CCAMC and CCTCL become subsidiaries of Cholamandalam Inv.& Finance

Cholamandalam Investment & Finance Company Ltd has informed BSE that M/s Cholamandalam Cazenove AMC Ltd (CCAMC) and M/s Cholamdalam Cazenove Trustee Company Ltd (CCTCL) have become the subsidiaries of the Company with effect from May 24, 2001. This is consequent to the purchase of 4.90 million equity shares of CCAMC and 24500 equity shares of CCTCL after the termination of Joint Venture in the Companies with Cazenove Fund Management Ltd, UK on May 24, 2001.

Munjal Showa Q4 net profit at Rs 39.05 million, FY-01 net at Rs 128.153 million

Munjal Showa Ltd has posted a net profit of Rs 39.05 million for the quarter ended March 31, 2001 as compared to a Net profit of Rs 12.13 million in the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 636.415 million as compared to Rs 570.635 million in the quarter ended March 31, 2000. Net Profit for the year ended March 31, 2001 stood at Rs 128.153 million as compared to a net profit of Rs 130.665 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 2441.196 million as against Rs 2034.703 million in the year ended March 31, 2000. The Board of Directors of the Company has recommended a Dividend of Rs 3.50 per share for the year ended March 31, 2001.

Tips Industries clarifies on news item

With reference to the news item appearing in the leading financial daily titled "Singing the Net Tune" Tips Industries Ltd has clarified that 1. With respect to the news regarding tie-up with an international company for selling the Company's music titles on the Internet, the Company has clarified that it has entered into an agreement with M/s Soundbuzz.com to distribute music digitally via the net. The Company has further clarified that this agreement is on non-exclusive basis. Digital technology and net down loads are an evolutionary form of distributing music and this agreement is an effort to explore the business dynamics and opportunities available to Tips. The Company does not expect any significant revenues from this agreement at this point of time. The current agreement entails the receipt of an advance of US $ 75000 (i.e. Rs 3.50 million approx.) by Tips Industries and a similar amount to Dashmesh International, a Mauritius based entity which is in the process of becoming a subsidiary of Tips Industries Ltd, as stated in our issue prospectus. The Company has confirmed that this agreement does not constitute any material change in the general character or nature of its business at this point of time. 2. With respect to the projections about the Company's upcoming titles of Warner Bros. in the domestic market the Company has clarified that the facts regarding the expected revenue or profitability is the speculation of the Correspondent and since the business is still being started, the Company is not in a position to give any projections of revenue or profits in this arrangement.

Tata Telecom FY-01 loss at Rs 12.30 million

Tata Telecom Ltd has posted a loss (before extra-ordinary items) of Rs 12.30 million for the year ended March 31, 2001 as compared to a net loss of Rs 52.59 million last fiscal. Total Income for the year ended March 31, 2001 is at Rs 2377.13 million as against Rs 1847.85 million for the year ended March 31, 2000. Extra-Ordinary items of Rs 143.44 million for the current year out of which Rs 185 million being compensation received and Rs 41.56 million being expenditure incurred under Employee Separation Scheme has been adjusted after which the net profit for the current year comes to Rs 131.17 million. The Company has informed that Mr. D.S.Pendse, Chairman has resigned as the Director and Chairman of the Company with effect from May 28, 2001. Mr. K.A. Chaukar, Director, has been appointed as the Chairman with immediate effect.

Patel Engineering FY-01 net up by 46.73%

Patel Engineering Ltd has posted a net profit of Rs 224.92 million for the year ended March 31, 2001 as compared to Rs 153.28 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 4405.27 million as against Rs 3170.32 million for the year ended March 31, 2000. The Interest Expenditure is higher at Rs 24.26 million for the current year ended March 31, 2001 as against Rs 16.89 million incurred last year. The Board has recommended for the pay out of 200% as Final Dividend and 50% as Bonus Share (Total Dividend for the year is 250%)

Bombay Dyeing FY-01 net down by 57.99%

Bombay Dyeing & Mfg.Co.Ltd has posted a net profit of Rs 181.30 million for the year ended March 31, 2001 as compared to Rs 431.60 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001is lower at Rs 9414.50 million as compared to Rs 9503.90 million for the year ended March 31, 2000. The Board of Directors of the Company has recommended a Final Dividend of Rs 2 per share. The Company has reported that one of the wholly owned subsidiaries of the Company viz Scal Investments Ltd has in terms of a scheme of Amalgamation under Section 391 to 394 of the Companies Act 1956 been merged into the Company consequent upon the jurisdictional High Court Order dated 20th April 2001.The scheme of Amalgamation has become effective as of October 31, 2000 being the appointed date in terms of the approval scheme. Accordingly, the operating results of the Scal Investments Ltd for six months from October 01, 2000 to March 31, 2001 and its assets/liabilities have been incorporated in the accounts of the Company. In view of the aforesaid amalgamation, the figures of the current year are not comparable with those of previous year.

