Rolta India shareholders approve declaration of 27.50% Dividend for FY-01

Rolta India Ltd has informed BSE that at the 11th Annual General Meeting held on June 6, 2001 following resolution were passed unanimously 1. Ordinary Resolution regarding adoption of Audited Accounts and Reports of the Board of Directors and Auditors thereon. 2. Ordinary Resolution regarding declaration of Dividend for the financial year ending December 31, 2000 @ 27.5% 3. Ordinary Resolution regarding reappointment of retiring Director Mr K R Modi 4. Ordinary Resolution regarding reappointment of retiring Director Mrs Aruna K Singh

Bank of India fixes book closure for the purpose of AGM

Bank of India has informed BSE that the Bank has fixed the period from July 6, 2001 to July 16, 2001 as the Book Closure for the purpose of Annual General Meeting.

Indian Hotels Director resigns

Indian Hotels Company Ltd has informed BSE that Mr Nimesh Kampani has resigned from the Board of Directors of the Company with effect from June 4, 2001.

Extra-Ordinary Income helps ICI India post 7.74% rise in net profit for FY-01

ICI India Ltd has posted a net profit of Rs 691.20 million for the year ended March 31, 2001as compared to Rs 641.50 million for the previous year ended March 31, 2001. Total Income for FY-01 is higher at Rs 7534.30 million as compared to Rs 8050.10 million for FY-00. The Company has posted a net profit after tax of Rs 227.10 million as compared to Rs 471.20 million for previous year. Extra-Ordinary income of Rs 464.10 million mainly consist of profit of Rs 419 million from divestment of Polyurethane business and Rs 213 million from disposal of surplus properties offset by provision for voluntary retirement payouts of Rs 84 million and asset write-down and restructuring expenses for the Rubber Chemicals business at Rishra of Rs 73 million. The Company has also reported significant reduction in the interest charge from Rs 161 million to Rs 35 million. Explosive Business has been transferred to Indian Explosive Ltd, subsidiary of the Company on 29th September 1999.Hence figures for the year are not comparable with those of previous year. The Board of Directors of the Company has recommended a dividend of Rs 5.50 per share.

Tata Elxsi Director resigns

Tata Elxsi Ltd has informed BSE that Mr D S Pendse has resigned from the Board of Directors of the Company with effect from June 1, 2001.

GNFC fixes Book Closure for the purpose of Dividend

Gujarat Narmada Valley Fertilizers Company Ltd has informed BSE that the Company has fixed the period from August 01, 2001 to August 14, 2001as the Book Closure for the purpose of taking record of the shareholders for the payment of Dividend of Rs 2.70 per share on 146,476,214 fully paid equity shares.

Wartsila India considering integration of O&M business of Womin

The Board of Directors of Wartsila India Ltd at their meeting held today (June 6, 2001) discussed the possibility of integrating the Operations & Maintenance operations of Wartsila Operations & Maintenance India Ltd (Womin) with the company. This integration is in line with the global strategy of the Wartsila group to integrate the O&M operations with the after sales division. Further the Board has also authorized Mr Pradeep Mallick & Mr Amish Mehta VP (Finance) & Company Secretary of Wartsila India Ltd, to consider the various options to achieve the above integration, examine the tax and regulatory implications thereof etc.

BPCL Board approves VRS scheme

Bharat Petroleum Corporation Ltd has informed BSE that the Board of Directors of the Company has in principle approved a Voluntary Retirement Scheme (VRS) for its employees at the Board meeting held today (June 6, 2001). Accordingly, the BPCL management proposes to introduce the scheme in the Corporation at an appropriate time.

Tata Tea FY-01 results on June 19, 2001

A meeting of the Board of Directors of Tata Tea Ltd is scheduled to be held on June 19, 2001 to consider and approve the audited annual accounts of the Company for the year ended March 31, 2001 and also consider the recommendation of Dividend, if any.

BPCL Q4 net up by 3.55%, FY-01 net up by 16.50%

Bharat Petroleum Corporation Ltd has posted a net profit of Rs 1600 million for the quarter ended March 31, 2001 as compared to Rs 1545 million for the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 127600 million as compared to Rs 107864 million for the quarter ended March 31, 2000. Net Profit for the year ended March 31, 2001 is at Rs 8201 million as compared to Rs 7039 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 462324 million as against Rs 335329 million reported last year. The Directors has decided to pay an interim dividend of Rs 4 per share. 11th July 2001 is fixed as the record date for deciding the entitlement of the shareholders. The Directors has also recommended a final dividend of Rs 3.50 per share. The total dividend works out to 75% on enhanced equity as against 125% on pre bonus equity during the previous year.

