Bharti Airtel wins The Best Billing/ Customer Care Solution at the GSMA Mobile World Congress

Bharti Airtel Ltd has informed that Airtel was awarded with top honors in the GSMA Mobile World Congress Conference in Barcelona for its mChek solution in the category "Best Billing / Customer Care Solution". This prestigious award is testimony to Airtel's continuing endeavor to set industry benchmarks and drive innovation and service excellence across various mobile technology platforms.

The Mobile World Congress in Barcelona is an annual event that brings together all leading mobile companies in the world and recognizes the very best product and service innovations across categories. Given the increasingly diverse and changing communication landscape, the Best Billing / Customer Care Solution award recognizes solutions that help increase profitability, reduce costs and help engender a high standard of customer service. Airtels mChek solution was adjudged the best in its category for its simplicity of use, in-built security features and the convenience that this brings for customers.

Mr. Sanjay Kapoor, President, Mobile Services, Airtel said, "It is an honor to be recognized as-the best amongst our global peers for our mChek platform. The award truly recognizes Airtel as an industry leader in innovation and service excellence. To have won amongst an elite list of entries only strengthens our resolve to set higher benchmarks and deliver innovative solutions to enhance customer convenience. In future, we will enhance this platform further as we extend our foray into mobile commerce."

The Jury for the Awards included eminent personalities like independent editors, analysts, experts and academicians. Conferring the honor to Airtel for pioneering yet another category defining initiative, the Jury had this to say "For all those who thought mobile commerce was a pipe dream, mChek on Airtel, has just shown the way to do it. The cashless society is here and it s gone mobile."

mChek - the application that makes possible Anytime-Anywhere Bill Payment allows customers to sign- up for the service through their mobile phone in a matter of seconds and make payment transactions for mobile bill / insurance premiums / transfer funds from bank accounts to name a few. mChek as a service was introduced with an aim to enhance customer delight and provide them yet another simple, secure option for payments through mobile.

The other nominations in the Best Billing / Customer Care Solution category apart from Bharti Airtel in the final short-list were CTI Group, IDEA Cellular and True Move Com.

Wipro to deliver IT transformation

Wipro Ltd has informed that Wipro Infotech, the India, Middle East and Asia Pacific IT Business of Wipro Ltd and a leading provider of IT and business transformation service on February 14, 2008 announced that it has won a comprehensive IT outsourcing contract from Pantaloon Retail (India) Ltd. Pantaloon Retail is India's leading retailer and operates multiple retail formats in both the value and lifestyle segments of the Indian consumer market. Pantaloon operates over 1000 outlets across 53 cities in India.

Pantaloon Retail has ambitious growth plans to enhance their geographical footprint and will increase their outlets to over 2,500 over the next 5 years. In its endeavour to capture a large pie of the consumption basket of Indian consumers, Pantaloon is aggressively launching innovative retailing formats and differentiated private labels.

To support these strategic initiatives, Pantaloon has selected Wipro for delivering streamlined IT operations. As pad of the scope, Wipro is responsible for rolling out and managing the IT operations across all the outlets of Pantaloon. Wipro will deliver comprehensive infrastructure management and application support services, managed security services and data centre hosting, operations & management services. Wipro will leverage its state of the art Global Service Management Centre to deliver predictable & scalable IT services platform for Pantaloon.

Suresh Vaswani, President — Wipro Infotech & Global IT Practices said, "We are delighted to be partners in the retail revolution unleashed by Future Group which has transformed the consumer experience in India. Wipro will deliver IT transformation for Pantaloon by creating scalable and agile operations which will become the bedrock of geographical expansion and superior customer experience. This partnership brings together two innovation led organizations strongly focused on the Indian customers & their unique needs.

Gremach issues FCCBs

Gremach Infrastructure Equipments & Projects Ltd has informed that the Company has issued and allotted Foreign Currency Convertible Bonds ("FCCBs") with a maturity of five years and one day on February 12, 2008. The FCCBs were issued in the principal amount of US$ 50,000,000 (Fifty million only) and are convertible into ordinary shares of the Company at an initial conversion price of Rs 376.36 per share. The conversion price of the FCCBs may be adjusted in certain circumstances. The FCCBs, have a 1% coupon (payable on a semi-annual basis). The said issue was made at 15% premium to the reference price.

The Company had previously obtained the approval of its shareholders to issue FCCBs up to a value of US$ 75 million. These FCCBs will be listed on the Singapore Stock Exchange.

Standard Chartered Bank was the sole bookrunner and Atherstone Capital Markets Ltd act as a financial Advisor for this issue

NRDL signs deal with Lilly

Nicholas Piramal India Ltd has informed BSE that NPIL Research & Development Ltd ('NRDL'), has signed a second new drug development agreement with Eli Lilly and Company ('Eli Lilly') to develop and in certain regions, commercialise, a select group of Eli Lilly's pre-clinical drug candidates that span multiple therapeutic areas.

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

"NPIL Research & Development Ltd (NRDL), an independent Company recently demerged from Nicholas Piramal India Ltd ("NPIL") and Eli Lilly and Company ("Lilly") (NYSE: LLY) have signed a second new drug development agreement to develop and, in certain regions, commercialise a select group of Lilly’s pre-clinical drug candidates that span multiple therapeutic areas.

The new NRDL-Lilly alliance generally follows the framework established by the earlier agreement between NPIL and Lilly, signed on January 12, 2007, and continues the rationale of seeking to increase productivity in drug development by synergizing the unique strengths of both companies and equitably sharing risk and reward. However, the second agreement includes an innovative structure that may improve the probability of success of the programme. In this new agreement, both NRDL and Lilly will independently carry out early clinical development of two different candidate compounds directed against the same target. Following the evaluation of the data from the Proof-of-Concept studies, one or more of the drug candidates may be selected for further development. NRDL's compensation, based on a pre-agreed formula, could total up to $110 million in call-back payments and milestones, plus royalties on sales.

Dr. Swati Piramal, Director, Strategic Alliances & Communications, NPIL, said, "We are strengthening our R&D collaboration with Eli Lilly as our first agreement is on track and has seen benefits accruing to both partners in terms of cost, quality and time. These partnerships are a win-win for both Companies and will help us to reduce the burden of human disease."

"This additional collaboration with Nicholas Piramal is a prime example of the innovative risk sharing relationships that Lilly is building around the globe as we implement our strategy of becoming a fully-integrated pharmaceutical network, or FIPNet", said Robert W Armstrong, PhD., Vice President, Global External Research and Development for Lilly. "In the case of NRDL, we have made good progress over the past year and look forward to continued success in our combined drug development efforts."

Glodyne Technoserve super ranked!

Glodyne Technoserve Ltd has announced that the Company has been super ranked 173 among the Top 1000 Corporate Giants in India, according to a survey by Business Standard.

The super ranks were arrived at by weighing the rate of growth of consolidated net sales, operating profits, net profit, assets, net worth and market capitalization for the financial year 2006-07.

Glodyne has also been the winner in the Deloitte Technology Fast 500 in Asia Pacific for the year 2007. This was the second time that Glodyne has won the Deloitte Technology Fast 500 Asia Pacific award in the last 3 years.

Dwarikesh power plant at UP becomes active

Dwarikesh Sugar Industries Ltd has announced that on the February 03, 2008 at Company's Dwarikesh Puram (DP) plant in Afzalgarh, Bijnore District, the power generation turbine was synchronized with the grid of UPPCL. Power evacuation which is 20 megawatts initially will be gradually stepped up to achieve its rated capacity of 24 megawatts. Power generated will be green power, as it will be generated from bagasse (biomass). The fact that the project is already registered with UNFCCC for generation of (Carbon emission reduction) CER units is a matter of pride and bears adequate testimony of the environment friendly nature of the project.

The start of cogeneration plant at its Dwarikesh Dham plant in Fardipur, Bareilly district on February 09, 2008 is another defining moment in the history of the Company. This plant is an encore of the DP plat and will also use biomass for power generation. It is equipped to supply more than 24 megawatts of green power to the grid of UPPCL. Recognizing the environment friendly nature of the project, UNFCCC has on the February 01, 2008 accorded registration to this project for generating CER units.

Power purchase agreements (PPA) are already executed with UPPCL for supply of power from these units for the next 20 years. Registration of these projects with UNFCCC will help enable the Company to sell CER units and in the process earn handsome revenues.

The Company is now equipped to export 56 megawatts of green power besides meeting all its captive requirement. Commencement of these projects are giant steps in the direction of optimizing use of by products and in combating adverse cyclic conditions impacting the sugar industry. In the execution of above projects high pressure boilers & sophisticated turbines involving revolutionary technology and investment in excess of INR 225 crores were deployed. The commencement of these projects would usher in a new era in the history of the Company as new dimension will be added to the business model where in there will multiple streams of revenue, each contributing significantly to the top-line and the bottom-line.

The Company now has state of art facility to crush 21,500 metric tons of sugarcane every day, export 56 megawatts of power every hour and produce and sell 30 KL of ethanol / Industrial alcohol everyday.

There is paradigm shift in the business model of the Company. From a business entity which originally made only sugar it has now transformed in to an entity which also makes sugar.

