Sanwaria Agro Oils Board to consider subdivision of equity shares

Sanwaria Agro Oils Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 23, 2002 to consider the following: 1. To fix the date for EGM of the Company for the purpose of subdivision of equity shares of the Company. 2. To take on records fourth unaudited quarterly financial results for the quarter ended March 31, 2002

Infosys announces Progeon, its BPM venture; Citigroup Investments to invest US$ 20 million

Infosys Technologies Ltd today (April 16, 2002) announced the launch of its BPM venture, called Progeon Ltd, a Company in which it would hold a majority stake. Infosys has also acquired additional funding of US$ 20 million from Citigroup Investments for Progeon. Infosys had announced its plans to start a BPM initiative, at the declaration of its annual results last week, with an investment of US$ 5 million. The Company will currently operate out of Infosys' state-of-art facilities at Bangalore. Together, Progeon and Infosys will offer their clients a complete cost-effective solution based on service and technology outsourcing. Phaneesh Murthy, Infosys Board member and Head Worldwide Sales & Marketing said, "We Welcome Citigroup Investments as an investor and we see this as a great partnership." Infosys is a leading brand in India and this is a significant investment for us, said Robert Druskin Executive Vice President- Chief Operations & Technology Officer, Citigroup. " We already have a business relationship with Infosys, which we are happy with and it was logical for Citigroup Investments to build upon the existing relationship with Infosys by investing in Progeon."

Nordstrom partners with Infosys to install complex financial system

Infosys Technologies Ltd. today (April 16, 2002) announced its partnership with Nordstrom to install and launch an Oracle Financial system that increases flexibility and back-office efficiencies. Nordstrom Inc., a leading fashion specialty retailer that celebrated its 100th anniversary last year, was eager to replace its outdated financial system and build a foundation for future growth. Based on Infosys' proposal and the level of trust that exists between the two companies after having worked together for more 10 years, Nordstrom decided to make Infosys its implementation partner in August 2001. Infosys' proposal shared the risk and promised a fixed price/fixed timeline implementation. Nordstrom used Infosys's IntERpryz Package Implementation methodology to form synergies among the team and ensure a successful implementation The new financial system provides Nordstrom a foundation for better controls and rules, including a more manageable chart of account and reporting flexibility. This system is also a foundation for integration with the Retail Inventory and Merchandising systems, a key milestone in Nordstrom's business transformation. "Infosys' extensive knowledge of our business and IT processes helped deliver this product on time," said Mike Koppel , CFO of Nordstrom. "While the program posed numerous challenges and required learning and understanding a complex new system for our employees, Infosys' Organization Change Management Methodology, training and documentation ensured a successful transition when we rolled out this system. "The relationship we have with Nordstrom allows us to showcase our best practices and deliver business transformation solutions that leverage our people and our program management skills," said Phaneesh Murthy Infosys Board member and Head of worldwide sales and marketing. "We are proud to offer Nordstrom our Global Delivery Model to help ensure it another 100 years of success."

Paresh Khandwala appointed as CMD of Khandwala Securities

Khandwala Securities Ltd has informed BSE that Mr.Paresh J. Khandwala has been appointed as the Chairman and MD of the company.

Philips India Q1 results on April 26, 2002

Philips India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2002 inter alia to consider the Unaudited Financial results (Provisional) of the Company, for the first quarter ended March 31, 2002.

Max India no longer an NBFC

Max India Ltd informed BSE that the Company has received a letter from Reserve Bank of India (RBI) cancelling the Certificate of Registration issued in its favour to carry on the business of a Non Banking Financial Company (NBFC). The Company will no longer be an NBFC.

CRISIL FY-02 results on April 26, 2002

A meeting of the Board of Directors of Credit Rating Information Services of India Ltd will be held on April 26, 2002 to consider the audited financial results and recommend dividend for the year ended March 31,2002.

Trent FY-02 results by June 30, 2002

Trent Ltd has informed BSE that the company will be publishing the Audited Accounts for the financial year ended March 31, 2002 within the three months period (ie by June 30, 2002) and the unaudited results for the quarter ended March 31, 2002 will not be published.

Indian Hotels clarifies on news item

With reference to the news item appearing in a leading financial daily titled "Taj group eyes 25-30% stake in Regent Hotel" Indian Hotels Company Ltd has informed BSE that the Company has been exploring numerous proposals for acquisition of suitable hotel properties in keeping with the Company's strategy in this regard. The Company has further informed that the Board of Directors of the Company has not yet taken any decision with regard to the said property.

GlaxoSmithKline Pharma denies news item

With reference to the news article appearing in a leading financial daily titled "Merger in sight; Glaxo, Burroughs up" GlaxoSmithKline Pharmaceutical Ltd has informed BSE that the Company has not made any statement regarding a likely merger of Burroughs Wellcome India Ltd with the Company.