NIIT-NETg Relationship crosses a significant milestone

NIIT Ltd has just completed a significant milestone of developing the 500th Course for NETg, a leader in technology based learning programs. Speaking on the occasion, Mr. Ken Grisham, Vice President, product Development at NETg said, "The completion of the 500th course through NIIT marks a significant milestone for both companies. For NETg, this underscores the breadth of learning we offer. For NIIT, this is testimony to the continued quality of services provided. This is truly representative of our global partnership." "NIIT and NETg have a long relationship spanning almost eighteen years. NETg's courses gave NIIT a jump start when it started its IT education offerings, and NIIT has been creating NETg's Skillbuilder products for the past 6 years," Mr. Ashish Basu, Sr Vice President and Head of NIIT's Knowledge Solutions business said. "The strength of this relationship will be leveraged further to provide world class Knowledge products to customers," he added. NIIT, which has been distributing NETg's technology based training, has as part of portfolio review de-emphasised high revenue-low margin' System Integration & Product Distribution business. "We respect NIIT's decision to move out of its product distribution business", said Gary Lopez, President and CEO of NETg, adding that the NIIT-NETg course development relationship continues to be as strong as ever.

ICI India FY-01 results on June 06, 2001

ICI India Ltd has informed BSE that a Meeting of the Board of Directors of the Company has been convened on June 6, 2001 to consider audited Financial Results of the Company for the year ended March 31, 2001 and also consider recommendation of dividend for the said financial year.

Kalyani Steels FY-01 net down by 86.32%

Kalyani Steels Ltd has posted a net profit of Rs 14.02 million for the year ended March 31, 2001 as compared to Rs 102.51 million last fiscal. Total Income for the year ended March 31, 2001 is at Rs 1406.84 million as against Rs 792.19 million in the year ended March 31, 2000. Other Income for the current year includes profit on sale of investments aggregating to Rs 152.26 million.

D-Link (India) Board approves amalgamation of subsidiary Company

D-Link (India) Ltd has informed BSE that the Board of the Directors of the Company at its meeting held today (May 28, 2001) has approved the following: a) to amalgamate with itself D-Link Infotech Ltd, a Subsidiary Company, and Open Link Network Ltd, subject to obtaining approval from the shareholders and the Hon'ble High Court of Judicature of Bombay at Panjim, Goa. b) to convert Open Link Network Ltd into a wholly owned subsidiary by purchasing shares from the existing shareholders.

BSE announces changes in BSE-100, BSE-200 and BSE-500 indices

BSE has informed its members that the Index Committee in its meeting held on May 25, 2001 has made the following changes in BSE-100, BSE-200 and BSE-500 indices. These changes would be effective from Monday, 9th July 2001. Replacement in BSE-100 Index Inclusions: 24084 Monsanto India Ltd. Exclusions: 75 Nagarjuna Fert. & Chemicals Ltd. Replacements in BSE-200 Index Inclusions: Code Name of the Company 32309 Alstom Power India Ltd. 32382 Balaji Telefilm Ltd. 93 Crompton Greaves Ltd. 940 Finolex Industries Ltd. 32357 Mukta Arts Ltd. 407 Swaraj Engines Ltd. 32409 Syngenta India Ltd. 7458 United Breweries Ltd. Exclusions: 532212 Archies Greetings & Gifts Ltd. 32184 Ciba Speciality Chemicals (India) 163 Godfrey Phillips India Ltd. 14043 Himatsingka Seide Ltd. 249 K S B Pumps Ltd. 252 Lakshmi Machine Works Ltd. 4130 OTIS Elevator Co. (I) Ltd. 22113 Timken India Ltd. Replacements in BSE-500 Index Inclusions: Code Name of the Company 32351 Aksh Optifibre Ltd. 32418 Andhra Bank 32385 Aztec Software & Tech. Ser. Ltd. 32382 Balaji Telefilm Ltd. 500064 Birla Global Finance Ltd. 5200 Eicher Motors Ltd. 6156 Etc Networks Ltd. 32371 Hughes Tele.Com (India) Ltd. 31085 Lakhani India Ltd. 531131 Mascon Global Ltd. 32416 Mid-day Multimedia Ltd. 32376 MRO-TEK Ltd. 32357 Mukta Arts Ltd. 32366 PNB Gilts Ltd. 339 Priyadarshini Cement Ltd. 32370 Ramco Systems Ltd. 15043 Saint-Gobain Securit India Ltd. 12299 Sterling Tea & Industries Ltd. 32348 Subex Systems Ltd. 30239 Suven Pharmaceuticals Ltd. 32409 Syngenta India Ltd. 32375 Tips Industries Ltd. Exclusions: 122 Ambuja Cement Rajasthan Ltd. 31534 American Remedies Ltd. 33 Bajaj Tempo Ltd. 3796 Birla VXL India Ltd. 20022 Denso India Ltd. 11072 Dewan Hsg. Finance Corp. Ltd. 31835 Eicher Ltd. 131 Elgitread (India) Ltd. 11026 Gulf Oil India Ltd. 181 Herbertsons Ltd. 7539 International Bestfoods Ltd. 7155 Jagatjit Industries Ltd. 5185 Kalyani Brakes Ltd. 17206 Lumax Industries Ltd. 531528 Maars Software International Ltd. 266 Maharashtra Scooters Ltd. 4130 OTIS Elevator Co. (I) Ltd. 8274 Rossell Industries Ltd. 31322 Shri Shakti LPG Ltd. 17451 Tudor India Ltd. 464 Ucal Fuel Systems Ltd. 31369 Wellwin Industry Ltd. Consequent to the above replacements in BSE-500 index, the constitution of the BSE - Sector indices, which are a sub-set of the BSE-500 would change accordingly.

