Jindal Drilling - Press Release

Jindal Drilling & Industries Ltd has issued following Press Release :

"Jindal Drilling & Industries Ltd (JDIL), Drilling arm of INR 3000 Crore D.P. Jindal Group is engaged in the business of Offshore Oil & Gas Drilling in India.

The Board has approved issuance of 1200000 No of New shares of Rs 10/- each to CitiGroup under preferential allotment route at a price of RS 1280/- per share, subject to the approval of Shareholders in the forthcoming EGM. This shall represent 10.47% of the post issued Equity Share Capital of the Company.

The total issue proceeds would be INR 153.60 Crores, which the Company proposes to use for General Corporate Purposes including present and future capex programme and for its ongoing and future business commitments / Plans."

Monnet Ispat - Updates

Monnet Ispat Ltd has informed BSE that the Company has increased the paid-up equity share capital by making an allotment of 849723 equity shares of Rs 10/- each comprising of 571476 Equity Shares allotted upon conversion of 620 FCCBs due 2010 and 278247 Equity Shares allotted upon conversion of 20 FCCBs due 2011.

Kanoria Chemicals fixes Record Date for sub-division & bonus issue

Kanoria Chemicals & Industries Ltd has informed BSE that January 07, 2008 has been fixed as the Record Date for the purpose of Sub-division of Face value of Equity Shares of the Company from existing Rs 10/- to Rs 5/- and also for the entitlement of Bonus Shares in the proportion of one fully paid up Equity Share of Rs 5/- for every two fully paid up Equity Shares of Rs 5/- held by the members of the Company.

Godrej Consumer - Grant of Options under ESOP

Godrej Consumer Products Ltd has informed BSE that the Compensation Committee of the Board of Directors of the Company on December 11, 2007, approved the granting of 75,000 options to its eligible employees in terms of Godrej Consumer Products Ltd Employee Stock Option Plan (ESOP).

The aforesaid options ate granted out of shares purchased from the secondary market by an independent trust funded by the Company in terms of the special resolution passed by the shareholders on March 14, 2007.

The Options shall vest in the Option Grantees on December 10, 2010. Thereafter, the Option Grantees shall be entitled to exercise the options within a period of 2 years for converting the options granted into equity shares. The Exercise Price, i.e. the price payable by the Option Grantee for exercising the options granted to him will be Rs 140.85 (closing price of the equity share on NSE on December 10, 2007) + interest not being less than the bank rate prevailing at the time of exercising the options. Currently the interest chargeable is 10.25% p.a., and the same is subject to review by the Compensation Committee from time to time. The Options shall lapse if not exercised within the specified exercised period.

Indiaco Ventures - Board Meeting on Dec 20, 2007

Indiaco Ventures Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 20, 2007, to transact the following:

1. Consider the Conversion of 11,00,000 Optionally Convertible Preference Shares issued to India Holdings, LLC into Equity Shares of Rs 10/- each which were allotted as follows:

- 290,000 Optionally Convertible Preference Shares of Rs 100/- each allotted on November 04, 2006;

- 810,000 Optionally Convertible Preference Shares of Rs 100/- each allotted on September 07, 2007.

2. Consider & approve issuance of Warrants convertible into equity shares of Rs 10/- each on a preferential basis to Promoters / Promoter Group Companies, subject to the approval of Shareholders and also in accordance with the provisions of the Companies Act, 1956 and all applicable Guidelines & Regulations as laid down by SEBI.

Gulshan Chemfill - Updates

Gulshan Chemfill Ltd has informed BSE that the proposed Extra Ordinary General Meeting (EGM) of the members of the Company which is scheduled to be held on December 17, 2007, could not be held due to certain unavoidable reasons.

Hindusthan National - Updates

Hindusthan National Glass & Industries Ltd has informed BSE that a petition under Section 391(2) and 394 of the Companies Act 1956 for confirmation of a proposed Scheme of Amalgamation and Reorganization of the Capital between the Company & Ace Glass Containers Ltd and their respective shareholders was taken up for hearing on November 22, 2007 and the said petition is fixed for hearing on January 07, 2008.

OCL India - Hon'ble High Court of Orissa, Cuttack approve Scheme of Arrangement

OCL India Ltd has informed BSE that the Hon'ble High Court of Orissa, Cuttack vide its order dated November 27, 2007 has approved the Scheme of Arrangement ("Scheme") comprising:

(a) demerger of 'Steel Undertaking' of the Company into OCL Iron and Steel Ltd.

(b) demerger of 'Real Estate Undertaking' of the Company into Konark Minerals Ltd; and

(c) merger of Dalmia Cement (Meghalaya) Ltd into the Company.

Further, the Hon'ble Gauhati High Court vide its order dated October 15, 2007 has already approved the Scheme.

Reliance Communications - Allotment of Equity Shares on conversion of FCCBs

Reliance Communications Ltd has informed BSE that the Allotment Committee of the Board of Directors of the Company has, pursuant to requests received from the holders of Zero Coupon Foreign Currency Convertible Bonds (FCCBs) of US$ 1,000 each, allotted 8,77,000 equity shares of Rs 5 each at a predetermined premium of Rs 475.68 per equity share on December 14, 2007.

The allotted equity shares as aforesaid shall rank pari passu in all respect with the existing equity shares of the Company and shall be entitled for full dividend, if declared for the financial year 2007-08.

Consequent upon the said allotment, the paid-up capital of the Company stands increased to 206,21,79,001 fully paid-up equity shares of Rs 5 each.

Deep Industries - Outcome of Committee Meeting

Deep Industries Ltd has informed BSE that Mr. Paras Savla, Chairman & Managing Director of the Company has been appointed as a member of Grievances Redressal Committee with unanimous consent at the meeting of Committee held on November 08, 2007.

