Ikab Securities & Investment Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 03, 2007, inter alia, to transact the following business:
1. For borrowing from time to time all such sum of money as they may deem requisite for the purpose of the business of the Company notwithstanding that moneys to be borrowed together with moneys already borrowed by the Company (apart from temporary loans obtained from the company’s bankers in the ordinary course of business) will exceed the aggregate of the paid up capital of the Company and free reserves, that is to say, reserves not set apart for any specific purpose, provided that the total amount upto which moneys may be borrowed by the Board of Directors shall not, at any point of time exceed the sum of Rs 500.00 Crores( Rupees Five Hundred Crores Only), exclusive of interest.
2. To mortgage and / or charge and / or hypothecate, on such terms & conditions and at such time or times, and in such form or manners, as it may think fit, the whole or substantially the whole of one or more of the undertakings of the Company including the present and / or further properties whether movable or immovable, comprised in any existing undertaking or undertakings of the Company, as the case may be for the purpose of securing financial assistance not exceeding Rs 500 crores (Rupees Five Hundred Crores) at any point of time by the way of Term Loans / Asset Credit Scheme / Equipment Credit Scheme / Leasing Credit Facilities from the Financial Institutions and / or Bankers of the Company together with interest thereon, commitment charges, liquidated damages, cost, charges, expenses and other moneys payable by the Company to the respective Financial Institutions and / or bankers in terms of their respective Loan Agreements / Deeds of Agreements / Hypothecation Agreement / Letters of Sanction / Memorandum of terms & conditions entered into or to be entered by the Company in respect of the said financial assistance, such security to rank pari passu with or second or subservient to the mortgages and / or charges and / or hypothecation already created or to be created in future by the Company or in such other manner as may be agreed to between the concerned parties and as may thought expedient by the Board of Directors, subject to necessary provisions & approvals.
Posted on 29th November 2007
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Tata Motors Ltd has informed BSE that August 12, 2005, has been fixed as Record Date for the purpose of exchange of shares of Tata Finance Ltd for shares of Tata Motors Ltd i.e. Every Equity Shareholder of the Company will be allotted 8 ordinary shares of Rs 10/- of Tata Motors Ltd in exchange for every 100 Equity Shares of Rs 10 each of the Company.
Today this company is reported batter excellent result in last quarter ended and current Share market price Rs.34 for three month target Rs.50.
Posted on 29th November 2007
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Uma Petroproducts India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 21, 2007, has considered and approved the following:
1. Increase in Authorised Capital from Rs 6,00,00,000/- (Rupees Six Crores) to Rs 10,00,00,000/- (Rupees Ten Crores).
1. Split up the shares of Rs 10/- (Rupees Ten Only) each into shares of Rs 1/- (Rupees One Only) each.
3. Issue of Preference Shares on preferential basis to raise further capital.
4. To obtain approval of Shareholders for the above matters by way of Postal Ballot.
They are reported in batter excellent result in last quarter ended.So I am Say Stock And Stock Market price will be increased.The current Stock Market price is Rs.24 for three month target of Rs.50.
Posted on 28th November 2007
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Hindustan Petroleum Corporation Ltd (HPCL) has announced the following Unaudited results for the quarter ended September 30, 2007:
The Company has posted a net Stock profit of Rs 8530.30 million for the quarter ended September 30, 2007 as compared to Rs 12219.80 million for the quarter ended September 30, 2006. Total Income has increased from Rs 245060.00 million for the quarter ended September 30, 2006 to Rs 245152.00 million for the quarter ended September 30, 2007.
They are reported in batter excellent result in last quarter ended.So I am Say Stock And Stock Market price will be increased.The current Stock Market price is Rs.293 for three month target of Rs.300.
Posted on 27th November 2007
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Dabur India Ltd has announced the following Audited Results for the quarter ended September 30, 2007:
The Company has posted a net Stock profit of Rs 858.10 million for the quarter ended September 30, 2007 as compared to Rs 688.10 million for the quarter ended September 30, 2006. Total Income has increased from Rs 4307.60 million for the quarter ended September 30, 2006 to Rs 4805.70 million for the quarter ended September 30, 2007.
