Goldiam International FY-01 net up by 2.74%

Goldiam International Ltd has posted a net profit of Rs 175.38 million for the year ended March 31, 2001 as compared to Rs 170.71 million for the previous year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 965.28 million as compared to Rs 959.65 million for the year ended March 31, 2000. The Directors have recommended a Dividend of Rs 4.50 per share (45%) for the year.

Balaji Telefilms FY-01 results on June 29,2001

A meeting of the Board of Directors of Balaji Telefilms Ltd is being convened on 29th June 2001 to consider amongst the other items of Agenda, the Audited Financial Results of the Company for the year ended 31st March 2001 and the recommendation of dividend on equity shares.

Rane Brake Linings Q4 net down by 13.16%, FY-01 net down by 22.78%

Rane Brake Linings Ltd has posted a net profit of Rs 26.07 million for the quarter ended March 31, 2001 as compared to a net profit of Rs 30.02 million in the corresponding period last year. Total Income for the quarter ended March 31, 2001 is at Rs 293.15 million as compared to Rs 260.56 million in the quarter ended March 31, 2000. Net Profit for the year ended March 31, 2001 stood at Rs 61.66 million as compared to a net profit of Rs 79.85 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 961.29 million as against Rs 883.61 million in the year ended March 31, 2000.

Aarti Industries proposes to hike its stake in Achemie Organics

Aarti Industries Ltd has informed BSE that the Company being one of the promoters of Alchemie Organics Ltd (AOL) a listed Company, has proposed to acquire 3,63,000 equity shares of AOL (being 7.93% of the total paid-up capital of the Company) held by the other promoters at a price of Rs 10. After the proposed acquisition, the Company's equity holdings in AOL will increase from present 47.28% to 55.21% and AOL will become the subsidiary of the Company

Kanthal India Board to call EGM to consider preferential issue at Rs 25 per share

The Board of Directors of Kanthal India Ltd, at its meeting held today (June 18, 2001) has decided to convene an Extra-Ordinary General Meeting of the Company to be held on July 25, 2001 to consider among other things the issue of 11,31,176 equity shares of the face value of Rs 10 each at a premium of Rs 15 per share towards the principal amount of SEK 56,66,668 (equivalent to Rs 2,82,79,400) being the loan amount repayable to Kanthal AB, Sweden. The aforesaid issue is pursuant to Section 81(IA) of the Companies Act, 1956 and other regulatory approvals, sanctions and permissions as may be necessary.

PSL Holdings to benefit from five year Kutch tax holiday

PSL Holdings Ltd has informed BSE that in view of announcement of five year Tax Holiday for Kutch by Hon'ble Prime Minister, Sh. Atal Bihari Vajpayee on June 2, 2001, the addition of two new Steel Pipe Mills to existing Pipe Manufacturing Unit will directly be benefited from the said relief. This development is expected to naturally effect the Company's financial performance favourably. Already, the Company has a Manufacturing Unit located in Nanichirai Village near Anjar District in Kutch where manufacture of Spirally Welded Steel Pipes of diameters ranging from 18 inches to 120 inches is carried on. These pipes are eventually used not only for transportation of oil and gas but even for water transportation.

Vikrant Tyres posts net loss of Rs 112.60 million for FY-01

Vikrant Tyres has posted a net loss of Rs 112.60 million for the year ended March 31, 2001 as compared to a net profit of Rs 145.50 million in the previous year. Net Sales increased from 2907.10 million in FY 2000 to Rs 3284.30 million in FY-2001.Other income stood at Rs 26.50 million in FY 01 as compared to Rs 22.60 million for the same period last fiscal. The Company has reported that an Illegal strike by the Workmen for 63 days in January-March 2001 has resulted in substantial of production and turnover, which in turn has seriously affected the operating results. Increase in input coupled with intense competition further depressed Tyre prices which has also impacted margins. The Company has declared an Equity Dividend - 10% for the year 2000-01.

