Usha Beltron allots equity shares on preferential basis

Usha Beltron Ltd has informed BSE that on October 17, 2002, the company has allotted 5264727 equity shares of Rs 5 each at a premium of Rs 28 per share on preferential basis in line with the approvals of the Board/Shareholders of the company.

Sadhana Nitro Chem fixes record date for bonus issue

Sadhana Nitro Chem Ltd has fixed December 05, 2002 as record date for issue of bonus shares. Bonus issue will be in the ratio of 2 Bonus shares for 5 existing equity shares as per resolution passed in AGM held on September 18, 2002.

Savita Chemicals to invest in wind power project

The Board of Directors of Savita Chemicals Ltd at its meeting held today (October 18, 2002) decided that the company should invest approximately Rs 200 million over 2 years in Wind Mills to set up in the State of Karnataka. The company has already installed and commissioned Wind Mills of capacities 4.05 MW at Satara in Maharashtra and 0.75 MW at Chitradurgh in the state of Karnataka.

Hero Honda Q2 net up by 42.20%

Hero Honda Motors Ltd has posted a net profit of Rs 1398.40 million for the quarter ended September 30, 2002 as compared to Rs 983.40 million for the quarter ended September 30, 2001. Total Income has increased from Rs 10,555.20 million in SQ-01 to Rs 12581.60 million in the quarter ended September 30, 2002. The company has sold 4,07,613 motorcycles during the quarter ended September 30, 2002 as compared to 3,29,900 during SQ-01.

Britannia Q2 results on October 28

Britannia Industries Ltd has informed BSE that the Board of Directors of the Company will meet on October 28, 2002 to interalia consider and take on record the unaudited quarterly results of the Company for the quarter and half year ended September 30, 2002.

Zee Telefilms Q2 results on October 29

Zee Telefilms Ltd has informed BSE that meeting of the Board of Directors of the Company will be held on October 29, 2002 to consider and take on record the financial results for the quarter and half year ended September 30, 2002.

Punjab Tractors Q2 results on October 28

Punjab Tractors Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 28, 2002 to consider and approve the unaudited financial results for the second quarter and half year ended September 30, 2002.

Moser Baer India Q2 results on October 30

Moser Baer India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 30, 2002 to interalia consider and take on record the unaudited quarterly financial results (provisional) of the Company for the period ended September 30, 2002.

Merck Q3 results on October 29

Merck Ltd has informed BSE that the meeting of the Board of Directors will be held on October 29, 2002 to take on record the unaudited financial results for the quarter ended September 30, 2002.

TV 18 fixes record date for rights issue

Television Eighteen India Ltd has fixed November 20, 2002 as the record date for the purpose of rights issue.

SABe TV's commences uplink/playout from India

Sri Adhikari Brothers Television Network Ltd has informed BSE that SABe TV's has officially launched uplink operations from India on October 17, 2002. Conforming to Information & Broadcasting Ministry guidelines for uplink channels, SABe TV's is the first Hindi General Entertainment channel to migrate from Singapore to India.

Shree Rama Multi Tech H2 results by November 30

Shree Rama Multi Tech Ltd has informed BSE that the Company proposes to hold a meeting of the Board of Directors of the Company in the last week of November, 2002 to take on record the audited results of the Company for the period from April 01, 2002 upto September 30, 2002. The Company will not be furnishing the unaudited results for the quarter ended September 30, 2002 before October 31, 2002 and instead furnish the audited results for the period from April 01, 2002 upto September 30, 2002 before November 30, 2002.

Media Matrix Worldwide fixes record date for subdivision of equity shares

Media Matrix Worldwide Ltd has informed BSE that the Board of Directors of the company has decided to fix record date on November 25, 2002 for the purpose of subdivision of equity shares of the Company.

Tata Tea Q2 results on October 29

A meeting of the Board of Directors of Tata Tea Ltd is scheduled to held on October 29, 2002 to consider and approve the unaudited financial results of the company for the quarter ended September 30, 2002.

SBI Q2 results on October 30

State Bank of India has informed BSE that a meeting of the Bank's Central Board will be held on October 30, 2002 to take on record the unaudited working results of the Bank for the quarter ended on September 30, 2002.

