South Asian Petrochem - Limited Review for the quarter ended Sep 30, 2007

South Asian Petrochem Ltd has informed BSE that in the limited review report of the Company for the quarter ended September 30, 2007, the Auditors of the Company have made the following observations:

"Provision for deferred taxation has not been ascertained and accounted for the quarter and six months ended September 30, 2007."

Jindal Stainless - Allotment of equity shares

Jindal Stainless Ltd has informed BSE that the Company on November 30, 2007, has allotted 14,96,386 equity shares of Rs 2/- each upon conversion of 820 - 0.50% Convertible Bonds Due 2009 of US$ 41,00,000. Consequent upon conversion of convertible bonds, the paid up equity share capital of the Company has been increased from Rs 29,18,77,092/- to Rs 29,48,69,864/- divided into 14,74,34,932 equity shares of Rs 2/- each.

Adlabs Films - Allotment of Equity Shares

Adlabs Films Ltd has informed BSE that the Committee of the Board of Directors at its meeting held on November 30, 2007 has allotted 3,99,396 equity shares of Face Value Rs 5/- each for cash at a price of Rs 543.42 (including a premium of Rs 538.42) per share pursuant to the conversion notices received in respect of conversion of Zero Coupon Foreign Currency Convertible Bonds aggregating 4,000,000 Euros (or Rs 21,70,40,000) in value.

Pursuant to the allotment the total paid up share capital of the Company shall be Rs 20,72,08,830/- divided into 4,14,41,766 equity shares of Rs 5 each fully paid up.

Further pursuant to the allotment the Networth of the Company shall be Rs 400.35 crores.

The outstanding amount of Zero Coupon Foreign Currency Convertible Bonds is now 67,565,000 Euros in value.

Birla VXL - Limited Review for the quarter ended Sep 30, 2007

Birla VXL Ltd has informed BSE that in the limited review report of the Company for the quarter ended September 30, 2007, the Auditors of the Company have made the following observations:

"1. In absence of substantial evidence regarding advances towards building aggregating to Rs 881 lac, considered good by the management, the Auditors are unable to comment upon the ultimate recoverability of the same. Necessary recognition of interest etc, if any, will be made on settlement of ongoing legal / arbitration proceedings.

2. The accounts have been drawn on going concern basis, despite negative net worth, as the Board expects that under improved market conditions, post implementation of various provisions of Scheme and continued initiatives towards operational improvements, adequate net worth and working capital will be available for sustained operations.

3. Note no. 2 of accompanying statement of unaudited financial results, which states that the effect of revised Accounting Standard 15 'Employees Benefit', and provision for Taxation, including deferred tax, will be determined and dealt with at the year end.

4. Balances of debtors, creditor, loans and advance, secured and unsecured loans are subject to confirmation and / or reconciliation, impact whereof is currently not ascertained."

GE Shipping contracts to buy 2 Supramax Dry Bulk Carriers

Great Eastern Shipping Company Ltd (GE Shipping) has announced that the Company has placed an order for 2 new building Supramax Dry Bulk Carriers. These vessels (of approx 57,000 dwt each) are being built at the Cosco (Zhoushan) Shipyard Co. Ltd, and are expected to join the Company's fleet during Q4 FY 2009-10.

The objective of ordering these dry bulk vessels is with a view to enhance tonnage and participate in the increasing opportunities in the dry bulk commodities trade. In line with the same view, the Company had contracted to buy 2 new building Kamsarmax dry bulk carriers in Oct' 07, which are expected to join the Company's fleet in Q4 FY10-11 & Q1 FY11 - 12 respectively.

With this contract, the Company's current new building order book comprises 8 vessels aggregating 0.57 mn dwt (4 LRI product tankers aggregating 0.30 Mn dwt & 4 dry bulk carriers aggregating 0.27 mn dwt).

Exide Industries fixes Record Date for Right Issue

Exide Industries Ltd has informed BSE that the Rights Issue Committee at its meeting held on November 30, 2007, has fixed December 17, 2007, as the Record Date for reckoning the eligible shareholders who are entitled to apply to the Rights Issue of the Company of 5,00,00,000 fully paid equity shares with a face value of Re 1/- each for cash at a premium of Rs 29/- per shares (i.e. at a price of Rs 30/- per share) aggregating Rs 150 crores in the ratio of 1 (One) fully paid equity share for every 15 (Fifteen) fully paid equity shares (i.e., 1:15) of Re 1/- each.

Visaka Industries - Updates

Visaka Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2007, has allotted 3,00,000 Equity Shares and 9,00,000 Convertible Equity share warrants to M/s. Sandadi Homes Pvt Ltd, on preferential basis @ Rs 138.10/— per share.

While the Company has received total consideration for the equity shares, it has received 10% of the issue amount viz., Rs 1,24,29,000/- (Rupees One Crore Twenty Four Lakhs and Twenty Nine Thousand Only), towards allotment of 9,00,000 Convertible Equity share warrants, as application and allotment money.

As per the SEBI (Disclosure and Investor Protection) Guidelines, 2000, the option to acquire the Equity Shares can be exercised by the Warrant Holders in one or more tranches on or before the expiry of 18 months from the date of allotment of the warrants, viz., on or before the November 24, 2007.

