Latest Stock News: Alok Industries Ltd

Alok Industries Ltd has informed that the members of the Company will consider approving the following Resolutions by way of Postal Ballot——————-
1. To offer and issue for cash on a preferential basis
(i) upto 13,75,000 Equity Shares of face value Rs 10/- each of the Company at a premium of Rs 92/- per share to the Promoter Group of the Company being the price determined In accordance with the SEBI (Disclosure and Investor Protection) Guidelines, 2000, as in force on the date of this Notice on or before February 26, 2008; and
(ii) upto 2,00,00,000 Warrants to the Promoter Group of the Company, each Warrant entitling the holder thereof to apply for and be allotted one equity share of the Company, on payment of an exercise price of Rs 102/- per share, (including premium of Rs 92/- per share) being the price determined in accordance with the SEBI (Disclosure and Investor Protection) Guidelines, 2000, as in force on the date of this Resolution, at any time within 18 months from the date of allotment of the Warrants, in two stages viz.
(a) upto 1,00,00,000 Warrants to be converted into Equity Shares on or before March 31, 2009; and (b) upto 1,00,00,000 Warrants to be converted into Equity Shares on or before July 31, 2009 and on such terms as may be deemed appropriate by the Board, subject to necessary provisions & approvals.
Via

Posted on 17th January 2008
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Stock Market : Jindal Drilling & Industries Ltd

Jindal Drilling & Industries Ltd has represented a BSE so as to the Board of Directors of the Company at its conference will be held on December 14, 2007 and has measured & approved the following:

1. To problem and allot 12,00,000 equity shares of Rs 10/- every to Citigroup on special basis at a price of Rs 1,280/- per share, this is in fulfillment with Chapter XIII of the SEBI strategy, 2000, subject to the hold up of members in Company and acquiescence of SEBI / FEMA guidelines and extra applicable laws.

2. To convene a more normal General Meeting of the member of the Company on January 10, 2008 to obtain necessary support for preferential portion of equity share as stated here on the top of.

3. The seek support of shareholders of the Company through postal ballot authorize in the Board of Directors to obtain 49% partnership of Virtue Drilling Pte Ltd, Singapore and to spend in extra individual Purpose Vehicles occupied in oil & drilling and associated behavior. Jindal Drilling & Industries Ltd they are reported in batter reported in previous month and Stock , Stock market price will be increased.So I am say the Stock market position in this company is very well.

Posted on 15th December 2007
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Stock Market : Dover Securities Ltd

Dover Securities Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 13, 2007, has approved the allotment of 40,00,000 equity shares of the face value of Rs 10 each for cash at a premium of Rs 40/- per share to the following applicants:

1. Name of the Allottees: Mr. Rajesh Sharma
Equity Shares: 24,00,000

2. Name of the Allottees: Mrs. Seema Sharma
Equity Shares: 5,000

3. Name of the Allottees: Mr. Ramesh Chandra Sharma
Equity Shares: 5,000

4. Name of the Allottees: Ramesh Chandra Sharma (HUF)
Equity Shares: 90,000

5. Name of the Allottees: Roopam Multitrade Pvt Ltd
Equity Shares: 6,50,000

6. Name of the Allottees: Mr. Pujit Aggarwal
Equity Shares: 4,25,000

7. Name of the Allottees: Mrs. Gunjan Aggarwal
Equity Shares: 4,25,000.

Read more : www.stocksurf.org

Posted on 13th December 2007
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Stock Market : Thomas Cook India Ltd

Thomas Cook India Ltd has announced that the Company on December 13, 2007 signed a Memorandum of Understanding (MOU) with JTB Corp. Japan, one of the largest travel solutions Companies in the world.

The alliance will allow Thomas Cook to access the JTB Corp. network across 30 countries alongwith affiliates spreading over 800 offices. For JTB Corp. the alliance will provide a ready platform to enter the Indian market.

