Jindal Drilling & Industries Ltd has issued following Press Release :

“Jindal Drilling & Industries Ltd (JDIL), Drilling arm of INR 3000 Crore D.P. Jindal Group is engaged in the business of Offshore Oil & Gas Drilling in India.

The Board has approved issuance of 1200000 No of New shares of Rs 10/- each to CitiGroup under preferential allotment route at a price of RS 1280/- per share, subject to the approval of Shareholders in the forthcoming EGM. This shall represent 10.47% of the post issued Equity Share Capital of the Company.

The total issue proceeds would be INR 153.60 Crores, which the Company proposes to use for General Corporate Purposes including present and future capex programme and for its ongoing and future business commitments / Plans.”

Stock market has still maintained its opening rally and is still trading higher on the back of heavy buying momentum is seen among the selective scrips.

The Capital Goods, Metal and Realty Stock are in the huge demand today. Even the BSE Mid Cap and BSE Small Cap are also trading firmly.

This led to the overall Stock market breadth to remain in positive as 1935 stocks are advancing while 684 stocks are declining and 45 Stock remained unchanged on BSE.

The BSE Mid cap is also higher by 177.55 points at 8,268.39 and the BSE small Cap advanced by 198.71 points to trade at 10,259.58. At 12.31 pm, BSE Sensex was at 18,839.58 up by 313.26 points whereas Nifty was at 5,622.05 up by 102.70 points. BSE Capital goods index surged 480.58 points to 19,295.76.

The main gainers are Siemens (9.76%), L&T (2.76%), BHEL (2.13%) and ABB (2.08%). BSE Metal index improved 263.82 points to trade at 16,308.94.

The major gainers are Hindalco Industries (2.70%), SAIL (2.43%), Sterlite Industries (2.40%) and Tata Steel (0.24%). BSE Power index advanced by 115.65 points to trade at 4,266.72 as Reliance Energy (6.29%), Power Grid (4.12%), NTPC (3.93%) and Suzlon Energy (1.65%) are trading higher. BSE Oil & Gas index was trading 117.53 points higher at 11,809.60 as ONGC (0.96%), RPL (0.96%) and GAIL (0.94%) are trading in green.

BSE Auto index inclined 84.05 points to trade at 5,263.21. Leading to it are Bajaj Auto (1.86%), Maruti Suzuki (0.94%) and Mahindra & Mahindra (0.72%). BSE IT index up by 44.92 points to trade at 4,004.82 as Infosys (0.10%), Satyam (1.21%), TCS (0.53%) and Wipro (0.23%) are trading lower.

BSE Health Care index up by 10.35 points to trade at 3,820.98. Leading the gain are Fortis Health (4.21%), Divi’’s Lab (3.58%), Ranbaxy (1.01%) and Biocon (1.34%). BSE Banks index decreased by 23.96 points to trade at 10,382.38. The major losers are ICICI Bank (1.14%), HDFC Bank (0.94%) and SBI (0.13%) are trading lower.

Gayatri Starchkem Ltd has informed that the Board of Directors of the Company at its meeting held on October 31, 2007, inter alia, has approved the following:1. Allotted 1,45,68,990 (One Crore Forty Five Lakh Sixty Eight thousand Nine Hundred Ninty only) Equity Shares of Rs 10/- each to M/s. Fursa Mauritius, SPV1, Foreign Venture Capital Investor.2. Approved the change in the name of the Company to Gayatri BioOrganics Ltd subject to the approval of the members of the Company.3. Decided to convene an Extraordinary General Meeting of the Company on December 10, 2007 to seek the approval of the members to change the name of the Company to Gayatri BioOrganics Ltd.4. Approved the draft notice of the Extraordinary General Meeting.

Dollex Industries Ltd has informed that the Board of Directors of the Company at its meeting held on October 31, 2007, inter alia, has transacted the following business:1. Declared Interim Dividend @ 5%.2. The Board also considered the proposal of Amalgamation of Daisy Agrotech Pvt Ltd with the Company and constituted amalgamation committee for further action.3. The Board also appointed Mr. Kumar Gaurav Mittal as an additional Director.4. The Board also unanimously resolved to pass following resolutions by postal ballot :(i)- Increase of Authorised capital from Rs 10,00,00,000/ to Rs 20,00,00,000/-.- Issue of 3,10,000 equity shares and issue of 25,77,500 convertible warrants subject to SEBI Guidelines of preferential allotment.- Sub-division of Shares(ii) Notice of Postal Ballot.(iii) Draft of Postal Ballot Form.(iv) Draft of notice to be published in Newspapers in English & Marathi.(v) The Appointment of Scrutinizer(vi) The Appointment of one of the Director Responsible for Entire Polling process.(vii) The last Date of Receipt of Postal Ballots.