Carrier Aircon FY-01 net down by 31.08%

Carrier Aircon Ltd has posted a net profit of Rs 63.11 million for the year ended March 31, 2001 as compared to Rs 91.58 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 3864.04 million as against Rs 3203.18 million in the financial year ended March 31,00. Extra-ordinary items of Rs 25.22 had been incurred in FY-00. The Board of Directors has proposed a dividend of Rs 2.20 per share.

United Phosphorus FY-01 net down by 37.30%

United Phosphorus Ltd has posted a net profit of Rs 199.93 million for the year ended March 31, 2001 as compared to Rs 318.87 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 5560.80 million as compared to Rs 5765.78 million in FY-00. The Board has recommended a dividend of 20% on equity shares.

LML posts net loss of Rs 412.90 million for FY-01

LML Ltd has posted a net loss of Rs 412.90 million for the year ended March 31, 2001 as against a net profit of Rs 61.90 million for the year ended March 31, 2000. Net Sales for the current year ended March 31, 2001 is at Rs 5183.90 million as against Rs 5923 million for the previous year. Other Income for FY-01 is at Rs 94.70 million as against Rs 99.30 million for FY-00. The Company has reported that the Sales Volumes of the Company during the current year has been affected due to sharp decline in the market of metal bodied geared scooters, which has resulted in significant adverse impact on its financial performance. The Board of Directors has also noted the appointment of Mr. Kulwant Singh as Nominee of IDBI vice Mr. M.Chittaranjan Kumar w.e.f. March 21, 2001 and appointed Mr. A.Y.Gaikwad as Nominee of IFCI w.e.f June 26, 2001 vice Mr. Narinder Kumar.

Mindteck Board to consider allotment of shares as per scheme of amalgamation

A meeting of the Board of Directors of Mindteck (India) Ltd will be convened on June 30, 2001 for the purpose of allotment of equity shares of the Company to the shareholders of Nicco Infotech Ltd in pursuance of Scheme of Amalgamation approved by the Honorable High courts at Bombay and Calcutta.

Basell Polyolefins unable to participate in NOCIL's Petrochemical project

National Organic Chemical Industries Ltd (NOCIL) has informed BSE that the Company has received a communication from Basell Polyolefins expressing their inability to participate in NOCIL's Petrochemicals project. Shell Chemicals and Montell Polyolefins had entered into a MOU with NOCIL and Mafatlal Industries Ltd to participation in the equity of NOCIL's Petrochemicals business after demerging of Petrochemicals business into a separate Company. Pursuant to this, NOCIL had obtained approval of its shareholders to the schemes of Demerger of its Petrochemicals Division and Rubber Chemical Division. There was a merger of three Companies viz Montell, Elenac and Targor belonging to Shell & BASF Groups resulting in the formation of Basell Polyolefins which was to pursue the NOCIL Petrochemical Project. Basell has now expressed its inability to participate in this project. The aforesaid matter will now been considered at the meeting of the Board of Directors of the Company scheduled to be held on June 28, 2001 to consider the Annual Accounts for 2000-01.

Mascon Global and Master card announce joint venture for software development

Mastercard International and Mascon Global Limited have announced the creation of a joint venture company to develop and maintain core processing software for MasterCard. The joint venture is called Mascon-MasterCard Global Technology Services Limited. Mascon holds a 51% stake in the new organization, and MasterCard holds 49%. The joint venture will develop and maintain proprietary software for MasterCard's core processing functions of authorization, clearing and settlement. In addition, it will provide consulting services to MasterCard member financial institutions, processors and vendors. The joint venture will operate a state-of-the-art and extremely secure software development center in Chennai, India. The delivery of software services will be through a blend of onsite and offshore execution. Most of the development and maintenance will be done out of offshore centers in Chennai with a small team of technical and project management personnel based in the US. This blended delivery mode enables rapid and cost effective software development and maintenance "We are pleased to partner with Mascon in the creation of a strong pool of information technology expertise. This joint venture leverages Mascon's expertise in financial services with MasterCard's sophisticated processing platform. It creates an expert knowledge base that will help ensure continued delivery of the industry's most advanced processing platform. "said Jerry McElhatton, President, MasterCard Global Technology and Operations. He said that Mascon had been a valued IT partner for MasterCard for nearly three years.

S. Lahiri replaces SC Vasudeva as IFCI Nominee Director on Board of Jindal Strips

Jindal Strips Ltd has informed BSE that the Sub Committee of Directors of the Company at their meeting held on June 25, 2001 has noted the appointment of Sh.S.Lahiri as Nominee Director of IFCI in place of Sh .S.C. Vasudeva.

