Hindustan Construction Company

Hindustan Construction Company Ltd has informed that Alpine-Samsung-HCC JV i.e. Alpine Mayreder Bau GMBH (ALPINE) — Samsung Corporation (SAMSUNG) and the Company has been awarded a contract for Design and Construction of Two Underground Stations and Tunnel between New Delhi Station and Talkatora Garden, from Delhi Metro Rail Corporation
Lid, New Delhi.

The value of the contract is Rs 693.61 Crore plus Euros 1.457 Crore. The total value of the contract in INR is Rs 774.64 Crore. The Company's share in the total value of the contract is 33% i.e. Rs 255.63 Crore.

Tricom India

Tricom India Ltd has announced that the Company has signed an MOU to acquire Assets of the US based 'Apex Document Solutions' a full service provider of litigation support services for legal practitioners. The Company has announced the acquisition of Apex Document Solutions for $ 2 million which has been funded through internal accruals and finance from the Banks / Institutions.

The Company expects to enter into a definitive agreement in the next two weeks. The acquisition enables the Company to enhance the value chain in the Litigation Support Vertical by offering a full suite of both on-site and offshore engagement models and widen its market presence. While leveraging the network of Apex, the Company gains a distinctive advantage of local presence to reach out to the Law firms in the US, paving for greater business potential.

Chetan Kothari, Managing Director of the Company, said "The acquisition will augment the Company's current sales setup in the US with the newly acquired On-site Processing and support facility eliminating the distance and data confidentiality barriers." Mr. Kothari further added "This would provide a perfect platform to expand our service portfolio in other business domains paving way for earning higher revenues."

VSNL

Videsh Sanchar Nigam Ltd (VSNL), on September 24, 2007 has announced that JANET(UK), provider of JANET (the United Kingdom's national network for research and education), has selected VSNL Telecommunications UK Ltd to supply high bandwidth global Internet access for its wide range of education and research institutions across the UK.

JANET connects the UK's universities, FE Colleges, Research Councils, Specialist Colleges and Adult and Community Learning providers to each other, as well as to the rest of the world through links to the global internet. The Company will be providing an aggregate capacity of 40 Gbps via four OC192 ports from two diverse locations in London as part of a multiple year agreement.

"We are very pleased that JANET(UK) has selected VSNL to support the growing Internet needs of the education and research community in the UK," said Genius Wong, Vice President, Wholesale IP. "VSNL's global IP backbone is engineered for scalability and designed to minimize latency and increase network availability and security to ensure an unmatched service quality for our customers. Service providers and Multi-National Corporations with global Internet requirements can supply their users with seamless connectivity and sustained performance, with data taking the most direct route on the Internet."

Tim Kidd, Head of Operations, JANET(UK) commented, "We chose VSNL for its ability to offer truly global IP services, supported by one of the largest high performance IP networks in the world. The increased capacity allows JANET to immediately scale to support increased levels of traffic, ensuring that the education and research community can communicate effectively, with the highest quality Internet experience available in the market."

The VSNL global IP network touts 700 Gbps of high-speed OC-192/STM-64 IP Backbone Capacity throughout North America, Europe, Middle East, South Africa and Asia. It offers "land, sea & sky" Internet connectivity to customers spanning across 5 continents and over 195 countries, carrying more than 380 petabits of traffic globally per month.

With more than 80 global PoPs around the world, the VSNL's Tier-IP network is linked to the our industry-leading India Internet backbone with 120 PoPs covering all states and major cities. Port speed is available up to 10 Gbit/s with flexible billing options including fixed, burstable or initial ramp-up bandwidth commitments.

Micro Technologies

Micro Technologies India Ltd has informed that the Company has come with an Understanding with Lazer Technology Solutions granting rights for the distribution of its selected security products in the Middle East and Egypt. It has been observed that there are fluctuations in the exchange rates but these fluctuations would not lay an impact in the net revenue of the Company and on the contrary this arrangement is expected to bring added benefit to the Company even during the current scenario.

Micro Products are already growing rapidly across India. The Company has started up with the distribution in Egypt and has received an overwhelming response in the Middle East. The Company being ranked No 2 in the recently concluded GITEX Technology Week where roughly 3,300 exhibitors from 82 countries spread out over 64,000 square meters of floorspace participate In itself speaks the success story of the Company in the Middle-East. Gitex 2007 is held in Dubai from the 8th to 12th, of September every year and is the Middle East's largest and most popular technology exhibition.

The safety and security products industry In Egypt is growing steadily and is governed by the Ministry of Interior, Government of Egypt. The Egyptian Government is looking for specialized Companies working in the field of security and other related business to become acquainted with the most up-to-date security technology available and the Company is well positioned to get into the market with its high-end technology.

The Company is a Leading provider of the much-needed range of security devices, life support systems and web-based software solutions to the global audience. The Company over the period of years have incepted some of the high-end security products, which address areas of concern right from mobile security to automobile security & Monitoring Systems. The Company got into the domain of security much before security was considered to be a major market and need was perceived. The Company products are globally recognized through its innovation, perfection and quality.

Lazer Technology Solutions has been a leading provider of IT solutions and services in several key domains. Its state-of-the-art software, technology and dedicated development team enable users to accomplish complex-tasks in web centric environment with relative ease with the aim of maximizing their business performance by providing seamless access to data. The focus is to provide an in-depth coverage of the customer's business requirements. They possess a strong world-class Infrastructural background with development centers in USA, India, UAE and sales offices around the world. Lazer Technology Solutions focused, strategic agenda crafts an environment where creative ideas flow and conversations generated informed and intelligent decisions

Subex Azure

Subex Azure Ltd has announced that it has registered 10 new wins in the Asia Pacific (APAC) region, over a period of 12 months from September 2006 to September 2007. The combined value of business has run into several millions of dollars, considerably strengthening the Company's position in the region.

The new customers include leading telecom service providers in countries like Australia, China, India, Indonesia, Japan, Taiwan, Thailand and Vietnam reflecting the Company's Asia-Pacific reach. The customer wins have come for Company's Revenue Assurance System, Moneta and Fraud Management System, Nikira which are part of the Rocware Revenue Maximization solution (RMS) suite, as well as Syndesis Controller, Syndesis Express and Syndesis TrueSource from the Fulfillment and Assurance Solution (FAS) suite, signifying the strengthening of the FAS business since the Syndesis acquisition.

Sudeesh Yezhuvath, COO of the Company said, "APAC is turning into a strong revenue driver for us. Our robust product line-up and support offerings, along with our proven business model equipped to meet local market requirements, have contributed to this growth."

Company's existing presence and credibility in the market as well as different engagement models, like managed services and managed projects have significantly contributed to this momentum.

Vinod Kumar, President, Revenue Maximization Solution Business Unit of the Company added, "The APAC region is a fast growing market with a CAGR of 15%. Our managed services and sourcing capabilities have put us in a favourable position to strengthen our presence in this region."

Pritish Nandy Communications

Pritish Nandy Communications Ltd (PNC) has announced the commencement of the principal photography of their new film titled Ugly Aur Pagli, directed by Sachin Khot and starring Mallika Sherawat and Ranvir Shorey, among others.

Ugly Aur Pagli is a romantic comedy in the genre Pyaar Ke Side Effects, PNC's very
successful and critically acclaimed film last year with Mallika Sherawat and Rahul Bose, which explored the funny side of the man-woman relationship in today's commitment
phobic times.

The music for Ugly Aur Pagli is by Anu Malik and is, in many ways, entirely different from his earlier work. It is innovative, exciting, new and sets the mood for this charming take of romance between this not exactly perfect young man and a girl who refuses to live out her romance in predictable terms.

The film is aiming for a late winter release.

