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HDFC Standard Life IPO before 2009

Housing Development Finance Corporation Ltd (HDFC) has informed that the Corporation has agreed to sell 8,03,87,686 equity shares of Rs 10/- each of HDFC Standard Life Insurance Company Ltd (HDFC SLIC) to Standard Life (Mauritius Holdings) 2006 Ltd representing 7.15% of the total issued and paid-up equity capital of HDFC SLIC. Consequent to the said sale, Standard Life (Mauritius Holdings) 2006 Ltd would hold 26% of the total issued and paid-up equity capital of HDFC SLIC.

In this regard the following Press Release are as follows:

"HDFC and Standard Life Assurance Co. plc (SLAC) on December 31, 2007 have realigned their shareholding in HDFC Standard Life insurance Company Ltd (HDFC SLIC), the joint venture life insurance Company established by them. As a result, HDFC has today sold 7.15% of the equity of HDFC SLIC to Standard Life (Mauritius Holdings) 2006 Ltd at a pre agreed price. Post this, Standard Life (Mauritius Holdings) 2006 Ltd holds 26% of the equity capital of HDFC SLIC, the maximum allowed under current regulations.

HDFC and SLAC have also agreed that any future sale of shares by HDFC to Standard Life (Mauritius Holdings) 2006 Ltd, if and when permitted by law would be at a Fair Value.

HDFC Standard Life is one of India's leading private life insurance Companies, which offers a range of individual and group insurance solutions. The Company has been consistently growing since inception and has a new business market share of 9.2 percent in the private sector with total premium income of Rs 2,856 crores in the year 2006-07. The Company plans to aggressively grow its business in the coming years. HDFC SLIC has over 12000 employees and more than 1,00,000 Financial Consultants covering over 700 cities in India.

HDFC and Standard Life are committed to the continued growth of HDFC SLIC and an IPO of the business. Subject to the applicable Regulations, the current plan is to launch the IPO before the end of 2009."

NDTV open offer

Morgan Stanley India Company Pvt Ltd ("Manager to the Offer") on behalf of Dr Prannoy Roy & Mrs Radhika Roy ("Acquirers") and RRPR Holdings Pvt Ltd ("Person Acting in Concert (PAC)") has issued this Public Announcement ("PA") to the equity shareholders of New Delhi Television Ltd ("NDTV")("Target Company"), pursuant to Regulation 11(1) as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 ("SEBI (SAST) Regulations, 1997") and subsequent amendments thereto.

The Offer

The Acquirers along with PAC are making an Open Offer to the shareholders of Target Company to acquire an aggregate of 12,525,336 Equity shares of Rs 4/- each representing 20% of the resulting voting Share Capital of the Target Company at a price of Rs 438.98/- (Rupees Four Hundred Thirty Eight & Ninety Eight Paise Only) per fully paid up equity share/Voting Right ("Offer price"), payable in cash subject to the terms & conditions mentioned in PA.

Equity shares acquired via the Open Offer will be acquired equally between Dr Prannoy Roy & Mrs Radhika Roy. There are no partly paid up equity shares in the Target Company.

Schedule of Activities:

Specified Date - January 11, 2008

Date of Opening of the Offer - February 12, 2008

Date of Closing of the Offer - March 03, 2008

Pudumjee Agro Industries stock split

Pudumjee Agro Industries Ltd has informed that a meeting of the Board of Directors of the Company will be held on January 08, 2008, inter alia, to consider the sub-division of face value of equity shares and also change in the name of the Company.

Hindustan Organic - Updates

Hindustan Organic Chemicals Ltd has informed that the Company has issued an advertisement in the leading International Technical Journal inviting for Expression of Interest for Joint Venture Projects with the Company by various Corporate Multi National Companies.

Sun TV launches FM station at Varanasi

Sun TV Network Ltd has announce the launch of its Radio Station at Varanasi under the brand 'S FM' from December 29, 2007 through its Subsidiary South Asia FM Ltd. This Station can be heard at 93.5 MHz frequency in Varanasi. The programs will cater to the audience of all age groups.

With the launch of this FM Station, the total operational FM Stations of the Company goes up to 18 as it already operates at Chennai, Coimbatore, Tirunelveli, Visakhapatnam, Bangalore, Hyderabad, Jaipur, Bhubaneswar, Tirupati, Madurai, Tuticorin, Lucknow, Bhopal,
Pondicherry, Kozhikode (Calicut), Indore and Vijayawada.

The Company hold licenses for 45 FM Radio Stations across India, and will be one of the largest radio broadcasters in India when all the remaining 27 stations become operational.

Ranbaxy Laboratories receives final approval to manufacture and market Cetirizine Hydrochloride Tablets (OTC), 5 mg and 10mg

Ranbaxy Laboratories Ltd on December 31, 2007 has announced that the Company has received final approval from the U.S. Food and Drug Administration to manufacture and market Cetirizine Hydrochloride Tablets (OTC), 5 mg and 10 mg. The Office of Generic Drugs, U.S. Food and Drug Administration, has determined the Ohm formulation to be bioequivalent and have the same therapeutic effect as that of the reference listed drug Zyrtec® Allergy tablets, 5mg and 10mg and Zyrtec® Hives Relief tablets, 5mg and 10mg by Pfizer Pharmaceuticals Inc. Total annual market sales for Cetirizine Hydrochloride Tablets as a prescription only product were $1.3 billion (IMS - MAT: September 2007).

Cetirizine Hydrochloride is indicated for the temporary relief of runny nose, sneezing, itching of the nose or throat, and itchy, watery eyes due to hay fever or other upper respiratory allergies.

"We are pleased to receive this final approval for Cetirizine Hydrochloride Tablets (OTC) 5mg and 10mg, that has proven its clinical value and utility in both adults and children. We are pleased to offer this preferred formulation that will meet the needs of all patients who need this medication in response to allergic reactions. This OTC product formulation further expands our portfolio of affordable generic alternatives and will be launched immediately to all classes of trade," said Jim Meehan, Vice President of Sales and Distribution for Ohm Laboratories Inc, a wholly owned subsidiary of the Company.

Ohm, based in North Brunswick, New Jersey, is a wholly owned subsidiary of the Company. Ohm is engaged in the sale and distribution of generic and branded private label, OTC products in the U.S. healthcare system.

Lanco Infratech gets more orders

Lanco Infratech Ltd has informed that Letters of Acceptance (LOA) were received from
Andhra Pradesh Health & Medical Housing & Infrastructure Dev. Corporation (APHMHIDC), an Enterprise of Government of Andhra Pradesh, for the Construction of 500 Bedded Hospital & Ancillary Structures, Medical College & Auditorium, Hostels & Staff Quarters for Rajiv Gandhi Institute of Medical Sciences (RIMS) at Ongole in Prakasam District in Andhra Pradesh of a total Contract Value of Rs 85.37 Crores.

FIIs can buy shares in NDTV as promoters buyback shares

New Delhi Television Ltd (NDTV)has informed that pursuant to acquisition of further stake of 7.73% (48,35,850 Equity shares) in the Company by the Promoters, Dr. Prannoy Roy and Mrs. Radhika Roy from GA Global Investments Ltd, a Foreign Company, the FII limit to the extent of 7.73% stands released and accordingly FIIs / NRIs etc. can now acquire shares in shareholding of the Company.

LCC Infotech launches LCC brand of Laptops

LCC Infotech Ltd has informed that subsequent to the launch of LCC designer PC's, the Company received tremendous response and has also launched its range of LCC Laptops. The Laptops will be sold under the LCC PC banner and range from Intel based Celeron priced only at Rs 22,000 to Intel based Core2Duo laptop priced at Rs 28,000. The Company has taken this step to capitalize on the growing demand for LCC PC and using distribution muscle and attractive prices. LCC Laptops will be distributed throughout West Bengal by Alco Infotech that has a dealer / reseller network covering over 4O0 locations. This gives LCC an added advantage of better penetration and also enables it to cater to the growing demand of laptops that as per International Data Corporation is growing at an annual rate of 80—85%.

Indiabulls Financial enters into MoU with Societe Generale Insurance

Indiabulls Financial Services Ltd (IBFSL) has informed that the Company has entered into a memorandum of understanding (MOU), with Societe Generale Insurance for its upcoming life insurance joint venture. Societe General, through its French life insurance Company, Sogecap, will own 26% of the future joint venture.

Indiabulls has already received the Reserve Bank of India's approval to invest in the joint venture, and has also approached IRDA, the Insurance Regulatory and Development Authority, for the necessary regulatory approvals.

Country Club QIB Placement

Country Club India Ltd has informed that the Company has allocated 18,80,322 Equity Shares at a price of Rs 770/- per share in respect of issue of Equity Shares to QIB's under Qualified Institutional Placement Mechanism under Chapter XIII-A of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines 2000.

Canara Bank on Brand Building Exercise

Canara Bank has informed that the Bank as a part of its "Brand Building Exercise" is proposing to launch its new brand identity on December 29, 2007.

In tandem with the changing times, the Bank has embarked on a comprehensive branding exercise to unlock its value and realize the immense latent potential.

The new brand identity of the Bank would further reinforce the Bank's image as a value creator and a customer-centric Bank. This distinctive brand identity is based on the idea of a bond and is a representation of the close ties between the Bank and its many stakeholders — from customers and employees to investors, institutions and society at large. The two seamlessly connected links capture the essence of this partnership.

For the new identity, the colour palette and typography have been carefully chosen. The rich blue represents stability, scale and depth. This contrasts with accents of bright yellow that evoke optimism, warmth and energy. The Bank logotype has been hand-crafted. Its classic, serif letter forms communicate heritage and stature.

The branding will have an impact on the long term image and revenue prospects of the Bank.

Brigade Enterprises signs contract with InterContinental Hotels

Brigade Enterprises Ltd has informed that Brigade Hospitality Services Pvt Ltd, a lO0% subsidiary of the Company a Bangalore-based real estate Company focusing on the development of residential, commercial and hospitality properties has signed a management contract with InterContinental Hotels Group for a new Holiday Inn Hotel called Holiday Inn Bangalore International Airport. Earlier, Brigade Hospitality Services Pvt Ltd entered into a letter of intent on April 27, 2007 with IHG to manage a proposed hotel of approximately 250 Keys to be developed near the Devanahalli International Airport at Bangalore.

Holiday Inn Bangalore International Airport will be developed by Brigade Enterprises Ltd and will be managed by IHG. Well connected to the new international airport. Holiday Inn Bangalore International Airport will be laced with around 250 rooms along with restaurants, swimming pool and a gymnasium. The Holiday Inn Bangalore International Airport will be slated to accept bookings by the beginning of year 2010.

Mr. M R Jaishankar, CMD of the Company said, "We are glad to have partnered with Intercontinental Hotel Group to develop this hotel in the city of Bangalore. It has been our constant endeavor to provide high end hospitality service with trademark Brigade quality. Holiday Inn Bangalore International Airport hotel will be a welcome addition to Brigade Hospitality's portfolio that include hotels, resorts, clubs and serviced residences."

Infosys Technologies - Q3 results on Jan 11, 2008

Infosys Technologies Ltd has informed that a meeting of the Board of Directors of the Company will be held on January 11, 2008, inter alia, to consider the following:

1. The audited financial results of the Company as per Indian GAAP for the third quarter and nine months ending December 31, 2007 (Q3).

