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| Mascot Systems consolidates Indian offshore development infrastructure |
Mascot Systems Ltd. has today (July 17, 2001) announced that it has initiated plans to consolidate its Indian offshore development operations to its two development centers located at Bangalore and one at Chennai. In the previous quarter, Mascot had inaugurated a 35,000 square feet development center adjacent its existing Bangalore facility. The center is now fully operational and can accommodate 350 software developers and provides simultaneous training facilities for about 100 people.
This move, which will result in synergistic consolidation of facilities, is part of Mascot Systems' ongoing efforts to enhance efficiency of capital employed leading to optimal utilisation of available infrastructure. Mascot's Chennai and Bangalore centres have the capacity required to achieve the significant growth in offshore business that Mascot is targeting this fiscal year.
As a result of this consolidation, employees from Pune will relocated to Chennai, Bangalore or other worldwide locations of Mascot Systems.
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| Smithkline Pharma Q2 result date rescheduled to July 25, 2001 |
| Smithkline Beecham Pharmaceuticals (I) Ltd has informed BSE that the meeting of the Board of Directors of the Company scheduled to be held on July 27, 2001 to consider the approval of unaudited financial results for the quarter ended June 30, 2001 has now been rescheduled to July 25, 2001.
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| Novartis India Q1 results on July 27, 2001 |
| A meeting of the Board of Directors of Novartis India Ltd will be held on July 27, 2001 to consider the unaudited financial results of the Company for the first quarter ended June 30, 2001.
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| United Phosphorus Q1 results on July 30, 2001 |
| A meeting of the Board of Directors of United Phosphorus Ltd will be held on July 30, 2001 to consider the unaudited financial results of the Company for the quarter ended June 30, 2001.
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| HPCL Q1 results on July 30, 2001
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| A meeting of the Board of Directors of Hindustan Petroleum Corporation Ltd will be held on July 30, 2001 to consider the unaudited financial results of the Corporation for the quarter ended June 30, 2001.
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| Silverline Tech & Panama Tech partner to offer complete B2B transaction management systems |
Silverline Technologies Ltd and Panama Tech, a provider of outsourced business-to-business integration and transaction management services, announced today (July 17,2001) that the two companies will partner to pursue joint projects with clients, who wish to complete business transactions electronically.
In today's world of B2B integration with trading partners and multiple public and private eMarketplaces, it can be costly and risky to design and implement the necessary linkages to integrate system-to-system transaction processing. Furthermore effective linkages need to be made with both internal and external systems- not only with the eMarkets, but also with the clients ERP or legacy systems and those of their trading partners. The Panama Tech-Silverline partnership addresses this issue by combining an efficient business-to-business infrastructure with cost-effective implementation and integration services.
Panama Tech has created the infrastructure necessary to provide primarily small to mid-sized companies with state-of-the-art transaction management services utilizing the XML format and webMethods software. The Companies will leverage Silverline's eBusiness consulting and integration services and PanamaTech's technology infrastructure, implementation methodologies and ongoing transaction and management services to help clients quickly and efficiently deploy a means of conducting business- electronically over the internet-with suppliers, customers and trading partners.
Panama Tech and Silverline are currently engaged with a Fortune 500 firm to implement a unified business-to-business transaction system that links the client's internal sales order and purchase order systems, via Panama Tech, to their various suppliers and customers.
By working together, the two firms are able to complement each other's offerings and provide additional value added services to their clients.
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| Bank of Baroda Q1 results on July 26, 2001 |
| A meeting of the Board of Directors of Bank of Baroda is scheduled to be held on July 26, 2001 to consider the unaudited financial results of the Bank for the quarter ended June 30, 2001.
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| LIC Housing Finance Q1 results on July 26, 2001 |
| A meeting of the Board of Directors of LIC Housing Finance Ltd is scheduled to be held on July 26, 2001 to consider the Unaudited Financial Results of the Company for the quarter ended June 30, 2001.
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Housing Development Finance Corporation Ltd has posted a net profit of Rs 1140.60 million for the quarter ended June 30, 2001 as against Rs 956.40 million for the corresponding period last fiscal. Income from operations have grown by 14.62%, from Rs 5523.20 million in the quarter ended June 30, 2000 to Rs 6330.70 million in the quarter ended June 30, 2001. Other Income stands at Rs 9 million in JQ 2001 as against Rs 3.60 million in JQ 2000.
Approvals during the three-month period ended June 30, 2001 aggregated to Rs. 15931.20 million as compared to Rs. 12059.70 million during the corresponding period in the previous year - representing an increase of 32%. Disbursements during this period amounted to Rs 12254.30 million as compared to Rs 9376.20 million during the corresponding period in the previous year - representing an increase of 31%.
Approvals and disbursements in respect of individual loans were higher by 39% and 41% respectively, as compared to the corresponding period in the previous year.
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| Global Tele Q1 results on July 20, 2001 |
| A meeting of the Board of Directors of Global Tele-Systems Ltd has been convened on July 20, 2001 to consider inter-alia and approve the audited financial results for the quarter ended June 30, 2001.