IVRCL Infrastructures & Projects

IVRCL Infrastructures & Projects Ltd has announced the Pune Region of the Company has bagged the following works of an aggregate value of Rs 394.24 Crores as detailed hereunder:

- Building Division

1. Name of the work: "Construction of 3 Nos. of Towers at Rajiv Gandhi Infotech Park, Hinjewadi, Phase-II, Pune, Maharashtra with 13 Floors (1B+4P+9 floors) with a built-up area of approximately 30.88 lacs square feet" awarded by DLF Akruti Info Parks (Pune) Ltd

Value of the Work (Rs in Crores): 180.00

2. Name of the work: "Construction of Sea-Woods Estate Phase-II, Part-II Housing in Sectors 54, 56 & 58 (Part) at Nerul, Navi Mumbai consisting of a built up area of 3.87 lacs square of awarded by City and Industrial Development Corporation of Maharashtra Ltd.

Value of the Work (Rs in Crores): 85.07

3. Name of the work: "Design, Construction, Commissioning, Operation and Maintenance Clear Water Sump and Pumping Station at Near WTP, BS-1 and BS-2, Package, No. IND/WS/09" awarded by Indore Municipal Corporation, Indore.

Value of the Work (Rs in Crores): 67.79

- Power Division

4. Name of the Work:

(i) Laying of Transmission / Distribution Lines of a) 400 KV of 5 Km b) 132 KV D/C of 64.80 Km c) 33KV of 165 Km and d) 11 KV of 63 Km aggregating to 297.80 Km

(ii) Replacement and Reconductoring of 33 KV and 11 KV lines of 349 Km

(iii) Erection of 10 sub-stations and augmentation of 3.15 MVA sub-stations to 5.00 MVA sub-stations (10 nos) with supply of Transformers and associated work

awarded by Maharashtra State Electricity Transmission Company Ltd. (MAHATRANSCO) and Maharashtra State Electricity Distribution Company Ltd (MAHAVITARAN).

Value of the Work (Rs in Crores): 61.38

IKF Technologies

IKF Technologies Ltd has informed that the Shareholders at the Annual General Meeting (AGM) of the Company held on September 20, 2007, inter alia, have considered and approved the following business:

1. Adopted the audited Balance Sheet as at March 31, 2007 and Profit & Loss Account for the year ended on that date with Auditors and Directors Reports thereon.

2. Declared the final dividend @ 5% on Equity Shares of Re 1 each for the year ended March 31, 2007.

3. Re-appointment of Mr. Pradeep Kumar and Mr. R P Singh as Directors of the Company.

4. Re-appointment of M/s. Agarwal Vishwanath & Associates as Statutory Auditors of the Company for Financial Year 2007-08.

5. Appointment of Mr. Gajanand Gupta, as Director of the Company liable to retire by rotation.

6. Accorded the approval for delisting of securities of the Company from The Hyderabad Stock Exchange Ltd but did not approve the delisting from Calcutta Stock Exchange Association Ltd.

7. Approved the further issue of INR 1000 Crores (subject to a limit of INR 500 Crores from the International Market) subject to the provision of the Memorandum and Articles of Association of the Company, section 81(1A) of the Companies Act, 1956, guidelines issued by the Securities & Exchange Board of India (SEBI) and other applicable provisions, if any, by way of public issue, right issue, preferential issue, private placement, euro issue, foreign issue, Global Depository Receipts (GDR), American Depository Receipts (ADR), Foreign Currency Convertible Bonds (FCCB), reservation on competitive basis, reservation on firm allotment basis or a combination thereof in the domestic and international market(s) and also to seek the listing of such securities in any one or more of the International / National Stock Exchanges.

8 & 9. Authorised and empowered the Board pursuant to Section 293(1)(d) of the Companies Act, 1956, to borrow from time to time any sum or sums of money not exceeding INR 500 crores from one or more bank, financial institution Central or State Government body corporate , firms or any other person and for this purpose mortgage, hypothecate, pledge or charge all present or future movable or immovable properties of the Company and whole of undertaking of the Company.

10. Approved in make an investment under Section 372A of the Companies Act, 1956 upto an amount not exceeding INR 100 Crores through direct subscription or market purchase or off market negotiated deals the funds of the Company in excess of 60% of the Paid up Capital and Free Reserves of the Company or 100% of the free reserves of the Company, whichever is more, in the shares and / or any other securities of any subsidiary, Special Purpose Vehicle, Joint Venture Company and / or Body Corporate of the Company.

11. Considered and approved the issue and allotment of 3,00,00,000 warrants @ Rs 12/- each with an entitlement to convert into / exchange with the equal number of Equity Shares of the Company in one or more tranches at the option of the warrant holders within a period of 18 months from the date of issue of such convertible warrants, subject to the provisions of Section 81(1A) of the Companies Act, 1956, the Memorandum and Articles of Association of the Company, the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000, the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, Listing Agreement and guidelines issued by the Reserve Bank of India or other competent authorities in this behalf and other applicable provisions, if any. The warrants are being issued to the Non Promoters Group.

Riddhi Siddhi Gluco Biols

Riddhi Siddhi Gluco Biols Ltd has informed that the Company has increased the maize grinding capacity of its Viramgam Unit from 100 tonnes per day to 250 tonnes per day. This unit, being closer to major ports in Gujarat, would focus on exports apart from serving its domestic clients. Total maize processing capacity of the Company would increase to 5 lakh tpa with its Uttaranchal unit which is expected to be commissioned shortly.

Rajesh Exports

Rajesh Exports Ltd has informed that Sharmila Tagore one of the most successful names in the Hindi film industry has consented to be the brand ambassador of the Company.

Sharmila Tagore, who currently heads the Indian Film Censor Board, and who is the UNICEF Goodwill Ambassador will endorse the products of the Company for the Indian retail market.

Mrs. Sharmila Tagore is known for her grace, choice of perfection and quality of her public life which are also the values of the Company in terms of quality, perfection and pricing.

The legendary actress has excelled in whatever she has done and has numerous awards for her performances, the Company has excelled in whatever it has done and has won numerous awards for its business performance.

Mr. Rajesh Mehta, Chairman of the Company said, "The quality of our products and commitment to excellence and perfection would be reflected by the most gracious woman of India. REL is honoured to have a personality like Mrs. Sharmila Tagore as its brand
ambassador."

GMR Infrastructure

GMR Infrastructure Ltd has informed that Delhi International Airport (P) Ltd. (DIAL), a subsidiary of the Company has won the highly prestigious "e-Asia 2007 Award" on "Implementation of e- Commerce / Electronic Data Interchange in Air Cargo Sector" at an international convention held in Bangkok, Thailand. The award was given by Asia Pacific Council for Trade Facilitation & Electronic Business (AFACT).

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

"The Cargo operations of Delhi International Airport (P) Ltd (DIAL) has won a highly prestigious "e-Asia 2007 Award" on "Implementation of e- Commerce / Electronic Data interchange in Air Cargo Sector" at an international convention held in Bangkok, Thailand. The award was given by Asia Pacific Council for Trade Facilitation & Electronic Business (AFACT). Over 30 contestants from 18 different countries had made presentations on their e-operations and DIAL's entity, was adjudged "Best" by the Evaluation Committee of AFACT.

Implementation of the Electronic Commerce / Electronic Data Interchange is one of the thrust areas of the Govt. of India under Export Promotion Board (EPS) and is coordinated by Ministry of Commerce. This results in paperless e-transactions as per international standards. The said project was initiated by AAI at four metro Indian airports and steered by a core team of DIAL officials for IGI Airport.

After implementation of the project, all concerned agencies connected with Export & Import cargo like Cargo Agents, Customs, Airlines and the Warehouse Operator at the airports are able to exchange relevant data and minimise human Intervention except for the physical delivery of cargo. With this, the Agencies are able to file papers with Customs, book consignments with Airlines and make payments to Warehouse Operator from the comforts of their workplace, electronically. The e-system will help Freight Forwarders send consignments and commercial information to Airlines, Customs and to Warehouse Operator at Indian airports prior to landing of the aircraft so that they are ready to take delivery within shortest possible time. Such implementation has made the transactions, seamless, instant and paperless to a great extent.

Earlier this year, Delhi International Airport Ltd (DIAL) has been awarded the prestigious ISO 9001:2000 quality certificate for the International Cargo Terminal of the Indira Gandhi International Airport. The certificate, awarded by the Lloyd's Register is recognition of the efforts put in by DIAL to improve customer service, quality control and efficiency. DIAL achieved this landmark after a short span of seven months from taking over charge of the IGI Airport.