2. The audited consolidated financial results of the company and its subsidiaries as per Indian GAAP for the third quarter and nine months ending December 31, 2007.

3. The un-audited financial results of the company as per US GAAP for the third quarter and nine months ending December 31, 2007.

Gateway Distripaks - stake sale ?

With reference to the news item appearing in a leading financial daily titled "Gateway Distripaks MD may take reins; Co. may offload stake to strategic partner later; Reliance Logistics and Tata Group Send Feelers", Gateway Distripaks Ltd has clarified that the contents of this report are not based on facts and are speculative in nature. The Company has responded to the financial daily clarifying the issues raised in the report.

The Company further clarify that they have only one Indian Promoter, Mr. Prem Kishan Gupta, who holds around 18 % in the equity of the Company in his personal name and in the name of his company, Prism International Pvt Ltd.

Kew Industries in expanding mode

Kew Industries Ltd has informed that the Company has placed an order for purchase of 5 Ton capacity Hammer from Poland to manufacture specialized critical forging which will enable the company to increase its capacity as well as to execute the specialized critical forging components for Heavy Vehicle Segments in the domestic as well as in the international market.

The Company has opened dialogue for direct import of raw material in bulk from South Amercian supplier and is in active discussions for the import of material which will reduce the cost of production.

The Company is in talk with Mahindra & Mahindra Ltd and JCB for supply of various range of products for their vehicles.

T Spiritual world updates

At 21st Annual General Meeting (AGM) of T. Spiritiual World Ltd, was held at Kolkata, where the shareholders got a happy feeling on the occasion of Christmas. During the AGM, the shareholders approved the Authorised, Issued and Fully Paid up share capital of the Company of Rs 2/- each be consolidated that five existing equity shares of face value of Rs 2/- each be consolidated into one equity share of face value of Rs 10/- each. Besides this, they also approved the issue of 29,90,000 Fully Convertible Warrants of Rs 10/ each on preferential basis to promoters group. The funds infused by the promoters group in the Company will be used for long term working capital purposes of the Company and thus expand the retail business of the Company in wellness segment.

In order to expand the reach of the wellness products and services, T. Spiritual World Ltd has already announced the setting up of retail outlets at various strategic locations all over the world. These retail outlets will be called "Wellness World". Each of the wellness world outlets will be equipped with state of the art equipment as present in a retail store. The Company plans to launch its first set of retail outlets in the NCR region and then gradually take this concept on a national level. Each of these centers will be set up in main market areas / Malls with direct access to the consumers. It is the Company's intention to set up 100 such retail outlets all over India in the next 3 years.

A report of the Indian Counsel of Research on International Economic Relations estimates the loss to India's national income as a result of heart disease, stroke and diabetes in 2005 was Rs 900 crore and projects the figure to exceed Rs 20000 crore over the next 10 years. With state spending on healthcare at just 0.9% of GDP, government hospitals and health programmes cannot cope with the crisis. With it exclusive wellness products and services, the Company has been successful in creating a novel position for itself in the Health & Wellness product and services market which is worth Rs 3500 crore and is clocking a healthy growth rate of 40%. The Company has already established a reputation among the corporate community and created awareness for a healthier corporate lifestyle. its clients include - TCS, WNS Global, Sony, Pepsi, DLF, Bhp Billiton, Tata Motors, vCustorner, Shell India, Spicejet, ITC, Aricent, Ericsson, Convergys, Citibank, Xerox.

The Company believes that the Internet presents a huge potential for retail sales of its wellness products online. The Company is also in the process of tying up with several major Internet portals for distribution of its wellness products online."

Batliboi scheme of arrangement meeting on Jan 25 2008

Batliboi Ltd has informed that pursuant to the order made by the Hon'ble High Court of Judicature at Bombay, a separate meeting of the Equity Shareholders, Preference Shareholders, Unsecured Creditors and Secured Creditors of the Company will be held on January 25, 2008, for the purpose of considering and if thought fit, approving with or without modification, the Arrangement embodied in the scheme of Amalgamation of Batliboi SPM Pvt Ltd ("the Transferor Company") with the Company ("the Applicant Company").

Prakash Industries update on power company

With reference to the news item appearing in a leading web portal titled "Prakash Ind may raise Rs 1000 cr via SPV Prakash Thermal Pwr:Sources", Prakash Industries Ltd has clarified to that the news has been released by them on their assumptions only and the Company has not given any information or given any facts to them in this regards. However, the Company has signed an MoU with Madhya Pradesh State Government for setting up 1000 MW power plant in the State for which the Company has already intimated to the Stock Exchange.

GAIL, RCF enter JV for coal gasification project

Gail India Ltd has informed that the Company and Rashtriya Chemicals and Fertilizers Ltd (RCF) have entered into an MOU for setting up of a coal gasification project by the Company and utilization of the coal gas produced for setting up a fertilizer plant by RCF at Talcher, Orissa. The MoU was signed here on December 28, 2007 by Mr. A K Purwaha, Director (Business Development), of the Company and Mr. H S Karangle, Director (Technical), RCF in presence of Dr. U D Choubey, CMD, of the Company and Shri U S Jha, CMD, RCF.

As part of MOU, the Company will undertake the Techno-economic study for setting up a Commercial Coal Gasification Plant for production of Synthesis Gas, and RCF will carry out the techno-economic study for setting up a commercial plant to produce fertilizer by utilizing the synthesis gas from the proposed Coal Gasification Plant.

Speaking on the occasion, Dr. U D Choubey, CMD of the Company, referred to the critical role of fertilizers in a predominantly agricultural country like ours and the imperative of providing this input to the farmers at a reasonable price. Gas, he said, had always been a preferred feedstock for fertilizers but there is a large demand supply gap of natural gas and therefore considerable efforts are afoot to look for alternate sources of energy. Surface coal gasification, he said, provides a promising alternate source of gas which can also meet the feedstock requirement of the fertilizer industry. This was recognized by both RCF and the Company and he was confident that the project will be a success.

The project would entail an investment of around Rs 2400 crore for setting up the coal gasification plant.

The Company had earlier commissioned a study by Udhe India for examining the potential of the project and it is estimated that the project will help produce 7.76 MMSCMD of synthesis gas (equivalent to 3000 tonnes per day of ammonia) and 3500 tonnes per day of Urea. The Company will focus on the production and marketing of synthesis gas which will be in line with its core function of gas handling.

Both the Companies will also jointly evaluate the potential of Coal Gasification for fertilizer industry and provide assistance to each other for successful implementation of respective projects.

Country Club - QIP update

Country Club India Ltd has informed that the BID Closing Date for proposed issue of equity shares made to the QIBs through Qualified Institutional Placement (QIP) machanism under Chapter XIIIA of SEBI (Disclosure of Investor Protection) Guidelines, 2000 will be December 28, 2007.

Omaxe to bid for conversion of power distribution in Punjab

Omaxe Ltd has informed that M/s. Omaxe Powers Pvt Ltd, 100% Subsidiary of the Company filed Expression of Interest to bid for the execution of 40 no. HVDS Scheme to convert existing low voltage distribution system to high voltage distribution system throughout the State of Punjab.

Bharti Airtel - Leading International Investors Pick Stake Worth USD 1 Billion in Bharti Infratel

Bharti Airtel Ltd has announced that the Bharti Infratel, a wholly owned subsidiary of the Company, on December 28, 2007 announced that leading International investors have agreed to invest USD One Billion in Bharti Infratel. The International investors are Temasek Holdings, The Investment Corporation of Dubai (ICD), Goldman Sachs, Macquarie, AIF Capital, Citigroup & India Equity Partners (IEP), with Temasek Holdings being the largest investor.

The enterprise valuation has been agreed to be in the range of USD 10 to 12.5 Billion, and the final valuation, within this range, will be determined on the basis of Bharti Infratel's actual operating performance in FY 2008-09. This placement highlights the confidence of leading global investors in the Indian telecom sector, which is now the fastest growing telecom market in the world and the Bharti Group. It is also an endorsement of the Government's visionary policy on sharing of passive infrastructure.

Bharti Infratel owns close to 20,000 sites and holds approximately 42% stake in Indus Towers, the recently announced joint venture between Bharti, Vodafone and Idea, which has over 70,000 sites. Bharti Infratel and Indus Towers will provide passive infrastructure services to all wireless telecom operators in India on a non-discriminatory basis. Sharing of passive infrastructure results in capex and opex savings and higher capital efficiency for all wireless operators, enabling quicker roll out of services especially in rural areas, thus benefiting millions of people across India.

Unity Infraprojects gets LOI from Offbeat Developers

Unity Infraprojects Ltd has informed that the Company has received the Letter of Intent from Offbeat Developers Pvt Ltd, Mumbai for Civil Construction Work for construction of Mall named Market City, at Kurla, Mumbai. The Contract Value of the Project is Rs 57.41 crores (Rupees Fifty Seven Crores and Forty One Lakhs Only) excluding the cost of concrete and it is to be completed within 15 months.

Parsvnath Developers completes Phase II of Mega Group Housing project in Noida

Parsvnath Developers Ltd has informed that the Company has obtained the completion and occupancy certificate from NOIDA Authority for its Group Housing project at Noida, Parsvnath Prestige for the second phase, after successfully receiving the completion and occupancy certificate for 1st Phase.

Parsvnath Prestige II with approximately 9 lac sq. ft. of saleable area offers G+9 high rise buildings presenting 3 BR apartments that spell class.

The project is fully equipped with facilities like 100% power back up, provision for piped gas supply, centralized communication system, broadband connectivity, R.O. units for drinking water, provision for water harvesting and reserved car parking.

The Company has now formally received the nod for the project "Parsvnath Prestige", sprawling over 70,000 sq. metres with an offering of 864 units. The total build-up area of the project is 16-lac sq ft. The Phase I of the complex is already housing large number of families.

Located at the most premium location of Noida right on the Greater Noida Express Way & just a few minutes away from both Delhi & all the prime destinations of Noida. Opposite 30 acres of international level shopping paradise being developed by NOIDA and just before proposed speciality cities like the I.T. City, Biotech City, Medical City, Parsvnath Prestige has all the amenities to enhance the level of living. The project boost of extra ordinary recreational facilities like a club with swimming pool, Gymnasium, steam & sauna bath, Jacuzzi, massage room, tennis, squash courts, jogging track among other facilities.

The Company has already completed and handed over many residential and commercial projects in Noida, few of them being "Parsvnath Gardenia", "Parsvnath Residency", "Parsvnath Plaza" within the stipulated time frame.

Bodal Chemicals equity shareholders, preference shareholders & creditors approve Scheme of Arrangement

Bodal Chemicals Ltd has informed that the Equity Shareholders & Preference Shareholders of the Company at the Extra Ordinary General Meeting held on December 26, 2007 (Convened by Hon'ble High Court of Gujarat, Ahmedabad for Amalgamation of Milestone Organics Ltd with the Company), have voted in favour for the Amalgamation of Milestone Organic Ltd with the Company.

Further the Company has informed that at the Separate Meeting of the Unsecured Creditors & Secured Creditors of the Company held on December 26, 2007, (Convened by Hon'ble High Court of Gujarat, Ahmedabad for Amalgamation of Milestone Organics Ltd with the Company), have voted in favour for the Amalgamation of Milestone Organic Ltd with the Company.