Corporation Bank FY-01 results on June 6, 2001

A meeting of the Board of Directors of Corporation Bank is scheduled to be held on June 6, 2001 to consider amongst others, the financial results of the Bank for the year ended March 31, 2001 and propose dividend for the year 2000-2001. The aforesaid meeting will also finalise the date for holding third Annual General Meeting of the Bank as well as book closure for the purpose.

M & M Q4 net down by 60.45%, FY-01 net down by 54.24%

Mahindra & Mahindra Ltd has reported a net profit of Rs 292.96 million for the quarter ended March 31, 2001 as against Rs 740.74 million for the same period last year. Total Income for the quarter ended March 31, 2001 is at Rs 9519.57 million as compared to Rs 9201.71 million for the quarter ended March 31, 2000. Net Profit for the year ended March 31, 2001 is at Rs 1205.66 million as compared to Rs 2634.79 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 35975.29 million as compared to Rs 36359.42 million for the year ended March 31, 2000. The Board of Directors of the company has recommended a dividend of 55%. The dividend outgo, inclusive of dividend tax is Rs 666.97 million. The company has increased its market share in the Farm Equipment Sector substantially to 33.6% as against 27.1% in the previous year. In all 79,237 tractors were sold during the year as against 70,571 in the previous year registering a growth of 12.28%.

IDBI FY-01 net down by 27.03%

Industrial Development Bank of India has posted a net profit of Rs 6910 million for the year ended March 31, 2001 as compared to Rs 9470 million in the financial year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 78348 million as compared to Rs 78596 million in FY-00. The Board has recommended a dividend of 45% (Rs 4.50 per share) on equity shares for the financial year ended March 31, 2001.

SAIL FY-01 net loss at 7286.60 million

Steel Authority of India Ltd has posted a net loss of Rs 7286.60 million for the year ended March 31, 2001 as against a net loss of Rs 17200.20 million last fiscal. Total Income for the year ended March 31, 2001 is at Rs 148594.70 million as compared to Rs 152902.60 million for the year ended March 31, 2000. The Company has transferred and assigned its Unit II of the Captive Power Plant and Durgapur and Rourkela on March 07, 2001 to then subsidiary "Sail Power Supply Co.Ltd" later converted into Joint Venture Company with National Thermal Power Corporation Ltd for generation and sale of entire power to the Company. The profit of Rs 2868.90 million on transfer has been included under the head "Other Income".

KLG Systel to deploy Teamplay Enterprise Software in India

KLG Systel Ltd has announced today (May 28, 2001) that it has launched Primavera's enterprise software TEAMPLAY in India. KLG Systel and Primavera (the world's largest provider of project management solutions) have an existing alliance for the Indian market and their latest offering will help large and medium size Companies manage and implement end-to-end project life cycle solutions within their Companies. The TEAMPLAY software is already being used internationally by leading international Companies like Smithkline Beecham, KPMG, General Electrics, Enron and AIG and in India it will be used by KLG System to support the application development requirements in sectors such as Finance, e-business, Insurance and Retail. TEAMPLAY has tremendous application benefits and Project Management and optimization and is a powerful management tool that will help integrate project, process and resource management into one solution thereby maximizing the efficient and cost effective delivery of IT and software development projects. The software will enable the Company to strengthen its ability to consistently execute efficient projects by minimizing project life cycles and delivering results in real time thereby ensuring that their customers are able to maximize their Returns on Investment. Commenting on the launch of TEAMPLAY, Mr. Kumud Goel, Managing Director, KLG Systel and head, PMI NCR Chapter said, "KLG Systel has always strived to stay ahead of global technology trends by deploying cutting edge technologies for the benefit of Indian industry. By implementing TEAMPLAY, KLG Systel will be able to efficiently prioritize and manage projects and resources for the services sector which is currently growing at a phenomenal rate."

