A meeting of the Board Directors of ITC Ltd will be held on January 18, 2002 to consider and take on record the Unaudited Financial Results of the Company for the third quarter ended December 31, 2001.
Dabur India announces change in management structure
In a communication issued to the BSE, Dabur India Ltd has informed that Ninu Khanna who has been working with the Company as Chief Executive Officer and Director has successfully completed his tenure of 3 years with the Company in November 2001 and would now be continuing as CEO & Director till the Date of the next Board Meeting scheduled to be held on January 22, 2002.
The day to day affairs of the Company were being managed by a Management Committee consisting of senior professionals from cross-functions. Ninu Khanna was the Chairman of this Management Committee.
This Management Committee will continue to function as such. The Company is in the process of selecting a new CEO either from within the Company or from outside. In the interim, P D Narang, Director, Corporate Affairs who is a senior member of the Management Committee would be Chairman of this Committee.
S N Mishra appointed as part-time non-official director of SAIL
Steel Authority of India Ltd has informed BSE that on the nomination by Government of India, the Board of Directors of the Company at its meeting held on December 26, 2001 has approved the appointment of Shri S.N.Mishra IAS (Retd) as Part-time Non-Official Director on the SAIL Board.
Lipton India makes second open offer to acquire 4.11% stake in Rossell Indus at Rs 120 per share
Pursuant to the open offer made by Lipton India Exports Ltd to acquire 10,49,932 fully paid equity shares of Rs 10 each, representing 10.38% of the outstanding equity share capital of Rossell Industries Ltd at an open offer price of Rs 120 vide letter of offer dated October 29, 2001, the beneficial shareholding of Lipton alongwith persons acting in concert is 97,02,708 equity share capital of Rossell.
The public shareholding in Rossell having fallen below 10% of the voting share capital of Rossell, in compliance with Regulation 21(3) of SEBI(SAST) Regulations, Lipton is making a second offer to the balance shareholders of Rossell for acquiring 4,16,347 equity shares of Rs 10 each representing 4.11% of the outstanding equity share capital of Rossell at Rs 120 per equity share.
The second offer will open on January 10, 2002 and close on July 8, 2002.
Oriental Bank of Commerce Q3 results on Jan 24, 2002
A meeting of the Board of Directors of Oriental Bank of Commerce will be held on January 24, 2002 to consider and take on record the Unaudited Quarterly Results of the Company for the third quarter ended December 31, 2001.
ICICI Board to consider Q3 results on Jan 24, 2002
The Board of Directors of ICICI Ltd will consider the audited financial results for the third quarter ended December 31, 2001 at its forthcoming meeting to be held on January 24, 2002 in Mumbai.
AgriMore's holding in Arvind Mills at 6.96%
Arvind Mills Ltd has informed BSE that AgriMore Ltd has informed the company pursuant to Regulation 7(1) & (2) of the SEBI (SAST) Regulations, 1997 that they are holding 1,22,47,933 equity shares of the Company amounting to 6.96% of its share capital which they have acquired by way of allotment under its Rights Issue.
Accordingly, the Company has informed that 1,22,47,933 equity shares of the Company amounting to 6.96% of its total capital are held by AgriMore Ltd.
Television Eighteen DQ 2001 results on Jan 15, 2002
A meeting of the Board of Directors of Television Eighteen India Ltd will be held on January 15, 2002 to consider and take on record the Unaudited Financial Results (Provisional) for the quarter ended December 31, 2001 and to consider any other business.
Carrier Aircon Q3 results on Jan 29, 2002
A meeting of the Board Directors of Carrier Aircon Ltd will be held on January 29, 2002 to consider and take on record the Unaudited Financial Results of the Company for the third quarter ended December 31, 2001.
BASF India Q3 results on Jan 18, 2002
A meeting of the Board of Directors of BASF India Ltd will be held on January 18, 2002 to consider and take on record the Unaudited Financial Results (Provisional) for the quarter ended December 31, 2001.
MMTC fixes record date for the purpose of reduction of share capital
BSE has informed the members of the exchange that MMTC Ltd has fixed January 18, 2002 for the purpose of reduction of share capital by reducing 30% of the paid up equity share capital of the company from Rs 500 million divided into 50 shares of Rs 10/- each to Rs 350 million divided into 35 million shares of Rs 10/- each thereby cancelling 15 million shares of Rs 10/- each. The shareholders shall be paid pro rata @40.27 (Rs 10/- towards face value and Rs 30.27 as premium) per cancelled equity share. Further, the shareholding of the individual shareholders shall be rounded off to the nearest 100 to arrive at the entitlements for payments under capital reduction.
There will be no dealings in the aforesaid scrip w.e.f January 09, 2002
Ranbaxy subsidiary receives tentative approval for commercialization of Lisinopril + Hydrochlorothiazine tablets
Ranbaxy Pharmaceuticals Inc, (RPI) a wholly owned subsidiary of Ranbaxy Laboratories Ltd (RLL) has announced today (January 8, 2002) receiving tentative approval for the marketing of Lisinopril + Hydrochlorothiazide tablets, 10/12.5 mg,20/12.5 mg and 20/25 mg. This announcement was in close proximity to the recent approval granted to RPI for Lisinopril tablets as a single entity in October 2001.