The air cargo terminal spread over 27 acres of land manages and operates a common user infrastructure facility for storage and processing of international air cargo. With the help of semi-mechanized integrated facilities, the terminal undertakes secured and efficient Export, Import and trans-shipment cargo functions. It provides a single window clearance for export and import cargo, with a view to facilitate expeditious processing and custom clearance of International Cargo.

Air Cargo Traffic is growing rapidly in India. Currently, Delhi Airport handles more than 0.4 million tonnes of cargo per annum. This figure is expected to grow to 2.0 million tonnes by 2025. DIAL is aiming to modernize Delhi Airport to help cater to the growing passenger and cargo traffic.

DIAL has also started work on the integrated passenger terminal and runway and the new terminal Would be inaugurated in 2010 before the Commonwealth Games. Prior to that in 2008, a brand new Code F compliant runway and domestic terminal will be ready to cater to the growing traffic. With the new terminals and runway, Delhi Airport will be able to cater to 37 million passengers per annum (mppa) and handle 75 aircraft movements per hour. The Master Plan envisages an ultimate design capacity of 100 million passengers per annum by 2026."

SMS Pharmaceuticals

SMS Pharmaceuticals Ltd has informed that the Board of the Company has decided to take over and revive a BIFR Company M/s. Plant Organics Ltd with whom the Company already have job work arrangement. This will add to the Company's product range and manufacturing facility along with substantial tax benefits. The plant is situated very close to the Company's existing Manufacturing Facilities.

Gujarat State Petronet - GSPL

Gujarat State Petronet Ltd has informed that the shareholders at the 9th Annual General Meeting (AGM) of the Company held on September 21, 2007, inter alia, have accorded to the following:

1. Adoption of Audited Profit and Loss Account of the Company for the financial year ended March 31, 2007 and Audited Balance Sheet as on that date and Report of Auditors' and Directors' thereon along with the Report of Comptroller and Auditor General of India.

2. Declaration of Dividend for the financial year ended 2006-07 @ 5% (i.e. 0.50 Paise per share) on 54,29,04,518 shares of the Company.

3. Re-appointment of Mr. H K Dash, IAS & Mr. N J Jhaveri, IAS as directors of the Company.

4. Fixing the remuneration of statutory auditors of the company for the financial year 2007-08.

5. Appointment of Mr. D Rajagopalan, IAS as Chairman cum Director of the Company, liable to retire by rotation.

6. Appointment of Mr. V L Joshi, IAS, Mr. Tapan Ray, IAS & Mr. N Venkiteswaran, as Directors of the Company, liable to retire by rotation.

7. Preferential Issue up to 22,000,000 equity shares to International Finance Corporation (IFC), Washington DC, on preferential basis, at a price of Rs 57.29/- per equity share.

8. Amendment in Article of Association.

9. Ratified and Approved Pre-IPO ESOP Scheme 2005 of the Company.

10. Increase in Borrowing Limit of the Company u/s 293(1)(d) of the Companies Act 1956.

Hinduja TMT

Hinduja TMT Ltd has informed that the Board of Directors of the Company have approved the participation of the Company into Medicare and Medicare related Real Estate business.

RNRL

With reference to the news item appearing in a leading web-portal titled "RNRL files for city gas distribution in Mumbai, Delhi, Noida & Gurgaon:, Reliance Natural Resources Ltd (RNRL) has clarified that the Company's affiliate Company, Reliance Fuel Resources Ltd has submitted an application to the Ministry of Petroleum and Natural Gas for setting up city gas distribution project in Mumbai, Delhi and National Capital Region areas.

Mascon Global

Mascon Global Ltd has informed that the members at the 16th Annual General Meeting (AGM) of the Company held on September 22, 2007, inter alia, have accorded to the following:

1. Adoption of Audited Annual Accounts for the financial year ended March 31, 2007.

2. Re-appointment of retiring Directors, Mr. R. Gowri Shanker, Dr. Nandu Thondavadi & Mr. Shiv Kumar Jatia.

3. Re-appointment of Statutory Auditors — G. Balu Associates, Chartered Accountants, Chennai.

4. Approval for Investment limit u/s 372A(1) of the Companies Act, 1956 for a sum not exceeding Rs 9000 Million.

5. Approval for increasing the Authorized capital of the Company from Rs 360,00,00,000 to Rs 450,00,00,000.

6. Approval for Employees Stock Option Scheme (ESOS) for the employees of the Company, its Subsidiary Companies and to the Non-Executive Directors of the Company.

7. Approval for increasing the remuneration of Mr. Chandra, Executive Chairman & CEO.

8. Approval for Issue of Securities by way of GDR / ADR / FCCB to the extent of US $ 150 Million. (The said resolution has already been approved by the members in the AGM held on September 28, 2006. As a good corporate practice, it is recommended that the entire resolution covering even the public issue of securities of any nature as described in the resolution be approved by the members in their meeting.)

Ansal Properties & Infrastructure

Ansal Properties & Infrastructure Ltd has informed that the members at the 40th Annual General Meeting (AGM) of the Company held on September 22, 2007, inter alia, have accorded to the following:

1. Annual Accounts for the year ended March 31, 20O7 together with the consolidated Financial Statement of the Company have been adopted.

2. Confirmed the Interim Dividend @ 15% already declared & paid and declared final dividend @ 10% on the Paid-up Equity Shares Capital.

3. Re-appointed Shri. D N Davar, Shri. Rahul C Kirloskar & Shri. P R Khanna, as Directors, liable to retire by rotation.

4. Re-appointed M/s. Khanna & Annadhanam, Chartered Accountants, as Statutory Auditors of the Company.

5. Approved and gave authorization for Issue of securities on public issue / rights / qualified institutions placement basis / any other basis up to Rs 5000 crores.

6. Approved and gave authorization for increasing the limit of 24% for holding by registered FII through Portfolio Investment Scheme up to Sectoral Cap / Statutory ceilings.

7. Approved the increase in the Authorised Share Capital of the Company from Rs 110 crores to Rs 150 crores.

8. Approved and authorized Board for creation of charge etc. in terms of Section 293{1}{a} of the Companies Act, 1956, for borrowing upto enhanced limit of Rs 3000 Crores.

9. Approved and authorised Board for borrowing in terms of Section 293(1)(d) of the Companies Act, 1956 upto enhanced limit of Rs 3000 crores.

10. Approved the increase in remuneration of Mr. Anil Kumar, Whole Time Director & CEO and revised his grade.

Cubex Tubings

Cubex Tubings Ltd has informed that the Board of Directors of the Company at its meeting held on September 22, 2007, inter alia, has decided the following:

1. Convert 11,70,000 Share warrants in to 11,70,000 Equity shares of Rs 10/- each at a Premium of Rs 38/- per share allotted to the Promoters & the persons other than Promoters.

2. Mr. Vinod Chand Bothra, Director of the Company submitted his resignation to the Board and the Board of Directors accepted the resignation and placed appreciation for the services during the tenure.

Tata Teleservices Maharashtra - TTML

Tata Teleservices Maharashtra Ltd has informed that the Finance Committee of the Board of Directors of the Company has approved the issue and allotment of an aggregate of 32,006,385 Equity Shares of Rs 10/- each to the investor/s who have exercised their right to convert FCCBs of US$ 17,650,000 held by them into Equity Shares. The Equity Shares have been issued and allotted at a premium of Rs 14.49 per Equity Share (i.e., at a Issue Price of Rs 24.49 per share) in accordance with the terms of the FCCB Issue. Previously the conversion price was Rs 24.96 per share according the terms of the issue, it got adjusted to Rs 24.49 per share after the rights issue of shares of the Company in January 2007. The deemed date of allotment of the Equity Shares is September 21, 2007.

It may not be out of place to mention that out of the total FCCBs of US$125 million issued by the Company in June 2004, FCCBs aggregating US$ 82.06 million have so far been converted into 14,66,41,796 equity shares (including this 14th Tranche) of the Company.

Tata Group holding stands marginally reduced to 67.56% as a consequence of the above-referred allotment.

