E Star Infotech Board approves FIIs proposal to hold upto 25% of the equity capital of the Company

E Star Infotech Ltd has informed BSE that at the meeting of the Board of Directors of the Company held on July 3, 2002 the proposal of Tata Economic Consultancy Services (A Division of Tata Sons Ltd) for formulating a business development strategy and eventual involvement as a marketing partner for the Company's products and services was approved. The Board has also approved the proposal to allow FIIs to hold upto 25% of the equity capital of the Company. The Company has further informed that the Board will meet on July 20, 2002 to consider: The recommendation of the dividend. The issue of Bonus Shares, and The unaudited results for the quarter ended June 30, 2002.

Teledata Informatics board to consider allotment of shares on preferential basis

Teledata Informatics Ltd has informed BSE that a meeting of the Board of Directors of the Company has been scheduled to be held on July 10, 2002 to consider the following: 1. Issue of equity shares on preferential basis to promoters, associates and entities other than promoters 2. To re-issue the equity shares which have been forfeited.

Exide Industries clarifies on news item

With reference to a news item appearing in a leading financial daily titled "Exide charges up on tie up talk" Exide Industries Ltd has informed BSE that there is no such tie-up on the anvil.

Classic Diamonds recommend issue of bonus shares/buyback

Classic Diamonds recommend issue of bonus shares/buyback

Classic Diamonds India Ltd has informed BSE that the Board at its meeting held today (July 3, 2002) has decided the following: To recommend the issue of bonus shares by capitalization of reserves at a ratio of 1:1 ie one bonus share on every existing equity share. To buyback upto 3,50,000 equity shares at a price upto Rs 150 per share from open market. To increase the authorised capital of the Company from Rs 50 million divided into 50,00,000 equity shares of Rs 10/- each to Rs 100 million divided into 1,00,00,000 equity shares of Rs 10/- each.

E Merck H1 results on July 12

E Merck India Ltd has informed BSE that the meeting of the Board of Directors will be held on July 12, 2002 to take on record the unaudited financial results for the half year and quarter ended June 30, 2002.

Fire at Shasun Chemicals and Drugs factory

Shasun Chemicals & Drugs Ltd has informed BSE that there was a fire accident in one of the packing sections at its cuddalore factory on July 02, 2002 and necessary emergency measures were taken to extinguish the fire. The Company has further informed that a contract labourer, working in packing unit, met with fatal accident. The packing area has been cardoned. The normal activity has been resumed in the rest of the factory. The cause of the accident is being investigated. An assessment is made for the properties that got damaged in the fire accident for which proper insurance coverage is in place.

Ranbaxy gets nod for commercialisation of Lisinopril

Ranbaxy Pharmaceuticals Inc (RPI), a wholly owned subsidiary of Ranbaxy Laboratories Ltd (RLL), announced today (July 3, 2002) that RLL has received final approval from the US FDA to manufacture and market Lisinopril + Hydrochlorothiazide tablets U.S.P., 10/12.5 mg 20/12.5 mg, and 20/25 mg. Based on bio-equivalence studies, it has been deemed to be bio-equivalent and therapeutically equivalent to Prinizide® tablets by Merck Research Laboratories. The Company has also received final approval from the US FDA to manufacture and market Lisinopril tablets USP, 2.5 mg., 5 mg., 10mg., 20mg., and 40mg. Based on bio-equivalence studies; this has been deemed to be bio-equivalent and therapeutically equivalent to Zestril® tablets. Lisinopril + Hydrochlorothiazide 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 It is also indicated as adjunctive therapy in the management of heart failure and patients who are not responding adequately to diuretics and digitalis. Additionally, Lisinopril is indicated for the treatment of hemodynamically stable patients within 24 hours of acute myocardial infarction, to improve survival. Based on this approval, all strengths of this combination product will be available along with Lisinopril as a single entity formulation. Under the circumstances, Ranbaxy will be one of the four companies that will have approval for both the single entity and combination product of Lisinopril. The approval formulation is the result of research and development efforts, which focused on the Active Pharmaceutical Ingredient (API) and the bio-equivalent formulation both of which were developed through the scientific capabilities within Ranbaxy Laboratories Ltd of New Delhi, India.