However, the Company has informed that, the said allottee viz., M/s. Sandali Homes Pvt Ltd, has failed to exercise its option under the Warrants, to acquire the equity shares of the Company, within the time limit prescribed. As the Warrants so allotted by the Company have lapsed, the Company has, as per Clause: 13.1.2.3 (c) of said Guidelines, forfeited the amount paid by the allottee on the said warrants.

MTNL - Limited Review for the quarter ended Sep 30, 2007

Mahanagar Telephone Nigam Ltd (MTNL) has informed BSE that in the limited review report of the Company for the quarter ended September 30, 2007, the Auditors of the Company have made the following observations:

"1. The Company has adopted the basis for valuing Fixed Assets, Capital Work in Progress & Depreciation and expenditure on replacement on cables, apparatus & plants installation and rehabilitation work is capitalized as per Significant Accounting Policy of the Company, which in the auditors opinion, is not in agreement with Accounting Standard - 10 - 'According for Fixed Assets', and Accounting Standard - 6 - 'Accounting for Depreciation', issued by the Institute of Chartered Accountants of India.

2. The Company has adopted the basis of valuation of inventories (except for WLL Handsets) as per Significant Accounting Policy of the Company which is not in accordance with the Accounting Standard - 2 on 'Valuation of Inventories' issued by the Institute of Chartered Accountants of India. Further the Company has not done compliance of AS - 28 'Impairment of Assets'.

3. The provision for Bonus / Ex-Gratia, Liabilities of post retirement benefits as per AS - 15, accrual income & depreciation has been made on estimated basis Pending actual determination of the liability, the impact of the same on the accounts for the quarter under review is not ascertainable.

4. The sundry debtors control account, subscriber account and interest accrued thereon unlinked receipts from subscribers balance with DOT & BSNL are subject to reconciliation and consequent adjustments.

5. To the best of our knowledge and belief and according to the explanation given to the auditors the Company is in process of giving effect of the qualifications made by the auditors in respect of previous accounting years. The impact of these qualifications on the Profit and Loss account for the quarter under report, as required under the provisions of clause 41 of the Listing Agreement is unascertainable."

GTL - Updates on Buyback of equity shares

GTL Ltd has informed BSE about the following:

"With reference to the Letter of Offer dated October 15, 2007 issued by the Company under the Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 for Buyback up to 86,29,333 Equity shares through tender route.

The Company's Buyback offer opened on October 29, 2007 and closed on November 19, 2007. The Company received good response to the Buyback offer with 3.768 times acceptance from the Shareholders. Since the total number of shares tendered by the shareholders is more than the Buyback size, the shares accepted by the Company are on proportionate basis in accordance with the Buyback regulations.

The Company paid out Buyback consideration amounting to Rs 258.88 Crore and the excess shares returned to the shareholders who responded to the Company's Buyback offer. In view of the said Buyback offer, the promoters' shareholding in the Company has gone up from 32% to 34.70%.

In terms of the Buyback regulations, the Company will cancel and extinguish 86,29,333 Equity shares received under the Buyback offer."

Ballarpur Industries - Updates on Scheme of Arrangement & Reorganisation

Ballarpur Industries Ltd has informed BSE that the Scheme of Arrangement and Reorganisation between the Company and BILT Graphic Paper Products Ltd and their respective Shareholders and Creditors (Company Petition No 12 / 2007) has been duly sanctioned by the Hon'ble High Court of Bombay, Nagpur Branch vide its order dated November 30, 2007.

Sintex Industries - Grant of Options under ESOP

Sintex Industries Ltd has informed BSE that pursuant to the approval of the (i) shareholders of the Company at the Extra Ordinary General Meeting of the Company held on October 10, 2006; and (ii) the Compensation Committee of Directors at its meeting held on November 30, 2007, the Sintex Employees Welfare Trust, on recommendation of Compensation Committee has granted 6,63,500 options to the Employees of the Company under the Sintex Industries Employee Stock Option Scheme, 2006.

Reliance Energy - Media Release

Reliance Energy Ltd (REL) has informed BSE that the Company's group Company, Reliance Power Ltd, on November 30, 2007 has been awarded a Letter of Intent for the 4,000 MW imported-coal based Ultra Mega Power Project at Krishnapatnam Andhra Pradesh, which will have an estimated capital outlay of Rs 20,000 crore.

This is in addition to the 4,000 MW domestic-coal based Ultra Mega Power Project at Sasan, Madhya Pradesh, involving an estimated capital outlay of about Rs 18,000 crore, which was awarded earlier this year to Reliance Power.

Reliance Power's estimated capital outlay for these two projects alone aggregates approximately Rs 40,000 crore. In addition, Reliance Energy and / or its group Companies are implementing several large infrastructure development projects, in the areas of metro railways, roads, real estate, etc.

In order to augment long term resources for the REL's contribution to Reliance Power, as well as for financing the large number of mega infrastructure projects that are being implemented by the REL group, and several others that are in the pipeline, the Board of Reliance Energy Ltd will meet on December 02, 2007 to consider proposals for raising resources by way of preferential allotment of equity and / or equity related securities, and / or long term debt, and / or other financial instruments.

