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.

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.

Indian rupee touched new peak of 9-1/2 years high on Friday as dollar buying by state run banks and weak Asian markets. Record gain of Indian stocks market is also one reason behind rupee boost.

Some traders are expecting that Central Bank can buy dollars to test rupee’s growth. The rupee was closed at 39.30 per dollar on Thursday meanwhile the changeable rupee was at 39.35/36 in early trading on Friday. The rupee touched peak of 39.27 on Thursday it is strongest position of rupee since March 1998.

The rupee along with Bombay Stock Exchange (BSE) Sensex made a record high for the 15^th times out of 16 sessions. Foreigners have bought 3.2 billion dollars this month while they have been bought total 16.2 billion dollar of shares yet now. Foreign funds have bought around 200 million dollars of shares in the National Stock Exchange (NSE) on Thursday.

The Central Bank has bought 38.1 billion dollars since January to July of 2007,  according to the traders Central Bank has increased purchases of dollars in the last few weeks to hold the rupee.      

The State Bank of India (SBI) is awaiting extra capital from the Finance Ministry to business growth, as well as it is planning to lift up money by public offer of shares.

SBI chairman O P Bhatt said “We are discussing with Finance Ministry on this matter and awaiting permission of them. Wealth would be increase within three months but just now we are waiting clearance.

The SBI expects to increase about 10,000 crore either rights issue or by public offer. If bank brings out Public Offer then

Government’s share would be less but in case of rights issue Government’s share would be unaffected.

O P Bhatt was participating in the meeting called by Finance Minister P Chidambaram to discuss auto component, paper industries and credit needs of auto.

“Credit growth of SBI was lower till September end than aim of 23 to 24 percent but we are expected to get up to 25% credit growth this financial year. he added.

He also said, if the credit growth remained less than target rate capital will be increase from the market.

Buy at current market price Rs.352 for five month target of Rs.4oo.They are reported in excellent result in last quarter ended.Today this company is best position so I am say stock and stock market price will be increased.

BSE - Shiv Vani Oil & Gas Exploration Services Ltd has informed BSE that the Board of Directors of this Company and meeting held on September 21, 2007, inter alia

Buy at current market price Rs.239 for four-month target of Rs.300. They are reported in excellent result in last quarter ended. Today this company is best position so I am say stock and stock market price will be increased.

BSE - LIC Housing Finance Ltd have reported in  the following unedited results  in last quarter ended June 30, 2007: They are reported have a best position  profit after tax of Rs 467.00 million in last  quarter ended June 30, 2007 as compared Rs 374.60 million for quarter ended June 30, 2006. Total Income has increased from Rs 3406.60 million for the quarter ended June 30, 2006 to Rs 4635.30 million for the quarter ended June 30, 2007.

Bajaj Auto Finance Ltd at reported current market target Rs.378 for four month target Rs.400.They are reported stock price after 52 week by Rs.150 increases.Avowal and payment are divided Rs.3 per share for financial year ended March 31,2007 to compared Rs. 15130.30 millions for last quarter ended June 30,2007.

The resulting equity share price 12,47,940 they are paid of company. The share price of increased Rs. 36,59,60,760 divided into 36596076 fully paid shares of Rs.10 each