Solitaire Machine buyback to commence on Oct 21

BSE has informed the members that Solitaire Machine Tools Ltd. has announced buyback of its fully paid-up equity shares of face value of Rs.10/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs.8/- (Rupees Eight Only) per equity share payable in cash for an aggregate amount not exceeding Rs. 9.50 million. Proposed time table for buyback: Date of Opening of the Buyback on BOLT October 21, 2002 Last date for the Buyback June 28, 2003 Details of Buyback orders on BOLT. The members may note that the Physical Equity Shares can be offered for Buyback to the company in the list of Non-Specified Securities under scrip code, in rolling settlement, as mentioned below: Code No. : ---------- 532474 Market Lot : ---------- 1 Share Scrip ID on BOLT System : ---------- SOLITARBBPH Abbreviated Name on BOLT System : ---------- SOLITAIR MC*

Orbit Multimedia fixes record date for stock split

Orbit Multimedia Ltd has fixed the record date as November 08, 2002 for the purpose of stock split of existing equity share from one equity share of Rs 10 each into ten equity shares of Re 1 each. The reduced paid up value will be effective from October 29, 2002

Voltas Q2 results on October 29, 2002

Voltas Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 29, 2002 to take on record unaudited financial results of the Company for the second quarter ended September 30, 2002.

HFCL Q2 results on Oct 31, 2002

A meeting of the Board of Directors of Himachal Futuristic Communications Ltd will be held on October 31, 2002 to consider & take on record the unaudited financial results for the quarter ended September 30, 2002.

KPIT Infosystems press release on Q2 results

During the quarter ended September 30, 2002 KPIT Infosytems Ltd stand alone achieved revenue of Rs 137.43 million as compared to Rs 122.98 million in the same quarter last year. The profits after tax were Rs 8.528 million as compared to Rs 6.343 million in the same last year. The Board of Directors and shareholders of KPIT Infosystems Ltd and Cummins Infotech Ltd have approved the scheme of amalgamation/merger in their respective Board & shareholder meetings. Both the companies have filed an application under Sec 391 to Sec 394 of the Companies Act 1956 with the Bombay high court. Subject to approval of the scheme of merger by the court, the merger will be effective from January 01, 2002.

Rama Mines Mauritius makes open offer to acquire 20% of equity shares of Wimper Trading

Keynote Corporate Services Ltd has informed BSE that Rama Mines (Mauritius) Ltd (RML/Acquirer) announces an offer to acquire by tender upto 49000 fully paid up equity shares of Rs 10/- each of Wimper Trading Ltd (WTL) representing 20% of its issued equity share capital from the remaining shareholders of WTL at a price of Rs 18.50 per fully paid up equity share payable in cash. The offer is not subject to any minimum level of acceptance. RML under the Agreement dated October 16, 2002 agreed acquire from Kanoria Management & Services Pvt Ltd, Mr Ajay Kumar Kanoria (HUF) and Smt Vandana Kanoria a total of 1,69,930 equity shares of Rs 10/- each representing in aggregate 69.36% of the issued equity capital of WTL at a price of Rs 18.50 per equity share payable in cash. The Specified date is October 22, 2002 The date of opening of the offer is December 09, 2002. The date on which the offer will close is January 07, 2003.

Jubilant Organsoys fixes record date for stock split

Jubilant Organsoys Ltd has fixed the record date as November 21, 2002 for the purpose of stock split of existing equity share from one equity share of Rs 10 each into two equity shares of Rs 5 each. The reduced paid up value will be effective from November 12, 2002.

GL Hotels in negotiation with UTI Bank for FCNR (B) term loan

G L Hotels Ltd has informed BSE that the Company is in an advanced stage of negotiation for a FCNR (B) term loan of US$ 3 million with UTI Bank Ltd for their Hotel Project, Marine Drive, Mumbai.

Corporation Bank announces change in board

Corporation Bank has informed BSE that K Venugopal, Director on the Board of the Bank has resigned as Director with effect from September 12, 2002.

