Asian Oilfield Services secures order from ONGC

Asian Oilfield Services Ltd has informed that the Company has secured two orders from ONGC India. One is a Rs 44.55 Crore order from ONGC Jorhat office for acquisition of 2D Seismic Data in Nagaland to be executed within 400 operating days of the issue of the Award of Contract. This order is extendable further to acquire more data at mutually agreed terms & conditions.

The other order is from the ONGC Baroda office for Rs 15.17 Crores for providing Integrated Seismic Job Services & Shot Hole Drilling Services. The work on this project will start in December 2007 and will continue for Field season 2007-08 & 2008-09.

Power Grid invests in new projects

Power Grid Corporation of India Ltd has informed that the Board of Directors of the Company has granted investment approval to the following projects:

1. "Eastern Region System Strengthening Scheme - II at an estimated cost of Rs 227.52 Crore. The transmission system is scheduled to be commissioned within 30 months from the date of investment approval.

2. "Western Region System Strengthening Scheme - V at an estimated cost of Rs 477.69 Crore. The transmission system is scheduled to be commissioned within 33 months from the date of investment approval.

3. "Northern Region System Strengthening Scheme - X at an estimated cost of Rs 408.36 Crore. The transmission system is scheduled to be commissioned within 36 months from the date of investment approval.

4. "Northern Region System Strengthening Scheme - XI at an estimated cost of Rs 417.76 Crore. The transmission system is scheduled to be commissioned within 36 months from the date of investment approval."

5. "Establishment of 1200 kV UHV Test Station at Bina-400 kV (PG) S/S" at an estimated cost of Rs 98.50 crore. The project is scheduled to be commissioned in 24 months from the date of investment approval."

GE Shipping places order for bulk carries

Great Eastern Shipping Company Ltd (GE Shipping) has announced that the Company has placed an order for 2 new building Supramax Dry Bulk Carriers. These vessels (of approx 57,000 dwt each) are being built at the Cosco (Zhoushan) Shipyard Co. Ltd, and are expected to join the Company's fleet during Q4 FY 2009-10.

The objective of ordering these dry bulk vessels is with a view to enhance tonnage and participate in the increasing opportunities in the dry bulk commodities trade. In line with the same view, the Company had contracted to buy 2 new building Kamsarmax dry bulk carriers in Oct' 07, which are expected to join the Company's fleet in Q4 FY10-11 & Q1 FY11 - 12 respectively.

With this contract, the Company's current new building order book comprises 8 vessels aggregating 0.57 mn dwt (4 LRI product tankers aggregating 0.30 Mn dwt & 4 dry bulk carriers aggregating 0.27 mn dwt).

Visaka Industries Updates

Visaka Industries Ltd has informed that the Board of Directors of the Company at its meeting held on May 25, 2007, has allotted 3,00,000 Equity Shares and 9,00,000 Convertible Equity share warrants to M/s. Sandadi Homes Pvt Ltd, on preferential basis @ Rs 138.10/— per share.

While the Company has received total consideration for the equity shares, it has received 10% of the issue amount viz., Rs 1,24,29,000/- (Rupees One Crore Twenty Four Lakhs and Twenty Nine Thousand Only), towards allotment of 9,00,000 Convertible Equity share warrants, as application and allotment money.

As per the SEBI (Disclosure and Investor Protection) Guidelines, 2000, the option to acquire the Equity Shares can be exercised by the Warrant Holders in one or more tranches on or before the expiry of 18 months from the date of allotment of the warrants, viz., on or before the November 24, 2007.

However, the Company has informed that, the said allottee viz., M/s. Sandali Homes Pvt Ltd, has failed to exercise its option under the Warrants, to acquire the equity shares of the Company, within the time limit prescribed. As the Warrants so allotted by the Company have lapsed, the Company has, as per Clause: 13.1.2.3 (c) of said Guidelines, forfeited the amount paid by the allottee on the said warrants.

GTL - Updates on Buyback of equity shares

"With reference to the Letter of Offer dated October 15, 2007 issued by the Company under the Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 for Buyback up to 86,29,333 Equity shares through tender route.

The Company's Buyback offer opened on October 29, 2007 and closed on November 19, 2007. The Company received good response to the Buyback offer with 3.768 times acceptance from the Shareholders. Since the total number of shares tendered by the shareholders is more than the Buyback size, the shares accepted by the Company are on proportionate basis in accordance with the Buyback regulations.

The Company paid out Buyback consideration amounting to Rs 258.88 Crore and the excess shares returned to the shareholders who responded to the Company's Buyback offer. In view of the said Buyback offer, the promoters' shareholding in the Company has gone up from 32% to 34.70%.

In terms of the Buyback regulations, the Company will cancel and extinguish 86,29,333 Equity shares received under the Buyback offer."

Ballarpur Industries - Updates on Scheme of Arrangement & Reorganisation

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 (Company Petition No 12 / 2007) has been duly sanctioned by the Hon'ble High Court of Bombay, Nagpur Branch vide its order dated November 30, 2007.

Reliance Energy gets Krishnapatnam Mega Project

Reliance Energy Ltd (REL) has informed that the Company's group Company, Reliance Power Ltd, on November 30, 2007 has been awarded a Letter of Intent for the 4,000 MW imported-coal based Ultra Mega Power Project at Krishnapatnam Andhra Pradesh, which will have an estimated capital outlay of Rs 20,000 crore.

This is in addition to the 4,000 MW domestic-coal based Ultra Mega Power Project at Sasan, Madhya Pradesh, involving an estimated capital outlay of about Rs 18,000 crore, which was awarded earlier this year to Reliance Power.

Reliance Power's estimated capital outlay for these two projects alone aggregates approximately Rs 40,000 crore. In addition, Reliance Energy and / or its group Companies are implementing several large infrastructure development projects, in the areas of metro railways, roads, real estate, etc.

In order to augment long term resources for the REL's contribution to Reliance Power, as well as for financing the large number of mega infrastructure projects that are being implemented by the REL group, and several others that are in the pipeline, the Board of Reliance Energy Ltd will meet on December 02, 2007 to consider proposals for raising resources by way of preferential allotment of equity and / or equity related securities, and / or long term debt, and / or other financial instruments.

BAG Films clarifies fund raising news

With reference to the news item titled "BAG Films in talks to raise funds via arm Big Glamours:Sources", BAG Films & Media Ltd has clarified that the Company deny any such information which may be based purely on the market rumours. The Company has not sold any Stake of B.A.G. Glamour to Star T.V. as far as the rising of funds through FCCBs is concerned, the Company has already intimated the same to the Stock Exchange, though it would like to clarify that funds through FCCBs are to be raised in B.A.G Films & Media Ltd and not in B.A.G Glamour Pvt Ltd as is seen in the quoted news article.

Ckoramaandel Cements Board approves Bonus Issue

Ckoramaandel Cements Ltd has informed that the Board of Directors of the Company at its meeting held on November 30, 2007, inter alia, has transacted the following:

1. Recommended to the Members for their approval, the issue of Bonus Shares in the ratio of 7 Bonus Shares for every 4 Shares held by the members, in the ensuing Annual General Meeting of the Company.

2. Approved to convene the Annual General Meeting of the Members of the Company to be held on December 31, 2007.

Dhanus Technologies launches FLEETRAC

Dhanus Technologies Ltd has informed that the Company has launched its product called "FLEETRAC", a Vehicle Tracking System on November 29, 2007. It is an advanced tracking service for remote monitoring and tracking of vehicles.

Polaris Software settles case in USA

Polaris Software Lab Ltd has informed about the following:

"This has reference to Serial No 20 of Notes to the Accounts of the Company for the year ended March 31, 2007.

The said Case was there in a USA Court for trial on November 26, 2007.

On the said day, the Plaintiffs agreed to withdraw all their claims on a payment of
US$ 6,00,000 (US Dollars Six hundred thousand only) to which Polaris agreed and there after Judge Pisano did not hold trial. The Judge further announced that the case is dismissed for ever, in view of the settlement claims.

The Attorney of both parties have been directed to settle the terms of the payment and other modus operandi. Therefore, the case has ended in a compromise mode on November 26, 2007."

Punj LLoyd bags major contract in Singapore

Punj Lloyd Ltd has informed that Sembawang Engineers and Constructors Pte Ltd, a wholly owned subsidiary of the Company has won a major contract worth Rs 1272 crore for architectural, civil and structural work at the proposed Bayfront MRT station in Marina Bay in Singapore. The contract has been awarded by Land Transport Authority of Singapore.

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

"Punj Lloyd's wholly owned subsidiary, Sembawang Engineers and Constructors (Sembawang E&C), one of the largest engineering and construction Companies in Southeast Asia, has won a major contract worth SGD 463 million for architectural, civil and structural work at the proposed Bayfront MRT station in Marina Bay in Singapore.

The contract was awarded by the Land Transport Authority of Singapore. It is one of the first packages of construction works to be awarded at the planned 4.3 km downtown MRT Line in Marina Bay.

The Downtown Line 1 will have six stations. It is a critical transportation hub designed to serve workers, residents and visitors in the Marina Bay area, which will feature new icons such as the Marina Bay Sands Integrated Resort, the Marina Bay Financial Centre and Gardens by the Bay. This line will connect the existing East West line Bugle station to the existing North East line Chinatown station.

Under the terms of contract, Sembawang E&C will be constructing the Bayfront station which is key to the Downtown Line as it serves the mega Marina Bay Sands Integrated Resort Sembawang E&C will be responsible for the underground construction of Bayfront station and two pairs of tunnels for Downtown Line Stage 1. This includes architectural, civil and structural works.

The Downtown Line is in the heart of Marina Bay and the Bayfront station is a key factor contributing to the success of the development in the Marina Bay area. Bayfront will be one of the first stations to open in the Downtown Line Being a fast-paced project, the schedule will require 24-hour work days for the station to be completed in time for the opening of Marina Sands IR. With extensive experience in infrastructure projects and having built a third of all MRT and LRT stations in Singapore, Sembawang E & C is confident of completing the project on schedule.

With this, the order backlog for the Punj Lloyd group on consolidated basis has gone up to Rs 17894 crore. This is the total value of unexecuted orders as of September 30, 2007 and new orders received till date."

Southern Iron and Steel scheme of amalgamation

Southern Iron & Steel Company Ltd has informed that pursuant to the Order made by the Honorable High Court of Judicature at Bombay, a meeting of the equity shareholders of the Company will be held on December 28, 2007, for the purpose of considering and if thought fit, approving with or without modification(s), the arrangement embodied in the Scheme of Amalgamation of the Company with JSW Steel Ltd.

Indo Asian Fusegear enters Cable and Wires manufacturing business

Indo Asian Fusegear Ltd has informed that the Company has promoted a subsidiary Company to venture into Cables & Wires manufacturing business. For this purpose, the subsidiary Company has already purchased the land for the project. The estimated project cost will be approximately Rs 100 crores to be invested in phases.