VSNL - Outcome of EGM

Videsh Sanchar Nigam Ltd (VSNL) has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 14, 2007, inter alia, have unanimously approved the resolutions proposed in the Notice of the Meeting including the change of name of the Company to "Tata Communications Ltd", subject to obtaining of all other necessary approvals.

MRF Board recommends final dividend

MRF Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 14, 2007, inter alia, has recommended a Final Dividend of 140% on the paid-up capital as on September 30, 2007. The Company has already declared and paid two interim dividends of 30% each for the above year, thus aggregating to a total dividend of 200% for the year.

Jain Studios - Limited Review for the quarter ended Sep 30, 2007

Jain Studios 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(a). In respect of Non-provision against shortfall in recovery (amount unascertainable) against overdue and other debts amounting to Rs 2065.37 lacs and loans and advance amounting to Rs 388.67 lacs, as the same has beer considered good and recoverable by the management and accounting of leased license fees amounting to Rs 120.00 lacs, which is pending necessary approvals, on accrual basis as per terms of agreement and accounting of certain enrollment fees & other incomes from operations pending receipt and Auditor's inability to comment on realisability / recoverability thereof.

1(b). In respect of Non confirmation / reconciliation and non availability of documents in
support and audit trail of balances of debtors, loans and advances, Sundry creditors and other current liabilities (including statutory dues), banks and income and expenditure accounted for during the quarter and contingent liabilities considered as ascertained by the management, consequential impact where of presently cannot be ascertained and the Auditor's inability to comment on correctness and completeness.

1(c) In respect of Transfer of Provident Fund amount payable of Rs 25.57 Lacs [upto March 31, 2007: Rs 27.00 lacs (net)) 'Social Security Fund A/c', based on management perception and in respect of non payment of certain statutory dues and non-filing of certain statutory returns / forms w.r.t. Employees State Insurance, Provident Fund, Tax Deducted at Source, Service Tax, Custom Duty, Fringe benefit Tax and others, and accounting of penalty, interest, etc. (amount unascertainable) and the auditors inability to comment thereon; and in respect of non-provision / payment of Service Tax and deduction of Tax at Source on certain provision / payments (amount unascertained).

1(d) In respect of recognition and carry over of deferred tax assts (net) amounting to Rs 554.53 lacs (net of deferred tax liability of Rs 259.68 lacs), based on management perception in respect of availability of sufficient taxable income in coming years against which such assets can be realized; in respect of MAT credit entitlement amounting to Rs 69.12 Lacs recognised and carried over based on management perception and the auditors inability to comment thereon. Further, provision for taxation including deferred tax has not been made as stated in thy footnote no 4 to accompanying financial results (impact unascertained).

1(e) In respect of management perception about recoverable amount of the fixed assets (Impairment of Assets: AS-28) of the company being more than carrying amount and the auditor's inability to comment thereon.

2. In respect of Internal Control system which needs to be further strengthened to be made the same commensurate with the size of the company and nature of its business for the expenditures and for sale of services and loans and advances".

Assam Petrochemicals - Updates

Assam Petrochemicals Ltd has informed BSE that the Company has received a notice from a shareholder of his intention to propose the candidature of Dr. M N Borgohain as a Director in place of Shri. A H Goswami, Director due to retire by rotation at the ensuing Annual General Meeting to be held on December 28, 2007.

Info Drive - Press Release

Info Drive Software Ltd has announced the successful 'go live' of its Islamic Banking implementation project for RHB Islamic Bank, a leading financial services institution in Kuala Lumpur, Malaysia.

The Company had, through its wholly owned subsidiary Bhari Information Technology Systems Sdn Bhd (Bitech), received a turnkey mandate from RHBIB, third largest bank in Malaysia with over 200 offices, to consult, design & implement the complete Islamic Banking Software Solution on an enterprise scale with a total value of RM 26.5 Million. This mandate is reckoned to be the single largest implementation project yet in the Islamic Banking segment.

Commenting on this significant milestone Bitech's Country Head - Mr. G Manoharan, has attributed the success to Bitech's expertise, proven program management practices and rapid resource mobilization combined with the Bank's approach in treating Bitech as a strategic business partner rather than as a mere systems integration vendor.

According to the World Islamic Banking Competitiveness report unveiled at the 14th World Islamic Banking Conference in Bahrain today, the Islamic banking segment is growing at a phenomenal rate and expected to have assets under management in excess of $1 trillion by 2010. This presents a huge opportunity for specialized service providers like the Company to achieve its ambitious growth plans by executing several turnkey projects in this uncontested market niche.

India Cements - Outcome of EGM

India Cements Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on December 14, 2007, have approved the issuance in the form of Equity / Equity linked securities in Indian / foreign markets, including Qualified Institutional Placement for an amount not exceeding US$150 million, including premium.

Atlanta - Updates

Atlanta Ltd has informed BSE that the Shreenath Builders, Partnership Firm in which the Company is a partner and having a stake of 51% has purchased a property named Olympic Cinema admeasuring 6988.89 sq. yards situated at Station Road, Jalori Gate, Jodhpur, Rajasthan from Adeshwar & Company at a purchase consideration of Rs 48,60,00,000 (Rupees forty Eight crores Sixty lacs) with the object to construct a Commercial Mall at the said property in the name and style of "ATLANTA V MALL".

Reliance Energy - Outcome of Board Meeting

Reliance Energy Ltd has informed BSE that pursuant to conversion of the earlier series of its outstanding FCCBs, the Board of Directors of the Company at its adjourned meeting held on December 13, 2007 passed an enabling resolution approving in principle the issuance of Foreign Currency Convertible Bonds (FCCBs) in the international market, for an amount not exceeding Rs 5,000 crore, in such tranches and at such times, as may be decided by the Board from time to time, subject to relevant guidelines and approvals.

