Aksh Optifibre bags BSNL order

Aksh Optifibre Ltd has informed BSE that the Company has been awarded an Advanced Purchase Order (APO) valued at Rs.600/- million from Bharat Sanchar Nigam Ltd (BSNL) (formerly DoT) for supply of 4600 KM of 12 Fibre Cable and 400 KM of 24 Fibre cable. The L1 price which was quoted by Aksh Optifibre was Rs. 1,03,500 per Km for the 12 Fibre and Rs.1,83,600 per Km for the 24 Fibre Cable. These prices are 90% higher than the last year's price quoted by the Company, still the Company has emerged as the lowest bidder. The delivery for the above order will start immediately and would be completed by March 31, 2001. With the completion of this order, Aksh would be the largest supplier to BSNL this financial year. Currently, majority of Aksh's business is derived from BSNL and amounts upto 70% of the total turnover of its business.

McDowell Q3 results on Jan 19, 2001

A meeting of the Board of Directors of Mc Dowell & Co. Ltd is scheduled to be held on January 19, 2001 to consider the Unaudited Financial Results of the Company for the quarter ended December 31, 2000.

Tudor India Board allots shares to CMP Batteries at Rs.20.31 per share

The Board of Directors of Tudor India Ltd, at its meeting held today (January 9, 2001) has allotted 8,616,445 equity shares at Rs.20.31 (Face Value Rs.10/- at a premium of Rs.10.31) per share to CMP Batteries Ltd, UK in discharge of the liability towards Deferred Payment credit to the extent of Rs 175 million. Consequently, the shareholding of CMP Batteries Ltd in Tudor India has increased to 20,588,301 (83.63%) from 11,969,856 (74.81%) equity shares of the Company.

Kochi Refineries DQ 2000 results on Jan 22, 2001

The Board of Directors of Kochi Refineries Ltd will meet on January 22, 2001 to take on record the unaudited financial results for the quarter ended December 31, 2000.

Chennai Petro Q3 results on Jan 18, 2001

A meeting of the Board of Directors of Chennai Petroleum Corporation Ltd is scheduled to be held on January 18, 2001 to consider and take on record the unaudited financial results for the quarter ended December 31, 2000.

Titan Industries Q3 results on January 27, 2001

A meeting of the Board of Directors of Titan Industries Ltd is scheduled to be held on January 27, 2001 to consider the Unaudited Financial Results of the Company for the third quarter ended December 31, 2000.

Global Tele-Systems Board approves allotment of shares to shareholders of Fine Infotech

The Board of Directors of Global Tele-Systems Ltd, at its meeting held today (January 09, 2001) has approved the allotment of 50,000 equity shares of Rs.10/- to the shareholders of Fine Infotech Ltd, at a premium, in terms of the scheme of acquisition of the business of the said Company. The premium is to be decided as per the Guidelines issued by SEBI. The Board has also approved the appointment of Prof. S.C. Sahasrabudhe, earlier Dy. Director of I.I.T., Mumbai as Chief Technical Officer (Whole-time Director) of the Company with effect from January 01, 2001.

Sheth-Mahindra Consortium and Dalmia Group reach amicable settlement on Gesco

The Sheth-Mahindra consortium on January 09, 2001 has reached an amicable settlement with Dalmia Group. Under the settlement Mahindra Realty and Infrastructure Developers Ltd has purchased the 10.5% shares of the Dalmia Group in Gesco Corporation Ltd at a price of Rs.54/- per share. The purchase has been made on a spot delivery basis. The joint stake of the Sheth-Mahindra consortium now is close to 30% (MRIDL 17% and Sheth 13%). After the successful completion of the open offer, the consortium is expected to have close to 65%of the paid up equity capital of Gesco Corporation. Consequently, the price payable the shareholders of Gesco under the Sheth-Mahindra open offer will now be Rs 54 per share. Commenting on the settlement, a Mahindra Realty spokesperson said, "We are pleased with the settlement as we have been able to acquire the shares at a price slightly lower than its current book value. Our efforts will now be to maximise shareholder value by building on the synergies of Gesco and Mahindra Realty." Mr. Ghanshyam Sheth, MD, Gesco Corporation said, "I am delighted that the whole episode is behind us. This has been possible by the apt handling of the whole issue by Mahindra Realty and the good counsel of Kotak Mahindra."