BAG Films clarifies on news items

With reference to the news item titled "BAG Films in talks to raise funds via arm Big Glamours:Sources", BAG Films & Media Ltd has clarified to BSE that the Company deny any such information which may be based purely on the market rumours. The Company has not sold any Stake of B.A.G. Glamour to Star T.V. as far as the rising of funds through FCCBs is concerned, the Company has already intimated the same to the Stock Exchange, though it would like to clarify that funds through FCCBs are to be raised in B.A.G Films & Media Ltd and not in B.A.G Glamour Pvt Ltd as is seen in the quoted news article.

HPCL - Outcome of Board Meeting

Hindustan Petroleum Corporation Ltd (HPCL) has informed BSE that the Board of Directors of the Company at its meeting held on November 30, 2007, has accorded its approval for signing of the Share Purchase Agreement and subscribing to the shares of OIL to be disinvested by Government of India.

Ingersoll Rand - Updates

With reference to the earlier announcement dated July 31, 2007, September 07, 2007 and October 22, 2007, Ingersoll Rand India Ltd has informed BSE that the sale of Utility Equipment, Attachments and Bobcat Business to Doosan International India Pvt Ltd for a consideration of Rs 1,031,000,000 has been completed on November 30, 2007.

Ckoramaandel Cements Board approves Bonus Issue

Ckoramaandel Cements Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 30, 2007, inter alia, has transacted the following:

1. Recommended to the Members for their approval, the issue of Bonus Shares in the ratio of 7 Bonus Shares for every 4 Shares held by the members, in the ensuing Annual General Meeting of the Company.

2. Approved to convene the Annual General Meeting of the Members of the Company to be held on December 31, 2007.

Polaris Software - Updates

Polaris Software Lab Ltd has informed BSE about the following:

"This has reference to Serial No 20 of Notes to the Accounts of the Company for the year ended March 31, 2007.

The said Case was there in a USA Court for trial on November 26, 2007.

On the said day, the Plaintiffs agreed to withdraw all their claims on a payment of
US$ 6,00,000 (US Dollars Six hundred thousand only) to which Polaris agreed and there after Judge Pisano did not hold trial. The Judge further announced that the case is dismissed for ever, in view of the settlement claims.

The Attorney of both parties have been directed to settle the terms of the payment and other modus operandi. Therefore, the case has ended in a compromise mode on November 26, 2007."

Dhanus Technologies - Updates

Dhanus Technologies Ltd has informed BSE that the Company has launched its product called "FLEETRAC", a Vehicle Tracking System on November 29, 2007. It is an advanced tracking service for remote monitoring and tracking of vehicles.

BWL - Updates

BWL Ltd has informed BSE that the major Plant & Machinery of Company's Optical Fibre Cable Division, situated at Shimla, Shoghi (H.P) has been disposed off for a consideration of EURO 3,00,000, Rupee equivalent 167,00,383 with the permission of the secured creditors.

The entire proceeds have directly been paid to the secured creditors of the Company for the repayment of one time settlement (OTS) of their dues.

ACC - Allotment of equity shares against exercise of ESOS

ACC Ltd has informed BSE that pursuant to the Resolutions passed by Circular dated November 26, 2007, by the Shareholders / Investors Grievance Committee of the Board:

11,697 shares were allotted against exercise of Employee Stock Options under various ESOS as under:

ESOS 2001 : 500 shares
ESOS 2003 : 1,600 shares
ESOS 2004 : 9,597 shares

Consequently, the paid up Share Capital of the Company has increased from 18,75,53,132 shares to 18,75,64,829 shares of Rs 10/- face value, as of date.

Indo Asian Fusegear - Updates

Indo Asian Fusegear Ltd has informed BSE that the Company has promoted a subsidiary Company to venture into Cables & Wires manufacturing business. For this purpose, the subsidiary Company has already purchased the land for the project. The estimated project cost will be approximately Rs 100 crores to be invested in phases.

Shree Renuka Board recommends dividend

Shree Renuka Sugars Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 30, 2007, inter alia, has recommended a final dividend of 20% (i.e. Rs 2 per share), on the equity shares of the Company for the year ended September 30, 2007.

GE Shipping - Press Release

Great Eastern Shipping Company Ltd (GE Shipping) has informed BSE that Greatship Global Offshore Services Pte. Ltd., the wholly owned subsidiary of Greatship (India) Ltd, has announced upgradation of the two Multi Purpose Platform Supply & Support Vessels ordered on Mazgaon Dock Ltd to Multi Support Vessels (MSVs).

Greatship (India) Ltd is a wholly owned subsidiary of the Company.

In this regard the following press release as follows:

Greatship Global Offshore Services Pte. Ltd., the wholly owned subsidiary of Greatship (India) Ltd (GIL), has announced the upgradation of the two vessels ordered on Mazagon Dock Ltd to Multi Support Vessels (MSVs). As previously announced, the Company had contracted two Multi Purpose Platform Supply & Support Vessels (MT6012 design) to be delivered in the third and fourth quarters of 2009-10. These vessels were designed for operating in deep waters (1000 - 3500 metres water depth), supplying and supporting complex exploration and production operations far away from shore.