Sanwaria Agro Oils stock split

Sanwaria Agro Oils Ltd has informed that a meeting of the Board of Directors of the Company will be held on December 07, 2007, to consider the following:

1. Further split of Equity Share.

2. Execution of MOU entered with M.P. Government.

GE Shipping upgrades vessels

Great Eastern Shipping Company Ltd (GE Shipping) has informed that Greatship Global Offshore Services Pte. Ltd., the wholly owned subsidiary of Greatship (India) Ltd, has announced upgradation of the two Multi Purpose Platform Supply & Support Vessels ordered on Mazgaon Dock Ltd to Multi Support Vessels (MSVs).

Greatship (India) Ltd is a wholly owned subsidiary of the Company.

In this regard the following press release as follows:

Greatship Global Offshore Services Pte. Ltd., the wholly owned subsidiary of Greatship (India) Ltd (GIL), has announced the upgradation of the two vessels ordered on Mazagon Dock Ltd to Multi Support Vessels (MSVs). As previously announced, the Company had contracted two Multi Purpose Platform Supply & Support Vessels (MT6012 design) to be delivered in the third and fourth quarters of 2009-10. These vessels were designed for operating in deep waters (1000 - 3500 metres water depth), supplying and supporting complex exploration and production operations far away from shore.

Now, these vessels have been upgraded to MT6012 Mark II design. Each will be equipped with a 100 Ton active heave compensation offshore crane, a helideck, increased accommodation (100 pax), a moonpool (for diving and ROV services) and be prepared for FiFi 1 & 2. With these enhancements, the vessels will become part of an exclusive and limited global fleet of MSVs capable of multiple operations and outputs.

This upgradation has been done with the objective of tapping the burgeoning sub-sea construction markets, both globally as well as in India. MSVs play a critical role in new construction and in maintenance of various offshore assets and equipment, and will see increasing demand as the world moves further offshore (into deeper and distant waters) in search of new reserves of oil and gas.

GIL currently own and operate three PSVs, two in India and one in the North Sea. GIL, along with its subsidiaries, also has an order book of sixteen vessels and one rig under construction - two PSVs in Norway, four AHTSVs in Sri Lanka, four AHTSVs and four MPSVs in Singapore, these two MSVs in India and a premium 350' jack up rig in Singapore.

Kovai Medical Center AGM outcome

Kovai Medical Center & Hospital Ltd has informed that the members at the 21st Annual General Meeting (AGM) of the Company held on September 28, 2007, inter alia, have accorded the following:

1. Adoption of the audited Balance Sheet as at March 31, 2007 and Profit & Loss Account for the year ended March 31, 2007 together with the Directors Report and the Auditors Report thereon.

2. Declaration of dividend @ 12.5% (i.e. Rs 1.25 per share) on the equity capital of the Company for the year ended March 31, 2007.

3. Re-appointment of Dr. P R Perumalswami, Mr. Kasi K Goundan & Dr. Mohan S Gounder, as Directors of the Company.

4. Appointment of M/s. Sun & Co., Chartered Accountants, Coimbatore, as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.

5. Authority to the Board to mortgage and / or charge all or any of the movable or immovable properties of the Company, wheresoever situate, both present and future or the whole or substantially the whole of the undertaking or undertakings of the Company in favour of any financial institutions, banks and others for securing the credit facilities sanctioned / to be sanctioned by them to the Company, provided however that the aggregate amount of credit facilities which may be secured hereunder and outstanding at any time shall not exceed the sum of Rs 250 Crores (Rupees Two hundred and fifty Crores only) excluding the temporary loans obtained from the Company's Bankers in the ordinary course of business, subject to necessary provisions & approvals.

Comp U Learn Tech signs work order with NPR Solutions

Comp U Learn Tech India Ltd has informed that the Company has signed a work order with NPR Solutions, 3109, Bruce Gardens Circle, Franklin, TN 37064 USA towards maintenance contract worth USD One Million dollars (approx INR 4.00 Crores).

Thomas Cook Updates

Thomas Cook India Ltd has informed that the Company have been informed by Dubai Financial Group LLC that they have filed a letter with the Securities and Exchange Board of India (SEBI), under Regulation 10 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 1997, seeking suitable directions from SEBI in the matter of Internal Restructuring of their parent Companies.

Vishnu Chemicals EGM notice

Vishnu Chemicals Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 19, 2007, inter alia, to transact the following business:

1.(a) The Authorised Share Capital of the Company which is Rs 16,00,00,000 (Rupees Sixteen Crores) divided into 1,60,00,000 (One Crore and Sixty Lakhs) Equity Shares of Rs 10 each be increased to Rs 20,00,00,000 (Rupees Twenty Crores) divided into 2,00,00,000 (Two Crore) Equity Shares of Rs 10 each.

(b) The existing Clause V of the Memorandum of Association of the Company be and is hereby deleted and substituted by the following clause as Clause V

The Authorised Share Capital of the Company is Rs 20,00,00,000 (Rupees Twenty Crores) divided into 2,00,00,000 (Two Crore) Equity Shares of Rs 10 each with power to the Company to increase, reduce or modify the said capital and to divide the shares for the time being of the company into several classes and attach thereto such preferential, qualified or special rights, privileges or conditions as may be determined by or in accordance with the Articles of Association of the Company and to vary, modify or abrogate any such rights, privileges or conditions in such manner as may for the time being be provided for by the Articles of Association of the Company.

2.(A) To alter the Main Objects under Part III(A), of the Memorandum of Association of the Company be altered by replacing the existing clauses Nos. 1, 2, 3, 4, 5 and Clause III(C) of Other Objects Clause by inserting with the following new clauses"

III (A): Main Objects

1. To carry on all or any of the business of manufacturers, Producers, Processors refiners, Stockiest, Agents, Importers, (Exporters, Distributors and Dealers in all kinds of Chemicals of different grades, including organic, inorganic petrochemicals. Barium Carbonate, barium Chloride, barium Nitrate, Fertilizers manures, Pesticides, Calcium Carbine, Biomedicines, Ointments, acids toilet requisites, Soaps Detergents, Cosmetics, Perfumes, Dyes, Paints and their by-products of every description, Manufacture of Bulk drugs, vaccines, formulations, medicines, Contract Research Activities and Contract Research and manufacturing Services (CRAMS) etc,

2. To carry on the business of manufacturers, traders, importers; exporters and dealers in India and elsewhere of Salts, Potashes, Alkalies, Tinctures, Acids, Chemicals for drugs. Oils, Essences, Perfumes Paints, Heavy chemicals, and Fine Chemicals, Tannins, Pharmaceutical, Photographical, Sizing- Medicinal Chemicals, Cements, Oils, Paints, Pigments Varnishes, Compounds, Dyestuff, Organic or Inorganic or Mineral intermediates pant and Colour Grinders and of Electrical, Chemical, Photographical Chemicals and Derivatives, by-products and compounds of any nature and kind what-so-ever such as Chrome Chemicals, Bichromate of Soda, Chrome compounds, Bichromate or Potashes, Chromic Acids, and its by products, calcined; Chromium Acid, Lime Chromium Accetates, Chromium Formates, Chromium sulfotyanide, Chromium Nitre Accetates, Chromium Sulfa Accetates, Chromium Lactages, Chromium Nitrates, Sodium Chromium Oxalates, Chromium Sulfor Chromates, Chromium Sulphates, Chromium Chlorides, Chrome Amoniurn Sulphites, Chromium Fluorides, Chromium Zinc, Copperosed Chromsted Zincs, Chromic Acids, Chrome Oxides Gree and other Chrome-derivatives, Sodium Sulphates Anhydrous, Barium Compounds, Chrome derivatives, Yellow Sodium Sulphates, Hydrate, Calcinede, Bauxites, Hydroted, Calcinede, Bauxites, Yellow Chrome pigments, Basic Chromium Sulphate Tanning Agents.

3. To carry on the business of manufactures, dealers, traders, importers, exporters, agents and stockiest of Potassium Bichromate, Sodium Bichromate, Bichromates and permanganate of potash, gloubers, salts and its derivatives and all kinds of Chemicals, Salts, Potashes and by-products and compounds of any nature and kind such as chrome oxide green sodium Chromate, Basic Chromium Sulphate, Sodium Sulphate and all kinds of gaseous, liquid or solid chemicals, Organic, Inorganic dyes, dyestuff and Plastics.

4. To manufacture, process, prepare, preserve, buy and sell and deal whether as wholesalers or retailers or as exporters or importers or as principals or agents in Pharmaceutical formulations, Bio-Pharmaceuticals, Pharmaceutical bulk, Medicines and Consumable provisions of every. description for. human or animal consumption and health care.

5. To manufacture, process, prepare, preserve, buy and sell and deal whether as whole-sellers or retailers or as exporters or importers or a principals or agents in Biotechnological products using DNA Technologies, Gene Technologies, Bio-Informatics and all types of biotechnological. methods, procedures,- Technologies, for Synthesis of all types/varieties, and to act as buyers, seller, wholesaler, distributor, dealer, stockiest manufactures, producer, grower in all kinds or medicines, drugs, vaccines, Chemicals & Consumable Provisions of every description for human or animal or plant consumption.

(B) To alter the other objects Clause under III(C)of the Memorandum of Association of the company by inserting the following new Clauses as Clauses No. 84, 85, 86, 87 after Clause No. 83

84. To purchase, build, sell, develop, take in. exchange or on lease, hire or otherwise, acquire whether for investment or for sale or for lease, for working or developing or disposing or maintaining the same, any real or personal estate including lands, monies, buildings, factories, mills, houses, cottages, shops, deposits, warehouses, machinery, plant, stock in trade, concessions, privileges, licenses, estimates or interest in or with respect to any property or interest in or with respect to any property whatsoever for the purpose of the company in consideration for a gross sum or rent or partly in one way and partly on other of for any consideration .and to build townships, markets, and or buildings, residential and commercial or conveniences thereon and to equip the same or part thereof with all or any amenities or conveniences, drainages and other facilities.

85. To carry on all the business of builders, real estate-developers, contractors, subcontractors, dealers and by advancing money to and enter into contracts and arrangements of all kinds with builders, tenants, occupies and others, land developments, services apartments, services plots, constructions of residential and commercial premises including business centers and offices, securing lands, Private or Government for formation and development of town ships and to deal in and act as agents for lands, buildings, factories houses, flats and other residential and commercial plots and construct / maintain and alter residential, commercial industrial plots and properties and sale or lease them out by providing will all modern amenities end development thereof and securing capital, funds and raising loans for construction and advancing to other organisation for similar purposes.

86. To provide City and region level urban infrastructure facilities, to lay-out develop construct, build, acquire, erect, demolish, re-erect alter, modify, repair, re-model or to do any other work in connection with any building or building works, roads, highways, bridges, sewers, canals, well, dams, power plants, reservoirs, tramways, railways, sanitary, water, gas, electric lights, telephonic and telegraphic works and such purposes to prepare in designing, estimating, planning, modeling, etc.