The Consolidated Results are as follows:
The Group has posted a net Stock profit (after minority interest) of Rs 965.90 million for the quarter ended September 30, 2007 as compared to Rs 786.50 million for the quarter ended September 30, 2006. Total Income has increased from Rs 5605.40 million for the quarter ended September 30, 2006 to Rs 6333.90 million for the quarter ended September 30, 2007.
They are reported in brilliant Stock Result in last quarter ended. Buy at current market price Rs.92 for three month target of Rs.100.Stock market position is very well so I am say Stock and Stock market price will be increased.
Posted on 25th November 2007
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Mumbai: The Life Insurance Corporation of India has set up a separate company called LIC Pension Fund Ltd to manage pension funds. This is the first company incorporated in India to manage pension funds under the New Pension System (NPS). The corporation had been selected by the Pension Fund Regulatory and Development Authority (PFRDA) for managing pension funds of Central Government employees, who joined services on or after January 1, 2004. The PFRDA had also chosen State Bank of India and UTI Asset Management Company to be the sponsors of pension funds under NPS.
Posted on 23rd November 2007
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Stock Market : Hindustan Dorr
Coimbatore: Hindustan Dorr Oliver has secured an order for design, supply, engineering and construction of an Integrated Effluent Treatment Plant from Hindustan Petroleum Corporation Ltd for their refinery at Mumbai. The order value is close to Rs 11.15 crore and will consist of adoption of latest technologies in environmental engineering including sequential bio-reactor and membrane bio-reactor.
Posted on 23rd November 2007
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Mumbai: Reliance Life Insurance will get capital infusion of around Rs 1,500 crore until 2010. The company’’s current capital base stands at Rs 900 crore. The capital investment of Rs 1,500 crore from the company’’s parent, Reliance Capital, would meet its growth needs in the next three years. He said the company had so far raked in Rs 930 crore in new business premium, against Rs 930 crore in the whole of last fiscal. In the first six months of the fiscal, the company raked in Rs 650 crore in new business premium, a growth of 165 per cent against Rs 245 crore in the year-ago period.
The company’’s agency force of 1.4 lakh agents will also be expanded to two lakh in the next six months. The company is currently present in 500 towns and by next year, it expects to increase its presence to 1,000 towns. Around 90 per cent of the company’’s business comes from unit-linked insurance plans. The company is eyeing at expanding its product suite and plans to soon file a health insurance product with the Insurance Regulatory and Development Authority. Reliance Life Insurance on Nov 21, unveled a new product called Reliance Child Secure Plan.
Posted on 22nd November 2007
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Omaxe Ltd has announced the following Unaudited results for the quarter ended September 30, 2007:
The Company has posted a Stock profit after tax of Rs 1167.27 million for the quarter ended September 30, 2007. Total Income is Rs 4546.72 million for the quarter ended September 30, 2007.
The Consolidated results are as follows:
The Group has posted a profit after tax of Rs 1603.52 million for the quarter ended September 30, 2007. Total Income is Rs 7121.14 million for the quarter ended September 30, 2007.
Buy at current Stock Market price is Rs.411 for three month target of Rs.500.They are reported in batter excellent Stock Result in last target result
Posted on 21st November 2007
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Escorts Ltd has informed BSE that on March 31, 2006, 36,11,610 Share warrants were issued to Har Parsad & Company Pvt Ltd, a promoter’s group Company. The said warrants were convertible into Equity Shares in the proportion of one Equity share against each warrant.
Further the Company has informed that, the Allotment Committee of Directors has now converted the said warrants into fully paid Equity Shares of Rs 10/- each and consequently the Equity Share Capital of the Company has increased to Rs 83,69,36,300/-. Stock Market result in this company is Rs.158 for three month target of Rs.200.They are reported in batter Stock market result in last quarter endd.
Posted on 19th November 2007
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