E Merck announces Voluntary Retirement Scheme

E Merck India Ltd has announced a Voluntary Retirement Scheme (VRS) to the bargainable employees working in Head Office, Atur House, and Swastik Chambers as per the following terms and conditions. Eligibility Employees who have completed minimum 10 years of service with the company or are of 40 years or more of age and Employees who are on the payroll of the company on April 30, 2002. Duration This scheme shall be open to the eligible employees from April 22, 2002 to April 30, 2002. Voluntary Retirement Scheme compensation: Employees opting for this scheme shall be eligible for the following benefits. Approved voluntary retirement scheme compensation: As per approved VRS employees will be paid the least of the following: 1. An amount equivalent to number of completed years of service x 3 x (Basic+DA+FDA) or 2. Salary for balance months of remaining service or 3. Rs 5,00,000/- Additional compensation In addition to the above compensation the employees opting for this scheme and having remaining period of service more than 24 months shall be paid an additional compensation of Rs 3,50,000 (net of Taxes) This is only an announcement and not an offer. The management reserves the right to accept or reject any application under this scheme. For the calculation of remaining months of service the starting date will be May 01, 2002 and completed months only will be considered. In case of dispute regarding the interpretation of any of the terms and conditions detailed in the scheme, the decision of the management shall be final and binding.

Surat Electricity clarifies on news item

With reference to the news article appearing in a leading financial daily titled "Surat Electric up 32% in 5 days" Surat Electricity Company Ltd has informed BSE that the Company has obtained a No Objection Certificate from the Gujarat Electricity Board (GEB) and not from Government of Gujarat. This was obtained as far back as October 2000 and hence cannot be construed to have any linkage with the current fluctuations in the prices. The Company has further informed that no specific discussions have been held with any party for strategic investments in the proposed Power Project. The Company denies any responsibility, directly or indirectly, for the reported increase in the share price of the Company.

Cadila Healthcare FY-02 results by June 30, 2002

Cadila Healthcare Ltd has informed BSE that the Company will publish audited results within a period of 3 months from the end of the last quarter of financial year i.e. by June 30, 2002 and hence unaudited results for the last quarter of financial year i.e. March 31, 2002 shall not be published.

Aptech Q1 results on April 26, 2002

Aptech Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2002 for considering inter alia the unaudited financial results for the Quarter ended March 31, 2002.

Satyam Partners with Mercator to provide High-End business integration solutions

Satyam Computer Services Ltd today (April 17, 2002) announced a strategic global alliance with Mercator Software Inc, Australia a premier provider of business integration technology. As part of the alliance, Satyam will recommend and offer implementation and consulting services to global customers for complex integration projects using Mercator Integration Broker solutions. "This alliance broadens the market opportunity for Mercator and enables both parties to deliver successful implementations that provide clients with business solutions that solve critical integration requirements based on an open and flexible future proof architecture" said Mark Register, President Mercator International "We are confident that this collaboration with Satyam will yield tremendous benefits for both parties."

Infotech Enterprises strengthens growth engine with key management addition

Infotech Enterprises Ltd has informed BSE that Mr Sudhir Sethi joins Infotech's executive management team as President & Executive Director responsible for sales & marketing, corporate and M&A strategy. Mr Sudhir's mandate at Infotech will be to drive organizational growth through the enhancement of existing growth areas and developing potential opportunities. His specific responsibilities will include global sales and marketing; developing business alliances: and deriving and implementing corporate growth strategies both organic and M&A driven.

Carborundum Universal's sale of electrocast refractories undertaking complete

Carborundum Universal Ltd has informed BSE that pursuant to the approval of the shareholders accorded on December 20, 2001, the Electrocast Refractories Business of the company including the unit at Palakkad, Kerala has been sold and transferred to SEPR Refractories India Ltd (part of the Saint-Gobain Group) effective today (April 17, 2002) for a total consideration of Rs 293 million excluding the value of Net Working Capital which is based on the actual value as on April 17, 2002.

Telco clarifies on news item

With reference to the news article appearing in a leading financial daily titled "Telco Shifts Gear" Tata Engineering & Locomotive Company Ltd (TELCO) has informed BSE that the Company is in a dialogue with Iran Khodro for exploring business opportunities for its car range and these are at a very preliminary stage.

Pentamedia Graphics FY-02 results on April 24, 2002

A meeting of the Board of Directors of Pentamedia Graphics Ltd will be held on April 24, 2002 to consider and approve interalia the Audited Financial results for the financial year ended March 31, 2002.

