Polygenta Tech to appraise Board on progress of rehabilitation scheme
A meeting of the Board of Directors of Polygenta Technologies Ltd is scheduled to be held on October 30, 2002 to consider the following:
To Appraise the Board about the progress of Arbitration proceedings in respect of the case of Inventa Fischer Gmbh & Co.
To appraise the Board progress on rehabilitation scheme from BIFR
Genesys Int press release on Q2 results
Commenting on this quarter performance Mr Sajid Malik, Managing Director of Genesys International Corporation Ltd said, "This quarter witnessed some material milestones: the successful execution of an important component of the Florida order, the initiation of two pilots in our engineering services BPO space and the ongoing development of an. Net practice.
We believe the transaction we are witnessing will help us to maintain the growth momentum we have seen in the last two quarters."
IDBI Bank announces Q2 results
IDBI Bank Ltd has reported a net profit of Rs 160.9 million for the quarter ended September 30, 2002 as compared to Rs 147.30 million for the quarter ended September 30, 2001. The total income has increased from Rs 1516.20 million in SQ-2001 to Rs 1767 million for SQ-2002.
Saw Pipes FY-02 results by December 31, 2002
Saw Pipes Ltd has informed BSE that the Company will publish audited results for the whole year ended September 30, 2002 within the permissible period of 3 months (December 31, 2002) from the end of the last quarter of financial year ie September 30, 2002.
BLB enters into non-compete agreement with erstwhile Director
BLB Ltd has informed BSE that the company has entered into a non-compete agreement with Shri Chand Rattan Bagri an erstwhile Director of the company for restricting his business of a nature similar to that of the company to a minimum level and also not to share his knowhow, expertise or provide services to any other person for which the company shall pay him an amount based on the terms mutually agreed upon between the company and Shri Chand Rattan Bagri w.e.f.01.10.02 for the period the agreement subsists.
Birla Global Board to consider reduction of share capital
Birla Global Finance Ltd has informed BSE that the next meeting of the Board of Directors of the Company is scheduled for October 31, 2002 to consider inter alia the following:
Unaudited financial results for the quarter ended on September 30, 2002
Reduction of share capital subject to the approval from the shareholders and confirmation of the High Court of Judicature at Mumbai.
Jeh Wadia appointed as Deputy MD of Bombay Burmah Trading Corporation
Bombay Burmah Trading Corporation Ltd has informed BSE that at the meeting of the Board of Directors of the Corporation held today (October 24, 2002) Mr Jeh Wadia has been appointed as Deputy Managing Director of the Corporation w e f October 24, 2002 for a period of 5 years. His appointment and remuneration are subject to the approval of the shareholders at the general meeting.
Cadila Healthcare Q2 net rises to Rs 25.4 crore
Cadila Healthcare Ltd has reported a net profit of Rs 25.447 crore for the quarter ended September 30, 2002 as compared to Rs 21.869 Rs 25.447 crore for SQ-2001. The total income has increased from Rs 153.079 Rs 25.447 crore in SQ-2001 to Rs 192.006 Rs 25.447 crore in SQ-2002.
Rajesh Exports awarded trophy by GJEPC
Rajesh Exports Ltd has been awarded a prestigious trophy by Gem & Jewellery Export Promotion Council for standing first in the country for export of plain gold jewellery, for the year 2001-2002.
Aftek Infosys Q1 net at Rs 9.96 crore
Aftek Infosys Ltd has reported a net profit of Rs 9.963 crore for the quarter ended September 30, 2002 as compared to Rs 7.979 crore for the quarter ended September 30, 2001.
The total income has increased from Rs 150.63 million for the quarter ended September 30, 2001 to Rs 207.80 million in SQ-2002.
At the meeting of the Board of Directors of the Company held today (October 24, 2002) effective from November 1, 2002 Promod Broota and Sandip Save have been appointed as Executive Director and Non-Executive Director respectively.
Fluidomat Company Secretary resigns
Fluidomat Ltd has informed BSE that Shri Vineet Chopra, the Company Secretary of the Company has resigned on October 15, 2002.
Nicholas Piramal Q2 net at Rs 26 crore
Nicholas Piramal India Ltd has posted a net profit of Rs 26.150 crore for the quarter ended September 30, 2002 as compared to Rs 14.08 crore in the quarter ended September 30, 2001. Total Income has increased from Rs 252.24 crore in the quarter ended September 30, 2001 to Rs 269.77 crore in the quarter ended September 30, 2002.
Nicholas Piramal changes management structure
At the meeting of the Board of Directors of Nicholas Piramal India Ltd held today (October 24, 2002) the Board considered & approved the following:
1. Appointment of Mr S Ramadorai as Director of the Company
2. Dr Swati A Piramal has been re-appointed as Director in Wholetime employment of the company (designated as Director Alliances & Communications) for a period of five years wef November 19, 2002 subject to approval of the shareholders, which would be obtained at the next AGM of the company.
Tisco Q2 results on October 30, 2002
A meeting of the Board of Directors of Tata Iron & Steel Company Ltd will be held on October 30, 2002 to take on record the unaudited financial results for the quarter ended September 30, 2002.
At the above meting the Board will consider the following items:
Amalgamation of Tata SSL with Tata Steel
Setting up of Ferro Chrome Project at Richards Bay, South Africa.