Nilkamal - Updates

Nilkamal Ltd has informed BSE that in a landmark transaction towards creating shareholder value, the Company alongwith Bhoomi Realty India Pvt Ltd has entered into an agreement for sale of their shares in Nilkamal Bhoomi Developers Pvt Ltd for a total consideration of Rs 180 crores to India Blue Mountains Ltd (IBML).

Nilkamal Bhoomi Developers Pvt Ltd had acquired the property effectively in April 2007 for a total consideration of Rs 38 crores. This has been a highly value accretive deal for the Company, considering that within a span of less than eight months, the Company has garnered a gain of Rs 48.45 crores for its 50.01% stake. Besides the upfront gain from the transaction, the Company can now deploy the cash inflow of Rs 76.89 crores towards funding its expansion plans in the core operations of moulded plastic furniture, material handling business and its home solutions retail venture - @home.

Mr. Sharad Parekh, the Managing Director of the Company, has referred this as a major development towards its endeavour to create shareholder value and the proceeds from sale would also give boost in scaling up the existing operations. The core operations of the Company are on a strong growth path and the gains from sale of property would further enhance the pace of growth.

Metrochem Industries equity shareholders & creditors to approve Scheme of Arrangement

Metrochem Industries Ltd has informed BSE that pursuant to the Order made by the Hon'ble High Court of Gujarat at Ahmedabad, separate meeting of the equity shareholders, secured creditors & unsecured creditors of the Company will be held on January 05, 2008, for the purpose of considering, and if thought fit, approving with or without modification, the arrangement embodied in Scheme of Arrangement between the Company and Baroda Textile Effects Ltd and their respective shareholders & creditors ("the Scheme").

Tutis Technologies - Updates

Tutis Technologies Ltd has informed BSE that Basiz Fund Service Pvt Ltd (Basiz), a subsidiary of the Company has executed a term sheet with a very reputed International venture capital fund, which would invest USD 2 million in Basiz through the issue of Fully Convertible Cumulative Preference Shares. The commitment to invest in Basiz is subject to the signing of the definitive agreement.

Jaiprakash Associates - Board Meeting on Dec 14, 2007

Jaiprakash Associates Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 14, 2007, inter alia, to consider the following:

1. Issue of warrants to Promoters / Promoters Group on preferential basis.

2. To raise funds for the Company through issue of Global Depository Receipts within the limits already approved by the shareholders of the Company in their Annual General Meeting held on August 30, 2007.

United Breweries - Allotment of equity shares

United Breweries Holdings Ltd has informed BSE that in accordance with the Offering Circular dated December 03, 2007 for issue and allotment of equity shares for an aggregate amount not exceeding Rs 600 crores to Qualified Institutional Buyers under Chapter XIIIA of SEBI (Disclosure and Investor Protection) Guidelines, 2000, the offer was oversubscribed.

The Adhoc Committee of Director of the Company appointed for this purpose at its meeting held on December 13, 2007, has allotted the following:

a. 5,405,405 Equity of Rs 10/- each for Cash at a price of Rs 1,110/- per Equity Share ("Issue Price"). Aggregating in Rs 5,999,999,550 to the Qualified Institutional Buyers (QIBs), on Private Placement basis, as defined under Clause 2.2.2B(v) of Chapter XIII-A of the Securities & Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000.

b. 6,387,117 Warrants of Rs 10/- each at a premium of Rs 1,100/- aggregating to Rs 7,089,699,870/- crores to FirStart Inc., a member of the Promoter Group, on Preferential basis. The said warrants carry the option and right of conversion, to be executed by the holder thereof, of One warrant into One Equity Shares of Rs 10 each in the Capital of the Company at a premium of Rs 1,100 per equity share, the option being exercisable within a period not exceeding 18 months from the date of issue of the Warrants.

Consequent upon the allotment of 5,405,405 equity shares to Qualified Institutional Buyers, the total issued and paid up capital of the Company stands increased to Rs 648,473,030 divided into 64,847,303 equity shares of Rs 10/- each.

HB Stockholdings - Updates

HB Stockholdings Ltd has informed BSE that the Company on December 12, 2007 has increased its stake in DCM Shriram Industries Ltd to 26,39,183 equity shares comprising 17.25% of it total equity through open market purchases.

Dover Securities - Board Meeting on Dec 15, 2007

Dover Securities Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 15, 2007, inter alia, to consider and approve the following:

1. To raise money by way of Public Issue / Right Issue / Warrants / QIP Issue / GDR Issue of any instrument to the extent of Rs 50.00 crores

2. To authorise the Company to borrow money for its business purpose in excess of its paid-up capital and free reserves to the extent of Rs 225.00 crores.

SBEC Sugar - Outcome of Board Meeting

SBEC Sugar Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 08, 2007, has decided to submit special resolutions for seeking approval of members, for alteration in the Other Objects Clause of the Memorandum of Association of the Company by inserting the new sub-clause 115 immediately after the existing sub-clause 114 in paragraph III C of the Memorandum of Association of the Company & Commencement of new business covered 115 of other object respectively through the process of Postal Ballot.

Raymond - Allotment of Warrants

Raymond Ltd has informed BSE that the Committee of Board of Directors of the Company at its meeting held on December 12, 2007, have allotted 61,38,085 (Sixty one lacs thirty eight thousand eighty five) Warrants at the price of Rs 34/- per warrant (being 10% of the issue price of Rs 340/- per equity share of Rs 10/- each) to J K Investors (Bombay) Ltd, the promoter of the Company.