Orchid goes live on SAP ERP

Orchid Chemicals & Pharmaceuticals Ltd., the Chennai based pharma major today (April 17, 2002) announced that it has gone live on its SAP ERP implementation. The Company has completed its implementation phase and is now running the modules across the organisation. After extensive evaluation, Orchid selected the SAP ERP solution and embarked on the implementation activity in September last year. Orchid has completed implementation and has gone live one and a half months ahead of the targeted time frame of 8 months. The SAP initiative at Orchid is code named Project OMEGA (Orchids Management of Enterprise resource planning project through Group work to Achieve success). Since Orchid has been technology savvy and had the basic IT backbone in place, the investment has been limited to licensing costs, consulting charges and intra-locational networking requirements. Siemens has been the implementation partner while SAP has been the technology partner for this exercise.

Centurion Bank announces change in management structure

Centurion Bank Ltd has informed BSE the following changes in Board of Directors of the Bank: 1. Mr D. Ahuja, Mr V S Srinivasan and Mr Satish Kaura have resigned as Directors of the Bank. 2. Mrs Kanta Ahuja, Alternate Director to Mr Satish Kaura has ceased to hold office in view of Mr Kaura's resignation. 3. Mr C G Somiah, a retired IAS Officer and former Comptroller & Auditor General of India and Mr Kamlesh Vikamsey, Chartered Accountant and senior partner of M/s Khimji Kunverji & Co., have been appointed as Non Executive Directors The above changes to the Board of Directors of the Bank were recorded/approved at the Board meeting held on March 28, 2002.

BHEL Q4 results on April 29, 2002

Bharat Heavy Electricals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 29, 2002 inter alia to consider and take on record the unaudited financial results of the Company for the Quarter ended March 31, 2002.

C V Jain appointed as MD of IEC Softwares

IEC Softwares Ltd has informed BSE that Mr C V Jain Wholetime Director of the Company has been appointed as the Managing Director of the Company w e f April 08,2002.

Ranbaxy reduces prices of Anti-Aids Drugs

Ranbaxy Laboratories Ltd has taken a major lead by announcing reduction in its Anti - AIDS drug prices consequent to the excise duty exemption. The Company has announced price reductions on all its Anti-retroviral brands including the various dosage forms in its portfolio, making Ranbaxy's Anti-AIDS amongst the most economical in the Indian market. Consequently, the triple combination drug, VIROLANS 30, will be priced at Rs 1572 for a month (earlier Rs 1782). Similarly, VIROCOMB, the combination drug containing Lamivudine and Zidovudine, will cost Rs 1464 for a month (earlier Rs 1632). Commenting on the development, Mr Sanjiv D Kaul, Regional Director, Ranbaxy Laboratories Ltd, said "We are committed to providing world class Anti-retroviral drugs at most economical prices. We are aggressively tapping the Indian market by taking innovative initiatives like Ranbaxy AIDS Webline for doctors to enable them to address the widely felt need for knowledge sharing." Earlier, Ranbaxy had made an international offer of US $ 295 a year for a cocktail of three drugs, to leading NGOs across the world. In pursuit of its commitment towards providing world class drugs at most economical prices, Ranbaxy has demonstrated its care for AIDS patients

Bathina Voice Auto Personal Edition 1.2--clear winner in a comparative study conducted by NSTL

Bathina Technologies India Ltd has informed BSE that Bathina Voice Auto Personal Edition 1.2 Version has been certified by the NSTL, USA based highly reputed International Software Testing Laboratories for the Product's functionality, robustness, compatibility on various windows platforms etc and to this effect the Company has already received a certificate from NSTL. The Company has further informed that in a comparative study conducted by the NSTL against Dragon Naturally Speaking Preferred Edition 5.2, its product Bathina Voice Auto Personal Edition 1.2 Version emerged as a clear winner in crucial areas. Speaking of the superiority of Voice-Automation technology pioneered by Bathina, NSTL stated in their report that "Bathina VoiceAuto 1.2 has scored more points in implementation of Voice Support as it covers the functional modules of all applications supported, by providing abstract commands, which means that it is a Voice Automation Product. Dragon 5.0 does this by providing the menu and dialog-box control, which means that it is Voice Enabling the applications"

Thermax FY-02 results on April 29, 2002

A meeting of the Board of Directors of Thermax Ltd is scheduled to be held on April 29, 2002 to take on record the unaudited financial results for the year ended March 31, 2002.

Moschip Board to consider further issue of equity shares/warrants

Moschip Semiconductor Technology Ltd has informed BSE that the Board of Directors of the Company is scheduled to meet on April 24, 2002, to discuss and transact inter alia further issue of 1.5-2 million equity shares and warrants. The Company has further informed that the decision of further issue of shares and warrants is the result of cancellation of issue of 1 million equity shares.

