Milind Puranik resigns as Company Secretary of VIP Industries

VIP Industries Ltd has informed BSE that Mr Milind Puranik has resigned as Company Secretary of the Company w e f April 01, 2002 and Ms Veena Nair has been appointed as Dy. Company Secretary w e f April 01, 2002.

SAB TV Network to consider issue of equity capital on preferential basis

Sri Adhikari Brothers Television Network Ltd has informed BSE that a meeting of the Board of Directors will be held on April 11, 2002 to consider further issue of equity capital on preferential basis.

HSS and aTelo Demonstrate Interoperability between the HSS SIP Server and the aTelo Media Server @ Spring VON 2002

Hughes Software Systems Ltd today (April 10, 2002) successfully demonstrated interoperability between HSS call control platform (the HSS SIP Server) and a Telo's software-only media processing platform (the aTelo Media Server). The companies are showcasing an interactive voice response (IVR) application built using the HSS SIP Server and the aTelo Media Server in HSS booth here at Spring VON 2002. The aTelo Media Server and HSS SIP Server will speed the development of new communications services based on Session Initiation Protocol (SIP), the emerging standard for real-time communications over IP-based networks. This combination of products gives the industry a service creation and delivery platform that offers both media processing and SIP signaling functionality. Moreover it leverages the web model for creating new services, enabling service providers and solution vendors to access the huge pool of web developers to quickly and cheaply develop applications like prepaid calling, IVR, conferencing, unified messaging and IP Centrex. The HSS SIP Server is a breakthrough solution for developing and deploying a variety of feature rich SIP servers, including Proxies, Registrars, redirect, location Servers, Back-to-Back user agents (B2BUA), Call state control function (CSCFs) and application servers.

M K Arora retires as Company Secretary of Blow Plast

Blow Plast Ltd has informed BSE that Mr M K Arora has retired as Company Secretary of the Company w e f April 01, 2002 and Mr Milind Puranik has been appointed as Company Secretary w e f April 01, 2002.

Marico Industries to consider FY-02 results/Bonus Issue on April 18, 2002

A meeting of the Board of Directors of Marico Industries Ltd is scheduled to be held on April 18, 2002 to consider the following: 1. The Audited financial results for the quarter & year ended March 31, 2002 2. Declaration of interim dividend/Final dividend for the year ended March 31, 2002 3. Issue of Bonus Shares

Infosys Tech Q4 net up by 15.77%, FY-02 net up by 28.49%

Infosys Technologies Ltd has posted a net profit of Rs 2.103 billion for the quarter ended March 31, 2002 as compared to Rs 1.816 billion in the quarter ended March 31, 2001. Net Sales have increased from Rs 56.187 billion in the quarter ended March 31, 2001 to Rs 68.013 billion in the quarter ended March 31, 2002. The company has posted a net profit of Rs 80.796 billion for the year ended March 31, 2002 as compared to Rs 62.881 billion for FY-01. Net Sales have increased from Rs 19.005 billion in the year ended March 31, 2001 to Rs 26.035 billion in the year ended March 31, 2002. The board has recommended a final dividend of Rs 12.50 for each share of par value of Rs 5 per share, i.e. a final dividend of 250 per cent. The board has approved an investment of up to $5 million in the company's business process management initiative. The board has recommended for the approval of the members in the annual general meeting, the increasing of the maximum limit of the foreign institutional investors' holdings in the company's paid-up from 49 per cent to 100 per cent.

Infosys fixes book closure for final dividend

Infosys Technologies Ltd has fixed the book closure from May 24, 2002 to June 08, 2002 (both days inclusive) as the book closure for the purposes of determining the shareholders entitled for the final dividend.

Infosys issues outlook for FY-03

Infosys Technologies Ltd expects income from software development services and products to be between Rs 68.40 billion and Rs 69.40 billion & earning per share to be between Rs 31 & Rs 32 for the quarter ending June 30, 2002. The company expects income from software development services and products to be between Rs 30.85 billion and Rs 31.70 billion & earning per share to be between Rs 141 & Rs 145 for the fiscal year ending March 31, 2003.