Satyam clarifies on news item

With reference to a news item appearing in a leading financial daily titled "Satyam gains on BPO order rumour" Satyam Computer Services Ltd has informed BSE that there is no truth in the news item.

GDR Telefilms board approves stock split

GDR Telefilms Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 29, 2002 have approved split of equity shares of the Company from the existing Rs.10/- to Re.1/- each.

ICRA assigns "A+" rating to Godrej Industries CP plan

Godrej Industries Ltd has informed BSE that ICRA has assigned "A+" rating to the Commercial Paper Programme of Rs 200 million of the Company. This rating indicates the highest safety.

R R Vederah designated as Deputy M D of BILT

Ballarpur Industries Ltd has informed BSE the change in designation of Mr R R Vederah - Whole Time Director of the Company from Director & COO to Deputy Managing Director.

Vantel Technologies delivers and integrates 'Telecommunications call monitoring system' for service providers and law enforcement agencies

Vantel Technologies, a leading telecom product and solutions Company has designed, developed and integrated with the networks of the service providers, the Vantel Call Monitoring systems (VCMS). VCMS provides telecom carriers with the solution to meet legal interception regulations by providing a complete solution to monitor, and report voice transmissions to the appropriate law enforcement agency. "Until recently, manual intervention was required to execute the call monitoring function at many of the service providers, where an individual is needed to be present at the switch of the service provider, to monitor the numbers. This function has been totally automated by Vantel with the calls originating on the monitored numbers being automatically switched to the agency's monitoring location, said Prabhu JVR, President, Vantel Technologies. Vantel embarked on an ambitious development effort couple of months ago, to create the monitoring system to meet the special needs of law enforcement agencies. Vantel launched the monitoring system in January and met with a excellent response from many of the telecom operators in India. "I am very pleased to announce that we have integrated this system with some of the most advanced telco networks. The fact we have been awarded major contracts from the service providers is clear evidence of its immediate acceptance in the market," commented Prabhu JVR, Vantel's president.

ACC sells shares held in International Ferrites to EPCOS AG ACC sells shares held in International Ferrites to EPCOS AG

Associated Cement Companies Ltd has informed BSE that a share purchase and transfer agreement has been executed between ACC and EPCOS AG, Germany, for sale of 1,52,18,098 equity shares of the face value of Rs 10 each held by ACC in International Ferrites Ltd (IFL) to EPCOS AG, Germany. This constitutes the sale of ACCs entire shareholding in IFL amounting to about 35% of IFLs share capital The purchase price to be paid by EPCOS AG to ACC is Rs 26.56 per share. The agreement is subject to all requisite approvals and the closing date agreed to by the parties for this transaction is the first day of October 2002.

Mascot expands Asian ops with China thrust

Mascot Systems a leading Global Software Services Company, today (July 3, 2002) announced that it has entered into a partnership with Dalian-based Chinese IT services Company Haihui Seci-Tech Company Ltd (formerly DMK). Masxot will collaborate with Haihiu Sci-Tech to execute offshore development project engagements in China. This move is in line with Mascot's strategy of de-risking its business by expanding its global operations, The partnership with Haihui Sci-Tech will help Mascot establish its presence in China and allow it to participate in the opportunity thrown open by China's emergence as an important IT services destination. Long Term Strategies in China: Mascot plans to establish a strong presence in China. Mascot will leverage its local business strengths to target leading international organisations planning development centres in China. IT will also, at a later stage, explore local business opportunities and further look at strengthening its presence in the region. Gerhard Watzinger, CEO, Mascot Systems, commented: "We continue to aggressively pursue our objective of diversifying our global presence. Our partnership with Haihui Sci-Tech provides us with a strategic access route and critical resources in the Chinese market. It also offers high level of synergies that will be used to rapidly grow our business. China represents an important market for Mascot and we are well positioned to leverage our capabilities to establish and consolidate our presence in this region."