Now, these vessels have been upgraded to MT6012 Mark II design. Each will be equipped with a 100 Ton active heave compensation offshore crane, a helideck, increased accommodation (100 pax), a moonpool (for diving and ROV services) and be prepared for FiFi 1 & 2. With these enhancements, the vessels will become part of an exclusive and limited global fleet of MSVs capable of multiple operations and outputs.

This upgradation has been done with the objective of tapping the burgeoning sub-sea construction markets, both globally as well as in India. MSVs play a critical role in new construction and in maintenance of various offshore assets and equipment, and will see increasing demand as the world moves further offshore (into deeper and distant waters) in search of new reserves of oil and gas.

GIL currently own and operate three PSVs, two in India and one in the North Sea. GIL, along with its subsidiaries, also has an order book of sixteen vessels and one rig under construction - two PSVs in Norway, four AHTSVs in Sri Lanka, four AHTSVs and four MPSVs in Singapore, these two MSVs in India and a premium 350' jack up rig in Singapore.

Satyam Computer - Conversion of Stock Options

Satyam Computer Services Ltd has informed BSE that the Compensation committee of Directors of the Company allotted 13,677 equity shares through circular resolution on November 29, 2007, approved on November 30, 2007 under stock option plans of the Company.

Consequent to the above allotment, the paid up share capital of the Company has gone up from 669,269,426 equity shares of Rs 2/- each aggregating Rs 1,338,538,852.00 to 669,283,103 equity shares of Rs 2/- each aggregating Rs 1,338,566,206.00.

Thomas Cook - Updates

Thomas Cook India Ltd has informed BSE that the Company have been informed by Dubai Financial Group LLC that they have filed a letter with the Securities and Exchange Board of India (SEBI), under Regulation 10 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 1997, seeking suitable directions from SEBI in the matter of Internal Restructuring of their parent Companies.

MRF - Updates

MRF Ltd has informed BSE that the Management has declared a token lock out for one day from 7 A.M. on November 30, 2007 to 7 A.M. on December 01, 2007 at the Company's Manufacturing Plant at Tiruvottiyur situated at Tiruvottiyur High Road, Chennai, Tamil Nadu.

Further the Company has informed that, the Company's other plants at Arakkonam in Tamil Nadu, Eripakkam Village in Puducherry, Kottayam in Kerala, Medak in Andhra Pradesh and at Usgao in Goa are producing tyres as per the Company's production schedule.

Omaxe - Memorandum of Understanding (MOU) for facilitating the Setting up of SEZ

Omaxe Ltd has informed BSE about the following:

1. The Company has, on the occasion of Resurgent Rajasthan Partnership Summit held on November 30, 2007 at Jaipur, has entered into Memorandum of Understanding with State of Rajasthan for facilitating the setting up of "Multi Product Special Economic Zone" at District Alwar Rajasthan.

The proposed SEZ is, over 5000 hectares (12500 acres approx) of land in Dist Alwar, Rajasthan, to be set up over a estimated period of 5 years and is expected to generate direct and indirect employment for approximately 6 Lac people in the State of Rajasthan.

Further it may be noted that the Department of Commerce, Ministry of Commerce and Industry Government of India has accorded 'in Principle approval' to the Company for setting up of the above said Project.

2. Further Company has informed that, the Company has promoted a wholly owned subsidiary by the name of Omaxe Rajasthan SEZ Developers Ltd by making an investment of Rs 5,00,000/-
(Rupees Five Lacs).

Parle Software Board recommends Bonus Issue

Parle Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 30, 2007, inter alia, has considered and approved the following:

1. Recommended Issue of Bonus Shares in the ratio of 3:1 (THREE Equity Shares of Rs 10/- each fully paid up for every ONE Equity Shares of Rs 10/- each held in the Company). The record date for issue of bonus shares shall be decided after obtaining consent of the members of the Company.

2. Notice convening the Extra Ordinary General Meeting.

Carborundum Universal - Updates

Carborundum Universal Ltd has informed BSE that the Company had commissioned in December 2006 a state-of-the-art Coated Abrasives manufacturing facility at Sriperumbudur near Chennai. Following this, the manufacturing operations of the Coated Abrasives plant at Pallikaranai near Chennai was discontinued subsequently and the plant was closed this month. The Company has now disposed off the land and building at Pallikaranai for a consideration of about Rs 58 crores.

TVS Electronics clarifies on news item

With reference to the news item appearing in a leading financial daily regarding sale of 6.18 acres of land at Nandambakkam, Chennai by TVS Electronics Ltd, in this connection TVS Electronics Ltd has informed BSE that the said property does not belong to TVS Electronics Ltd.

Gateway Distriparks - Updates

Gateway Distriparks Ltd has informed BSE that Capt. Christopher Verma has stepped down as Chief Executive Officer (CEO) of the Company with immediate effect, to pursue his own interests.

Under the Company's management structure, each operating unit has its own management team with the CEO overseeing and co-ordinating the work of these teams. This supervisory function wilt now be taken over by Mr. Prem Kishan Gupta, Dy. Chairman & Managing Director of the Company.