Bank of India FY-01 net up by 45.74%

Bank of India has posted a net profit of Rs 2518.80 million for the year ended March 31, 2001 as compared to Rs 1728.20 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 61787.80 million as compared to Rs 56225.30 million reported last year. The Board of Directors of the Bank has recommended a dividend of 15% on the paid up capital for the year ended March 31, 2001.

Madras Cements FY-01 net profit up by 20.33%

Madras Cements Ltd has posted a net profit of Rs 484 million for the year ended March 31, 2001 as compared to Rs 402.20 million in the corresponding period last fiscal. Total Income for the year ended March 31, 2001 is at Rs 6208.29 million as against Rs 5190 million in FY-00. The Board of Directors of the company has declared a dividend of 55% on the equity shares for the year ended March 31, 2001.

Tata Infotech FY-01 net up by 117.54%

Tata Infotech Ltd has posted a net profit of Rs 265.40 million for the year ended March 31, 2001 as compared to Rs 122 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 5236.20 million as compared to Rs 4323.10 million for the previous year ended March 31, 2000. The Company has reported that its operations have continued to improve every quarter of this financial year. Total Income from operations for the year grew by 21% and the growth in income and profits has been driven primarily by the overseas business. The Board of Directors of the Company has recommended a Dividend of 60% (99-00 -35% subject to the approval of the shareholders at the forthcoming Annual General Meeting.

IFCI to mobilise funds through private placement

Kotak Mahindra Capital Company has informed BSE that Industrial Finance Corporation of India Ltd (IFCI) has given them the mandate to mobilise funds through a private placement issue of bonds. The issue size is Rs 500 million. The issue is for a period of three years. The aforesaid issue has been rated as A+ by Care & AA- by Fitch Ratings India Pvt Ltd.

BPL FY-01 results on June 15, 2001

A meeting of the Board of Directors of BPL Ltd is scheduled to be held on June 15, 2001 to consider and approve the audited accounts of the Company for the year ended March 31, 2001. The aforesaid meeting will also consider the recommendation of dividend, if any, for the same period.

Tata Infomedia Board to consider Bonus issue

Tata Infomedia Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled to be held on June 14, 2001 to consider the issue of bonus shares. At the aforesaid meeting, the Board will also consider and approve the financial results of the Company for the year ended March 31, 2001 and shall also consider the recommendation of dividend for the financial year 2000-01. Further, the 46th Annual General Meeting of the Company is scheduled to be held on July 31, 2001 at Mumbai.

Corporation Bank Board approves MOU with LIC

Corporation Bank has informed BSE that the Board of Directors of the Bank at its meeting held today (June 06, 2001) has taken the following decisions: 1. To enter into MOU with Life Insurance Corporation of India (LIC). The MOU, interalia, covers the selling of the insurance products of LIC and Bank assurance products as Corporate Agent, subject to various regulatory approvals. 2. Preferential allotment of 24 million equity shares of Rs 10 each to LIC at a price to be decided, subject to the approval from the Central Government, Reserve Bank of India and the shareholders.

Corporation Bank Q4 net down by 17.61%, FY-01 net up by 12.64%

Corporation Bank has posted a net profit of Rs 453.30 million for the quarter ended March 31, 2001 as compared to Rs 550.20 million for the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 5636.90 million as against Rs 5070.80 million for the quarter ended March 31, 2000. The Bank has posted a higher net profit of Rs 2618.40 million for the current year ended March 31, 2001 as compared to Rs 2324.40 million for the year ended March 31, 2000. Total Income for FY-01 is at Rs 20966.30 million as compared to Rs 18752 million for FY-00. The Board of Directors of the Bank has proposed a Dividend of 40% for the year 2000-2001 subject to the approval of RBI.

Reliance Petro's NCD rating revised

Reliance Petroleum Ltd has informed BSE that CRISIL has upgraded its rating in respect of Company's Rs.10 bn. NCDs from AA to AA+.

