Gontermann Peipers to consider issue of preference shares

A meeting of the Board of Directors of Gontermann Peipers India Ltd is scheduled to be held on July 30, 2002 to consider and take on record the following: 1. Unaudited quarterly results of the company for the quarter ended June 30, 2002 2. Issue of preference shares as per restructuring package approved by IFCI and Exim Bank.

Gujarat Heavy Chemicals allots new shares pursuant to amalgamation of SMML

Gujarat Heavy Chemicals Ltd has informed BSE that the Committee of Directors in its meeting held on Tuesday has allotted 1838011 equity shares of Rs 10 each fully paid up to the shareholders of erstwhile Sree Meenakshi Mills Ltd (SMML)

Sesa Goa Q1 net up by 60.84%

Sesa Goa Ltd has posted a net profit of Rs 103.76 million for the quarter ended June 30, 2002 as compared to Rs 64.51 million for the quarter ended June 30, 2001. Total Income has increased from Rs 573.55 million in JQ-2001 to Rs 854.13 million in the quarter ended June 30, 2002.

Rain Calcining Q1 net up by 155.29%

Rain Calcining Ltd has posted a net profit of Rs 74.80 million for the quarter ended June 30, 2002 as compared to Rs 29.30 million in the corresponding period last fiscal. Total Income has increased from Rs 649.50 million in JQ-2001 to Rs 777.20 million in the quarter ended June 30, 2002.

NTT Comware selects HSS SIP user agent toolkit for building scalable IP contactcenter

Hughes Software Systems Ltd specialists in convergent networks and India's leading communications software Company on Tuesday announced selection of HSS SIP User Agent Toolkit by NTT COMWARE Corporation (NTT Comware) for building scalable IP Contact Centers. NTT Comware has selected HSS for supplying protocol component for building SIP based IP contact center solution. The solution provides convergence between the equipment used for the contact center and the network. NTT Comware is a Company, which develops communication software and provides network based communication solutions for service providers. NTT Comware is also intricately involved in all phases of planning, design configuration, introduction and operation of massive NTT networks and internal systems to be used Japan.

IDBI announces change in Directorate

Industrial Development Bank of India has informed BSE that Govt of India, vide notification dated July 19, 2002 has appointed Shri D C Gupta, Secretary Financial Sector, Ministry of Finance, Dept of Economic Affairs as a Director on the Board of Industrial Development Bank of India wef July 19, 2002.

Amara Raja Batteries Q1 results on July 30, 2002

Amara Raja Batteries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 30, 2002 to consider and take on record the unaudited financial results for the quarter ended June 30, 2002

TISCO Q1 net up by 221.09%

Tata Iron & Steel Company Ltd has posted a net profit of Rs 659.20 million in quarter ended June 30, 2002 as compared to Rs 205.30 million in quarter ended June 30, 2001. The total income (net of excise) has increased from Rs 14105.30 million in JQ-01 to Rs 16346.10 million in JQ-02.

Syngenta India Q1 results rescheduled on July 30, 2002

Syngenta India Ltd has informed BSE that a meeting of the Board of Directors of the company is now scheduled to be held on July 30, 2002 instead of July 31, 2002. The Board among others, will consider unaudited financial results for the period ended June 30, 2002.

Hindalco Ind makes open offer to acquire 25.5% stake in Indal at Rs 120 per share