Mr. Vijay S Banka, CFO, Dwarikesh Sugar Industries said "The commencement of the cogeneration plants and their registration with UNFCCC adds an exciting dimension to the growth story of our group. The past one year has been very difficult and it required concerted effort on the part of all concerned within the organization and support and help of all our business associates to survive and beat the adversity. However the worst is behind us and we look forward to sustained growth and exciting times in future."

Biocon to acquire axiCorp

Biocon Ltd, on February 11, 2008 has announced that it has reached agreement to acquire a 70% stake in German pharmaceutical company, AxiCorp GmbH for a consideration of €30 Million. This will enable the marketing and distribution of a range of pharmaceuticals including generics, biosimilars, biologics and innovative pharmaceutical products in Germany and Europe. Allegro Capital were the financial advisors to Biocon on this transaction.

AxiCorp is a specialized marketing and distribution company established in 2002 by a group of industry experts to address the lucrative generics and parallel distribution market in Germany and Europe. AxiCorp is ISO 9001 certified with a differentiated distribution model that is aligned to the radically altered way the German pharmaceutical market now functions.

Kiran Mazumdar-Shaw, Chairman and Managing Director of Biocon said, "AxiCorp is a key strategic investment for Biocon as it heralds our European foray for biosimilars like Recombinant Human Insulin. Biocon is investing in AxiCorp’s very impressive entrepreneurial team and its highly differentiated business model, which will help us build strong marketing and distribution capabilities in Europe. Both companies share a common vision of affordable healthcare which we can deliver through a combination of Biocon’s low cost manufacturing and AxiCorps low cost distribution. We are delighted to welcome AxiCorp to the Biocon group of companies as an autonomous subsidiary. We look forward to the continued leadership role played by Holger Gehihar and Dirk Ullrich in steering AxiCorp to new levels of growth."

With the strategic investment in AxiCorp, Biocon establishes its first presence in Europe in order to market its injectible insulin on its own, and also to build up marketing and distribution capabilities for many other products of its portfolio.

Sterlite Technologies gets contract from Ethiopia

Sterlite Technologies Ltd on February 11, 2008 announced that it has received a contract from Ethiopian Electric Power Corporation (EEPCo), Ethiopia for manufacture and supply of AAAC Power Transmission Conductors. The contract is valued at US$ 17.5 Million
(approximately INR 700 Million) and as per customer requirements; the deliveries are scheduled from April 2008 through September 2008.

Sterlite was chosen as the sole manufacturer and supplier for over 17,000 km of ‘AAAC Conductors' that would be installed in the 4,000 km route length of the 'Accelerated Electrification Programme (AEP) Project' being executed under World Bank funding in Ethiopia.

Sterlite has a fortified its market share to about 14% in Africa & the Middle East with its Power Transmission Conductors products sold in 32 countries across the region to reputed Turnkey, Utilities and Infrastructure Companies such as SONELGAZ - Algeria, EEPCo - Ethiopia, KPLC – Kenya, PHCN – Nigeria, ESKOM - South Africa and FEWA - UAE, to name a few.

For the 9-months in FY 2007-08, Sterlite’s export sales for its Power Conductors accounted for about 35% of total revenues from sale of its Power Conductor products. The Company currently supplies about 27% of India’s total demand for power transmission & distribution conductors.

Says Mr. Pravin Agarwal – Director, of the Company, "We are honored to partner with EEPCo for this project. With over a decade of experience with the varying requirements of our customers in global markets, supported with state-of-the-art integrated manufacturing facilities, we believe that Sterlite is uniquely positioned to deliver significant value to all our business partners."

Sterlite is a significant contributor to the global power sector through indigenous manufacture of a complete range of power transmission conductors at Extra High Voltages (400kV - 800kV), High Voltages (66kV – 220kV) and power distribution conductors (11kV- 33kV). The Company has a cumulative manufacturing capacity of 115,000 MT (Metric
Tons), making it the largest manufacturer in India and amongst the Top 5 global manufacturers of Power Conductors.

Moser Baer to expand Thin Film Photovoltaic capacity

Moser Baer India Ltd on February 09, 2008 has announced that its wholly owned subsidiary, PV Technologies India Ltd, has signed a Memorandum of Understanding (MoU) with a leading global equipment supplier to secure supply of critical equipment for a 565 MW phased expansion of its Thin Film Photovoltaic modules manufacturing capacity, which together with the current project capacity of 40 MW will take the total manufacturing capacity to over 600 MW by 2010.

Ravi Khanna, CEO, PV said, "Leaders in the PV industry will continue to emerge on the strengths of rapid scale up and technology differentiation. We see an increasingly significant role for Thin Film technologies in meeting peaking power requirements and now aim to be a significant player in this arena."

Thin film solar modules are ideal for energy farms, rural applications and building integrated Photovoltaic markets. Photovoltaic modules based on large area Thin Film technology provide a path to cost parity between solar grid power. According to market estimates, the Thin Film based solar modules will see large emerging applications and a robust demand that, according to industry estimates is expected to grow ten fold; from 250 MW currently to 2GW with a market size of $5 bn by 2010.

Kemrock to acquire Top Glass

Kemrock Industries & Exports Ltd has informed that the Company has reached an in-principle understanding to acquire the business of Top Glass SpA, Italy. The deal was negotiated and agreed in-principle on February 08, 2008, by Mr. Kalpesh Patel, Chairman and Managing Director of Kemrock and Mr. Alfonso Branca, Managing Director of Top Glass.

The acquisition of majority holding, which is subject to customary due diligence, documentation and compliances with the applicable regulations / approval would enable, Kemrock to integrate Top Glass' World renowned technical Capabilities in the field of pultrusion with Kemrock's growing reputation as Asia's leading composites manufacturer employing all the major process technologies.

This significant event in the history of Kemrock signals a major step forward in the technical competence, of pultruded products now available to the Indian and Asian Composites Market. The Company would have the enhanced capability of serving basic industries in the manner that European and North American users have enjoyed over the past few years.

Mr. Branca, Managing Director meantime foresees advantage for the Top Glass activity in Europe. Top Glass will remain an autonomous, entity as a subsidiary of Kemrock.

Top Glass are based some 20 kms north east of Milan, in a modern, state of the art pultrusion facility; and are renowned for the market leading technical expertise they exhibit.

Tanla Solutions Mobile Updates

Tanla Solutions Ltd has announced that Tanla Mobile Ltd, a subsidiary of the Company is issuing a press release about Tanla Mobile publishing a Marketing and Advertising Guide in the United Kingdom, which is as follows :

"Tanla Mobile, the global leader for wireless application development, mobile billing and messaging solutions, today unveils its benchmark-setting guide to mobile marketing and advertising. Aiming to cast light on the complexities of this increasingly critical communications channel, the guide provides a clear, unbiased view of the current market.

The Tanla guide aims to offer step-by-step guidance to agencies and brands about how to design, launch and manage mobile marketing campaigns. Edited by mobile marketing guru Helen Keegan and drawing on the expertise of senior figures at 02, Vodafone, Admob and Emerging Media Platforms, the Tanla Mobile Marketing and Advertising Guide identifies key areas that must be addressed for the industry to thrive. It promises to be essential reading for all marketing and mobile executives.

"2008 promises to be the year that mobile marketing truly earns its spurs but the Guide has revealed that there exists a growing knowledge gap that threatens to hold it back," explains Gautam Sabharwal, Director, Tanla Mobile. "Mobile marketing has promised much and has become a critical element in the marketing mix but the feeling persists that many companies do not yet know how to make the most out of mobile marketing possibilities. That’s why we have spent the past eight months developing this guide to provide the mobile industry with answers to the challenges and opportunities that exist."

The Guide covers every aspect of mobile's place in the marketing mix. From campaign mechanisms to common challenges, from leveraging user-generated content to exploiting mobile TV, it contains everything mobile executives need to know about this rapidly evolving market.

The Tanla Mobile Marketing and Advertising Guide will be officially launched on Monday 11th February at the Mobile World Congress. Tanla Mobile is hosting a reception, attended by leading executives from the global mobile industry, at the Lika Lounge, Passatge de Domingo."

Strides Arcolab agreement with Genepharm Australasia

Strides Arcolab Ltd on February 08, 2008 has announced that it has entered into the following transactions:

1. Strides has entered into a Heads of Agreement with Genepharm Australasia Ltd
("Genepharm") under which Strides will vend its Australian and Asian business in
exchange for the issue of shares in Genepharm, subject to approval by Genepharm
shareholders ("Genepharm Transaction").

2. Strides has acquired a relevant interest over 17.7% of the issued shares in ASX-listed
Genepharm under a share acquisition agreement with a group of Genepharm shareholders based in Cyprus that are associated with Genepharm's largest shareholder, Genepharm Asia Pacific Enterprises Ltd ("GAPE Transaction"). When added to the existing 2.1% of Genepharm shares over which Strides currently has a relevant interest, the GAPE Transaction takes Strides' total relevant interest in Genepharm issued shares to approximately 19.8%.

3. On successful completion of the Genepharm Transaction, Strides may emerge with a
shareholding of approximately 55% of the expanded capital base of Genepharm.