BSE imposes 25% Special Margin on Ravalgaon Sugar

BSE has informed members of the exchange that Special Margin of 25% in the under mentioned scrip has been imposed with effect from today (June 6, 2001) Code Name Group 7300 RAVALGAON SUGAR FARMS LTD B1

Infosys expands relationship with Toshiba to build business information infrastructure

Infosys Technologies Ltd. has announced today (June 6, 2001) the expansion of its relationship with Toshiba Corporation, to build the information infrastructure for Toshiba's global operations across many lines of business. The Infosys-Toshiba relationship started in Japan in 1998 and has since expanded to Toshiba's operations across USA, Australia, Germany, France, Malaysia, UK and Singapore. Infosys has provided Toshiba with a dedicated team for the architecture and implementation of large and mission-critical business initiatives. Infosys is a key partner for systems integration and provides robust business technology mapping capabilities, strong process orientation and high quality implementation skills. "We are happy with the value addition Infosys has brought to Toshiba. Their expertise and devotion to the work have brought tangible benefits to the Company. Their strong process orientation along with domain knowledge and experience in working across geographic boundaries helps Toshiba implement its strategic IT roadmap across different worldwide businesses. We look forward to a long term relationship with Infosys," said Kyosuke Tsuruta, General Manager, Toshiba Information Systems Center. "Infosys is excited about the relationship with Toshiba across many countries and adding value to its various businesses and engagements. Toshiba is at the cutting edge of the world's electronics industry, and as business technologists, we will leverage IT to be a competitive advantage for them," said Phaneesh Murthy, Member of Board, Infosys Technologies. "Infosys and Toshiba have a long-standing relationship in Japan and we have been able to extend this to a global partnership through continued demonstration of value in our services. As we move ahead, Infosys will continue to deliver high-quality and aggressive time to market solutions for Toshiba," said V Sriram, Associate Vice President and Head of Business Development, Asia-Pacific, Infosys Technologies. According to B G Srinivas, Associate Vice President and Head of Enterprise Solutions, Infosys Technologies, "Infosys is assisting Toshiba analyse its business-critical systems and chart out a clear path to make these solutions more robust and to support growing business demands. The partnership will not only help Toshiba build its business information infrastructure for the future, but also address its current IT needs."

Infosys, American Express, Tibco Software, and Westbridge create new Company, Workadia, L.L.C.

Infosys Technologies Ltd, American Express Company, Tibco Software Inc. and WestBridge Capital Partners have announced the creation of a new company, Workadia, L.L.C. Workadia will provide Companies with comprehensive customizable business intranets through browser accessed hosted portals. The Company will also offer consulting services to help customers select and deploy their intranet applications, content and services. Workadia's solutions are designed to increase productivity by giving employees the ability to conduct business online, and its hosted model is designed to decrease the total cost of ownership and deployment of intranet applications. The portals will let Companies select hosted and in-house software applications, content and services and then integrate them into a single desktop view. Workadia will integrate systems and automate business processes, allowing real-time information to flow between the portal and internal enterprise systems. Additionally, Workadia will offer a wide range of software applications, online services, content and information, including: financial services, e-mail, expense reporting, corporate travel, news, stock quotes and more. Workadia will focus initially on U.S. companies in need of a complete business intranet service. Many of Workadia's initial target customers will be middle market companies or companies that want to outsource business activities. Over time, Workadia plans to expand its scope internationally. The new company will leverage the experience of American Express, TIBCO Software, Infosys, and WestBridge Capital Partners to provide superior customer service and marketing, portal development, and technology integration. American Express is a global leader in servicing companies of all sizes in a variety of areas, from Corporate Cards to hosted business travel applications, and has relationships with thousands of business customers. TIBCO Software will provide its real-time e-business infrastructure software, which is used by companies such as AOL/Netscape, Ameritrade and Enron. Infosys, whose core experience is in software development and integration of enterprises, will provide the services to seamlessly link the systems of the new and existing applications for each Workadia customer. WestBridge Capital Partners is a leading U.S.-India focused venture capital firm that will held Workadia with various start-up activities, including recruiting-of the management team. "There is an enormous, growing need for this type of services. This need, combined with the potential to draw customers from the American Express customer base, should give Workadia a leg-up in capturing market share," said Sally Hudson, Research Manager, Internet Infrastructure Services at IDC, a market research company based in Framingham, MA. "This partnership and technology combination shows that Workadia has a fundamental understanding of what it takes to create a successful e-business."

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