The said warrants carry right, entitling its registered owner to apply for at its option, and seek allotment of one equity share upon surrendering / exchange of the said warrant to the Company, alongwith balance 90% of the issue price of Rs 340/- per equity share of Rs 10/- each.

Against each of the said warrant, the registered owner of the warrants shall be entitled to apply for and seek allotment of one equity share of Rs 10/- each in the manner aforesaid, within the period of 18 months from the date of issue of the said warrants.

Gangotri Iron Board approves Right Issue

Gangotri Iron & Steel Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 13, 2007, has been decided to raise further capital by issue of Equity Shares on rights basis for an amount not exceeding Rs 15 crores. The Board has also constituted a Committee and delegated the necessary powers to the Committee to decide about the size, timing, basis of offer, premium and other modalities of the proposed rights issue. Further an Extra-Ordinary General Meeting of Shareholders has been called on January 11, 2008 for requisite approval.

Esab India Board declares second interim dividend

Esab India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 13, 2007, inter alia, has declared a second interim dividend at the rate of 100% for the financial year 2007 (i.e. Rs 10/- per equity share on the total paid-up equity share capital of Rs 15,39,30,200/-). The total cash outflow on account of the interim dividend (including dividend distribution tax) is Rs 180.10 million.

Television Eighteen - Press Release

Television Eighteen India Ltd has informed BSE that TV18, a group Company of NETWORK18, is all set to launch a business magazine in India in partnership with FORBES MEDIA, one of the world's most respected business publishers. The partnership will include a content licensing arrangement and will also envisage introduction of other Forbes products, subject to regulatory approval.

This partnership further enhances and complements TV18's strong business offerings in the television and internet space. Currently, TV18 operates India's leading business channels CNBC-TV18 and CNBC Awaaz, besides Newswire18 and a host of web properties like moneycontrol.com. The partnership with Forbes will bring in strengths in the print space and will synergize well with its television and new media properties. It will also complement TV18's recent acquisition of Infomedia, which is India's leading player in the publishing space with several magazines and runs one of India's largest printing operations.

Forbes magazine itself is a legendary business brand celebrating 90 years of existence this year. It enjoys a loyal following amongst a 5-million strong global audience comprising of business leaders, entrepreneurs, corporate executives and upwardly mobile professionals. In recent years, Forbes magazine has increased its international presence with highly successful titles such as 'Forbes Asia' and licensed local language editions such as 'Forbes China', 'Forbes Russia' 'Forbes Arabia' amongst others. Forbes magazine is renowned for its wide array of business content ranging from leadership, finance & international business to marketing, technology & entrepreneurship. It has also diversified into being a globally accepted benchmark for quality & performance with its famous lists covering Companies, people & places, education, personal finance, sports, lifestyle & technology, apart from special reports.

Commenting on this partnership, Raghav Bahl, MD, Network18 said "Our partnership with Forbes for a business magazine in India is another compelling testimony to the growing acceptance of the Indian growth story worldwide. Rapid economic expansion, change in consumer mindsets and deepening of the market economy in the country have led to an enabling environment for business brands. We will be strongly positioned to deliver a benchmark offering in the market by fusing the strong editorial and brand lineage of Forbes and our proven expertise in the Indian business media market."

Ambuja Cements - Allotment of shares under ESOS

Ambuja Cements Ltd has informed BSE that the Share Allotment & Investor Grievance Committee at its meeting held on December 13, 2007 has allotted 305,377 Equity Shares on exercise of the stock options by the employees as per the details given below:

1. ESOS 2000-2001 : 19876 shares allotted

2. ESOS 2001-2002 : 16875 shares allotted

3. ESOS 2002-2003 : 1875 shares allotted

4. ESOS 2003-2004 : 13875 shares allotted

5. ESOS 2004-2005 : 225001 shares allotted

6. ESOS 2005-2006 : 27875 shares allotted.

Ansal Housing - Board Meeting on Dec 18, 2007

Ansal Housing & Construction Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 18, 2007, to recommend issue of preferential equity shares and / or preferential warrants convertible into equity shares.

Celestial Labs - Updates

Celestial Labs Ltd has informed BSE that the ICICI Bank Ltd, Hyderabad granted a Term Loan of Rs 50 Millions and Cash Credit of Rs 20 Millions on November 22, 2007 in addition to the Technical Development Board, Ministry of Science and Technology, Govt. of India and Punjab National Bank, Hyderabad terms loans. This will facilitate the Company's on going biotechnology / bioservice facility up gradation.

Wipro - Allotment of equity shares

Wipro Ltd has informed BSE that Administrative Committee of the Company's Board of Directors vide their Circular resolution effective December 12, 2007 resolved the following:

1. To issue and allot 1700 equity shares of Rs 2/- each pursuant to exercise of the stock options by the eligible employees under the Wipro Employee Stock Options Plan i.e. WESOP 2000.

2. Allotted 6000 equity shares of par value of Rs 2/- to JP Morgan Chase Bank, the Company's depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Company's ADS Restricted Stock Unit Plan- 2004.

3. To issue and allot 16040 equity shares of Rs 2/- each pursuant to exercise of the stock options by the eligible employees under the Wipro Employee Stock Options Plan i.e., WESOP 2000 and Restricted Stock Unit Plan 2004.