Mascon Global to hike authorised capital

The Board of Directors of Mascon Global Ltd at their meeting held on October 17, 2002 considered the following: Increase in Authorised Capital of the company form the present level of Rs 600 million of equity and Rs 150 million of preference was considered. The Board approved the conversion of Rs 150 million of Authorized Preference Capital to Authorised Equity Capital and further recommended increase in equity capital from Rs 750 million to Rs 2250 million. The Board discussed on the limits U/s 372A based on the latest annual accounts for the year ending March 31, 2002. The Board deferred this item for discussion to the next Board meeting. The Board will be deciding the meeting of the members, if any after considering the investment proposal in the next Board meeting. K Chandra, Non-Executive Chairman will function as the Executive Chairman & CEO of the company with immediate effect and necessary steps for seeking approvals if any, in connection thereon will be initiated by the company. An Advisory Group to the Board was constituted and other organizational restructuring decisions were also taken. The wholly owned subsidiary of the company has entered into a joint-venture relationship with MasterCard International and the commercial operations of the Joint Venture, has commenced during the calendar year 2002. Jerry McElhatton, Senior Vice President of MasterCard International, who is in the Board of the company, has been elected as the Director of the Joint-Venture Company.

McDowell & Co Q2 results on October 29

McDowell & Company Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on October 29, 2002 to consider inter alia the unaudited financial results (provisional) for the three months ended September 30, 2002 and half year ended on that date.

HDFC Bank announces H1 results as per US GAAP

HDFC Bank Ltd results as per US GAAP are as follows: Net profit computed in accordance with US GAAP for half year ended September 30, 2002 is at Rs 1620 million as against Rs 1313 million for the corresponding half year ended September 30, 2001.

HDFC Bank Q2 net up by 29.35%

HDFC Bank Ltd has reported a net profit of Rs 896.90 million for the quarter ended September 30, 2002 as compared to Rs 693.40 million for the quarter ended September 30, 2001,a rise by 29.35%. Total Income has increased from Rs 4896.80 million in SQ-01 to Rs 6032.40 million in the quarter ended September 30, 2002. Business update During the first half of the current year, the Banks growth in each of its major business franchises and in particular in the retail business was driven primarily by enhanced customer acquisition, accelerated geographic expansion and higher levels of penetration.

Sambhaav Media Board meeting for scheme of amalgamation adjourned

Sambhaav Media Ltd has informed BSE that the meeting of the Board of Directors of the Company was held on Friday to consider the scheme of amalgamation of M/s Abhiyaan Press & Publications Private Ltd, M/s Aider Publishers Pvt Ltd and M/s Traders Pvt Ltd with the Company. After due deliberations the meeting has been adjourned to October 19, 2002.

L G Balakrishnan & Bros Board to consider buyback

L.G. Balakrishnan & Bros Ltd has informed BSE that a proposal for buyback of shares will be considered in the meeting to be held on October 24, 2002.

L&T Q2 results on October 29, 2002

Larsen & Toubro Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 29, 2002 inter alia to consider and take on record the unaudited financial results of the Company for the quarter ended September 30, 2002.

SCI Q2 results on October 25, 2002

Shipping Corporation of India Ltd has informed BSE that a meeting of the Board of Directors of SCI is scheduled to be held on October 25, 2002 for taking on record the unaudited financial results (provisional) for the quarter ended on September 30, 2002.

Cadbury delisted from BSE

The Bombay Stock Exchange has informed the members of the exchange not to deal in the securities of Cadbury India Ltd from October 21, 2002 as the company has requested the exchange to delist its securities pursuant to compliance with SEBI Regulations, 1997.

Max India members approve sale of its pharma division to Jubilant Organosys

Max India Ltd has informed BSE that the consent of the shareholders of the Company to the ordinary resolution for sale of the Company's Pharmaceutical Division to Jubilant Organosys was sought by way of postal ballot. The shareholders of the Company by way of postal ballot approved with overwhelming majority the ordinary resolution for sale of the Company's Pharmaceutical Division to Jubilant Organosys Ltd, the results of which were declared in the extraordinary general meeting of the Company held on October 17, 2002.

BPCL Q2 results on October 29, 2002

A meeting of the Board of Directors of Bharat Petroleum Corporation Ltd is scheduled to be held on October 29, 2002 to take on record the Unaudited Financial Results (Provisional) for the quarter ended September 30, 2002.

Apollo Hospitals H1 results by November 30, 2002

Apollo Hospitals Enterprise Ltd has informed BSE that they will be publishing the audited financial results for the half year ended September 30, 2002 on or before November 30, 2002.

Nestle Q3 results on October 31, 2002

Nestle India Ltd has informed BSE that the Board of Directors shall consider the unaudited financial results of the Company for the third quarter ended September 30, 2002 at the Board meeting proposed to be held on October 31, 2002.