MRO TEK - Updates

With reference to suspension of activities in the Joint Venture Company (between RAD Data Communications Ltd and MRO TEK), MRO TEK Ltd has further clarified as follows :

"- The JV company was earlier manufacturing Populated Printed Circuit Boards (PPCBs) pertaining to certain equipment;

- These PPCBs were supplied by the JV company to MRO-TEK Ltd for further processing and manufacture of final equipment, which equipment were sold by MRO-TEK to the ultimate customer/s.

After the present re-structuring and suspension of manufacturing activity/s by the JV company,

- Such PPCBs shall be supplied directly to MRO-TEK Ltd by RAD (of Israel) and

- The Company shall continue to do further processing and manufacture of final equipment, which equipment shall continue to be sold by MRO-TEK to the ultimate customer/s.

As such, the activities and the (business and commercial) interest/s of the Company, as well as ongoing long term relationship with RAD (of Israel), shall continue without being affected in any way, whatsoever."

Mascon Global - Outcome of GDR / FCCB Committee Meeting

Mascon Global Ltd has informed that GDR / FCCB Committee of the Board of Directors of the Company at its meeting held on December 27, 2007, inter alia, has taken following decision:

1. Allotment of Foreign Currency Convertible Bonds (FCCBs) of US $ 100,000 each aggregating to US $ 50 million, convertible into GDRs and / or Shares and delivery of the global certificate representing USS 50 million 2 % unsecured Foreign Currency Convertible Bonds (FCCBs) to Deutsche Bank Luxembourg S.A., the Registrar to the said issue. The Registrar may forward to Deutsche Bank AG, London Branch (as Common Depositary), the Global certificate and other documents relating to such FCCBs.

The FCCBs issued will be listed with Luxembourg Stock Exchange.

Listing Application for the underlying Equity Shares will be applied to the Indian Stock Exchanges upon conversion of the Bonds, if any, from time to time.

R Systems to Acquire Sento Europe

R Systems International Ltd has informed that the Board of Directors of the Company at its meeting held on December 27, 2007, has approved the acquisition of Sento Europe B.V., a Netherlands corporation and Sento S.A.S., a French corporation (collectively known as Sento Europe) from Sento Corporation, USA. The transaction is subject to contracts and corporate and regulatory approvals and it is anticipated that the transaction will be completed before January 15, 2008.

In this regard the Company has issued the following Press Release:

"R Systems International Ltd. (NSE: RSYSTEMS) one of the leading providers of outsourced product development, and technical and customer support services, on December 27, 2007 announced that its board approved the acquisition of Sento Europe B.V., a Netherlands corporation and Sento S.A.S., a French corporation (collectively known as Sento Europe) from Sento Corporation, USA. The transaction is subject to Sento board approval, execution of definitive agreements and corporate and regulatory approvals and it is anticipated that the acquisition will be completed before January 15, 2008.

Sento Europe with operations in Enschede, Netherlands and Metz, France provides a wide range of integrated technical support and customer care services through multiple channels in 16 European languages. Sento Europe primarily focuses on the technology sector and amongst its clients are the world's leading consumer electronic companies. Sento Europe achieved revenues of approximately US$ 14.85 million during the year ended March 2007.

"We are pleased to announce approval of the Board of Directors for the acquisition of Sento Europe. The combination will strategically compliment our iPLM business with a strong base in Europe, extend the breadth and depth of our offering, and will be accretive to our earnings in FY 2008," said Rekhi Singh, CEO of R System. "We look forward to the employees and clients of Sento Europe joining R Systems' family upon completion".

Arrow Webtex acquires Victor Hotels and Motels

Arrow Webtex Ltd has informed about the following:

1. Highstreet Cruises and Entertainment Pvt. Ltd a subsidiary of the Company has purchased 100% equity of Victor Hotels and Motels Ltd. Victor Hotels and Motels Ltd proposes to set up an offshore gaming business.

2. The deal involves a swap of shares whereby Highstreet Cruises and Entertainment Pvt. Ltd acquired 100% equity stake of Victor Hotels and Motels Ltd from Diana Buildwell Pvt. Ltd in exchange for 10% of equity of Highstreet Cruises and Entertainment Pvt. Ltd issued to Diana Buildwell Pvt. Ltd.

Atlanta - Mumbra By Pass commissioned

Atlanta Ltd has informed that the Mumbra By pass on B.O.T. basis has been commissioned and Toll collection at Mumbra By Pass will be commenced with effect from December 28, 2007 as per Government of Maharashtra notification no. PSP-2003/CR-218/LB-2/ROAD-9 dated December 27, 200

Rajesh Exports record date for stock split and bonus

Rajesh Exports Ltd has informed that the Board of Directors of the Company at its meeting held on December 27, 2007, has fixed February 05, 2008, as the Record Date for Sub-division of equity Shares of Rs 2 each to Re 1 each and issue of 2 bonus shares for every 1 share held by the share holders (200% Bonus) on February 05, 2008.

Suzlon Energy record date for stock split

Suzlon Energy Ltd has informed that January 28, 2008 has been fixed as the Record Date for the purpose of sub-division of the face value of the equity shares of Rs 10/- (Rupees Ten Only) each to face value of Rs 2/- (Rupees Two Only) each.

GMR-HIAL awards Fixed Line (V&D) Services concession to Tata Teleservices

GMR Infrastructure Ltd has announced that GMR Hyderabad International Airport Ltd (GHIAL), the developer of Rajiv Gandhi International Airport in Shamshabad, has awarded the fixed line services management contract to Tata teleservices Ltd (TTSL), the leading and fastest growing telecom service provider in India. The contract is valid for a period of five years.

TTSL has emerged as the preferred bidder from among several reputed players in a highly transparent and competitive bidding process. The Company has been selected based on its technical and financial criteria, including its experience, expertise, capability and know-how in the telecommunication business.

As per the agreement, TTSL shall provide Fixed Line (Voice & Data) services at the new international airport in accordance with good industry practices and specifications of GHIAL.

Apart from setting up and maintaining its back office and telecom exchange, TTSL will provide the following facilities at the new airport :

a. Primary Rate Interface lines with Direct Inward Dialing facility

b. Primary Rate Interface lines

c. Integrated Services Digital Network lines (for Video Conference) - BRI

d. Integrated Services Digital Network lines with internet port (for Internet backup)

e. Leased Lines

f. Public Switch Telephone Network lines

g. Virtual Private Network (VPN) connectivity (For GHIAL video conference with GMR offices)

h. Internet Bandwidth (Fibre linked upto PTB)

i. HOT lines

j. Hunting facilities (for Landline)

k. Dual redundant paths to the EPABX from separate exchanges

l. Premier support i,e. uptime of minimum 99.99999%

m. 10,000 telephone numbers in series to be allotted to the Airport.

Speaking on the occasion, Mr. Rajgopal Swami, Chief Financial Officer, GHIAL, said: "Telecommunication is a key component of the functioning of an airport. We have chosen Tata Teleservices based on its experience and expertise in the telecom field and we are confident that it would deliver the infrastructure and services at par with the facilities found in any other International airport."

Cambridge Solutions scheme of arrangment

Cambridge Solutions Ltd has informed that pursuant to the Order made by the Hon'ble High Court of Karnataka at Bangalore has directed that separate meeting of the equity shareholders, Secured Creditors and Unsecured Creditors of the Company will be held on January 22, 2008, for the purpose considering and if though fit, approving with or without modification(s), the arrangement embodied in the Scheme of Amalgamation and Arrangement of Cambridge Integrated Services India Pvt Ltd and Matrixone India Ltd with the Company.

Mukand Updates

With reference to the Published Unaudited Financial Results of the Company for the quarter ended September 30, 2007, Mukand Ltd has informed that in note no 2 to the unaudited financial results, the Company had mentioned as under :

"To reduce Company's dependence on procurement of coke from the market and to cut costs, Company has, after the close of the quarter, signed a Memorandum of Understanding with a party to purchase its coke manufacturing facilities in the State of Maharashtra with a capacity to produce 120,000 MT per annum of Metallurgical Coke from Coking Coal."

The above note to the unaudited financial results was added as the Memorandum of Understanding (MoU) was signed with the party on October 10, 2007 after the closing of the quarter ended September 30, 2007. The said MoU inter alia provided that the purchase was subject to due diligence to be carried out by the Company. After due diligence, it was found that aforesaid purchase was not in the interest of the Company to proceed further in the matter. Accordingly, said MoU has been terminated on November 28, 2007.

The Company has acquired land near its plant at Ginigera (Karnataka) to set up its own coke manufacturing facilities and hence there will be no financial impact on costs due to aforesaid termination of MoU.

GAIL and Oil India MoU for future operations

Gail India Ltd has announced that the Company and OIL India Ltd, on December 27, 2007 has signed a Memorandum of Understanding (M0U) for joint cooperation in various business areas. The agreement was signed by Dr. U D Choubey, CMD, of the Company and Shri M R Pasrija, CMD, OIL. Others present on the occasion included Shri Santosh Kumar, Director (Projects), Shri A K Purwaha, Director (Business Development), Shri B C Tripathi, Director (Marketing) and Shri Arvind Jadhav, Chief Vigilance Officer from the Company, Shri T K Ananth Kumar, Director (Finance) and Shri B N Talukdar, Director (Exploration & Development) from OIL, Shri Manu Srivastava, Director, Ministry of Petroleum & Natural Gas along with other senior officials from both the companies.

Various areas of mutual interests identified in the MoU include Exploration and Production, Natural gas Marketing and Transmission, City Gas Distribution, Coal Bed Methane, Petrochemicals and Technology and Knowledge Sharing. Both the companies will explore opportunities for cooperation in greater details so that respective resources could be pooled on the basis of mutuality and reciprocity.

As part of the agreement, the two companies will jointly participate in the potential blocks, mainly onshore and offshore blocks in the forthcoming NELP VII bidding round. The two Companies will also examine the possibility of joint bidding for overseas exploration blocks and also securing farm-in options in already awarded exploration blocks in India and abroad.

Considering the likely discovery of gas by OIL from its E&P blocks and the Company's vast geographical spread of its existing / planned gas transmission networks and its experience in marketing of gas, the two companies will explore cooperation in transportation and marketing of OIL's share of gas from new discoveries through the Company's existing pipeline network and new infrastructure being created / planned by the Company. Further, the Company and OIL may consider examining joint participation in gas pipeline projects abroad including transnational gas pipeline projects.

The two companies will also examine joint implementation of city gas distribution projects in major cities of Assam and in other states through Joint Venture route along with interested third parties.

Similarly, the Company and OIL will discuss cooperation in CBM opportunities, petrochemicals sector in India and abroad including joint participation in the next CBM bidding round in India.

The Company & OIL are already partners in the Brahamaputra Cracker and Polymer Ltd (BCPL) at Dibrugarh in Assam, where the Company holds 70% equity and OIL 10%. The two companies have considerable technology and knowledge bank developed over the years and they will cooperate with each other in sharing technology and knowledge wherever feasible in mutual interest through training of personnel in areas such as E&P, pipeline and City gas / CNG operations.

Mahindra Lifespace Developers - ESOS

Mahindra Lifespace Developers Ltd has informed that pursuant to the recommendation of the Remuneration Committee of the Board of Directors of the Company, the Company has approved grant of first tranche of Options under the Company’s Stock Option Scheme (ESOS — 2006) to certain eligible employees/Directors of the Company.