UCO Bank - Updates

UCO Bank Ltd has informed BSE about the rating migrations relating to issue of bonds as under:

1. Issue Description: 8.70% Upper Tier II Bonds Series I
Ratings Assigned: 'AA-' Stable
Ratings Migrations: Downgraded by CRISIL from 'AA' STABLE w.e.f. December 07, 2007

2. Issue Description: 9.28% Upper Tier II Bonds Series II
Ratings Assigned: 'AA-' Stable
Ratings Migrations: Downgraded by CRISIL from 'AA' STABLE w.e.f. December 07, 2007

3. Issue Description: 9.50% Perpetual Bonds Series I
Ratings Assigned: 'AA-' Stable
Ratings Migrations: Downgraded by CRISIL from 'AA' STABLE w.e.f. December 07, 2007

4. Issue Description: 9.35% Perpetual Bonds Series II
Ratings Assigned: 'AA-' Stable
Ratings Migrations: Downgraded by CRISIL from 'AA' STABLE w.e.f. December 07, 2007.

IFCI - Government Assistance

IFCI Ltd has informed BSE that Government of India vide its letter dated December 12, 2007, has informed that it would not exercise its Conversion Option in respect of its Optionally - Convertible Debentures of Rs 400 crore and Rs 523 crore at this point of time. Further, as regards the financial provision of Rs 1300 crore, Government has informed that it would assist the Company in case such a need arises.

Micro Technologies - Press Release

Micro Technologies India Ltd has announced that the Company has been chosen as one of the "Deloitte Technology Fast 500 Asia Pacific, 2007" by the Deloitte Touche Tohmatsu and was awarded as one amongst the fastest growing Companies for its technology and revenue growth in field of Security and Life support solutions. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries.

The Company has also been profiled as one of the top IT innovators - 2007 by NASSCOM. The Company made innovation an important part of their growth strategies and the Company have managed to stand out and differentiate themselves in highly competitive, often adverse market conditions and carved a niche for themselves using breakthrough technological products and novel market initiatives in Security and Life support systems. NASSCOM is India's National Association of Software and Service Companies, the premier trade body and the chamber of commerce of the IT software and services industry in India.

Offering a wide range of Micro products that are both innovative and highly competitive, the Company provides its growing customer base with security solutions that are technologically advanced on one hand yet simple on the other and these awards and recognition are the testimonies to the unconditional hard work, concerted commitment and focused dedication of the Company who have vowed to cater the security needs of various organizations globally on a consistent basis.

The Company, a prominent name amongst techno-savvy Companies and IT research units in the entire country and is well positioned to be a significant force in the global economy of the 21st Century in the much-needed security devices, life support systems and web-based software. The contributions of the Company to the state, country and society at large have been recognized in various forums and it has received many prestigious awards for its excellence and innovative work including the Deloitte Technology fast 50 India, 2007.

This is an unprecedented achievement of the Company, which signifies the role of the Company, in maintaining the highest levels of performance in Security and Life Support Domain.

ACC - Allotment of equity shares against exercise of ESOS

ACC Ltd has informed BSE that the Shareholders / Investors Grievance Committee of the Board at its meeting held on December 13, 2007, has allotted 5,200 shares against exercise of Employee Stock Options under various ESOS as under:

ESOS 2001 : 50 shares
ESOS 2002 : 300 shares
ESOS 2003 : 1,350 shares
ESOS 2004 : 3,500 shares

Consequently, the paid up Share Capital of the Company has increased from 18,76,19,204 shares to 18,76,24,404 shares of Rs 10/- face value, as of date.

AXIS Bank - Allotment of equity shares under ESOP

AXIS Bank Ltd has informed BSE that the Committee of Directors of the Bank on December 13, 2007 has made the allotment of 1,83,027 equity shares of Rs 10/- each to the employees of the Bank, under ESOP.

The paid up share capital of the Bank will accordingly get increased to 35,73,68,397 equity shares from 35,71,85,370 equity shares.

Southern Online - Updates

Southern Online Bio Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 30, 2007, has considered the proposal of demerger of the Company and has decided to appoint a consultant to work out and advise the Company on the feasibility and modality of demerger. The Board will decide on demerger, only after considering the report of the Consultant and various other factors. Subsequently based on merits of the report appropriate procedure shall be followed as applicable.

So, the Board has not finally decided to demerge the Company. It will be decided, whether to go for demerger or not, after it considers the report of the consultant.

Hence, as of now the Company has neither prepared any Scheme of Amalgamation nor made any application to the Court for demerger.

CESC - Updates

CESC Ltd has informed BSE that:

"95,60,000 new Equity Shares of Rs 10/- each of the Company have been allotted earlier December 13, 2007 at a price of Rs 618/- per share to Qualified Institutional Buyers in terms of Chapter XIII A of SEBI (DIP) Guidelines, 2000."

ABG Shipyard - Delivery of Vessel to Maridive & Oil Services SAE Egypt

ABG Shipyard Ltd has informed BSE that the Company has delivered a new Anchor handling tug supply vessel "MARIDIVE — 229" to the owner MARIDIVE & OIL SERVICES S.A.E. Egypt. The Maridive - 229 is the third AHTS vessel delivered to Maridive out of the total seven vessel building orders received from the Egypt based Company.

About the Vessel

The 61 meter 86T Bollard Pull Tug displaces 3,600 Tonnes fully loaded and is able to carry out Anchor handling, Towing Rescue, Offshore Supply, Transport Pipes, fresh water, diesel oil, bulk cement, Stores, Materials and equipment, move men and materials between platforms and shore, external fire fighting and other related duties. The vessel is to supply, support the offshore oil and gas field on a twenty four (24) hour per day basis. This vessel is installed with sophisticated Dynamic positioning capabilities (DP-2) with unmanned machinery space.

GE Shipping - New building order placed for 2 more Supramax Dry Bulk Carriers

Great Eastern Shipping Company Ltd (GE Shipping) has informed BSE that the Company has signed a contract with Cosco (Zhoushan) Shipyard Co. Ltd for 2 more new building Supramax Dry Bulk Carriers. These vessels of approximately 57,000 dwt each are expected to join the Company's fleet during 01 FY 2010-11 & Q2 FY 2010-11 respectively.