Shree Cement

Shree Cement Ltd has informed that the Company has won the prestigious "Golden Peacock Award for excellence in Corporate Governance-2007" in recognition of its best Corporate
Governance practices.

Reliance Industries

Reliance Industries Ltd (RIL) has announced an oil discovery in the deepwater block KG-DWN-98/l (KG-D4) located in the Krishna Basin. This is the first time an oil discovery has been made in the Krishna deep-water basin. This deep-water block was awarded to RIL under first round of NELP bidding. RIL holds 100% participating interest in this block, which spans over an area of 8100 sq kms.

The oil find in this exploration block marks a new beginning in this basin. The well was located in a depth of 565 meters and was drilled to a target depth of 3595 meters. The well encountered elastic reservoir with gross oil column of more than 20 meters in the Mesozoic section. During the Drill Stem Testing (DST), the well flowed 596 barrels of oil per day. This discovery namely 'Dhirubhai - 36' has been notified to Government of India and Directorate General of Hydrocarbons.

Encouraged by successes in the Godavari and Cauvery deeper Mesozoic plays, Reliance continued its exploration effort in Krishna offshore. This oil discovery comes after nearly two decades of exploration history with, more than 30 exploratory wells drilled by various operators in this geologically complex basin. The potential commercial interest of the discovery is being ascertained through integration of additional data and analysis.

Prakash Industries

Prakash Industries Ltd has informed that the members at the 26th Annual General Meeting (AGM) of the Company held on September 05, 2007, inter alia, have authorised the Board of Directors of the Company to offer, issue and allot in one or more tranches and upon such terms and conditions and in such manner as may be deemed appropriate by the Board, not more than 12135990 Warrants at a price of Rs 68 per warrant with an option to subscribe to one Equity Share of Rs 10 each per warrant (i.e. at a premium of Rs 58 per share) to Barclays Capital Mauritius Ltd or its nominee(s) by way of preferential allotment.

Peninsula Land

Peninsula Land Ltd has informed that subject to the approval of the members of the Company and applicable statutory approvals, the Board of Directors of the Company at its meeting held on September 21, 2007, has approved the issue upto 6,00,00,000 equity shares of Rs 2/- each (Face Value to the Company's share sub-divided from Rs 10/- each to Rs 2/- each as per the resolution passed by the shareholders at the Annual General Meeting held on September 21, 2007) to Domestic / Foreign Investors / Institutional Investors / Foreign Institutional Investors / Qualified Institutional Buyers, etc. through a public issue / Qualified Institutional Placement and / or any other means as may be permitted by the applicable regulations.

Bhagyanagar India

Bhagyanagar India Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on October 13, 2007, inter alia, to transact the following special business:

1. To create, offer, issue, allot and de-liver in one or more trenches on a preferential basis to M/s. Foster Capital Ventures Ltd, M/s. Trimurthi Advisory Services Pvt Ltd and M/s. Bhagyanagar Ventures Ltd not exceeding 1,15,00,000 warrants, each warrant convertible into one equity share of the Company at the option of Warrant holder, at a face value of Rs 2/- each, for cash, which upon conversion shall rank pari passu in all respects with the existing equity shares of the Company, in such form and manner and upon such terms and conditions as the Board may in its absolute discretion deem fit, at a price of Rs 44/- per warrant, the price whereof is determined on the basis of the valuation report as prepared by M/s. Shekhar & Co. Statutory Auditors in accordance with the provisions of Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines, 2000, subject to necessary provisions and approvals.

Kojam Fininvest, Gujarat Glass

Gujarat Glass Ltd has informed that October 06, 2007 has been fixed as the Record Date for the purpose of Scheme of Arrangement and Amalgamation ("the Scheme") of Kojam Fininvest Ltd ("KFL") with Gujarat Glass Ltd ("GGL") and their respective shareholders.

Accordingly, 93,17,000 equity shares of Gujarat Glass Ltd held by KFL shall stand cancelled pursuant to the Scheme and 1 equity shares of Rs 10/- each of Gujarat Glass Ltd will be issued to the shareholders of KFL for every 1 equity share of KFL held by them as on the Record Date.

Bombay Burmah Trading Corporation

Bombay Burmah Trading Corporation Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the Auditors of the Company have made the following observations:

"1. The Company has restated foreign currency loans as on June 30, 2007, as against Balance Sheet Date in line with the Accounting Standard 11 'The Effects of changes in Foreign Exchange Rates' issued by the Institute of Chartered Accountants of India and the impact on net profit is favorable by Rs 389.26 lacs.

2. The Company has treated exchange gain on restatement of foreign currency loan and expenditure incurred on voluntary retirement scheme (VRS) as extraordinary items. In Auditors opinion these ought to have been considered for arriving at Profit from Ordinary Activities.

3. The Company has charged off Rs 417 lacs being 1/3rd of the total amount paid as VRS. The total VRS will be charged over 3 years in equal annual installments. Had the same been charged on pro rata basis, charge for the quarter would have been Rs 104.25 lacs.

4. Provision for leave encashment is made on estimated basis considering the actuarial valuation carried out as at the end of the previous financial year. Provision for short term compensated absences in terms of Accounting Standard -15 (Revised) would be made at the year-end. The impact of this adjustment has not been ascertained."

IOL Broadband

IOL Broadband Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the Auditors of the Company have made the following observations:

1. Non-recognition of Foreign exchange gain / loss as required by AS 11 - "The effect of changes in Foreign Exchange Rates".

2. Non-recognition of Deferred Tax (Assets / Liability) as required by AS 22 - "Accounting for Taxes on Income".

3. Non-recognition of employee benefits as required by revised AS-15 "Employees' Benefits".

4. The variances in with published un-audited financial results :

Particulars: Operational Cost (including opening stock & purchases)
Published Figures: 21.62 lacs
Limited Review figures: 155.08 lacs

Particulars: Administration & General Cost
Published Figures: 54.91 lacs
Limited Review figures: 91.72 lacs

Particulars: Depreciation
Published Figures: 30.05 lacs
Limited Review figures: 41.98 lacs

Particulars: Fringe Benefit Tax
Published Figures: 2.50 lacs
Limited Review figures: 4.39 lacs

Particulars: Earning Per Share (Basic & Diluted)
Published Figures: 0.04 lacs
Limited Review figures: (0.07) lacs"

United Phosphorus

United Phosphorus Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on October 11, 2007, inter alia, to transact the following:

1. Increase the Authorised Share Capital of the Company from Rs 200,00,00,000/- divided into 27,50,00,000 equity shares of Rs 2/- each, 1,40,00,000 Preference Share of Rs 100/- each & 50,00,000 Preference Shares of Rs 10/- each to Rs 300,00,00,000/- dividend into 77,50,00,000 equity shares of Rs 2/- each and 50,00,000 Preference Share of Rs 10/- each & consequential amendments in the Memorandum & Articles of Association of the Company.

2. Authority to the Board of Directors of the Company to borrow any sum or sums of money from time to time, with or without security and on such terms & conditions as they may think fit notwithstanding that the money already borrowed by the Company (apart from temporary loans obtained from the Company's bankers in the ordinary course of business) may 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, provided, however, that the total amount so borrowed by the Board of Directors shall not exceed the sun of Rs 10,000/- crores.

3. To approve the revised remuneration payable to Mr. Vikram R Shroff, Executive Director.

4. To create, offer, issue & allot warrants, entitling the warrant holder(s) from time to time to apply for equity shares of the Company, in one or more tranches, to promoter / promoter group whether or not they are members of the Company, on preferential placement basis through offer letter and / or circular and / or information memorandum and / or private placement memorandum and / or such other documents / writings, in such manner and on such terms & conditions as may be determined by the Board in its absolute discretion, provided that the aggregate numbers of resultant equity shares of the Company to be issued against such warrants shall not exceed 3,11,70,000 fully equity shares of the face value of Rs 2/- each (subject to necessary provisions and approvals) at a price not less than higher of:

a. The average of the weekly high and low of the closing prices of the Company's shares quoted on the stock exchange (National Stock Exchange of India Ltd) during the six months preceding the relevant date.

b. The average of the weekly high and low of the closing prices of the Company's shares quoted on a stock exchange (National Stock Exchange of India Ltd) during the six months preceding the relevant date.

