Today Indian stock market has faced down position of the morning time. Indian stock market has closed on the down position. Their Mumbai Stock market (BSE) sensex has closed 480 points down and National stock market (NSE) of Nifty is below 123 points.  Mumbai Stock market (BSE) Medium and small share index is fall of around two per cent.  International Stock Market - U.S. market stock has also closed on the worries position, their stock position is not good. It also is facing down position. Their U.S. market share Dao Jones at 348 and NASDAQ closed down 92 points.

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United Phosphorus Ltd has informed that the Board of Directors of the Company at its meeting held on December 20, 2007, the Board has approved the Scheme of Arrangement fortransfer of Haldia Division of SWAL Corporation Ltd (100% subsidiary of the Company) with the Company……………………….

The scheme shall be subject to necessary approvals and sanctions of the Honourable High Court of Judicature at Mumbai and Honourable High Court of Gujarat at Ahmedabad………………….

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Great Eastern Shipping Company Ltd has informed BSE that Greatship Global Offshore Services Pte Ltd, Singapore, wholly owned by Greatship (India) Limited has signed a contract for 2 new building Multi Purpose Platform Supply & Support Vessels with Mazagon Dock Ltd, Mumbai. These vessels are expected to join the Company’s fleet in the second half of FY 2010.

Greatship (India) Ltd is a wholly owned subsidiary of the Company.

In this regard the Company has issued the following Press Release:

“Greatship Global Offshore Services Pte Ltd, Singapore has signed a contract for 2 new building Multi Purpose Platform Supply & Support Vessels with Mazagon Dock Ltd, Mumbai. These vessels are expected to join the Company’s fleet in H2 FY 2010.

The Multi Purpose Platform Supply & Support Vessels are of 4600+ dwt, fitted with DP 2 and have diesel electric propulsion. The vessels, which are also prepared for helideck and offshore crane, are larger and technologically more advanced than any PSV currently operational in the Indian waters. Greatship Global Offshore Services Pte Ltd is wholly owned by Greatship (India) Ltd (GIL), which in turn is a wholly owned subsidiary of the Company.

With this order, GIL and its subsidiaries have a new building order book of 16 new building Offshore Supply Vessels (2 mid sized PSV’s, 8 AHTSV’s, 6 MPSSV’s) and 1 new building 350 feet Jack up Rig.”

Berger Paints India Ltd has reported an increase of 9.5 per cent to Rs 350 crore in net sales during the three months ended September 30, 2007 as against Rs 320 crore in the same period of last year. And its profit before tax went up by 15.5 per cent to Rs 32 crore (Rs 27.7 crore) and the net profit by 6.4 per cent to Rs 25 crore (Rs 23.5 crore)