DSP Merrill Lynch Ltd has informed BSE that Hindalco Industries Ltd ("Hindalco") alongwith its wholly owned subsidiary Renukeshwar Investments & Finance Ltd ("RIFL"/"PAC") as Person Acting in Concert, is making a voluntary offer to the public shareholders of Indian Aluminium Company Ltd ("Indal") to acquire upto 18,182,507 fully paid up Shares of Rs 10 each representing 25.5% of the paid up equity share capital and being the balance outstanding equity share capital of Indal at a price of Rs 120 per share payable in cash subject to terms and conditions. Hindalco presently holds 5,30,66,724 (74.5%) equity shares in Indal as on the date of this Public Announcement. In June 2000, Hindalco acquired controlling stake of 54.6% comprising of 38.84 million shares from Alcan in Indal and further, 14.22 million shares (20% stake) in the resultant Open offer to the shareholder of Indal in terms of SEBI (SAST) Regulations. RIFL presently holds 7900 (0.01%) shares in Indal as on the date of this Public Announcement. Neither Hindalco nor RIFL have acquired any shares of Indal during the last 11 months, preceding the announcement, except for 1500 shares acquired in off market by RIFL at an average price of Rs 81.6 per share. The Offer is not conditional on any minimum level of acceptances, by the shareholders. If pursuant to this offer and / or acquisition of Shares from the open market or through negotiation or otherwise, the public shareholding falls to 10% of below, of the voting capital of Indal, then in terms of Regulation 21 (3) of SEBI (SAST) Regulations, Hindalco will make a second Offer to buy out the remaining outstanding shares held by the public shareholders within three months from closure of the offer, at the same offer price and the second offer would remain open for six months. On closure of the offer, Hindalco will request Indal to approach the Stock Exchanges, where its shares are listed, for delisting the shares. The Specified Date for the offer is August 16, 2002. The Offer will open on September 5, 2002. The Date of Closing of the offer is October 4, 2002.

Infosys appoints new head - Worldwide Sales

Infosys Technologies Ltd announced on Tuesday that Phannesh Murthy has resigned from the Company's Board of Directors and as Head -Sales & Marketing and Communication & Product Services (CAPS) effective July 23, 2002. Phaneesh Murthy cited as the reason for his resignation, the need for personal time to devote attention to and pursue a successful defense of, a recent lawsuit filed against him and the Company, alleging wrongful termination and sexual harassment. Infosys also announced that it has appointed Basab Pradhan as its new Senior Vice President and Head - Worldwide Sales, taking over part of Phaneesh's portfolio. Prior to his appointment, Basab Pradhan served as the Company's Regional Manager and Vice President - Sales (West North America)

LIC Housing Finance Q1 net up by 31.67%

LIC Housing Finance Ltd has posted a net profit of Rs 335.90 million in quarter ended June 30, 2002 as compared to Rs 255.10 million in quarter ended June 30, 2001. The total income has increased from Rs 1956.90 million in JQ-01 to Rs 2190.70 million in JQ-02.

NIIT Q3 results on July 30, 2002

NIIT Ltd has informed BSE that a meeting of the Board of Directors of the company is scheduled to be held on July 30, 2002 to consider and take on record the unaudited financial results for the quarter ended June 30, 2002.

Bharat Electronics Q1 net up by 88.59%

Bharat Electronics Ltd has posted a net profit of Rs 254.60 million in quarter ended June 30, 2002 as compared to Rs 135 million in quarter ended June 30, 2001. The total income has increased from Rs 1741.10 million in JQ-01 to Rs 3044.30 million in JQ-02.

GAIL Q1 net up by 10.76%

Gas Authority of India Ltd has posted a net profit of Rs 3105.60 million for quarter ended June 30, 2002 as compared to Rs 2804 million for quarter ended June 30, 2001. The total income has increased from Rs 26059.40 million in JQ-01 to Rs 26703.20 million in JQ-02.

Borax Morarji Board to consider rights issue

Borax Morarji Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on July 31, 2002 iner alia :- To consider and take on record the unaudited financial results for the first quarter ended June 30, 2002 To consider issue of rights shares if any.

MTNL announces change in management structure

Mahanagar Telephone Nigam Ltd has informed BSE that the following new directors have joined the company: R S P Sinha, Director Finance has joined the company in place of S Sundresan and V Shivkumar, Director Personnel (New Director).

Kodak Q2 results on July 30, 2002

Kodak India Ltd has informed BSE that the Board of Directors of the Company will meet on July 30, 2002 to take on record the unaudited financial results for the second quarter ended June 30, 2002.

Digital Globalsoft issues outlook for FY 03

Digital Globalsoft Ltd has informed BSE that the Company remains optimistic of long term business outlook and remains confident of outperforming sector growth rate in India for FY 2003. Som Mittal President & CEO, said " Digital has, increased the level of its operating activities through continuous efforts aimed at enhancing service levels and delivery capabilities with an intensive client centric view. Through innovative business development activities we continue to widen our customer base and invest in our people and infrastructure. Our venture in the contact space has been succesful and we expect it to continue to augment growth. Our financial performance reflects our endeavours in a difficult operating environment and though we take a conservative view on our performance we remain confident of our growth prospects in the long term"

Digital GlobalSoft Q1 net up by 43.75%

Digital GlobalSoft Ltd has posted a net profit of Rs 276 million in quarter ended June 30, 2002 as compared to Rs 192 million in quarter ended June 30, 2001. The total income has increased from Rs 728.30 million in JQ-01 to Rs 1016.20 million in JQ-02.

