Swil Board allots shares to Debenture holders on conversion basis

The Board of Directors of Swil Ltd, at its meeting held today (June 7, 2001) has allotted 10,42,06,550 equity shares of Rs. 10 each to the Debentureholders of the Company pursuant to conversion of 1,04,20,655 - 17.5% FCDs into equity shares in the proportion of 10 equity shares of Rs. 10 each against 1 fully convertible debenture of Rs. 100. Consequent upon the aforesaid allotment, the debenture certificates hitherto issued to the Debentureholders, now stand cancelled.

Tata Infotech Director resigns

Tata Infotech Ltd has informed BSE that Mr. N.N.Kampani, Director of the company has resigned from the Board of Directors of the Company.

ONGC Q4 net up by 50.09%, FY-01 net up by 44.06%

Oil and Natural Gas Corporation Ltd has posted a net profit of Rs 12914.50 million for the quarter ended March 31, 2001 as compared to Rs 8604.50 million for the corresponding period last year. Total Income for the quarter ended March 31, 2001 is at Rs 67635.70 million as compared to Rs 60231.90 million for the quarter ended March 31, 2000. Net Profit for the year ended March 31, 2001 is at Rs 52287.80 million as against Rs 36294.70 million reported last fiscal. Total Income for the current year stands at Rs 250877.30 million as compared to Rs 210837.90 million for the year ended March 31, 2000. The Other Income for the current year includes reimbursement from Government of India towards PPD charges and tanker hire charges amounting to Rs 4446.30 million. The Board of Directors has recommended a Dividend of Rs 11 per share (110%) subject to the approval of the shareholders.

Silverline and Corechange partner to build portal solutions

Silverline Technologies Ltd and Corechange, Inc, a global provider of e-access framework software have announced a strategic alliance to deploy enterprise information portals for clients, enhancing collaboration among employees, customers and partners. With Corechange's Coreport 3g technology and Silverline Technologies' broad integration expertise, companies can deploy enterprise-wide portals to access all existing information from their various enterprise, web and legacy applications through one interface. Coreport 3g enables companies to deploy wired or wireless corporate, community, marketplace and mobile commerce portals, customized to each user based on the individual's rile within the enterprise. Silverline's dedicated team of Coreport 3g specialists works with companies to design and implement Coreport 3g-based enterprise information portals that integrate ERP, mainframe, client server systems, extranet,. Internet and intranet applications into a unified browser-based view. "Silverline's approach is to meet client needs with best of breed products that are customized to their specific requirements," said Aravind Ramachandran, Vice President of Silveline's Business Solutions Group. "Our partnership with Corechange complements this strategy because Corechange 3g is a scalable and open access framework. We can integrate Corechange 3g quickly, economically and safely, with our clients' existing infrastructure and applications. Not only that, but we are able to deliver wireless capabilities, enabling the clients to use their systems assets to support both their mobile and eBusiness strategies." Silverline's Corechange practice currently consists of a dedicated team of technical professionals that is focussed on Coreport 3g implementation engagements and serving enterprise customers worldwide. This team is backed by Silverline's global network of software portal projects to be undertaken on a virtual 24-hour day, resulting in faster and more economical implementation, than onshore alternatives.

TELCO FY-01 results on June 14, 2001

A meeting of the Board of Directors of Tata Enginnering & Locomotive Co.Ltd is scheduled to be held on June 14, 2001 to consider the Annual Accounts of the Company and dividend declared, if any, for the financial year ended March 31, 2001.

Aptech Board to consider Business Restructuring plan

A meeting of the Board of Directors of Aptech Ltd is scheduled to be held on June 08, 2001 to consider the recommendations by the Committee of Directors for Restructuring of the Company's businesses. The aforesaid meeting will also consider the best option of Restructuring the Businesses.

Colgate FY-01 results on June 18, 2001

A meeting of the Board of Directors of Colgate-Palmolive (India) Ltd is scheduled to be held on June 18, 2001 to consider and approve the audited accounts and also to recommend the dividend of the Company for the financial year ended March 31, 2001.

