Blue Dart enters into a strategic alliance with Crown Couriers

Blue Dart Express Limited India's integrated air express and logistics service provider has signed an exclusive agreement with Crown Couriers a leading courier company in North India. With this alliance Blue Dart Express Limited has added an additional 74 locations to its existing network in Northern India thereby increasing the total number of locations serviced by Blue Dart to over 12000 across the country. Crown Couriers has an extensive reach in the states of Haryana, Punjab, Rajasthan, Himachal Pradesh U.P and Uttaranchal. Mr Ashok Jain Senior Vice president North Blue Dart Express Limited said Leadership is the most important element of success in the 21st century. Our alliance with Crown Couriers will reiterate our leadership in the domestic express market. Customers will now be able to access out services even in the interiors of the northern region, that Blue Dart does not currently service. Signing the agreement Mr C.L Bareja Chairman & Managing Director Crown Couriers stated. This alliance will help Crown Couriers provide countrywide reach to its clientele from the North.

HFCL FY-01 results on June 30, 2001

A meeting of the Board of Directors of Himachal Futuristic Communications Ltd has been convened on June 30, 2001 to consider and approve the audited financial results for the year ended March 31, 2001.

Resolution for change in indirect control of Thomas Cook India defeated

Thomas Cook India Ltd has informed BSE that pursuant to the direction of the exemption order dated March 20, 2001 issued by SEBI to C&N Touristic, in connection with granting an exemption for making an open offer under SEBI takeover code, the EGM of the company was held on June 08, 2001. In terms of the said SEBI order the postal ballot facility was provided to the members of the company. The results of the poll on the special resolution placed before the said EGM is as under: 1. Total no of votes cast 38,83,844 2. Total no of votes cast in favour 29,00,108 3. Total no of votes cast against 9,83,736 Accordingly the said resolution was defeated and therefore could not be passed by the requisite majority.

Apollo Tyres FY-01 results on June 28, 2001

A meeting of the Board of Directors of Apollo Tyres Ltd is scheduled to be held on June 28, 2001 to consider Annual Accounts for the year 2000-2001. The aforesaid meeting will also consider recommendation of Dividend on Equity Shares and also fix the date for Annual General Meeting and closure of Register of Members and Share Transfer Books.

Ranbaxy Lab Q2 results on July 09, 2001

A meeting of the Ranbaxy Laboratories Ltd has been convened on Monday July 09, 2001 inter-alia to take on record the unaudited financial results for the second quarter and half-year ending June 30, 2001.

SBI FY-01 net down by 21.80%

State Bank of India has posted a net profit of Rs 16042.50 million for the year ended March 31, 2001 as compared to Rs 20515.50 million in the year ended March 31,2000. Total Income for the year ended March 31, 2001 is at Rs 300211.90 as compared to Rs 257702.50 million in the financial year ended March 31, 2000. The Central Board has declared a dividend of Rs 5 per share for the year ended March 31, 2001 subject to necessary approval from RBI. The Bank has incorporated a subsidiary SBI Life Insurance Company Ltd for doing life insurance business, in which it holds 74% equity. M/s Cardiff S A of France which is the joint venture partner holds the balance 26% equity in the company.

Visesh Info to consider issue of shares under swap arrangements

Visesh Infosystems Ltd has informed BSE that a meeting of the Board of Directors of the company will be held on June 26, 2001 to consider the following: 1. To consider an issue of shares under swap arrangements 2. To increase Authorised Equity Share Capital of the company 3. To fix the date of an Extra-Ordinary General Meeting

Gujarat High Court stays criminal case against Arvind Mills

The Gujarat High Court has stayed a criminal complaint filed in Ahmedabad by Commerzbank AG against principal officers of Arvind Mills Ltd. Earlier on June 13, the High Court had Court had issued an injunction restraining Commerzbank and bank of Nova Scotia from proceeding with a civil suit filed by them against Arvind Mills in the London High Court. Following the injunction, the banks, through their counsel, agreed to adjourn the case against the company and ICICI till the outcome of the Scheme of Arrangement filed in the High Court of Gujarat. In its petition to quash the criminal complaint and the order of the magistrate, the company stated that the case filed by the bank is an abuse of the judicial process to pressure the company to make preferential and higher payments to the bank. The company said the transactions disputed by the bank are valid and assuming there was an issue, it should have been a matter of a civil suit. The company cited press articles which appeared in several newspapers even before the company and its officers were served with a notice. This was done to destabilise the restructuring process and scare away the creditors who were otherwise supporting the proposal, the company said. With both the civil and criminal complaints stayed, the company expects the scheme of arrangement, filed under Section 391 of the Companies Act, to go through smoothly.

Bata Q2 results on July 20, 2001

A meeting of the Board of Directors of Bata India Ltd has been convened on July 20, 2001 to inter-alia consider and adopt the unaudited financial results of the company for the second quarter ended on June 30, 2001.

Novartis FY-01 results on June 29, 2001

A meeting of the Board of Directors of Novartis India Ltd is scheduled to be held on June 29, 2001,inter-alia, to consider audited Annual Accounts of the Company for the financial year ended March 31, 2001.

Kaashyap Radiant allots equity shares to stakeholders of Softpride System

Kaashyap Radiant Systems Ltd has informed BSE that the Board of Directors of the company has allotted 1425000 equity shares of Rs.10/- each at a premium of Rs.150 per share to the following stakeholders of Softpride System Inc,USA (SSI) towards part consideration of acquisition of 60% equity stake in (SSI): 1. Mr.Raghuram Tandra - 712500 shares, 2. Mrs. Vandana Raghuram Tandra - 712500 shares. The aforesaid allotment is subsequent to obtaining the necessary approvals.

Finolex Cables fixes book closure for dividend

Finolex Cables Ltd has fixed the Book Closure from July 21, 2001 to July 31, 2001 for the purpose of AGM and 75% Dividend.

BSE imposes Special Margin on 2 scrips

BSE has informed the members of the Exchange that Special Margin of 25% in the under mentioned scrips is imposed as mentioned alongside with effect from Thursday, 21st June, 2001 Scrip Code Scrip Name Scrip Group 6943 J B CHEMICALS & PHARMACEUTICALS LTD B1 32411 VISESH INFOSYSTEMS LTD B1

Pentasoft Tech to allot GDS

Pentasoft Technologies Ltd has informed BSE that a meeting of the Allotment Committee will be held on June 25, 2001 at the registered office of the company interalia to consider the following: To allot 55,00,000 GDS around the market price on cash basis. Each GDS will represent one equity share of the company.

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