Moser Baer to set up India's largest grid connected Solar farm in Rajasthan

Moser Baer India Ltd has informed BSE that Moser Baer Photo Voltaic (MBPV), a wholly owned subsidiary of the Company on November 30, 2007 announced that it has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan for setting up of a large Solar Power Project in the State with an estimated generation capacity of 1 - 5 MW. The project will be the largest grid-connected solar farm in India and entail an investment of around USD 25 million (Rs 100 crores) at USD 4.5 million per MW. The MoU was signed on November 30, 2007 at the 'Resurgent Rajasthan' summit at Jaipur between MBPV and Rajasthan Renewable Energy Corporation (RREC).

The SAARC region has large demand supply imbalances in energy generation capacities, with an increasing need to explore alternate and efficient energy sources. This offers a significant potential to Solar Photo Voltaic as an efficient energy option in the region. "MBPV aims to redefine the paradigms of solar power generation through its world class manufacturing and multi technology capabilities and demonstrate a commercially viable, grid-connected PV energy system in India through this project," said Ravi Khanna, CEO of MBPV. "This project is a pioneering initiative in that direction and we believe that the SAARC region provides huge opportunity for such large sized projects." he added.

Moser Baer is also evaluating various options for setting up large sized solar farms across the SAARC region with strategic tie ups with some of the leading global Solar PV Companies and clean energy funds.

Moser Baer Photo Voltaic plans to emerge as a leading technology driven PV equipment manufacturer in the world by implementing a capacity of 500 MW by FY10 through a mix of technologies in the crystalline silicon, concentrator and thin film domain.

The Company's photovoltalc equipment manufacturing capacities for crystalline silicon, concentrator and thin film technologies are coming up in an SEZ in Greater Noida.

Power sector in Rajasthan

Rajasthan is on course to become self sufficient in power by 2008. Besides setting up new power projects in the state sector, the government is also promoting private investment in power generation. The state already has an installed capacity of 5,500 MW of power and will add 4500 MW by 2011-12 through state sector projects of 1500 MW, private sector projects of 1500 MW and central sector projects of 1500 MW. Over 520 MW of non-conventional power is already being generated by private units in the State.

Fedders Lloyd fixes Book Closure for Dividend & AGM

Fedders Lloyd Corporation Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from December 27, 2007 to December 29, 2007 (both days inclusive) for the purpose of payment of dividend & 51st Annual General Meeting (AGM) of the Company to be held on December 29, 2007.

Alchemist fixes Book Closure for Dividend & AGM

Alchemist Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from December 24, 2007 to December 27, 2007 (both days inclusive) for the purpose of payment of dividend & 18th Annual General Meeting (AGM) of the Company to be held on December 27, 2007.

Siemens Medical Board recommends dividend

Siemens Medical Solutions Diagnostics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 29, 2007, inter alia, has recommended a dividend of Rs 6.00 Per Equity Share (@ 60%) for the nine months period ended September 30, 2007.

JSW Steel equity & preference shareholders to approve Scheme of Amalgamation

JSW Steel Ltd has informed BSE that pursuant to the Order made by the High Court of Judicature at Bombay, separate meeting of the equity shareholders & preference shareholders of the Company will be held on December 28, 2007, for the purpose of considering and if though fit, approving with or without modification(s), the arrangement embodied in the Scheme of Amalgamation of Southern Iron & Steel Company Ltd with the Company.

Further the Company has informed that, an Extra Ordinary General Meeting (EGM) of the equity shareholders of the Company will be held on December 28, 2007, or soon after the Court Convened Meeting of the equity shareholders, whichever is later.

Reliance Communications - Limited Review for the quarter ended Sep 30, 2007

Reliance Communications Ltd has informed BSE that in the limited review report of the Company for the quarter ended September 30, 2007, the Auditors of the Company have made the following observations:

"Attention is drawn to note 7 (iii) to the financial results, with effect from April 01,
2007, the Company has reclassified the liability towards foreign currency convertible bonds ('FCCB') from monetary to non-monetary liability on the basis that given the current trend of earnings and movement of the Company's share prices over a period of redemption of the aforesaid bonds, it is expected that the bond holders would opt for conversion into shares of the Company and not redeem them for cash. Accordingly the liability towards FCCB has not been revalued at the period end exchange rate."

Aksh Optifibre Board recommends dividend

Aksh Optifibre Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 24, 2007, inter alia, has proposed dividend @ 10% on 4,29,62,324 equity shares of Rs 5 each i.e. Rs 0.50 per share aggregating to Rs 251.32 lacs including corporate dividend tax.

Sanguine Media Board to consider rights issue

Sanguine Media Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 07, 2007, inter alia, to consider the following:

1. Issue of rights shares to the equity shareholders of the Company.

2. Appointment / Resignation of Director.

Nirma - Updates

With reference to the earlier accouchement dated November 27, 2007 regarding for the acquisition of U.S. based Company, Nirma Ltd has informed BSE that the Company has incorporated Karnavati Holdings Inc, in Delaware, U.S.A., a Wholly Owned Subsidiary (WOS) of the Company.

Centrum Capital Board recommends dividend

Centrum Capital Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 29, 2007, inter alia, has recommended to pay dividend to the equity shareholders of the Company at the rate of Rs 1/- per share at the Annual General Meeting which is decided to be held on December 31, 2007 of the Company.