The brief details of the Options granted are as under:

1. Date of recommendation of the Remuneration Committee for grant of Options or the relevant date - December 27, 2007

2. Number of Options granted - 7,05,376 Options, each Option represents one equity share of face value of Rs. 10 each

3. Number of equity shares covered under the Options granted - 7,05,376 equity shares of Rs. 10 each

4. Exercise price - Rs. 670 per Option calculated in accordance with the approval of the shareholders at the 7th AGM, at a discount not higher than 15% of the average of the daily high and low of the prices of the Company’s equity shares quoted on the Bombay Stock Exchange Ltd during 15 days preceding grant of the Options.

5. Vesting period - The vesting of Options commences after a period of 12 months from the
date of Grant in four tranches as given below:

Year - 1
Entitlement - 25%
Vesting Schedule - 12 months from the date of grant

Year - 2
Entitlement - 25%
Vesting Schedule - 24 months from the date of grant

Year - 3
Entitlement - 25%
Vesting Schedule - 36 months from the date of grant

Year - 4
Entitlement - 25%.
Vesting Schedule - 48 months from the date of grant

6. Exercise Period - The exercise period shall commence from the date of vesting and will expire upon completion of five years from the date of vesting

7. The grants have been made as per the terms and conditions mentioned in the scheme (ESOS —2006)

Panoramic Universal real estate plans

Panoramic Universal Ltd has informed that the board has been evaluating a real estate proposal for setting up of township in Jaipur. The proposal under consideration is at a nascent stage for a gated township project spread over 160 Acres valued at around 3000 Crores having Hotels, Residential & Commercial Complexes, Hospitals etc. At an opportune time, reputed partners in form of Private Equity / Rea Estate investors would be invited to join the SPV to execute the project in the next five years, to be funded with a mix of debt and equity. By the end of the FY 08, further details on the project can be known

NMDC Board approves Bonus Issue & Stock Split

National Mineral Development Corporation Ltd (NMDC) has informed that the Board of Directors of the Company at its meeting held on December 27, 2007, has approved the following subject to the approval of the General Body of the Company:

1. Issue of Bonus Shares by NMDC in the ratio of two shares for every one share held in the Company.

2. Splitting of Shares of Rs 10 each into ten shares of Re 1 each.

3. Enhancement of the paid-up equity capital of NMDC from Rs 150 crore to Rs 400 Crore.

4. Amendment of the Memorandum and Articles of Association of the Company to give effect to the increase of Authorised Capital, splitting of shares and capitalization of reserves to facilitate issue of bonus shares.

PTL Enterprises - stock split

PTL Enterprises Ltd has informed that the Board of Directors of the Company at its meeting held on December 27, 2007, inter alia, has approved Split of one Equity Share of Rs 10/- each into 5 Equity Shares of Rs 2/- each, subject to approval from shareholders. Approval of the shareholders is being sought for the above split through Postal Ballot.

Shree Cement - Commissioning of Khushkhera Grinding Unit (Second Unit)

Shree Cement Ltd has informed that the Company has commissioned its second 1.5 MTPA Cement Grinding Unit at Village Khushkhera, near Gurgaon on December 26, 2007.

Balrampur Chini Mills outcome of EGM

Balrampur Chini Mills Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 24, 2007, inter alia, have authorised the Board to issue offer and allot upto 73,00,000 (Seventy three lacs) equity shares of Re 1 each, at a price of Rs 92 per share (including Premium of Rs 91) and upto 1,00,00,000 (one crore) Convertible Warrants (Warrants), to be convertible at the option of Warrant holder in one or more trenches, within 18 (eighteen) months from its allotment date into 1 fully paid up Equity Share of the Company of face value of Re 1 each for cash at an exercise price of Rs 92 (including premium of Rs 91) for each warrant and to issue fresh Equity Shares on the conversion of the warrants, on such further terms and conditions as may be finalised by the Board to following persons belonging to Promoter Group:

a. Shri. Kamal Nayan Saraogi

- No of equity shares: 2363900
- No of Warrants: 4111000

b. Smt. Meenakshi Saraogi

- No of equity shares: 867800
- No of Warrants: 922000

c. Smt. Satyawati Saraogi

- No of equity shares: 222500
- No of Warrants: -

d. Mr. Karan Saraogi

- No of equity shares: 381200
- No of Warrants: -

e. Miss. Avantika Saraogi

- No of equity shares: 181200
- No of Warrants: -

f. Meenakshi Mercantiies Ltd

- No of equity shares: 1563400
- No of Warrants: -

g. Udaipur Cotton Mills Co. Ltd

- No of equity shares: 1720000
- No of Warrants: 4967000.

Mindtree Consulting acquisition

MindTree Consulting Ltd has informed that the Company had signed a Definitive Agreement dated November 14, 2007 with shareholders of TES PV Electronic Solutions Pvt Ltd ("TES PV"), for acquisition of 100% shares in the said Company.

Further the Company has informed that, the Company has completed the process of acquiring TES PV Electronic Solutions Pvt. Ltd on December 17, 2007. Consequently, TES PV Electronic Solutions Pvt. Ltd has become 100% subsidiary of the Company.

Ahluwalia Contracts - Award of New Orders

Ahluwalia Contracts India Ltd has informed that the Company has received following new work orders / letter of intents from as per details given below:

1. Up-gradation and Renovation of Dr. S P M Swimming Pool Complex, New Delhi from Government of India, CPWD, Office of Executive Engineer, Commonwealth Games Division-VI, New Delhi.

- Amount (Rs in Crores): Rs 230.00

2. Chalet Hotel Ltd (K RAHEJA CORP.) at Mumbai, Proposed Hotel Work "Renaissance" Phase-III, Civil & Structural Work at Mumbai

- Amount (Rs in Crores): Rs 111.00

The total Value of Awarded worth is Rs 341.00 Crores.

Parsvnath Developers to build Highway Mall at Rajpura

Parsvnath Developers Ltd has announced the launch of its premium commercial project, Parsvnath Highway Mall, in the city of Rajpura, Punjab. The project will enhance the travelers' joy by combining comfort and leisure.

The project is specifically designed to offer commercial space to house large format stores showcasing range of aspirational brands to customers and will have a total saleable area of approximately 2.30 lac sq. ft.

Strategically located in the vicinity of Ambala on NH 1 the project is in the close proximity of Shambhu border showcasing a captivating visibility with 800 sq. ft. wide frontage. The project will be a host to number of famous retail outlets and a terminus to famous brands. The mall will facilitate 100% power backup for its retailers and will also provide a huge parking space for the ease of its visitors. Adding more on attractions, the project will have a huge range of cuisines under a single roof hub of a multi cuisine food court.

The project is a part of Parsvnath King City, a mega township project consisting of independent plots, villas, group housing, schools, landscaped gardens etc with total sale worth of Rs 250 crores approximately.

Suven Life Sciences gets patent

Suven Life Sciences Ltd on December 27, 2007 has announced that the US Patent office has granted Product Patent # US 7,297,711 to Suven. This is Suven's first product patent granted in USA. The granted claims of the patent include the class of selective Serotonin receptor affinity compounds discovered by Suven and are being developed as therapeutic agents. According to the invention '711 patent disclosure, the compounds are useful in the treatment of neuro-degenarative disorders like Alzheimer's Parkinson, Schizophrenia and Huntington's.

Suven has so far filed 29 product patent applications through PCT covering more than 145 countries, out of which 5 patents are granted in various countries. There are several other patent applications from Suven Discovery Research are in the pipeline that have completed the administrative and technical diligence from the patent offices from major countries and would be granted shortly.

Suven has filed its first Investigational New Drug (IND) application with DCGI to conduct the clinical Phase-I study on their developmental candidate SUVN-502 and several candidates are in discovery pipeline undergoing GLP pre-clinical studies.

"We are very pleased by the issuance of this patent to Suven by US Patent office for our drug candidates that are being developed for CNS disorders which targets a $18 billion potential market opportunity" says Venkat Jasti, CEO of Suven.

DMC international acquires land

DMC International Ltd has informed that the Company has entered into MOU(s) to acquire approximately 200 acres of agricultural land near Kota, Rajasthan. The Company is planning to start Agri-Farming on these lands with Israel technology and consultancy.

Time Technoplast - Acquisition of Bahrain based battery manufacturing Company

Time Technoplast Ltd has announces acquisition of 100% shareholding in Gulf Powerbeat WLL (GPW), Kingdom of Bahrain - through its subsidiary (71%) NED Energy Ltd (NED), Hyderabad. GPW has state-of-art production facility at South Alba Industrial Area, Manama, Bahrain for manufacture of high quality Long Life batteries. It is currently owned by a reputed business family of UAE who offered to disinvest in battery business to remain focused on their large size projects in the area of finance and real estate, etc.

The Company has entered into the battery business early this year through acquisition of NED Energy Ltd - Hyderabad based Company, manufacturing Valve Regulated Lead Acid (VRLA) batteries mainly for high growth telecom sector. NED has successively increased its capacity in FY '07 and FY '08 (present day capacity 100 mn AH) and is completely sold out on its present capacity.

To meet the huge demand of its products and to further bring new products for the fast growing automotive sector, NED is tripling its present capacity from 100 mn AH to 300 mn AH through project expansion at Jammu (J&K) which is expected to come on stream by Q2 FY'09. This acquisition of GPW shall provide NED 'ready to use' capacity which could be integrated fully with NED's operation in next 3 months.

GPW, Bahrain has installed capacity for telecom / automotive batteries of up to 150 mn AM with surplus capacity to produce vital battery components (grids and Lead plates) of additional 250 mn AH. NED plans to tap GCC market for automotive batteries and bring additional components into India to augment the capacity of its Hyderabad plant from 100 mn AM to 200 mn AM in the first phase.

The total investment in Bahrain project is estimated at US$ 10 mn over next 3 years and shall be financed through a mix of equity contribution from NED and overseas debts.

Ballarpur Industries Scheme of arrangement

Ballarpur Industries Ltd has informed that the Scheme of Arrangement and Reorganisation between the Company and BILT Graphic Paper Products Ltd and their respective Shareholders and Creditors (the Scheme") has been duly sanctioned by the Hon'ble High Court of Bombay, Nagpur Bench vide its order dated November 30, 2007 & the Company have filed on December 26, 2007 the certified copy of the said order, alongwith Form - 21, with the Registrar of Companies, Mumbai for making the Scheme effective.

Further, the Company is also awaiting the other necessary procedural approvals. On receipt of the same, the Board of Directors / Committee of Directors of the Company shall determine the Record Date and intimate the same.

BOC to develop property at Hyderabad

BOC India Ltd has informed that the Company has entered into a Development Agreement with a developer in respect of its property comprising land and building situated at Sanathnagar, Hyderabad. Based on the Agreement, the Company will receive as consideration 25% of the total area that is proposed to be developed/constructed. The Company has in terms of the Agreement encashed 80% of the area receivable as consideration through a separate Agreement with the builder for Rs 62.22 crores, which has since been received in full. As per the Agreement, the Company has the option to encash the balance 20% of the area receivable as consideration before March 30, 2008.

Temptation Foods preferential issue

Temptation Foods Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 26, 2007, inter alia, have accorded the following:

1. Approval of the issue of 50,000 Equity Shares of the Company to Ms. Karen Anand and Mr. Yadu Sankalia (25,000 Equity Shares to each), on preferential basis, at an issue price of Rs 200/- per Equity Share, for consideration other than cash.