4. The combined regional businesses are expected to have revenues of approximately
A$100 million on closing of the Genepharm Transaction.

In a press release issued at the occasion of the announcement.

Arun Kumar, Vice Chairman and Managing Director of Strides said:

"The Strides business model is based on the philosophy of 'Leadership By Partnering'. We are delighted to have found in Genepharm the ideal partner with which to build an even stronger business across Australia and the Asian region."

"Over the last few years, Genepharm has established itself as one of the leading generic pharmaceutical companies in Australia. Its focus on serving its customers has enabled it to capture significant market share within a relatively short period of time."

"We expect that Genepharm's sales and marketing expertise will help accelerate the growth of the Australian and Asian businesses. Combined with Strides' manufacturing strength and product offering, we are confident that this will prove to be a successful partnership that will create value for the shareholders in both companies."

Background

Vending in Strides' Australian and Asian businesses

Strides' businesses in Australia and Asia are involved in the manufacture and distribution of pharmaceutical prescription and over the counter ("OTC") products across the region, with sales in Singapore, Malaysia, Thailand, Vietnam, Hong Kong and Australia. For the year ending June 30, 2008, these businesses are forecast to generate revenue of A$32.5 million and earnings before interest, tax, depreciation and amortisation ("EBITDA") of AS7.4 million. For the purpose of this transaction, these businesses are being valued at approximately A$65 million.

The businesses in Asia includes Drug Houses of Australia (Asia) Pte Ltd ("DHA"), which consists of regional sales and marketing capability as well as a manufacturing facility in Jurong, Singapore. DHA is the leading local generic pharmaceutical company in Singapore. This will become the Asian hub for Genepharm's Asian operation.

Genepharm's Australia Business

Genepharm's business in Australia is involved in the sales and distribution of a broad range of pharmaceutical and OTC products in the Australian market. Genepharm services pharmacies, hospitals, medical centres and wholesalers. It has an estimated market share of 11% in the markets in which it operates and for the financial year ended June 2007 reported revenues of A$55 million and an underlying EBITDA of A$5 million. The Company expects strong growth for the year ending June 30, 2008.

Key areas Strides is focusing on:

- Regional leadership in selected territories

- Creating value partnership models with key global pharmaceutical companies through
equity partnerships, JVs and key accounts to maximize stake holder valuation.

Rationale For The Transaction

- Strides' business model is based on the philosophy "Leadership By Partnering" and to
build strong and sustainable regional leadership in selected territories.

- Asia and Australia is a key focus market for Strides and is amongst the faster growing regions for the Company.

- Genepharm's strength as a leading Generic Company in the competitive Australian market, with strong OTC market capabilities, makes Genepharm a natural partner to grow the emerging Australasian markets and leverage its strong development pipeline.

- Recent discussions with Genepharm resulted in the opportunity for the two Companies to form a broader alliance that offers synergies and future growth opportunities and form the future basis of a strong regional partnership.

Conditions Precedent

The Genepharm Transaction is subject to a number of conditions, including finalisation of due diligence by both Genepharm and Strides and following which definitive agreements are expected to be executed during late March 2008.

Completion of the Genepharm Transaction will also be subject to a number of conditions, including Genepharm obtaining shareholder approval and obtaining an opinion from an independent expert that the transaction is fair and reasonable to non-associated shareholders. The Board of Genepharm has appointed KPMG to provide an independent expert's report in this regard. Genepharm shareholders will be asked to approve the acquisition at an Extraordinary General Meeting ("EGM") expected to be held in early May 2008.

Proposed Shareholding

A. Strides has acquired a relevant interest over 17.7% of the issued shares in Genepharm under the GAPE Transaction. When added to the existing 2.1% of Genepharm shares over which Strides currently has a relevant interest, the GAPE Transaction takes Strides' total relevant interest in Genepharm issued shares to approximately 19.8%.

B. The vending in of the Strides Asian business under the Genepharm Transaction will
result in Strides acquiring an additional 44% of the expanded capital in Genepharm.

C. On successful completion of the Genepharm Transaction, Strides may emerge with a shareholding of approximately 55% of the expanded capital base of Genepharm.

Strides Preferred Supply Agreement

Contemporaneously with completion of the Genepharm Transaction, it is proposed that the companies enter into a 5 year Strides Preferred Supply Agreement, under which Genepharm, subject to any existing Strides supply arrangements in the region, will have the first right of refusal to distribute all existing and future Strides' products (other than products for treatment of AIDS, Tuberculosis and Malaria) into Australia, New Zealand and the Asian regions, excluding Japan and China, where Genepharm will have the nonexclusive right to supply Strides' products.

Similarly, Genepharm will give Strides the first right to supply products manufactured by Strides in the region as its preferred supplier. However, if for any reason the parties do not reach an agreement on the terms for the sale and distribution of any of the Strides' products in the region, Genepharm retains flexibility to source products from alternative suppliers.

Other key elements of the regional partnership

In recognition of Strides' shareholding in Genepharm and the supply relationship between the two companies, it is proposed that Strides will nominate two non-executive directors to the Board of Genepharm. Accordingly, at the time of completion of the Genepharm Transaction, there will be six directors, comprising the two Strides nominees, the Managing Director, Dennis Bastas, together with three independent non-executive directors (including the Chairman, Torn O'Brien).

Other key terms of the Genepharm Transaction

Under the Genepharm Transaction, Genepharm and Strides have agreed to an exclusivity period until 30 April 2008, although this is subject to the fiduciary duties of the respective Boards of Genepharm and Strides.

Genepharm and Strides have also agreed to the payment of a A$500,000 break fee by the relevant party in the event that the Genepharm Transaction does not complete because of the occurrence of certain events, including the recommendation by either the Strides or the Genepharm Board of a competing proposal. No break fee is payable if the acquisition does not complete due to, amongst other things, the Directors of either Genepharm or Strides resolving not to approve execution of the relevant transaction documents, Strides not obtaining FIRB approval, or Genepharm not obtaining shareholder approval or not obtaining an opinion from an independent expert that the Genepharm Transaction is fair and reasonable.

MARG unveils plans for a new city - " MARG Swarnabhoomi"

Marg Constructions Ltd has announced that the launch of its mega infrastructure project - MARG Swarnabhoomi. Strategically located off the high growth East Coast Road, MARG Swarnabhoomi is designed as a global standard model city. Spread over more than 1000 acres, this city includes two notified Special Economic Zones for "Multi Services" and "Engineering sector including auto ancillaries". Epitomizing the name Swarnabhoomi, this new land of prosperity is projected to create an economy of us$ 1 billion over the next 5 years through a self sustaining business model. MARG Swarnabhoomi will soon emerge as a jewel in the crown for the state of Tamil Nadu.

Announcing the launch of the city, Mr. GRK Reddy, Chairman & Managing Director, said MARG Swarnabhoomi is a city with the promise of plenty, peace and prosperity. Swarnabhoomi is strategically located off ECR with a scenic ambience in the midst of large water bodies; it encompasses two notified SEZs designed as engines for economic growth and wealth creation. Designed as a global city with world class civil and social infrastructure, MARG Swarnabhoomi delivers the perfect setting for a work-life balance while promoting the walk-to-work concept”.

MARG Swarnabhoomi has been designed to international standards by world renowned architects HOK, USA. A planned city, it will offer superior civic infrastructure, ample provision for residential units, 24-hrs water supply, power supply from the state electricity grid, optic fibre telecom & broadband connectivity, sewage treatment and desalination plants. Social infrastructure will include educational institutions, wellness centres, shopping malls and a first of its kind destination mall. For sport aficionados, there would an international standard golf course, sports and water sports facilities. The spectrum of housing options would be from affordable homes to luxury villas designed to bring in inclusivity.

MARG plans to invest in excess of US $400 million in the project. The total size of the project is expected to touch US $1 billion over the next 5 years. The SEZ projects will cover 612 acres and the MARG group has purchased in excess of 1000 acres of land outside the SEZ for the wholesome development of this zone. Basic infrastructure for the SEZ projects like road connectivity, power supply, sewage treatment facility and water supply is planned to be completed by year 2009. The project is surrounded by the Cheyyur swamps and this makes the temperature about 4 degrees Celsius lower than Chennai.

The two SEZs in MARG Swarnabhoomi are notified by the Board of Approval (BOA) of Government of India and they have also received the Environmental clearances, the only Multi Services SEZ in South India, it will target global businesses in the fields of KPO Animation & Simulation Services; Market Research, Specialty Healthcare and Educational Institutions. The Engineering sector SEZ is designed to attract mainly the industries in the Auto Component & Ancillaries sector. At the launch, Mr. B G Menon, Executive Director, MARG Ltd, said Soon after the formal notification, the response from the industry and investment community has been very enthusiastic. As we forge alliances and progress, MARG Swarnabhoomi will emerge as the Gurgaon of Chennai. This mega infrastructure project will be completed in 3 phases, the first phase by December 2009, followed by Phase
2 in March 2011 and then fully by December 2013.

