Exim Bank of India has connected a deal with International Finance Corporation (IFC), Washington, a connect of the earth store group, beneath the Global Trade Finance Programme (GTFP) of IFC. This agreement will enable Exim Bank to confirm letters of credit, guarantee and additional trade instrument issue by accepted bank in additional than forty country of Central Asia, middle and Eastern Europe, Latin America and the Caribbean, West Asia and North Africa as also additional region of Asia and Africa. The Exim Bank Chief General Manager, Mr Prabhakar, and the IFC connect Director, Ms Mamta H. Shah, signed the accord on December 14. The $ 1-billion Global Trade Finance Programme of IFC that set in rest to give trade facilitation to under-served customers and markets. Under the programme, IFC issue fractional or full guarantee connected to trade dealings on a per-transaction basis, cover the sum danger of local banks in service in IFC member countries. Exim Bank of India now partners IFC as ”Confirming Bank” under its GTFP.

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.

Dhanalakshmi Bank Ltd has informed BSE that the members at the 80th Annual General Meeting (AGM) of the Bank held on September 26, 2007, inter alia, have accorded the following:

1. Adoption of the Balance Sheet of the Bank as on March 31, 2007 and the Profit & Loss Account for the year ended March 31, 2007 annexed thereto and the Report of the Auditors dated May 14, 2007 with the Directors Report dated June 22, 2007 attached thereto and the appropriation of profits stated therein.

2. Appointment of Mr. Nandini Rangaswamy as a Director of the Company, liable to retire by rotation.

3. Mr. Gyanendra Nath Bajpai appointed as Director in the vacancy caused by the retirement of Mr. V K Sharma and whose period of office shall be liable to determination by retire by rotation.

4. Appointment of M/s. P B Vijayaraghavan & Co., Chartered Accountants, Chennai, as the Statutory Auditors of the Bank up to the conclusion of the next Annual General Meeting of the Bank, on remuneration, terms & conditions.

5. Authority to the Board to appoint, in consultation with the Bank’s Auditors, any qualified person(s) to act as Auditors of any Branch of the Bank, whether existing or which may be opened thereafter, on remuneration, terms & conditions.

Raymond Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 06, 2007, to consider issue and allotment of warrants on Preference basis to the Promoters of the Company.

Hindustan Oil Exploration Company Ltd (HOEC) has informed BSE that the Rights Issue and Allotment Committee of the Board shall be considering the proposal for fixation of the Rights Issue entitlement and the price thereof.

Further the Company has informed that, the said proposal is proposed to be decided by circulation.

Unity Infraprojects Ltd has informed BSE that the Company on January 04, 2007 had informed about Contract awarded to the Joint Venture with BSEL Infrastructure Realty Ltd, for constructing operating and Maintenance of Hotel, on a Build Operate and Transfer basis.

Further the Company has BSE that, the Kamath Hotels India Ltd have been inducted in the Joint Venture for operating of the Hotels and the Company has formed the SPV Company in which the Unity Realty and Developers Ltd. Wholly Owned Subsidiary of the Company, Kamath Hotels (India) Ltd and BSEL Infrastructure Realty Ltd holds shares equally.

The Company further informed that the Wholly Owned Subsidiary of the Company, Unity Realty & Developers Ltd, Kamath Hotels (India) Ltd and BSEL Infrastructure Realty Ltd have agreed to dilute their stakes in the said SPV from 33.33% each to 17% each with 49% stake being offered to Clear Water Capital Partners (Cyprus) Ltd.

The Projects is a fast track project to be completed before beginning of 3rd Commonwealth Youth Games 2008, at Shiv Chhatrapati Sports Complex, Balewadi, Pune.

Wipro Ltd has informed BSE that the members at the 61st Annual General Meeting (AGM) of the Company held on July 18, 2007, inter alia, have also accorded to the following:

1. Adoption of the Directors Report for the year ended March 31, 2007, the audited Balance Sheet as at March 31, 2007 and the Profit & Loss Account duly audited as at March 31, 2007 and the Auditors Report thereon.

2. Re-appointment of Mr. Narayanan Vaghul & Mr. B C Prabhakar as Directors of the Company, liable to retire by rotation.

3. Re-appointment of M/s. BSR & Co. as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.

4. Re-appointment of Mr. Azim H Premji as Chairman and Managing Director (designated as “Chairman”) of the Company with effect from July 31, 2007 until July 30, 2009, on remuneration, terms & conditions.

