology is now paying off. Our technical superiority has come through in one of the most competitive markets." said Mr. B K Goenka, Vice Chairman, Welspun Gujarat Stahl Rohren Ltd. Welspun Gujarat Stahl Rohren Ltd. within a short span of time has carved a niche for itself as major global player in Larger Diameter pipe manufacture. It has already got approval with most of the world majors. Welspun has successfully executed export orders for US and China recently. Welspun is presently engaged in supply of 157 kms. Dahej-Hazira-Dahej Pipeline to M/s Dodsal Ltd for IPCL. Welspun's LSAW mill, near Dahej(Gujarat), makes heavy wall Sub-merged Arc Welded Pipe. The mill is equiped with world's best technology and is capable of making pipes in diameter upto 60 inch and wall thickness in excess of 2.5 inch. The end uses are large diameter Oil and Gas pipelines including offshore pipelines, conductor casings and structural applications. Welspun has also set up and state-of-the-art facility for pipe coating in JV (50:50) with world leaders, Eupec Pipecoatings of Germany. The plant is located adjacent to Welspun's Pipe Mill and is considered as one of the best of Pipe Coatings. The plant has been approved by M/s Engineers India Ltd

Pfizer clarifies on news item

With reference to news item appearing in a financial daily "Pfizer considering sale of its No3 brand Protinex" Pfizer Ltd has informed BSE that the review of products and strategies is an ongoing process and there is nothing in the offing.

Bajaj Auto FY-01 results on May 7, 2001

A meeting of the Board of Directors of Bajaj Auto Ltd has been convened on May 07, 2001 to consider the audited statements of accounts for the financial year ending March 31, 2001 and dividend on equity shares for the year. Since the company will publish the audited results for the year ended March 31, 2001 within a period of 3 months from the end of the last quarter the company will not publish the unaudited financial results for the fourth quarter ending March 31, 2001.

Kochi Refineries to publish audited financial results by June 30, 2001

Kochi Refineries Ltd has informed BSE that the company will publish the Audited financial results for the year ended March 31, 2001 within a period of 3 months from the quarter ending March 31, 2001.

Polychem to reduce equity capital

Polychem Ltd. has informed BSE that the Board of Directors in their meeting held on April 16,2001 considered the reduction of equity capital. It is proposed to reduce the present paid-up equity capital of Rs 16,16,18,080/- to Rs 40,40,450/- i.e. existing shareholders be allotted 1 equity share of Rs 10/- each as fully paid-up in lieu of every 40 equity shares of Rs 10/- each held by the shareholder on the effective date. The reduction of capital will be subject to necessary approvals including of Board for Industrial & Financial Reconstruction (BIFR), in accordance with the provisions of Section 18 (2) (f) of the Sick Industrial Companies (Special Provisions) Act, 1985.

Indian Software major Satyam sets up Asia-Pacific Headquarters in Singapore

Satyam Asia Pte Ltd (Satyam Asia) today (April 16, 2001) announced the opening of their Asia Pacific Headquarters in Singapore. Mr Ko Kheng Hwa, Managing Director Singapore Economic Development Board (EDB) inaugurated the office in the presence of Satyam Chairman Mr B Ramalinga Raju and Mr P P Shukla High Commissioner for India to Singapore Satyam Asia is a subsidiary of Satyam Computer Services Ltd (Satyam),India's fourth largest software services company. The new center will spearhead Satyam's growth in the Asia Pacific region covering ASEAN, North China and Australia -New Zealand, Satyam has more than 50 customers in the region over 20 of them Singapore based. From Singapore Satyam will provide comprehensive End to End IT solutions to meet the diverse needs of its clients in Asia Pacific. The Singapore office has already executed projects for telecom companies in Taiwan, banks in Hongkong and a diverse range of global corporations such as Dupont, Royal Sun Alliance, Alcatel, Citibank and CGU in Singapore. This office will represent Satyams diverse skills in the area of telecom, billing embedded software, and packaged software platforms such as Ariba/Vignatte/SAP/Oracle/12/Siebel. The development center will emphasize web-based applications and Enabling for large brick & mortar corporate customers Said Mr Virender Aggarwal, Vice President, Satyam Computer Services and Director Satyam Asia: "Satyam in Singapore has grown from just five people to around 100 professionals in just a few months, Today we have more than 200 people in the Asia pacific region. We believe that we are the only major Indian Software Company to have invested in infrastructure in Singapore. Apart from acting as the Asia Pacific headquarters, we also have an offsite software development center here."

Sesa Goa to publish FY-01 results before May 31, 2001

Sesa Goa Ltd has informed BSE that a meeting of the Board of Directors will be held before May 31, 2001 to take on record Audited results for the year ended March 31,2001 and the exact date of the Board Meeting will be intimated in due course.

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