Located in the Latur block, Cheyyur Taluk, this project will be an engine for massive employment generation. MARG Swarnabhoomi is expected to generate employment for over 1 lakh people once the SEZs are fully developed. The Latur Block covers 41 Panchayat villages with a population of close to 80,000 people with around 50 percent of SC & ST population. MARG Swarnabhoomi would also be accessible to youth seeking employment in the neighbouring areas of Kalpakkam, Puducherry, Tindivanam, Maduranthakam, Mahabalipuram and Chengalpet.

Reaffirming the belief that growth has to be inclusive, MARG had partnered with CII in June 2007 to initiate a Grassroots Skill Development Initiative (GLSDI) project in Cheyyur Taluk, the area surrounding MARG Swarnabhoomi. This innovative project covers preemployment skill training to cover 5000 unskilled workers by 2008. The second phase of the project includes industry specific training. MARG had allocated Rs. 1 crore for this social program. This innovative skill development program targets to generate social inclusiveness and to provide socially and economically vulnerable youth an opportunity to be a part of the mainstream economy. This initiative would work towards building a movement that will meet the challenges of sustainability and of inclusive growth.

ABB gets orders from Powergrid

ABB Ltd has announced that the Company has been awarded orders worth around Rupees 330 crores (3300 MINR) to provide turnkey substation solutions and a range of power products to Powergrid Corporation of India Ltd (PGCIL) as part of their efforts to strengthen the transmission grid across the country.

ABB has been entrusted with the design, supply, erection and commissioning of a new 400/220kV GIS (Gas Insulated Substation) at Chamera in Himachal Pradesh. This project includes 400kV and 220 kV bays, power transformers, shunt reactors and the latest IEC 61850 based substation automation system. This will serve as the power-pooling substation for the Buddhil and Chamera III hydro power plant. The cutting-edge GIS technology from ABB brings significant space-saving, higher reliability and safety benefits. The 400kV and 220 kV GIS for this project, to the tune of Rupees 70 cores (700 MINR) will be supplied from ABB in Switzerland.

ABB will also be supporting PGCIL in its efforts to strengthen the western grid with new 400/220 kV substations to be set up in Pune and Solapur as well as extensions to the 400kV substations in Parli, Aurangabad and Kolhapur. ABB's scope includes design and supply of the substation, 400/220 kV power transformers and instrument transformers, a range of circuit breakers as well as PLCC equipment. ABB will also provide control and protection systems, including the latest IEC 61850 compliant substation automation based on an open systems protocol. The projects are scheduled for completion in around 24 months and part of the orders were booked at the end of 2007.

"ABB's leading-edge power technologies will be deployed in these projects to help increase availability, enhance grid reliability and improve power quality. While India strives to add much needed power capacity, it is equally important to focus on utilizing our available resources more efficiently by minimizing T&D losses and maximizing energy savings" said Biplab Majumder, Managing Director, ABB India, commenting on the success.

Pradeep Gupta picks stake in Dice India

Cyber Media India Ltd has announced that the CyberMedia group founder Mr. Pradeep Gupta has picked up the stake of Dice India Holdings, Inc. (a subsidiary of the US-headquartered Dice, Inc.) in CyberMedia Dice Careers Ltd.

CyberMedia Dice Careers Ltd, a subsidiary of publicly listed CyberMedia India Ltd, will be renamed as CyberMedia Careers Ltd with the Company and Pradeep Gupta as the key stakeholders.

The CyberMedia job portal, focused exclusively on the IT job sector, has over 680,000
registered job seekers / users. This makes CyberMedia portal the largest job portal focused exclusively on the IT jobs in the country. (As per Dataquest research estimates, India had 1.3 million IT professionals at the beginning of 2008).

The CyberMedia tech job portal achieved this number as a result of a joint offering of Dice India Holdings, Inc. and CyberMedia, South Asia's largest specialty media house. The two companies came together in October 2004 to fill in this gap.

CyberMedia Group Chairman Mr. Pradeep Gupta, said, "With this change in the ownership pattern, we would like to reward our 680,000 registered job seekers / users with several innovative services."

CyberMedia Tech Job portal aspires to offer unique services to the 680,000 registered job
seekers / users on its site to further enhance their careers in the technology domain. It will help the hiring companies to source and recruit the most qualified technology professionals.

NTPC, Bharat Forge form JV

National Thermal Power Corporation Ltd (NTPC) has informed that an MOU has been signed on February 08, 2008 between the Company and Bharat Forge Ltd (BFL) to promote a Joint Venture Company, with an equity participation of 49:51 by the Company and BFL respectively, to take up manufacture of castings, forgings, fittings and High Pressure piping required for Power and other industries, Balance of Plant (BOP) equipment for the power sector etc.

Firstsource Solutions outsourcing partnership with Barclays

Firstsource Solutions Ltd on February 08, 2008 has announced that it has signed a five-year, upto US $80 million outsourcing partnership agreement with Barclays PLC (NYSC:BCS) U.S. credit card business. Under the terms of the agreement, Firstsource will manage and operate and Barclays operations center in Colorado Springs, and provide customer care and collections support to Barclays U.S. Cardholders.

The Partnership to expected to provide Barclays with increased operational efficiency and flexibility, and help both Companies support their expanding operations in the U.S. The Firstsource's employees in Colorado Springs will continue to be focused on providing services to Barclays U.S. Cardholders.

Anand Mukerji, MD & CEO of Firstsource said, "This is an ideal partnership for Firstsource and Barclays, For Barcalys, Firstsource will apply best practices honed by years of collaboration with other major financial institutions to increase efficiency, productivity and customer satisfaction. For Firstsource, the addition of Barcalys ads another top institution to our Financial Services practice".

Firstsource currently has nearly 2,500 employees and more that a dozen operations centres in the United States and providers customized business process management solutions to leading US Companies in the Financial Services, Telecom and Healthcare industries.

Firstsource's Financial Services clients includes three of the five largest banks and six of the 10 largest credit card Companies in the United States, and one of the five largest banks in the United Kingdom. Firstsource's range of services includes credit evaluation, accounts set-up, customer services and account maintenance, dispute resolution, mortgage origination and servicing, insurance policy issuance and administration, payment processing, research and analytics.

L&T wins Rs 1107 crore order from SAIL's IISCO Steel Plant at Burnpur

Larsen & Toubro Ltd (L&T) has announced that the Company has bagged orders worth Rs 1107 crore from SAIL for the turnkey construction of Coal & Coke Handling Plant and Base Mix Preparation plant at IISCO Steel Plant, Burnpur, in West Bengal, ECC, L&T's construction division will execute this order.

The scope of work for this order include basic and detail engineering; supply, erection of mechanical, electrical and instrumentation works; complete civil & structural works including testing & commissioning of the same.

This turnkey project is to be completed in 26 months.

Mr. K V Rangaswami, President (Construction) and member board of the Company said, "L&T is a leading player in the field of Bulk Material Handling Projects, and has been active in this field for over 27 years, catering to Steel, Power, Port and Cement sector requirements. Further, L&T is well known for its track record of high quality and on-time delivery."

He further added "L&T has already signed a contract for executing the Sinter Plant Package for SAIL at IISCO Burnpur Steel Plant on a turnkey basis. With these orders L&T has emerged as the largest partner in the implementation of 2.5 mtpa modernization project at IISCO Burnpur".

Dr Reddy's Announces Collaboration with SkyePharma

Dr Reddys Laboratories Ltd on February 08, 2008 has announced that it has entered into an agreement with SkyePharma PLC (LSE: SKP) to undertake a feasibility study of a product utilizing two of SkyePharma's proprietary drug delivery systems. The costs of this study will be paid by Dr Reddy's. SkyePharma will also receive an upfront payment. If the feasibility study is successful, full development activities will begin later this year.

Uni Abex - Singing of Joint Venture Agreement with Manoir Industries, France

Uni Abex Alloy Products Ltd has informed that the Company on February 08, 2008 has executed an Agreement for Joint Venture with Manoir Industries of France in relation to the marketing and manufacture of Reformer Tubes.

Manoir Industries, France, is a manufacturing Company with a broad capability in specific sectors of Chemical, Petrochemical and Refinery markets and operates 6 foundries and 5 forging plants throughout the world. Two of these foundries — Pitres located in France and Yantai in China produce more than 6000 metric tonnes per annum of centrifugally cast tubes and statistically cast products in heat-resistant alloys, which makes Manoir Industries, the world's largest producer of these products.

In initial stage, Phase-I, JVC with marketing experience and network of Manoir will be marketing Reformer Tubes and Uni Abex Alloy Products Ltd. (Uni Abex) will be involved in the manufacturing activities with free technical assistance for Manoir (only reimbursing of expenses for their technical personnel) relating to Casting and Fabrication work for the same, for which Uni Abex will get firm orders from JVC of a minimum volume, which will be larger than the existing turnover of Uni Abex in this line of business.

In Phase-II which should commence within a period of three years, JVC will set up its own fabrication shop with advanced technology and knowhow of Manoir and purchase cast tubes from Uni Abex manufactured with technical assistance provided by Manoir.

In Phase-III after successful implementation of Phase-II resulting in reasonable profitability and positive cash flow JVC will set up a full fledged Casting facility.