Speaking on the occasion Mr. Udayan Bose, Chairman, of the Company said, “The year 2007 was designated as India-Japan Tourism Exchange Year. Both countries hope to increase the number of visitors between the two countries to approximately 300,000 by 2010, which will be nearly double that of the 2005. Hence, we are pleased to enter into an alliance with JTB Corp., the largest travel Company in Japan and one of the largest travel companies in the world. We see great potential in this co-operation across a wide range of travel activities including Leisure Outbound, Corporate Travel and Inbound Travel to India. In any case Japan was being looking at by us as a target country for inbound and outbound tourism. This co-operation will benefit both the Companies and countries immensely”.

Thomas Cook expects to witness growth in areas such as in-bound and out-bound tours. With this alliance, Thomas Cook also expects to see tremendous growth in its corporate travel business as it would now have access to the global relationships of JTB Corp. Mr. Madhavan Menon, Managing Director, of the Company said, “With business travel growing at the 20%, this alliance will provide further impetus to our corporate travel business.”

Every year with increasing number of travelers into India from Japan; JTB Corp. being the leader in the Japanese market, would be able to use the network of Thomas Cook to serve its clientele better. The travel cooperation arrangements would be for inbound, outbound and corporate travel across markets such as Japan, China, South-East Asia, Australia, New Zealand, Europe and America.

Posted on 13th December 2007
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Stock News : Steel Tubes of India Ltd

Steel Tubes of India Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from December 24, 2007 to December 27, 2007 (both days inclusive) for the purpose of 48th Annual General Meeting (AGM) of the Company to be held on December 27, 2007.

Posted on 10th December 2007
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Stock Market : Tata Sponge Iron Ltd

Tata Sponge Iron Ltd has informed BSE that the members at the 23rd Annual General Meeting (AGM) of the Company held on August 08, 2006, inter alia, have accorded to the following:

1. Adoption of the Directors Report to the shareholders dated July 11, 2006, Profit and Loss Account for the year ended March 31, 2006 and the Balance Sheet as at that date, the Cash Flow Statement for the year ended March 31, 2006, together with the Auditors Reports thereon.

2. Declaration of dividend at the rate of 40% on the fully paid equity share capital of the Company for the year ended March 31, 2006.

3. Re-appointment of Mr. Ashok Pandit, Mr. Dipak Kumar Banerjee and Mr. Sanjay Kumar Pattnaik, as Directors of the Company.

4. Re-appointment of M/s. S B Billiimora & Co, as Auditors of the Company to hold office from the conclusion of this Meeting upto the conclusion of the next Annual General Meeting and to audit the accounts of the Company for the financial year ending March 31, 2007 or any other extension thereof, on remuneration, terms & conditions.

5. Change in the remuneration payable to Mr. Ashok Pandit, Managing Director with effect from April 01, 2006 for the remainder period of his current tenure.

6. Appointment of Mr. Sudhir Deoras, as Director of the Company.

7. Appointment of Mr. Sudhir Deoras as Joint Managing Director of the Company, subject to retirement by rotation, with effect from July 11, 2006 for a period of three years on terms & conditions.

Today this company is reported batter excellent result in last quarter ended and current Share market price Rs.239 for three month target Rs.250.Market report in this company is very well so I am say stock and stock market price will be increased.

Posted on 1st December 2007
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Ikab Securities & Investment Ltd

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.

Posted on 29th November 2007
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Stock Market : Tata Motors Ltd

Stock Market : Tata Motors Ltd

Tata Motors Ltd has informed BSE that August 12, 2005, has been fixed as Record Date for the purpose of exchange of shares of Tata Finance Ltd for shares of Tata Motors Ltd i.e. Every Equity Shareholder of the Company will be allotted 8 ordinary shares of Rs 10/- of Tata Motors Ltd in exchange for every 100 Equity Shares of Rs 10 each of the Company.

Today this company is reported batter excellent result in last quarter ended and current Share market price Rs.34 for three month target Rs.50.

Posted on 29th November 2007
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Stock Market : Reliance Life Insurance

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.

Posted on 22nd November 2007
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Stock Market :Escorts Ltd

Stock Market :Escorts Ltd
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.

Posted on 19th November 2007
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