Mukta Arts denies raid rumours

In a communication to the BSE, Mukta Arts Ltd has informed that there are rumours about CBI and Income Tax raids on the Company in some media and websites. The company has denied these rumours saying they are purely baseless and are totally false.

Tata Elxsi Ltd Board meeting on Jan 23, 2001 to consider Q3 results

A meeting of the Board of Directors of Tata Elxsi Ltd is scheduled to be held on January 23, 2001 to consider the unaudited financial results of the Company for the quarter ended December 31, 2000.

HDFC Q3 results on Jan 18, 2001

A meeting of the Board of Directors of Housing Development Corporation Ltd (HDFC) is scheduled to be held on January 18, 2001 to consider and take on record the financial results of the Company for the quarter ended December 31, 2000.

HLL clarifies on news article

With reference to news item appearing in a leading financial daily "HLL plans foray into confectionery business" Hindustan Lever Ltd, in a communication to the BSE has stated that the Company is merely in the progress of identifying the Confectionery business as one of the areas of potential growth and this has been taken up for a more detailed examination and evaluation by the Company. The Company has clarified that depending upon the outcome of this exercise, the Company may or may not decide to enter this line of business and the report in the financial daily is clearly speculative in character. HLL has further clarified that any decision in this regard will not have any impact on the Company's overall operations and performance.

ICICI Board meeting on Jan 25, 2001 to consider Q3 results

The meeting of the Board of Directors of ICICI Ltd is scheduled to be held on January 25, 2001 to consider and take on record and approve the audited accounts of the Company for the third quarter ended December 31, 2000.

Sterlite Industries to consider hiving off of Power Transmission division

The Board of Directors of Sterlite Industries Ltd is scheduled to meet on January 11, 2001 to consider the hiving off of the Power Transmission Line Aluminium Conductor division of the Company to a wholly owned subsidiary of the Company. The above meeting is also to consider and approve the unaudited financial results of the Company for the second quarter ended December 31, 2000.

L&T receives 2 new business orders

Larsen & Toubro Ltd. has informed BSE that the company has recently received orders in the roads and bridges sector for construction of Orissa Road Package worth Rs 2.84 billion and Calcutta Flyover worth Rs 1.78 billion.

Suven Pharma to issue shares on preferential basis

The Board of Directors of Suven Pharmaceuticals Ltd. has decided to issue 0.40 million equity shares of Rs 10/- each to M/s. Borregaard Industries Ltd, Norway at Rs 250/- per share on preferential basis. The Board has also decided to issue equity shares of Rs.10/- each and/or FCDs of Rs.100/- each of the company together (i.e. equity shares directly issued plus equity shares issued on conversion of FCDs) upto 0.60 million equity shares at a price not lower than as per SEBI Guidelines. The proposed allottees may be Bodies corporates incorporated in India or abroad, FIs, MFs, Banks, Resident or NRIs, OCBs, Private equity investors, FIIs, etc. The above decisions of the Board are however, subject to the necessary approvals. The Extraordinary General Meeting of the Company will be held on February 06, 2001.

Sterlite clarifies on news item

With reference to news item appearing in a leading daily Sterlite Industries India Ltd. has informed BSE that the company has expressed an interest in Madras Fertilizers. The company further states that there is an expression of interest and should not be construed as an offer or that any definitive agreement has been reached between the two parties. Sterlite has stated there are several opportunities which are in various stages of due diligence, but the company has not concluded any transaction.

Amara Raja Batteries Q3 results on Jan 25, 2001

A meeting of the Board of Directors of Amara Raja Batteries Ltd is scheduled to be held on January 25, 2001 to consider and take on record the Un-audited Financial Results of the Company for the third quarter ended December 31, 2000.

HCL Infosystems Q3 results on Jan 17, 2001

The Board of Directors of HCL Infosystems Ltd is scheduled to meet on January 17, 2001 to consider and take on record the Unaudited results of the Company for the quarter ended December 31, 2000.

LIC Housing Q3 2000 results on Jan 24, 2001

A meeting of the Board of Directors of LIC Housing Finance Ltd is scheduled to be held on January 24, 2001 to consider unaudited financial results for the third quarter ended December 31, 2000.

