Motor Industries board to consider interim dividend on June 11, 2002

Motor Industries Co Ltd has informed BSE that the Board of Directors at their meeting to be held on June 11, 2002 will consider interalia the declaration of an interim dividend. The record date for the purpose of payment of interim dividend if any declared by the Board shall be July 01, 2002 The interim dividend if approved by the Board of Directors at their meeting to be held on June 11, 2002 will be paid to those members whose names appear in the Register of Members as at the close of business on July 01, 2002 and the dividend warrants will be posted on or after July 05, 2002.

BPL launches 'BPL World Cup football fever' offer

BPL Ltd has launched its mega consumer promotion to leverage the expected World Cup Football sales upswing. The promotion, branded "BPL Colours of Brazil shootout", is aimed at creating excitement around BPL Colour Televisions, encashing on the World Cup Football Fever. Says Ajay Baijal, COO, Entertainment Electronics Business Group, BPL Ltd, "Our consumer feedback has shown that the most exciting team for the Indian football fan in Brazil. It was only natural that BPL being the most exciting brand, associated itself with the most exciting team". The promotion involves a guaranteed free gift with every purchase of a BPL Colour Television. The gifts include a Limited Edition football, Football Videogame Console and a Brazil Football Jersey aptly linked to the theme of the promotion. In addition, customers who purchase BPL Colour Televisions get to enter a contest with the big prize being free tickets (with an all expense paid trip) to watch Brazil play at the World Cup. Also to be won are a range of BPL products like DVD Players, VCD Players, Refrigerators and Music systems.

Thomas Cook launches travel insurance -'TravelCare'

Thomas Cook Insurance Services (I) Ltd today (May 15, 2002) launched 'TravelCare', an innovative and comprehensive Overseas Travel Insurance plan, Thomas Cook Insurance Services (I) Ltd, a wholly owned subsidiary of Thomas Cook (I) Ltd, is a licensed corporate agent for Tata AIG General Insurance Company Ltd. TravelCare issued by Thomas Cook Insurance Services (I) Ltd will be underwritten by TataAIG General Insurance Company Ltd. With the launch of TravelCare, Thomas Cook a leading travel, foreign exchange and travel related service provider, becomes the first in the travel industry to enter the Insurance segment and offer a co-branded product. Ashwin Kakkar, Chief Executive Officer and Managing Director, Thomas Cook (I) Ltd., said, "It is our constant endeavour to look ahead into the future and understand customer needs, and customise our products and services to meet their requirements. We are continuously working towards making travel an easy and memorable experience for our customers by nurturing and pre-empting their every need. Similarly, for insurance we have drawn on our experience and expertise of the travel space to design TravelCare. There is an immense growth in outbound travel, which will lead to increasing demand for personalized travel insurance plans." Besides Insurance for individuals, Thomas Cook along with Tata AIG General Insurance is planning customised travel insurance for corporates and for students going abroad for studies.

Bathina Technologies board adapts scheme of amalgamation

Bathina Technologies India Ltd has informed BSE that the following decisions have been taken in the board meeting held on May 14, 2002: 1. Board of Directors of Bathina Technologies India Ltd and Bathina Medical Information Services Ltd, after due deliberation decided to adapt the recommendations in the "Scheme of amalgamation of Bathina Medical Information Services Ltd and Bathina Technologies India Ltd". The swap ratio for the amalgamation of these two Companies is decided as 3:1 ie for every three shares of Transferor Company Bathina Medical Information Services, one share of Transferee Company Bathina Technologies India Ltd. 2. The Board of Directors for better business environment marketing opportunities and better cooperation from the relevant organisations, considered and decided to transfer the registered office of the Company from Hyderabad, the state of Andhra Pradesh to Bangalore, the state of Karnataka subject to approval of the members in the forthcoming AGM and sanction of the same by the Company Law Board. The Board has however decided to continue the Company's development centre at Cyber towers, Hyderabad 3. The Board after due deliberation, accepted the resignation of Dr B Kamaraju for both of his positions in the Company, i.e. as a Director and Executive Director and relieved him from his duties and responsibilities with immediate effect.

Cadila Healthcare FY-02 net at Rs 671.80 million

Cadila Healthcare Ltd has posted a net profit of Rs 671.80 million for financial year ended March 31, 2002 as compared to Rs 655.65 million for corresponding period last fiscal. The total income has increased from Rs 5119.40 million in FY-01 to Rs 5929.49 million in FY-02. The Board of Directors have recommended a dividend @ 70% (i.e. Rs 3.50) per equity share of Rs 5 for the year 2001-02 Net profit for FY-01 includes Rs 42.64 million on account of exceptional income.