Arvind Mills Q2 results on October 31
A meeting of the Board of Directors of Arvind Mills Ltd will be held on October 31, 2002 to take on record the unaudited financial results for the quarter ended September 30, 2002.
UTI Bank Q2 net at Rs 44.17 crore
UTI Bank Ltd has posted a net profit of Rs 44.17 crore for the quarter ended September 30, 2002 as compared to Rs 30.95 crore in the quarter ended September 30, 2001.
Total Income has increased from Rs 366.25 crore in the quarter ended September 30, 2001 to Rs 485.73 crore in the quarter ended September 30, 2002.
LG Balakrishnan board approves buyback
The Board of Directors of LG Balakrishnan & Bros Ltd has decided to buyback 5,88,235 equity shares aggregating Rs 4,99,99,975 from the market through tender offer route from the market at the rate of Rs 85.
HDFC fixes record date for bonus issue
Housing Development Finance Corporation Ltd has fixed December 16, 2002 as record date for bonus issue.
The Company has further informed that subject to the consent of the shareholders for capitalisation of reserves, shareholders whose names appear in the Register of Members of the Corporation/ Register of Beneficiary Holders of the equity shares of the Corporation maintained by the depositories, as on the record date will be eligible for the Bonus shares.
Indian Rayon Q2 net soars to Rs 37.73 crore
Indian Rayon & Industries Ltd has posted a net profit of Rs 37.73 crore for the quarter ended September 30, 2002 as compared to Rs 15.12 crore in the quarter ended September 30, 2001.
Total Income (net of excise) has increased from Rs 365.16 crore in the quarter ended September 30, 2001 to Rs 412.44 crore in the quarter ended September 30, 2002.
Future outlook The performance of all business is expected to improve. The overall outlook for the company's future is positive.
Castrol posts Rs 39.17-crore Q3 net profit
Castrol India Ltd has posted a net profit of Rs 39.17 crore for the quarter ended September 30, 2002 as compared to Rs 21.3 crore in the quarter ended September 30, 2001.
Total Income (net of excise) has increased from Rs 257.26 crore in the quarter ended September 30, 2001 to Rs 276.12 crore in the quarter ended September 30, 2002.
Naveen Kshatriya Managing Director comments, " The company has been able to make good progress and maintain its leadership position through a number of customer focussed marketing initiatives, brand building activities and strategic alliances in the automotive industry."
ITC Q2 net profit at Rs 380.5 crore
ITC Ltd has posted a net profit of Rs 380.5 crore for the quarter ended September 30, 2002 as compared to Rs 339.28 crore in the quarter ended September 30, 2001.
Total Income has increased from Rs 1,267.13 crore in the quarter ended September 30, 2001 to Rs 1,519.61 crore in the quarter ended September 30, 2002.
Tata Chem to end marketing pact for urea with Rallis from April 1, 2003
Tata Chemicals Ltd has informed BSE that at the Board meeting of the Company held on October 23, 2002 the Directors have approved a proposal for terminating the marketing arrangement for Urea with Rallis India Ltd w e f April 01, 2003.
Vorin Lab Board to seek shareholders approval for merger with Matrix Lab
Vorin Laboratories Ltd has informed BSE that the EGM will be held on November 09, 2002 to seek shareholders approval for the purpose of merger of the Company with Matrix Laboratories Ltd as per the direction of High court of Andhra Pradesh.
Geometric Software signs original software development partnership agreement with Dassault Sys
Geometric Software Solutions Company Ltd has informed BSE that it has signed an Original Software Development Partnership Agreement with Dassault Systems.
Under this agreement, Geometric's Feature Recognition technology will be embedded into the next Version 5 release of Dassault's 3D Product Lifecycle Management Solutions, CATIA V5 and Delima V5.
This agreement is excepted to have a material impact on Geometric's financials in the long run.
Rallis India Ltd has informed BSE that Tata Chemicals Ltd had issued a termination notice to the company in respect of the marketing arrangement with Rallis for urea, subject to confirmation by the Board of Directors of both companies.
Rallis & Tata Chemicals have, at their respective Board meetings held on October 17, 2002 & October 23, 2002 approved the termination of the said agreement with effect from April 01, 2003.
Electrolux Kelvinator to consider issue of Redeemable Non Convertible Pref Shares
A meeting of the Board of Directors of Electrolux Kelvinator Ltd is scheduled to be held on October 31, 2002 to consider the following:
1. Unaudited Financial results for the quarter ended September 30, 2002
2. To consider and approve further issue of upto Rs 1500 million 6% Cumulative Redeemable Non-Convertible Preference Shares of the face value of Rs 100 each to AB Electrolux in one or more tranches on a preferential basis
3. To consider an increase in the Authorised Share Capital of the company from existing Rs 5000 million to Rs 6500 million.
Blue Star Infotech sets up a new development center at Mumbai
Blue Star Infotech Ltd has informed BSE that company has announced the setting up of a new development center in Mumbai. This 11,400 sq. feet facility located at Hiranandani Gardens Complex, Powai, in Mumbai, will have the capacity to seat 130 engineers.
The new center will now be the base for the Delivery Head Office of some of the core development teams of BSIL. It is expected that the capacity utilization at this new facility will reach nearly 100% by mid 2003.