BSE announces replacements in BSE Indices

BSE has informed the members of the Exchange that the following replacements will be made in BSE Indices with effect from Monday October 21, 2002 due to delisting of Cadbury India Limited: BSE-100 Index Code----------Outgoing 500793----------Cadbury India Limited Code----------Incoming 523598----------Shipping Corporation of India Limited BSE-200 Index Code----------Outgoing 500793---------- Cadbury India Limited Code---------- Incoming 500101---------- Arvind Mills Limited BSE-500 Index Code----------Outgoing 500793----------Cadbury India Limited Code----------Incoming 532477----------Union Bank of India

AP Chief Minister inaugurates Nipuna's BPO facility at Hyderabad

AP Chief Minister N Chandrababu Naidu inaugurated the news Business Process Outsourcing (BPO) facility of Nipuna Services Ltd at Hyderabad. Nipuna is the BPO subsidiary of Satyam Computer Services Ltd. Said Satyam's Chairman B Ramlinga Raju, "It is a well known fact that globally corporations are moving towards Business Process Outsourcing as a strategic initiative to enhance their competitive edge. Recognizing the strategic importance of BPO services in our growth strategy, we decided to establish a subsidiary to focus exclusively on a wide range of BPO offerings."

Cybertech Systems & Software Board to consider allotment of shares under ESOP

Cybertech Systems & Software Ltd has informed BSE that a meeting of the Committee of Directors will be held on October 21, 2002 to allot equity shares of the Company against the stock options granted to the employees/Directors under the Employees Stock Option Plan (ESOP) of the Company.

Marathwada Refractories workmen go on illegal strike w e f Sept 15, 2002

Marathwada Refractories Ltd has informed BSE that the workmen went on illegal strike with effect from September 15, 2002. Some of their staffs also appear to have joined the workmen Union. All the dues required to be paid as per law have been paid to them yet agitation is going on.

Wipro H1 PAT down by 4.49%

Wipro Ltd has posted a profit after tax of Rs 4.04 billion for the half-year ended September 30, 2002 as compared to Rs 4.23 billion in the corresponding period last fiscal. Total Income has increased from Rs 17.15 billion in the half year ended September 30, 2001 to Rs 19.31 billion in the half year ended September 30, 2002. The consolidated results are as follows: For the half-year ended September 30, 2002 the company has posted a profit of Rs 3.64 billion as compared to Rs 4.30 billion in the corresponding period last fiscal. Total Revenues have increased from Rs 16.76 billion in the half year ended September 30, 2001 to Rs 19.92 billion in the half year ended September 30, 2002.

Wipro issues outlook for DQ-02

Azim Premji, Chairman of Wipro commenting on the results said, "A challenging global business environment has made India-based Offshore initiatives a key priority for global corporations. Wipro is well positioned to take advantage of this opportunity with its wide range of offshore services offerings for enterprise clients and its depth of R&D skills for the technology clients. We should see the momentum in volume growth of the last two quarters continue. For the quarter ending December 2002, we estimate the Revenue in our Global IT Services business to be approximately at $ 152 million, in Wipro Spectramind to be approximately at $ 12.5 million and in Healthcare and Life Science Business at approximately $ 3.5 million." Vivek Paul, Vice Chairman and CEO of Wipro Technologies, our Global IT business, added, "The sequential Revenue growth of 11% in dollar terms was primarily driven by a 12% growth in volume. We see pricing pressures flattening. Business traction continues from both be as well as existing clients. We acquired 30 new clients, seven of whom ere in the Fortune 1000 list, and won two orders of total product ownership from our existing R&D clients during the quarter. The Integration of Wipro Spectramind is on plan and the results of the combined offerings are already visible n the client traction we see in the market place. During the quarter Wipro Spetramind has signed letters of intent with four new clients, including one for business process outsourcing."

BSE announces replacement of scrips in BSE-PSU Index

IBSE has informed the members of the exchange that the following scrips were removed from BSE-PSU Index with effect from October 7, 2002: Code Scrip Name 517326 CMC Ltd. 500483 VSNL Ltd. 500188 Hindustan Zinc Ltd. 500105 IPCL Ltd. The following scrips will be included in BSE-PSU Index with effect from October 21, 2002: Code Scrip Name 532388 Indian Overseas Bank 532461 Punjab National Bank 532477 Union Bank of India