Infosys announces FY-02 results as per GAAP standards

Infosys Technologies Ltd has announced results as per GAAP standards: The net profit for the quarter ended March 31, 2002 as per Indian GAAP is Rs 2.103 billion as compared to Rs 2.059 billion as per US GAAP. The net profit for the year ended March 31, 2002 as per Indian GAAP is Rs 8.079 billion as compared to Rs 7.858 billion as per US GAAP. The reasons for differences in net income as per Indian GAAP and US GAAP is because of amortization of deferred stock compensation. The company has charged to revenue under US GAAP an amount of Rs 61.50 million and Rs 239.20 million for the quarter & year ended March 31, 2002, respectively, as deferred stock compensation.

BSE imposes Special Margin of 25% on Dredging Corporation

BSE has informed the members of the exchange that Special Margin of 25% has been imposed on Dredging Corporation of India Ltd with effect from today, (April 10, 2002). Special margins will be imposed on the basis of memberwise gross purchase or sale position (Clientwise net).

Hitech Drilling fixes record date for Scheme of Amalgamation

BSE has informed the members of the exchange that Hitech Drilling Services Ltd has fixed May 15, 2002 as the Record Date for the purpose of the Scheme of Amalgamation of Hitech Drilling Services Ltd., with Aban Loyd Chiles Offshore Ltd. As per the Scheme two fully paid up equity shares of Rs 10/- each of Aban Loyd Chiles Offshore Ltd., will be allotted for every five fully paid up existing equity share of Rs 10/- each and two partly paid up equity shares of Rs 5/- paid up (face Value Rs 10/-) of Aban Loyd Chiles Offshore Ltd., will be allotted for every five partly paid up existing equity share of Rs 5/- each paid up (face value Rs 10/-) of Hitech Drilling Services Ltd., held. There will be no dealings in the aforesaid scrip with effect from May 06, 2002.

Sun Beam Infotech fixes record date for Scheme of Arrangement

BSE has informed the members of the exchange that Sun Beam Infotech Ltd has fixed May 07, 2002 as the record date for the purpose of Scheme of Arrangement for demerger of Property and Hotel division of Sun Beam Infotech Ltd., between Sun Beam Infotech Ltd., and Parveen Real Estate Pvt. Ltd. (presently unlisted company). As per the Scheme five equity shares of Rs 2/- each fully paid up of Parveen Real Estate Pvt. Ltd will be allotted for every two existing equity share of Rs 10/- each fully paid up of Sun Beam Infotech Ltd., held. Transactions in the above mentioned scrip will be on cum entitlement basis upto April 25, 2002 and Ex-entitlement basis from April 26, 2002.

IDBI clarifies on news item

With reference to a news item appearing in a leading financial daily quoting "IDBI to exit IDBI Bank", Industrial Development Bank of India has informed BSE that there is no current proposal as of now for sale of IDBI's stake in IDBI Bank but the option would be explored in due course.

Apollo Tyres achieves record turnover for the year ended March 31, 2002

Apollo Tyres Ltd has informed BSE that the Company has achieved record turnover in excess of Rs 17000 million for the year ended March 31, 2002 on the basis of provisional figures compiled by the Company. The Company further informed that the last three years revenue trend clearly shows a steady growth pattern which is as follows: Year Turnover (Rs/ million) 1998-99 11511.6 1999-00 13487.5 2000-01 14540.7 The 18% growth achieved by the Company is a remarkable at a time when the business environment is challenged by continuing recession.

VisualSoft Tech Releases Internet Components for Microsoft.NET

VisualSoft Technologies Ltd, a leading software products and solutions provider, announced the release of its Internet protocol components, VisualSoft FTP and VisualSoft Mail built for Microsoft Visual Studio.NET. These components written in managed code, take advantage of the Microsoft.NET Framework and can be seamlessly integrated in applications. Following on its earlier announcement to introduce components compatible with the Microsoft.NET Framework, VisualSoft is now releasing VisualSoft FTP and VisualSoft Mail for Microsoft.NET to provide developers with the improved functionality in building rapid communication applications. These components provide flexibility for integrating into the Microsoft Visual Studio.NET Integrated Development Environment (IDE) for developing highly customizable solutions. "We are pleased to release VisualSoft FTP and VisualSoft Mail for the Microsoft.NET platform," said Mr DVS Raju, Chairman and Managing Director, VisualSoft Technologies. "We believe these components will add enhanced functionality and value to simplify application development life cycle and deployment scenarios."