Moschip Semiconductor - Grant of Stock Options

Moschip Semiconductor Technology Ltd has informed BSE that the Compensation Committee of the Company by passing resolution by circulation on November 26, 2007 has granted, in aggregate 626,000 (Six Lakh Twenty Six Thousand Only) stock options to the eligible employees of the Company under the MosChip Stock Option Plan 2001, 2002 and 2004, at a price of Rs 24.40 per option (Closing Price as on November 23, 2007 at BSE).

Bombay Dyeing - Outcome of Board Meeting

Bombay Dyeing & Manufacturing Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 29, 2007, has allotted 660 shares of the face value of Rs 10 each as fully paid up to Mr. Dipchand L Taswala, on exercise of the rights attached to 1st and 2nd detachable warrants forming part of the Rights Issue made in 1993 as fully paid-up ranking pari passu with the existing Equity Shares of the Company in all respects.

Kirloskar Electric - Updates

With reference to earlier announcement dated November 28, 2007, Kirloskar Electric Company Ltd has informed BSE that the Kirloskar Power Equipments Ltd whose operating business is proposed to be demerged into the Company, is engaged in the business of manufacturing and selling of Cast Resin Dry Type Transformers and Oil Filled Transformers. Their turnover for the year ended March 31, 2007 was Rs 112.25 crores and profit after tax was Rs 12.59 crores. The corresponding figures for the previous year are Rs 69.81 crores & Rs 3.52 crores. Their paid up capital is 35,00,000 equity shares of Rs 10/- each.

The Total no of share that will be issued consequent to issue of shares to be shareholders of Kirloskar Power Equipments Ltd & Kaytee Switchgear Ltd will be 1,72,52,550 shares of Rs 10/- each.

A Trust will hold the share to be issued in respect of the shares held by the Company in the above two companies.

Lanco Infratech - Updates

Lanco Infratech Ltd has informed BSE that the Company has received Letter of Acceptance (LOA) for Procurement of Civil Works Chabi-Shahpura-Umaria Road Project in the State of Madhya Pradesh from Madhya Pradesh Road Development Corporation Ltd, Bhopal, for a total Contract Value of Rs 101.03 Crores.

Rama Newsprint - Limited Review for the quarter ended Sep 30, 2007

Rama Newsprint & Papers Ltd has informed BSE that in the limited review report of the Company for the quarter ended September 30, 2007, the Auditors of the Company have made the following observations:

"Non provision of Deferred Tax liabilities which is the Company would provide at the year end, as mentioned in Note No. 2".

Sathavahana Ispat - Limited Review for the quarter ended Sep 30, 2007

Sathavahana Ispat Ltd has informed BSE that in the limited review report of the Company for the quarter ended September 30, 2007, the Auditors of the Company have made the following observations:

"Non provision of current tax and deferred tax for the period ended September 30, 2007 and consequential adjustments from out of the Profit for the period as provided in Accounting Standard 22 i.e., 'Accounting for Taxes on Income' issued by the Institute of Chartered Accountants of India."

Geometric Software - New version of DFM Pro 2008 available from Geometric

Geometric Software Solutions Company Ltd on November 29, 2007 announced the release of Service Pack 1 of DFMPro 2008 on SolidWorks platform, which focuses on report generation functionality and 64-bit platform support.

DFMPro now generates reports that include:

- Tabular summary of results

- Parametric information (expected vs actual) about failure instances

- Grouped image snapshots of failures based on failure type

- CAD independent, browser viewable reports

- Customizable style sheets for formatting reports

- Report data in XML format for easy integration with other enterprise systems

DFMPro 2008 on SolidWorks has been enhanced to support 64-bit Windows XP OS in order to leverage better processing power and larger computing memory.

DFMPro is a revolutionary "Design For Manufacturability" productivity tool for industrial designers. It facilitates upstream manufacturability validation and identification of areas in design that are difficult, expensive, and impossible to manufacture. DFMPro includes advanced design rules for manufacturing processes such as milling, drilling, turning, and sheet-metal fabrication. It also contains rules to process manufacturing tolerances specified using SolidWorks Intelligent Feature Technology. Tightly integrated with SolidWorks, DFMPro is an add-in that allows designers to perform complete design checks and analysis for manufacturability, all within SolidWorks sessions.

UB Engineering - Limited Review for the quarter ended Sep 30, 2007

UB Engineering Ltd has informed BSE that in the limited review report of the Company for the quarter ended September 30, 2007, the Auditors of the Company have made the following observations:

"1. With respect to observations in the audited accounts for the year ended March 31, 2007, on going concern basis aspect, on Income Tax Demands under appeal aggregating to Rs 110 Lakhs, recoverability of other Sundry Debtors amounting to Rs 819.58 Lakhs, the loss that may arise for assets located at Kochi site and pending reconciliation of Provident Fund account. The management has replied that there are no significant developments during the Quarter and Half year ended September 30, 2007.

As regards demand for Income Tax referred to therein, the same is still under appeal.

2. The Company has accumulated loss which gives rise to deferred tax asset. As a policy, the Company recognizes such asset only in its Annual Accounts in accordance with the Accounting Standard 22. No amount of such asset is, therefore, recognized for the said Quarter and Half year ended September 30, 2007."

