likely to cross by wednesday...

Hindustan Sanitary to buy Havells` Rajasthan unit Press Trust of India / New Delhi March 19, 2010, 14:56 IST Somany Group company Hindustan Sanitary ware & Industries (HSIL) today said it is acquiring electrical goods maker Havells India`s bathroom accessories and fittings business for an disclosed amount. The company said it has entered into an agreement with Havells India, whereby it will acquire its whole business undertakings engaged in manufacturing and dealing in bathroom fittings and accessories under the brand Crabtree. "With this acquisition, HSIL will have modern faucet manufacturing facilities, additional distribution network and additional sales volumes," the company said in a statement. Havells` faucet manufacturing unit is situated at Bhiwadi, Rajasthan. It also said the acquisition will help in expanding its building products division and "get competitive advantage in institutional and project segment." The Rs 800-crore company, which sells sanitary ware under `Hindware` brand, is one of the market leaders in the segment, with over 1,200 distributors and 12,000 retailers across the country. In the last two-three years, HSIL had expanded the `Hindware brand` by adding its building products portfolio, which includes PVC cisterns, bath tubs, shower systems and kitchen appliances....

It is most unlikely to cross nifty 5300 level in march series. In april series it may touch 5500 level. May series can lead down to 4900 level again. ...

Hello Varner Just tell me that if I have bought Renuka on 15 Mar 2010 (shown in my DEMAT a/c List on 16 March 2010) then am I eligible for bonus share which is being alloted to those who have their names as on 17 Mar 2010?????? Krrish...

nifty will touch 5400-5450 before 31 of march and sensex aroud 17900-18100...

no ...

will the nifty do not close above 5300 this week....

Cambridge Solutions Ltd has informed BSE that Xchanging Mauritius Ltd, promoter of the Company has sold 91,000 shares at a price of Rs. 72.19 per share and another 65,000 shares at a price of Rs. 72.43 per share in the open market on March 19, 2010. ...

With reference to earlier announcement dated March 19, 2010 regarding Outcome of Board Meeting, Greycells Education Ltd has now submitted to BSE the Revised Outcome of Board Meeting held on March 19, 2010, as follows :

1. Change of Name of the Company from Greycells Entertainment Limited to Greycell Education Limited.

2. Arrangement for use of the "Business India" brand for courses in Banking, Finance, Investment & related areas.

3. Opening of new centre at New Delhi for launching courses in Banking, Finance, Investment & related areas under the brand name "Business India Institute of Finance".

4. Formation of new Company with Greycells as majority shareholder & Ms. Rasika Kulkarni for opening of centre at Thane to launch EMDI courses.

5. Declassification of Mr. Uday Sinh Wala and Ms. Simeron Ghei as promoters of the Companys subject to the approval of shareholders by way of postal ballot.

6. Shifting of Main Object Clause (1) and (2) to Other Object Clause in Memorandum of Association of the Company and subsequent renumbering of Clause (2A), (2B) and (2C) subject to the approval of shareholders by way of postal ballot. ...

Store One Retail India Ltd has informed BSE that members of the Company, by way of Postal Ballot, have passed all resolutions set out in the postal ballot notice dated February 15, 2010, with their requisite majority. ...

Carborundum Universal Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 19, 2010, have decided to make necessary applications to Madras Stock Exchange Ltd (MSE) to delist the Companys Equity Shares. However the Companys shares will continue to be listed on National Stock Exchange of (India) Ltd (NSE) and Bombay Stock Exchange Ltd (BSE). ...

India Securities Ltd has informed BSE that the members of the Company, by way of Postal Ballot, have passed the following resolutions, with requisite majority as under:

1. Resolution for authority to Board of Directors for inter corporate loans & investments in excess of limits prescribed under Section 372A of the Companies Act 1956.

2. Resolution for shifting of registered office of the Company to the State of Tamilnadu as per Section 17 of the Companies Act, 1956. ...

NHPC Ltd has informed BSE that M/s Standard & Poors has revised outlook of NHPC Ltd to stable from Negative following sovereign rating action. ...

Educomp Solutions Limited has informed the Exchange that "Pursuant to the approval of the shareholders, granted through postal ballot dated 29-01-2010, Board of Directors of the company at its meeting held on March 19, 2010 has allotted 52,616 Equity Shares of the face value of Rs.2/- each at a price of Rs.791.79/- per share (including a premium of Rs.789.79/- per share) to Zaptive Internet Services Private Limited. Post allotment Paid up capital of the company has increased from Rs.18,99,24,070/- consisting of 9,49,62,035 equity shares of the face value of Rs.2/- each to Rs.19,00,29,302/- consisting of 9,50,14,651 equity shares of the face value of Rs.2/- each"....

Punj Lloyd Ltd has informed BSE that the Company has secured a letter of award for Engineering, Procurement and Construction of NGI (Mixed Case) Project in UAE from Abu Dhabi Gas Industries Ltd (GASCO) for a value of US$ 40,000,000 (US Dollars Forty Million only). ...

Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger...

Vishal Information Technologies Limited has informed the Exchange that the Board has recommended Final Dividend of 12.50% i.e. Re. 0.125/- per share. The Annual General Meeting (AGM) of the Company is scheduled on September 30, 2009. In the AGM, if the shareholders approve the same, the Company shall be paying it through Dividend Warrants, payable at Par at all branches of Axis Bank and the same be paid on or after October 06, 2009....

EID Parry India Ltd has informed BSE that CRISIL has upgraded the credit rating to "AA/Stable" (pronounced "Double A rating with Stable outlook"), from "AA-/Stable" for the following -

1. Non-Convertible Debentures (Rs 500 million)

2. Bank facilities
(i). Term loans (Rs 3855 million) and
(ii). Cash Credit (Rs 4030 million)

The revised rating indicates high degree of safety with regard to timely payment of Interest and principal on the instrument....

Mascon Global Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 22, 2009, inter alia, to consider and approve the following:

1. To consider and fix the date of Annual General Meeting and approve the Notice of AGM having the following special businesses which were already approved by the Board of Directors in its meeting held on June 30, 2009.

(a) Reappointment of Mr. K Chandra, Executive Chairman & CEO of the Company for a another period of 5 years w.e.f. June 30, 2009 u/s. 269 of the Companies Act, 1956 on the same terms and conditions approved by the shareholders in their AGM held on September 22, 2007.

(b) Appointment of Mr. Hari Chandra as a Director u/s. 257 of the Companies Act, 1956.

(c) Investment limit u/s 372A(1) of the Companies Act, 1956.

(d) Issue of Securities by way of GDR / ADR / FCCB to the extent of US $ 150 Million. (The said resolution has already been approved by the members in the AGM held on August 28, 2008. As a good corporate practice, it is recommended that the entire resolution covering even the public issue of securities of any nature as described in the resolution be approved by the members in their meeting.).

2. To consider and approve the date of Book Closure / Record date for the purpose of Annual General Meeting....