87. To carry on the business of construction, builders, contractors, engineers, colonizes town planners, surveyors, values, appraisers, decorators, furnishers, manufacturers of prefabricated and precasted houses and to acts agents and contractors for the purposes of real estates, residential complexes / flats / enclave / commercial complexes / multistoried building etc, and to carry on all types of construction activities and act as consultants, advisors, technical consultants, collaborators, designers and architects for all kinds of construction activities in India and abroad and to undertake all civil, mechanical, electrical works all types of infrastructure facilities like BOO (Build, Operate, Own and Transfer), BOT (Built, Operate and-Transfer), BOLT (Build, Operate, Lease and Transfer), BOO (Built, Operate and Own) in India or abroad either or its own or with joint venture with any other India or Foreign participant.

3. For borrowing from Banks, Financial Institutions (FIs), Foreign Institutional Investors (FII), Overseas Corporate Bodies (OCBs), External Commercial Borrowings (ECB) Global Depository Receipts (GDRs) / Foreign Currency Convertible Bonds (FCCB) and all other foreign loans up to a sum not exceeding Rs 200 Crores not withstanding that the money's to be borrowed together with the money already borrowed by the company (apart from such temporary loans obtained or to be obtained from the company's bankers like working capital loans etc.) will exceed, the aggregate of the paid up capital of the company and its free reserves, that is to say, reserves not set apart for any specific purpose, subject to necessary provisions & approvals.

4. To issue up to [_] Equity Shares of Rs [10/-] each for cash at such premium in accordance Chapter XIII of SEBI Guidelines, aggregating to Rs [*] in face value to individuals, Companies, banks, financial institutions, employees, QIBs, NRIs, FIIs and other persons, whether resident in India or otherwise and whether they are members or promoters of the Company, as may be decided by the Board of Directors in consultation with its merchant bankers, subject to necessary provisions & approvals.

Further the Company has informed that, the item No 1 to 3 of the notice are proposed to be transacted through Postal Ballot:

The Company has appointed Shri. L Dhanamjay Reddy, Practising Company Secretary, based at Hyderabad, as Scrutinizer for conducting Postal Ballot process in a fair & transparent manner.

The Postal Ballot forms duly completed should reach the Scrutinizer on or before December 17, 2007. The Scrutinizer will submit his report to the Chairman after completion of the scrutiny & the results of the Postal Ballot will be declared on December 19, 2007. The result of the Postal Ballot will be confirmed at this EGM.

Omaxe - Memorandum of Understanding (MOU) for facilitating the Setting up of SEZ

Omaxe Ltd has informed about the following:

1. The Company has, on the occasion of Resurgent Rajasthan Partnership Summit held on November 30, 2007 at Jaipur, has entered into Memorandum of Understanding with State of Rajasthan for facilitating the setting up of "Multi Product Special Economic Zone" at District Alwar Rajasthan.

The proposed SEZ is, over 5000 hectares (12500 acres approx) of land in Dist Alwar, Rajasthan, to be set up over a estimated period of 5 years and is expected to generate direct and indirect employment for approximately 6 Lac people in the State of Rajasthan.

Further it may be noted that the Department of Commerce, Ministry of Commerce and Industry Government of India has accorded 'in Principle approval' to the Company for setting up of the above said Project.

2. Further Company has informed that, the Company has promoted a wholly owned subsidiary by the name of Omaxe Rajasthan SEZ Developers Ltd by making an investment of Rs 5,00,000/-
(Rupees Five Lacs).

Parle Software bonus issue

Parle Software Ltd has informed that the Board of Directors of the Company at its meeting held on November 30, 2007, inter alia, has considered and approved the following:

1. Recommended Issue of Bonus Shares in the ratio of 3:1 (THREE Equity Shares of Rs 10/- each fully paid up for every ONE Equity Shares of Rs 10/- each held in the Company). The record date for issue of bonus shares shall be decided after obtaining consent of the members of the Company.

2. Notice convening the Extra Ordinary General Meeting

Carborundum Universal commissions manufacturing facility

Carborundum Universal Ltd has informed that the Company had commissioned in December 2006 a state-of-the-art Coated Abrasives manufacturing facility at Sriperumbudur near Chennai. Following this, the manufacturing operations of the Coated Abrasives plant at Pallikaranai near Chennai was discontinued subsequently and the plant was closed this month. The Company has now disposed off the land and building at Pallikaranai for a consideration of about Rs 58 crores.

TVS Electronics - not our land!

With reference to the news item appearing in a leading financial daily regarding sale of 6.18 acres of land at Nandambakkam, Chennai by TVS Electronics Ltd, in this connection TVS Electronics Ltd has informed that the said property does not belong to TVS Electronics Ltd.

Moser Baer to set up India's largest grid connected Solar farm in Rajasthan

Moser Baer India Ltd has informed that Moser Baer Photo Voltaic (MBPV), a wholly owned subsidiary of the Company on November 30, 2007 announced that it has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan for setting up of a large Solar Power Project in the State with an estimated generation capacity of 1 - 5 MW. The project will be the largest grid-connected solar farm in India and entail an investment of around USD 25 million (Rs 100 crores) at USD 4.5 million per MW. The MoU was signed on November 30, 2007 at the 'Resurgent Rajasthan' summit at Jaipur between MBPV and Rajasthan Renewable Energy Corporation (RREC).

The SAARC region has large demand supply imbalances in energy generation capacities, with an increasing need to explore alternate and efficient energy sources. This offers a significant potential to Solar Photo Voltaic as an efficient energy option in the region. "MBPV aims to redefine the paradigms of solar power generation through its world class manufacturing and multi technology capabilities and demonstrate a commercially viable, grid-connected PV energy system in India through this project," said Ravi Khanna, CEO of MBPV. "This project is a pioneering initiative in that direction and we believe that the SAARC region provides huge opportunity for such large sized projects." he added.

Moser Baer is also evaluating various options for setting up large sized solar farms across the SAARC region with strategic tie ups with some of the leading global Solar PV Companies and clean energy funds.

Moser Baer Photo Voltaic plans to emerge as a leading technology driven PV equipment manufacturer in the world by implementing a capacity of 500 MW by FY10 through a mix of technologies in the crystalline silicon, concentrator and thin film domain.

The Company's photovoltalc equipment manufacturing capacities for crystalline silicon, concentrator and thin film technologies are coming up in an SEZ in Greater Noida.

Power sector in Rajasthan

Rajasthan is on course to become self sufficient in power by 2008. Besides setting up new power projects in the state sector, the government is also promoting private investment in power generation. The state already has an installed capacity of 5,500 MW of power and will add 4500 MW by 2011-12 through state sector projects of 1500 MW, private sector projects of 1500 MW and central sector projects of 1500 MW. Over 520 MW of non-conventional power is already being generated by private units in the State.

Tata Steel signs JV with Riversdale Mining for Mozambique Coal Project

Tata Steel Ltd has informed that Riversdale Mining Ltd (ASX: RIV and "Riversdale") and the Company have signed an agreement to establish a special purpose joint venture vehicle ("JV") to develop a hard coking and thermal coal project at key coal exploration tenements held by Riversdale in Mozambique.

Under the terms of the agreement, Tata will pay AUD100 million (approximately 88.2 million USD) to acquire a 35% Project Interest. For this consideration, Tata secures a key position in the JV formed to develop the Mozambique Coal Project, as well as a 40% share of the off-take for coking coal.

Tata will also have the option to participate above this level of tonnage, and may participate with Riversdale in future opportunities on Riversdale's surrounding tenements.

The JV comprises two licences (the Benga and Tete licences) and covers an area of 24,960 hectares (approximately 96.7 square miles). Riversdale Mining holds a total acreage of over 290,000 hectares (1,120 square miles) in Mozambique.

Riversdale Mining had recently announced a major coal resource in the Benga Licence. Based on the drilling results undertaken by Riversdale, the total Resource is estimated at 1.225 billion tonnes categorized as Inferred Resources and is in accordance with the JORC Code 2004. Of this, a total of 720 million tonnes is considered to have the potential to be extracted by open-cut methods.

The coking coal derived from this project will be supplied to the Tata Steel Group's facilities in Europe, Asia and elsewhere.

Mozambique is fast-becoming a region of global significance for the coal sector. In addition to Riversdale and Tata Steel's involvement, one of the world's largest mining groups, Companhia Vale do Rio Doce ("CVRD") has also invested significantly in plans to advance a massive coal project next to Riversdale's tenements in Moatize.

The Managing Director of the Company, Mr. B Muthuraman said, "Tata Steel is very pleased to have signed this agreement. Tata Steel has vast experience of coal mining spanning over several decades and will be contributing technical expertise to the Joint Venture". Mr Muthuraman further stated that this investment is a significant step in Tata Steel's initiatives for raw material security. It gives Tata Steel an opportunity to participate in the development of the region as a coal resource for its global operations. This will enhance Tata Steel's long term competitiveness. Mr. Muthuraman further added that it is Tata philosophy to participate and be a part of a country's development process and Tata Steel through its well known and well acknowledged social initiatives will a positive make a positive impact on improving the quality of life of the people of Mozambique.

Sanguine Media Board to consider rights issue

Sanguine Media Ltd has informed that a meeting of the Board of Directors of the Company will be held on December 07, 2007, inter alia, to consider the following:

1. Issue of rights shares to the equity shareholders of the Company.

2. Appointment / Resignation of Director.

Geometric Software - New version of DFM Pro 2008 available from Geometric

Geometric Software Solutions Company Ltd on November 29, 2007 announced the release of Service Pack 1 of DFMPro 2008 on SolidWorks platform, which focuses on report generation functionality and 64-bit platform support.

DFMPro now generates reports that include:

- Tabular summary of results

- Parametric information (expected vs actual) about failure instances

- Grouped image snapshots of failures based on failure type

- CAD independent, browser viewable reports

- Customizable style sheets for formatting reports

- Report data in XML format for easy integration with other enterprise systems

DFMPro 2008 on SolidWorks has been enhanced to support 64-bit Windows XP OS in order to leverage better processing power and larger computing memory.

DFMPro is a revolutionary "Design For Manufacturability" productivity tool for industrial designers. It facilitates upstream manufacturability validation and identification of areas in design that are difficult, expensive, and impossible to manufacture. DFMPro includes advanced design rules for manufacturing processes such as milling, drilling, turning, and sheet-metal fabrication. It also contains rules to process manufacturing tolerances specified using SolidWorks Intelligent Feature Technology. Tightly integrated with SolidWorks, DFMPro is an add-in that allows designers to perform complete design checks and analysis for manufacturability, all within SolidWorks sessions.

Nicholas Piramal scheme of arrangement

Nicholas Piramal India Ltd pursuant to the meeting of the Equity Shareholders and Series II Preference Shareholders of the Company at its court convened meeting held on November 23, 2007, have approved the Composite Scheme of Arrangement between the Company and NPIL Research & Development Ltd, by overwhelming requisite majority.

