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.

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.

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.

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

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.

Rashtriya Chemicals & Fertilizers Ltd (R CF) has announced the following Unaudited results for the quarter ended September 30, 2007:

The Company has posted a net profit of Rs 389.50 million for the quarter ended September 30, 2007 as compared to Rs 433.70 million for the quarter ended September 30, 2006.

Total stock market Income has increased from Rs 10029.20 million for the quarter ended September 30, 2006 to Rs 14355.90 million for the last quarter ended September 30, 2007.

The market report in this company is very well and stock market price is increased previous last year so I am say stock and stock price is increased buy at current market price is Rs.69 for four month target of Rs.75.This company is informed approx. profit 300 millions for last quarter ended.

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.

Suzlon Energy Ltd has informed BSE that the ESOP - 2005 Committee of the Board of Directors of the Company at its meeting held on November 05, 2007 has allotted 900 equity shares of Rs 10/- each to the option grantees, pursuant to exercise of the options granted to the eligible employees of the Company and its Subsidiary Companies under the Employees Stock Option Plan - 2005.