P I Industries Board to consider redemption of preference shares

The meeting of the Board of Directors of P I Industries Ltd is scheduled to be held on January 19, 2001 to approve redemption of 175000 12.5% cumulative redeemable preference shares of Rs.100/- each issued to IDBI Bank Ltd and to approve pro-rata interim Dividend on Preference Shares. The above meeting is also to consider and take on record the Unaudited Financial Results for the third quarter ended December 31, 2000.

Telco discusses Co-operative Venture with PSA Peugeot Citroen

Tata Engineering & Locomotive Co Ltd (Telco) has informed BSE that the Company and PSA Peugeot Citroen have agreed to work together to examine the feasibility of jointly developing a car on a PSA Peugeot Citroen platform for manufacture by Tata Engineering for the Indian market as part of its passenger car business. Subject to feasibility being established, the car may also be considered for overseas market. PSA Peugeot Citroen is Europe's second largest carmaker and would contribute one of its existing platforms for the development of a newer generation car and its expertise in designing world class passenger cars. Tata Engineering will contribute its competitive development technology and production processes as well as its understanding of the local market. The two companies have agreed to complete the feasibility study over the next six months.

Exide Industries Q3 results on January 20, 2001

A meeting of the Board of Directors of Exide Industries Ltd is scheduled to be held on January 20, 2001 to consider the Unaudited Financial Results for the quarter ended December 31, 2000.

Dabur India Q3 results on Jan 25, 2001

A meeting of the Board of Directors of Dabur India Ltd is scheduled to be held on January 25, 2001 to consider the Unaudited Financial Results of the Company for the quarter ended December 31, 2000.

Novartis India Q3 results on Jan 18, 2001

The Board of Directors of Novartis India Ltd will meet on January 18, 2001 to consider the unaudited results for the current years third quarter ended December 31, 2000.

Exide Industries Q3 results on January 20, 2001

A meeting of the Board of Directors of Exide Industries Ltd is scheduled to be held on January 20, 2001 to consider the Unaudited Financial Results for the quarter ended December 31, 2000.

Escorts Q3 results on January 25, 2001

A meeting of the Board of Directors of Escorts Ltd is scheduled to be held on January 25, 2001 to consider and take on record the Unaudited Financial Results for the third quarter ended December 31, 2000.

Mahindra Realty acquires 10.5% stake of Gesco from Dalmia Group at Rs.54/- per share

Mahindra Realty & Infrastructure Developers Ltd has informed BSE that the Company has purchased 10.5% stake in Gesco Corporation Ltd from the Dalmia Group. The shares have been acquired at a price of Rs.54/- per share. Consequently, the price payable to shareholders of Gesco under the Sheth-Mahindra open offer will now be Rs.54/- per share.

Amtek India to issue shares on preferential basis

The Board of Directors of Amtek India Ltd. has decided to issue 24,39,000 equity shares at Rs 60/- per share (Face Value Rs 10/- plus Rs 50/- premium) to promoters and their relatives, friends, associates and associate companies by way of preferential offer on firm basis.

Vijaya Bank to list on BSE from Jan 09, 2001

BSE has informed its Members that the equity shares of Vijaya Bank will be listed on the exchange from January 09, 2001. The dealings will be done on the Exchange in the list of Non-Specified securities under Group B1.

S.Bora acquires 10% stake in Laffans Petrochemicals

Laffans Petrochemicals Ltd has informed BSE that Mr. Sourabh Bora has acquired more than 10% stake in the Company. The Company has also received intimation from Mr.Babulal R.Dolawat stating that he has acquired 5% of the paid up capital of the Company from the secondary market route.

Bhagyanagar Metals buys back 7,50,000 equity shares

Bhagyanagar Metals Ltd. has informed BSE that the Company has bought back 7,50,000 Equity Shares at a price of Rs 80/- per share from the existing equity shareholders of the Company.

Carborundum Universal buys back 27,67,800 equity shares

Carborundum Universal Ltd has informed BSE that the Company has bought back 27,67,800 equity shares at a price of Rs.115/- per share from the existing equity shareholders of the Company.

