ICICI clarifies on newspaper reports

With reference to various reports appeared in the press on the subject of conversion of ICICI into a bank and the likely merger of ICICI and ICICI Bank. ICICI Ltd. has informed BSE the issue of universal banking in India has been discussed at length over the past few years and several committees appointed by the Reserve Bank of India have addressed this issue. The RBI Monetary policy in April 2000 stated that any DFI which wishes to do so should have the option to transform into a bank provided the prudential norms as applicable to banks are satisfied. To this end a DFI would need to prepare a transition path in order to fully comply with the regulatory requirement of a bank. Thus the monetary policy for the first time gave an opportunity to DFI's such as ICICI to explore the possibility of becoming a bank. In this regard ICICI has had several exploratory discussions with the regulators. It is only after satisfactory resolution of various regulatory issues including that of imposition of SLR, CRR and Priority Sector lending that a view can be taken on the future course of action.

Wipro inaugurates Kochi Call Centre

Dr K S Raman Director National Informatics Centre Kerala State Unit inaugurated Wipro's Eighth Customer Support Call Centre in Kochi today October 6, 2000.Wipro Infotech has largest IT Group of Customer Support Call centres in India. Wipro's single telephone number for computer support assistance at Kochi is 0484-324611. Wipro's call centres at Mumbai, New Delhi, Calcutta, Chennai, Bangalore Hyderabad Ahmedabad, have received more than 1,40,000 calls in the past fifteen months. Each call centre has a technical help desk to resolve the phone giving customers very fast call resolution. The Wipro Call Centres offer a single point contact for Customers to log their computer related calls. They are equipped to handle calls received from different types of communication modes like telephone pager, fax, e-mail web etc. The calls registered are automatically routed to their respective service locations and tracked till closure. "Wipro's offering of end to end IT Infrastructure management includes Asset and Mail Management,Virus Control and Network Administration and Management," said Deepak Jain ,National Manager, Manager IT ,Wipro Infotech "Customers get the benefit of product and multi vendor support services, messaging upgrade and global support services and Facilities Management services." Wipro Infotech Operations and Customer Support is a part of Wipro Corporation which serves Customers in high value Information Technology Software, Systems and Services. Consumer Care and Lighting brands and Healthcare Technology Services.

DoT grants Infrastructure Provider licence to S Kumars.com

S Kumars.Com has informed the BSE that the Department of Telecommunications, Govt of India has approved their application for the Infrastructure Provider Category (IP-II) status vide their communication dated 4th October 2000. It further said that the IP-II licence is meant for those Infrastructure Providers who lease /rent out sell end to end bandwidth i,e Digital transmission capacity to carry a message through any media with this license, S Kumar.Com can sell bandwidth to any telecom service provider such as basic cellular ISP and like. This license further reiterates their status as a national information provider and further boosts our plans of selling up a nationwide network. S Kumars.Com is already a holder of the Category A ISP (Internet Service Provider) licence and with this approval S Kumars.Com Ltd becomes First Indian Company to be granted this license status of Infrastructure Provider Category II

Orient Cerlane parent co acquired by Unifrax UK Holdco

Unifrax U K Holdco Ltd. (A Unifrax Group company) has acquired Unifrax Ltd. U K (A Saint-Gobain company) as a part of global acquisition of the ceramic fibre business by Unifrax group As Unifrax Ltd.U K holds 58.91% of the equity capital of Orient Cerlane Ltd this acquisition indirectly results in change in control of Orient Cerlane Ltd.

Trans Techno fixes record date for stock split

Trans Techno Foods Ltd. has fixed December 7, 2000 as the record date for considering entitlement of shareholders eligible for stock split to divide the face value of equity shares of the company. from Rs 10/- each to Rs 1/- each.

Foreign Holding in ICICI reaches 49%

Reserve Bank Of India vide its letter dated October 5, 2000 has informed BSE that, the aggregate holding by FIIs/OCBs/NRIs/PIOs in ICICI Ltd has reached the limit of 49% of the company's paid-up equity capital. The letter further states as the percentage of FIIs/OCBs/NRIs & PIOs holding has reached the limit of 49% of the paid-up equity capital, no further purchases of equity shares of this company should be made through stock exchanges in India on behalf of Foreign Institutional Investors (FIIs) and OCBs/NRIs/PIOs.

Mastek shareholders approve stock split

At the Annual General Meeting of Mastek Ltd. held on October 04, 2000 the stock split of Two shares of Rs 5/- each for One equity share of Rs 10/- each was approved by the shareholders. The record date for the stock split has been fixed as November 14, 2000.

Gujarat Ambuja Q1 results on October 13, 2000

The Board of Directors of Gujarat Ambuja Cement Ltd will meet on October 13, 2000 to discuss and consider the quarterly unaudited financial results for the first quarter ended September 30, 2000.

Nubal India allots equity shares on preferential basis

The Board of Directors of Nubal (India) Ltd has allotted 5,75,676 equity shares of Rs.10/- each on preferential basis to M/s.Nubal Electronics Ltd., UK.

ICICI to sell property of Backbay Reclamation

ICICI Ltd has agreed to sell 7 floors of ICICI Main Bldg. (1 to 7 floors, approx. 48445 sq.ft built up area) situated at 163, Backbay Reclamation, Mumbai - 400 021, for an aggregate sum of Rs.731/- million to various group companies of Mr.Ketan Parekh.

Sriven Multi-Tech withdraws proposal of acquisition of stake in Color Chips

Color Chips (India) Ltd has informed BSE that it has received an intimation from Sriven Multi-Tech Ltd. stating that in view of certain developments that have taken place subsequent to the entering into the agreement to acquire 10.89% of the equity capital of the company, Sriven Multi-Tech has decided to cancel the agreement and hence withdraw the proposal to acquire the shares.

BSE imposes special margin on Ashima

BSE has imposed special margin of 25% on Ashima Ltd having scrip code no 14286 with effect from Friday October 6, 2000. of Directors has also appointed Shri Kapil Wadhwan the existing Executive Director as the new Managing Director of the company.

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