The market today opens with a bang backed by the strong global cues. The BSE Sensex open with a huge gap up of nearly 400 points. The strong buying witnessed across the board in the early trade mainly led by the Bank, Realty, IT and Consumer Durables stocks. The broader market is trading in tune with the market and is trading higher.

The overall market breadth is positive as 1,703 stocks are advancing whereas 175 stocks are declining on BSE.

At 10.30AM, the BSE Sensex was up by 488.37 points at 16,114.99 and the Nifty was up by 127.80 points to 4,867.35.

The BSE Mid Cap increased by 157.36 points to 6,552.46 and the BSE Small Cap advanced by 182.41 points to 8,044.17.

ICICI Bank reported the top gainer from the BSE Sensex pack. It is trading with a gain of 7.12% at Rs.812 followed by HDFC advanced by 6.16% to Rs.2,505.30.

BSE Bank index surged by 341.77 points to trade at 7,985.32. The top gainers are ICICI Bank inclined by (7.12%) to Rs.812, SBI increased by (4.44%) at Rs.1,695 followed by HDFC Bank and PNB up by (4.20%) and (3.21%) to Rs.1,365 and Rs.515.

BSE Realty index improved by 278.59 points to trade at 7,745.07. The major gainers are HDIL, India Bull Real, Sobha Developers and Unitech grew by (4.50%), (4.29%), (4.57%) and (3.51%) to Rs.682.25, Rs.506, Rs.627 and Rs.284.75 respectively.

DLF is trading higher by (4.15%) at Rs.653. The company is planning to tie up with the largest retail and real estate company of Thailand — The Central Group. DLF and Central Retail are learnt to be working on all possible combinations to roll out their retail operations in India.

Infrastructure Development Finance Company Ltd (IDFC) has informed that on March 05, 2008, pursuant to IDFC Employee Stock Option Scheme 2007, the Company had granted 2,030,000 options to its employees to subscribe 2,030,000 equity shares at a price of Rs 146.06 per equity shares. The vesting of options is spread over a period of 3 years at the ratio detailed below:

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Date of VestingEnd of the 1stEnd of the 2ndEnd of the 3rdYearYearYear

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Options (%)303040

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[Via]

The market sheds most of its initial gains on the back profit booking across the counters. Among the Sensex pack,
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The Bankex index is trading higher by 57.39 points at 10,821.61…………………. Pushing it are Canara bank trading up by (3.91%) at Rs299.95 along with Cent BOP by (2.73%) at Rs58.25, ICICI bank by (1.96%) at Rs1163, Federal bank by (1.03%) at Rs323, Allahabad bank by (0.61%) at Rs115.10 and BOI by (0.27%) at Rs352.85…………………

The realty index is trading up by 58.40 points at 11,712.98………………….Leading the rally are Ansal Infra trading higher by (2.36%)> at Rs384 followed by Mahindra Life by (1.53%) at Rs772, DLF by (1.47%) at Rs962.70, Unitech by (1.38%) at Rs461.85, HDIL by (1.08%) at Rs964 and Parsvnath by (0.46%) at Rs385.10……………………………

In the telecommunication sector, VSNL is trading up by (9.59%) at Rs663 while Idea Cellular is trading lower by (0.76%) at Rs130 followed by Reliance Communications by (0.7%) at Rs710 and Bharti Airtel by (0.44%) at Rs907………………….

VSNL is trading firm at Rs663 up by (9.59%) as the company is constructing a $250mn worth of cable system for linking Mumbai to Paris, London and Madrid…………………. This project will be built in partnership with Seacom and telecom Egypt and this will provide VSNL a new capacity of 1.28 terabit on the route during 2009…………………………..

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The Planning Commission expects the country’’s economy to grow by 8.5 to 9 per cent during the current financial year and by 9 per cent in the 11th Five Year Plan period, saying global slowdown would not affect India in the medium term. The world economic slowdown will not affect the medium term growth prospects, Planning Commission Deputy Chairman Montek Singh Ahluwalia said, while addressing the ”TIE Entrepreneurial Summit 2007”. The economy was likely to clock a growth rate of 8.5 to 9 per cent during the current financial year, he said, adding that the Gross Domestic Product (GDP) growth rate was expected to be 9 per cent during the next three years and 10 per cent in the terminal year of the Plan (2011-12).

Gajra Bevel Gears Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from December 24, 2007 to December 28, 2007.

SBI Capital Markets Ltd (”Manager to the Offer”), on behalf of Greif International Holding B.V. (”Acquirer”) has issued this Public Announcement (”PA”), to the equity shareholders of Balmer Lawrie-Van Leer Ltd (”Target Company”), in respect of the delisting of the fully paid equity shares of the Target Company pursuant to the Securities & Exchange Board of India (Delisting of Securities) Guidelines, 2003 (”Delisting Guidelines”).