The share capital of JVC will be subscribed for upto 40% by Neterwala Group of Companies including Uni Abex (20%) and Manoir Industries 60%. In order that Uni Abex does not compete with the JVC product portfolio and incidental thereto, Uni Abex will receive from the JVC the rupee equivalent of Euro 4,25,000 (Rs 2.46 crores at the present rate of exchange) in two instalments, viz, rupee equivalent of Euro 3,00,000 within a period of fiteeen days from the date of respective capital contribution in the JVC and of Euro 1,25,000, upon commencement of Phase II or on expiry of three years whichever is earlier.

Ranbaxy Labs gets approval for Esomeorazole Magnesium capsules

Ranbaxy Laboratories Ltd on February 07, 2008 has announced that the Company has received tentative approval from the U.S. Food and Drug Administration for Esomeprazole Magnesium Delayed-Release Capsules, 20 mg (base) and 40 mg (base). Nexium® (Esomeprazole) is the second largest selling drug in USA with total annual market sales of $5.5 billion (IMS — MAT: December 2007).

Ranbaxy believes that it has a FTF (First to File) status on the drug, providing it with a potential 180 days marketing exclusivity, thereby offering a significant opportunity in the future.

Esomeprazole is indicated for the short-term treatment (4 to 8 weeks) in the healing and symptomatic resolution of diagnostically confirmed erosive esophagitis, to maintain symptom resolution and healing of erosive esophagitis and for treatment of heartburn and other symptoms associated with Gastroesophageal Reflux Disease (GERD),.

Ranbaxy Pharmaceuticals Inc. (RPI) based in Jacksonville, Florida, is a wholly owned subsidiary of the Company. RPI is engaged in the sale and distribution of generic and branded prescription products in the U.S. healthcare system.

Nexium® is the registered trademark of Astra Zeneca.

Indiabulls buys Catherine from DLF

Indiabulls Real Estate Ltd has informed that Indiabulls Infrastructure Ltd ("IIL"), a subsidiary of the Company, has acquired 100% shareholding of Catherine Builders and Developers Pvt Ltd ("Catherine") from DLF Home Developers Ltd. Catherine owns 50% shareholding of Kenneth Builders & Developers Pvt Ltd ("Kenneth") which had earlier won the auction by DDA to develop a residential project on 35.8 acres of land located at Tehkhand in South Delhi. The remaining 50% shareholding of Kenneth is owned by Bridget Builders & Developers Pvt Ltd, a wholly owned subsidiary of IIL. With this acquisition, IIL now owns 100% stake in Kenneth through wholly owned subsidiaries.

NDTV - NBC deal

With reference to the earlier announcement dated January 22, 2008 wherein the Company had informed that New Delhi Television Ltd (NDTV) and an overseas subsidiary of NDTV have signed a Memorandum of Agreement ("MoA") with NBC Universal, Inc. (NBCU) and a subsidiary of NBCU in respect of the sale / issue by an overseas subsidiary of NDTV of an effective 26% stake to an affiliate of NBCU for consideration of USD 150 million. In this regard New Delhi Television Ltd (NDTV) has now informed BSE that the Board / Committee of Directors of the Company at its meeting held on February 07, 2008, has approved the seeking of approval from the shareholders of the Company for the MoA entered amongst Universal Studios International B.V, NBC Universal Inc., New Delhi Television Ltd and NDTV Networks B.V, by way of a Postal Ballot. The Board / Committee of Directors of the Company also authorized execution of any document or contract, to make such regulatory filings and to do all the necessary acts / deeds / things as the Board may, in their absolute discretion, consider to be necessary, appropriate, advantageous, advisable or otherwise desirable to give full effect to the MoA entered into.

Sterling Biotech to raise FCCBs

Sterling Biotech Ltd has informed that the Board of Directors of the Company at its meeting held on February 07, 2008, inter alia, has taken the following decisions:

1. Subject to approval of the members, the Board approved the re-appointment of Shri. Nitin J Sandesara as Managing Director of the Company.

2. Subject to approval of the members, the Board approved the Sponsored ADR, GDR, etc on underlying Indian Securities of the Company in the International Market to the extent of USD 250 Million.

3. Subject to approval of the members, the Board approved the issue of securities in the international market through fresh issue of ADR, GDR, FCCB, etc. to the extent of USD 250 Million.

4. The Extra Ordinary General Meeting of the members of the Company will be held on March 05, 2008, to pass relevant resolutions as aforesaid.

Prime Focus, Warner Brothers enter into alliance

Prime Focus Ltd has informed that Warner Bros. Motion Picture Imaging and Prime Focus have entered into a strategic alliance that will allow both Companies to expand their abilities to offer their state of the art digital post production capabilities to filmmakers on a global scale. The agreement will provide filmmakers around the world with access to the expert talents and services both companies have been providing through their state of the art facilities. It also allows both companies to manage their workflows more efficiently between Warner Bros. MPI in Burbank, and Prime Focus's facilities throughout multiple locations in India and London as well as in New York, Vancouver, Winnipeg and Los Angeles.

"As part of our global agenda of providing high end digital creative services to clients around the world, this alliance with Warner Bros allows us to extend our pipeline across continents and various verticals within our business. Warner Bros. is continuously creating content across a wide variety of mediums and on a scale that will be well served by this expanded pipeline," says Namit Malhotra, Managing Director, Prime Focus. He adds, "The strategic alliance with MPI underscores our ability to service not only Warner projects, but also all the other esteemed clients of the Company. It is indeed something that will create great value going forward for both Companies and we truly are delighted with the development of this relationship."

The two Companies will be able to move content seamlessly from facility to facility, using the most cost efficient method, which will allow them to process work in the time zone that most closely meets individual film maker's needs and schedules. It is also expected that Prime Focus' world class digital VFX capabilities will compliment and enhance the offerings and services required by the increase of local productions developed globally.

Warner Bros. Motion Picture Imaging (MPI) is a state-of-the-art post-production facility. Located on the Warner Bros. Studio lot in Burbank, MPI's services and experts are equally available and have been used by Warner Bros. films as well as those of outside clients. MPI is also a leader in the field of film preservation and restoration and has developed a unique and patented process to digitally restore classics from the vast Warner Bros. Studios film and television library as well as those of other clients. The facility has received safety certification to store and work with nitrate film stock.

Maithon Power completes thermal power project

Tata Power Company Ltd (Tata Power) has informed that the Maithon Power Ltd (MPL), a 74:26 joint venture between Tata Power and Damodar Valley Corporation (DVC) announced completion of its financing for the 1050 MW coal based thermal power project, being set up in Dhanbad District of Jharkhand State. The Project estimated at a cost of Rs 4,450 Crores is being funded on a debt-equity ratio of 70:30. The promoters namely Tata Power and DVC would bring in equity in a ratio of 74% and 26% respectively. The debt for the project is Rs 3115 Crores and is being financed by various banks led by State Bank of India (SBI).

SBI Capital Markets Ltd (SBICAP) is the sole financial advisor and arranger of debt for the project. The syndication was over subscribed by nearly Rs 1050 Crores with The State Bank of India Group taking the largest exposure to the tune of Rs 1000 Crores. The consortium of 17 Banks, led by State Bank of India include Allahabad Bank, Bank of Baroda, Canara Bank, Central Bank, Dena Bank, Indian Overseas Bank, J&K Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Tamilnadu Mercantile Bank, UCO bank and more.

Taking cognizance of the huge power deficit in the country, the promoters namely Tata Power and DVC have infused equity in excess of the upfront equity requirement as stipulated by the lenders. The promoters have allocated the funds prior to the financial closure to ensure the project is commissioned in time.

Speaking on the occasion, Mr. Prasad R Menon, Managing Director, Tata Power said, "The closure of financing for Maithon project is an important milestone. The attractive financing demonstrates the faith of the tenders in the promoters, their execution capabilities and expertise to complete the project in time. The unique terms of debt financing provides us more flexibility in the execution of the project as well as help in controlling costs."

MPL is a Joint venture Company between Tata Power and Damodar Valley Corporation and is executing 1050 (2 x 525) MW Maithon Right Bank Thermal Power Plant. MPL has obtained all major clearances & permits for the project. The site preparatory works are in progress and orders for main equipments have been placed. The project will comprise of two generating units of which the first unit of 525 MW is expected to be commissioned by October 2010, which is in time to meet the 2010 Delhi Commonwealth Games requirements. The second unit will be commissioned by March 2011. The long-term coal linkage has been allotted from the nearby Bharat Coking Coal Ltd (BCCL) mines and water allocation is from the adjacent Maithon reservoir.

MPL has also signed Power Purchase Agreements with DVC for 300 MW and is the lowest bidder for 309 MW power requirements for Distribution Licensees of Delhi. The Company has obtained open access from Power Grid Corporation of India to transmit power through their infrastructure to the power deficit Northern States.

SFM in Thiruvananthapuram.

Sun TV Network Ltd has announce the launching of FM Radio Station at Thiruvananthapuram under the brand 'S FM' from February 06, 2008 through its Subsidiary Kal Radio Ltd. This Station can be heard at 93.5 MHz frequency in Thiruvananthapuram. The programs will cater to the audience of all age groups.