Zee Telefilms denies news article

With reference to the news item appearing in the leading financial daily titled," Zee spikes $ 1.5 billion ADR plan" Zee Telefilms Ltd has informed BSE that the Company's plans to issue ADRs are on hold and have not been dropped. The Company has further clarified that it would review its plans at an opportune time.

BPCL FY-01 results on June 06, 2001

A meeting of the Board of Directors of Bharat Petroleum Corporation Ltd is scheduled to be held on June 06, 2001 to take on record the Audited Financial Results of the Company for the accounting year ended March 31, 2001. At the said meeting, the Board will also consider the recommendation of Dividend for the year ended March 31, 2001.

BSE revises Special Margins on 42 scrips

BSE has informed 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 (May 28, 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 A C C A 25 12599 ADANI EXPORTS A 25 32399 ADLABS B1 25 31632 AVINASH INFORM B2 25 373 CLARIANT INDIA 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 GENER B2 25 31939 GENIUS COMM TRA B2 25 300 GRASIM INDUSTRY A 25 9079 GUFIC BIO SC B2 25 23477 GUJARAT GAS A 25 32181 GUJARAT MINERAL B1 25 183 HIMACHAL FUTURI A 25 23886 HINDUSTAN INKS B1 25 193 HOTEL LEELA VEN B1 25 32175 INFOTECH ENTER B1 25 32072 INTERWORLD FAS B2 25 888 JAIPRAKASH INDS A 25 32127 MOBILE TELE B2 25 24084 MONSANTO CHEM B1 25 32407 MOSCHIP SEMI B2 25 6954 MOTOROL SPECIAL B2 25 31209 NUCLEUS SOFTWA B1 25 32387 PRITISH NANDY B1 25 24632 RELISH PHARMACE B2 25 26089 ROOFIT INDUSTRY B1 50 13583 S.B & T INTER B1 50 32118 SAI INFO SERVIC B2 25 378 SAW PIPES A 25 17411 SHYAM TELECOM A 25 32274 SOFFIA SOFTWARE B2 25 32221 SONATA SOFTWARE A 25 32211 SUN EARTH CERAM B1 50 31637 SWORD & SHIELD B2 50 31830 TODAY'S WRITING B2 25 31554 TOP CASSETTES B1 25 26707 TOUBRO INFOTECH B2 50 32325 VITAL COMM B2 25 31404 ZICOM ELECT B2 25

Gulf Oil India MD expires

Gulf Oil India Ltd has informed BSE that Mr. K. Das Gupta, the Managing Director of the Company has expired on May 25, 2001 at 5.00 p.m. at Mumbai.

Ashok Leyland fixes Book Closure

Ashok Leyland Ltd has informed BSE that the Company has fixed July 03, 2001 to July 24, 2001 for the purpose of Annual General Meeting and Dividend. The Annual General Meeting of the Company is to be held on July 24, 2001.

Vam Organic Board approves allotment of convertible warrants

The Board of Directors of Vam Organic Chemicals Ltd at its meeting held on Saturday May 26, 2001 has approved the allotment of 1.50 million fully convertible equity warrants to promoters of the company and/or their nominees on preferential basis.

Infosys Technologies expands its operations in Germany

Leading IT consulting and software services company, Infosys Technologies Ltd is expanding its presence in Germany with a new engagement for BHF-BANK. Infosys' list of clients in Germany includes BHF-BANK, Adidas, Preis24.com and Franklin Templeton Investments. A global IT firm, Infosys is the pioneer of the Global Delivery Model and has leveraged its expertise to provide consulting and IT services to leading companies across the world, with financial services being a thrust vertical. BHF-BANK chose Infosys to realize business-critical IT initiatives - to build new-generation IT applications, as well as meet current business imperatives. In a highly business-critical engagement, Infosys is one of BHF-BANK'S IT service providers to realize an organization-wide time-critical compliance program for International Securities Identification Number (ISIN). ISIN is a security number standard that German banks must comply with in all the relevant IT systems. Infosys is establishing a strong presence as the IT partner of choice in Germany. We are fully committed to enabling our clients to use IT as a business advantage. Our expertise as business technologies has enabled us to add value to business and mission-critical projects of BHF, one of the foremost banks in this country", said Nandan Nilekani, Managing Director and Chief Operating Officer, Infosys Technologies.

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