Lisinopril + Hydrocholorothiazide tablets is indicated for the treatment of hypertension (fixed dose combinations not indicated for initial therapy), and has been AB rated to Prinizide® by Merck Research Laboratories. Based on this tentative approval, all strengths of this combination product will be available along with Lisinopril as a single entity formulation.
Ranbaxy will be one of the few companies that will have approval for both the single entity and combination product of Lisinopril. This approval granted in fourteen months (filing October 2000 - approval date January 2002) represents a concerted effort between RPI and RLL that supported this ANDA including APL, formulation and manufacturing.
Commenting on the occasion, Dr. Brian Tempest, President, Pharmaceuticals, RLL said, "We are most satisfied with the rapid approval for both of our ANDA fillings and will now take the necessary steps to be in a state of readiness at the time of expiration of the pediatric exclusivity. This will further maximise the value of these ANDAs to our organisation and provide value to the US Healthcare System."
Indian Rayon Q3 results on January 28, 2002
A meeting of the Board of Directors of Indian Rayon & Industries Ltd will be held on January 28, 2002 to take on record the Unaudited Financial Results of the Company for the third quarter ended December 31, 2001.
Compudyne Winfo to provide special effects for Rakesh Roshan's latest film
Compudyne Winfo Ltd has informed BSE that the company has had hand shake for the special effect services for KOI MIL GAYA, Rakesh Roshan's latest film.
With this, the company has entered into creating special effects to Indian Film Industry too.
Tata Power Q3 results on Jan 24, 2002
A meeting of the Board of Directors of Tata Power Co. Ltd will be held on January 24, 2002 to consider and take on record the Unaudited Financial Results (Provisional) for the quarter ended December 31, 2001.
Sierra Optima to call EGM to seek members approval on reduction of share capital
Sierra Optima Ltd has informed BSE that the EGM of the company will be held on January 30, 2002 to consider, subject to necessary approvals, the capital of the company, be reduced from Rs.3,30,00,000/- to Rs.84,23,000/- and that such reduction be effected by cancelling and extinguishing all shares other than those held by Sierra Atlantic, INC. at Rs.75.10 per share (being the aggregate of the par value of the share and the premium), subject to dividend distribution tax of Rs.6.03 per share resulting in a net pay out of Rs.69.07 per share.
Avtar Finance board to consider takeover of business of proprietorship firm
A meeting of the Board of Directors of Avtar Finance & Management Consultants Ltd will be held on January 16, 2002 to consider the following agenda:
To alter the object clause of the Memorandum of Association of the Company.
To approve the agreement for takeover of the business of M/s. JMD Sounds, a proprietorship firm as a going concern from Mr. Kailash Prasad Purohit, the proprietor of the firm.
To fix the date and venue for calling Extra-Ordinary General Meeting.
To consider any other business with the permission of the chair.
Hughes Software Q3 results on Jan 16, 2002
A meeting of the Board of Directors of Hughes Software Systems Ltd is scheduled to be held on January 16, 2002 to consider and take on record the Unaudited Financial Results of the Company for the quarter and Nine months ended December 31, 2001.
TELCO clarifies on news item
With reference to the news article appearing in a leading financial daily titled "Tata Engg to finalise partners for 2 subsidiaries by March" Tata Engineering & Locomotive Company Ltd (TELCO) has informed BSE that the Company is open to alliances with global majors for products swaps, technology inflow, etc.
The Company has also informed that one of the specific initiatives taken by the company is involving a global auto major either through a Joint Venture with its subsidiaries HV Axles Ltd and HV Transmission Ltd or a technical collaboration so as to improve the aggregates for its commercial vehicle business unit.
The Company has also stated that no decision has been taken on inducting a strategic partner in its subsidiary Telco Automation Ltd.
P K Sridharan appointed as Executive Director of Aptech
Aptech Ltd has informed BSE that P K Sridharan, has been appointed as an Executive Director of the Company with effect from 7th January, 02. Sridharan was formerly an Executive Director of Hexaware Technolgies Ltd (HTL). HTL has since been merged or amalgamated with the Company pursuant to the Composite Scheme of merger or amalgamation approved by the High Court of Judicature at Bombay.
Pramod Khera, being in charge of the Training Division has ceased to be and Executive Director of the Company consequent upon transfer of his services to Aptech Training Limited on 28th December 2001 pursuant to the said Composite Scheme. In view of his appointment as Managing Director of Aptech Training Limited, he has 7th January, 02 submitted his resignation as a Director of the Company.
Harshad Shah, Executive Director of the Company has submitted his resignation with effect from 7th January, 02 to pursue his own business.
J.V Athavale has ceased to be the Company Secretary and Compliance Offer on 28th December, 2001 consequent upon transfer of his services to Aptech Training Limited pursuant to the aforesaid Composite Scheme.
Naishadh P. Desai, has been appointed as Company Secretary and Compliance Officer of the Company with effect from 7th January 02.
BconnectB Worldwide Limited, the wholly owned subsidiary of the Company has sold the ASP related business with effect from 1.1.2002 to M/s. Siemens Information Systems Ltd, a subsidiary of M/s. Siemens Limited.
The Board has also decided, subject to requisite approvals, to change the name of the Company to Hexaware Technologies Ltd.
P & G Q2 results on Jan 22, 2002
A meeting of the Board of Directors of Procter & Gamble Hygiene and Health Care Ltd will be held on January 22, 2002 to consider and record the Unaudited Accounts for the quarter ended December 31, 2001.
Call India
