The Board of Directors of Jindal Drilling & Industries Ltd at its meeting held on August 26, 2002 has recommended a dividend @20% on the equity shares for the accounting year ended March 31, 2002.
Bombay Dyeing & Manufac. Board grants options under ESOS
Bombay Dyeing & Manufacturing Co Ltd has informed BSE that pursuant to the authority vested in it by the Board of Directors of the Company (the Board) the Remuneration/ Compensation Committee of the Board has evolved and brought into effect an Employee Stock Option Scheme (ESOS). In terms of the aforesaid scheme the remuneration/compensation committee has granted the following options to the working Directors mentioned herein below:
Ninu Khanna , Managing Director has been granted 43,000 options
P V Kuppswamy, Joint Mg. Director has been granted 27000 options
The options have been granted subject to the terms & conditions governing the ESOS including the following:
Vesting period:
A minimum period of one year from the date of grant ie August 20, 2002
Exercise price
Rs 10 per share
Exercise period:
To commence from the date of vesting and to expire not later than 3 years from the date of vesting.
Each option granted will entitle the employee upon exercise of the options, to receive one share of the Company.
Jindal Photo Films declares 10% dividend
At the meeting of the Board of Directors of Jindal Photo Films Ltd held today (August 26, 2002) a dividend @10% (Re 1 per share) has been recommended on the equity share capital of the company.
P D Ojha ceases to be a director of Wpil
Wpil Ltd has informed BSE that Dr P D Ojha has ceased to be a Director of the Company.
G R Cables director resigns
M Gopalakrishna, has resigned as a Director from the Board of G R Cables wef August 23, 2002 and Board took note of it at its meeting held on August 23, 2002.
Redemption of Rs 922 million issue of NCD/SPN made by Bombay Dyeing in 1993
Bombay Dyeing & Manufacturing Company Ltd has informed BSE that upon redemption of the aforesaid Non Convertible Debentures/Secured Premium Notes, the A+ (A Plus) rating, for the said instruments, being no longer necessary has been withdrawn by Crisil.
Dr Reddy's Lab grants 1813 stock options under employees stock option scheme, 2002
Dr Reddy's Laboratories Ltd has informed BSE that the Company has granted 1813 stock options to an employee of the Company at the meeting of the Compensation Committee of Board of Directors held on August 26, 2002.
The options have been granted at a price of Rs 884 per option, which is equivalent to weighted average share price of the Company of last 30 days on BSE.
Addi Industries board to consider buyback of shares
Addi Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on September 03, 2002 to consider the buy-back of equity shares by the Company.
CARE revises credit rating of India Cements Debentures
India Cements Ltd has informed BSE that the rating Committee of Credit Analysis & Research Ltd (CARE) has decided to downgrade the credit rating on the following debentures issued by the Company as under:
Description--------------------Rating
2385- 13.5% secured redeemable Non Convertible Debentures aggregating to Rs 1192.50 million privately placed with Banks, Insurance Companies and Mutual Funds ('CARE' D)
7630- 13% Secured Redeemable Non-Convertible Debentures aggregating
to Rs 3815 million privately placed with Banks, Insurance companies and mutual funds ('CARE' D)
18000- 13.5% Secured Redeemable Non Convertible Debentures aggregating to Rs 1800 million privately placed with ICICI Ltd ('CARE' D)
91 Zero Coupon Secured Redeemable Non-convertible Debentures aggregating to Rs 483.60 million privately placed with a Bank ('CARE BB')
The company has further informed that it is holding discussions with financial institutions and other lenders for restructuring its entire debt portfolio.
Hexaware wins Euro 22 mn contract with Deutsche Leasing
Hexaware Technlogies Ltd announced on Monday that they have signed a long term agreement with Deutsche Leasing AG, Bad Homburg Germany, to assist in the restructuring and modernization of their European IT operations.
Deutsche Leasing is one of Germany's largest and most prosperous finance leasing Companies. The Company provides a comprehensive range of leasing services and insurance packages for information and communications technology assets, vehicles, machinery and industrial equipment,medical technology, and energy products on behalf of thousands of business customers throughout Europe.