IOC - Limited Review for the quarter ended Sep 30, 2007

Indian Oil Corporation Ltd (IOC) has informed BSE that in the limited review report of the Company for the quarter ended September 30, 2007, the Auditors of the Company have made the following observations:

"The Auditors have relied on the Management's representation that :

The Company shall be receiving Special Oil Bonds from Government of India aggregating to Rs 6362.25 crore for the period April-September 2007 as per the advice from Ministry of Petroleum & Natural Gas. Pending actual issuance of Bonds, the Company has accounted for the same as grants. (Refer note no 4 of the published results.)".

GMR Infrastructure - GMR's Vemagiri Power Plant gears up for January 08 operations

GMR Infrastructure Ltd has announced that the GMR Group's Vemagiri power plant situated at Rajahmundry in Andhra Pradesh will start generating power from January 2008 onwards, initially for a period of four months. This follows the State government's assurance to provide 1.12 - 1.15 million cu.m. of natural gas per day from GAIL India Ltd.

GMR's 388.5 MW Vemagiri plant, which was commissioned in November 2006, operates on the combined cycle technology, and uses natural gas as fuel. It is one of the most cost-effective Independent Power Producers (IPPs) in the country. Under the Power Purchase Agreement, Vemagiri Power Generation Ltd has to supply power to APTRANSCO for a period of 23 years.

Mr. Raajkkumar, CEO of the GMR's Energy Sector, confirmed that, "The Andhra Pradesh government has conveyed its willingness to supply gas to our Vemagiri project from January, 2008. The plant has not been operational for about a year now, due to the non-availability of fuel. This is a very positive development and a win-win situation for both, the people of Andhra Pradesh as well as our Company."

The Vemagiri power plant is the largest amongst the three operational plants of GMR Energy.

The other power projects of the Company are:

Operational

• 20O MW Low Sulphur Heavy Stock (LSHS) - fired power plant in Chennai which commenced commercial operations in 1999

• 220 MW Naphtha - fired power plant in Mangalore which commenced commercial operations in 2001

Under Development:

• 140 MW hydroelectric power plant on the river Alaknanda in Uttaranchal

• 1050 MW Coal based power plant in Angul / Dhenkanal districts at Orissa

• 160 MW Hydroelectric power project in Tallong district of Arunachal Pradesh

• 1000 MW coal based Thermal power project in Chattisgarh

• 180 MW project on River Ravi in Chamba District of Himachal Pradesh.

Subex Azure - Press Release

Subex Azure Ltd on November 29, 2007 announced the global launch of its Data Integrity Management (DIM) Practice. The new DIM Practice offerings combine best-practice consulting services with the industry's leading data integrity product, Syndesis TrueSource. It enables communications service providers to achieve low-risk operations transformations, adopt lean operating principles, derive more value from BSS / OSS resources, prevent revenue leakage, and improve fulfillment assurance and billing performance.

Data integrity management refers to the management of the accuracy, quality and consistency of data that drives operational processes in service providers. Inaccurate data is the leading cause of service provisioning errors, revenue leakage, extended service outages and poor process automation. Subex Azure pioneered the product space to address these problems and today is the worldwide leader in DIM deployments. The TrueSource solution is part of the industry’s most significant operational transformations in Tier 1, 2 and 3 service providers. The solution has been selected to ensure the accurate inventory tracking of more than $25 billion in network assets across the globe.

Building on knowledge garnered over six years of successful data integrity projects, Subex Azure is now introducing DIM Practice offerings, consulting services which share insights and best practices for data integrity problem diagnosis, correction and prevention. Subex Azure has found that data integrity management is a cornerstone of all successful OSS transformations and lean operations. Further, DIM is a foundation for establishing a Revenue Operations Center (ROC), an integrated framework for monitoring and managing the impact of service provider operations on profit.

"Every day it becomes more evident that accurate data and good data integrity practices are absolutely vital to service providers grappling with increasingly complex sets of network and service delivery requirements," said Mark Nicholson, Chief Technology Officer, Subex Azure. "Service providers need and want to have clean data that ensures the success of high-value OSS processes - from service activation and assurance all the way through to billing. Subex Azure’s vision for the integrated ROC hinges on data integrity management and this blended offering strengthens our commitment and passion to deliver on that promise."

Through the DIM Practice, Subex Azure experts will work directly with system integrators and internal IT staffs to incorporate data integrity management best practices into broader process-engineering and operations transformation projects. The offerings include:

Data Integrity Process Analysis: assessing current data integrity processes and identifying problem areas

Data Integrity Diagnosis: determining data quality levels and tracing the impacts of data integrity problems on fulfillment, assurance and billing

Data Integrity Deployment Planning: formulating comprehensive data integrity strategies and processes to institutionalize data integrity management for long-term business benefits

Data Integrity Results Assessment: measuring the results of data integrity management projects and implementing continuous improvement strategies

Data integrity issues will be the focus of a Webinar presented by Subex Azure in conjunction with the TeleManagement Forum and a leading service provider on December 06, 2007.

Xpro India - Limited Review for the quarter ended Sep 30, 2007

Xpro India Ltd has informed BSE that in the limited review report of the Company for the quarter ended September 30, 2007, the Auditors of the Company have made the following
observations :

"Attention is invited to Note No. 3 & 4 of accompanying statement of unaudited financial results which state that the provision of liability for Gratuity & Leave for the quarter has been based on the most recent actuarial valuation. The impact, if any, of revised Accounting Standard 15 will be appropriately dealt with at the year end and Provision for income tax, deferred tax & fringe benefit tax, if any, shall be made at the year-end (amount not ascertained) respectively."