With the launch of this FM Station, the total operational FM Stations of Sun TV goes
up to 22 as it already operates at Chennai, Coimbatore, Tirunelveli, Visakhapatnam,
Bangalore, Hyderabad, Jaipur, Bhubaneswar, Tirupati, Madurai, Tuticorin, Lucknow, Bhopal, Pondicherry, Kozhikode (Calicut), Indore, Vijayawada, Varanasi, Tiruchy, Rajahmundry and Kanpur.

The Company hold licenses for 45 FM Radio Stations across India, and will be one of the largest radio broadcasters in India when all the remaining 23 stations become operational.

Reliance Communications gets CDMA services approval

Reliance Communications Ltd has informed that the Ministry of Communications & Information Technology, Government of India, has granted in principle approval to Reliance Telecom Ltd (RTL), a wholly owed subsidiary of the Company, for providing CDMA services also under the existing Unified Access Service Licenses (UASL) granted to RTL for Assam and North East Service Areas.

This is in addition to existing GSM services provided by RTL. Accordingly, RTL will, in due course, offer CDMA services also in addition to its existing GSM services in Assam and North East Service Areas.

The Company along with RTL thus has Pan India Licence to provide both CDMA and GSM services.

GTL forms Strategic Alliance with Ericsson UK to address Managed Network Infrastructure Services

GTL Ltd has informed that the Company and Ericsson UK on February 05, 2008 announced a strategic alliance to Jointly address the Managed Network Infrastructure Services market in the UK.

The partnership marks Ericsson UK first ever partnership to offer Managed Network Infrastructure Services (MNIS) to Network Operators and Service Providers in the United Kingdom.

Ericsson and GTL will focus on the growing demand for the provision of highly efficient managed infrastructure services for mobile operators. Ericsson and GTL will work closely together to form a strong strategic business relationship in the marketing, rollout, and operation of managed infrastructure and related equipment. Ericsson will integrate GTL's services in the Pre Bid (RFP) stage and generate opportunities for managed infrastructure from its managed services activity in the UK market. Ericsson currently has comprehensive Managed Services contracts with tier-1 mobile operators in the UK.

Manoj Tirodkar, Chairman & Managing Director of GTL Ltd said: "A Strategic Alliance with Ericsson is a significant expansion to the existing co-operation between the two Companies. The partnership will give us an entry into the high growth Managed Network Infrastructure Services market and gives us significant leverage opportunities of our world class skill sets and expertise".

Atlanta bags order

Atlanta Ltd has informed that the Company in Joint venture with ARSS has received a contract of Rs 179.5 million in Jaipur, Rajasthan for the construction of Broad Gauge formation and minor bridges from chainage 41000 to 45000 between Dausa and Lasot in connection with Dausa - Gangapur City New Broad Gauge Line Project.

Prithvi Information bags BSNL order

Prithvi Information Solutions Ltd has informed that the Company has bagged an order of Rs 309 Crores from BSNL, supply of Transmission Equipment that helps increase network bandwidth.

Prithvi has tied up with a Chinese telecom major, Huwei Technologies Ltd to source the equipment and is customizing it for BSNL. Prithvi will also be responsible for embedding the NMS (Networking Maintenance Software), assembling, quality check, etc. along with the maintenance of the equipment for the next 5 years.

With its largest domestic order in the sector, Prithvi Info marks its entry into the domestic telecom space. The Company's order book in the telecom space stands at Rs 2030 mio as on December 31, 2007 with orders from Companies like T mobile, Singular of Rs 1830 mio in US.

With its forte in RF engineering space, the Company stands to expand its service offering with the BSNL order, which will enable the Company to bid for software solutions projects in the Indian telecom space in the days to come.

Shakti Press bags order

Shakti Press Ltd has informed that the Company has signed a marketing alliance with Telurian Book Production Company and bagged USD 500,000 Order to be catered over a period of 6 months. The order given by Telurian is meant for Exercise Note Books (Indian) and Arabic Exercise Note Books for Dubai, Muscat and Abudhabi regions of Middle East. Also the Company has bagged from Telurian an order for 5 Million Diary Books.

Commenting on the order Mr. Raghav Sharma, Managing Director of the Company mentioned that, our export quality products are gaining market momentum and the alliance with Telurian Book Production Co, Dubai, one of the leading book production Companies in Middle East is a beginning and definitely showcases the capabilities of the Company in its quality standards.

Elecon Engineering - Award of Order

Elecon Engineering Company Ltd has informed that the Company has been awarded a prestigious order of Rs 11.00 Crores from following client for supply of Wagon Tipplers along with associated equipments.

- Client: Sichaon Electricity Power Design & Consulting Company Ltd (SEDC) Chandrapur

- Details: Supply of 2 sets Wagon Tippler alongwith associated equipments

- Value: Rs 11,00,00,000.

ICRA - MOU between IMaCS, a wholly owned subsidiary of ICRA & Dun & Bradstreet, Philippines

ICRA Ltd has informed that ICRA Management Consulting Services Ltd (IMaCS), a wholly—owned subsidiary of the Company and Dun & Bradstreet Philippines, Inc. (DBP) have signed a Memorandum of Understanding (MoU) under which IMaCS and DBP will jointly offer advisory / consulting services in the Philippines.

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

"ICRA Management Consulting Services Ltd (IMaCS) and Dun & Bradstreet Philippines, Inc., (DBP) have signed a Memorandum of Understanding (MoU) under which IMaCS and DBP will jointly offer advisory / consulting services in the Philippines.

DBP is a partnership between Dun and Bradstreet, Inc., a New York Stock Exchange (NYSE)-listed Company, and Filipino Stock Holders. DBP is currently engaged in providing information and insights on businesses and individuals, including Financial Analysis and Due Diligence Reports. DBP has developed technical and managerial know-how and expertise for providing research and information services in the Philippines.

IMaCS, a wholly-owned subsidiary of ICRA, is a multi-line management consulting Company with experience of having worked in over 30 countries around the globe. IMaCS offers Strategy consulting, Risk analytics, Process consulting, Development consulting, and Transaction advisory services in several verticals such as Banking & Finance, Energy, Transportation, Government, Manufacturing and Services.

The MoU between IMaCS and DBP enables both Parties to pool their expertise and jointly offer advisory / consulting services in the Philippines to banks, corporates, government organisations, investors, and multi-lateral agencies. DBP and IMaCS bring complementary strengths to the relationship, with DBP having in-depth knowledge of the Philippines, and IMaCS considerable knowledge of multiple domains and practice areas.

"We are excited at the prospect of associating with IMaCS and extending sophisticated consulting services to clients in the Philippines. Given the country's robust economic growth and the increasing global investor attention that it is eliciting, we expect strong interest for consulting services in the Philippines", said Mr. Jaime Y Ladao, President of Dun & Bradstreet, Philippines.

"IMaCS is pleased to partner with Dun & Bradstreet, Philippines, to offer management consulting services in the rapidly growing economy. Going forward, I foresee good demand for consulting services in the areas of strategy, risk analytics, and development consulting coming from the banking, infrastructure, and technology sectors in the Philippines", said Mr. Raghuttama Rao, Managing Director of IMaCS."

Zydus Cadila & Karo Bio of Sweden sign research agreement for a novel drug to treat inflammatory diseases

Cadila Healthcare Ltd has announced that the Company and Karo Bio of Sweden, a drug discovery and development Company specialising in nuclear receptors have initiated a three year strategic collaboration in the area of drug discovery and development. Both Companies will collaborate to discover and develop novel, selective glucocorticoid receptor (GR) modulators for the treatment of inflammatory diseases.

Glucocorticoids are used to treat many different inflammatory conditions such as rheumatoid arthritis, inflammatory bowels disease, psoriasis and asthma which together represent a market potential of over USD 10 bn. These powerful anti-inflammatory agents with long term use could, however, lead to the development of unwanted side effects like obesity, diabetes and osteoporosis. Thus, there is a great need for new, selective glucocorticoids devoid of one or more of these side effects.

Karo Bio will leverage its expertise in nuclear receptor drug discovery including structural biology, drug design and compound characterisation. Zydus Cadila will leverage its expertise in carrying out a focused drug discovery and development programme, starting from pre-clinical candidate selection, tiling of the Investigational New Drug Application and undertaking pre-clinical studies and human clinical trials. Both parties will equally share risk and rewards for the collaboration programme.

Speaking on the joint research programme, Mr. Pankaj R Patel, Chairman and Managing Director, Zydus Cadila said, "We are excited about this collaboration with Karo Bio. One of the key research areas of focus at our Zydus Research Centre is to develop novel GR modulators that are devoid of side effects. By combining the strengths of both, Karo Bio and Zydus Cadila, we should be able to design and develop novel molecules, which would eventually replace currently available steroids for treatment of inflammatory disorders. This joint research endeavour will help address an unmet healthcare need."

The glucocorticoid receptor mediates both the anti-inflammatory effects and the side effects. Karo Bio and Zydus Cadila have now initiated an intensive research programme aimed at discovering selectively acting glucocorticoids. The design of new selective compounds will be based on Karo Bio's detailed knowledge about structural biology aspects of ligand-receptor interactions.

