Hind. Lever & Int. Bestfoods to formalise joint selling agreement

Hindustan Lever Limited (HLL) and International Bestfoods Limited (IBL) are formalising a Joint Selling Agreement between the two, with effect from January 1, 2001 to realise synergies and create a win-win situation between the two. As per the agreement IBL's employees in the sales and distribution stream will become employees of HLL on their existing terms and conditions of employment. The combined sales force will distribute the full range of products of both the companies in an equitable manner to both sets of shareholders and companies. Apart from this joint selling agreement, IBL continues to be a separate fiscal and legal entity.

LCC Infotech Board decides to issue shares on preferential basis

The Board of Directors of LCC Infotech Ltd. has decided to issue 4.50 million equity share warrants Series - C. These equity share warrants will be issued to the promoters of the Company on preferential basis, subject to necessary approvals. Extraordinary General Meeting of the Company will be held on January 31, 2001.

Thames Water selects Wipro Technologies as Strategic Outsourcing partner

Thames Water, the largest Water and wastewater service provider of UK has announced today (January 08, 2001) that it has selected Wipro Technologies as a key strategic outsourcing partner for application development, support and maintenance of its IS applications. Thames Water selected Wipro Technologies after an exhaustive global tendering process with participation from server all leading IT vendors. According to Jim Brown Head of IS at Thames Water, " This type of service offering, including an offshore facility is a new venture for Thames Water. We have been looking at this service model for some time. The quality accreditation, technical capability and enthusiasm of all the Wipro staff were significant factors in our selection process. There are challenging and exciting times ahead as Wipro and ourselves foster strong working relationships to support the Thames Water business into the near future". Wipro will provide these consulting and implementation services to Thames Water in its transformation to a customer led business, and as part of the partnership, Wipro will undertake complete ownership of specific IS applications supported through its global distributed development centers. Wipro Utilities division has been working with some of the leading utilities in the US and UK, helping them meet the challenges of de-regulation and of the New Economy. A similar relationship with BG-Transco, a leading utility provider in the UK, has resulted in Wipro being awarded the "Best Vendor" accolade for the RGIA Project. This project has also been awarded the "IT initiative of the Year" award from the Utility Congress in December 1999.

J K Pharmachem Cuddalore factory lockout lifted

J K Pharmachem Ltd has informed BSE that the lockout of the factory situated at Sipcot Industrial Complex, Cuddalore has been lifted from January 08, 2001. A settlement has been signed with the union of the workmen.

Hero Honda Q3 results on Jan 16, 2001

A meeting of the Board of Directors of Hero Honda Motors Ltd is scheduled to be held on January 16, 2001 to consider the unaudited financial results for the quarter ended December 31, 2000.

Satyam Q3 net up by 141.82%, Sales up by 84.82%

Satyam Computer Services Ltd has posted a net profit of Rs 875.09 million for the quarter ended December 31, 2000 as compared to Rs 361.87 million in the corresponding period last fiscal. Total Income has increased from Rs 1778.88 million in DQ 99 to Rs 3327.82 million in DQ 2000. The Other Income of Rs. 52.17 million for the quarter ended December 31, 2000 includes an amount of Rs.49.30 million from realised and unrealised gains due to foreign currency fluctuation The total manpower strength as on December 31, 2000 stood at 8,141 associates as against 7,048 associates as on September 30, 2000 signifying an increase of 1093 associates. The number of technical associates increased by 1068 to close the quarter at 7427 (6359 associated as on September 30, 2000).

Morepen Lab Q3 net up by 76.80%

Morepen Laboratories Ltd has posted a net profit of Rs 221/- million for the quarter ended December 31, 2000 as compared to Rs 125/- million in DQ 99. Total Income has increased from Rs 847/- million in the quarter ended December 31, 99 to Rs 1112/- million in the quarter ended December 31, 2000. Mr Arun Suri has been appointed as Additional Director of the Company.

Global Tele to consider issue of shares to shareholders of Fine Infotech

A meeting of the Board of Directors of Global Tele-Systems Ltd is scheduled to be held on January 09, 2001 to consider and approve issue and allotment of 50,000 equity shares of Rs 10/- each of the Company to the shareholders of Fine Infotech Limited (FIL). The allotment of shares will be against full purchase consideration for the entire equity shares of FIL agreed to be transferred by the said shareholders in favour of Global Tele-Systems Ltd in terms of the Scheme of Acquisition of business of the said company.