2. Approval of the issue of 3,30,000 Warrants to Directors and Business Associates, on preferential basis, at an issue price of Rs 200/- per Warrant to be converted into one fully paid Equity Share of the Company of Rs 10/- each for every Warrant held at a conversion price Rs 200/- per Equity Share.

3. Approval of the issue of 30,00,000 Warrants to Venture Business Advisers Pvt Ltd, the promoter Company, on preferential basis, at an issue price of Rs 200/- per Warrant to be converted into one fully paid Equity Share of the Company of Rs 10/- each for every Warrant held at a conversion price Rs 200/- per Equity Share.

4. Approval of the issue of 70,00,000 Warrants to NRI Tax Services.com India Ltd, on preferential basis, at an issue price of Rs 200/- per Warrant to be converted into one fully paid Equity Share of the Company of Rs 10/- each for every Warrant held at a conversion price Rs 200/- per Equity Share; and

5. Approval of the appointment of Mr. Vinit Kumar as the Managing Director of the Company and of the remuneration and perquisites and other terms and conditions of the appointment.

Vishal Retail - Opening of New Showrooms

Vishal Retail Ltd has informed that the Company has opened two new Showrooms at:

- M C No. HR - 98, Guru Khanshi Marg, Bhatinda, Punjab spread over an area of 15,500 Sq. Ft (Approx) on December 19, 2007.

- Thakur Mall, Village Mahajanwady, Post Mira, Thane, Maharashtra spread over an area of 1690 Sq. Ft (Approx) on December 19, 2007.

The total no. of stores opened by the Company has reached to the tally of 78 stores
spreading across an area of 1,789,354 Sq. Ft. (Approx).

Standard Industries Updates

Standard Industries Ltd has informed that Standard Salt Works Ltd was a subsidiary of the Company wherein the Company held approximately 76% Equity Capital of Standard Salt Works Ltd. The company has now acquired all the shares of Standard Salt Works Ltd, thus making Standard Salt Works Ltd a wholly-owned subsidiary of the Company.

Refex Refrigerants enters into partnership with TV18

Refex Refrigerants Ltd has announced that the Company has entered into a partnership with TV 18, India's fastest growing media and entertainment Company.

Speaking on the development, Mr. Anil Jain, Managing Director of the Company said Refex is on a high growth path and our association with TV 18 will propel us to greater heights and we plan to work closely with TV 18 to achieve the goal of building Refer into a global market leader. This partnership is a significant milestone for the Company and a testimony to the inherently strong business model and environmentally conscious approach followed by Refex. Refex is poised for great gains as it had always been a enthusiastic and vocal supporter of environmentally friendly HFC products which would not deplete the ozone and help build a better environment to live in.

Akruti City - DLF project wins award

Akruti City Ltd has informed that DLF Akruti Info Parks (Pune) Ltd., a joint venture SEZ project between the Company and DLF has bagged the prestigious 'BAI Universal Award 2007 for Best Equipped and Mechanized Site'. The joint venture SEZ project, currently under construction at the Rajiv Gandhi Infotech Park, Phase II, Hinjewadi, was identified for the award.

Since the last decade, the Builders' Association of India (BAI) has been instrumental in
initiating awards for "Well Built Structure" under various categories. The key objective of these awards is to create an awareness amongst construction professionals on the
importance of quality, time and economy, thus helping industry in upgrading and innovating from current standards.

Getting this recognition from BAI is an endorsement of the high standards adopted to
meet the exacting demands. Winning this award also demonstrates the Company and DLF's committed effort and teamwork. After going through a stringent pre-qualification process, and powered by exceptional execution capabilities, this fast-track project has achieved ambitious targets in a very short timeframe.

Said Mr. Hemant Shah, Chairman, of the Company, "We bagged this award on the basis of our strengths in mechanization of all aspects of work, as well as meticulous methodologies of doing end-to-end monitoring of various aspects of the project. Our ability to mobilize system formwork, self-erecting cranes, concrete batching plants, steel cutting and bending machinery were the key parameters that judged our capability to deliver the project on time. By delivering on time while also ensuring quality, we are able to help our customers achieve greater business success".

Pyramid Saimira to take up a mega Kannada movie - Omm

Pyramid Saimira Theatre Ltd has informed about the development of the Company's operations in Karnataka. M/s. Pyramid Saimira Productions International Ltd., a division of Pyramid Saimira Group is going to take up a mega Kannada movie project, Omm. The movie will be directed by Mr. Ravi Srivatsva and will feature Shiva Raj Kumar, Raghavendra Raj Kumar and Puneet Raj Kumar, the three Sons of thespian, Dr. Raj Kumar.

It is a matter of great pride and honour for the Company's group that Dr. Raj Kumar's sons have agreed to act together for the first time in this project and the Company is sure that this project will prove to be one of the rarest movies in the Kannada film industry.

Zuari SEZ to develop land

Zuari Industries Ltd has informed that Zuari SEZ Ltd, a subsidiary of the Company has acquired M/s. Anil Kumar M N Developers Pvt Ltd, a Company holding 73.65 acres of land at Hullkere Village, Belagola Hobli, Srirangapatna Taluk, Mandya District, Karnataka.

The said land will be developed jointly by Zuari SEZ Ltd and the associate Company in the K K Birla Group on 50:50 basis.

ICICI Bank allotted Southern Iron and Steel shares

Southern Iron & Steel Company Ltd has informed that as on December 21, 2007, ICICI Bank Ltd was holding 1,79,72,579 equity shares in the Company which is equivalent to 6.14% of the equity shares of the Company.

On December 22, 2007, the Company has allotted 1,31,33,871 equity shares of Rs 10/- at a premium of Rs 52/- per share to ICICI Bank Ltd, on conversion of Optionally Convertible loan of Rs 81,43,00,060 as per the CDR package and Master Restructuring Agreement dated July 11, 2007.

With this allotment, ICICI is holding 3,11,06,450 equity shares as on December 22, 2007, which is 9.40% of the total equity shares of the Company.

Kilburn gets orders from Deepak Fertilizers

Kilburn Engineering Ltd has informed that the Company has received Letter of Intent from M/s. Deepak Fertilisers & Petrochemicals Corporation Ltd. for Dryer, Pre Dryer & Coating drums aggregating Rs 10.05 crores.

The total order book as on date including the above is Rs 74.53 crores.

VSNL sells 10% equity in its Sri Lanka subsidiary

Videsh Sanchar Nigam Ltd (VSNL) has announced that it has sold 1,517,936 shares representing 10% of the paid up capital in its wholly-owned subsidiary VSNL Lanka Ltd. The shares have been acquired by Sunshine Holdings PLC, a Sri Lankan conglomerate for about Sri Lankan Rupees 75 million.

Sunshine Holdings PLC has interests in pharmaceuticals, travel & tourism, tea & rubber cultivation and managing portfolio investments. Sunshine Holdings PLC has actively supported VSNL Lanka in its growth plans over the last few years; Mr. Vish Govindasamy MD of the Sunshine Group has been a director on the Board of VSNL Lanka since its inception. Sunshine Holdings PLC has the option to acquire an additional 5% of VSNL Lanka's share capital in the next 12 months at fair market value.

"This partnership with Sunshine Holdings PLC will enable VSNL Lanka to capitalize on our partner's intimate knowledge of and experience in the Sri Lankan market. This is also part of our attempt to unlock value for our shareholders in an appropriate manner," said Mr. Rajiv Dhar, CFO of VSNL.

"We have been working closely with VSNL in Lanka and this investment reiterates our commitment to this partnership. We firmly believe that VSNL Lanka will be able to achieve a strong position in the Sri Lanka telecom market," said Mr. Vish Govindasamy.

VSNL Lanka has been offering international voice and data services in Sri Lanka through an External Gateway Operator's licence since February 2004. VSNL Lanka would continue to play a leading role in the fast growing Sri Lankan market for international voice and data services. VSNL Lanka had recorded cash profits in the first six months of its operations and net profits in the first year itself.

Larsen & Toubro - L&T bags order worth USD 110.37 mn for Muscat Golf Course

Larsen & Toubro Ltd (L&T) has announced that Larsen & Toubro (Oman) LLC has added one more feather to its cap by securing the prestigious project of Muscat Golf Course valued at Rs 433.5 Crores (R.O.42.500 Mn & US$ 110.37 Mn).

The order is for township development encompassing construction of the following:-

• 80 Nos. Luxury villas.
• 25 Nos. of 3 storied apartments.
• Related Building Services.
• HV / LV Installations.
• External Services.
• Roads & Culverts.
• Perimeter Fencing.

The promoters of the project are Muscat Golf Course Project LLC, one of the major developers in Sultanate of Oman. The project site is located near A1 Seeb International Airport.

The project completion period is 21 months & the consultants for the project are M/s. Cowi & Partners LLC and Cost Consultants will be M/s. Majan Engg. Consultants.

Being a high value & prestigious project L&T (Oman) LLC bagged the order amongst stiff competition.

Larsen & Toubro (Oman) LLC is a joint venture of Larsen & Toubro Ltd - India and The Zubair Corporation, which is one of the leading business group in the Sultanate of Oman. Larsen & Toubro (Oman) LLC has been operating in this country since 14 years and making its presence felt in the construction industry of Oman with every passing day.

Larsen and Tourbo gets orders from Oman

Larsen & Toubro Ltd (L&T) has announced that Larsen & Toubro (Oman) LLC, one of the leading Engineering & Construction majors in Oman, has received two EPC Contracts totaling US$ 79.71Mn (Rs 315.20 Cr), from Dhofar Power Company and Muscat Electricity Distribution Company for Electrical Substations & associated works in Oman.

The contract from DPC, valued USD 47.16Mn (Rs 186.50 Cr), is for strengthening various Transmission and Distribution Systems in Dhofar Region, in order to meet the growth in demand and new loads. It involves construction of New Substation, Modernization & expansion of existing network and construction of associated Overhead Lines and cabling works.

Muscat Electricity Distribution Company has placed orders totaling USD 32.55Mn (Rs 128.70 Cr) for Construction of 5 Nos of 33/11.5 kV Primary Substations and associated cabling works at Al Hail North, Azaiba North, Al Mawaleh South, Qurum Heights & Al Amret Area. On completion of these substations, the growth demand and new loads within the Muscat area will be met.

Dhofar Power Company & Muscat Electricity Distribution Company are the major power distribution companies existing in Oman.

These projects will be executed by Power Transmission & Distribution Sector of L&T Oman and are to be completed in a time span of 7-16 months, under the consultancy of M/s Mott MacDonald & Energoprojekt Entel LLC.

Larsen & Toubro (Oman) LLC is a joint venture of Larsen & Toubro FZE and The Zubair Corporation. Larsen & Toubro (Oman) LLC has been operating in this country since last 14 years and making its presence felt in the construction industry of Oman with every passing day.

Siel - outcome of EGM

Siel Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 12, 2007, inter alia, have accorded the following:

1. Increase the Authorised Share Capital of the Company from Rs 100,00,00,000/- (Rupees One Hundred Crores) divided into 7,00,00,000 Equity Shares of Rs 10/- each, 5,00,000 - 13.5% Redeemable Cumulative Preference Shares of Rs 100/- each and 25,00,000 - 0.01% Redeemable Cumulative Preference Shares of Rs 100/- each to Rs 175,00,00,000 (Rupees One Hundred Seventy Five Crores) divided into 17,50,00,000 Equity Shares of Rs 10/- each and consequential amendments in the Memorandum & Articles of Association of the Company.