Sensing sustainable growth in the dry bulk trade in the medium term, the Company in November'07 had contracted 2 new building Supramax dry bulk carriers of similar specifications as above with Cosco (Zhoushan) Shipyard Co. Ltd. These vessels will join the Company's fleet in Q4 FY 2009-10.

With this contract, the Company's new building order book comprises 10 vessels aggregating 0.69 mn dwt (4 LR1 product tankers aggregating 0.30 mn dwt & 6 dry bulk carriers aggregating 0.39 mn dwt).

Praj Industries forms JV with Brazilian Engineering Major for Ethanol Plants

Praj Industries Ltd has announced the formation of a Joint Venture(JV) Company in Brazil. The 'New Company' is formed in association with a Brazilian Engineering, Procurement, Construction & Manufacturing Company (EPCM), Jaragua Eguipamentos Industriais Ltda. Praj will hold 54% in the JV while Jaragua will hold the balance 46%. The JV will provide Praj an entry into the fastest growing ethanol market in the world. Jaragua is a leading Brazilian engineering major.

At the beginning of FY 2007-08, Praj had announced its intention to enter the Brazilian Market to enhance its global share of the ethanol technology and plant & equipment market. With this in view, Praj had already set up an office in Sao Paolo, Brazil. The Brazilian Office, apart from pursuing business leads, has also been assessing the opportunity in Brazil as well as understanding the business models for future operations.

It is a well known fact that Brazil is a pioneer in the application of ethanol as a transport fuel blend. With the rising price of crude, Brazil has further increased its use of ethanol by introducing flex fuel cars. Currently, Brazil uses 17 bln litres ethanol (both hydrous and anhydrous). With production slated to grow from 19 bln litres to 30 bln litres in 2010, the opportunity for new capacities is a given. A large part of Brazilian growth in ethanol production is driven by growth in Flex Fuel Vehicles (FFVs - operating on both 100% hydrous ethanol and 100% petrol/gasoline).

"The formation of Joint Venture in Brazil demonstrates Praj's commitment to Brazilian ethanol market. We are in Brazil for the long haul and will work closely with Brazilian customers to enhance performance of ethanol plants and their return on investments, said Pramod Chaudhari, Chairman of the Company.

The Joint Venture Company, Praj Jaragua Bioenergia S.A., will supply end-to-end solutions for sugarcane juice to ethanol production - right from transportation of cane, cane preparation to juice extraction (milling/diffuser), juice evaporation, fermentation, distillation, molecular sieve (MSDH) based dehydration plant upto wastewater concentration and treatment. The solution will result in an energy and feedstock efficient plant. Backed by vast synergistic resources from the partners, the JV will reduce the delivery time considerably and enable plants to be set up faster.

"Praj understands that Brazil has a very different model for production of ethanol. A large part of its ethanol is produced directly from sugarcane juice unlike in other cane producing countries. However, the technology paradigm is shifting, given that Brazil will produce more and more ethanol than sugar. Energy and Feedstock yields are becoming more critical, so is the fact that wastewater management is assuming greater importance", added Pramod Chaudhari.

The joint venture with Jaragua Equipamentos presented the best option to go forward in the Brazilian market. Jaragua is an established EPCM Company with more than 50 years of
experience in Oil & Gas, Petrochemicals, Energy and Sugar business. Based in Sorocaba, Jaragua employs more than 1000 personnel in Brazil and has one of the largest manufacturing facilities in Brazil. Accredited with ASME U stamp and H stamp, Jaragua maintains the highest standards in quality and customer orientation. Jaragua is also expanding its manufacturing facilities in north-east of Brazil in the State of Alagoas.

Praj will bring its worldwide experience in setting up energy efficient ethanol plants to the Brazilian market.

The Brazilian Joint Venture Company will operate in the state of Sao Paolo and will have a number of Brazilian nationals on its role including in the top management. It will truly be an amalgam of Indian and Brazilian expertise in technology and presents a powerful choice to Brazilian and Overseas investors in the ethanol industry. Praj will be the major partner and Pramod Chaudhari will be the Chairman of this Joint Venture.

Thomas Cook signs MoU with JTB Corp.

Thomas Cook India Ltd has announced that the Company on December 13, 2007 signed a Memorandum of Understanding (MOU) with JTB Corp. Japan, one of the largest travel solutions Companies in the world.

The alliance will allow Thomas Cook to access the JTB Corp. network across 30 countries alongwith affiliates spreading over 800 offices. For JTB Corp. the alliance will provide a ready platform to enter the Indian market.

Speaking on the occasion Mr. Udayan Bose, Chairman, of the Company said, "The year 2007 was designated as India-Japan Tourism Exchange Year. Both countries hope to increase the number of visitors between the two countries to approximately 300,000 by 2010, which will be nearly double that of the 2005. Hence, we are pleased to enter into an alliance with JTB Corp., the largest travel Company in Japan and one of the largest travel companies in the world. We see great potential in this co-operation across a wide range of travel activities including Leisure Outbound, Corporate Travel and Inbound Travel to India. In any case Japan was being looking at by us as a target country for inbound and outbound tourism. This co-operation will benefit both the Companies and countries immensely".

Thomas Cook expects to witness growth in areas such as in-bound and out-bound tours. With this alliance, Thomas Cook also expects to see tremendous growth in its corporate travel business as it would now have access to the global relationships of JTB Corp. Mr. Madhavan Menon, Managing Director, of the Company said, "With business travel growing at the 20%, this alliance will provide further impetus to our corporate travel business."

Every year with increasing number of travelers into India from Japan; JTB Corp. being the leader in the Japanese market, would be able to use the network of Thomas Cook to serve its clientele better. The travel cooperation arrangements would be for inbound, outbound and corporate travel across markets such as Japan, China, South-East Asia, Australia, New Zealand, Europe and America.