'relevant date' for this purpose being September 10, 2007.

5. To create, offer, issue & allot in one or more tranches, equity shares or such other permissible instruments convertible into equity share at the option of the Company or of the holders of the instrument in accordance with Clause 13A.5.1 of Chapter XIII-A, at a price not less than higher of :

a. The average of the weekly high and low of the closing prices of the Company's shares quoted on the stock exchange (National Stock Exchange of India Ltd) during the six months preceding the 'relevant date'.

b. The average of the weekly high and low of the closing prices of the Company's shares quoted on a stock exchange (National Stock Exchange of India Ltd) during the two weeks preceding the 'relevant date'.

'relevant date' for this purpose being September 10, 2007.

being the minimum price specified as per Clause 13A.3.1 of Chapter XIII-A of SEBI Guidelines, giving the holder the right to subscribe to equity shares on Private Placement Basis or under Qualified Institutional Placement to QIB's as permitted under Chapter XIII-A of the SEBI (Disclosure and Investor Protection) (DIP) Guidelines, 2000 through prospectus / placement document / Foreign Investors / FIIs , NRIs, Body Corporate, Companies, Mutual Funds, Financial Institutions, Banks, Insurance Companies, Pension Funds etc., whether they are existing shareholders of the Company or not (collectively referred to as the investors and combination thereof) / Global Depository Receipts (GDRs), Foreign Currency Convertible Bonds (FCCBs) or a combination thereof and / or instruments convertible into equity share optionally or otherwise ("Securities") for an aggregate sum up to US $ 500 million or equivalent in Indian and / or any other currency(ies) directly in the course of domestic and / or international offering to Non-resident Investors (whether or not such investors are members, promoters, directors of the Company) through Private Placement(s), at such time or times in one or more tranches, at such price or prices which will be determined in accordance with the relevant applicable guidelines / provisions specified that behalf including at a discount or premium to market price or prices in such manner or such terms & condition as may be decided subject to the applicable statutory rules & regulation and in consultation with the Merchant Bankers, Lead Managers, Underwriters, Advisors and as may be deemed appropriate and approved by the Board of the Company at the time of such offer / issue / allotment of securities so as to enable the Company to get listed at any stock exchanges in India and / or International / Overseas Stock Exchange(s) wherever applicable & necessary, subject to necessary provisions & approvals.

Dagger Forst Tools

Dagger Forst Tools Ltd has informed that a meeting of Issue Committee of the Board of Directors of the Company was held on September 21, 2007 to take on record the Basis of Allotment. The Committee than made the Allotment of Equity Shares to the successful applicants in the following manner:

1. 33,21,053 equity shares of Face Value of Rs 10/- each at a premium of Rs 23/- per share (i.e. at a price of Rs 33/- per share) aggregating to Rs 10,95,94,749/- were allotted to the existing shareholders under the Rights Issue.

2. 35,31,150 equity shares of Face Value of Rs 10/- each, at a premium of Rs 35/- per share (i.e. at a price Rs 45/- per share) aggregating to Rs 15,89,01,750/- were allotted to the General Public (including Retail, High Net-worth and Corporate applicants).

3. 4,00,000 equity shares of Face Value of Rs 10/- each, at a premium of Rs 35/- per share (i.e. at a price Rs 45/- per share) aggregating of Rs 1,80,00,000/- were allotted to the Promoters as stated in the Prospectus dated July 23, 2007.

Jet Airways India

Jet Airways India Ltd has informed that Jet Airways' Frequent Flyer programme - Jet Privilege in its constant endeavor to offer enhanced opportunities to earn and redeem JP miles, has now partnered with the world's leading publications TIME and FORTUNE magazines.

With this, members can earn Jet Privilege (JPMiles) only when they subscribe online either through the Company's website or through the website of TIME www.time.com/jetairways

Similarly, members can earn JPMiles by subscribing online either through the Company's website or through the website of FORTUNE magazine www.fortune.com/jetairways

Members can earn up to 1000 JPMiles for a 3 years subscription on these magazines.

Jet Privilege programme chose to partner with these two premium publications TIME and FORTUNE, keeping in mind its member profile and the preference of these two brands amongst its membership base.

TIME is the world’s leading newsweekly and is trusted by millions of readers for its insightful and reliable reporting on world politics, business, finance, technology, education and more.

FORTUNE keeps readers abreast of the latest management thinking, changing technology at workplace, benefit from the experience across a diverse range of industries and gain valuable investment advice to increase one's wealth

Maxwell Industries

Maxwell Industries Ltd has informed that the Company has made application to the Hon'ble High Court of Bombay for the merger of Lovable Lingerie Pvt Ltd and Microtex
India Ltd with the Company w.e.f. October 01, 2005 & April 01, 2006 respectively.

As the merger is pending with the Hon'ble High Court of Bombay, the accounts of the
Company could not be finalised. The Company has thus applied to the Registrar of
Companies, Maharashtra on September 18, 2007 for the extension of time for holding its
ensuing Seventeenth Annual General Meeting for the Financial Year ended March 31, 2007, upto December 30, 2007.

Please note that the last Annual General Meeting of the Company for the Financial Year ended on March 31, 2006 was held on September 25, 2006.

Biocon

Biocon Ltd has announced that the Company has presented the results of Phase 1 studies on its oral insulin product, IN-105 at the European Association for Study of Diabetes (EASD) meeting held at Amsterdam on September 21, 2007. Phase 1 studies were conducted on healthy volunteers who have been administered IN-105 in the form of a tablet. The human clinical data on IN-105 was presented at the session on Novel therapies. Based on these promising results, the Company intends to now develop this molecule through further clinical trials.

IN-105 is a novel analog of insulin, proprietary to the Company. The product has special properties that make it feasible for delivery in tablet form stable at room temperature. The advantages of tablet delivery go beyond the obvious. Besides being a needle-free insulin, this method of delivery allows IN-105 to be delivered into the body in a physiological manner that mimics the way that the pancreas release insulin into the circulation (i.e. into the portal vein). This contrasts with all the other known methods of delivery, including inhaled insulin, which brings in insulin from the periphery into the circulation.

Ms. Kiran Mazumdar Shaw, CMD, of the Company said, "This is indeed an encouraging step towards our efforts of bringing an oral insulin to diabetic patients across the world. IN-105 promises to be a significant value differentiator in Biocon's quest for global leadership in the insulin segment."

The Company has carried put all of the development for this molecule, including clinical development at its facilities in Bangalore, India. It has also recently obtained approval from the Swedish medical authorities to carry out Phase 1 human clamp studies for this molecule in Sweden. This will be the first such clinical trial outside of India for IN-105. The Swedish trial will be carried out at the Karolinska Institute clinical research unit and will be focused on obtaining more pharmacological understanding of the mode of action of IN-105.

Vikas WSP

Vikas WSP Ltd has informed that the Company has planned to establish following plants:

1. Plant at Bikaner - Exclusively for organic products:

Company has planned to establish a plant at Khara, RIICO, Bikaner to produce certified ORGANIC PRODUCTS viz.. Guar Gum Polymers, Psyllium Husk / Powder and other organic products. The plant is expected to put on stream in FY 2009-10 and would entail a capital investment as under:-

- Land, Building & plant & machinery : Rs 200 Cr

- Financing the farmers to grow organic : Rs 160 Cr
crops like Guar, Psyllium and other
organic crops on 6.20 Lakh hectares.

2. Guar derivative plant at GIDC Savli, Baroda:

Company has planned to establish guar derivative plant to produce Hydroxypropylguar, Carboxymethylhydroxypropylguar and cationic guar to be used for fracturing of oil and gas wells and also for personnel care market. The plant is expected to put on stream in 2010-11 and would entail a capital investment as under:-

- Land 7.5 Acres (already purchased) : Nil

- Building & Plant & Machinery : Rs 375 Cr

Total of 1 + 2 = Rs 735 Cr

Planned funding arrangement -

The funding of these plants will be discussed in ensuing Board of Directors meeting.