2. Re-appointment of Mr. Siddharth Shriram as Managing Director of the Company for a period of 5 years w.e.f. October 15, 2007, on remuneration, terms & conditions.

3. Appointment of Mr. A K Mehra as Whole Time Director of the Company for a period of 5 years w.e.f. October 15, 2007, on remuneration, terms & conditions.

4. Authority to the Board to create, offer, issue and allot, from time to time in one or more tranches, Equity Shares to be subscribed by the Promoters, whether or not such Promoters are Members of the Company, under a preferential issue through an offer letter and / or circular and / or information memorandum and / or such other documents / writings, in such a manner and on such terms and conditions as may be determined by the Board its absolute discretion; provided that the price of the Equity Shares issued shall not be less than Rs 25.35 (including a premium of Rs 15.35) per Equity Share of Rs 10 each being the price with respect to the Relevant Date i.e. September 26, 2007, as prescribed under the Guidelines for Preferential Issues contained in Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 and further provided that the aggregate amount of the Equity so issued including premium shall not exceed Rs 15 crores (Rupees Fifteen crores only), subject to necessary provisions & approvals.

5. Authority to the Board of Directors of the Company to borrow such sums of monies as it may think fit notwithstanding that the monies so borrowed may exceed the aggregate of the paid up capital and free reserves of the Company subject to an overall limit of Rs 1000,00,00,000/- (Rupees One Thousand Crores), subject to necessary provisions & approvals.

6. Authority to the Board of Directors of the Company for mortgaging and / or charging all or any assets including moveable or immoveable properties of the Company both present and that may be acquired in future, in favour of the Banks, Financial Institutions and other bodies for securing any loans or other banking / credit facilities obtained or as may be obtained from time to time upto a maximum amount of Rs 1000,00,00,000/- (Rupees One Thousand Crores), subject to necessary provisions & approvals.

7. In terms of Scheme of Arrangement for Amalgamation approved by the Hon'ble High Court of Delhi vide its order dated September 11, 2007 and subject to the approval of Central Government / Registrar of Companies and such other approvals as may be required in this regard, the name of the Company be changed to "Mawana Sugars Ltd".

AstraZeneca Pharma India record date for bonus debentures

AstraZeneca Pharma India Ltd has informed that the Company has fixed January 11, 2008 as the Record Date for determining entitlement to the issue of 8% secured fully paid redeemable non-convertible bonus debentures from General Reserve of the Company (Bonus debentures) pursuant to Scheme of Arrangement filed with the High court of Karnataka ('Scheme').

The Company has informed that consequent to the Order of the High Court of Karnataka sanctioning the Scheme of Arrangement, the Company has now received the no-objection from the Reserve Bank of India (RBI) to the issue.

Accordingly, in terms of the Scheme, the Company would be initiating further steps for issuance of Bonus Debentures aggregating to Rs 62.50 crores, in the ratio of one debenture of the face value of Rs 25/- each for every equity share held by the shareholders as on the Record Date, redeemable at the end of 12 months from the date of allotment.

KPIT Cummins gets money for allotment

Kpit Cummins Infosystems Ltd has informed that the Company has received US $ 5,000,000 towards the consideration for allotment of 1,510,877 equity shares. The exchange rate applied at time of computing the consideration INR equivalent was 39.31 (being the RBI reference rate as at October 16, 2007).

The exchange rate on conversion of the USD remittance to INR was 39.29 (prevailing rate as at November 19, 2007). The resultant difference in the INR amounts owing to these rates represents exchange loss and has been accounted for accordingly.

Jagran Prakashan record date for split

Jagran Prakashan Ltd has informed that January 16, 2008 has been fixed as the Record Date for the purpose of Sub-Division of face value of Equity shares from Rs 10/- per share to Rs 2/- per share.

Inducto Steel - scheme of amalgamation

Inducto Steel Ltd has informed that the Scheme of Amalgamation of HARIYANA INDUSTRIAL GASES PVT LTD and INDUCTO TECHNOCASTING PVT LTD with the Company have been sanctioned by the Hon'ble High Court of Gujarat, Ahmedabad by an order dated August 27, 2007.

Deep Industries gets LOI from GSPL

Deep Industries Ltd has informed that the Directors of the Company announces that the Company has obtained the LOI (Letter of Intent) in respect of contract with Gujarat State Petronet Ltd for Compression of Natural Gas at Olpad for the period of 5 years. The approximate Contract value for gas compression is around Rs 300 Million.

XL Telecom enters into Power Generation

XL Telecom & Energy Ltd has announced that the Company has decided to enter into POWER GENERATION SEGMENT with initial investments in Spain, the current global destination for Grid Connected Solar Energy.

Saptashva Solar Ltd, a wholly owned subsidiary of the Company will establish a series of "Solar Farms" for Power Generation in Spain with a target for the first year of about 28 MW capacity. The medium term target is to install close to 200 MW of these farms in Spain and surrounding Portugal alone. Other countries are also being explored for establishing such farms to avail of the benefits offered and to go up the solar "value chain".

The solar farms proposed to be established in the first year would require a total investment of about Euro 168 Million or Rs 10 Billion. The project is expected to have debt equity ratio of 1:4 and would largely get funded by local banks. As the investments are being made in the wholly owned subsidiary of XL Telecom & Energy Ltd, the Company do not envisaging any dilution in the parent Company on account of this investment.

Based on the current policy and legislation, the project is expected to have 25 year PPA from the local Utility Company. Saptashva would generate on first full year of operations with this capacity about Euro 17.740 Million or Rs 1 Billion with 20% Margins for next 25 years. The first Solar Farm of 2.3 MW would be implemented before March, 2008 and the balance would get installed by Dec 2008.

The proposed model would have multi fold benefits to the Company, first it will give opportunity to be the only player to focus on alternative power generating player in the world, second it will ensure the Company moving in the Solar Value chain from the current Solar Photovoltaic Panel supplier to Total System Integrated Player, which mean substantially higher per watt realization going forward, while lastly it will create larger market for its parent Solar Production.

Spain offers significant opportunities in Solar Power Generations with its target of about 1,200 MW solar farms every year. Spain Government supports the investments in Solar by offering land on a long lease basis and also subsidized long term Bank loans.

Gemini procures orders for rural broadband access worth Rs 200 Crores

Gemini Communication Ltd has informed that the Company has partnered with Midas Communication Technologies Pvt Ltd, Chennai for executing a Project ("EDWAS Project") for BSNL in the states of Tamii Nadu, Karnataka and Haryana with an order size of approx Rs 260 cr. The project shall be executed in phases with the I phase of the order to the tune of Rs 50 cr in the state of Tamil Nadu. Midas has outsourced the implementation of EDWAS Project on a turnkey basis to Gemini. According to the MOU entered the pioneering Technology developed by Midas has to be implemented and deployed by Gemini within the total time schedule of 150 days.

Scope of the Project

Midas bid for the EDWAS (Broadband corDECT) tender for planning, design, supply, installation & commissioning of Enhanced Digital Wireless Access System with broadband internet access based on DECT technology. This tender, floated by BSNL envisages Supply, Installation & Commissioning of 134 Base Station Controller (BSCs) and 1,340 Base Station Sites in the states of Tamil Nadu, Karnataka and Haryana for the purpose of providing Voice and Broadband Data Services in these states. As part of the Tender Midas has an obligation for the Installation and Commissioning on a Turnkey basis, for which it has partnered with the Company.

CS Software bags orders

CS Software Enterprise Ltd has informed that the Company has bagged orders for rendering high-end Engineering services to a world leading supplier of jet engine test cells, data acquisition and control systems, and jet engine test equipment and belonging to SAFRAN group.

This enables the Company to foray into Jet Engine Maintenance Repair Overhaul (MRO) design and engineering services.

Adarsh Plant may get foreign investment

Adarsh Plant Protect Ltd has informed that Mr. Aatish Patel - Executive Director has cleared the first hurdle in negotiating for the Foreign Investments in the benefits of the Company. The Company has received the LOI from Lewis & Co., (Streatham) Ltd., for taking in stake to the extent of 4.50%. The price would be decided as per the SEBI Guidelines Chapter VIII.

This is the first time the Company proposes to allot shares to some Foreign Based Investors. This is the result of the exercise of negotiating with FIs, HNIs and others for Fund Raising Activities. The fund raised would be utilized for expanding its product line and investing in R&D Divisions etc.

Further Company is in the process of developing new products in the most trusted and growing areas of the countries economy, Viz: Power, Agriculture, Engineering sectors. The Company has state of art installed manufacturing and R & D unit of 6000 sq mtrs with staff strength of 200.

Further, the Company is at a very advanced stage in negotiating with other investors for investment opportunities for raising funds. Any development in the same would be informed the share holders in the due course.

D-Link India receives demand for payment

D-Link India Ltd has informed that the Company has received an demand for payment of differential excise duty of Rs 3.41 crores under Section 11A (2) of the Central Excise Act, 1944 for the period February 01, 2001 to March 31, 2005 and equivalent amount of penalty under Section 11AC of the Central Excise Act, 1944 read with Rule 173Q of the Central Excise Rules, 1944 and Rule 25 of the Central Excise Rules, 2002 along with accrued interest thereon as per the applicable rates under the Central Excise Act, 1944.

The Company is taking legal opinion on the above order and will keep posted of any further action taken by the Company in the aforesaid matter.

Himalya to supply Yogurtto Reliance Retail

Himalya International Ltd has announced that Reliance issues LOI to source Yoqurt & flavored milk from Himalya International.

Reliance has already approved Himalya's cheese facility for the Dairy products and entered into an agreement for buying Cheese for Retail Stores.

Himalya shall extend it's dairy Processing plant and invest in state of art Yogurt plant to be imported from USA.

Himalya plans to launch flavored and Fruit yogurts in various other Retail Chains besides Reliance in 2008.

Yogurt & Yogurt drinks are fastest growing segments in food & Beverage category.

Confidence Petro secures orders from PSU oil companies

Confidence Petroleum India Ltd has informed that the Company has been conferred with orders by -

1. M/s. Bharat Petroleum Corporation Ltd for providing LPG bottling assistance to the tune of 75,000 MT [Seventy five Thousand MT] to cater to their requirement of Mumbai market.

2. M/s. Indian Oil Corporation Ltd, M/s. Hindustan Petroleum Corporation Ltd and M/s. Bharat Petroleum Corporation Ltd have conjunctively awarded order to the tune of Rs 35.5 crores [Thirty Five Crore Fifty Lacs Only] for manufacture and supply of Cylinders of various sizes from the Khopoli (Patalganga) Plant.

Indiabulls Financial Services scheme of arrangement

Indiabulls Financial Services Ltd has informed that in compliance with the terms of the Scheme of Arrangement between Indiabulls Credit Services Ltd (ICSL), the Company, Indiabulls Securities Ltd (ISL) and their respective shareholders and creditors, for merger of ICSL with the Company and demerger of the Securities and Advisory Business Undertaking of the Company and its transfer and vesting in ISL as a going concern, duly approved by the High Court of Delhi, at New Delhi vide its order dated November 23, 2007 (received on December 20, 2007), the Board of Directors of the Company has in its meeting held on December 24, 2007, approved the issue and allotment of 2,56,80,708 (Two crore fifty six lac eighty thousand seven hundred and eight) Equity shares of face value Rs 2 each in the Company, credited as fully paid up, in favour of the shareholders of ICSL in respect of the Equity shares held by them in such Company (prior to its merger with the Company).

