Magan Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 15, 2002 to transact following business:
To consider and to take on record financial results for the quarter ended on June 30, 2002
To approve the audited accounts for the year ended on June 30, 2002
To approve the Directors Report for the year ended on June 30, 2002
To discuss and finalise the buy back of shares in accordance with the regulation prescribed by SEBI
Cummins India acquires stake in CG Newage Electrical
Cummins India Ltd has informed BSE that it has acquired 8,10,000 equity shares of Rs 10/- each fully paid (40.5%) in the shares capital of CG Newage Electrical Ltd Ahmednagar (CGNEL) from Crompton Greaves Ltd (38%) and Janpath Investments & Holdings Ltd (2.5%). The shares are acquired at a price of Rs 220.50 per share.
The Company further states that Cummins Diesel Sales & Services India Ltd a subsidiary of Cummins India Ltd is holding 12% of the equity share capital of CGNEL.
ICI Q1 results on July 30, 2002
A meeting of the Board of Directors of ICI India Ltd will be held on July 30, 2002 to consider inter alia the unaudited results of the company for the quarter ended June 30, 2002.
Crompton Greaves divest its stake in CGNEL
Crompton Greaves Ltd has informed BSE that the Company has divested its shareholding of 38% in CG Newage Electrical Ltd to Cummins India Ltd at a price of Rs 220.50 per share.
Tata Chemicals Q1 results on July 31, 2002
Tata Chemicals Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on July 31, 2002 to consider and take on record the unaudited financial results of the Company for the quarter ended June 30, 2002.
Exide Q1 net up by 124.18%
Exide Industries Ltd has posted a net profit of Rs 81.60 million for quarter ended June 30, 2002 as compared to Rs 36.40 million in the quarter ended June 30, 2001. The total income (net of excise) has increased from Rs 1765.90 million in JQ-01 to Rs 1982.80 million in JQ-02.
Jammu & Kashmir Bank Q1 net up by 30.01%
Jammu & Kashmir Bank Ltd has posted a net profit of Rs 723 million for quarter ended June 30, 2002 as compared to Rs 556.10 million in JQ-2001. The total income has increased from Rs 3751.10 million in JQ-01 to Rs 3909 million in JQ-02.
Tata Power Q1 results on July 25
Tata Power Co Ltd has informed BSE that the Board of Directors of the Company will meet on July 25, 2002 to consider and take on record the unaudited financial results (provisional) for the quarter ended June 30, 2002.
NIITs Global Software Business renamed 'NIIT Technologies'
To give a distinct identity to its software operations, NIIT has re-named its Global Software Business, NIIT Technologies.
The new identity carries forward NIIT's brand values of trust, innovation, and technology built over the last 20 years, while lending a much greater focus to values that will help power NIIT's software business in the future.
"NIIT Technologies' branding exercise, is in keeping with our desire to aggressively address the vast opportunities that exist to establish ourselves as a scale player in the IT services space", said Rajendra S Pawar Chairman NIIT.
NIIT Technologies has alliances with global IT majors including IBM, Microsoft, Oracle, SAP and SUN. NIIT Technologies services global customers including British Airways, ING Group, Singapore Airlines, SEI Investments and Toshiba.
Recently it acquired the custom development business of Click2learn- a Nasdaq listed e-learning company and Osprey, which now operates as the Sap division on NIIT.
Digital GlobalSoft allots shares under ESOP
Digital GlobalSoft Ltd has informed BSE that the Company on July 04, 2002 has allotted 27,075 equity shares of Rs 10/- each to the employees who have exercised their options under the Company's Employee Stock Option Plan. With this allotment the current paid up capital of the Company will be Rs 327,997,400.
Shamken Spinners Board approves allotment of equity shares on preferential basis
At the meeting of the Board of Directors of Shamken Spinners Ltd held on June 29, 2002 the following were approved:
Allotment of equity shares on preferential basis subject to approval of shareholders.
Allotment of equity shares with differential rights as to dividend or otherwise on preferential basis subject to approval of shareholders.
Allotment of equity shares with differential rights as to voting or otherwise on preferential basis subject to approval of shareholders.
BHEL Q1 results on July 30, 2002
Bharat Heavy Electricals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 30, 2002 interalia to consider and take on record the unaudited financial results of the Company for the quarter ended June 30, 2002.
Restile Ceramics settles issues connected to strike
Restile Ceramics Ltd has informed BSE that the workmen had gone on illegal strike effective from March 02, 2002 and consequently the management had declared Lockout.
All the issues connected with the strike including Wage Settlement have now been resolved and Agreements have been signed on June 26, 2002 before the Joint Commissioner of Labour, Hyderabad.
The Company has further informed that it shall get back to the total normalcy in operations and achievement of full capacity utilization very shortly.
BSE imposes special margin on 2 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 5, 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. MrgPerShare(%)(Purchases) Sp. MrgPerShare(%)(Sales)
500223 JCT Ltd B1 25 0
532325 Vital Communications Ltd B2 0 25
Sesa Goa Q1 results on July 23
Sesa Goa Ltd has informed BSE that the meeting of the Board of Directors of the Company will be held on July 23, 2002 for taking on record unaudited financial results for the quarter ended June 30, 2002.
GNFC Q1 results on July 26
A meeting of the board of directors of Gujarat Narmada Valley Fertilizers Company Ltd is scheduled to be held on July 26, 2002 to take on record the unaudited financial results for the first quarter ended June 30, 2002 in respect of financial year 2002-2003.