Great Eastern Shipping enters into JV with QGPC/U B Air/ United Heli

Great Eastern Shipping Company has entered into a Joint Venture agreement amongst Qatar General Petroleum Corporation (QGPC) and U.B. Air Pvt Ltd (UB) and United Helicharters Pvt Ltd (JVC) to formalise the existing arrangement of leasing Helicopters from QCPC and chartering it to Offshore industries in India etc. Currently both G E Shipping and UB operate 2 and 3 Helicopters respectively which have been leased from QGPC, a Corporation owned by the Qatar Govt and chartered out to various charterers including oil field operators. The initial paid up capital of the JVC will be Rs 20 million which will be subscribed by QGPC to the extent of 36%, GE Shipping and UB 26% each and key employees of the JVC will hold the balance 12%.

Mcdowell & Co Q4 results on April 30, 2002

Mcdowell & Company Ltd has informed BSE that a meeting of the Board of Directors is scheduled to be held on April 30, 2002 to consider inter alia the Unaudited Financial Results (provisional) for the three months ended March 31, 2002.

Digital GlobalSoft FY-02 results on April 25, 2002

Digital GlobalSoft Ltd has informed BSE that a meeting of the Board of Directors will be held on April 25, 2002 to approve the Audited Financial Results of the Company for the fiscal year ended March 31, 2002. In view thereof the Company will not be publishing its unaudited financial results for the Quarter ended March 31, 2002. Further the Board of Directors will also consider recommending to members of the Company the payment of a dividend on the equity share capital of the Company for the fiscal year ended March 31, 2002

Dr Reddy's Lab launches new generation asthma drug

Dr Reddy's Laboratories Ltd today (April 10, 2002) launched Montelukast (generic name), a non-steroidal drug indicated for prohylaxis and treatment of asthma, in India. The Company will market the product under the brand name Emlucast. The product will be available as tablets in three strengths: 10mg tablets for adults, 4 and 5mg chewable tablets for children. Montelukast, with its once-a-day dosage and 24 hour protection, will provide high degree of patient compliance and preference. Dr Reddy's had launched Zuvair (Generic name Zafirlukast) in February 2002. Dr Reddy's is the only company to have launched both Montelukast and Zafirlukast in India. Both the drugs belong to the same class of compounds called leukotriene receptor antagonists. The anti-asthmatics market in India is estimated at Rs 3510 million (ORG Feb'02 MAT).

Mastek Q3 net profit at Rs 75.20 million

Mastek Ltd has posted a net profit of Rs 75.20 million for the quarter ended March 31, 2002 as compared to Rs 0.30 million for the quarter ended March 31, 2001. Total Income has increased from Rs 191.40 million in MQ-01 to Rs 266.20 million in the quarter ended March 31, 2002. The Group performance is as follows: The net profit for the quarter ended March 31, 2002 is at Rs 105.30 million as compared to Rs 1.10 million in the corresponding period last fiscal. Total Income has increased from Rs 603.50 million in the quarter ended March 31, 2001 to Rs 715.80 million in MQ-2002.

Mastek revises guidance for FY-2002

Commenting on the performance, Ashank Desai, Chairman and M D of Mastek said "Although US economic situation is somewhat better than last quarter, there are still conflicting signals on the economic upturn. While we continue to add Fortune 1000 clients, we have not seen significant increase in size of the projects and pricing pressure continues. We are encouraged by European & Deloitte Consulting-JV performances. However we continue to focus our energies on US market with a hope of an early upturn" Guidance: On reviewing the overall performance during the past nine months in the current FY-2002, the company revises its 2001-2002 revenue growth guidance to 7%-10% compared to 10% to 15% given earlier. It is also revising upwards its 2001-2002 profit after tax growth guidance to over 250% compared to over 150% given earlier.

Chennai Petro FY-02 by June 30, 2002

With reference to a news item appearing in a leading financial daily quoting "IDBI to exit IDBI Bank", Industrial Development Bank of India has informed BSE that there is no current proposal as of now for sale of IDBI's stake in IDBI Bank but the option would be explored in due course.

Kesoram Industries FY-02 results by June 30, 2002

Kesoram Industries Ltd has informed BSE that the Board of Directors of the Company will adopt the audited accounts for the year ended March 31, 2002 on or before June 30, 2002. Hence the Company will not be publishing the unaudited financial results for the last quarter ended on March 31, 2002.