First Leasing Q3 net profit up 22.88%

First Leasing Company Ltd. has posted a net profit of Rs 46/- million in the quarter ended August 31, 2000 as compared to Rs 37.44 million in the same period last year. The Income from operations for the quarter ended August 31, 2000 is at Rs 353.05 million as compared to Rs 310.22 million in the same period last year. Other income for the quarter ended August 31, 2000 is at Rs 49.60 million as against Rs 30.73 million in the quarter ended August 31, 1999.

NETg and NIIT team up to deliver unprecedented e-learning customization choices

NIIT Ltd. today (September 26, 2000) announced that it has joined the NETg Custom Developer Alliance Program a new e-learning initiative that allows organizations to fully customize NETg "off the shelf" courses and/or create new courses in the industry-unique NETg learning object format. IDC research indicates a growing market need for custom training courseware, noting that in the age of the internet customers want tailored training solutions. The NETg Custom Developer Alliance Program combining NIIT services with Leading NETg courseware allows companies using NETg's Skill Builder courses to enjoy the benefits of custom courseware faster and for less cost than traditional custom course development. NETg's Skill Builder courseware is based on the NETg Learning Object technology selected in April by the United States National Security Agency for co-operative research and development which brings inherent flexibility and efficiency to e-Learning. This cutting edge leaning structure gives Custom Developer Alliance Partners such as NIIT a significant advantage in delivering high quality custom learning materials faster and more cost effectively.

Techno Electric Board approves rights issue

The Board of Directors of Techno Electric And Engineering Co Ltd at its meeting held today (September 26, 2000) has approved the rights issue of 13,19,200 equity shares of Rs 10/- each of the company in the ratio of one (1) equity share for every two (2) equity shares held at a premium of Rs 50/- per share.

Motorol Speciality to raise Rs 300/- million

The Board of Motorol Speciality Oils Ltd has decided to issue foreign equity in tune of Rs 300 million to be raised by way of issue of equity issue shares of the company at a premium not less than Rs 90/- per share. Fresh infusion of funds will be utilisied for 1. Expansion and modernisation of existing production facilities marketing network including opening of offices and to appoint agents abroad in South East Asia, Middle East & Africa and to acquire manufacturing facilities in South East Asia 2. Repayment of Debts of the company 3. Working Capital requirement of the company At the Board Meeting held on September 21, 2000 the Board has considered the proposals for issue of Bonus Shares from different view points and has decided to postpone the proposal for issue of Bonus shares. The Board has decided to boost up R&D activities to strengthen company's position in the specialty lubricants industry. The Board has also decided to explore possibilities to diversify into knowledge & technology base areas.

United Western Bank Bonus /Rights issue in abeyance

United Western Bank Ltd has informed BSE that some of the shareholders of the Bank have filed a petition with Company Law Board Principal Bench New Delhi under Sec 397 & 398 of the companies Act 1956. Hon'ble Bench of the Company Law Board granted the ad-interim order restraining the Bank its Directors employees and agents from in any manner acting upon and/or implementing any resolutions that may be passed in respect of issue of any further equity shares. In view of the above order the Bank has decided to hold the proposal of Bonus-Cum-Rights issue in abeyance.

BSE imposes special margin on 10 scrips

BSE has imposed Special Margin in the under mentioned scrip as mentioned alongside with effect from Tuesday, September 26, 2000. SrNo Scrip Code Scrip Name Scrip Group Special Margin(%) 1. 32365 Dynacons Systems & Solutions Ltd B2 25 2. 23 Asian Hotels Ltd B1 25 3. 24404 Tasc Pharmaceuticals Ltd B2 25 4. 31518 Adarsh Derivatives Ltd B2 25 5. 32347 Helios &Matherson Information Technologies Ltd B2 25 6. 32035 Unistar Multimedia Ltd B2 25 7. 31085 Lakhani India Ltd B2 25 8. 23419 Tamil Telecommunications Ltd B2 25 9. 11690 Warner Multimedia Ltd B2 25 10. 31404 Zicom Electronic Security Systems Ltd B2 25

Pentamedia Graphics signs MOU with Infocomm

Pentamedia Graphics Ltd has signed a MOU as a strategic partner with the Infocomm Development Authority of Singapore to enhance Singapore's IBBMM (Interactive Broadband Multimedia) industry.

La Opala RG to delist equity shares from Ahmedabad Stock Exchange

At the AGM of La Opala RG Ltd. held on 08.09.2000, members have unanimously approved the resolution regarding voluntary delisting of shares of the company from the Ahmedabad Stock Exchange.

Jammu & Kashmir Bank to launch co-branded credit card

Jammu & Kashmir Bank Ltd .has informed BSE that, the bank is very soon launching co-branded Credit Card with American Express Bank and agreement to this effect is being signed with the said Bank.

Indo-French Biotech registered with BIFR

Indo-French Biotech Enterprises Ltd. has informed BSE that, it has been registered with BIFR. Further, it has also informed that, there are 20 cases pending u/s 138 involving a sum of Rs.49.69 million and there are charges of oppression & mismanagement filed by MMTC before CLB, New Delhi.

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