Surat Electricity Company FY-02 net down by 10.32%

Surat Electricity Company Ltd has posted a net profit of Rs 162.55 million for financial year ended March 31, 2002 as compared to Rs 181.26 million for FY-01. The total income has increased from Rs 6286.32 million in FY-01 to Rs 6664.66 million in FY-02. The Board has recommended a dividend of Rs 3.30 per share (previous year Rs 3.30 per share) subject to approval of the shareholders.

Surat Electricity board recommends bonus issue and equity dividend

Surat Electricity Company Ltd has informed BSE that at the meeting of the Board of Directors of the Company held on May 15, 2002 it was decided to recommend Bonus Issue and Equity Dividend for the year ended March 31, 2002 as under: 1. Issue of Bonus Equity Shares in ratio of 1:1 2. Dividend at the rate of Rs 3.30 per equity share of Rs 10/- each on 46,50,948 equity shares (subject to deduction of Income Tax) The Register of members and share transfer books of the Company will remain closed from July 5, 2002 to July 19, 2002 both days inclusive.

Federal Bank Q4 net up by 6.52%, FY-02 net up by 34.35%

Federal Bank Ltd has posted a net profit of Rs 179.60 million for quarter ended March 31, 2002 as compared to Rs 168.60 million for corresponding period last fiscal. The total income has increased from Rs 2936.10 million in MQ 2001 to Rs 3179 million in MQ 2002 The Company has posted a net profit of Rs 820.10 million for FY-02 as compared to Rs 610.40 million for FY-01.The total income has increased from Rs 10442.70 million in FY-01 to Rs 12628.10 million in FY-02. The Board has recommended a dividend of 35% on equity shares subject to RBI approval.

Shriram Investments board approves issue of equity shares on preferential basis to Citicorp Finance

Shriram Investments Ltd has informed BSE that the Board of Directors of the Company at their meeting held on May 14, 2002 have approved issue of 81,80,427 Equity shares of Rs 10 each on a preferential basis, for cash at par or at such price as may be determined in accordance with SEBI Guidelines, whichever is higher to Citicorp Finance India Ltd.

Gujarat Ambuja Cements Board to consider interim dividend

Gujarat Ambuja Cements Ltd has informed BSE that the Board Meeting of the Company is scheduled to be held on May 22, 2002 to consider interim dividend on equity shares. The record date for payment of interim dividend is June 15, 2002.

ICI India FY-02 results on May 22, 2002

ICI India Ltd has informed BSE that a meeting of the Board of Directors of the Company has been convened on May 22, 2002 to consider inter alia audited financial results of the Company for the year ended March 31, 2002 and consider recommendation of dividend for the said financial year.

Tata Infotech to integrate Fortune Solutions

Fortune Informatics Ltd has informed BSE regarding a new marketing agreement with Tata Infotech Ltd., part of the Tata Group, one of India's best-known and most trusted corporate groups. This comes on the heels of prior successful strategic marketing agreements with international brands like Ricoh Malaysia, Godrej, and NRG International. Under this agreement, Tata Infotech Ltd will take forward the entire range of products under Fortune's k-Click™ suite worldwide. This tie up further strengthens Fortune's position as a leading Document and Output Management software vendor and is yet another feather in the cap for its new business model, as this tie up will result in a significant increase in revenue. "Imaging solutions contribute significantly to the revenue realization of the organisation and offering Document Management solutions is a logical extension of this business activity. This marketing arrangement will provide us with new markets and fresh revenue opportunities for the coming fiscal" said Anand Rao: Head-Imaging: Tata Infotech Ltd. Fortune's Investment in quality research and development is showing rapid and significant results with its recent tie-ups with Ricoh Singapore, NRG International UK, Godrej & Boyce India and Ricoh Malaysia, leading to the opening up of the international market to its products. C K Shastri MD Fortune Informatics states, "This tie up is an important shot in the arm for Fortune's business. Tata Infotech Ltd is a major ERP solutions provider and their skill and domain knowledge in implementing solutions like BAAN and Oracle Financials, provide us with an excellent opportunity to integrate our ReportSuite with these platforms."

Finolex Cables FY-02 results on May 25, 2002

A meeting of the Board of Directors of Finolex Cables Ltd is scheduled to be held on May 25, 2002 to take on record the Audited Financial Results for the year ended on March 31, 2002, consider recommendation of Dividend for the said year.

BSE imposes Special Margin on Emco

BSE has informed the members of the exchange that Special Margin of 25% has been imposed on Emco Ltd with effect from today (May 15, 2002). Special margins will be imposed on the basis of memberwise gross purchase or sale position (Clientwise net).

Continental Coffee Board to consider reissue of forfeited Equity Shares

Continental Coffee Ltd has informed BSE that the meeting of the Board of Directors of the Company will be held on May 22, 2002 to consider re-issue of 7,66,000 forfeited Equity Shares.