The Acquirer seek to acquire 31,12,053 shares representing 19.76% of the paid up equity share capital of the Company from the public shareholders and propose to apply for delisting of equity shares from the Bombay Stock Exchange Ltd (”BSE”) where the equity shares of the Company are listed, pursuant to the Delisting Guidelines (the “Delisting Offer”).

A special resolution has been passed by the Shareholders of the Target Company at the Annual General Meeting of the Company held on September 28, 2007, approving the delisting of the Company?s equity shares pursuant to the Delisting Guidelines.

According to Clause 8.2 of the Delisting Guidelines, the Floor price will be the average of the 26 weeks high & Low of the closing price preceding the date of PA, which is Rs 46/- per Share.

The Acquirer shall announce the Discovered Price, the Exit Price and its decision to reject or to accept the discovered price and / or the Exit Price as applicable, in accordance with the timetable set out in this PA.

Schedule of Activities:

Public Announcement - December 03, 2007

Bid Opening Date (10.00 am) - December 14, 2007

Bid Closing Date (3.00 pm) - December 20, 2007

Announcement of Discovered Price / Exit Price and the Acquirer’s Acceptance/Non Acceptance of Discovered Price / Exit Price - December 26, 2007

Final Settlement Date (Shares in Dematerialised form)# - December 27, 2007

Period for Shareholders holding Physical Share Certificates to tender their Shares - December 28, 2007 to January 11, 2008

Final Settlement Date (for Shares in Physical Form) - January 25, 2008

Subject to the acceptance of the Discovered Price or Offer of an Exit Price, higher than the Discovered Price by the Acquirer.

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.

Shaba Chemicals Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 29, 2007, inter alia, have accorded the following:

1. Adoption of the Balance Sheet as at March 31, 2007 and Profit and Loss Account for the year ended on that date and the reports of Board of Directors and Auditors thereon.

2. Re-appointment of Mrs. Jamila Jaliwala as a Director of the Company.

3. Appointment of M/s. Bharat Neema & co. Chartered Accountants, Indore as Auditors of the Company to hold office from he conclusion of this Annual General Meeting upto the conclusion of the next Annual General Meeting on remuneration, terms & conditions.

4. Mr. Shahid Abbas Faizy Whole Time Director of the Company tendered his resignation from the directorship of the Company.

Ritesh Properties & Industries Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 14, 2007, to issue, offer and allot from time to time in one or more tranches through preferential allotment route 8,47,458 equity shares of Rs 10/- each at a premium of Rs 49/- each to Bennett Coleman & Co. Ltd or such other persons and entities as may be deemed fit by Board of Directors. Such allotment shall be made in accordance with the extant SEBI Guidelines including lock-in period as may be specified in the prevailing guidelines. The equity shares proposed to be allotted on preferential basis would be issued at a price of Rs 59/- per share, the price determined as per SEBI Guidelines, subject to necessary provisions & approvals.
Ritesh Properties & Industries Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 14, 2007, to issue, offer and allot from time to time in one or more tranches through preferential allotment route 8,47,458 equity shares of Rs 10/- each at a premium of Rs 49/- each to Bennett Coleman & Co. Ltd or such other persons and entities as may be deemed fit by Board of Directors. Such allotment shall be made in accordance with the extant SEBI Guidelines including lock-in period as may be specified in the prevailing guidelines. The equity shares proposed to be allotted on preferential basis would be issued at a price of Rs 59/- per share, the price determined as per SEBI Guidelines, subject to necessary provisions & approvals.

Maruti Suzuki India Ltd has announced that the Company sold 64,258 vehicles in the domestic market in October 2007.The Company had sold 55,894 vehicles in the domestic market in October 2006.In all, the Company sold 69,415 vehicles in October 2007. This includes 5,157 units of exports.The Companys volume in the domestic A2 segment went up by 20.9 per cent and in A3 segment grew by 54.7 per cent during the month compared to sales in October 2006.The sales figures for October 2007 are given below:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>SegmentModelsFor October Till October April 06-20072006%Change 2007-082006-07%ChangeMarch 07>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>A1M80044776354-29.5914246799-16.4y245COmni, Versa811077534.6P1944508511.3ƒ091A2Alto, Wagon-R,Zen, Swift470773894020.9(017923013721.7D0375A3Esteem, SX4*,4177270054.7)3511866057.3)697Baleno*Total Passenger Cars638415574714.59886634068117.1c2408MUVGypsy, Grand417147183.7!50183517.2221Vitara*Domestic642585589415.0@101634251617.1c5629Export5157426920.8)3932027845.09295Total Sales694156016315.4C040936279418.6g4924——————————————————————————————–*SX4 launched in May 2007, Grand Vitara launched in July 2007,>>>>>>>>>>>>>>>>>>>>>>>>>> Baleno figures are for 2006-07.