Devaki Hospital name change

Devaki Hospital Ltd has informed that the change of name of the Company from "M/s. Devaki Hospital Ltd" to "M/s. Chennai Meenakshi Multispeciality Hospital Ltd" has been approved by the Government of India, Ministry of Corporate Affairs, Registrar of Companies, Tamil Nadu at Chennai, vide fresh Certificate of Incorporation issued by them.

GMR's Vemagiri Power Plant gears up for January 08 operations

GMR Infrastructure Ltd has announced that the GMR Group's Vemagiri power plant situated at Rajahmundry in Andhra Pradesh will start generating power from January 2008 onwards, initially for a period of four months. This follows the State government's assurance to provide 1.12 - 1.15 million cu.m. of natural gas per day from GAIL India Ltd.

GMR's 388.5 MW Vemagiri plant, which was commissioned in November 2006, operates on the combined cycle technology, and uses natural gas as fuel. It is one of the most cost-effective Independent Power Producers (IPPs) in the country. Under the Power Purchase Agreement, Vemagiri Power Generation Ltd has to supply power to APTRANSCO for a period of 23 years.

Mr. Raajkkumar, CEO of the GMR's Energy Sector, confirmed that, "The Andhra Pradesh government has conveyed its willingness to supply gas to our Vemagiri project from January, 2008. The plant has not been operational for about a year now, due to the non-availability of fuel. This is a very positive development and a win-win situation for both, the people of Andhra Pradesh as well as our Company."

The Vemagiri power plant is the largest amongst the three operational plants of GMR Energy.

The other power projects of the Company are:

Operational

• 20O MW Low Sulphur Heavy Stock (LSHS) - fired power plant in Chennai which commenced commercial operations in 1999

• 220 MW Naphtha - fired power plant in Mangalore which commenced commercial operations in 2001

Under Development:

• 140 MW hydroelectric power plant on the river Alaknanda in Uttaranchal

• 1050 MW Coal based power plant in Angul / Dhenkanal districts at Orissa

• 160 MW Hydroelectric power project in Tallong district of Arunachal Pradesh

• 1000 MW coal based Thermal power project in Chattisgarh

• 180 MW project on River Ravi in Chamba District of Himachal Pradesh.

Wall Street Finance - Akbar Travels tieup

Wall Street Finance Ltd has informed that the Company has tied up with Akbar Travels of India Pvt Ltd for sale of Domestic and International Air tickets of various airlines through its branches.

Kirloskar Electric Company - demerger

Kirloskar Electric Company Ltd has informed that the Kirloskar Power Equipments Ltd whose operating business is proposed to be demerged into the Company, is engaged in the business of manufacturing and selling of Cast Resin Dry Type Transformers and Oil Filled Transformers. Their turnover for the year ended March 31, 2007 was Rs 112.25 crores and profit after tax was Rs 12.59 crores. The corresponding figures for the previous year are Rs 69.81 crores & Rs 3.52 crores. Their paid up capital is 35,00,000 equity shares of Rs 10/- each.

The Total no of share that will be issued consequent to issue of shares to be shareholders of Kirloskar Power Equipments Ltd & Kaytee Switchgear Ltd will be 1,72,52,550 shares of Rs 10/- each.

A Trust will hold the share to be issued in respect of the shares held by the Company in the above two companies.

Karnavati now a Nirma subsidiary

With reference to the earlier accouchement dated November 27, 2007 regarding for the acquisition of U.S. based Company, Nirma Ltd has informed that the Company has incorporated Karnavati Holdings Inc, in Delaware, U.S.A., a Wholly Owned Subsidiary (WOS) of the Company.

JSW Steel equity & preference shareholders to approve Scheme of Amalgamation

JSW Steel Ltd has informed that pursuant to the Order made by the High Court of Judicature at Bombay, separate meeting of the equity shareholders & preference shareholders of the Company will be held on December 28, 2007, for the purpose of considering and if though fit, approving with or without modification(s), the arrangement embodied in the Scheme of Amalgamation of Southern Iron & Steel Company Ltd with the Company.

Further the Company has informed that, an Extra Ordinary General Meeting (EGM) of the equity shareholders of the Company will be held on December 28, 2007, or soon after the Court Convened Meeting of the equity shareholders, whichever is later.

Subex Azure launches Data Integrity Management Practice

Subex Azure Ltd on November 29, 2007 announced the global launch of its Data Integrity Management (DIM) Practice. The new DIM Practice offerings combine best-practice consulting services with the industry's leading data integrity product, Syndesis TrueSource. It enables communications service providers to achieve low-risk operations transformations, adopt lean operating principles, derive more value from BSS / OSS resources, prevent revenue leakage, and improve fulfillment assurance and billing performance.

Data integrity management refers to the management of the accuracy, quality and consistency of data that drives operational processes in service providers. Inaccurate data is the leading cause of service provisioning errors, revenue leakage, extended service outages and poor process automation. Subex Azure pioneered the product space to address these problems and today is the worldwide leader in DIM deployments. The TrueSource solution is part of the industry’s most significant operational transformations in Tier 1, 2 and 3 service providers. The solution has been selected to ensure the accurate inventory tracking of more than $25 billion in network assets across the globe.

Building on knowledge garnered over six years of successful data integrity projects, Subex Azure is now introducing DIM Practice offerings, consulting services which share insights and best practices for data integrity problem diagnosis, correction and prevention. Subex Azure has found that data integrity management is a cornerstone of all successful OSS transformations and lean operations. Further, DIM is a foundation for establishing a Revenue Operations Center (ROC), an integrated framework for monitoring and managing the impact of service provider operations on profit.

"Every day it becomes more evident that accurate data and good data integrity practices are absolutely vital to service providers grappling with increasingly complex sets of network and service delivery requirements," said Mark Nicholson, Chief Technology Officer, Subex Azure. "Service providers need and want to have clean data that ensures the success of high-value OSS processes - from service activation and assurance all the way through to billing. Subex Azure’s vision for the integrated ROC hinges on data integrity management and this blended offering strengthens our commitment and passion to deliver on that promise."

Through the DIM Practice, Subex Azure experts will work directly with system integrators and internal IT staffs to incorporate data integrity management best practices into broader process-engineering and operations transformation projects. The offerings include:

Data Integrity Process Analysis: assessing current data integrity processes and identifying problem areas

Data Integrity Diagnosis: determining data quality levels and tracing the impacts of data integrity problems on fulfillment, assurance and billing

Data Integrity Deployment Planning: formulating comprehensive data integrity strategies and processes to institutionalize data integrity management for long-term business benefits

Data Integrity Results Assessment: measuring the results of data integrity management projects and implementing continuous improvement strategies

Data integrity issues will be the focus of a Webinar presented by Subex Azure in conjunction with the TeleManagement Forum and a leading service provider on December 06, 2007.

Educomp forays into formal school education

Educomp Solutions Ltd has informed that the Company is making its foray into formal school management with launch of The Millennium Schools.

Millennium Schools will be powered by the Millennium Learning System (MLS), India's first fully integrated learning delivery system for Schools developed by the Company.

To be set up across Indian cities by independent trusts and societies, The Millenium Schools will incorporate unique blend of global best practices in education and inherent strengths of Indian education system with the added advantage of MLS, the Company's cutting-edge proprietary learning system for schools.

MLS was formally released on the occasion by Prof. B P Khandelwal, former Chairman of CBSE.

Millennium Schools will be founded on - a culture of innovative thinking, modem application of technology in traditional Systems of education and a pioneering zeal in fashioning students for an increasingly competitive world of the future.

Millennium School will be powered by MLS. MLS is a result of intensive R&D involving over 80 man years of work, where the Company's research team studied the existing system and researched on ways to make education cater to the future needs of both the society and the individual child. MLS will be exclusively implemented in The Millennium Schools.

The vision of The Millennium Schools is to unleash inherent potential and talent of each child, nurture lifelong learners who would be leaders of tomorrow. This vision is reflected in their slogan - "School built for only one child - Yours". Personalised learning to cater to the learning style of each student is what the Millenium school be catering to.

Millennium Schools will introduce for the first time in India - a unique and structured Talent Development Program that will seek to nurture the inherent talent in each child in the early part of their schooling life.

Fedders Lloyd business updates

Fedders Lloyd Corporation Ltd has informed that, as a step towards capturing significant market share in the ever growing and highly potential consumer durables market, the Company plans to enter into a distributorship agreement with a leading international electronic Company for the sale of consumer electronics through its strong distribution network.

Bharti Airtel & Western Union to pilot Mobile Money Transfer Service in India

Bharti Airtel Ltd has announced that in a first-of-its kind agreement, Bharti Airtel and Western Union have decided to jointly develop and pilot a Mobile Money Transfer service in India. This pioneering agreement will usher in the possibility of sending money to India via the mobile phone. Western Union agents presently provide cash remittance services in India. The mobile money transfer service is subject to regulatory approval.

According to The World Bank, the number of immigrants globally is in the region of 200 million - approximately 3% of the world's population. The World Bank also identifies India as the number one remittance recipient market. Statistics from RBI (Reserve Bank of India) suggest that the inward annual remittance into India stood at over $26 billion for the financial year 2006 - 2007, accounting for 10% of global inward remittance market, which stands at $260 billion.

"We are delighted to work with Western Union in this path-breaking initiative and be at the forefront of enabling international remittance over the mobile for our 50 million mobile phone customers in India. This will help us move remittances via the mobile in a fast and convenient way, supporting low value transactions," said Mr. Gopal Vittal, Director Marketing & Communications, Bharti Airtel Ltd.

Bharti Airtel has an extensive footprint across India and Western Union, together with its affiliates Orlandi Valuta and Vigo, has more than 320,000 agent locations in more than 200 countries and territories. In India, Western Union operates through 45,000 agent locations, including 8,500 post offices and more than 14,000 bank branches across 5000 towns and cities. This programme will enable Indians living abroad to send remittances to their dependents in India in an easy and convenient fashion through the vast networks of both the Companies.

The reach and accessibility of mobile networks in developing economies create new opportunities to extend the benefits of financial services to many families for the first time. Mobile networks now cover the majority of the world's population. Applications that allow a mobile subscriber to view and manage funds on their handset are emerging in select countries as foundation for phone-based financial services.

The relationship with Bharti Airtel developed follows a landmark agreement between Western Union and the GSM Association (GSMA), a global trade association representing over 700 GSM mobile phone operators, to facilitate the development of cross-border mobile money transfer services. Bharti Airtel chairs the GSM Association's Mobile Money Transfer steering committee, a group of 35 mobile network operators committed to development, trials and commercialization of mobile remittance services.

ASM Technologies acquires Enterprise Software Resources (ESR)

ASM Technologies Ltd has informed that the Company through its wholly owned subsidiary in Singapore has acquired a US based firm.