Byrraju Foundation & Satyam Make Tele-medicine Available to Millions

Satyam Computer Services Ltd has announced that its global healthcare practice, working with the Byrraju Foundation, has implemented a program to provide tele-electrocardiograms (ECGs) to patients in remote areas of the country who would otherwise have no access to such care. Launched late last year, the program already covers some 3.5 million people in rural villages across India, and is delivered through the Byrraju Foundation's Ashwini Centers, local facilities that provide high-quality healthcare, education, agriculture, and job training for villagers. In the past, patients would have had to travel to a city, at great cost, to receive an ECG or imperil their health by not having one at all.

"With this capability, we're able to treat many more patients from a central location", said Dr. Arun Kumar, "and it's become much easier for village clinics to identify patients who require immediate care."

As a provider of integrated, end-to-end healthcare solutions, Satyam was able to deliver a system that effectively and affordably operates in areas with minimal communications and computing infrastructure, providing complete clinical functionality. SN lnformatics, a technology alliance member in the project, provided its software for free.

"As a non-profit organization, we are always conscious of creating self sustainable, cost-effective models," said Byrraju Foundation Lead Partner V S N Raju. "Satyam has helped us in identifying and implementing scalable and affordable technology that meets our needs."

The program, which was started on October 02, 2007, enables patients in rural villages to have an ECG conducted at a local Aswini clinic while doctors at hospitals such as Narayana Hrudayalaya (NH) in Bangalore offer immediate interpretation, as well as teleconference consultations. The first service was provided in Jinnuru Village and has since spread to 30 of the Byrraju Foundation's 32 Ashwini centers. As of late January, already 2,878 interpretations had been recorded. Of those, 576 patients were referred to a physician for further investigation and 18 required immediate medical attention.

Satyam's global healthcare practice provides telemedicine, emergency management, EHR, EMR and portal solutions to physicians, hospitals, and research facilities worldwide. Among other projects, Satyam is currently working with the Canadian government and has established the Satyam IEHR Centre Canada at Mohawk Applied Research Centre for Health Informatics to develop an Interoperable Electronic Health Records (iEHR)-Reference Implementation, which prototypes advanced data interoperability standards for the country. Satyam is also working on an EHR implementation for the National Department of Health in the Republic of South Africa. "Satyam is ahead of the curve in areas like Emergency Management Solutions and we are seeing a lot of interest in our EHRs and Telemedicine solutions, said Prasad Dindigal, VP and Global Head of Healthcare Provider at Satyam. "Our strategy is to focus on integrated healthcare by bridging the gaps that exist today, as we did with the tele-ECG, and create interoperability between systems to provide solutions that benefit the populace at large."

Suryachakra Power enters into MOU with Government of Chattisgarh

Suryachakra Power Corporation Ltd has informed that the Company has entered into MOU dt. February 01, 2008 with Government of Chattisgarh, Chattisgarh State Electricity Board for setting up of 270 MW Thermal Power Project in the state of Chattisgarh with a proposed investment of approximately Rs 1100 crores.

Deep Industries, IOC to explore development of CBM blocks

Deep Industries Ltd has informed that the Company has signed MOU (Memorandum Of Understanding) with Indian Oil Corporation Ltd for exploring the possibility of Joint Development of Two CBM Blocks & Three Marginal Gas Fields and Marketing of Gas.

Parsvnath and ITC join hands

Parsvnath Developers Ltd has announced that Parsvnath Hotels Ltd (PHL), a subsidiary of Parsvnath Developers Ltd, has signed a MoU with Fortune Park Hotels Ltd (FPHL), a wholly owned subsidiary of ITC Ltd, to manage 50 Hotels across the country in next three to five years.

PHL plans to make an Investment of approximately Rs 2500 crore in these hotel projects. The strategic tie up would have 20 five-stars, 20 four-stars and 10 three-stars & budget hotels.

Under the agreement PHL would own and develop the hotels and FPHL would manage these hotels. The hotels would run under the brand name of Fortune Select, Fortune Park, Fortune Inn and Fortune Faith. More than 4000 rooms would be constructed under these brands for different categories. Fortune Select hotels would have at least 100 rooms, Fortune Park would have 75 or more rooms & other brands would have at least 50 rooms & more.

Parsvnath is currently coming up with 17 hotel projects of which FPHL would manage seven projects in Ranchi, Lucknow, Indore, Jodhpur, Ujiain, Chandigarh Film City and Dehradun in the first phase. All of these hotels would be operational by 2010. The first among these is expected to be operational by first Quarter of 2009. Parsvnath is also developing hotels at Shirdi, Mohali, Hyderabad, Ahmedabad, Goa, Gurgaon, Cochin among others, which will be managed in management contract with other hotel chain.

The Company is planning to develop 75-100 hotels in tier-II, tier-III and all the major cities across country. For these, Parsvnath Developers is eyeing strategic locations like Delhi, Mumbai, Kolkata, Chennai, Pune, Udaipur, Jaipur, Navi Mumbai, Agra, Bangalore, Bhopal, Raipur, Jalandhar, Ludhiana, Vadodhra, Manesar, Surat, Aurangabad, Gandhinagar, Nagpur, Jaisalmer and Noida to develop hotels in near future.

ITC Welcomgroup manages more than 80 hotels under different brands in India and is termed as the biggest Hotel Ownership & Management Company. The Company has brands like ITC Luxury Collection, Shereton, Welcomhotel, Fortune Hotels and Welcom Heritage under its umbrella.

Reliance Infratel IPO coming soon

Reliance Communications Ltd has announced that the Reliance Infratel Ltd, (the "Company"), subsidiary of the Company proposes an initial public offering of 8,91,64,100 Equity Shares of Rs 5 each ("Equity Shares") for cash at a premium (the "issue") to be decided through the 100% book building process. The Issue will constitute 10.05% of the post-Issue paid-up
equity capital of the Company.

The Company has filed its Draft Red Herring Prospectus ("DRHP") with the Securities and Exchange Board of India ("SEBI"), on February 04, 2008.

At least 60% of the Issue to the public shall be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"), of which 5% shall be available for allocation to Mutual Funds only and the remaining QIB Portion shall be available for allocation to all the QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 30% of the Issue shall be available for allocation on a proportionate basis to the Retail Individual Bidders and not less than 10% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders, subject to valid Bids being received at or above the Issue Price.

The Company is part of the Reliance Anil Dhirubhai Ambani group and its business is to build, own and operate telecommunication towers and related assets at designated sites and to provide these passive telecommunication infrastructure assets on a shared basis to wireless service providers and other communications service providers under long-term contracts.

These customers use the space on the Company's telecommunication towers to install their active communication-related equipment to operate their wireless communications networks.

The Issue proceeds are proposed to be utilized to finance the development of passive infrastructure sites and for general corporate purposes.

The Equity Shares of the Company are proposed to be listed on the Bombay Stock Exchange Ltd ("BSE") and the National Stock Exchange of India Ltd ("NSE").

JM Financial Consultants Pvt Ltd, J.P. Morgan India Pvt Ltd, ABN AMRO Securities (India) Pvt Ltd, Deutsche Equities India Pvt Ltd, Enam Securities Pvt Ltd, ICICI Securities Ltd, Lehman Brothers Securities Pvt Ltd, Macquire India Advisory Services Pvt Ltd and UBS Securities India Pvt Ltd are acting as the Book Running Lead Managers to the Issue whilst HSBC Securities and Capital Markets (India) Pvt Ltd, Kotak Mahindra Capital Company Ltd and SBI Capital Markets Ltd, are acting as Co-Book Running Lead Managers Amarchand & Mangaldas & Suresh A Shroff & Co. is advising the Company whilst Linklaters Allen & Gledhill Pte Ltd and Khaitan & Co are advising the BRLMs and CBRLMs in relation to the Issue.

Grey Market - EMAAR MGF, Cords Cable, KNR Constructions, J Kumar Infraprojects, Shriram EPC, Bang Overseas, Onmobile Global, Tulsi Extrusions

Reliance Power 450 150 to 160


Emaar MGF 540 to 630 45 to 50


J. Kumar Infraprojects 110 Discount


Cords Cable Ind. 135 5 to 8


KNR Construction 170 Discount


Onmobile Global 440 20 to 25


Bang Overseas 207 20 to 25


Shriram EPC 290 to 330 Discount


IRB Infrastructure Developers 185 to 220 70 to 75


Wockhardt Hospital 225 to 260 Discount


Manjushree Extrusion 45 2 to 3


Tulsi Extrusions 80 to 85 9 to 11


SVEC Construction 85 to 95 8 to 10

Span Diagnostics gets order from United Nations

Span Diagnostics Ltd has informed that the Company has emerged as a successful bidder and has received a prestigious order from United Nations Office for Project Services, acting as procurement agent to and on behalf of Government of India; for supply of HIV (Rapid) Kits. The aggregate amount of order is Rs 6.27 crores plus applicable taxes and duties.

The delivery schedule ranges from within 90 days from the date of supply to 450 days.

GMR Infrastructure acquires TrackJet

GMR Infrastructure Ltd has informed that Delhi International Airport Pvt Ltd (DIAL), a subsidiary of the Company, has acquired state of the art runway de-rubberizing equipment, called the TrackJet. This ultra modern equipment utilises a revolutionary hi-pressure water jet technology to clean up rubber deposits on the runway's surface.