Dhandapani Finance Q4 net up by 45.18%, FY-01 net up by 17.07%

Dhandapani Finance Ltd has posted a net profit of Rs 13.12 million for the quarter ended March 31, 2001 as compared to Rs 9.04 million for the quarter ended March 31, 2000. Total Income for the quarter ended March 31, 2001 is at Rs 68.36 million as against Rs 55.90 million for the quarter ended March 31, 2000. Net Profit for the year ended March 31, 2001 is at Rs 48.80 million as compared to Rs 41.68 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 225.26 million as compared to Rs 200.73 million for the year ended March 31, 2000. The Board of Directors of the Company has recommended a Dividend at 25% for the year 2000-01.

Syndicate Bank Q4 net up by 157.32%, FY-01 net up by 8.94%

Syndicate Bank Ltd has posted a net profit of Rs 221.30 million for the quarter ended March 31, 2001 as compared to Rs 86 million for the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 8004.80 million as compared to Rs 7134.80 million for the quarter ended March 31, 2000. Net Profit for the year ended March 31, 2001 is at Rs 2349.40 million as compared to Rs 2156.50 million last fiscal. Total Income for FY-01 is higher at Rs 30736 million as compared to Rs 27441.10 million for FY-00. The Bank has reported that VRS expenses to the extent of Rs 912.80 million, being extra-ordinary item has been incurred during the last quarter. The Board of Directors of the Bank has declared a Dividend of Rs 1.20 per share i.e. 12%

Trent FY-01 results on June 29, 2001

A meeting of the Board of Directors of Trent Ltd is scheduled to be held on June 29, 2001 for inter alia considering annual accounts for the year ended March 31, 2001. The aforesaid meeting will also consider recommendation of Dividend, if any, to the shareholders.

Ramco Industries FY-01 net up by 7.81%, Net Sales up by 3.74%

Ramco Industries Ltd has reported a net profit of Rs 172.60 million for the year ended March 31, 2001 as against Rs 160.10 million reported last fiscal. Net Sales are higher at Rs 1464 million in the year ended March 31, 2001 as compared to Rs 1411.20 million for the year ended March 31, 2000. Other Income for FY-01 is at Rs 34.60 million as against Rs 17.80 million for FY-00. Other income for the current year includes Royalty from the Company's wholly owned subsidiary viz. Sri Ramco Lanka Pvt. Ltd, Sri Lanka. The Board of Directors of the Company has recommended Dividend of Rs. 5 per share (50%) on the paid up Equity Share Capital.

BPCL fixes record date for the purpose of Dividend

Bharat Petroleum Corporation Ltd has informed BSE that the Board of Directors of the Corporation at the meeting held on June 06, 2001 has fixed July 11, 2001 as the Record Date for the purpose of determining the names of members/benefical owners entitled to receive the Interim Dividend at Rs 4 per share as approved by the Board at the said meeting.

BSE imposes 25% Special Margins on 2 scrips

BSE has informed members of the exchange that Special Margin in the under mentioned scrips has been imposed with effect from today (June 7, 2001) Code Scrip Name Group 31892 KHANDWALA SECURITIES LTD B1 31739 PRUDENTIAL PHARMACEUTICALS LTD B2

EIH Ltd clarifies on news article

With reference to a news article appearing in a leading financial daily, EIH Ltd, in a communication to the BSE has clarified that the said article has mentioned about the Company signing a Joint Venture Agreement with a Moroccan conglomerate for setting up a Hotel in Marakech, Morocco. It is clarified by the Company that the shareholders agreement was signed with ONA by EIH International Ltd, a wholly owned subsidiary of EIH Ltd. EIH Ltd has invested in the said subsidiary which in turn invests in hotel projects abroad. The proposed investment is, therefore, of EIH International Ltd, a company registered in British Virgin Island and not by EIH Ltd.

Subodh Bhargava appointed as Chairman of Wartsila India

Wartsila India Ltd has informed BSE that the Board of Directors of the Company has appointed Mr. Subodh Bhargava as the Chairman of the Company. Mr.Mantosh Sondhi, Chairman of the Board has resigned as a Director of the Company with effect from the conclusion of the 15th Annual General Meeting of the Company held today (June 6, 2001). Mr. Sondhi will now be associated with the Company as Chairman Emeritus.

Money

Rapid Information on Stocks & Corporates

Tell us what you think of this report