Archive for January, 2008

Stock Market : Integrated Logistics Ltd

Integrated Logistics Ltd has knowledgeable that Board of Directors for this Company at its meeting held on January 30, 2008, inter alia, has transact the following industry :

 

1. The Remuneration group of the Board of  Directors which comprise of the Three Directors Such as Mr. P S G Nair, Mr. Farrokh S Wadia and Dr. Muffazal Lakdawala has been re-designated as payment and recompense group and Mr. Sandeep P Parikh, a Director of the Company, has been chosen as one of the member of the payment and the recompense Committee. The Remuneration and Compensation Committee has been entrusted by Board of Directors with in commission of formulating a appropriate Employees Stock Option Scheme  for the Employees, Officers and Directors of the Company, within structure of Securities and swap Board of India Guidelines, 1999.

 

For formulating an ESOS the payment and recompense Committee will have power to seek relevant in order from any employees / officers of the Company in this regard, to obtain outside legal or professional give advice, to secure audience of outsiders with relevant expertise, if careful necessary, to appoint and duly pay consultant / Advisors etc and to do all other acts and things as are relevant for formulation of an effectual ESOS.

 

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Posted on 30th January 2008
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Stock Market News : Chhattisgarh Government

 The Chhattisgarh government has reported in the contract award to China National equipment and tools Import and Export corporation (CMEC) to create 600MW thermal power place in Korba region. Bharat Heavy Electricals Ltd (BHEL) lost the bid to the Chinese corporation, which won the agreement by quoting the lowly rate of Rs 3.61 crore.

The choice to cancel the Letter of Intent (LoI) given to the CMEC was in use after a far above the ground level meeting, Chairman of Chhattisgarh State Electricity Board (CSEB) Rajib Ranjan said. CMEC could be blacklisted for the holdup and negation to take up the development. CSEB denied to consider CMEC’’s suggestion and invoke the bank promise of Rs 35 crore deposit as bid money. Instead of calling a clean tender, the direction decisive to award the following lowly bidder of the mission, BHEL. BHEL has earlier bag the procurement and creation (EPC) indenture for establish two units of 250MW every at Korba (East) thermal power project (TPP).
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Posted on 27th January 2008
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Stock Market: Satyam Computer Services Ltd

Satyam Computer Services Ltd on Jan 21reported an augment of 28.58 per cent in its net income at Rs 433.63 crore for third quarter ended December 31, 2007, next to Rs 337.23 in the matching quarter of 2006.Total earnings of the collection rose 35.58 per cent at Rs 2266.05 crore for the quarter under appraisal, compare to Rs 1671.29 crore in the same period last year, Satyam said in a filing to the Bombay Stock Exchange.

The company has report 35.81 per cent rise in profits at Rs 2,179.27 crore from Rs 1,604.60 during the last third quarter ended, 2006.Shares of the company were trade at Rs 361, down 3.11 per cent on the BSE in daybreak trade.
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Posted on 21st January 2008
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Stock Market Analysis

The Stock market nowadays in opens with a serious gap downward on the back of sharp negative cues as of the global markets. The serious selling emerges across the board mostly led by the vanguard line stock. The real estate, Oil & Gas and Capital Goods stocks in the hardest hit in the breach trade.
The in general marketplace width is unenthusiastic as 661 stock are advance whereas 1,634 stock are on the way out on BSE.
At, the BSE Sensex was down by 224.05 points at 19,476.77 and the Nifty was down by 67.65 points to 5,845.55.
The BSE Mid Cap decreased by 86.88 points to 9,253.13 and the BSE Small Cap slipped by 148.76 points to 12,591.53.
Ranbaxy Laboratories Ltd. reported the top gainer from the BSE Sensex pack. It was up by (1.78%) at Rs.374.45 while HDFC Bank the top loser declined by (3.01%) at Rs.1,597.50.

BSE Realty index dropped by 281.87 points to trade at 12,481.32. The top losers are Indiabull Real declined by (2.69%) to Rs.679, Unitech decreased by (2.19%) at Rs.479.45, Omaxe fell by (2.30%) to Rs.442 and DLF trading with a loss of (2.28%) at Rs.1,061.
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Posted on 17th January 2008
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