Orchid Chemicals unveils its health portal - Health Orchid

Orchid Healthcare, the formulations division of Orchid Chemicals & Pharmaceuticals Ltd has formally launched its comprehensive health portal Healthorchid.com on June 17,2001.This futuristic move leverages the Internet technology for gaining a wider reach and corporate presence for Orchid Healthcare. Healthorchid.com is the first multi objective Education Business portal form a pharmaceutical company.Healthorchid.com will address the needs of the medical practitioner, the consumer and the pharmaceutical community in general. It offers a platform for communication amongst the healthcare professionals and between medical practitioners and patients. Healthorchid would make it possible for all to get informed about the medical trends around the world in select therapy areas. Medical practitioners will have access to medical information exclusively from the Indian context. Healthorchid would also welcome cases from Indian medical practitioners which can be posted on the site after due examination by an expert panel. Given Orchids significant position in anti infectives market, the Portal would lay a special emphasis on infection management, which continues to be an important issue in healthcare practice. The development of the Healthorchid portal has been entrusted to Satyam Computer Services to harness the best of Internet technologies and software engineering capabilities. The site is simple to navigate and easy to read with features of quick download and high visual appeal. It is intended to be a round the clock channel to meet the process requirements of all business and serve as a repository of training programmes for employees so as to continuously up update their skills. As the virtual market place begins to emerge in future, Orchid will undeniably have the first mover advantage through this portal. Development of an e-business channel linking the trade associates for online business transactions is also envisioned for the future. Orchid Healthcare specialises in anti infective, anti osteoporosis, anti-inflammatory and antio hypertensive segments. Orchid has the most comprehensive range of cephalosporin antibiotic formulations in India. Orchid believes that Healthorchid.com will help build a differentiated healthcare and formulations activity through relationship rather than through transactions alone

J B Chemicals files Patent for new Chemical Entities (NCE) in USA

J B Chemicals & Pharmaceuticals Ltd., has informed BSE that the Company has filed patent application for New Chemicals Entities (NCE) with United States Patent and Trade Mark Office. The New Chemical Entities (NCE) have a potent anti-inflammatory action. The Company has filed patent applications in USA and South Africa for Novel Compounds having potent therapeutic activities. The patent application claims that the Company has invented novel compounds as well as process for their manufacture. Preclinical animal screening of these compounds have shown promising results for their use in Inflammatory Joint Disorders. The Company has been already granted number of patents internationally on Novel Drugs Delivery Systems (NDDS), the most significant being Ranitidine Controller Release Formulation and Metrogyl Denta Gel in USA and Nifedipine Sustained Release Tablets in South Africa.

Infosys & BNSF announce Strategic Business relationship

Infosys Technologies Ltd and Burlington Northern and Santa Fe Railway Company (BNSF) the second largest rail network network in North America a leading provider of Information Technology(IT) consulting and services today (June 18, 2001) announced a strategic relationship designed to improve operations and customer service. Under the terms of the agreement Infosys will establish a co-sourcing model integrating both BNSF and Infosys teams to design deploy and manage certain IT systems. As a result software development will be streamlined for these systems and applications, reducing overall IT costs for BNSF. It is expected that the Infosys dedicated team will grow to over 125 people during the next 18 months. Other teams of the agreement have not been disclosed. "BNSF continues to use new technologies to make it easier for customers to do business with us", said Greg Fox, vice president of technology services and Chief Information Officer, "We need to become more efficient in software development, and believe Infosys' core competence in building distributed technology teams combined with their knowledge of the transportation industry will enable BNSF to leverage round-the-clock service that will reduce IT costs and meet our objectives in a quality manner." BNSF first learned about Infosys from Gartner, the research and advisory firm located in Stamford, Connecticut. "We consider Infosys, one of the premier IT consulting and services firm," stated Rita Terdiman, Vice President and Research Director, Gartner, Inc. "This makes it easy for us to recommended them to any large client," she added.

Global Tele clarifies on news item

With reference to the news article appearing in a leading financial daily titled " Global Tele picks up stake in agri, travel portals" Global Tele Systems Ltd has informed BSE that the news article refers to investments being made by Internet Holdings (Global) Ltd., a Subsidiary of the Company and not by the Company. Internet Holdings (Global) Ltd., a wholly owned Subsidiary, is engaged in making investments in growth oriented e-commerce related business. The Company has been making strategic investments in the said subsidiary as a part of its philosophy to explore business opportunities in news areas.

HDFC Q1 results on July 17, 2001

A meeting of the Board of Directors of Housing Development Finance Corporation Ltd is scheduled to be held on July 17, 2001 to consider and take on record the unaudited financial results for the quarter ended June 30, 2001.