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

ASM Technologies Ltd has announced that it has signed a definitive agreement to acquire 100% of Enterprise Software Resources a US based firm in an all cash deal. This acquisition is through ASM's wholly owned subsidiary in Singapore, Advanced Synergic Pte Ltd. and financed by Indian Bank, Singapore.

ESR has been in the business for the last 10 years assisting large corporations and Fortune 500 Companies with Enterprise Applications. ESR's experience with Enterprise Applications is based on successful implementations at several Companies. Some of ESR's clients include Owens Corning, National Gypsum, Atrium Windows, AGA Gas, DTE Energy, Therma Tru, Pacific Coast, Owens Illinois, Vera Bradley and many others.

The principals of ESR come with a strong ERP background and the business model of ESR is focused on providing value by focusing on the strategy of the business and tailoring the offering in line with what is required to help the customer with strategic direction.

ESR's relationships are built on the principle of adding strategic value. The relationships are with the C-level executives and Board Members to ensure the decision-makers are engaged in the process. The relationships are as a result of networks developed at Owen Corning and IBM and these relationships have proved to be very valuable in securing business and long term customers.

John Seitz, Founder of ESR is a well known expert in the SAP world. He has held many senior management positions at Owens Corning and was the past president of SAP User Group (10,000 users) and a keynote speaker in many international conferences including ASUG.

"ESR with their high end consulting is a strategic fit for ASM. We are very fortunate to have an expert like John Seitz join us and look forward to growing our SAP practice under his guidance leadership" said Rabindra Srikantan, Managing Director, ASM Technologies.

Reliance Industries RNRL deal

Reliance Industries Ltd (RIL) has announced that with reference to media reports "Ambani brothers may bury the hatchet on RNRL dispute," RIL strongly denies that there is any plan, or any talks with ADAG for acquiring RNRL.

Sharon Bio-Medicine raises US$ 16.50 million 0% coupon FCCB

Sharon Bio-Medicine Ltd has informed that Zero percent Foreign Currency Convertible Bonds (FCCB) of USD 16.5 mn raised by the Company on November 27, 2007. The FCCB shall be convertible at the option of the holders at a Rs 315/- per share which is 38% premium over floor price of Rs 228.04/- computed as per SEBI Guidelines within 5 years and 7 days from the date of allotment of the bonds.

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

Sharon Bio-Medicine Ltd announces the successful issuance of US$ 16,500,000 zero coupon unsecured Foreign Currency Convertible Bonds. The Bonds have a maturity of 5 years and 7 days and are convertible at a price of Rs 315 which represents a premium of 38.13% over the SEBI floor price fixed at Rs 228.04.

Silverdale Services Ltd, London, was the sole Lead Manager for the offering and Fortune financial Service(India) Ltd. Mumbai was the Indian advisor to the issue.

Listing of Sharon's Securities is at Singapore Exchange Securities Trading Ltd.("SGX-ST). Sharon Bio Medicine Ltd is one of the leading Pharmaceutical Companies in India engaged in the business of manufacturing and marketing of Active Pharmaceutical ingredients (APIs) and API intermediates for the cardiovascular, anti-fungal, anti-diabetic and anti-hypertension therapeutic etc. segments. Sharon is also one of the leading Contract Research and Manufacturing (CRAMS) pharmaceutical Companies and have put an US FDA standards plant for Formulation in Dehradoon, Uttarakhand. The Company has fully integrated manufacturing facilities for over 20 APIs and 35 chemical intermediaries and a wide spectrum of finished formulations.

Sharon has also bought Land and Building at two places in Taloja, near New Mumbai where Sharon is putting Anti Cancer and Active Pharmaceutical ingredients plants of US FDA standards.

The Company is the largest manufacturer of APIs for the cardiovascular segment (Trimetazidine) and has a market share of 70%. It enjoys a dominant market share of over 50% in 7 of its products.

Sharon Bio-Medicine exports its products to over 30 countries.

Ms. Savita Gowda, Managing Director of Sharon Bio-Medicine Ltd said: "This issuance affirms the confidence of global investors in the strength of our Integrated based business model. They have appreciated the intrinsic cost advantages and superlative growth trajectory of our Company."

HB Stockholdings

HB Stockholdings Ltd has informed that the company in terms of Regulation 26 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 has revised the acquisition price in respect of the Public Offer made by it for acquisition of 35,00,000 fully paid Equity Shares of DCM Shriram Industries Ltd (Target Company) to Rs 120/- per share.

As required under the aforesaid Regulation 26 the company is making necessary announcement in the newspapers in which the original Public Announcement was made.

Solix Technologies plug and play solution for Oracle suite

Solix Technologies Ltd has informed that Solix Technologies Inc., a subsidiary of the Company on November 29, 2007, announced the gloPlug Appliance, the industry's first plug-and-play solution for cloning data from Oracle E-Business Suite. The gloPlug Appliance is embedded with modules from the Solix Enterprise Data Management Suite (Solix EDMS) for Oracle E-Business Suite with NetApp ReplicatorX and FlexClone software and NetApp Storage to deliver data management-in-a-box.

By incorporating Solix EDMS with NetApp ReplicatorX, FlexClone and NetApp storage on the pre-configured gloPlug Appliance, enterprise customers can quickly and easily clone production data, mask critical business, and reduce storage footprint.

"The gloPlug Appliance is a breakthrough for database administrators," said Shekhar Dasgupta, president and chief operating officer, Solix Technologies. "DBAs will now be able to implement a self-contained, Oracle E-Business cloning solution, which will allow them to quickly and effortlessly clone production databases for Test and Development.

Videocon Appliances scheme of amalgamation with Ranjangaon Industries

Videocon Appliances Ltd has informed that the Equity Shareholders, Preference Shareholders, Secured Creditors and Unsecured Creditors at their respective meetings held on July 27, 2007, have unanimously approved the scheme of amalgamation of M/s. Ranjangaon Industries Pvt Ltd (the Transferor Company) with the Company (Transferee Company).

The said meetings were chaired by Shri. Subhash S Dayama, Chairman appointed by the Hon'ble High Court, Bombay.

Cranes Software International

Cranes Software International Ltd has informed that Fractal Analytics, a leading provider of predictive analytics and the Analytics Division of the Company, a global corporation offering scientific and engineering solutions have announced that they have partnered to develop Predicta, a Retail Risk Management Application for mortgages, credit cards, auto loans and personal loans. A joint IP Development Agreement has been agreed upon by Fractal and Cranes.

This partnership leverages Fractal's expertise and experience in the area of credit scoring and risk management and takes advantage of Cranes' Analytics Division's strengths in statistical software product development and distribution. The development team would be from Cranes Software and Fractal would bring in its domain expertise. Both parties would contribute IP to develop Predicta and the IP would be jointly owned on a revenue sharing arrangement.

Targeting the global market, Predicta would be primarily marketed by Cranes and Fractal and would look at leveraging the sales with its existing customers.

"Predicta is very relevant today, especially considering the requirements of BASEL II accord and the growing need for accurate assessment of credit risk and computing default probabilities. We are quite excited about partnering with Fractal who have a demonstrated leadership in this space", said Mohamed Asif, who heads the Banking and Financial Services Practice at the Analytics Division of Cranes Software International Ltd.

Prime focus makes acquisition in US

"In furtherance of the earlier intimation made by the Company that the Prime Focus Group is in advanced negotiations with two unlisted entities in North America, the Prime Focus Group is close to reaching final agreement to acquire Post Logic Studios (with offices in Hollywood and New York) and Frantic Films (with offices in Los Angeles, Winnipeg and Vancouver) for a total consideration of USD 43 million, pending finalization of deal structure and applicable regulatory and statutory approvals.

These acquisitions will add to Prime Focus' global footprint, which currently entails six visual effects and post-production facilities across India and four facilities in London. The acquisition will also add rights over 55,000 square feet of prime real estate in the heart of Hollywood, and a talent pool of 200 new staff members.

The acquisition will give the Prime Focus Group access to the R&D division of Frantic Films, which develops and markets visual effects software solutions. Frantic Films has worked on top Hollywood films including Fantastic Four: The Rise of the Silver Surfer, Grindhouse, Superman Returns, X-Men 3, Poseidon, Mr. Miagorium's Wonder Emporium and Journey 3-D.

Prime Focus Group plans to continue operations of both Post Logic Studios and Frantic Films as independent facilities, providing both Companies access to a talent pool of over 400 visual effects artists worldwide."

Sowbhagya Exports releases movie

Sowbhagya Exports Ltd has informed that the company has released the picture "MYSAMMA I.P.S" starring : Mumaith Khan, Prabhakar etc., directed by Bharath Parepally, on November 23, 2007 and it is well received by the audience, and this Movie Audio is biggest hit in the Audio world.

The Company is also producing another Movie titled "AADIVISHU" which is under production at present.

Visesh Infotecnics - Deloitte Technology Fast 50 India 2007 winner

Visesh Infotecnics Ltd has informed that the Company is declared a winner in the "Deloitte Technology Fast 50 India 2007 program" a ranking of the 50 fastest growing Technology Companies in India. This was announced during the Deloitte Technology Fast 50 India 2007 ceremony held at Taj Mahal Hotel & Resorts, Mumbai on November 22, 2007.

Wipro - MAKE award

Wipro Ltd has informed that Wipro Technologies, the global IT services business of the Company on November 27, 2007 announced that it has been recognized as a winner of the 2007 Global MAKE Award and was ranked first in the Information Technology sector in 'Creating an environment for collaborative knowledge sharing' and 'Creating a learning organization' categories, thereby delivering value based on customer knowledge MAKE stands for Most Admired Knowledge Enterprises and the awards were established in 1998. This is the second time that Wipro Technologies has been recognized as a Global MAKE winner.

The MAKE Winners are chosen by a panel of Fortune 500 business executives and leading knowledge management and intellectual capital experts after an initial short-listing based on nominations by the panel. The Global MAKE study recognizes organizations which are world leaders in creating shareholder wealth (or in the case of public and non-profit organizations, increasing societal capital) by transforming new as well as existing enterprise knowledge and intellectual capital into superior products / services / solutions. The awards are administered by Teleos, an independent knowledge management and intellectual capital research firm.

Wipro Technologies has also won the 2007 Asian MAKE Award, fifth time in a row, which was presented in a glittering ceremony in the World Knowledge Forum held at Seoul, South Korea on October 18th.

Expressing happiness at these recognitions for Wipro's knowledge initiatives at global, regional and national levels, Mr. Sambuddha Deb, Chief Quality Officer, Wipro Technologies said, "In a knowledge intensive business like IT, effective knowledge management is a significant business differentiator especially as we are diversifying our presence globally. These recognitions are an affirmation of our strategy to make Wipro a true learning organization".

In addition, Wipro Technologies also received the 2007 Indian MAKE Award third time in a row in KM India 2007 organized by CII (Confederation of Indian Industry) at New Delhi on November 14th.