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| Carrier Aircon Q1 results on July 24, 2001 |
| A meeting of the Board of Directors of Carrier Aircon Ltd is scheduled to be held on July 24, 2001 to consider and take on record the Unaudited Financial Results of the Company for the first quarter ended June 30, 2001. |
| Thomas Cook Q2 results on July 26, 2001 |
| A meeting of the Board of Directors of Thomas Cook (I) Ltd is scheduled to be held on July 26, 2001 to consider the Unaudited Financial results for the second quarter and half year ended on June 30, 2001. |
| DSQ Software JQ 2001 results on July 25, 2001 |
| A meeting of the Board of Directors of DSQ Software Ltd is scheduled to be held on July 25, 2001 to consider the unaudited results of the Company for the quarter ended June 30, 2001. |
| Jindal Vijaynagar Steel clarifies on news article |
| With reference to the news article appearing in a leading financial daily titled " Jindals buying Tractebel stake" Jindal Vijaynagar Steel Ltd (JVSL) has informed BSE that the Company is not acquiring any additional holding in excess of 50% already held by them. Further, it has also been clarified that the Jindals are in negotiation with Tractebel to buy their stake with no further investment from JVSL.
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| DSQ Software appoints new Company Secretary |
| DSQ Software Ltd has informed BSE that Mr K V Om Prakash , a qualified Company Secretary has been appointed as Company Secretary with effect from July 09, 2001 and he is also the compliance officer of the company.
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| Hoechst Marion Q2 results on July 30, 2001 |
Hoechst Marion Roussel Ltd has informed BSE that the meeting of the Board of Directors will be held on July 30, 2001 for the following agenda:
1) Taking on record the Unaudited Financial Results for the quarter ended 30th June 2001.
2) Approving the results for the half year ended 30th June 2001.
3) Considering the question of declaring an Interim Dividend for the current financial year ending on 31st December 2001.
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| Titan Industries clarifies on news article |
With reference to the news article appearing in a leading financial daily titled " Beijing Enterprises mulls tie-up with Titan" Titan Industries Ltd has informed BSE that Beijing Enterprises Holdings (BEH) have developed a new technology for surface coating by a process which could result in economies in the final surface treatment of watches, prior to gold plating. The Company has further informed that it is in the process of studying and exploring the possibility of either importing equipment or buying technology for in-house use in the watch division of the Company.
The Company has further informed that no decision has yet been taken and there has been no plan for any kind of 'joint venture'. The Company is not aware whether BEH are in discussion with any other parties for possible joint ventures in India.
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| Essel Group Promoters place 5 million shares of Zee Tele with a US based Institutional Investor
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The Promoters of Zee Telefilms Ltd (ZTL) have been discharging their liabilities of Rs 2200 million towards ZTL in staggered manner. They had promised to return entire Rs 2200 million by 30th June, 2001. However they could return only Rs 600 million by June, 2001. They have now placed 5 million of their personal shares with a US based institutional investor, the proceeds of which will be paid back to ZTL upon settlement. This amount will reduce the promoters liabilities further.
The Institutional Investor who has purchased these shares of 50,00,000 is a long term investor in Zee Telefilms Ltd.
"We are committed to return the full amount with interest at the earliest possible time" said Mr. A.C. Saha, President, Corporate Finance, Essel Group of Companies.
"Placement of these shares is a testimony of the promoters' commitment to fulfill their obligation despite the share price of Zee Telefilms Ltd. being very low", he added.
"We are happy to have as our shareholder, an institutional investor who has a long-term perspective about the Company's future prospect and growth" said Essel Group spokesperson
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| Atlas Copco Board to consider Q2 results, restructuring proposal on July 25, 2001 |
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A meeting of the Board of Directors of Atlas Copco (India) Ltd is scheduled to be held on July 25, 2001 to consider and take on record the un-audited financial results of the Company for the quarter ended June 30, 2001. The aforesaid meeting will also consider and approve the proposed restructuring of Pneumatic Tools manufacturing capacities.
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| Aztec Software Q1 net up by 33.77% |
| Aztec Software and Technology Services Ltd has posted a net profit of Rs 60.60 million for the quarter ended June 30, 2001as against Rs 45.30 million for the quarter ended June 30, 2000. Total Income for the quarter ended June 30, 2001 is at Rs 263.20 million as compared to Rs 138.20 million in JQ 2000.
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| BOI shareholders approve return of equity capital to Central Govt |
| Bank of India has informed BSE that the shareholders of the Bank have at the 5th Annual General Meeting of the Bank held on July 16, 2001 approved the resolution enabling the Bank to return Equity Capital to the Central Government to the extent of Rs 3000 million or such other sum as may be approved by the Central Government, Reserve Bank of India and other statutory authorities pursuant to a decision in this regard made at the meeting of the Board of Directors of the Bank held on June 6, 2001.
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| Videocon International Q1 results on July 30, 2001 |
A meeting of the Board of Directors of Videocon International Ltd is scheduled to be held on July 30, 2001 to transact the following business:
1. To consider the Balance Sheet as on March 31, 2001 and the Profit and Loss Account for the same year ended on the same date.
2. To recommended a Dividend to be declared at the ensuing Annual General Meeting.
3. To announce the Closure of Register of Members and the Share Transfer Books for the purpose of Annual General Meeting.
4. To consider the unaudited financial results for the quarter ended June 30, 2001.
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| Palace Height Hotel Board approves issue of shares on private placement basis |
| Palace Height Hotel Ltd has informed BSE that the Board of Directors of the company has approved the issue of 71,40,000 equity shares on Private Preferential basis on price as per SEBI guidelines and the said resolution under Section 81(1A) is placed before the shareholders in the ensuing AGM.
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| Compudyne Winfo Board allots shares to Santa Monica Studios |
| Compudyne Winfosystems Ltd has informed BSE that the Board of Directors of the company has allotted 5,68,485 equity shares of Rs.10 each of the company at a premium of Rs.155 per share on a preferential allotment basis to Santa Monica Studios, a California Corporation U S for a consideration other than cash towards part purchase price of assets in their meeting held on July 12, 2001.
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