Hindalco Q1 results on August 01, 2001

Hindalco Industries Ltd has informed BSE that the Company has fixed Board meeting to consider the results for the First Quarter on August 01, 2001. The Company has also fixed the Annual General Meeting on the same date.

Motorol Specialty Board defers Buy-back proposal

The Board of Directors of Motorol Specialty Oils Ltd, at its meeting held today (June 18, 2001) has decided to defer the proposal to consider Buy-back of the Shares. The Board has also decided to defer the declaration of Interim Dividend. The Board also recommended Dividend @ 5% per share for the year ended March 31, 2001 at the aforesaid meeting. It has also been decided to convene the 20th Annual General Meeting of the members of the Company on September 29, 2001 at the registered office of the Company.

ZF Steering Gear FY-01 net up by 66.86%

ZF Steering Gear (India) Ltd has posted a net profit of Rs 60.93 million for the year ended March 31, 2001 as against Rs 36.52 million for the previous year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 631.22 million as against Rs 510.35 million for the previous year ended March 31, 2000. The Board has recommended a Dividend of Rs 3.50 per share for the year 2000-01, subject to the approval of the members of the Company.

Trading in Godrej Consumer Products to commence from today (June 18, 2001)

BSE has informed its members that trading in the equity shares of Godrej Consumer Products Ltd will be commenced w.e.f. today (June 18, 2001). The circuit filter in the scrip is being kept open in order to enable the members to trade in the scrip at a realistic price level, till a trade is established. The members are, however, cautioned not to enter quotes/orders at unrealistic prices.

Colgate Palmolive FY-01 net up by 20.65%, Net Sales up by 8.01%

Colgate Palmolive (India) Ltd has posted a net profit of Rs 625 million for the year ended March 31, 2001 as against Rs 518 million for the previous year. Net Sales for the year ended March 31, 2001 is higher at Rs 11769 million as compared to Rs 10896 million for the year ended March 31, 2000. Other Income for FY-01 is at Rs 295 million as against Rs 229 million in FY-00. The Board has recommended a 17% increase in Dividend to 35% for the year 2000-01, subject to the shareholders approval. The Company has reported that the Company's marketing and sales initiatives during the year focused on increasing its dominant Dentifrice market shares. The results have been evident in the second half of the fiscal year with clear leadership positions established in the major metro cities. With its entry in the economy priced segment the Company now participates in all segments of the toothpaste category.

SRF Q4 net at 122.10 million, FY-01 net at Rs 401.90 million

SRF Ltd has posted a net profit of Rs 122.10 million for the quarter ended March 31, 2001 as compared to a Net profit of Rs 26.70 million in the corresponding period last year. Total Income for the quarter ended March 31, 2001 is at Rs 1803.20 million as compared to Rs 1747 million in the quarter ended March 31, 2000. Net Profit for the year ended March 31, 2001 stood at Rs 401.90 million as compared to a net profit of Rs 268 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 7045 million as against Rs 6674.40 million in the year ended March 31, 2000. Other Income (YTD March 2001) includes Rs 62.60 million on account of profits on sale of assets ( residential property ) already reported in June 2000 Qtr.

Softsol India FY-01 net at Rs 119.39 million, Q4 net at Rs 32.15 million

Softsol India Ltd has posted a net profit of Rs 119.39 million for the year ended March 31, 2001 as compared to Rs 104.63 million for the year ended March 31, 2000. Net sales for the year ended March 31, 2001 are at Rs 194.42 million as compared to Rs 166.02 million in FY-00. Other income has increased from Rs 3.23 million in FY-00 to Rs 25.63 million in the financial year ended March 31, 2001. The company has posted a net profit of Rs 32.15 million for the quarter ended March 31, 2001 on a total income of Rs 58.94 million for MQ 01.

Neuland Lab FY-01 net down by 30.58%

Neuland Laboratories Ltd has posted a net profit of Rs 20.16 million for the year ended March 31, 2001 as compared to Rs 29.04 million for the previous year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 830.11 million as compared to Rs 734.66 million for FY-00. The Board of Directors of the Company has recommended payment of Dividend of Rs 1.50 per equity share of Face Value Rs 10 each for the year 2000-01 aggregating to Rs 9.09 million.