Consequent to the issue and allotment of aforesaid Equity shares the paid up Equity capital of the Company stands increased from the previous Rs 45,54,92,562/- (Rupees Forty five crore fifty four lac ninety two thousand five hundred and sixty two only) divided into 22,77,46,281 (Twenty two crore seventy seven lac forty six thousand two hundred and eighty one) Equity shares of face value Rs 2 each to Rs 50,68,53,978/- (Rupees Fifty crore sixty eight lac fifty three thousand nine hundred and seventy eight only) divided, into 25,34,26,989 (Twenty five crore thirty four lac twenty six thousand nine hundred and eighty nine) Equity shares of face value Rs 2 each in the Company.

Sun TV launches FM station at Vijayawada

Sun TV Network Ltd has announced the launching of its FM Radio Station at Vijayawada under the brand 'S FM' from December 25, 2007 through its Subsidiary Kal Radio Ltd. This Station can be heard at 93.5 MHz frequency in Vijayawada. The programs will cater to the audience of all age groups.

With the launch of this FM Station, the total operational FM Stations of the Company goes up to 17 as it already operates at Chennai, Coimbatore, Tirunelveli, Visakhapatnam, Bangalore, Hyderabad, Jaipur, Bhubaneswar, Tirupati, Madurai, Tuticorin, Lucknow, Bhopal, Pondicherry, Kozhikode (Calicut) and Indore.

The Company hold licenses for 45 FM Radio Stations across India, and will be one of the largest radio broadcasters in India when all the remaining 28 stations become operational.

Grey Market Premiums - Brigade, eClerx, Transformers and Rectifiers

eClerx Services 315 30 to 35


BGR Energy 480 330 to 340


Transformers & Rectifiers 465 320 to 330


Brigade Enterprises 390 25 to 30


Burnpur Cement Ltd. 12 5 to 7


SVPCL 42 DISCOUNT


Aries Agro 120 to 130 20 to 25


Manaksia Ltd. 140 to 160 15 to 20


Porwal Auto Components 68 to 75 DISCOUNT


Precision Pipes & Profiles 140 to 150 25 to 30

Peninsula Land to issue shares

Peninsula Land Ltd has informed that the Bid Closing Date pursuant to the proposed issue of equity shares of the Company under Chapter XIII-A of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 (the "SEBI Guidelines") (the "Issue") is December 20, 2007. Further the Company has informed that the Company has approved the issue of 43,750,000 equity shares of Rs 2/- each pursuant to the issue at the Issue Price of Rs 120 per equity share aggregating to an Issue size of Rs 5,250 million. The Issue Price is above the floor price calculated in accordance with Clause 13A.3 of the SEBI (DIP) Guidelines, UBS Securities India Pvt Ltd and Enam Securities Pvt Ltd acted as the Joint Global Book Runners for this issue.

MCS to issue convertible warrants

MCS Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 16, 2008, inter alia, to offer, issue and allot upto 40,00,000 (Forty Lac) Convertible Warrants with an option to convert those warrants into 40,00,000 (Forty Lac) equity shares of Rs 10/- each of the Company, by way of preferential allotment to the investors mentioned in the following table (who are not members of the company) upto the numbers mentioned against their names and on such terms and conditions as the Board may deem appropriate in its absolute discretion:

1. Ram Mohta: 25000 No of Convertible Warrants

2. Triputi Fintracon Pvt Ltd: 260700 No of Convertible Warrants

3. Hanurang Mercantiles Pvt Ltd: 260700 No of Convertible Warrants

4. Richcom Fincon Pvt Ltd: 260574 No of Convertible Warrants

5. S K Infosolutions Pvt Ltd: 150000 No of Convertible Warrants

6. Rajni Mohta: 25000 No of Convertible Warrants

7. C S Merchandise Pvt Ltd: 754500 No of Convertible Warrants

8. Jagdish Prasad Poddar: 754526 No of Convertible Warrants

9. K R Bharat: 754500 No of Convertible Warrants

10. Aditya Kumar Singhania: 754500 No of Convertible Warrants

and the warrants to be issued to those aforesaid shall be subject to following conditions:

a) The convertible warrants to be issued to the aforesaid investors would be convertible or exchangeable with equity shares of Rs 10/- each of the Company at a price of Rs 41/- (Rupees Forty one only) determined as per SEBI Guidelines on Preferential Issue.

b) The issue or subscription price of equity shares arising out of or exchanged against such convertible warrants shall be Rs 10/- face value per share at a premium of Rs 31/- (Rupees Thirty One only) per share. Upon acceptance of the offer before allotment of the warrant, allottees of the convertible warrants shall be liable to pay Rs 5/- Per warrant being 12.20% of the price fixed for each share arising out of / conversion / exchange with such convertible warrant. The amount collected shall be adjusted against the price payable for subscribing to the shares arising upon exercising the option. The balance money of Rs 36/- Per warrant being 87.80% shall be payable upon exercising the option to subscribe for the shares before conversion of the warrants into shares.

c) The relevant date for the purpose of pricing of issue of the shares in terms of provisions of Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 be fixed as December 17, 2007 being 30th day prior to January 16, 2008, the date on which the Extra Ordinary General Meeting of the members as hereby notified to be held in terms of Section 81(1A) of the act to consider the proposed issue.

d) The holder of each Convertible Warrant (each of the aforesaid investors) shall be entitled to apply for and obtain at their sole discretion one equity share of Rs 10/- each at a price of Rs 41/- (Rupees Forty One only) per share (including premium of Rs 31/- per share on the date or dates within 18 months from the date of allotment of the Convertible Warrant as may be decided by the Board. If such option is not exercised in the manner prescribed within the aforesaid period the convertible warrants shall lapse to the extent of the shares not so taken and the amount paid on the allotment of such convertible warrants shall be forfeited.

e) The option attached to the convertible warrants shall not be transferred or otherwise disposed of to any other person / third party.

f) The new shares arising out of conversion / exchange with the convertible warrants shall be subject to the Memorandum and Articles of Association of the company and shall rank pan passu in all respect with the existing issued and subscribed shares of the Company.

Indiabulls Financial - Record Date for Scheme of Arrangement

Indiabulls Financial Services Ltd has informed that the Board of Directors of the Company at its meeting held on December 24, 2007 has fixed January 08, 2008 as the Record Date for ascertaining the list of Shareholders of Indiabulls Financial Services Ltd (the “Company” or “IBFSL”) who would be entitled to be allotted shares in Indiabulls Securities Ltd (the “Resulting Company” or “ISL”) in terms of the Scheme of Arrangement between Indiabulls Credit Services Ltd (“ICSL”), the Company and the Resulting Company for merger of ICSL with the Company and demerger of the Securities Broking and Advisory Business Undertaking of the Company to the Resulting Company, approved by the Hon’ble High Court of Delhi, New Delhi.

Further the Company has informed that certified copy of the Court order received by the Company on December 20, 2007, has been duly filed with the Registrar of Companies, NCT of Delhi & Haryana on December 24, 2007. Accordingly, December 24, 2007 is the Effective Date’ for the Scheme of Arrangement as aforesaid; Further, the Company inform that Mr. Gagan Banga has been appointed as the CEO of IBFSL and Mr. Divyesh Shah has been appointed as the CEO of ISL.

Note on Scheme of Arrangement

Indiabulls Credit Services Ltd (ICSL), registered NBFC (not accepting public deposits) is engaged in the Consumer finance business.

Indiabulls Financial Services Ltd (IBFSL), a public listed company, a registered NBFC (not accepting public deposits), is in the business of providing diversified Non Banking Financial Services including securities broking and advisory business services.

Indiabulls Securities Ltd (ISL), a corporate member of Bombay Stock Exchange Ltd (BSE) and National Stock Exchange of India Ltd (NSE) provides brokerage including Equities, Wholesale Debt, Futures and Options, Depository Services, Research Services, Mutual Funds and IPO distributions to its clients.

Through the Scheme of Arrangement, ICSL will get amalgamated with IBFSL and consequently issue its 3 (three) Equity Shares of Rs 2/- each for every 10 (Ten) Equity Shares of Rs 10/- each held by the shareholders of ICSL. Further, post merger of ICSL with IBFSL, the Securities Broking and Advisory Business Undertaking of IBFSL would get demerged and transferred with ISL, and consequently issue its 1 (one) Equity Share of Rs 2/- each for every 1 (One) Equity Share of Rs 2/- each held by the shareholders of IBFSL.

Dabur India - amalgamation of Dabur Foods record date

Dabur India Ltd has informed that the Honble High Court of Delhi (“Court”) vide its Order dated November 21, 2007 has fixed the date of hearing of the Petition of the Scheme of Amalgamation of Dabur Foods Ltd with the Company on January 16, 2008.

ONGC - Highlights

Oil & Natural Gas Corporation Ltd (ONGC) has announced the following Press Release:

Highlights of Board Meeting held on December 22, 2007

(A) Decisions:

- Interim dividend of 180 per cent, amounting to Rs 3850 Crore
- 2nd Pipeline Replacement Project in Mumbai Offshore approved: Rs 2553.25 Crore
- PY-3 Phase-III Development approved: Rs 147.19 Crore

(B) Notings:

- A record of 6 Oil & Gas discoveries in Nov-07
- OVL bagged 2 offshore blocks in Brazil in Nov-07
- 1st Development well of CBM spudded in Dec-07
- First-ever Indian Company to be in Fortune's 'Most Admired Companies' list, 2007

(A) Decisions:

1. Interim Dividend:

1.1 An interim dividend of 180 per cent (Rs 18 per share), has been declared by the Board of the Company in its 174th meeting held on December 22, 2007. In FY 2006-07 also, ONGC had declared an interim dividend of 180 per cent and an aggregate dividend of 310 per cent amounting to Rs 6631 Crore.

1.2 In absolute terms, this interim dividend works out to a pay-out of Rs 3850 Crore (on the post-bonus paid-up capital of Rs 2,139 Crore), including Government of India share (74.14%) of Rs 2854 Crore.

1.3 In addition, ONGC will be paying a dividend tax on the above, which works out to be Rs 654 Crore.

1.4 The net profit (PAT) of the Corporation for the half-year for FY 2007-08 is Rs 9708 Crore Crore, up 17% from Rs 8,293 Crore for the corresponding period previous year.

2. New Projects: 2nd Pipeline Replacement Project

2.1 After the implementation of the Mumbai Redevelopment Project, it is expected that the Mumbai Offshore fields will be producing up to 2030. Hence, there is a need to strengthen the Pipeline network for Oil & Gas transportation. Therefore, the Board approved the '2nd Pipeline Replacement Project' along with necessary modifications, at a cost of Rs 2553.25 Crore, to be implemented over a period of 3 years.