3. Projected turnover of the Company is mentioned below:

On the basis of implementation of above plants, Company has made its discreet projections as under:-

a. During the FY 2007-08 (Current Year) : Rs 325 Cr

b. During the FY 2008-09 : Rs 435 Cr

c. During the FY 2009-10 : Rs 850 Cr

d. During the FY 2010-11 : Rs 1225 Cr.

Control Print

With reference to the news item appearing in a leading financial daily titled "Surges on talk of capital gain" stating "Company is on the verge of securing over Rs 25/- Crore from Videojet as one-time settlement for termination of its distribution arrangement", Control Print India Ltd has clarified that the Company has not accepted any amount from Videojet and shall continue to be Coding and Marking Solution Provider as already stated.

As regard to news "The Company is planning to develop its 1.5 acres in Mumbai for commercial purpose" the Company does not comment on speculative media reports.

The Company keeps on evaluating growth and diversification opportunities. The Company shall intimate the Stock Exchange, shareholders and Media about any material development in the business of the Company.

Suzlon Energy

Suzlon Energy Ltd has informed that the Company on September 21, 2007 has launched and priced a proposed Foreign Currency Convertible Bonds ("FCCBs") issuance for an amount of US$ 200 million. Credit Suisse (Hong Kong) Ltd acted as the Sole Bookrunner to the transaction.

The FCCBs, which have a maturity of 5 years and 1 day, are convertible at a conversion price of Rs 1,859.40 per share (as adjusted from time to time), which is at a premium of 30% over the 5 day volume weighted average price (VWAP) of Rs 1,430.31 on the NSE on September 20, 2007. The FCCBs are zero coupon bonds with a yield to maturity of 7.55%, calculated on a semi-annual basis, at the end of 5 years and 1 day if not converted into shares during the period.

The FCCBs are expected to be listed on the Singapore Exchange Securities Trading Ltd.

i-flex Solutions

i-flex Solutions Ltd, on September 21, 2007 has announced that independent technology and research company, Forrester Research Inc., has recognized i-flex as a "Deal Leader" and an "undisputed heavyweight in the global banking platform arena" in the August 2007 report Global Banking Platform Deals 2006: Vendors.

The Company signed the highest number of banking platform deals (48 out of 242 surveyed in the report) among a select group of 14 vendors of globally deployed banking platforms that Forrester surveyed for the report. Forrester categorized survey participants into five distinct groups based on global sales success, global reach, and the homogeneity of their product portfolios. The groups in descending order are Deal leaders, Global challengers, Global pursuers, Rising players and Base players.

"This is a reflection of the value that our solutions portfolio provides our customers worldwide. We are acutely aware of the changing dynamics of the market place and the pressure that banks are under to increase customer intimacy and competitive differentiation, reduce costs and address the complexity of regulations. Our solutions are targeted towards helping banks address these challenges and mitigate risks," said N R K Raman, Managing Director and CEO of the Company.

Jai Corp

Jai Corp Ltd has informed BSE that with effect from September 20, 2007, Urban Infrastructure Venture Capital Pvt Ltd and Urban Infrastructure Trustee Pvt Ltd have become wholly- owned subsidiaries of the Company on account of the Company acquiring shares in these Companies.

HCL Technologies

HCL Technologies Ltd has announced that in an August 2007 report by Forrester Research, Inc., an independent research firm, HCL Technologies Infrastructure Services Division (HCL ISO), has been cited as a 'Leader' in Forrester Wave European Remote Infrastructure Management, Q3 2007.

The Report evaluated the Company's capability in this space vis-à-vis 13 players including 3 Indian service providers and 7 global IT giants. "The Indian provider has a modest number of delivery and support centers but has a strong processes based on ITIL and a clear vision and road map for service enhancement." This positions the Company as a promising Company In RIM and highest ranked Indian Offshore firm in this market," the Report said. 'HCL Is best suited for infrastructure management with special care." The report also noted that "HCL is a good fit for buyers that require a partnership environment and want structured infrastructure transformation."

The Company received the highest score (5) on criteria such as consolidation and virtualization, service management, management tools, visions and productivity investments and partnerships. Overall the report rated the companies based on a comprehensive set of 37 evaluation criteria grouped under three main categories, namely, Current Offering, Strategy and Market Presence.

Commenting on the findings of this latest report, Anant Gupta, COO, HCL Infrastructure Services Division, said, "HCL ISD continues to enjoy a phenomenal success of its RIM services in Europe which is clearly evident from this independent Report also which puts us in the same league as the global IT giants who have beer) mapping this continent since a far longer time than us. Last year we recorded an impressive 120% growth in Europe and continued to add to our European client list. Today we boast of 25 clients in Western Europe with at least 1 Global 2000 engagement in six of the nine western European countries validating adoption of the business model and comfort of co-sourcing in an outsourcing conservative market. We also opened a new multi-lingual global delivery centre in Krakow, Poland to further boost our delivery capabilities in the region. HCL ISD is known in the Industry for its position as a thought leader in RIM and we are committed to providing our transformational value proposition to companies across Europe who are looking for transparency, flexibility and sustainable value - adds from their IMS vendors."

The Company is widely acknowledged as a pioneer and a leader in Remote Infrastructure Management. The Company was ranked No.1 'Specialty Offshore Infrastructure Services Provider' by Neo and 'Managing Offshore' magazine and has also been ranked as the World No.2 in IT Infrastructure Services by Global Services 100 Survey. Today it boasts of 145 global clients including 40+ Fortune / Global companies who are subscribing to its RIM services delivered from eight locations in India, two in Europe, and one in Asia Pacific.

ICRA - ICRA Online launches ICRA Mpower

ICRA Ltd has informed that ICRA Online Ltd, a wholly-owned subsidiary of ICRA Ltd is announcing the launch of ICRA Mpower, a web-based platform for mutual fund distributors and financial advisors, which provides all the tools required for making the distribution business more effective and efficient. A cost effective solution for setting up the business, ICRA Mpower offers mutual fund distributors a gamut of financial tools to cater for both the pre- and post-investment requirements of clients, thereby paving the path for distributors to build enduring relationships with clients on the strength of quality service and appropriate advice.

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

"ICRA Online Ltd, a wholly-owned subsidiary of credit rating major ICRA Ltd (an Associate of Moody's Investors Service Inc.), on September 21, 2007 announced the launch of ICRA Mpower, a web-based platform for mutual fund distributors and financial advisors, which provides all the tools required for making the distribution business more effective and efficient. A cost effective solution for setting up the business, ICRA Mpower offers mutual fund distributors a gamut of financial tools to cater for both the pre- and post-investment requirements of clients, thereby paving the path for distributors to build enduring relationships with clients on the strength of quality service and appropriate advice.

Speaking on the occasion, Mr. P K Choudhury, Vice-Chairman & Group CEO, ICRA said, "The wealth management industry in India has been growing at a very rapid pace. The stupendous growth in the stock markets over the last couple of years has generated a lot of interest in mutual funds among retail participants. With more and more investors investing in mutual funds, the number of mutual fund distributors has also increased sharply. We see ICRA Mpower as a facilitator for mutual fund distributors."

A web-based solution, ICRA Mpower provides mutual fund distributors with:

- A decision support system by way of research reports, fund performance analysis etc. to help distributors provide recommendations based on scientific analysis

- Financial planning and asset allocation tools to help invest in a portfolio that best suits the investor

- A versatile CRM tool to track a client's portfolio and generate exhaustive reports on portfolio performance

- A back office solution that offers ease and convenience by allowing import of all clients' transactions directly from the Registrar's files, computation of brokerage, reconciliation of the same with the entitlements, and generation of various important reports on AUM, profitability, individual clients, etc.

"As a distributor, one needs to produce high quality research reports, guide the investor through a proper financial plan and provide regular service by way of periodic portfolio performance and valuation reports. Over and above this, a distributor also needs to manage his back office operations well to plug leakage of income and generate critical MIS. To set up the entire operation, a distributor needs to invest a substantial amount of time and resources in building the infrastructure, and putting in place the right technology and right people. Needless to add, the whole thing calls for a heavy investment, which is generally out of reach of a small financial advisor. ICRA Mpower will provide mutual fund distributors a complete end-to-end solution at a very nominal cost," Mr. Choudhury added.