Punjab Tractors Q1 results on July 30, 2002

A meeting of the Board of Directors of Punjab Tractors Ltd is scheduled to be held on July 30, 2002 to consider and take on record the un-audited financial results of the company for the quarter ended June 30, 2002.

Hexaware Technologies Q2 net at Rs 5.60 million

Hexaware Technologies Ltd has posted a net profit of Rs 5.60 million for quarter ended June 30, 2002 whereas the same was Rs 21.97 million for quarter ended June 30, 2001. The total income for the current quarter is at Rs 217 million whereas the same was Rs 798.03 million in JQ-01. The Consolidated results are as follows: The Company has posted a net profit of Rs 8.17 million in quarter ended June 30, 2002. Total revenue for quarter ended June 30, 2002 is Rs 658 million. The corresponding quarter for the previous year figures include transactions of Training and Education Division of Aptech Ltd (now renamed as Hexaware Technologies Ltd) and excludes the figures in respect of erstwhile Hexaware Technologies Ltd. Accordingly the current quarter figures are not comparable to that of previous quarter

TVS Electronics to consider acquisition of business of AuctionIndia.com

The meeting of the Board of Directors of TVS Electronics Ltd will be held on July 25, 2002 for considering the following: Unaudited financial results for the quarter ended June 30, 2002. Acquisition of Business of an unlisted company viz.AuctionIndia.com Private Limited.

Ind-Swift Lab to consider forfeiture of equity shares

A meeting of the Board of Directors of Ind-Swift Laboratories Ltd is scheduled to be held on July 30, 2002 to consider and take on record the unaudited financial results for the quarter ended June 30, 2002 and the forfeiture of equity shares on which the allotment money is pending.

English Indian Clays to seek shareholders approval for issue of redeemable preference shares

English Indian Clays Ltd has informed BSE that the EGM of the Company will be held on August 26, 2002 to pass a resolution pertaining to issue of 1000000 12% Optionally Convertible Redeemable Preference shares on private placement basis.

Hikal Q1 net up by 15.56%

Hikal Ltd has posted a net profit of Rs 45.30 million for the quarter ended June 30, 2002 as compared to Rs 39.20 million in the corresponding period last fiscal. Total Income (net of excise) has increased from Rs 244.10 million in the quarter ended June 30, 2001 to Rs 256 million in the quarter ended June 30, 2002.

Shyam Telecom Q1 results on July 29, 2002

Shyam Telecom Ltd has informed BSE that the Board Meeting of the Company has been fixed for July 29, 2002 to consider and take on record the unaudited financial results (provisional) for the quarter ended June 30, 2002 amongst other business

Wartsila India Q2 net at Rs 14 million

Wartsila India Ltd has posted a net profit of Rs 14 million in quarter ended June 30, 2002 whereas the same was Rs 35 million in quarter ended June 30, 2001. The total income for the current year is at Rs 483 million whereas the same was Rs 740 million in JQ-01. Effective December 03, 2001 Wartsila Operations and Maintenance India Ltd - 100% subsidiary Company has been amalgamated with the Company. The figures for the current quarter include the figures of O&M activities. Hence the figures for the quarter are not strictly comparable with the corresponding quarter of the previous year.

Castrol India Q2 net up by 29.83%

Castrol India Ltd has posted a net profit of Rs 435.70 million in quarter ended June 30, 2002 as compared to Rs 335.60 million in quarter ended June 30, 2001. The total income (net of excise) has decreased from Rs 3013.90 million in JQ-01 to Rs 3006.10 million in JQ-02. The Board of Directors of the Company, at the meeting held on July 23, 2002 have announced payment of interim dividend of Rs 4 per share to the shareholders whose names appear on the Register of Members as on August 01, 2002.

