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.

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).

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…………………………….

Accurate Transformers 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:1. With a view to plough back the resources for business activities of the Company, the Board of Directors regret their inability to recommend dividend for the year ended on March 31, 2007.2. The Board also recommended increase in remuneration payable to Mr. C L Sharma, Managing Director of the Company.

Essar Oil Ltd has informed that the Board of Directors of the Company at its meeting held on October 31, 2007, inter alia, has appointed Shri. Naresh Nayyar as Managing Director of the Company for a period of 5 years with effect from October 15, 2007.

Ganesh Housing Corporation Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from December 10, 2007 to December 14, 2007 for the purpose of 16th Annual General Meeting (AGM) of the Company to be held on December 14, 2007.

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.