Crest Comm. Board to consider issue of shares on preferential basis

The Board of Directors of Crest Communications Ltd will meet on January 16, 2001 to consider inter-alia the following matters: 1.Issue of shares, on preferential basis in accordance with SEBI Guidelines, to :- (a)Magnum Trust, an OCB (b)Employees of the Company under Employees Stock Options Scheme. 2.Conversion of Un-subscribed Preference Shares into Equity Shares.

Asian Paints Q3 results on Jan 31, 2001

The Board of Directors of Asian Paints (India) Ltd will meet on January 31, 2001 to take on record the unaudited results for the quarter ended December 31, 2000.

Sun Pharma Q3 results on Jan 16, 2001

The meeting of the Board of Directors of Sun Pharmaceutical Industries Ltd is scheduled to be held on January 16, 2001 to take on record the unaudited financial results of the Company for the quarter ended December 31, 2000.

California Software DQ 2000 net up by 117.32%

California Software Co. Ltd has posted a net profit of Rs 11.56 million for the quarter ended December 31, 2000 as against Rs 5.32 million in the quarter ended December 31, 1999. Net sales for DQ 2000 increased to Rs 95.45 million from Rs 37.19 million in DQ 1999. Other income stood at Rs 3.79 million in the quarter ended December 31, 2000 as against Rs 1.47 million in the corresponding period last year. The Company has recently launched in India its Business to Business trading product. Named Ebiz Market Server this product is a powerful integrated framework that would enable companies to do business on the web, thus reducing transaction costs, enhance sales and distribution process, deliver value added services and streamline customer and vendor management.

TISCO DQ 2000 results on January 16, 2001

A meeting of the Board of Directors of Tata Iron & Steel Company Ltd (TISCO)is scheduled to be held on January 16, 2001 to consider the unaudited results of the Company for the quarter ended December 31, 2000.

Bank of Rajasthan to convert warrants at Rs.10/- per share

Bank of Rajasthan has informed BSE that the Board of Directors of the Company, at its meeting held on January 06, 2001 has decided to convert the warrants into shares at a price of Rs.10/- per share. In this regard, Extra-ordinary General Meeting has been convened on February 06, 2001 at Mumbai. The issue will open on February 20, 2001 and will close on March 21, 2001.

L & T Q3 results on Jan 30, 2001

A meeting of the Board of Directors of Larsen & Toubro Ltd will be held on January 30, 2001 to consider and take on record the unaudited results of the Company for the quarter ended December 31, 2000.

German Remedies Q3 results on Jan 30, 2001

A meeting of the Board of Directors of German Remedies Ltd is scheduled to be held on January 30, 2001 to consider and take on record the Unaudited Financial Results for the quarter ended December 31, 2000.

Trading in Sawaca Finance resumes

BSE has informed its members that the trading has resumed in the scrip of Sawaca Finance Ltd on trade-to-trade settlement basis in the normal trading window from January 08, 2001. The settlement of the trades done in the scrip of the Company will be done as per the existing settlement practice of Odd Lot Group, i.e. 'C' Group. BSE had suspended the trading in Sawaca Finance Ltd from January 10, 2000.

BSE fixes Rs 57.45 as base price for KPIT Systems

BSE has fixed Rs 57.45 as the base price of the equity shares of KPIT Systems Ltd for trading at BSE. The normal circuit filter of 8% will be made applicable on this price. The scrip is being traded on BSE from today (January 8, 2001).

Tamilnadu Tele workers resume work

Tamilnadu Telecommunications Ltd has informed BSE that the 16 day old illegal strike launched by the Recognised Non-Executive Union of the Company from December 21, 2000 for the settlement of their demands has been called off. The normalcy in the operations of the factory has since been restored with effect from January 06, 2001.

M & M Q3 results on Jan 30, 2001

A meeting of the Board of Directors of Mahindra & Mahindra Ltd is scheduled to be held on January 30, 2001 to consider and take on record the Unaudited Financial Results for the third quarter ended December 31, 2000.

Crompton Greaves Q3 results on Jan 22, 2001

A meeting of the Board of Directors of Crompton Greaves Ltd is scheduled to be held on January 22, 2000 to consider and take on record the financial results for the quarter and nine months ended December 31, 2000.