Hexaware will be the partner responsible for the core architecture and the development of a major part of the IT applications portfolio. The scope of the relationship includes the development of a new unified contract system and related leasing applications which will deliver a unique leasing system able to handle both finance, leasing, operate leasing and fleet management. Other applications include Data Warehousing enhancements to support the European partnering strategy of Deutsche Leasing besides Risk Management and Enterprise Application Integration.
The initial value of the contract is estimated at Euro 22 mn to be completed by December 2004.
SBI announces change in management structure
State Bank of India has informed BSE that Mr S Govindarajan, Managing Director & GE (NB) has relinquished office of the Managing Director as on July 31, 2002 and ceased to be Director on the Board w e f August 01, 2002.
Further P R Khanna, Director on the Bank's Central Board ceased to be a Director on the Board w e f August 20, 2002 consequent upon his resignation.
Ceat clarifies on news item
With reference to a news item appearing in a leading financial daily, Ceat Ltd has informed BSE that the Company as a part of its normal operations, has been sourcing tyres from various companies and in this connection, Pirelli is also being tapped as a resource. This is not a material event from the Company's operational point of view. This is an ongoing effort to increase the availability of tyres by Ceat.
Hingir Rampur Coal Board approves rights issue
Hingir Rampur Coal Company Ltd has informed BSE that at the Board Meeting of the Company held on August 26, 2002, it has been decided that the Company will issue 8,40,000 equity shares of Rs 10 each at par on right basis in the ratio of 7 equity shares for 1 equity share held by the shareholder.
D-Link clarifies on news item
With reference to a news item appearing in a leading financial daily quoting "D-Link India Ltd plans tie-up with US firms" D-Link India Ltd has informed BSE that the Company is in talks with several companies in USA and also in Taiwan for increase of range of its Networking Products and no tie up/joint venture has been finalized till date.
Automobile Corpn. of Goa Board approves allotment of NCPS to promoters
Automobile Corporation of Goa Ltd has informed BSE that the Board of Directors of the company at its meeting held on August 20, 2002 has allotted 9,00,000 Cumulative Redeemable Non-Convertible Preference shares of Rs.100/- each to the promoters - EDC Ltd., - (3,00,000) and Tata Engineering and Locomotive Co. Ltd., - (6,00,000) aggregating Rs 90 million.
A sum of Rs 30 million has been paid up on application and the balance is payable in two calls in September and October 2002 respectively.
The preference shares carry a coupon rate of 11.5% and are redeemable at the end of 8 years or earlier at the option of the Board of Directors.
Satyam & Iona Enter into strategic partnership
Satyam Computer Services Ltd has entered into a Premier Partnership with Ireland-based IONA®, a leading e-Business Platform provider for Web Services Integration, to deliver the Orbix E2A™ Web Services Integration and Application Server Platforms.
As per the agreement, Satyam will establish a Web Services Integration practice dedicated to the implementation of IONA Orbix E2A™. Satyam consultants will work with IONA to implement Orbix E2A as part of e-business integration solutions for the Telecommunications, Manufacturing, and Financial Services industries. As part of this alliance, Satyam and IONA will also engage in co-marketing activities.
"Our collaborative solutions help clients web-enable their business and enhance their ability to compete. By partnering with IONA, we can offer our clients a comprehensive and standards-based integration platform that connects their enterprise systems to support new and efficient business initiatives," said GB Prabhat, Director, Enterprise Business Solutions, Satyam Computers.