Reckitt Benckiser H1 results on July 30

Reckitt Benckiser India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 30, 2002 to consider and take on record the unaudited financial results (estimated) of the Company for the half year ended June 30, 2002.

Godrej unveils new improved FairGlow soap

Godrej Consumer Products Ltd has relaunched Godrej FairGlow, India's first and largest selling fairness soap, with an improved product blend, new packaging and graphics all across the country keeping in mind the changing needs of the consumer. The new stylish pack has an international design and the key benefit of "blemish free fairness" now forms a part of the packaging. A new thematic communication campaign will be launched to promote the new pack of Godrej FairGlow. The campaign revolves around "the new wave of fairness" created by Godrej FairGlow which not only gives fairness but blemish free fairness. The pack too shows a vignette effect of a wave in sync with the theme. The new advertisement campaign will be promoted through point-of-purchase materials, rain shades, outdoors, and TV and press advertisements. Announcing the relaunch of the new Godrej FairGlow R K Sinha, vice-president, marketing, Godrej Consumer Products Ltd, said, "At Godrej Consumer Products, we are committed to satisfying the needs of our customers through value addition and innovation. New Godrej Fairglow is yet another endeavour towards that commitment"

Grasim clarifies on news item

With reference to news item appearing in a leading financial daily titled 'Grasim up 4% on L&T stake hike hopes', Grasim Industries Ltd has informed BSE that the news item is speculative in nature.

EIH announces change in management structure

EIH Ltd has informed BSE the following changes in management structure: Appointment of Additional Directors: Nusli N Wadia Rajan Raheja Christopher Reeves P R S Oberoi who was the vice Chairman and Managing Director of the Company has been appointed as the Chairman in the Wholetime employment of the Company w e f June 27, 2002. S S Mukherji who was the Deputy Managing Director of the Company has been appointed as the Managing Director of the Company w e f June 27, 2002.

BSES Q1 results on July 29

BSES Ltd has informed BSE that the Board of Directors of the Company will meet on July 29, 2002 to consider and take on record the unaudited financial results of the company for the quarter ended June 30, 2002.

Bharat Earth Movers signs contract with Rotem

Bharat Earth Movers Ltd has informed BSE that a contract has been signed with M/s. Rotem, Seoul, South Korea for manufacture of 180 Electrical Multiple Units at its Bangalore Complex for supply to Delhi Metro Rail Corporation as part of the main Contract being executed by the Korean major, M/s Rotem. These Stainless steel coaches with FRP interiors are being introduced into the manufacturing line for the first time under technology from M/s Rotem for which potential appears to be growing as several metros are considering introducing of metro rail as a means of transport.

MTNL clarifies on news item

With reference to a news item appearing in a leading financial daily titled MTNL plan to pick up equity in Railtel Mahanagar Telephone Nigam Ltd has informed BSE that the proposal is at a preliminary stage.

BSE imposes special margin on 8 scrips

BSE has informed the members of the exchange that special margin in the under mentioned scrip has been imposed as mentioned alongside with effect from today (July 3, 2002). Special margin will be imposed on the basis of memberwise gross outstanding purchase or sale position (Clientwise net) as indicated below: Code Name Group Sp. Mrg PerShare (%)(Purchases) 500048 BHARAT EARTH MOVERS LTD. B1 25 500055 BHUSHAN STEEL & STRIPS LTD. B1 25 500467 HARRISONS MALYALAM LTD. B2 25 500720 INDIAN ORGANIC CHEMICALS LTD. B2 25 504807 KEC INTERNATIONAL LTD. B2 25 500254 LLOYDS STEEL INDUSTRIES LTD. B2 25 502157 MANGALAM CEMENT LTD. B2 25 500460 MUKAND LTD B1 25

Prima Plastics announces change in management structure

Prima Plastics Ltd has informed BSE that the Board of Directors has appointed Bhaskar M Parekh as a Chairman and Dilip M Parekh as the Managing Director subject to the approval of the shareholders at its forthcoming AGM.