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July 3, 2000
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| GV Films FY 2000 net profit at Rs 10.41 million |
GV Films Ltd has posted a net profit of Rs 10.41 million for the year ended March 31, 2000 on a turnover of Rs 32.23 million for FY 2000.The company resolved to increase the authorised capital from Rs 200 million to Rs 300 million.
As the company proposes to embark upon development activities such as exploring overseas internet media for Indian movies there is a need to preserve the resources of the company for such activities .So the Board has decided not to recommend dividend for the financial year ended March 31, 2000.
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| Wipro Peripherals division to be restructured |
Wipro Ltd today announced that the peripherals division of Wipro Infotech will be restructured as a separate legal entity to allow entrepreneurial talent to get strategic investment and grow the volume driven product business in the new entity. The changes will take effect from August 1, 2000 subject to approval by the shareholders at the next Annual General Meeting.
Being a separate entity will facilitate Wipro peripherals to become a dominant player in the market and will allow Wipro Infotech to focus on our comprehensive IT services and solutions for customers together with our core IT products including the Wipro PC brand said Arun K Thiagarajan Vice Chairman Wipro Ltd. The new entity will continue to be our preferred partner for providing high quality peripherals to our customers as part of our focus on IT services and solutions.
To be initially called Wipro ePeripherals Ltd. the new entity will be largely owned by employees led by Ram N Agarwal as Managing Director and CEO. Wipro Ltd. will have 39% in Wipro ePeripherals Ltd. The restructuring of Wipro's Peripherals Division is in line with Wipro's approach to encourage entrepreneurial talent in the company to create value for shareholders said Azim H Premji Chairman Wipro Corporation. Wipro's support to the new company will be through a financial stake with two nominees on its Board and through their continued use of the Wipro brand name for a 3-year transition period.
Wipro's Peripherals Division a 15year old Rs 240 crore division of the Rs 2313 crore Wipro Ltd. focuses on marketing computer peripherals. The division has an enviable track record of continuous profit since its inception.
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| TV 18 to establish moneycontrol.com as its finance and business news portal |
Television Eighteen has recently acquired the popular personal finance portal money control.com in a stock and cash deal through E 18, its internet focused subsidiary The acquisition has furthered TV 18's objective of creating a strong internet presence in the Indian business and finance information space. The portal will now combine TV 18's real time business news and analysis capabilities with the personal finance advisory strengths of money control. TV18's involvement will also give moneycontrol media and promotional support. The consolidation has already brought with it a host of preferred strategic alliances with strong partners like Yahoo India, HDFC, ICICI and Aptech.
Money Control .com has created a high level of brand equity and client for itself TV 18 believes that the existing capabilities of money control.com combined with its own multi-dimensional strengths can be effectively leveraged and to create substantially higher brand equity and value for the venture. Keeping this in view TV 18 has decided to maintain the URL moneycontrol.com as its business and news finance portal replacing rupeemaker.com .The formal launch of the portal with its revised content is expected in the next one month. |
| Ram Informatics allots 1 million equity shares at Rs 250 per share |
| The Board of Directors of Ram Informatics Ltd at its meeting held on July 1, 2000 has allotted 1 million equity shares of Rs 10 each in the capital of the company at a premium of Rs 240/- per share to the shareholders of M/s Aravali Technologies Inc, California USA as part of their consideration for the acquisition by the company of 100% equity stake in Aravali Technologies Inc |
| Dr. Reddy's Laboratories introduces first on-line clinical study |
The First on-line integrated clinical study in India was unveiled by Dr Reddy's Laboratories as part of the launch of its anti-cancer product Irnocam (Irinotecan) here yesterday. The site for the on-line study is hyper linked to the company website www.drreddys.com
Developed by the company's Critical Care division the on-line study aims to provide oncologists with the better tools for improving clinical outcome and for helping them in optimising treatment with Irinotecan as a first line therapy for advanced colorectal cancer (ACRC).
A panel of eminent oncologists across the country will enroll their patients suffering from ACRC in the on-line studyThis will help in generating on-line data like dose adjustments and better side effect management on a periodic basis.However investigating physicians will have acess only to their respective patients data to protect the confidentiality and privacy of the patients Irnocam is the fifth product from the clinical care division in the oncology segment.