3. PY-3 Phase-III Development approved

3.1 The ONGC Board approved the Phase-III Development of PY-3 (In Cauvery Offshore) field at a Capex of US$ 35.9 million (Rs 147.19 Crore), which is 40% of the total investment of US$ 89.75 million. ONGC holds 40% stake in the field; other stakeholders are HOEC (21%), Tata Petrodyne (21%) and Hardy Exploration & Production (18%). This Phase-III development of the field will enhance the recovery by 10.52 MMSTB (Million Metric Stock Tank Barrels).

(B) Notings:

1. A record of 6 Oil & Gas discoveries in Nov-07

1.1 In November 2007, ONGC made 6 Oil and gas discoveries, 3 in New Prospects and 3 in New Pool discoveries in earlier established fields.

1.2 New Prospect Discoveries:

1.2.1 Well D-1-14, PEL:BOFF, Western Offshore Basin: Flowed Oil @136.8 m3/day through ½’’ choke. This discovery has opened up a large area for further exploration

1.2.2 Well B-55-5, PEL:BOFF, Western Offshore Basin: Flowed Gas @82,238 m3/day through ½’’ choke. This is 2nd discovery in this PEL block this year

1.2.3 Well GS-48-1, PEL block: IF (Shallow Offshore) in KG-PG Basin: Flowed Gas @82,243 m3/day and condensate @ 5.76 m3/day through 6 mm choke. This discovery has opened up areas to the east of GS-KW/GS-23 fields for exploration of Matsypuri Formation in KG shallow offshore areas

1.3 New Pool discoveries

1.3.1 Well CT-2, ML: Chinnewala Tibba, Rajasthan
1.3.2 Well GS-KW-5, ML: GS-15/23 shallow offshore, KG-PG basin
1.3.3 Well PSP-40, PML: Tatipaka-Pasarlpudi, KG onland

2. ONGC Videsh Ltd. (OVL) wins two exploration blocks in Brazil

2.1 OVL bagged two exploration blocks in Brazil, viz. Deepwater Block 470 in the highly prospective Espirito Santo Basin and Shallow water Block 1413 in another highly prospective Santos basin, amid stiff competition from International companies on November 27, 2007.

3. First CBM development well spudded

3.1 The first Development Well for Coal Bed Methane (CBM) has been spudded on December 2007 at the drill-site Pad-B in Parbatpur, near Bokaro Steel City of Jharkhand.

4. ONGC – First-ever Indian Company on Fortune's list of 'World's Most Admired Companies', 2007

4.1 ONGC achieved the unique distinction of becoming the first-ever Indian Company in the Fortune Magazine's annual (2007) list of the 'World's Most Admired Companies'. This is based on a survey of Fortune Companies across the globe, conducted by the Fortune magazine, in association with Hay Group.

Speaking on the occasion, C&MD of ONGC Mr. R S Sharma said that notwithstanding the continuing volatility in crude prices, the Board decided to reiterate ONGC's commitment to live up to shareholders' expectations for value enhancements.

Panoramic Universal's Travel foray goes international with acquisition of Future Travels, USA

Panoramic Universal Ltd has informed that Consolidating its foray in the international travel and tourism business, the Company has now acquired the business of Future Travels - a travel agency based in the heart of New York City. This acquisition marks its diversification in US business where it already owns five hotels with 900 rooms under operation.

Future Travels is the number 1 consolidator with Air India and Kuwait Airways and has a large business with other airlines such as Delta, Air France, Lufthansa, British Airways, American Airlines etc. The gross sales are over $10.00 Mn per year achieved through its client base of 600 big and small businesses and over 15,000 satisfied customers including NRI's. It is a prime travel agency in New York with operations dating back to over 30 years.

Future Travels also specializes in arranging worldwide tours for Asian Ethnic groups based in USA and other countries. The tours are customized to the needs of the groups for destinations like Spain, Portugal, Morocco, China, Japan, Australia, New Zealand, Europe and South America. The tours are known for their exceptional cuisine. For Indian groups, the tours have an in house Indian Chef to prepare delicious Indian Cuisine. The agency arranges summer tours to Alaska including Canadian Rockies and Denali National Park. Tours to India include Manas Sarovar, Kailas, Rajasthan, Kerala and other tourist attractions. It also conducts educational packages and honeymoon tours.

The Company had recently acquired a controlling stake in an Indian travel agency Hi-Flyers Travel Services Pvt Ltd. a travel agency catering to premium corporate and HNI clients like Sharekhan, Akruti Foundation, SSKI, Jam Irrigation, Supreme Industries, Boroughs India and several others.

"Panoramic has plans to launch a travel portal of its own very shortly. We intend to offer a comprehensive travel solution to our customers right from travel arrangements to staying in our own hotels" says Sudhir Moravekar, Chairman of the Company. He added "We are also looking at acquiring travel agencies in Europe to compliment the inbound as well as outbound tourism for all these countries".

The Company is looking ahead to a synergistic drive with the combination of its hotel, time share and travel business. With Panoramic, a business or leisure traveler would have a one window service for all their travel needs.

The Company owns and operates in all nine hotels in US, India and New Zealand. Besides these it manages India's largest night club, AREA 51 in Pune. The Company is looking at expansion in the hotel portfolio in India through greenfield projects as well as acquisition of running hotels. It has short listed Jaipur, Panvel (Mumbai), Kumarakom (Kerala) Pune, Thane (Mumbai), Durgapur (West Bengal), Usgoan (Goa) and Hyderabad as the destinations for its hotel projects.

Allied Computers launches cheap laptop

Allied Computers International (Asia) Ltd has informed that the Company is to launch industry' first full featured laptop for Rs 15,000 running VIA 1.0 GHz ULV CPU, 512MB RAM, 40GB HDD, WiFi ready. Not only this laptop is ideal for new users wanting to acquire a laptop at this lowest budget price but also caters for their future needs of current users, that is, weight, battery life and connectivity on the move. The laptop will house 7" TFT screen and will weigh 950 grams. Being the size of a simple diary, this new laptop will fit nicely within ones briefcase or carry bag without adding weight to ones shoulder. The price factor and the features of this new model makes this product suitable for both first time buyers and second users of all segments of the Indian industry, i.e. Retail, Education, SME and the Corporate.

The official launch of this product is planned for in January 2008 with production and roll planned for from end of February to beginning of March 2008. The pre-launch exposure of this product in various media has in-sited immense interest from both retail and corporate sectors. The Company shall offer the product first within Mumbai, Gujarat, Pune and Delhi. After establishing our own multi-brand laptop service centers in other main metros, the Company shall extend its offer to other parts of India before eventually covering the whole country. Due to the uniqueness of this product and its price point, the Company expects the volume sales of this product to well exceed 50,000 units by the end of fiscal year 2008.

Petron Engineering - Receipt of two Orders from Madras Cements Ltd, Ariyalur, Tamil Nadu

Petron Engineering Construction Ltd has informed that the Company has received following two Orders from M/s. Madras Cements Ltd Ariyalur, Tamil Nadu for:

1. Erection, Testing & Commissioning of Electrical and Instrumentation Equipment for Ariyalur Project valued at Rs 6.00 Crores (Rupees Six Crores only).

2. Supply of Electrical and instrumentation materials for Ariyalur Project valued Rs 3.61 Crores (Rupees Three Crores Sixty One lakhs only).

SQL Star - restructuring of business

Sql Star International Ltd on December 22, 2007 has announced that the Company has restructured its business operations to lay more thrust on two key areas viz., customized technology training and wireless applications.

The Chief Executive Officer of SQL Star International Inc., Mr. Raj Ganti, who operates from California, said that the restructuring would provide the Company with a new focus on tech education, which has been once its main business along with IT services.

"The Indian technology sector is projected to fall short of resources with specialized skills as per studies made by NASSCOM and KPMG. This is likely to be more pronounced when it comes to areas such as business process management, business intelligence and enterprise application integration," he said.

LEARNING PLATFORM

Mr. Raj Ganti said that the Company has created a learning platform that has the capability to expand both retail learning and shore up the corporate houses. This platform is being launched in early 2008.

From the current eight centers, SQL is poised to expand this to 15 centers.

WIRELESS SOLUTIONS

The wireless and embedded software group at SQL Star has developed Embinux, a complete embedded Linux platform specially designed and optimized for wireless handsets, mobile phones and smart consumer electronic devices.

As part of expansion of this division, the Company is setting up a centre of excellence and is in the process of partnering with original equipment manufacturers and designers, to offer wireless applications on Linux.

The Company is in the process of raising funds required for these activities, for expanding its education business and for other businesses, Mr. Raj Ganti said

Spanco secures contract from Govt of Andhra

Spanco Telesystems & Solutions Ltd has informed that the Company has been awarded eSeva Contract from EDS (Andhra Pradesh Government) under Build, Own, Operate, Maintain, Transfer Model (On BOOMT Model) for Hyderabad, Secundrabad and Ranga Reddy Districts for a period of 5 years. The total size of the Project Outlay would be approximately Rs 40,00,00,000/- (Rupees Forty Crores only) over a period of 5 years.

Maxwell Industries Updates

Maxwell Industries Ltd has informed that an intimation was received from the Promoter Directors of the Company, who are also Directors on the Board of Lovable Lingerie Pvt Ltd (LLPL) and Microtex India Ltd (MIL) that the Merger / Amalgamation of LLPL & MIL should not be pursued further, as the effective date of scheme of amalgamation has already been expired.

Further, the Company has informed the exchange that, LLPL & MIL will move to the Hon'ble High Court of Bombay for withdrawing the scheme of amalgamation with the Company and also seeking the direction of Hon'ble High Court of Bombay to dismiss the application and dispose of petition.

Now the Company has informed exchange that, Company has received the communication from the Advocate (appointed for the Merger / Amalgamation) that Hon'ble High Court of Bombay permitted the withdrawal of the above petition and accordingly petition of the Transferee Company i.e. Maxwell Industries Ltd also stand disposed off.

Temptation foods agreement with Marine Exports

Temptation Foods Ltd has informed that the Company has entered into an Agreement for Marine Exports with a South India based Company for an undisclosed sum. This shall give the Company a substantiative presence in this sector as well as access to a number of International clients.

Nagarjuna Construction secures order from Govt of Oman

Nagarjuna Construction Company Ltd has informed that the Company has recently bagged a major order from the Govt of Oman for the prestigious Wadi Adai Al Amerat Road project. The Project cost is estimated to be around Omani Riyals 56.549 million (Rs 570 Crores). The proposed 7.5 km road is to be completed in 18 months. The project among others involves the construction of six new bridges of varying lengths, nine box culverts and one single lane bridge.

Coromandel Fertilisers - Updates

Coromandel Fertilisers Ltd has informed that effective December 22, 2007, the Company would be temporarily suspending its operations at the Plant located at Ennore (Tamil Nadu), for want of Key Raw Materials and would restart the operations once the Raw Materials required for production are available. The Company, during this period, would undertake the regular maintenance of the Plant.

Gujarat NRE - Shareholders approve increase in FII holding limit

Gujarat NRE Coke Ltd has informed that the shareholders of the Company have passed a resolution through postal ballot, as per results declared on December 21, 2007, approving an increase in the holding limit of Foreign Institutional Investors (FII) in the shares of the Company beyond 24% of the paid up capital and upto the sectoral cap (74% of the paid up capital) applicable to the Company in compliance to the requirements of Master Circular on Foreign Investments in India issued by Reserve Bank of India dated July 02, 2007.

This has been necessitated by interest shown by the FIIs in the shares of the Company.