Aventis Pharma Q1 net down by 47.03%

Aventis Pharma Ltd has posted a net profit of Rs107 million for the quarter ended March 31, 2002 as compared to Rs 202 million for the quarter ended March 31, 2001.The total income (net of excise) has increased from Rs 1217 million in MQ 2001 to Rs 1371 million in MQ 2002. The Bombay High Court has, by Order passed on February 27, 2002, sanctioned the amalgamation of Rhone- Poulenc Rorer India Private Ltd RPR with the Company with effect from April 01, 2001 being the Appointed Date under the Scheme of Amalgamation. Accordingly, the Results of the Company for the year ended December 31, 2001 and the quarter ended March 31, 2002 are after incorporation of the Results of RPR. The Results for the quarter ended March 31, 2001 do not incorporate the results of RPR for the quarter. Hence the figures of the two quarters are not comparable. Exceptional expenses for the quarter ended March 31, 2002 includes amortisation of expenses for voluntary retirement and marketing and technical rights. The Company had an exceptional income of Rs 151 million and an extraordinary expense of Rs 40 million for MQ 2001.

Hindustan Zinc Q4 results by June 30, 2002

Hindustan Zinc Ltd has informed BSE that the Company would publish audited financial results of the last quarter ended on March 31, 2002 within a period of three months from the closing of the accounting year 2001-2002.

Hindustan Zinc announces change in management structure

Hindustan Zinc Ltd has informed BSE the following changes in management structure: Directors ceased w e f April 11, 2002 Mr B N Mittal Chairman-MD Mr A N Mittal Director Dr Vinayahil Gautam Director Dr S K Gupta Director Directors nominated on behalf of strategic partner ie Sterlite opportunities and ventures Ltd w e f April 11, 2002 Mr K K Kaura Managing Director Mr Anil Agarwal Additional Director Mr Navin Agarwal Additional Director Mr Tarun Jain Additional Director Mr C V Krishnan Additional Director Mr C A Sundaram Additional Director Govt. Nominee Directors w e f April 11, 2002 Dr A K Kundra Chairman Mr A C Wadhawan Director Mr Nand Kishore Shukla Director

Patel Engineering Board to review its overseas operations

Patel Engineering Ltd has informed BSE that a meeting of the Board of Directors of Patel Engineering Ltd will be held on April 30, 2002 to consider the following: 1. To receive and consider the unaudited financial results for the year ended March 31, 2002 2. To review the overseas operations 3. To review the working capital requirements and the arrangements made therefore 4. To consider the renewal of agreement entered into with the Wholetime Directors and if need be to revise the remuneration 5. Any other matter with the permission of the chair.

Vision Corporation commences business in the field Advertising and Media segment

Vision Corporation has informed BSE that the Company has made progress into the new activities of business of entering into Advertising and Media segment as permitted by members The Company has further informed that it has signed an agreement with MCGM (Municipal Corporation of Greater Mumbai) for beautification and maintenance of the approach roads to Railway Stations for the period of five years. The estimated cost of the above said project is Rs 54 million.

Jayaswals Neco Board approves allotment of equity shares

Jayaswals Neco Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 30, 2002 has approved the following: 1. Allotment of 7,762,452equity shares of Rs 10each at par (on conversion of part of outstandings, as per restructuring scheme) to the Financial Institutions as per the following. Names of FIs No of Equity Shares The ICICI Ltd 5,154,740 The IFCI Ltd 1,950,911 The IIBI Ltd 656,801 2. In addition 15,000,000 Equity Shares of Rs 10 each have also been allotted at par to the preference shareholders in terms of restructuring scheme (conversion of preference share capital held by promoters into equity)

Aventis Cropscience Q1 net loss at Rs 64.80 million

Aventis Cropscience India Ltd has posted a net loss of Rs 64.80 million for the quarter ended March 31, 2002 as compared to a net profit of Rs 13.20 million in the corresponding period last fiscal. Net Sales have increased from Rs 368.10 million in MQ-01 to Rs 450.10 million in the quarter ended March 31, 2002. The figures for the quarter ended March 31 2002 include the figures of Aventis CropScience Private Limited, which has been amalgamated with the Company pursuant to Order of the Bombay High Court dated September 20 2001. However, the figures for the quarter ended March 31 2001 do not include the figures of Aventis CropScience Private Limited and therefore the results are not comparable.

Kay Pulp's shuts down its 6 M W cogeneration plant

Kay Pulp & Paper Mills Ltd has informed BSE that after erection of 6 M W power generation plant, its Paper Division was running on its own power since August 2001, however the production was badly hampered due to frequent stoppages of power due to teething troubles of the cogeneration plant and now the paper production is stopped due to shut down of generation plant. The Company has further informed that it had to shut down the 6 M W cogeneration plant for the following reasons: Company could not achieve the generation of 6 M W after 3 months from the synchronization with M S E B grid in January 2002 due to under performance of turbine mainly due to problems of condensor and injector. Thorough checking is to be undertaken to rectify all the bottle necks resulting in to lower power generation.