ICRA Mpower is being offered by ICRA Online, an independent and credible organisation providing information services and software solutions to the financial services community. The effective combination of high quality data, technical expertise and efficient support, differentiates ICRA Online from its competitors. Currently, the Company serves over 250 clients in the country, including major Mutual Funds, Banks, Financial Institutions, Third Party Products Distributors, Investment Advisors, Stock Brokers, Portfolio Managers, Treasury Managers and Academic Institutions. The Company has developed various innovative products to satisfy the varied needs of its audience, and these have found a high level of acceptance.

ICRA Online's earlier products like MFI Explorer, a mutual fund research and analysis product that has been subscribed to by major mutual funds, distributors and multinational banks, has been the market leader in the country. The Company's website MutualFundsIndia.com has also been rated among the best 150 sites in the world by Forbes.

ICRA Online provides customised solutions after a systematic and careful analysis of the business requirements of its clients. The participation of ICRA Ltd reinforces ICRA Online's quality standards and provides further reassurance on the high level of professional and ethical standards followed in providing services to clients. Besides, ICRA's participation allows ICRA Online to leverage the knowledge base of the rating agency in conducting research and assessing market requirements."

Pyramid Saimira

Pyramid Saimira Theatre Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 24, 2007, to consider certain proposals in connection with acquisition of Theatre Chains abroad.

ICRA Ltd

ICRA Ltd has informed that ICRA Ltd (ICRA) and Dena Bank have signed a Memorandum of Understanding (MoU) under which ICRA will assign ratings to the Bank's loans and its other exposures under the standardized approach of RBI's New Capital Adequacy Framework for Basel-II and also to Small Scale Industries (SSIs) and Small and Medium Enterprises (SMEs).

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

"ICRA Ltd (ICRA) and Dena Bank have signed a Memorandum of Understanding (MOU) under which ICRA will assign ratings to the Bank's loans and its other exposures under the standardized approach of RBI's New Capital Adequacy Framework for Basel-II and also to Small Scale Industries (SSIs) and Small and Medium Enterprises (SMEs).

ICRA's ratings for the standardized approach would be carried out under its "Line of Credit" rating service and would enable Dena Bank to assign the new risk weights applicable to its borrowers under Basel-II. The risk weights would be linked to the various rating categories and would be as per RBI's above guideline.

The SSI ratings will be carried out under the National Small Industries Corporation - ICRA (NSIC - ICRA) Performance and Credit Rating Scheme for SSIs. The SME ratings on the other hand will be assigned under the ICRA-SME Rating Scale.

To assist potential and existing borrowers of Dena Bank in obtaining ratings, ICRA is offering special terms to the clients of Dena Bank covered by the MoU.

The MoU between ICRA and Dena Bank seeks to deliver a number of benefits to the Dena Bank as well its clients. For Dena Bank, ICRA's Line of Credit ratings would assist in implementing RBI's New Capital Adequacy Framework under Basel-II."

Ras Propack Lamipack

Ras Propack Lamipack Ltd (RPL) has informed about the progress made towards the revival of the Company by Essel Propack Ltd (EPL).

Pending approval of the Revival Scheme filed with the Board for Industrial and Financial Reconstruction (BIFR) by the Company along with EPL as Co-promoters, RPL has commenced operations under a Job Conversion Agreement with EPL.

Centurion Bank of Punjab

Centurion Bank of Punjab Ltd has informed that the Bid Closing Date pursuant to the proposed placement of equity shares of the Bank under Chapter XIII-A of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 (the "SEBI Guidelines") (the "Issue") is September 20, 2007.

Further the Bank has informed that, the Bank will issue 122,699,000 equity shares of Re 1/- each at an Issue Price of Rs 40.75 per equity share aggregating to an Issue size of Rs 499.99 Crores. The Issue Price is above the floor price of Rs 40.34 per share calculated in accordance with clause XIII-A.3 of the SEBI Guidelines.

Kotak Mahindra Capital, Deutsche Equities India Pvt Ltd and SSKI Corporate Finance Pvt Ltd acted as the Global Joint Coordinators for this Issue.

Bharat Electronics

Bharat Electronics Ltd has informed that the shareholders at the 53rd Annual General Meeting (AGM) of the Company held on September 20, 2007, inter alia, have declared payment of 140% Final Dividend on the paid up equity capital of the Company (Dividend @ Rs 14/- per share). Further the Company has informed that, the Company has fixed October 17, 2007 as the due date of Final Dividend for the year 2006-07.

Tezpore Tea

Tezpore Tea Company Ltd has informed BSE that the Company has entered into a Memorandum of Understanding (MOU) with M/s. Dalmia Tea Plantation & Industries Ltd for sale of one of the Company's Tea Estate, namely Merryview Tea Estate.

Grey Market - Power Grid, Saamya Biotech, Supreme Infra, Consolidated Construction

Power Grid Corporation 44 to 52 20 to 21

Dhanus Tech. 280 to 295 100 to 110

Koutons Retail 370 to 415 95 to 100

Consolidated Construction 460 to 510 210 to 220

Supreme Infra 95 to 108 55 to 60

Saamya Biotech (I) Ltd. 10 3.5 to 4

Circuit Systems (India) Ltd. 35 3 to 4

Kaveri Seeds 150 to 170 6 to 8

Ashapura Minechem

Ashapura Minechem Ltd has informed that the members at the 26th Annual General Meeting (AGM) of the Company held on September 18, 2007, inter alia, have accorded to the Board of Directors of the Company ("The Board"), for capitalization of 78,742,826 standing to the credit of the General Reserve and / or Securities Premium Account of the Company, as may be considered necessary by the Board, for the purpose of issue of 39,371,413 Bonus Shares of Rs 2/- each, credited as fully paid up to those holders of the existing Equity Shares of the Company, whose names appear in the Register of Members, on such date as may be decided by the Board in this regard, in the proportion of 1 Equity Share for every 1 existing Equity Share held by them as on the said date and that the Bonus Shares so issued and allotted be treated for all purposes as an increase of the nominal amount of the Equity Capital of the Company held by each such member / person and not as income.

Resolved Further that pursuant to SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, and the Company's Employee Stock Option Scheme (ESOS), the consent of the members of the Company be and is hereby also accorded to the Board of Directors to further capitalize a sum not exceeding Rs 12,75,524/- standing to the credit of General Reserve and / or Securities Premium account of the Company for issue of maximum of 637,762 Equity Shares as Bonus Shares, in the ratio of 1:1, to the Employees of the Company against the options exercised by them from time to time within the valid period of the Scheme.

Geojit Financial Services

Geojit Financial Services Ltd has informed that the Company has entered into an agreement with Bank of Bahrain and Kuwait for providing investment services to NRIs.

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

Geojit Financial Services Ltd has announced a tie-up with Bank of Bahrain and Kuwait, one of the leading banks in the middle east. Under this arrangement, BBK will be provided with trained manpower and investment assistance with expertise in Indian Stock Market.

The Agreement brings together two major players in the stock brokerage market for providing a facility for dealing in Indian Capital Market in Bahrain and Kuwait.

BBK is engaged in the business of providing banking services, having a well-established investment division offering investing and brokerage services to its wide client base. Currently Bank's Non Resident Indian customers are offered services related to investments into Indian stock market by NRI Marketing Teams in Bahrain and Kuwait with the support off NRI desks at BBK Hyderabad and Mumbai Branches. With the new understanding, the NRI Banking Desk at Bahrain will be strengthened with additional staff trained by the Company, which will enhance the quality of service to NRIs who need expertise service in buying / selling in the Indian stock markets. The presence of such knowledgeable staff at NRI desk would add value to the customer service and improve customer reach.

The Company is one of the leading players in Indian brokerage business. Present in the Middle East for more than six years, the Company offers brokerage services for equities, derivatives and commodities, financial savings products (mutual funds, life insurance, programmed savings plans etc) and portfolio management services, mainly to private customers. Established in 1987, the Company is listed in India on the National Stock Exchange and the Bombay Stock Exchange. It has a network of over 400 offices, a client base of 2,50,000 unique customers and $ 1 Billion In assets under custody.