Fire at Indian Hotels' Taj Mahal Hotel at Mumbai

Indian Hotels Company Ltd has informed BSE that a minor fire broke out in the Taj Mahal Hotel, Mumbai at around 5.45 p.m. on Saturday June 16, 2001. The Company has further informed that the fire occurred in the service pantry, which is located on the 2nd floor of the old wing of the hotel. The fire has been brought under control and no one has been injured.

Mico shareholders appoint Joint MDs at AGM

Motor Industries Co. Ltd has informed BSE that at the Annual General Meeting of the Company held on June 15, 2001 the following Directors have been appointed : 1. Mr M Lakshminarayan, Joint Managing Director 2. Mr V K Vishwanathan, Joint Managing Director 3. Dr.Guenter Krueger, Director

BSE revises Special Margin on 51 scrips

BSE has informed the members of the exchange that the following scrips which are at present under Special Margins will attract Special Margins as indicated hereunder with effect from today (June 18, 2001) The rates of Special Margins have been revised keeping in view the closing price of the scrip on the last day of the settlement. CODE NAME GROUP SP.MGR (%) 410 ACC A 25 12599 ADANI EXPORTS A 50 32399 ADLABS B1 25 31632 AVINASH INFOTEC B2 25 373 CLARIANT INDIA B1 25 26785 CREST COMMUNICA B1 25 32419 D LINK INDIA B1 25 24170 DSQ BIOTECH B2 50 23864 DSQ SOFTWARE A 25 32417 E.STAR INFOTECH B2 25 32403 FOURTH GENERATI B2 25 31939 GENIUS COMM TRA B2 25 9079 GUFIC BIO SCIEN B2 25 23477 GUJARAT GAS A 50 32181 GUJARAT MINERAL B1 25 183 HIMACHAL FUTUR A 25 23886 HINDUSTAN INKS B1 25 193 HOTEL LEELA B1 25 30005 INDIA CEMENTS A 25 32175 INOTECH ENTERPR B1 25 32072 INTERWORLD FAS B2 25 32033 JAIN STUDIOS B1 25 888 JAIPRAKASH INDS A 25 32268 KALE CONSULTANT B1 25 31892 KHANDWALA SECUR B1 25 23411 KRONE COMMUNICA B1 25 260 MADRAS CEMENTS A 25 32127 MOBILE TELE B2 25 24084 MONSANTO CHEM B1 25 32407 MOSCHIP SEMI B2 25 6954 MOTORALA SPEC B2 25 32350 PADMALAYA TELE B1 25 32387 PRITISH NANDY B1 25 31739 PRUDENTIAL PHAR B2 50 7300 RAVALGAON B1 25 24632 RELISH PHARMA B2 25 26089 ROOFIT INDUSTRY B1 50 13583 S B & T INTER B1 50 32118 SAI INFO.SERVIC B2 50 378 SAW PIPES A 25 17411 SHYAM TELECOM A 25 32274 SOFFIA SOFTWARE B2 25 32221 SONATA SOFTWARE A 25 8976 SPANCO TELESYST B2 25 32211 SUN EARTH CERA B1 50 31637 SWORD & SHIELD B2 50 31830 TODAY'S WRITING B2 25 31554 TOP CASSETTES B1 25 26707 TOUBRO INFOTECH B2 50 31717 VIDHI DYESTUFFS B2 25 31404 ZICOM ELECT B2 25

Polaris Software fixes Record Date for Bonus Issue, appoints Additional Director

Polaris Software Lab Ltd has informed BSE that, pursuant to the approval of shareholders in the Annual General Meeting held on June 16, 2001 for the issue of bonus shares by the Company, the Board of Directors have fixed the July 19, 2001 as the record date for determining the shareholders entitlement for bonus shares. The bonus shares will be issued to those shareholders whose names appear on the Register of Members as on the said record date, in the ratio of one equity share for every two equity shares held by them. The Company has also informed that Dr. Ashok Jhunjhunwala has been appointed as an additional Director of the Company with effect from June 16, 2001 to hold office until the conclusion of the next Annual General Meeting of the Company. Dr. Jhunjhunwala is a professor & Head of the Department of Electrical Engineering at the Indian Institute of Technology, Chennai.

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