Macmillan India members approve scheme of amalgamation
Macmillan India Ltd has informed BSE that at the EGM of the Company convened and held on August 22, 2002 under the directions of the Madras High Court, the shareholders of the Company unanimously approved the proposed scheme of Amalgamation of the following Companies with the Company: -
1) Scientific Data Bank Services Pvt. Ltd
2) Scientific Books Madras Pvt. Ltd
3) Scientific Books Bombay Pvt. Ltd
4) Scientific Books Calcutta Pvt. Ltd
5) Scientific Books Delhi Pvt. Ltd
Omax Autos Board to consider allotment of bonus shares
Omax Autos Ltd has informed BSE that the board of directors will meet on September 2, 2002 to consider inter alia the following:
Allotment of Bonus Shares in the ratio of 5:1
Omax Autos Board to consider bonus issue
Omax Autos Ltd has informed BSE that the Board of Directors will meet on September 02, 2002 to consider inter alia the following:
Allotment of Bonus Shares in the ratio of 5:1
Ranbaxy gains US FDA approval to market Terazosin Hydrochloride capsules
Ranbaxy Pharmaceuticals Inc., (RPI) a wholly owned subsidiary of Ranbaxy Laboratories Ltd (RLL) has informed BSE that RLL has received final approval from the US Food and Drug Administration to manufacture and market Terazosin Hydrochloride Capsules, 1 mg, 2 mg, 5 mg, and 10 mg. Based on studies, the Ranbaxy formulation has been deemed to be bio-equivalent and therapeutically equivalent to the listed drug Hytrin ™ capsules by Abbott Laboratories.
Terazosin Hydrochloride capsules are indicated for the treatment of symptomatic benign prostatic hyperplasia (BPH). It is also indicated for the treatment of hypertension and can be used alone or in combination with other anti hypertensive agents such as diuretics or beta adrenergic blocking agents. Sales in 2001 for Terazosin capsules, which consisted of Abbott Lab brand of Hytrin® along with five other generic players, aggregating $ 206.80 million.
The approved Ranbaxy formulation is a result of the R&D efforts on the Active Pharmaceutical Ingredient and on the bio-equivalent formulation, both developed at RLL.
It is planned to make the product available for marketing & distribution through the RPI Commercial teams within the next 30 to 45 days for all classes of trade including wholesalers, chain pharmacies and generic distributors that support the dispensing and therapeutic usage of this product.
According to Dipak Chattaraj, President & CEO of RPI, " This product represents yet another addition to the expanding RPI product portfolio that consists not only of solid dosage forms but now includes an increasing number of value added dosage forms. We see this as another way to distinguish and differentiate RPI from other generic formulators in USA".
Century Textiles & Industries recommissions Bagasse Paper plant/ shuts down timber paper plant & Rayon grade pulp plant at Lalkua
Century Textiles & Industries Ltd has informed BSE that the Company has been able to get sanction of some additional power supply from Uttaranchal Power Corporation. The Company had earlier informed about the breakdown in its 21 MW turbine at its Central Pulp & Paper Division at Lalkua (Uttaranchal) resulting in the stoppage of its Bagasse Paper Plant. The Company has now recommissioned the Bagasse Paper Plant on August 23, 2002 in order to reduce the turnover loss.
The company has further informed that it had to shut down the Timber Paper Plant and Rayon Grade Pulp plant at its Pulp & Paper Division at Lalkua in view of power shortage. The above will result in reducing the estimated turnover loss from Rs 250 million as estimated earlier to Rs 200 million now.
The company is making further efforts to get additional power supply and subject to its availability, its Timber Paper plant may also be started partially. Full normalcy is expected to be restored after its 21 MW Timber is fully operational in about 30 days.
IOCL clarifies on news item
With reference to the news article appearing in a leading financial daily titled "IOC freezes Paradip Project on Lukewarm Demand, High Taxes" Indian Oil Corporation Ltd has informed BSE that the supply-demand scenario for petroleum products in the country as a whole and the Eastern Region in particular is under review by a Committee constituted for this purpose, however no final decision has been taken in the matter.
Bathina made an important breakthrough in creating User Personal Voice-Models for their "Bathina VoiceAuto" Product for different accents of English
Bathina Technologies India Ltd, in their continued research on Voice Automation technology, made a important breakthrough in creating new user Voice Models for user with different accents with a training (by reading one script) of only 10 to 15 minutes, yielding more than 92% initial recognition accuracy. Reading additional stories and continued usage of the product improves the recognition accuracy to higher levels of 98% - 100%.