Ved Prakash, Head of Knowledge Management at Wipro Technologies said, "We are very pleased that Wipro has also been inducted into the 2007 Global MAKE Hall of Fame which is an elite group of organizations that have been Global MAKE Finalists in each of the past five studies. This is an affirmation of the mature KM practices in Wipro that are on par with the best in the world."

Wipro Technologies has been running a structured Knowledge Management program since the year 2000 which ensures that all of its 75000 plus employees across the globe have access to the deep expertise lying within the organization. Wipro has implemented a web-enabled portal built on Microsoft Sharepoint to manage documented knowledge and operate virtual communities of practice. The Global MAKE study has found that knowledge-driven organizations significantly out-perform their competitors.

Geometric is now a Microsoft Certified Partner

Geometric Software Solutions Company Ltd on November 28, 2007 has announced that it has achieved "Certified Partner" status in the "Microsoft Partner Program". As a Microsoft Certified Partner, Geometric demonstrates a very high degree of competence and expertise in Microsoft technologies.

Geometric addresses clients' evolving business needs with flexible engagement models; end-to-end product development capabilities, including release management and technical support; collaborative R&D processes; and its own products and technologies that result in a faster time to market for its customers, Geometric has delivered value in software product development to leading Companies in the PLM & Engineering solutions domain, as well as for growing niche technology Companies.

"Achieving Certified Partner status is an important milestone for Geometric, which recognizes the capabilities of our practices and delivery teams and their commitment to delivering products based on Microsoft technologies. This status will help us create value added solutions in areas of our core competence of PLM and Manufacturing, on Microsoft Technologies," said Rajaramana Macha, Chief Operating Officer, of the Company.

Geometric joined the Microsoft Partner Program as part of its effort to build capabilities for customers and partners who are developing new age software solutions on the latest Microsoft technologies. Going forward, Geometric will create a Microsoft Center of Excellence to track and develop expertise and best practices across various Microsoft platforms. This initiative will ensure that Geometric stays on the cutting edge of Microsoft technologies, and continues to provide architectural, design and development services to ISVs and industrial customers. Geometric is already helping its customers release their products on Microsoft Vista and SOA using the Net framework.

The "Microsoft Partner Program", launched in October 2003, represents Microsoft's ongoing commitment to the success of partners worldwide. It offers a single, integrated partnering framework that recognizes partner expertise, rewards the total impact that partners have in the technology marketplace, and delivers more value to help partners' businesses be successful. Microsoft Certified Partners receive a rich set of benefits, including first hand access to Microsoft for competency building, training and technical support.

Ambani brothers - patch up ?

With reference to the news item appearing in a leading financial daily titled "Ambani brothers may bury the hatchet on RNRL dispute", Reliance Industries Ltd has clarified that the Company doest not comment on speculative media reports.

In case if any information is to be disseminated to the market place, the Company would intimate to the Stock Exchanges and Media.

Jaiprakash Associates - Bina Power acquisition

With reference to the news item appearing in a leading financial daily titled "Jaypee group eyes Bina Power", Jaiprakash Associates Ltd has clarified that "in an expanding organization like ours, exploring new business opportunities is a continuous process. As a sequel to this effort, we keep examining various proposals including the one referred. The Stock Exchanges will be informed if and as soon as the proposal gets crystalised."

Garware Offshore - Open Offer

HSBC Securities and Capital Markets (India) Pvt Ltd ("Manager to the Offer") for and on behalf of IndiaSTAR (Mauritius) Ltd ("Acquirer") has issued this Public Announcement ("PA") to the equity shareholders of Garware Offshore Services Ltd ("Target Company"), pursuant to and in compliance with among others, Regulation 10 of the Securities and Exchange Board of India.

The Offer

The Acquirer is making an open offer (the "Offer" or "Open Offer") to the shareholders of the Target Company to acquire upto 4,707,799 fully paid-up equity shares of Rs 10/- each of the Target Company (the "Shares") representing 20% of the expanded paid-up voting equity share capital at a price of Rs 230/- (Rupees Two Hundred and Thirty only) for each share ("Offer Price") to be paid in cash, in accordance with the provisions of the Regulations and subject to the terms and conditions mentioned in this PA and the terms and conditions that will be set out in the letter of offer in relation to the offer ("Letter of Offer").

Schedule of Activities:

Specified Date - November 30, 2007

Date of Opening of the Offer - January 01, 2008

Date of Closing of the Offer - January 21, 2008

Walchandnagar Industries bonus

With reference to the earlier announcement dated November 26, 2007 about the issue of Bonus Shares in the ratio of 1:1, subject to approval of shareholders and other necessary regulatory approvals, Walchandnagar Industries Ltd has now clarify that the bonus share will be issued through capitalization of free reserves in 1:1 ratio on equity share(s) held on the record date to be announced at a later date.

Upon allotment of Bonus Shares, the equity share capital will be of Rs 600.90 Lakhs instead of Rs 300.45 Lakhs at present.

Eicher Motors Update

Eicher Motors Ltd has informed that pursuant to the provisions of SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, the members of the Compensation Committee of the Company at its meeting held on October 22, 2007, had granted approval for further grant stock options to the eligible employees of the Company under the Employee Stock Option Plan —2006 ("ESOP 2006") and subject to the following conditions:

1. Date of the grant: October 22, 2007

2. The eligible employees are in the category of Deputy General Manager and above excluding the promoters and Directors who are holding 10% of the equity capital of the Company;

3. Exercise Price : Rs 462/- per share which is the latest closing market price (Rs 461.80 per share) on NSE / BSE as on October 19, 2007 (i.e. prior to the date of the meeting of the Compensation Committee).

4. Vesting period of 3 years from the date of the grant i.e. upto October 21, 2010 in terms of the Scheme:

5. The exercise period from October 22, 2010 till October 22, 2017 in terms of the Scheme.

6. Total number of employees covered under the Plan is 50;

7. The list of the eligible employees and the grants to each employee is duly approved and signed by the Managing Director of the purpose of identification. There is no employee who is being offered grants more than 1% of the issued paid up capital;

8. Total Fresh grants being approved now under the "ESOP 2006" are 289,200 number of equity shares of Rs 10 each. Cumulative grants after including this come to 546,500 Nos. equal to 1.95% of equity capital.

Glenmark into Nigerian Market

Glenmark Pharmaceuticals Ltd has informed that Glenmark Pharmaceuticals Nigeria Ltd, a subsidiary of the Company, announced its plans for expanding presence in the Nigerian market. Glenmark started operations in April 2007 and has successfully created a market for its products in the country expecting sales of USD 1.3 million by the end of this fiscal. Currently in Nigeria, the Company is present in the areas of Dermatology / Gynecology, Anti-Infectives & Gastroenterology, and plans to additionally launch its products in the areas of Respiratory, Oncology and Metabolic diseases.

Mr. A S Mohanty, Director - Formulations of the Company, said, "Nigeria is the biggest market in West Africa and Glenmark has established its presence there in a very short span of time. We plan to double our business in 2008 - 09 and meet the US$ 10 million mark by 2012-13. Our gastroenterology product Relcer-gel has done really well in Nigeria and we expect to sell more than half a million bottles by the end of FY 08."

At present the Company has 14 SKU registered in 12 months and plans to have another six new products in Nigeria. In additional, the Company also has plans to substantially increase its team in Nigeria in the coming fiscal, and increase the presence of local talent in its sales and marketing team.

The Company is one of the leading players in the Indian branded generics market, specifically in areas of dermatology and respiratory. Its products, Candid B and Ascoril, feature among the top 300 pharmaceuticals products in India.

Tata Steel - Organisation Structure of Tata Steel Group

- Tata Steel Group has announced a new organization structure effective from January 01, 2008 as follows:

Tata Steel Group comprises of two entities, namely, Tata Steel (including Tata Steel Thailand and NatSteel Asia) and Corus Group Ltd. In order to realise this ambition, a new organisation is announced on November 28, 2007, which is effective from January 01, 2008.

* The Chairman of Tata Steel, Mr. Ratan Tata will continue to chair the Strategy and
Integration Committee. Mr. Jim Leng, Mr. B Muthuraman, Mr. Philippe Varin, Dr. Tridibesh Mukherjee, Mr. Rauke Henstra, Mr. Hemant Nerurkar, Mr. Koushik Chatterjee and Mr. Jean-Sebastien Jacques are members of this Committee.

* A Group Centre is created for functions that are to be performed with a common approach across the Tata Steel Group. These functions are Technology & Integration, Finance, Strategy, Corporate Relations & Communications and Global Minerals. The executives responsible for these functions will report to the MD of Tata Steel and the CEO of Corus:

- Dr. Tridibesh Mukherjee is appointed as Group Director, Technology & Integration

- Mr. Koushik Chatterjee is appointed as Group Chief Financial Officer

- Mr. Jean-Sebastien Jacques is appointed as Group Director, Strategy

- Mr. Manzer Hussain is appointed as Group Director, Communications

- Mr. Arun D Baijal is appointed as Group Director Global Minerals

* Both Tata Steel and Corus entities will have Executive Committees chaired by the MD, Mr. B Muthuraman and the CEO, Mr. Philippe Varin respectively.

* A Joint Executive Committee for Tata Steel Group will meet quarterly to review overall performance against the Group ambition. This committee will be co-chaired by the MD of Tata Steel and the CEO of Corus.

Uma Petroproducts stock split

Uma Petroproducts India Ltd has informed that the Board of Directors of the Company at its meeting held on November 21, 2007, has considered and approved the following:

1. Increase in Authorised Capital from Rs 6,00,00,000/- (Rupees Six Crores) to Rs 10,00,00,000/- (Rupees Ten Crores).

1. Split up the shares of Rs 10/- (Rupees Ten Only) each into shares of Rs 1/- (Rupees One Only) each.

3. Issue of Preference Shares on preferential basis to raise further capital.

4. To obtain approval of Shareholders for the above matters by way of Postal Ballot.

Steel Strips Wheels gets orders

Steel Strips Wheels Ltd has informed that the Company has received the confirmation from M/S. KUBOTA - Japan, a globally renowned manufacturer of Tractors that they shall be sourcing 40,000 Tractor wheels Rims, valued over Rs 80 Million, from the Company for their new plant in Thailand.

GMR Infrastructure

GMR Infrastructure Ltd has informed that Delhi International Airport (P) Ltd. ('DIAL'), the Company's Subsidiary Company is proposing to provide additional facilities and services to the passengers during the winter months and undertaking several proactive measures to reduce inconvenience to passengers during the fog season.

In this regards, DAIL has issued the following Press Release:

"To provide additional facilities and services to passengers during the winter months, Delhi International Airport (P) Ltd (DIAL) is undertaking several proactive measures. DIAL in discussion with various stakeholders at the airport such Airlines, ATC, CISF, BCAS, Met Department, Customs, Immigration, Delhi Police and Catering Firms has drawn a strategy to reduce inconvenience to passengers during the fog season.