Mascon Global postpones issue of securities on preferential basis

In the Board Meeting held today (January 8, 2001),the Board of Directors of Mascon Global Ltd did not consider the Issue of Shares /Opening of Subscription on preferential Basis for the resolution passed by the Members in their Extra Ordinary General Meeting held on October 11,2000 due to prevailing capital market conditions. Earlier the Board of Directors of Mascon Global Ltd had approved the issue of Securities on Preferential Basis to FIIs, Non- Resident Indians, Resident lndians, Body/s Corporate, OCBs and Pension Funds by way of Issue of Warrants, Shares FCDs and other Securities to the extent of Rs l500 million. The Board had approved the issue of Securities by way of GDR, ECB. FCCB, ADR and SPN to Flls, Non-Resident Indians, Body/s Corporate, OCBs and Pension Funds to the extent of US $ 150 million (US Dollar One Hundred and Fifty Million Only). The Board recommended the above resolutions for the approval of Members in their Extra Ordinary General Meeting, which is convened on February 05, 2001 at Chennai.

Cadila Healthcare granted license to manufacture "Penegra"

Zydus Cadila, is all set for the introduction of the Indian version of the international blockbuster drug Sildenafil citrate for the treatment of Erectile Dysfunction (ED) in men. Zydus Cadila has received permission from the authorities to introduce 25mg, 50mg & lOOmg tablets under the brand name PENEGRA. This product offers hope to the estimated 40 million Indian men suffering form ED. Zydus Alidac has already launched a web portal (www.penegra.org.) for information and education on medical issues related to sex, especially ED and its treatment. With one in three men suffering silently from ED, PENEGRA & www.penegra.org will certainly be welcomed by the medical community & the patient community alike. ED, popularly known as "impotence" and medically defined as the inability to achieve & maintain penile erection sufficient to permit satisfactory sexual intercourse' can be a natural consequence of ageing. With the increase in life expectancy and the consequent 'greying of the human population', magnitude of this problem is slated to rise. As sexual health is considered an integral part of one's quality of life, the availability of a solution to the problem of ED will have a very significant social impact, as has already happened in the west. Other causes of ED include diseases such as diabetes, hypertension and diseases of blood vessels. Prolonged treatment with drugs like antihypertensives & antidepressants can also cause ED as a side effect. The light blue coloured, diamond shaped tablets of PENEGRA shall be available in packs of 4 tablets. Each pack will also contain answers for frequently asked questions, for the benefit of the patients, Cadila Healthcare Ltd is going to manufacture in-house the key ingredient -sildenafil citrate. The tablets will be manufactured at the new state of the art formulation plant located near Ahmedabad. Bio-equivalence studies have already confirmed PENEGRA to be comparable to the international standards. With PENEGRA, the first oral treatment for ED will be within the reach of the Indian man.

Infosys Q3 net up by 125.41%, sales up by 137.21%

Infosys Technologies Ltd has reported a net profit of Rs.1663.30 million in quarter ended December 31, 2000 as against Rs. 737.90 million in the corresponding period last fiscal. Sales increased from Rs. 2264.10 million in the quarter ended December 99 to Rs.5370.70 million in December 2000; up by 137.21%. Other Income has increased by 103.51%; up from Rs.71.10 million in DQ 99 to Rs. 144.70 million in DQ 2000. Other Income rise is primarily due to increase in Interest income from Rs.77.20 million in DQ 99 to Rs.110.3 million in the quarter ended December 31, 2000. Exchange difference in the current quarter which is included in other income is Rs.34.40 million. Staff Costs have increased by 131.6% from Rs. 862/- million in DQ 99 to Rs. 1996.40 million in DQ 2000. During the quarter ended December 31, 2000, the Company issued 1,200 equity shares pursuant to the exercise of stock options by certain employees. During the quarter ended December 31,2000, EC Cubed Inc a US based provider of B2B e Commerce solutions in which Infosys had made a strategic investment, filed for liquidation. Pending the conclusion of liquidation proceedings the company has provided for the entire amount invested amounting to Rs. 130.8 million, in its income statement. The Board of Directors of the Company has Co-opted Sen. Larry Pressler, Former Senator, US Senator and presently an Attorney and Senior Partner in O'Connor and Hannan LLP, as an Additional Director of the Company with effect from January 09, 2001. Larry Pressler will hold office up to the date of the next Annual General Meeting, when his appointment as a Director will be placed before the members in the AGM for their approval.

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