Carrier Aircon Q1 net up by 153.77%

Carrier Aircon Ltd has posted a net profit of Rs 64.73 million for the quarter ended June 30, 2002 as compared to Rs 25.50 million in the quarter ended June 30, 2001. Total Income (net of excise) for the quarter ended June 30, 2002 is at Rs 1216.74 million as compared to Rs 1180.23 million in the quarter ended June 30, 2001.

High Court of Madras approves merger of Shiva Texyam with Annamallai Finance

Annamallai Finance Ltd has informed BSE that the High Court of Madras has approved on June 19, 2002 the merger of Shiva Texyarn Ltd. with the Company. Pursuant to scheme of amalgamation, 103,52,121 equity shares of Rs 10 each fully paid at a premium of Rs 5 per share were allotted on July 10, 2002 to the shareholders of Shiva Texyarn Ltd.

Bharti Tele subsidiary to launch cellular service in Mumbai

Bharti Tele-Ventures Ltd has informed BSE that M/s Bharti Cellular Ltd, a wholly owned subsidiary of the company which is holding license for providing Cellular Mobile Telephone Services in the cellular circle of Mumbai would be formally launching its operations on July 24, 2002.

Ranbaxy acquires Liquid Manufacturing facility from Signature Pharma Inc USA

Ranbaxy laboratories Ltd announced on Tuesday that it has acquired a liquid manufacturing facility from New York based Signature Pharmaceuticals Inc, on an asset purchase basis through its wholly owned subsidiary Ranbaxy Pharmaceuticals Inc, USA. This fully automated manufacturing and packaging line facility with state-of-the-art testing and quality assurance capabilities will be the first liquid manufacturing unit of the company in the US. The acquisition will also bring in advanced capabilities for research, development, manufacturing and distribution of controlled substances. This acquisition will be a strategic fit for its business in USA for the manufacture of certain liquid base dosage forms that would enable in-house production and strengthen its liquid product pipeline. This will result in cost savings with respect to the currently outsourced products and also exhibit and validation services for Ranbaxy's products in the US.

Avaya and Infosys partner for integrated CRM solutions

Avaya Inc. a leading global provider of voice and data networks to businesses, on Tuesday announced a partnership with Infosys Technologies Ltd, a global leader in providing consulting and IT services, to strengthen its CRM solutions. Utilising the skills of one of India's most successful integration and consulting companies will enable Avaya to undertake complex CRM implementations for Australian enterprises, and move into wider markets. The partnership covers Avaya's portfolio of Customer Relationship Management (CRM) solutions, including Avaya Interaction Centre, Avaya Commitment Manager and Avaya Business Intelligence. This alliance is Infosys's first with a product vendor in the Australian market and Avaya's first with Infosys anywhere in the world. While Avaya's BusinessPartners will continue to actively sell Avaya products and solutions, Infosys will manage the implementation process for complex projects and ensure that the solution integrates with the customer's business requirements. In addition, Infosys' global strength in the CRM market opens up a number of markets and opportunities for Avaya through projects initiated by Infosys. In those projects BusinessPartners will deliver the appropriate products and solutions, with Infosys managing the integration of the systems. Another strength of this partnership is Infosys' ability to integrate Avaya's portfolio of CRM solutions with third party products. "In many instances businesses already have software and infrastructure from other vendors. Infosys provides the capability to integrate these with Avaya's CRM solutions as well as provide seamless integration with the customers' business," said Ananda Rao, country manager - Australia & New Zealand, Infosys Technologies. As a part of the agreement, a core team of Infosys employees have undergone intensive training in Avaya's product portfolio. This group forms the hub of a Centre of Excellence (CoE), located in Infosys' Development Centre in Hyderabad, India. More Infosys employees will be trained to work in this centre to exclusively support Avaya CRM customers. The CoE will also develop and customise CRM solutions to meet the needs of individual customers in Australia. Utilising the skills of this dedicated team will help reduce development costs resulting in a lower total cost of ownership for customers. Infosys is already working with Avaya on a number of projects in Australia, and has some high profile customers.

Morepen Hotels Board to consider issue of preference shares to promoters

Morepen Hotels Ltd has informed BSE that the Board of Directors of the Company will meet on July 30, 2002 to, inter alia, Consider and take on record the unaudited financial results of the Company for the quarter ended June 30, 2002 Consider issuing of preference shares to the promoters/ associates subject to the approval of the shareholders at the ensuing AGM of the Company.