According to Mr. C J George, Managing Director of the Company, "This new endeavour is a logical extension of Geojit's investment services in the Gulf region after the establishment of Joint Venture financial services Companies in the UAE and Saudi Arabia" He added that Barjeel Geojit Securities LLC has offices in the cities of Dubai, Abu Dhabi, Sharjah and Ras Al Khaimah serving more than 30,000 NRIs. Aloula Geojit Brokerage Co in Saudi Arabia Intends to open 12 branches in the Kingdom soon"

With this exclusive agreement, the Company shall provide the required training in Indian stock market operations to persons deputed by BBK, besides providing the software required for trading in Indian stock market, research, trade and back office support.

Shri Lakshmi Cotsyn

Shri Lakshmi Cotsyn Ltd has informed that the Board of Directors of the Company at its meeting held on September 20, 2007, has considered the matter of allotment of US$ 10 million Zero percent Unsecured FCCB due 2012 (subject to over allotment option for upto US$ 5 million bonds) convertible into Equity Shares of the Company.

The Board of directors has allotted 100 Nos Zero coupon Unsecured FCCB of US$ 1,00,000/- per bond amounting to US$10 millions.

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

Shri Lakshmi Cotsyn Ltd announces the successful issuance of US$ 10,000,000 zero coupon unsecured foreign currency convertible bonds. The bonds have a maturity of 5 years and are convertible at a price of Rs 150 which represents a premium of 18% over the current market price.

Silverdale Services Ltd, London, was the sole Lead Manager for the offering and Axis Bank Ltd was the financial advisor to the issuance.

The Company has a de-risked product portfolio, it specialises in the manufacture of technical and safety textiles like fusible interlining, PU coated nylon, fire retardant fabric, bullet proof jackets, anti-infra-red, and high altitude clothing besides large capacities in shirting & suiting, and expansions into the manufacture of terry towels, home furnishing, denim, bottom-weight fabric and garments. The Company is an ISO 9001-2000 quality management system certified Company and also enjoys the status of a star export house.

The Company is led by a technocrat (Dr. MP Agarwal, a doctorate in textile costing), and has significant cost advantages, due to in-house textile auxiliary chemical plant, captive power plant and backward & forward integration. The Company has a joint venture with Armet of United Kingdom for armoring vehicles to provide 360° protection - a first of its kind in India. The JV is expected to leverage on existing business synergies and serve as a key impetus for long-term growth.

The net sales of the Company for the period ended March 2007 was Rs 3.78 billion (CAGR of 30% in the last three years) with EBIDTA and PAT margins of 14.15% and 6.97% respectively.

Dr. M P Agarwal, Chairman and Managing Director of the Company said: "We are delighted with the response of global investors to our issuance. They have appreciated the intrinsic cost advantages, technological prowess and tremendous growth opportunities".

ESAB India

Esab India Ltd has informed that the Company has acquired 2,00,000 equity shares in ESAB Welding & Cutting systems Ltd, the Company Subsidiary, constituting 14.29% of the share capital of the said subsidiary. Consequent to the said acquisition of shares, ESAB Welding & Cutting systems Ltd has now become a Wholly owned subsidiary of the Company with effect from September 20, 2007.

Financial Technologies India

Financial Technologies India Ltd has informed that the Company has received an approval from the Central Electricity Regulatory Commission (CERC) to set up India's first national level power exchange — Indian Energy Exchange Ltd (IEX) for trading electricity. IEX, promoted by the Company, will be a pan India neutral and transparent electronic demutualized exchange for efficient price discovery in the electricity market. PTC India Ltd has consented to take 26% stake in IEX. Other corporates who have consented to take a stake are Tata Power (TPC), Reliance Energy (REL) Rural Electrification Corporation (REC), Adani Enterprises (AEL) and IDEC in the consortium. The Company will continue to Invite strategic partners to join the power exchange. Taking into account the nascent stage of exchange traded power market in India, the Company has designed a very innovative solution for the power sector by deploying the best fit global technology solution for the Indian market to encourage larger participation by large and small players.

Commenting on this launch, Mr. Dewang Neralla, Co-founder of the Company said, "A pan India neutral and transparent energy exchange is the need of the hour for strengthening of the power sector by providing them efficient short term and long term price signals. IEX is a reflection of Financial Technologies’ vision to create world class market driven economy which empowers the entire supply chain equalizing the smallest and the largest. IEX's endeavor will be to create a platform that can eradicate the gap between buyers and sellers by taking the supply where the demand exists at most efficient equilibrium price."

In India the scope of trading power is huge even with its current power shortage scenario. There is an imbalanced disposition of resources within the country. On the one hand, there is the eastern region, which is rich in coal sources and so a lot of pit head based load plants have been set up there. The north eastern region also holds a lot of hydro power potential, whereas on the other hand, the western and northern regions of the country suffer from a heavy deficit of such power due to their immense industrial and agricultural load. IEX will be the key change agent for distributing power for bridging the gap between demand and supply by uniting all the buyers and sellers on a single platform to trade at a common national price without any risk of counterparty, which will be guaranteed in the Exchange Mechanism.

The need for a power exchange has been felt for quite some time to meet the demand and supply of power on time and to provide a common platform to both buyers and sellers and to assist them in price discovery. IEX promises multi-fold benefits for the Indian electricity supply industry by creating a non-discriminatory marketplace with a pan-India access to all buyers and sellers. IEX will ensure a transparent price discovery mechanism along with providing various other services such as settlement, payment security and technology for trading and risk management. It will enable participants to trade electricity the subsequent day through standard hourly contracts and block contracts that permit them to draw power from the grid at a given hour.

Going forward, IEX has many products ready to meet the requirements of the power sector based on the feedback received from the trade during the last one and a half years. The power exchange will benefit market participants such as the generators, distribution licensees, open access users, trading licensees, industrial consumers, system operators and bankers in many ways.

Having a power exchange will also be advantageous to the regulators because it will act as a single point self-regulatory organization (SRO), supervising its users and ensuring neutral and transparent national level pricing for all.

Currently, short term trading constitutes only 3% of the total energy market as against over 15% globally. Power markets generally operate with power purchase agreements (PPAs) for long term trading and bilateral contracts for the short term. For very short term requirements there is the unscheduled interchange (UI). In future, these markets will be complemented by the exchange, which will have standard contracts, nationwide choice, better price and payment security.

Apart from the known benefits of a power exchange, IEX brings to the table the benefits of a globally benchmarked exchange, owing to the Company in-depth domain expertise and best of breed exchange solutions. With the Company as a promoter, IEX will be able to provide services at significantly lower capital expenditure, operating expenditure and with globally benchmarked speed of execution.

Benefits IEX will bring to the Indian electricity market:

- Trade transparency:

All prices and quantities will be displayed on IEX trading terminals across India, and all trades will be anonymous and guaranteed by IEX. This will encourage participants to use the exchange mechanism, which will be neutral and transparent.

- Cost-efficiency:

Participants will have the flexibility to trade in the desired quantity at the desired price and desired time, without additional overheads. Cost of transactions will be lower, whereas safety and equality will be much higher.

- Price-risk management:

Trades on IEX will provide long-term and short price signals to enable participants to make suitable sell/buy decisions.

- Unlocking value:

IEX will unlock a deep and liquid market that will promote competition among stakeholders and lead to better capacity utilisation and smoothening of prices for consumers. It will attract additional capacity by providing a readymade market to interested parties.

Rap Media

With reference to the news item appearing in a leading financial daily titled "Open Offer talk helps Rap step up the rate", Rap Media Ltd has clarified that the news item is speculative in nature. After reading the news item the Company checked the shareholding of Jai Corp Ltd., Nidhi Polyester Ltd and Polyole Fiber Ltd and found that it remains unchanged. All these three entities have not purchased any shares and therefore their shareholding remains the same as was after the Company made allotment to them on preferential basis. The Company has also not received any communication from these entities regarding their intention to purchase additional shares from the market or in any way increasing their shareholding.

Therefore the Company has no comments to offer on the aforesaid news item.