To provide additional seating area for passengers, Terminal 1B is being extended on the kerbside. Compared to last year, where the additional seating was across the road - this extension will be attached to the terminal building itself for the convenience of the passengers. An extensive flight information display system is being provided in the extension area to regularly update the passengers.

DIAL is working on a strategy with the airlines to systemize the movement of passengers from the extension to the Check-in area, and onward to the Security Hold Area based on the departure status of their flight. To co-ordinate the operations during the fog period, a centralised Emergency Response & Interactive Centre (ERIC) will be set up.

In the extension area, as well as inside the terminals additional arrangements have been made to provide refreshments, food and beverages to passengers. These additional counters will supplement numerous F&B outlets such as Yo-China, Café Coffee Day, Nirulas, McDonald's that DIAL added to IGI airport in the last one year amongst others. This season, Nirulas, Yo China, Nescafe along with other concessionaires are providing additional kiosks.

DIAL has also deployed 60 specially trained Customer Service Staff to provide assistance & information to passengers. An increased number of payphones, along with 25 coin operated booths have been added at IGI Airport to help passengers stay in touch with their friends and relatives. In addition, DIAL is setting up a basic call centre which will share the available flight information and airlines' contacts numbers. A link of the FIDS (Flight Information Display System) will also be provided on DIAL website for the benefit of passengers.

The Delhi Airport is equipped with Category IIIB Instrument Landing System. The system allows compatible aircraft and trained pilots to land even when the runway visibility is up to 50 meters. This year, 55 parking bays at the domestic aircraft apron have been provided with CAT III compatible lighting systems, compared to 25 last year. Additions carried out over the last year have provided additional number taxi routings to smoothen aircraft movement, and prioritize the movement of CAT III enabled aircraft. DIAL has added 4 new rapid exit taxiways, namely B1, F, U & V to speed up aircraft movement.

The Meteorological Department of India will also be providing latest fog updates to the ERIC. In addition, a Crisis Management Center (CMC) would also be set-up to co-ordinate the efforts and manage any unforeseen events. Representatives from various stakeholders would be present in the CMC. A centralised media centre will also be available to facilitate the media persons. Help is being sought from media to provide updates to public as well. Special booklets with information on fog and do's and don'ts for passengers will also be circulated.

DIAL is taking all possible measures to minimise the impact of the fog & low visibility on flight operations and to avoid inconvenience for passengers. It will extend all possible assistance to passengers and stakeholders alike.

Further the Additional facilities for passengers & airlines

- Extension of Terminal 1B to provide additional seating for passengers.

- 60 customer service staff deployed round the clock for passenger facilitation

- Additional F&B, Telecom & Flight Information facilities for passengers

- Call Centre being set-up to provide flight information.

- Increase in CAT III lighting equipped aircraft bays from 25 to 55

- New rapid exit taxiways added along with additional taxi routes to smoothen aircraft movement.

Pyramid Saimira acquires Dimples Cine Advertising

Pyramid Saimira Theatre Ltd on November 28, 2007, has announced its strategic acquisition of Mumbai-based Dimples Cine Advertising Pvt. Ltd. & Dimples Cine Activations. As per the details of the acquisition, Pyramid Saimira Group has acquired 51% stake in the Company, for an undisclosed sum. The firm will continue to remain headquartered in Mumbai, while becoming a part of the Pyramid Saimira Group universe.

Speaking about the acquisition, Mr. P S Saminathan, Managing Director, of the Company said, "We are extremely happy to announce this strategic acquisition of Dimples Cine Advertising and welcome the employees of Dimples into the Pyramid Saimira family. Further, as the content industry is becoming more atomized and pull oriented, the challenges for an advertiser to be visible on all the media vehicles, assumes greater importance with the proliferation of television channels and other exposure outlets such as internet, cinema advertising etc. Pyramid Saimira with its strong presence in all streams of entertainment business in India, be it featuring film content for television or access to the largest chain of theaters across the country, is in a position to provide almost all advertising requirements of a large advertiser or agency under one umbrella. In short, Pyramid Saimira will become a one stop entertainment super market."

As per the details of the acquisition, Pyramid Saimira will roll out a massive business plan for Dimples Cine Advertising Pvt. Ltd. & Dimples Cine Activations, through which Dimples will have access to 4000 digitally targetable screens by 2010. "Through this acquisition, we aim to be a major media & advertisement vehicle in India," said Mr. Saminathan.

Recently, Pyramid Saimira acquired Texas-based FunAsiA through its subsidiary; Pyramid Saimira Entertainment America, Inc. Pyramid Saimira also acquired an existing theatre and radio drive-time hours in Chicago and radio time in Houston.

Infosys Technologies Updates

Infosys Technologies Ltd has announced that the Company has entered the Balanced Scorecard Hall of Fame for Executing Strategy™ for achieving breakthrough performance results using the Balanced Scorecard (BSC). The award has been instituted by the Palladium Group, Inc., a leading global professional services firm that enables Companies to better measure and manages performance using the Balanced Scorecard approach. Past winners of this award include UPS, Best Buy, Siemens, Motorola and AT&T Canada.

Commenting on this recognition, Sanjay Purohit, VP & Head - Corporate Planning & Business Assurance, Infosys said, "Infosys has found entry into the BSC Hall of Fame on account of its innovative strategy planning and execution capabilities. We invest in a portfolio of organization-wide planning and execution processes and systems, which involves participation from a cross-section of our employees, including our under-30 budding young leaders. We believe our strategy roadmap and the BSC are key instruments that will help Infosys become a transformation partner to all the clients."

Infosys was lauded for its focus and success in driving the execution of key strategies resulting in growth and differentiation. The award was based on five key principles; (1) Mobilizing change through executive leadership; (2) Translating strategy into operational terms; (3) Aligning the organization around its strategy; (4) Motivating to make strategy everyone's job, and (5) Governing to make strategy a continual process.

The BSC concept, created by Dr. Robert S Kaplan and Dr. David P Norton in 1992, has been implemented across several thousand corporations, organizations, and governments worldwide. It has been cited by Harvard Business Review as are of the most important management ideas of the past 75 years.

Based on the simple premise that "what gets measured is what gets done," the BSC puts strategy at the center of the management process, allowing organizations to implement strategies rapidly and effectively. Begun in 2000, the BSC Hall of Fame Program publicly honors organizations that are successfully using the BSC to achieve and sustain breakthrough performance results.

Valuemart Info Technologies acquires Datatalk Services

Valuemart Info Technologies Ltd has informed that the Company has acquired a 74% stake in Datatalk Services (India) Pvt Ltd (Datatalk) a Bangalore based IT & BPO Company. The shareholders agreement with Datatalk has been signed on November 28, 2007. Post Acquisition, Datatalk will be a subsidiary of Valuemart. The acquisition will help the Company to acquire premium clients and broad base our service offerings in the BPO segment.

Datatalk, a Bangalore based BPO, offers Direct Marketing, Customer Acquisition and Retention and Telemarketing Services in the Domestic Market to prestigious Clients like Airtel, Club Mahindra, Deutsche Bank, Nestle, Pepsi, Tektronics and Zee Television among others. Datatalk currently operates a 100-seat facility, in Bangalore and will set up an additional 200-seats capacity for its clients in Bangalore and Hyderabad in the next six months.

Announcing this, Mr. C K Vasudevan, Managing Director, Valuemart said, "The acquisition will help us to acquire premium clients and broad base our service offerings in the BPO segment".

In July 2007, Company successfully completed a Preferential Issue and raised Rs 6 Crores from Strategic Investors. These funds will be partly utilized for the acquisition.

Valuemart is an IT and BPO solutions Company with offerings in ERP and new generation patent pending technologies such as BPM. Its key competencies are in the Banking, Financial Services, Insurance, Legal and Manufacturing Verticals.

DLF - Adrian Zecha & DLF Partner to acquire AMAN Resorts

DLF Ltd has informed that Adrian Zecha, Founder and Chairman of Aman Resorts announced that he has formed an equal partnership with the Company, which has entered into definitive agreements to acquire a controlling interest in the Aman Resorts group. The entire transaction, when completed, is estimated to be valued at US$ 400 million with an assumed debt of approximately $ 150 million.

Aman Resorts is the world's leading hospitality and lifestyle business and currently owns and operates 22 luxury hotels, many with residences, in 12 countries. Several of the properties, such as the famed Amanpuri in Phuket and Amandari in Bali have received numerous awards over the years as being the world's leading leisure and hospitality destinations. Aman Resorts has consistently been top rated over the years by leading publications such as Conde Nast, Zagat Survey, Travel & Leisure amongst many others. The Company has ambitious growth plans with many new properties in various stages of development. In addition to expanding its resort locations, Aman Resorts is developing projects in key gateway cities around the world, the first of which is scheduled to open in New Delhi, India, in 2008.

"We are delighted at this unique opportunity to become a partner in one of the world's leading hospitality & lifestyle brands. We look forward to working closely with the founders and management of this business to further enhance its leadership position in the industry" said Mr. Rajiv Singh, Vice Chairman of the Company. Overseas Hotels Ltd, a subsidiary of the Company, is making the investment. Luthra & Luthra Law Offices acted as adviser to DLF in this transaction.

Bhushan Steel - diluting stake - no !

With reference to the news item appearing in a leading financial daily titled "Bhushan Steel share up 45%", Bhushan Steel Ltd has clarified that, "as on date neither the Company has any plan nor had any conversation with any body in the past regarding diluting the stake.

We ourselves got astonished on seeing the news which has already been denied. There is no substance in the news published on the financial daily."

Nucleus Software Exports opens center in Chennai

Nucleus Software Exports Ltd on November 27, 2007 announced the set up of a new development center in Chennai, India. The centre of excellence, located in Ambattur Industrial Estate, will focus on development and implementation for the client base in South Asia. With a capacity of over 200 seats, the centre is state of an art facility with world-class infrastructure to support growing customer needs. The Company is looking at widening its global reach and strengthening their position in the region with this move.

Commenting on the occasion, Mr. Vishnu R Dusad, CEO & Managing Director of the Company said, "Our selection of Chennai as a location is to re-iterate our commitment for the South India and South Asia markets. With establishment of a information technology infrastructure, state-of-the-art facilities and its high-quality engineering universities, Chennai was the ideal choice."

"The South Asian region has always been a strategic and promising market for Nucleus. As the demand in the region intensifies, we would be well positioned to provide efficient delivery of the high-quality products and services to our customers, thereby reaffirming our leadership position," added Mr. Dusad.

Suven Life Sciences Secures Two Product Patents from European Patent Office (EPO) for the treatment of Neurodegenerative diseases

Suven Life Sciences Ltd (Suven) on November 27, 2007 has announced that the European Patent Office (EPO) granted Two Patents, 1523486 and 1581538 to Suven and are valid until June 2022. The granted claims of the patent include the class of selective 5-HT compounds discovered by Suven and are being developed as therapeutic agents and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimer's, Attention deficient hyperactivity, Huntington's disease, Parkinson & Schizophrenia

Suven has three (3) European Patents granted until now and all of them have been validated in all the 37 member countries of Europe including major markets like Germany, Switzerland, Denmark, Spain, France, United Kingdom, Italy, Netherlands, Poland, Sweden and Finland. There are several 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 already 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 continue to work on G-Protein coupled receptor (GPCR) targets to discover and develop molecules focusing on CNS disorders with unmet medical need and high market potential, says Venkat Jasti, CEO of Suven.