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

"In an effort to improve runway maintenance and pave the way for smoother landings, Delhi International Airport (P) Ltd has acquired state the art runway dc-rubberizing equipment. Called the TrackJet, this ultra modern equipment utilises a revolutionary hi-pressure water jet technology to clean up rubber deposits on the runway's surface.

Rubber deposits form due to the friction created between the wheels of a landing aircraft and the runway's surface. This phenomenon is commonly seen as the puff of white smoke which is emitted when an aircraft's wheels touch the ground. Rubber deposits accumulated over a period of time tend to reduce the grip available to an aircraft during landings. Hence to ensure the highest safety levels, these deposits are removed periodically.

Cleaning with TrackJet technology provides optimum level of friction as stipulated by the International Civil Aviation Organisation (ICAO). Traditional cleaning methods are slow and involve intensive manual labour, while achieving only moderate results. TrackJet technology can remove rubber deposits at the rate of 800 sq. m. per hour with the help of just one operator. Traditional methods also carried the risk of damaging the runway's risk. However, the high pressure water jet technology causes no damage to the runway service and can increase the life span of the runway.

IGI Airport is the first airport in India to implement this technology. DIAL's sister concern, GHIAL, which will operate the soon to open Rajiv Gandhi International Airport in Shamshabad, Hyderabad has also procured this equipment.

DIAL is committed to providing the best service standards to its customers. To ensure, it is investing in the latest technology and equipment at the existing and upcoming terminals. For the construction of the new Passenger Terminal and Runway, DIAL has employed some of the best equipment available in the world today.

8 Vibratory Soil Compactors with 18 tons capacity have been exclusively imported from Germany for this project. These are being used for embankments and stabilizing the base soil of the runway. These machines are equipped with the latest microprocessor technology for best results. In addition, 10 Electronic Sensor Payers built by Vogele of Germany have been pressed into service for laying the surface of the runway. These machines can lay surface of 200 mm thickness at the rate of 60 m per hour. Two 240 m3 per hour batching plants, among the biggest in Asia, for producing ready-mix concrete have been set up at the site. The total facility can produce more than 1000 m3 of ready-mix per hour and is based on German technology. DIAL has also set up mammoth 'Steel Fabrication Centre' has been set-up with a capacity of 8,000 tons per month.

DIAL is committed to providing world class facilities to passengers at the Delhi Airport and also ensuring top-notch safety standards in operations. Various training sessions to upgrade the skills of staff in all departments are being conducted to ensure high level of service standards. On a regular basis, DIAL and AAI employees from various departments have been on training sessions to some of leading airports across to world in order to study their best practices and also understand passenger requirements."

Walchandnagar Industries split and bonus record date

Walchandnagar Industries Ltd has informed that March 03, 2008 has been fixed as the Record Date for the purpose of the Sub-division of Equity Share of face value Rs 10/- each into 5 Equity Shares of Rs 2/- each and issue of One to One (1:1) Bonus Equity Shares.

VSNL Restores Internet Services within 24 Hours Following Egypt Submarine Cable Break

Videsh Sanchar Nigam Ltd (VSNL) on February 01, 2008 has confirmed that the Company restored a majority of its IP connectivity into the MENA region within 24 hours of the Egypt cable breakdown on Thursday.

On January 30, 2008, the SEA-ME-WE 4 and other undersea cables were severed off the coast of Alexandria, Egypt. These cables serve as the principal Internet connections between the Middle East and westward on to Europe and North America. They also connect the Indian subcontinent and South East Asia. The impact of the cut cables resulted in degraded Internet service to and from the Middle East. VSNL has an Internet backbone that circles the world allowing both eastward and westward connectivity from all regions, a major differentiator among carriers. This allows VSNL to leverage its ownership in a vast array of diverse undersea and terrestrial cables assets.

"VSNL is proud of the team effort that united the Company's network and operations teams across three continents to execute an ambitious recovery plan in 24 hours," said Radwan Mousalli, Managing Director - MENA, VSNL. "Our cable layout and design allowed us to survive a double cable failure as well as develop enough capacity eastward across the Pacific for the internet to reach North America and Europe."

Although many other carriers in the region lost service completely, VSNL was able to restore majority of their Middle East customers traffic utilizing the SEA-ME-WE 3, SEA-ME-WE 4 eastbound and TIC cable following the cut. Unlike other carriers, VSNL's global undersea presence and strength of technical expertise allowed the Company to continue service through multiple cable systems. Many enterprises chose to buy from cable operators who have capacity on a number of systems because protection is nearly guaranteed and if necessary, restoration is achieved quicker.

In the case of India too services were largely restored within 24 hours of the cable cut by diverting traffic through the TIC and SEA-ME-WE 3 cables.

Siemens Bonus Issue record date

Siemens Ltd has informed that March 03, 2008 has been fixed as the Record Date for determining the entitlement of the Members of the Company for the purpose of issue and allotment of Bonus Shares in the ratio of 1:1 (i.e. one Bonus Share for every share held).

Tulsyan NEC, Power Trading Corporation to develop Power Plant

Tulsyan NEC Ltd has informed that the Company have been entered into a Memorandum of Understanding (MOU) with Power Trading Corporation for developing a Power Plant having generating capacity of 125 MW. The proposed plant is planned to be set up in the State of Tamil Nadu.

Glenmark settlement with Merck

Glenmark Pharmaceuticals Ltd (GPL) has announced that the Company’s wholly owned subsidiary Glenmark Pharmaceuticals SA, Switzerland has reached a mutual amicable settlement with Merck Serono (a division of Merck KGaA) for termination of agreement on GRC 8200.

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

"Glenmark Pharmaceuticals S.A. (Switzerland), a wholly owned subsidiary of Glenmark Pharmaceuticals Ltd (GPL) and Merck Serono, a division of Merck KGaA, have reached a mutually amicable settlement to terminate their on-going agreement on GRC 8200. Under these terms, Glenmark would get the global rights back from Merck Serono for Glenmark's DPPIV inhibitor Melogliptin, GRC 8200, a treatment for Type 2 diabetes in Phase II of clinical development.

This follows Merck Serono's recently announced decision to re-focus its portfolio and its intention not to invest further into diabetes research and development. Under the terms of this settlement, Merck Serono will be responsible for successful transfer of all activities at no cost to Glenmark. Apart from payments by Merck Serono to Glenmark for completion of some on-going activities, no payments or refunds would be due from either party to the other the termination of the agreement.

Glenmark will continue to run the on-going clinical and non-clinical development of GRC
8200 and expects the top-line results from Phase IIB studies to be available towards the end of FY09.

According to Mr. Glenn Saldanha, MD and CEO, GPL, "It is unfortunate to end our relationship with Merck Serono for GRC 8200 since they have contributed a lot of expertise in the development during the last year. However, the data package so far is very promising and we are confident of finding a co-development partner to take the molecule further during the course of the calendar year 2008."

Alok Industries Q3FY08 Results

Alok Industries Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a profit after tax of Rs 488.00 million for the quarter ended December 31, 2007 as compared to Rs 370.60 million for the quarter ended December 31, 2006. Total Income has increased from Rs 4831.50 million for the quarter ended December 31, 2006 to Rs 5596.50 million for the quarter ended December 31, 2007.

Moser Baer Q3FY08 Results

Moser Baer India Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a net loss of Rs 204.50 million for the quarter ended December 31, 2007 as compared to net profit of Rs 376.24 million for the quarter ended December 31, 2006. Total Income has increased from Rs 5150.25 million for the quarter ended December 31, 2006 to Rs 5348.58 million for the quarter ended December 31, 2007.

Purvankara Projects Q3FY08 Results

Puravankara Projects Ltd has announced the following Audited results for the quarter ended December 31, 2007:

The Company has posted a profit after tax of Rs 565.033 million for the quarter ended December 31, 2007 as compared to Rs 223.882 million for the quarter ended December 31, 2006. Total Revenues has increased from Rs 843.477 million for the quarter ended December 31, 2006 to Rs 1505.249 million for the quarter ended December 31, 2007.

The Consolidated results are as follows:

The Group has posted a profit after tax of Rs 631.151 million for the quarter ended December 31, 2007 as compared to Rs 284.364 million for the quarter ended December 31, 2006. Total Revenues has increased from Rs 843.477 million for the quarter ended December 31, 2006 to Rs 1505.249 million for the quarter ended December 31, 2007.

Punj Lloyd Q3FY08 Results

Punj Lloyd Ltd has announced the following Un-Audited results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 391.60 million for the quarter ended December 31, 2007 as compared to Rs 190.30 million for the quarter ended December 31, 2006. Total Income has increased from Rs 6694.10 million for the quarter ended December 31, 2006 to Rs 12582.00 million for the quarter ended December 31, 2007.

The Consolidated results are as follows:

The Group has posted a profit after minority interest and share of profits of associates of Rs 917.20 million for the quarter ended December 31, 2007 as compared to Rs 482.80 million for the quarter ended December 31, 2006. Total Income has increased from Rs 14635.00 million for the quarter ended December 31, 2006 to Rs 21629.30 million for the quarter ended December 31, 2007.