Zenotech Laboratories - Limited Review for the quarter ended Sep 30, 2007

Zenotech Laboratories Ltd has informed BSE that in the limited review report of the Company for the quarter ended September 30, 2007, the Auditors of the Company have made the following observations:

"Attention is invited to. Note 4 given in the 'Statement' regarding recognition of Deferred Tax Asset of Rs 893.03 lakhs on carried forward business losses and unabsorbed depreciation as on March 31, 2007 which in the auditors opinion, is not in accordance with the requirements of Accounting Standard 22 on 'Accounting for Taxes on Income' issued by the Institute of Chartered Accountants of India."

BPCL- Outcome of Board Meeting

Bharat Petroleum Corporation Ltd (BPCL) has informed BSE that the Board of Directors of the Company at its meeting held on November 29, 2007, has approved a proposal for acquisition of 53,50,110 equity shares of Oil India Ltd (OIL) which is 2.50% of OILs pre-issued paid up capital from Govt of India at a price equivalent to the Issue Price of the equity shares that are proposed to be offered by OIL to the public in accordance with the Book Building method.

The sale and purchase shall be completed within forty eight hours after the Issue Price is determined through the Book Building method and approved by the Board of directors of OIL. The Closing shall be completed prior to Allotment of the equity shares to the public through the initial public offering.

Videocon Appliances - Updates

Videocon Appliances Ltd has informed BSE that the scheme of amalgamation of M/s. Ranjangaon Industries Pvt Ltd (the Transferor Company) with Videocon Appliances Ltd (the Transferee Company) has become effective on October 31, 2007 and that the Company has fixed November 30, 2007 as Record Date for determining the Equity Shareholders of the erstwhile Ranjangaon Industries Pvt Ltd who are entitled for allotment of Equity Shares of Videocon Appliances Ltd, pursuant to the Scheme of Amalgamation as sanctioned by the Hon'ble High Court of Judicature at Bombay.

In this connection, the Company has further informed that the said record date is for determining shareholders of Ranjangaon Industries Pvt Ltd and not that of Videocon Appliances Ltd.

Nicholas Piramal Equity & Preference Shareholders approve Scheme of Arrangement

Nicholas Piramal India Ltd pursuant to the meeting of the Equity Shareholders and Series II Preference Shareholders of the Company at its court convened meeting held on November 23, 2007, have approved the Composite Scheme of Arrangement between the Company and NPIL Research & Development Ltd, by overwhelming requisite majority.

Fedders Lloyd - Updates

Fedders Lloyd Corporation Ltd has informed BSE that, as a step towards capturing significant market share in the ever growing and highly potential consumer durables market, the Company plans to enter into a distributorship agreement with a leading international electronic Company for the sale of consumer electronics through its strong distribution network.

Bharti Airtel & Western Union to pilot Mobile Money Transfer Service in India

Bharti Airtel Ltd has announced that in a first-of-its kind agreement, Bharti Airtel and Western Union have decided to jointly develop and pilot a Mobile Money Transfer service in India. This pioneering agreement will usher in the possibility of sending money to India via the mobile phone. Western Union agents presently provide cash remittance services in India. The mobile money transfer service is subject to regulatory approval.

According to The World Bank, the number of immigrants globally is in the region of 200 million - approximately 3% of the world's population. The World Bank also identifies India as the number one remittance recipient market. Statistics from RBI (Reserve Bank of India) suggest that the inward annual remittance into India stood at over $26 billion for the financial year 2006 - 2007, accounting for 10% of global inward remittance market, which stands at $260 billion.

"We are delighted to work with Western Union in this path-breaking initiative and be at the forefront of enabling international remittance over the mobile for our 50 million mobile phone customers in India. This will help us move remittances via the mobile in a fast and convenient way, supporting low value transactions," said Mr. Gopal Vittal, Director Marketing & Communications, Bharti Airtel Ltd.

Bharti Airtel has an extensive footprint across India and Western Union, together with its affiliates Orlandi Valuta and Vigo, has more than 320,000 agent locations in more than 200 countries and territories. In India, Western Union operates through 45,000 agent locations, including 8,500 post offices and more than 14,000 bank branches across 5000 towns and cities. This programme will enable Indians living abroad to send remittances to their dependents in India in an easy and convenient fashion through the vast networks of both the Companies.

The reach and accessibility of mobile networks in developing economies create new opportunities to extend the benefits of financial services to many families for the first time. Mobile networks now cover the majority of the world's population. Applications that allow a mobile subscriber to view and manage funds on their handset are emerging in select countries as foundation for phone-based financial services.

The relationship with Bharti Airtel developed follows a landmark agreement between Western Union and the GSM Association (GSMA), a global trade association representing over 700 GSM mobile phone operators, to facilitate the development of cross-border mobile money transfer services. Bharti Airtel chairs the GSM Association's Mobile Money Transfer steering committee, a group of 35 mobile network operators committed to development, trials and commercialization of mobile remittance services.