Dr Reddys Laboratories is the first company in India to offer the product in a 40-mg strength along with the 100-mg strength.Irnocam 40-mg is tailor made for finer dose adjustments. |
| BSE imposes special margin on 24 scrips |
BSE has imposed special margins on 24 scrips with effect from Monday July 3 2000 The rates of Special Margins have been revised keeping in view the closing price of the scrip on the last
day of the settlement.
BSE has imposed special margins on 24 scrips with effect from Monday July 3 2000 The rates of Special Margins have been revised keeping in view the closing price of the scrip on the last
day of the settlement.
Sr.No. Scrip Code Scrip Name Group Special Margin Per Share (%)
1 17455 ANCO COMM B2 25
2 32336 BARON INFOTECH B2 25
3 26443 DATASOFT APPL B2 25
4 26532 ESSEN SUPPLEM B2 25
5 32338 GDR SOFTWARE B2 25
6 32318 GEMINI COMM B2 25
7 6109 GENESYS INT. B2 25
8 31939 GENIUS COMM B2 25
9 11288 GRUH FINANCE B1 25
10 31984 GUJARAT FISCON B2 25
11 26899 HIMALAYA INT. B2 25
12 31661 HITTCO PRECI B2 25
13 12642 INFRA.DEV.I B2 25
14 31692 KHYATI MULTI B2 25
15 31870 MANSUKH FIN. B2 25
16 31417 MEGA CORPN B2 25
17 6954 MOTOROL SPEC B2 25
18 17540 NEXUS SOFTWARE B2 25
19 3691 SAHARA INDIA B2 25
20 30485 SAMARTH INTL. B2 25
21 30501 SARVODYA LAB B2 25
22 23033 SOUNDCRAFT I LT B1 25
23 31707 SUN INFOWAYS B2 25
24 26775 VALIANT COMM B2 25
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| Shreyans Industries to issue FCDs on preferential basis |
| The Board of Directors of Shreyans Industries Limited has decided to issue on preferential basis 24000 14% Optionally FCDs of Rs.100/- each to GIC Mutual Fund. This FCD shall be convertible into ten equity shares of Rs.10/- each at par at the option of debenture holders after expiry of 17 months from the date of allotment. |
| Trading in Vakrangee Software to resumed today |
| BSE has informed the members of the exchange that the trading in the equity shares of Vakrangee Softwares Ltd. (Scrip code: 511431) in the Rolling Settlement and scrip code 11431 in 'C' Group odd lot segment will be resumed w.e.f Monday, July 03, 2000. |
| Cranex to consider allotment of 2 million shares on preferential basis |
| At its meeting to be held on July 10, 2000 the Board of Directors of Cranex Ltd will consider the proposal for allotment of further shares on private placement basis to the extent of 2 million equity shares. The further issue of shares will be in terms of the powers conferred by the members of the company at the EGM held on April 14, 2000. |
| Emco FY 2000 net profit down by 50.06%, declares 20% final dividend |
Emco Ltd has posted a decrease of 50.06% in net profit for the year ended March 31, 2000 at Rs 15.99 million as compared to Rs 32.02 million for FY 99. The total income for FY 2000 is at Rs 832.15 million for FY 2000 as compared to Rs 955.07 million in FY 99.
The Board of Directors has recommended a final dividend of 20% on paid up capital for the year ended March 31, 2000.The Company has completed Preferential Placement of 20,00,000 Equity Shares @ Rs. 120/- per share & 9,00,000 Equity Shares @ Rs. 86/- per share. |
| Cybermate Infotek MQ 2000 net at Rs 5.55 million, FY 2000 net at Rs 25.17 million |
Cybermate Infotek Ltd has posted a net profit of Rs 5.55 million for MQ 2000 as compared to Rs 1.05 million for MQ 99. The total income for MQ 2000 is up by 74.40% at Rs 12.24 million as compared to Rs 7.02 million for MQ 99.
The net profit for FY 2000 is at Rs 25.17 million as compared to Rs 5.15 million for FY 99.The total income for FY 2000 is up by 149.11% at Rs 77.68 million as compared to Rs 31.18 million for FY 99.