Silverline Europe unveils applications for Financial Services and Eng. Sectors

Silverline Technologies Ltd has announced today (June 26, 2001) a partnership with Intraspect Software, Inc, the e-business leader, to provide clients with collaboration software based on Intraspect's technology platform. Silverline Europe also announced that it had built a number of Intraspect-based collaborative software applications for the Financial Services and Engineering Sectors. Using Intraspect's collaborative platform, Silverline has designed a number of applications targeted at specific vertical sectors - Virtual Deal Room, for managing investment projects and Virtual Engineering Studio/Virtual Programme Office for managing complex software and engineering projects. These applications are based on Silverline's consulting experience in the financial services and discrete manufacturing and engineering sectors. The partnership underscores an increasing trend toward enterprises collaborating with external constituents - suppliers, customers and partners - as they pursue day to day business. Traditional collaboration tools, however are proprietory and limit the groups with which one can collaborate. People have to work around limitations, by conducting business in face-to-face meetings or teleconferences. The Silverline applications use Intraspect's web-based collaboration system and do not have those restrictions, making business easy-to-conduct for almost anyone with a browser. Silverline has deployed Intraspect's software throughout its European operation to collaborate on business development and client project implementation. Silverline delivers its services through a global network of software development centres - this means that effective collaboration is essential for quality service delivery.

India Cements announces 18% equity Dividend

In a communication issued to the BSE, India Cements Ltd has informed that the Board of Directors of the Company at its meeting held today (June 26, 2001) have approved equity Dividend of 18% (same as last year).

India Cements FY-01 net up by 6.27%

India Cements Ltd has posted a net profit of Rs 481.50 million for the year ended March 31, 2001 as compared to Rs 453.10 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 12664.50 million as against Rs 12080.60 million for the year ended March 31, 2000. Interest Expenditure is higher at Rs 1902 million in FY-01 as compared to Rs 1704.10 million for FY-00. The Board of Directors of the Company has recommended a Dividend of 11.50% on Preference Shares and 18% on Equity Shares for the year 2000-01.

Vatsa Education fixes Record Date for the purpose of Stock Spilt

Vatsa Educations Ltd has fixed the record date as July 16, 2001 for the purpose of Stock Split of existing equity shares - from every one existing equity share of Rs 10 each into ten equity shares of Re 1 each. The auction in the equity shares of Vatsa Educations Ltd., on 02/07/2001 and 09/07/2001 will be conducted as per face value of Rs 10 each. BSE has requested its members therefore, requested to take abundant precautions while mentioning the rates for offering the equity shares of the said company in auction on 02/07/2001 and 09/07/2001.

Bank of Punjab Q4 net up by 2.24%, FY-01 net up by 5.15%

Bank of Punjab Ltd has posted a net profit of Rs 134.79 million for the quarter ended March 31, 2001 as compared to Rs 131.84 million for the corresponding period last fiscal. Total Income for the year ended March 31, 2001 is at Rs 1229.67 million as compared to Rs 950 million for the quarter ended March 31, 2000. Net Profit for the year ended March 31, 2001 is at Rs 348.21 million as against Rs 331.14 million posted last fiscal. Total Income for the year ended March 31, 2001 is at Rs 3832.24 million as compared to Rs 3090.46 million for the year ended March 31, 2000. A Dividend of 14% for the year ended March 31, 2001 has been recommended by the Board.

Bhuvan Tripura Industries fixes Record Date for the purpose of Stock Spilt

Bhuvan Tripura Industries Ltd. has fixed August 01, 2001 for the purpose of Stock Split of existing equity shares - from every one existing equity share of Rs 10 each into ten equity shares of Re 1 each. The auction in the equity shares of Bhuvan Tripura Industries Ltd., on 16/07/2001 and 23/07/2001 will be conducted as per face value of Rs 10 each. BSE has requested its members, therefore, to take abundant precautions while mentioning the rates for offering the equity shares of the said company in auction on 16/07/2001 and 23/07/2001.

Fitch assigns Ind A rating to Cosmo Films' NCD Programme

Cosmo Films Ltd has informed BSE that FITCH Rating India has assigned 'Ind A' rating to the NCDs programme of the company.

Mastek FY-01 results on July 12, 2001

A meeting of the Board of Directors of Mastek Ltd is scheduled to be held on July 12, 2001 to consider and take on record the Unaudited Financial Results of the Company for the fourth quarter and for the year ending June 30, 2001.

Smithkline Consumer Q2 results on July 27, 2001

A meeting of the Board of Directors of Smithkline Beecham Consumer Healthcare Ltd is scheduled to be held on July 27, 2001 to consider and take on record the Unaudited Financial Results for the second quarter ending June 30, 2001 and also to consider the payment of Interim Dividend for the year ending December 31, 2001. It has also been notified that the Company has fixed July 31, 2001 as the Record Date for the purposes of Interim Dividend for the year ending December 31, 2001. Dividend Warrants in respect of the proposed Dividend will be made payable on or before August 24, 2001.

BSE imposes 25% Special Margin on GV Films

BSE has informed Members of the Exchange that Special Margin of 25% has been imposed in respect of the under mentioned scrip with effect from today (June 26, 2001). Code Scrip Name Group 23277 G V FILMS LTD B1

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