KEC International gets awards

KEC International Ltd has announced that the Company has bagged two contracts in Saudi Arabia and Namibia worth Rs 260 crores and Rs 140 crores respectively through an international competitive bidding process.

In Saudi Arabia, the contract, to be completed in 22 months, is for the Saudi Arabian Mining Company (MA'ADEN). It is a turnkey job of 380 KV double circuit transmission lines of 123 Kms. length connecting Saudi Arabia Electricity Company's substation to MA'ADEN Power Plant Site at Ras Az Zawr. The Company had earlier won a project in Saudi Arabia worth Rs 95 crores in June 2007.

In Namibia, the Company has been awarded a turnkey job of 350 KV double circuit bipolar HVDC transmission line of 306 Kms. from Bagani to Zambezi for NAMPOWER. This project has a completion period of 22 months.

"Both these orders are very significant for KEC. The Saudi Arabian contract is from a mining Company which marks an expansion of our client base from the current clientele which largely comprises of utilities", said Ramesh Chandak, Managing Director, of the Company. "The turnkey job in Namibia along with a tower supply order obtained earlier in South Africa, marks our full-fledged entry into the South African Development Council (SADC) market. With this entry, KEC can now boast of complete geographical coverage of the African continent", he continued.

Shringar Cinemas - PSTL tieup

Shringar Cinemas Ltd has informed that Shringar Films Ltd., a 100% subsidiary (and the distribution arm) of the Company has tied up with Pyramid Saimara Theatre Ltd (PSTL) to distribute 'Halla Bol' in the Delhi and UP territory.

'Halla Bol' which has been directed by Rajkumar Santoshi, is scheduled to be released on December 21, 2007 and has a star cast that comprises of Ajay Devgan, Vidya Balan among others.

Speaking on the announcement, Shravan Shroff, Managing Director of the Company said that "we are extremely proud to be associated with PSTL for 'Halla Bol', and we are confident that is would be the start of an extremely fruitful working relationship with PSTL, and we look forward to greater alliances with them in future."

IOL Broadband - VOIP deal with MTNL

IOL Broadband Ltd has announced that it has signed a VOIP service providers agreement with MTNL last week. MTNL has taken a bold step in introducing VOIP services in keeping with the Global trend of Telcos to enhance their ARPU's. This agreement will allow the Company to interconnect with millions of MTNL subscribers with local / STD / International calls at very low rates. The Company's spokesperson said that in the first year, the Company is planning a capacity of 100 million minutes going upto 1 billion minutes in two years time and expecting huge increase in VOIP and Broadband connections in the near future.

The Company announces availability of videophones to all its Broadband subscribers along with VOIP phone and teleconferencing services.

With this agreement the Company is now able to offer bundled voice - video - data - triple play services in addition to IPTV Services.

Nirma enters into definitive agreement for the acquisition of USA based Natural Soda Ash producer

Nirma Ltd has informed that the Company has entered into definitive agreement for the acquisition of USA based Natural Soda Ash producer. Searles Valley Minerals Operations Inc. and Searles Valley Minerals Inc. (collectively, SVM), from an affiliate of Sun Capital Partners. Inc. and other minority shareholders for full ownership.

The definitive agreement for the acquisition among other things, is subject to customary regulatory clearances.

The HSBC Securities and Capital Markets (India) Pvt Ltd advised the Company on the transaction and J. P. Morgan Securities Inc. advised SVM. Wilson Sonsini Goodrich & Rosati served as US Legal Counsel to the Company with AZB Partners as Indian Counsel. Due diligence related to finance, employee and tax matters was conducted by KPMG.

About SVM

SVM, a leading manufacturer of inorganic chemicals, is one of the five natural soda ash manufacturers in the USA. SVM is the only US producer of soda ash, sodium borates, boric acid and sodium sulfate utilizing the solution mining method. Solution mining offers major advantages in the reduction of labor costs compared to the conventional underground mining, in addition to the solution mining processes, SVM produces sodium chloride from solar pond evaporation.

SVM has three manufacturing facilities located at Argus, Trona and Westend, California. USA. The Argus facility manufactures Soda Ash, the Trona facility produces Boric Acid, anhydrous borax and borax decahydrate and the Westend facility productes sodium borate pentahydrate, sodium sulfate and sodium chloride. SVM owns some of its mineral reserves and also produces from long-term leases with the US Bureau of Land Management. Total mineral reserves are in excess of 600 million tons, sufficient for 300 to 400 years production at current production level. SVM has a combined production capacity for all products of over 1.9 million tons. It transports 80% of its production by rail to domestic customers and to export markets through the ports of San Diego, California and Long Beach, California. SVM also has a 67 megawatt /hours co-generalion power plant, a short line railroad and a joint venture in port operations at the Port of Long Beach. SVM leases and operates its own port / berthing facility in San Diego and owns a 31 mile short-line railroad that connects directly to the Union Pacific Railroad at Searles Station, California. As part of its logistic operations, SVM owns 6 locomotives, leases about 1600 product hopper cars and about 175 coal cars.

GVK Power & Infrastructure

GVK Power & Infrastructure Ltd has informed that Mumbai International Airport Pvt Ltd, an associate Company of the Company on November 27, 2007 has awarded the Duty Free Contract to DFS Ventures Singapore (Pte) Ltd for a period of three years with an option to extend for another year.

Rasi Electrodes Bonus Record Date

Rasi Electrodes Ltd has informed that December 20, 2007 has been fixed as the Record Date for determining the shareholders who are eligible for allotment of Bonus Equity Shares in the ratio of TWO Bonus Equity Shares for every FIVE equity shares held by the shareholders.

Indowind Energy

Indowind Energy Ltd has informed that some reports regarding the Company seem to appear in press and media. In this regard, the Company has stated that it has not finalized any firm plan as of date.

Kansai Nerolac Paints gets ICSI award

Kansai Nerolac Paints Ltd has informed that the Company has won the ICSI National Award for Excellence in Corporate Governance, 2007, instituted by the Institute of Company Secretaries of India. The award was presented to the Company in Kolkata on November 26, 2007.

The Award was conferred on the Company in recognition of the Company’s creative and contributive capabilities, sustainable relationship with major stakeholders in delivering value and its future vision and sustainability. The Company was appreciated for its open culture with transparency in operations and professional approach, its strong value system that serves as a guide for exhibiting appropriate behaviour, internally and externally and its endeavour to make corporate governance as a part of the Company’s culture.

Bhagawati Gases signs MoU

Bhagawati Gases Ltd has informed that the Company has signed a Memorandum Of Understanding on November 13, 2007 with "ROTOR-1 Ltd" presenting Design Bureau "Geophyspribor" of Russian Academy of Science having registered office in Russia at 77B Lenina Street, Kursk Russian Federation for bidding Tender no. - ZA24L07005 of Oil and Natural Gas Corporation Ltd for "Hiring Of Services for Low Frequency Passive Seismic Survey For Direct Detection of Hydrocarbon in South Kadi Area of Western Onshore Basin in The State Of Gujarat(India)".

Vishal Retail - Opening of New Showrooms

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

- Sai Road, Baddi, District Solan, Himachal Pradesh spread over an area of 12,000 Sq. Ft. (Approx) on November 24, 2007.

- L-10, Mahipalpur-Mehrauti Road., Mahipalpur, Vasant Vihar, New Delhi spread over an area of 12,750 Sq. Ft (Approx) on November 25, 2007.

The total no. of stores opened by the Company has reached to the tally of 72 stores spreading across an area of 1,689,164 sq. Ft.(Approx).

Independent Global User Survey Ranks HCL Technologies No.1 in Infrastructure Outsourcing

HCL Technologies Ltd on November 26, 2007 has announced that it has been ranked as the world's No. 1 Infrastructure Outsourcing vendor by the Brown-Wilson Group for The Black Book of Outsourcing (Wiley Publishers). This report is a subset of the globally respected Annual Black Book Global User Survey.*

Of the 276 global vendors qualified for this survey, HCL, EDS, CSC, Unisys and IBM took the top five spots. The rankings were derived based on user ratings spanning 18 criteria of ITO Infrastructure Operational Excellence. HCL not only occupies the top spot on this list, but also holds the distinction of being the only Indian Company in the top 10.

Notably, HCL was ranked #1 in the following infrastructure sub-categories in this survey:

• ITO: On-Site Comprehensive / End-to-End Infrastructure Services
• ITO: Remote Comprehensive / End-to-End Infrastructure Services
• ITO: Infrastructure Subset: Desk Top Support Services
• ITO: Infrastructure Subset: Storage & Servers

The Company also topped the list in 13 of the 18 criteria of ITO Infrastructure Operational Excellence including Vendor Overall Preference / Highest Recommendation, Client Relationships, Breadth of Offerings, Client Types, Delivery Excellence, Deployment and Outsourcing Implementation, Integration and Interfaces, Compensation and Employee Performance, Reliability, Brand Image, Marginal Value Adds, Viability, Data Security and Backup Services, Support and Customer Care, Best of Breed Technology and Process Improvement.

"It is a great honor to be ranked as No.1 in the infrastructure vendor category," stated Anant Gupta, COO, HCL, ISD. "As the result of a Global User Survey, this ranking is a clear reflection of the continued transformational value that we have created for our customers matched with high levels of delivery excellence. As an organization with a clear IT Infrastructure DNA, we continue to be focused on delivering actionable innovation, transparency, flexibility and sustainable value-adds to our clients and being a partner in accelerating their profits and growth."

The Black Book initiative sponsors the only annual, independent, non-biased ranking of 300 outsourcing advisors and 4,500 vendors as completely scored from over 20,000 outsourcing users’ and clients’ ballots. In addition to identifying The Top 50 Best Managed Global Outsourcing Vendors, 12 sublists were created from eighteen criteria of operational excellence and client satisfaction with outcomes. The Infrastructure ranking is based on vendor evaluation across 18 points of ITO Infrastructure Operational Excellence, including innovation, training, breadth of offerings, client adaptability, reliability, support and customer care, among others.

HCL pioneered the concept of Remote Infrastructure Management (RIM) with a co-sourcing model of engagement, which has added substantial value to customers Including 57+ Global 1000 enterprises. The Company was cited as a leader in European RIM and Global IT Infrastructure Outsourcing by Forrester and was ranked No.1 'Specialty Offshore Infrastructure Services Provider' by NeoIT and 'Managing Offshore' magazine. HCL has also been ranked as the World No.2 in IT Infrastructure Services by Global Services 100 Survey.