The Company entered into a strategic alliance with M/s Gujarat Narmada Valley Fertilizers Company Limited (GNFC) Bharuch Gujarat. The Company has received a Letter of Intent (LOI) from GNFC for setting up a Public Key Infrastructure (PKI) facility.
The Company has set up a Web Solutions Division, to provide WAP Solutions and enable Mobile Commerce.
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| Morepen Hotels FY 2000 net profit down by 22.41% |
Morepen Hotels Ltd has posted a net profit of Rs 11.88 million for the financial year ended March 31, 2000 as compared to Rs 15.31 million for FY 99.The total income for FY 2000 is at Rs 38.13 million as compared to Rs 43.43 million for FY 99.
The Board of Directors has recommended dividend @ 10% on the equity share capital of the company for the year ended March 31, 2000. Hyatt Regency Goa a 250 room 5 star beach resort is being implemented as per schedule.
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| Sahara India Media FY 2000 net profit at Rs 16.67 million |
Sahara India Media Communication Ltd (formerly Padmanab Investment Company Ltd) has posted a net profit of Rs 16.67 million for the year ended March 31, 2000 as compared to Rs 0.14 million for FY 99. The total income has increased from Rs 0.29 million in FY 99 to Rs 132.30 million in FY 2000. The equity capital as on March 31, 2000 is at Rs 102 million as compared to Rs 0.2 million as on March 31, 1999.
During the year under review there is a change in the management as well in the activity being carried out by the Company. The Company ceased to be an investment company and has started business in the field of Media Entertainment & Television Software programming.
With a view to conserve resources within the company the Directors have decided not to recommend any dividend for the year.
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| Super Tannery FY 2000 net profit at Rs 24.07 million |
| Super Tannery India Ltd has posted a net profit of Rs 24.07 million for FY 2000 as compared to Rs 24.58 million for FY 99.The net sales for FY 2000 are up by 3.02% at Rs 668.67 million as compared to Rs 649.09 million for FY 99. Other income for FY 2000 is at Rs 4.68 million (FY 99 Rs 5.38 million). |
| Ispat Profiles FY 2000 net loss up by 91.13% |
| Ispat Profiles Ltd has posted a net loss of Rs 452.60 million for the financial year ended March 31, 2000 as compared to a net loss of Rs 236.80 million in FY 99. The net sales for FY 2000 are down by 25.71% at Rs 1580 million as compared to Rs 2126.90 million for FY 99. Other income for FY 2000 is Rs 18.50 million (Rs 23.80 million for FY 99) |
| Kaashyap Radiant signs MOU to acquire business of Softpride Inc, USA |
Kaashyap Radiant Systems Ltd. has entered into a Memorandum of Understanding (MOU) on June 30, 2000 with Softpride Inc USA (a Corporation incorporated in USA and engaged in the business of software consulting, development and training) to acquire its business. The Board of Directors shall take the MOU on record at the Board Meeting of the company to be held on July 6, 2000.
The agenda for the meeting shall also include, inter-alia, the following business
1.To approve the draft notice for convening an EGM of the company to transact the following business
a) Employee Stock Option Scheme
b) Resolutions relating to investment and allotment of shares in connection with the proposed acquisition of Softpride Inc as mentioned above. |
| ABG Heavy Industries FY 2000 net profit at Rs 115.6 million |
| ABG Heavy Industries Ltd has posted a decrease of 2.20 % in net profits for the year ended 31, March 2000 at Rs 115.60 million as compared to Rs 118.20 million in the previous year. The net sales for FY 2000 are at Rs 693.20 million as compared to Rs 690/- million for FY 99. The other income for FY 2000 is at Rs 3.60 million (FY 99 Rs 6.70 million). |
| Ramesh Subrahmanian re-designated as Deputy MD of Hoechst Marion |
The Board of Directors of Hoechst Marion Roussel Ltd has by a special resolution at its meeting held on June 26, 2000 appointed Mr. Ramesh Subrahmanian as an Additional Director of the company wef July1, 2000.
The Board has also re-designated Mr. Ramesh Subrahmanian (presently Executive Director, Finance) as Deputy Managing Director of the company wef July 1,2000. |
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