11:50 am: Shiva Cement has reported that shut down of the clinkerisation plant is taken from Aug 18, 2008 for 45 days for completing the de-bottlenecking capital expenditure to improve production efficiency of the Kiln and to upgrade coal mill capacity. However, part production of cement shall continue.
11:45 am: Maharashtra Seamless board meeting will be held on Aug 28, 2008, to consider the approval of annual accounts for the year ended March 31, 2008 and declaration of dividend.
11:40 am: IVRCL Infrastructures & Projects has bagged Pranahitha-Chevella Lift Irrigation Project - Package No.9 work in Karimnagar District, involving investigation, designs and execution of lift irrigation scheme for drawal and lifting of 6 TMC of water in 120 days from Mid Manair Reservoir to Upper Manair Reservoir in Karimnagar District by water conveyor system on EPC Turnkey Basis at Rs 714.96 crore, by Irrigation and CAD Department, Andhra Pradesh government.
11:35 am: Ballarpur Industries board will meet on Aug 28, 2008, for consideration and approval of the audited annual accounts for the financial year ended on June 30, 2008 and recommendation of dividend on equity shares, if any.
11:30 am: Balaji Telefilms’ board has approved with an execution of an agreement with Star Group, Asian Broadcasting FZ-LLC, whereby the parties have agreed to terminate in the manner specified in the agreement, the various agreements entered into between, the parties inter-se in Aug 2004 in relation to the acquisition by Asian Broadcasting FZ-LLC of a total, of 25.99 per cent of the share capital in the company. The agreements entered into between the Company and Star, in April 2007; relating to the regional languages joint venture will also be terminated.
Pursuant to the agreement, the promoters are entitled to purchase, on their own account and/or though third party nominated by them, the entire shareholding held by Asian Broadcasting FZ-LLC in the company for an average price of Rs 190 per share., within a period not exceeding 240 days. If the purchase does, not take place within the prescribed period, Asian Broadcasting FZ-LLC is entitled to sell its shares in the company to any person other than a competitor of the company.
11:20 am: Helios & Matheson Information Technology shares were down 1.30 per cent to Rs 57.05 on BSE. The company has recommended dividend at 15 per cent (tax free).
11:15 am: Exdon Trading Company has considered for a bonus issue at a proportion of two equity shares for every one equity share held by the shareholders. The company has decided to increase of the authorized share capital in the next annual general meeting.
11:10 am: Corporation Bank shares were up 0.49 per cent to Rs 279 on BSE. The bank has launched a new term deposit under New CorpGain scheme for a fixed period of 330 days with an interest rate of 10 per cent per annum (senior citizens 10.50% p.a.). This interest rate is applicable for a minimum deposit amount of Rs 25,000 and less than Rs 15 lac only. The offer is for a limited period with effect from August 19, 2008.
11:05 am: AI Champdany Industries has reported that September 18, 2008 has been fixed as the record date for the purpose of subdivision of equity shares of the Company.
11:00 am: Lumax Auto Technologies shares were down 4.24 per cent to Rs 39.50 on BSE. The company has considered and adopted the audited accounts for the year ended March 31, 2008 and declared a dividend at Rs 1.50 per equity share. It has also approved the final utilisation of IPO proceeds and its project status.
10:55 am: ITC has reported that the company has recommended by ITC Infotech India (subsidiary of ITC), vide their letter dated Aug 18, 2008, that ITC Infotech (US), Inc, (a subsidiary of ITC Infotech India) has acquired the entire membership interest of Pyxis Solutions, LLC, a New York based liability company. Thus Pyxis has became a subsidiary of ITC Infotech (US).
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