5. Appointment of Mr. Rishad Premji, son of Mr. Azim Premji, Chairman of the Company, to hold office or place of profit as Business Manager - Mortgage Practice (or any other designation and roles which the Board of Directors of the Company may decide from time to time). The appointment shall be for a period of three years and shall be effective from July 20, 2007, on terms & conditions.

6. Accorded to carry out amendments to Wipro Employee Stock Option Plan 1999, Wipro Employees Stock Option Plan 2000, ADS Stock Option Plan 2000, Wipro Restricted Stock Unit Plan 2004, ADS Restricted Stock Unit Plan, 2004 and Wipro Restricted Stock Unit Plan, 2003 with effect from April 01, 2007.

7. Authority to the Board of Directors to issue, offer and allot to any one or more or all of the permanent employees of the Company (including executive and non-executive Directors but excluding the Promoter Directors and directors holding directly or indirectly more than 10% of the outstanding equity shares of the Company) Restricted Stock Units (RSUs) exercisable into equity shares at the option of the Company and / or holder of the securities linked to equity shares upto 10,000,000 (Ten million) (or such other adjusted figure for any bonus, stock splits or consolidations or other reorganization of the capital structure of the Company as may be applicable from time to time) Restricted Stock Units exercisable into equity shares of nominal value Rs 2/- each under a Wipro Employee Restricted Stock Unit Plan 2007 created by the Company for the benefit of the employees, at an exercise price of not less than the face value of the equity shares on the terms and conditions, subject to necessary provisions & approvals.

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.

Corporate Report - GMR Infrastructure Ltd

GMR Infrastructure Ltd has informed BSE that Delhi International Airport Pvt Ltd (DIAL), a subsidiary of the Company has been awarded the ISO 9001:2000 quality certificate for Indira Gandhi International (IGI) Airport. DIAL has received this certificate from UK based organization Lloyds Register Quality Assurance.

In this regard the following Press Release are as follows…

“Delhi International Airport Ltd (DIAL) has been awarded the prestigious ISO 9001:2000 quality certificate for Indira Gandhi International Airport. DIAL received the prestigious ISO 9001:2000 certificate from UK based organisation Lloyds Register Quality Assurance. As per the Operations Management, Development Agreement (OMDA), DIAL was to achieve the certification by May 2008. Instead, DIAL has however achieved this milestone more than 7 months ahead of schedule.

Since taking over the charge of IGI Airport in May 2006, DIAL has been striving to improve the airport experience of its customers. Delivering quality and the highest level of customer service is high on the agenda of DIAL. It is working closely with airlines, government agencies, ground handlers and concessionaires to improve the service quality at the airport as the airport helps build the first impression of the city and the country.

Earlier this year, Delhi International Airport Ltd (DIAL) achieved the ISO 9001:2000 quality certificate for the International Cargo Terminal of Indira Gandhi International Airport as well. The certificate was in recognition of the efforts put in by DIAL to improve customer service, quality control and efficiency at the cargo Terminal. DIAL had achieved this landmark within a short span of seven months from taking charge of IGI Airport.

DIAL has also setup a dedicated Quality & Service Delivery Department which is the first of its kind in the country. This department is working closely with the Singapore based Service Quality Centre (SQC), a consultancy specialising in helping organisations to develop strong and sustainable customer service cultures. SQC is active internationally and has been working with service sector industries such as banks, hotels, insurance Companies for many years.

For DIAL, the ISO certification represents one step towards organisational excellence. The focus ranges from people management, efficient operational processes to continuous improvement in quality of service to the customer. In order to maintain and improve its Quality Management System, DIAL has trained more than 20 internal quality auditors with 20 more expected to join their ranks within the next few weeks. In order to ensure consistency across the airport, DIAL is also supporting CISF’s airport team to prepare for ISO 9001 certification. It is also encouraging other government agencies at the airport to improve the service quality.

DIAL is currently implementing the Master Plan for the development of a new airport complex. Work on the integrated passenger terminal and runway commenced in Feb 2007 and the new terminal would be inaugurated in 2010 before the Commonwealth Games. Prior to that in 2008, the brand new Code F compliant runway and domestic terminal will be ready to cater to the growing traffic. IGI Airport is one of the largest airports in India with over 20 Million passengers per year, and will become one of the largest airports in the region by 2010, with slated capacity of 37 Million passengers per annum (mppa). The Master Plan envisages an ultimate design capacity of 100 million passengers per annum by 2026.