Board meeting of various companies

• Raj packaging board informed Bombay Stock Exchange that the board meeting is going happen on june 30,2008.In that board of directors meeting they are going to discuss about the Quater results and to take some decision about dividend.
• KPR Mill Ltd informed BSE that the board meeting is going happen on june 27,2008.In that board meeting they are going to discuss about various issues and to take some decision about final dividend.
  

Somi Conveyor Beltings Limited(SBCL)IPO Open

Name of the script:Somi Conveyor Beltings Limited(SBCL)
Equaity shares for cash:6227860
Premium:Rs. 25
Face value:Rs. 10
Issue price:Rs. 35
Issue opens:June24,2008
Issue closes:June27,2008
Listing on:BSE

Niraj cement structurals ltd listing

Niraj cement structurals Ltd listing on thursday, june19th. It will be listed in 'B' group of securities.Actually the face vaue of the Niraj cement structurals is Rs 10.but the issue price is Rs 190.

Kaashyap Technologies - Outcome of Board Meeting

kaashyap Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 06, 2008, has decided the following:
The Board was apprised of the products of Fidelity Financials Ltd., Mauritius, holder ofIntellectual Property Rights in ERP Software Solutions for Hotels, Resorts, Textiles, Trading and Package Tourism Industries.
The Board after detailed discussions on the marketability of the products and also possible penetration into the ERP Software Solutions market, decided to acquire the IPR of the product.
The Valuation Report of the products of Fidelity Financials Ltd., Mauritius, submitted by the Fidelity was placed before the Board. The Board was apprised that the valuation of theIPR of the product has been done at USD 9.5 Million.
The Board further appointed Deloitte Haskins & Sells to carry out a valuation of the IPR products of Fidelity Financials Ltd., Mauritius and arrive at a final consideration price.
The Board further constituted a Management Committee consisting of Mr. A Sivakumaran, Director, Mr. R Dakshinamurthy, Director and Ms. V Vasumathy, Company Secretary to obtain a Valuation Report from Deloitte Haskins & Sells and authorized the committee to decide on the consideration for acquisition of IPR of the Company and to decide on the mode of consideration which may be either through issue of Global Depository Receipts (GDRs) on a back to back basis / cash / equity Shares.

Engineers India Board recommends final dividend

Engineers India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 03, 2008, inter alia, has recommended 70% as final dividend on the paid up share capital. The total dividend for the year 2007-08 works out at 110% of paid up share capital including an interim dividend @ 40%. The above is subject to the approval of shareholders in AGM.

ABB received order worth Rs 295 cr from JSW Energy

Power major ABB in India has won the orders worth Rs 295 cr to provide power solution for JSW Energy for its upcoming 4300 MW thermal power plant in Ratnagiri in the state of Maharashtra(Western India).power solution including electrical balance of plant,400 KV gas insulated switchgear substation and generator transformers.
JSW will feed the power produced through the power plant into the country`s western grid. The JSW Group has a presence in the steel, power cement, aluminium, and software and infrastructure sectors.
The ABB Group of companies operates in around 100 countries and employs more than 110,000 people.ABB is a leader in power and automation technologies that enable utility and industry customer to improve performance while lowering environmental impact.

Sensex status today(June 3) went down 100 pts

The Sensex opened with a negative of 211 points at 15,852 owing to weakness due to global markets.
The index touched a day's low of 15,709 in morning hours, it recovered partially and touched a day's high of 15,985 due to some buying in oil & gas sector(HPCL,BPCL,IOC.Etc..). The BSE Sensex finally ended with a loss of 100 points at 15,962.The NSE Nifty settled with a loss of 24 points at 4,716. The market breadth was negative - out of 2,722 stocks traded, 1,817 declined, 847 advanced and 58 were unchanged today.

Index losers Bharti Airtel tumbled 4.1% to Rs 841. Reliance Infrastructure down 3.9% at Rs 1,125.Satyam declined 3.6% to Rs 500. BHEL and HDFC slipped around 3% each to Rs 1,548 and Rs 2,459, respectively.Jaiprakash Associates dipped 2.6% to Rs 206. Larsen & Toubro lost 2.3% to Rs 2,849.HDFC Bank dropped 1.8% to Rs 1,282. Infosys was down 1.4% at Rs 1,922.NTPC, Tata Steel and Grasim were the other major losers, down 0.7% each at Rs 160, Rs 862 and Rs 2,194, respectively.
Index gainers ACC gained 3.7% to Rs 649. Ranbaxy moved up 3% at Rs 530.DLF and Wipro advanced 2.6% each to Rs 582 and Rs 508, respectively.Reliance was up 2.2% to Rs 2,407. Tata Motors and Cipla added 1.3% each to Rs 570 and Rs 210, respectively.Hindalco and ONGC were up 1.1% each at Rs 184 and Rs 842, respectively.

Alkyl Amines Board meeting to consider dividend

Alkyl Amines Chemicals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 20, 2008, inter alia, to consider the following:
1. Approval of Audited Financial Results for the year ended March 31, 2008.
2. Recommendation or passing over of dividend.

Nahar Industrial Board meeting to consider dividend

Nahar Industrial Enterprises Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 10, 2008, inter alia, to take up the following matters.
1. To consider and approve the Audited Financial Results of the Company for the year / period ended on March 31, 2008.
2. To consider and recommend the dividend, if any, for the financial year ended on March 31, 2008.