Dhanalakshmi Bank to raise funds

The board of Dhanalakshmi Bank in its meeting on 11 May 2010 has decided to raise equity share capital either by way of Qualified Institutional Placement (QIP) for an amount not exceeding 2.10 crore equity shares of Rs. 10 each.

Source :www.biginfotech.in

TCS ranked NO 1 service provider in the Nordic Region

Tata Consultancy Services (TCS) has been ranked as the number one player in the Nordic region on major key performance indicators surveyed in EquaTerra`s Nordics Service Provider Performance Study 2010.

Source :www.biginfotech.in

Bajaj Steel Industries allots warrants

The board of Bajaj Steel Industries in its meeting on 11 May 2010 has approved the allotment of 3 lakh share warrants convertible into equity shares of Rs. 10 each on preferential basis to Vidarbha Tradelinks and Nissan Merchandise.

Source :www.biginfotech.in

IKF Technologies signs MOU with TCIL

The board of IKF Technologies in its meeting on 10 May 2010 has considered the MOU signed with TCIL for implementation of programmes relating to e-Learning & e-Swasthya on PAN India basis.

The company has entered into an agreement with International Synergy Management, SRM to establish Bio Diesel units at different location in India.

Source :www.biginfotech.in

ICICI Bank allots equity shares

ICICI Bank on 10 May 2010 has allotted 80,570 equity shares of face value of Rs. 10 each under Employees Stock Option Scheme, 2000.

Source :www.biginfotech.in

JB Chemicals & Pharmaceuticals allots equity shares

The committee of JB Chemicals & Pharmaceuticals on 10 May 2010 has allotted 16,425 equity shares of face value of Rs. 2 each of the company to various employees against exercise of options.

Source :www.biginfotech.in

Broadcast Initiatives to allot equity shares

The board meeting of Broadcast Initiatives will be held on 13 May 2010 to consider allotment of 60 lakh equity shares on preferential basis to HDIL Infra Projects.

Source :www.biginfotech.in

Jaihind Projects secures orders

Jaihind Projects has secured an order from Bangalore Water Supply and Sewarage Board worth Rs. 51.09 crore for providing sewerage system to erstwhile R.R. Nagar CMC Area (Zone 5B) under KMRP- Slice GBS-5B.

The company has secured an order from GAIL (India) worth Rs. 7.91 crore for laying gas pipelines for an area of 10x17 kms in Firozabad.

Further, the company has secured an order from Gujarat State Petronet worth Rs.2.29 crore for laying of natural gas pipelines for an area of 8x52x2.5 km as part of Morbi Mundra Area.

Source :www.biginfotech.in

Glenmark & Merck settle patent litigation covering Zetia

Merck & Co., Inc and Glenmark Pharmaceuticals Inc., USA and Glenmark Pharmaceuticals have reached an agreement to settle their patent litigation involving Glenmark`s challenge to Merck`s patent covering ZETIA (ezetimibe). Specifically, Glenmark challenged Merck`s basic compound patent, RE 37,721 (the `721 patent`) on numerous grounds.

Under the agreement, Glenmark will be able to launch their product on 12 December 2016 or earlier under certain circumstances, ahead of the 25 April 2017 expiration of Merck`s patent exclusivity for ZETIA. This settlement effectively ends the lawsuit involving a challenge by Glenmark which sought to launch a generic version of ZETIA before the April 2017 expiration of the patent exclusivity covering ZETIA.

Under the agreement, Glenmark will be able to launch their product on 12 December 2016 or earlier under certain circumstances, ahead of the 25 April 2017 expiration of Merck`s patent exclusivity for ZETIA. This settlement effectively ends the lawsuit involving a challenge by Glenmark which sought to launch a generic version of ZETIA before the April 2017 expiration of the patent exclusivity covering ZETIA.

Source :www.biginfotech.in

Sayaji Hotels allots equity shares

The board of Sayaji Hotels in its meeting on 10 May 2010 has approved the allotment of 46,68,000 equity shares to respective bond holders against 75, 0.5% coupon secured FCCBs at US$ 100,000.

Source :www.biginfotech.in

Trigyn Technologies allots equity shares

The board of Trigyn Technologies in its meeting on 07 May 2010 has allotted 20,750 equity shares to the employees of the company under ESOP 2000 scheme.

Consequent to the above allotment, the paid up share capital of the company has increased from Rs. 26.50 crore to Rs. 26.52 crore.

Source :www.biginfotech.in

IVRCL Infrastructures & Projects bags orders

IVRCL Infrastructures & Projects has bagged the orders worth Rs. 822.81 crore. The company has secured order for construction of automotive test tracks at NATRAX-Pithampur and GARC- Chennai from National Automotive Testing And R&D Infrastructure Project (NATRIP), New Delhi worth Rs 525.97 crore.



The company has secured order for Ranchi water supply project under JNNURM on turnkey basis from drinking water and sanitation department, Government of Jharkhand worth Rs 234.71 crore.

Further, the company has secured order for construction of quarters, bungalows, non-executive hostel and common buildings for Paradip Refinery Township from Indian Oil Corporation Ltd, New Delhi worth Rs 62.13 crore.

Source :www.biginfotech.in

Gujarat NRE Coke allots equity shares

The committee of Gujarat NRE Coke in its meeting on 10 May 2010 has issued and allotted 4,98,19,421 `B` equity shares of Rs. 10 each, pursuant to bonus issue in the ratio of 1 `B` equity share of Rs. 10 each for every 10 equity shares held by the shareholders.

Consequently, the paid-up capital of the company has increased from Rs. 498.19 crore to Rs. 548.01 crore.

Source :www.biginfotech.in

Walchand Peoplefirst allots equity shares

The board of Walchand Peoplefirst in its meeting on 10 May 2010 has approved the allotment of 5499 equity shares to Bennett Coleman and Company, pursuant to scheme of amalgamation of Walchand TalentFirst with the company.

Further, the board has approved the appointment Rejeev Dubey and Vijay Gupehup as directors of the company, pursuant to the amalgamation of Walchand TalentFirst with the company.

Source :www.biginfotech.in

Era Infra Engineering secures contract from NHAI

Era Infra Engineering (EIEL) in association with OJSC-SIBMOST has bagged the prestigious order from National Highways Authority of India (NHAI) for an estimated cost of Rs. 1723 crore for 4-Laning of Bareilly-Sitapur Section of NH-24 from KM 262.000 to 413.200 in the State of Uttar Pradesh under NHDP Phase III on design, build, finance, operate and transfer (DBFOT) toll basis.


Source :www.biginfotech.in

IVRCL Assets & Holdings to increase authorised share capital

The members of IVRCL Assets & Holdings have accorded to increase the authorised share capital of the company from Rs. 160.80 crore to Rs. 270 crore.The members have accorded to issue bonus shares in the ratio of one equity share for every two shares held.Further, the board has accorded to increase the borrowing powers of the company from Rs.1000 crore to Rs. 2500 crore.

Source :www.biginfotech.in