Jubilant Organosys - Press Release

Jubilant Organosys Ltd has announced that the Company's Corporate Sustainability Program has received simultaneous dual recognition from International Finance Corporation (IFC), USA and CII.

The Company's Corporate Sustainability Program features in IFC's new international report entitled "Market Movers: Lessons from a Frontier of Innovation" detailing stories of tour Companies from emerging markets that have pioneered business strategies. The Report was formally released by IFC at the recent CII Sustainability Summit.

IFC, a member of the World Bank Group, has developed the 'Market Movers' Report jointly with SustainAbility (UK), an independent think-tank that specializes in the business risks and market opportunities of corporate responsibility and sustainable development. The Report cites the Company, 'As a Company that has been able to reassure and attract existing customers and Investors by efficiently building Sustainability into it's business model and sustained reporting of it's Initiatives in this area".

In another achievement, the Company was also honoured with a special award for 'Commitment to Sustainability' by CII at its recent Sustainability Summit.

The CII Award was preceded by a comprehensive audit at the Company's manufacturing locations and several rounds of meeting with senior management to understand the Company's Corporate Sustainability Strategy. The Award is a validation of the high level of integrity demonstrated by the Company's Corporate Sustainability Program in successfully managing stakeholder expectations.

Speaking on the occasion, Mr. Shyam Bhartia, Chairman and Managing Director and Mr. Hari Bhartia, Co-Chairman and Managing Director of the Company said "We are proud that Jubilant's Corporate Substantially Program has he recognised by institutions like IFC and CII, with widely respected benchmarks for measuring the impact of Corporate Sustainability Programs. Jubilant has continued to focus on going beyond legislative requirements to voluntarily building stakeholder feedback into its business model. The Company believes that for business sustainability and longevity, it has to play its part as a responsible corporate citizen, by focusing on the triple bottom- line approach of addressing economic, environmental and social concerns."

Alchemist Realty Board recommends Bonus Issue

Alchemist Realty Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 13, 2007, has recommended to the shareholders for issue of Bonus Shares by capitalization of reserves in the ratio of 1:1 i.e. One Bonus Share for every one equity share held by the shareholders.

Further, Extra Ordinary General meeting of the shareholders of the Company will be held on January 10, 2008 for obtaining their approval for the bonus issue.

Rei Agro - EGM on Dec 24, 2007

Rei Agro Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 24, 2007, inter alia, to transact the following business:

- Subject to the confirmation of the High Court at Calucutta of the Scheme of Arrangement between the Company and REI Six Ten Retail Ltd and their respective shareholders, consent be and is hereby accorded pursuant to the provisions of Sections 78, 100 to 103 and other applicable provisions, if any, of the Companies Act, 1956 and Clause 3 of the Articles of Association and all other enabling provisions of the Company's Articles of Association and the Memorandum of Association of the Company to reduction of the paid-up Equity Share capital of the Company by canceling a sum of Rs 4/- from each paid-up Equity Shares of Rs 10/- each and thereafter consolidating 5 (five) Equity Shares of Rs 6/- each into 3 (three) Equity Shares of Rs 10/- each fully paid-up in the company in the manner as set out in Clause 1.3 of Part-IV of the proposed Scheme of Arrangement, subject to necessary provisions & approvals.

Rajesh Exports secures maiden branded Diamond Jewellery export order of Rs 116 crores from M/s. Excel Goldsmiths, UAE

Rajesh Exports Ltd has informed BSE that the Company has bagged its maiden branded Diamond Jewellery order for Rs 116 crores from M/s. Excel Goldsmiths, Sharjah.

This is the Company's maiden export order for Diamond Jewellery. The Company has introduced nine brands of diamond jewellery. It has taken more than two and a half years of in-depth research to visualize, design, prototype and manufactures these brands.

The order is for six out of the nine brands of Diamond Jewellery manufactured by the Company. The order is for the following brands:

1. Eternal
2. Solitaire
3. I-teen
4. Ghazal
5. Aishwarya
6. Sushmita

The Diamond Jewellery is to be made by using VVS 1 G H colour Diamonds. The order is to be delivered by March 31, 2008. This order is expected to have a positive impact on the profitability of the Company.

Nagarjuna Construction - Updates

Nagarjuna Construction Company Ltd has informed BSE that the Directors of the Company have vide Circular Resolution dated December 12, 2007, appointed Sri. Akhil Gupta, Chairman & Managing Director of M/s. Blackstone India Ltd., as Additional Director on the Board of the Company. Sri. Akhil Gupta is a nominee of M/s. Blackstone India Ltd on the Board of the Company. The Directors have also accorded approval through the above circular resolution for appointment of Sri. Amit Dixit as an Alternate Director to Sri. Akhil Gupta with effect from December 12, 2007. Sri Akhil Gupta has also been appointed as a Member of the Audit Committee & HR & Compensation Committee of the Board.

GMR Infrastructure - Press Release

GMR Infrastructure Ltd has informed BSE that GMR Hyderabad International Airport Ltd (GHIAL), a subsidiary of the Company, has awarded the Airport shuttles to Shree Raj Travels & Tours Ltd for providing:

- 125 air-conditioned airport shuttle buses to the Hyderabad International Airport
- Shuttle buses will ferry passengers from designated 15 locations in the city
- Buses will operate at 15-minute intervals during peak time
- Buses to offer Wi-fi, food & beverage and ample luggage storage space for passengers

In this regard the Company has issued the following Press Release:

"GMR Hyderabad International Airport Ltd (GHIAL), which is developing the Rajiv Gandhi International Airport in Shamshabad where over 92% work is already completed, has awarded airport shuttles concession to Shree Raj Travels & Tours Ltd for a period of seven years.