Chemfab Chlorates to amalgamate with Chemfab Alkalis

The Board of Directors of Chemfab Alkalis Ltd, at its meeting held on January 06, 2001 has decided to amalgamate Chemfab Chlorates Ltd (CCL) with the Company. The Company will make an application to the Honourable High Court of Madras in connection with the same. The Company also proposes to call an EGM to complete the formalities, after obtaining Court approval and other statutory approvals.

Telco denies Maruti stake story

With reference to the news item appeared in the financial daily "Tatas emerge as dark horse in the race for Maruti Stake", Tata Engineering & Locomotive Co. Ltd. (TELCO) has informed BSE that the report is obviously speculative and no comment is possible on such speculative press reports or market rumors. The Company has also stated that there has been no formal announcement by the Government on the issue of divesting its stake in Maruti Udyog Limited.

ITC Q3 results on Jan 17, 2001

A meeting of the Board of Directors of ITC Ltd is scheduled to be held on January 17, 2001 to consider and take on record the unaudited financial results of the Company for the quarter ended December 31, 2000.

ICICI Bank Q3 results on Jan 23, 2001

A meeting of the Board of Directors of ICICI Bank Ltd is scheduled to be held on January 23, 2001 to consider and take on record the unaudited financial accounts for the third quarter ended December 31, 2000.

Bank of Baroda Q3 results on Jan 24, 2001

The meeting of the Board of Directors of Bank of Baroda is scheduled to be held on January 24, 2001 to consider and take on record the unaudited financial results of the Bank for the third quarter ended December 31, 2000.

Sterlite Optical DQ 2000 net profit up by 100.94%

Sterlite Optical Technologies Ltd has reported a net profit of Rs.894.60 million in the quarter ended December 31, 2000 as against Rs.445.20 million for the same quarter in the corresponding previous fiscal. Net Sales increased from Rs.2293.60 million in DQ 99 to Rs.3222.20 million in DQ 2000; up by 40.49%. Other Income is Rs.39.20 million in DQ 2000 as against Rs. 11.60 million in DQ 99. The Company has shown a rise in Export Sales from Rs. 18.20 million in DQ 99 to Rs. 1230.50 million in the current quarter. During the quarter, sales revenues of optical fibre and optical fibre cables accounted for 62% of the total sales of the Company compared to 30% in the corresponding quarter of the previous year.

Hughes Software DQ 2000 net up by 28.49%

Hughes Software Systems Ltd has posted a net profit of Rs 184/- million for the quarter ended December 31, 2000 as against Rs 143.20 million in the quarter ended December 31, 1999. Net sales for DQ 2000 stood at Rs 563.30 million as against Rs 303.10 million in DQ 1999. Other income increased to Rs 26/- million in the quarter ended December 31, 2000 from Rs 5.50 million in the corresponding period last year. During the quarter, the paid up equity capital of the Company has increased from Rs 167.09 million to Rs 167.11 million as a result of allotment of 3940 equity shares to eligible employees under the Employees Stock Offer Plan Scheme of the Company.

Global Trust Bank Q3 net up by 23.31%

Global Trust Bank Ltd has posted a net profit of Rs 344.40 million for the quarter ended December 31, 2000 as against Rs 279.30 million in the quarter ended December 31, 1999. Interest income from operations for DQ 2000 stood at Rs 2058.10 million as compared to Rs 1494.40 million in DQ 1999. Other income increased to Rs 675.10 million in the quarter ended December 31, 2000 from Rs 479.70 million in the corresponding period previous year.

Pentamedia Graphics Q3 results on Jan 12, 2001

The meeting of the Board of Directors of Pentamedia Graphics Ltd is scheduled to held on January 12, 2001 to consider the financial results for the third quarter ended December 31, 2000.

Hughes Software & Ericsson Ahead to develop Broadband Network Management software

Hughes Software Systems Ltd (HSS) and Ericsson Ahead Communication Systems (Aheadcom), have announced the setting up of a Dedicated Development Facility (DDF) at Gurgaon for developing software for the next generation access infrastructure on January 04, 2001. The DDF will develop embedded and host-based software solutions to power Aheadcom's DSL based Broadband network solutions. Aheadcom's networks will integrate HSS solutions, which include access protocols, access network software as well as embedded solutions for network management. "HSS is sharply focussed on cutting edge software offerings for the Convergence and Third Generation Networks markets. The Ericsson Ahead Communications DDF will create value for service providers by providing next generation access infrastructure for supporting many more customer applications and access requirements", said Arun Kumar, President and Managing Director, HSS while announcing the strategic partnership.

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