Generally, most Continuous Speech Recognitions Engines come with generic predefined speaker-independent voice models. With so many accents in India and around the world, such models give moderate recognition accuracy to majority of the users. Speech Engine developers also commonly provide mechanisms to modify the generic voice-model to create user's personal voice-models by getting the user to read some scripts to record the user pronunciations of different words. This adaptation process is one of the key-factors for higher accuracy levels, especially in continuous speech recognition models.
Such voice-models along with pronunciations for application developer added Words & Phrases and word-usage models aid the speech engines to recognize the user's speech. Bathina Technologies worked on all these three areas for several years to create one of the best speech recognition process, especially for diverse accents. The readers already know that Bathina VoiceAuto is developed on IBM ViaVoice™ Speech Recognition Engine. IBM ViaVoice™, to our knowledge, comes with the best generic predefined voice-model. Bathina Technologies has modified that model and the adaptation process to cut down the time required for adaptation and to achieve better initial recognition accuracy by setting some parameters to suit particular accent.
"Speaking of this breakthrough, the CMD of Bathina Technologies, Mr V Rao Bathina said, "It used to take over 2 hours of training with the Edition & Version of IBM ViaVoice™ Bathina VoiceAuto is currently built on, by reading all four scripts to create a reasonable User Voice-Model for a reasonable initial recognition accuracy of about 93%. Even with great advantages of VoiceAuto product, this long training requirement was a disadvantage our customers used to complain about. Now, with this breakthrough, we give great advantage to our existing customers and prospective customers in all areas of Voice Automation and satisfy them better. With this lesser training time, improved functionality, voice support to more applications, additional vocabularies (more than half a million additional words and phrases) covering more than 100 different subjects, Voice Auto 1.3 is almost ready for the release shortly, which I am very sure, will be recognized as the world's best Voice Automation Product."
Govind Poy Oxygen Board declares dividend @ 15%
Govind Poy Oxygen Ltd has informed BSE that at the Board Meeting of the Company held on August 23, 2002 the Board, approved the annual accounts for the year ended March 31, 2002 and a decision was taken to declare a dividend @ 15% for the year.
Sanwaria Agro fixes record date for bonus issue
Members of the exchange are hereby informed that Sanwaria Agro Oils Ltd has fixed September 20, 2002 as record date for the purpose of bonus issue of one bonus share for every five existing shares held. Transactions in equity shares will be on cum bonus basis till September 17, 2002 and will be on ex bonus basis from September 18, 2002.
BSE revises Special Margin on 88 scrips
BSE has informed the members of the exchange that the following scrips will attract Special Margins as indicated hereunder with effect from Monday August 26 2002. The rates of Special Margins have been revised keeping in view the closing price of the scrip on the last day of the settlement. Members are hereby informed that special margins will be imposed on the basis of memberwise gross purchase or sales position (clientwise net) as indicated below:
Code------Name------Group------Per Share(Purchase)(%)------Per Share(Sale)(%)
530707------AFTEK INFOSYS------B1------25
532311------ AMEX INFORMATIO ------ B2 ------ 25
532259------ APAR INDUSTRIES------ B2 ------ 25
531541------ AVON ORGANICS------ B2 ------ 25
532161------ BAFFIN ENGINEER------ B2------ 25