Once the airport is commissioned on March 16, 2008, 125 air-conditioned airport shuttle
buses will ferry passengers to the airport at 15-minute intervals during peak hours and at
30-minute intervals at non-peak times. The price per trip is expected to be below Rs
100/-.

There will be over 75 dedicated Airport Shuttle buses that will ferry passengers to and from the airport from the designated 15 locations in the city. Another 50 Airport Shuttle buses will be deployed to ferry airport staff as well. The designated locations in the city include Sainikpuri, Gachibowli, Charminar, Mehdipatnam, Necklace Road, Mahatma Gandhi Bus Station, Dilsukhnagar, Uppal, Tarnaka, Secunderabad Railway Station, Begumpet Airport, Paryatak Bhavan, Errgadda, Jubilee Hills, and Hitech City.

These buses will have Wi-Fi facilities for passengers to access e-mails or the Internet. Fitted with modern vehicle tracking system, Flight Information Display Systems (FIDS), and onboard entertainment system these air-conditioned buses will also offer food & beverage options besides ample luggage storage space for passengers.

Mr. Rajgopal Swami, CFO — GMR Hyderabad International Airport Ltd, said: "We are constantly striving to enhance passenger experience at the new airport and our association with Shree Raj Travels & Tours is another step in this direction. The Airport Shuttle bus service with facilities like Wi-Fi, vehicle tracking system, ample luggage storage space and food & beverage services will ensure the passengers' drive to the new airport is stress-free and an enjoyable experience."

Escorts - Allotment of equity shares

Escorts Ltd has informed BSE that the Share Allotment Committee of Directors of the Company at its meeting held December 12, 2007, has allotted 7,44,681 equity shares in the name of members of Hardship Committee constituted by High Court Delhi vide its order dated October 19, 2006, in compliance of the order passed by Hon'able High Court Delhi on December 05, 2007 u/s 391 of the Companies Act 1956 in respect of Company application of Scheme of Arrangement and Compromise between the Company and its members and Escorts Finance Ltd and its Fixed Deposit Holders.

Parsvnath Developers - Parsvnath Prideasia booking opens

Parsvnath Developers Ltd has informed BSE that the Company in connection with the announcement of launch of second scheme for further bookings in the prestigious township viz. "Parsvnath Prideasia" at Rajiv Gandhi Technology Park, Chandigarh.

In this regard the Company has issued the following Press Release:

"Encouraged by successful launch of first scheme Parsvnath PRIDEASIA, a premium township in Chandigarh, Parsvnath Developers Ltd now announces launch of second scheme for further bookings in the prestigious township.

During the scheme-II, the applications along with earnest money of 5% of basic cost shall be accepted from 5th to 25th of each month and buyer may give option for more than one floor and, a specific number in order of preference, which shall be treated as an alternate in the eventuality of his first preference having been already allotted.

The units will be available with an option from one bedroom to five bedrooms luxurious apartments and spacious penthouses. Exclusive high-end limited edition independent villas of 8660 sq. ft area costing approximately Rs 6.20 crores each are special attraction in the offering.

Parsvnath Prideasia launched its scheme-I for limited period in August this year. The township received an overwhelming response and approximately 3.47 lac sq. ft. of area was sold generating sales worth of Rs 265 cores in the scheme-I itself.

The township is strategically located close to Sukhna lake and in the backdrop of Shivalik range. The township includes a sports complex, a shopping mall, a super luxurious club with serviced apartments and a proposed helipad. Parsvnath Prideasia is the first of its kind and has saleable Residential area of 38.5 lacs square feet and a commercial area of 2.7 lacs square feet with realization value of over $ 1 billion spread over 3 years including current financial year.

Parsvnath Prideasia is an integral part of Rajiv Gandhi Chandigarh Technology Park and provides world-class integrated infrastructure for the setting of facilities, campuses by leading technology Companies and other IT / ITES / BPO Companies for the first time in this region. The project is being developed jointly in hands with Chandigarh Housing Board.

The project will be ready for occupancy in a period of 3 years including the current financial year.

Glenmark Pharmaceuticals - Press Release

Glenmark Pharmaceuticals Ltd has informed announced that the Company confirmed that Abbott ("Abbott") filed suit on December 07, 2007 in the U.S. District Court for the District of New Jersey, seeking to prevent Glenmark from proceeding with the commercialization of its TRANDOLAPRIL; VERAPAMIL HYDROCHLORIDE products which is currently marketed by Abbott as Tarka®. Glenmark filed an Abbreviated New Drug Application (ANDA) with the United States Food and Drug Administration (FDA) seeking regulatory approval to market a generic version of TRANDOLAPRIL; VERAPAMIL HYDROCHLORIDE which included a paragraph IV certification with respect to patent listed by "Abbott" in the FDA "Orange Book." Glenmark believes it is the only applicant to have filed an ANDA for this product with a paragraph IV certification. In the event that Glenmark successfully challenges Abbott’s patent, Glenmark will be entitled to a 180 day exclusivity period.

Tarka®, EXTENDED RELEASE ORAL tablets are indicated for the treatment of hypertension. The product had sales of approximately $100 million in the U.S market.

Other PIV Filings:

With this filing, Glenmark has four first to file positions for various products e.g.
Ezetimibe, Desloratadine, Atomoxetine Hydrochloride. On successful patent challenges Company will have shared exclusivity for the Desloratadine and Atomoxetine whereas in the case of Ezetimibe Glenmark will be the sole Company who will be entitled for the 180 days exclusivity.

On-going Exclusivity:

Additionally, glenmark has an on-going shared exclusivity on Tri