502355------ BALKRISHNA INDS ------ B2 ------ 25
500048------ BHARAT EARTH MO------ B1------ 25
532113------ BRIJLAXMI LE ------ B2------ 25
517544------ C MAC CENTUM------ B1------ 25
523200------ CLASSICS DIAM ------ B2------ 25
506390------ COLOUR CHEM ------ B1 ------ 25
508814------ COSMO FILMS------ B2 ------ 25
532419 ------ D LINK INDIA------ B1------ 25
532365------ DYNACON SYSTEM------ B2------ 25
509028------ E SERVE IN ------ B1------ 25
532417------ E STAR INFOTECH------ B2 ------ 25
505200------ EICHER MOTOR------ B1 ------ 25
500128 ------ ELECTROSTEEL CA ------ B1 ------ 25
500627------ ESSAR STEEL------ B1------ 25
506156 ------ ETC NETWORKS ------ B2 ------ 25
532326------ FORTUNE INFO ------ B2 ------ 25
500155------ GARDEN SILK------ B1------ 25
500655------ GARWARE POLY------ B2------ 25
506109------ GENESYS INTER------ B1------ 25
503699------ GEODESIC INF------ B2 ------ 25
532312------ GEOMETRIC SOFT------ B1------ 25
507732 ------GODAVARI FERT------ B2 ------ 25
526729 ------ GOLDIAM INT------ B1------ 25
500185------ HIND CONSTRUC ------ B1 ------ 25
524652------ IND SWIFT ------ B1------ 25
500207------ INDO RAMA SYN------ B1 ------ 25
532010------ INDOTECH CAPITA------ B2------ 25
532175------ INFOTECH ENT ------ B1------ 25
512447------ INNOVISION ------ B2 ------ 25
524494------ IPCA LABORATOR------ B1------ 25
507480------ ISHWAR MEDICAL------ B2 ------ 25
531816------ IT MICROSYSTEM------ B2 ------ 25
530773------ IVRCL INFRA------ B1------ 25
506943------ J B CHEMICALS ------ B1------ 25
500107------ JINDAL IRON ------ B1 ------ 25
532256------ JINDAL STRIPS ------ B1------ 25
532275------ LANDMARC LEISUR ------ B1------ 25
500266------ MAH. SCOOTER ------ B1------------ 50
500265------ MAHARASHTA SEAM------ B1------ 50
502157------ MANGALAM CEMENT B2------ 25
532337 ------ MASCOT SYSTEM------ B1 ------ 25
524794 ------ MATRIX LABS------ B2------ 25
512267------ MEDIA MATRIX ------ B2------ 25
531417------ MEGA CORPORATIO------ B2------------------------ 25
524101------ NALCO CHEMICAL------ B1 ------ 25
504112------ NELCO------ B1------ 25
531209------ NUCLEUS SOFTWAR------ B1------ 25
520021 ------ OMAX AUTOS ------ B1 ------ 25
532091------ ORBIT MULTI------ B2 ------ 50
532350 ------ PADMALAYA TELE ------ B1------ 25
531492------ PENTA COMMUN------ B1 ------------------------ 25
517296------ PHOENIX LAMPS------ B2------ 25
524051------ POLYPLEX ------ B2 ------ 25 522205------ PRAJ INDUSTRIES ------ B2------ 25
506852------ PUNJAB ALKALI------ B2------ 25
506618------ PUNJAB CHEMICAL------ B2------ 25
500346------ PUNJAB COMM------ B1------ 25
500355------ RALLIS INDIA ------ B1------ 25
524230------ RASHTRIYA CHEM ------ B1------ 25
513583 ------ S B & T ------ B1------ 25
500370------ SALORA INTER ------ B1------ 25
514234 ------ SANGAM INDIA------ B2------ 25
511218------ SHRIRAM TRANS ------ B2------ 25
523083------ SOMPLET------ B2------ 25
512531------ STATE TRADING------ B1------ 25
512640 ------ STOCK NET INTER------ B1------------------------ 25
532348------ SUBEX SYSTEM ------ B1------ 25
504920------ SWIL------ B2------ 25
511503------ SYNERGY LOG IN------ B2------ 25
504290------ TATA INFOTEC ------ B1------ 25
500463------ TATA TELECOM------ B1 ------ 25
531554------ TOP TELEMEDIA------ B2------------------------ 50
531659------ TRANSNAT SEC------ B2------ 25
500423------ TVS ELECTRONICS------ B1 ------ 25
500464------ UCAL FUEL SYST------ B1 ------ 25
531790------ UNIVERSAL MEDIA------ B2 ------------------------ 25
532156------VAIBHAV GEMS------ B1 ------ 25
524802------ VERONICA LABS------ B2 ------ 25
500945------ VIDEOCON APPL------ B1 ------ 25
532214------ VISUAL SOFTWARE------ B1 ------ 25
511246------ WHITE LION ASIA------ B2 ------ 25 ------------------ 25
504067------ ZENSTAR TECHNOL------ B1 ------ 25
526498------ ZYNERGY------ B2------ 25
