Equity Market News -26th September 2008

• FII and PN norms set to review, SEBI board meet on October 6 – ET
• RCF plans chemical park, comex to unlock real estate value – BS
• RIL eyes fertilizer foray with SPIC buy, others like Sterlite and PE funds also seen in the race – ToI
• Sundram Multicap loses case against ICICI Bank; HC orders company to pay the bank dues arising out of contract on structured derivatives product – Mint
• Raymond puts its loss making Denim business on the block – BS (It’s a JV with a European company UCO)
• Satyam top brass sell 1.6 lakh shares in last 2 months – DNA
• Sterlite inches close to Asarco takeover – BS
• Century Textile staff (82 employees) are reluctant to take VRS scheme which could delay the groups plan to develop the Worli property – ET
• SAT declines to stop Emami open offer, preliminary hearing on November 18 – BL

Ratnamani Metals -Record Date - Stock Split

Ratnamani Metals & Tubes Ltd has informed the market that November 14, 2008 has been fixed as the Record Date for the purpose of subdivision of equity shares of Rs 10 each into 5 equity shares of Rs 2/-

Equity Market News -25th September 2008

* NMDC asks government to divest 47% stake in company – HT
* Balaji Telefilms eyes majority stake in 9X – ET
* OVL, Sinopec spar over Canadian company; deal worth $1.4 billion –ET
* Banks put brakes on loan against property on fear of defaults – ET
* Sical looking to sell 26% in Ennore iron ore terminal to MMTC – DNA
* UAE based Masdar acquires stake in Sterling Info’s WinWind for $120 million – DNA
* Anil Ambani sues Mukesh Ambani, New York Times for defamation in Bombay HC

Sybly Industries -to consider Stock Split

Sybly Industries Ltd has informed the market that a meeting of the Board of Directors of the Company will be held on October 04, 2008, inter alia, to consider and if thought fit to split the face value of the shares of the Company into smaller denominations.

Suzlon Energy Board to consider Rights Issue

Suzlon Energy Ltd has informed the market that a meeting of the Board of Directors of the Company will be held on September 27, 2008 to consider the proposal to undertake a rights issue of its equity shares to an extent of Rs 1800 Crores.

Zicom Electronic - Order of Rs 7.50 Crores

Zicom Electronic Security Systems Ltd has informed the market that the Company has procured an order for supply, installation, commissioning and project management of wireless broadband outdoor surveillance system for Gurgaon on turn key basis for a total cost of Rs 7.50 crores.

The formal order in this regard is expected in short time

South Indian Bank - Bonus Issue

South Indian Bank Ltd has informed the market that October 17, 2008 has been fixed as the Record Date for the purpose of taking out a list of shareholders eligible for issue of bonus shares in the ratio of 1 bonus share for every 4 shares held on that date

Equity Market News -24th September 2008

• AIG holding in local companies under cloud; FIPB may seek information on stakes held by AIG in listed companies – ET
• Balaji to start hindi entertainment channel by year end; Pradeep Guja likely to head the business – ET
• Tech Mahindra, TCS eye Flextronics units – ET (Company has put the design service unit in Bangalore on block)
• Ranbaxy drugs in US AIDS programme under scanner –ET
• Government review plans to take FIIs out of FDI sector limits – BS

Tayo Rolls - Right Issue

Tayo Rolls Ltd has informed the market that a meeting of the Committee of Board - Rights Issue of the Company will be held on September 26, 2008, inter alia, to consider the following:

1. To consider and approve the swap ratio for the Rights Issue of Equity Shares (not exceeding Rs 60.34 crores).

2. To fix the premium per Equity Share for the Rights Issue.

3. To fix the record date for ascertaining the names of members who will be entitled to the Equity Shares issued pursuant to the Rights Issue.

Equity Market News-23rd September 2008

• Canadian regulator now issues notice to Ranbaxy, company's 2 units under scrutiny - Mint
• Tata Motors to roll out 3 Nano variants next month - ET
• SBI says no plans to purchase Lehman's India assets: PTI
• Sterlite Technologies in talks to acquire UK based Brand-Rex for $55 million - ET
• Reliance Infra pulls out of Jaipur project to develop 143 km - BS
• Karuturi Global to sell 15% stake in Dubai arm to raise $100 million - BS
• UK based Hedge Fund Children's Investment Fund planning legal action against Vedanta for its recent restructuring in India - ET
• Bharti gives Akhil Gupta stake in tower company - ET
• Balaji Tele signs exclusive content production deal with Sun Network - BS

Roto Pumps Secures Order

Roto Pumps Ltd has informed the market that the Company have bagged a major Order valuing Rs 360.00 lacs from Larsen & Toubro Ltd for Rajasthan Northern Area Development Project of Cairn Energy India Pvt Ltd. Larsen & Toubro Ltd is the contractor for this project and the project is certified for deemed export benefits. This order is the single largest value order in the history of the Company.

The Company have bagged this order against stiff International competition based on its good track record of supplies to Cairn Energy

GS Auto - Export Orders

GS Auto International Ltd has informed the market that the Company has received Export orders worth Rs 10.60 Millions, from various customers, such as Arvin Meritor, Hermann Peter Gmbh Germany, Sieg Fried Templing Gmbh Germany, Rotark Gears B.V.Holland and Mast Trading Company, Dubai. With these orders, the Company has total Export orders in hand, worth Rs 38.50 Millions, till dates.

Jaipan Industries -Bonus Shares

Jaipan Industries Ltd has informed the market that a meeting of the Board of Directors of the Company will be held on October 06, 2008, inter alia, to transact the following:

1. To consider the issue of Bonus Shares.

2. To consider the proposal for raising the equity by issue of GDR / FCCB.

3. To review the progress of expansion of Business.

Maestros Mediline - Buy-back of Shares

Maestros Mediline Systems Ltd has informed the market that the Board of Directors of the Company at its meeting held on September 20, 2008, inter alia, has approved the offer of Buy Back of Shares to the extent of 10% of Paid-up Equity Capital and free reserves of the Company.

The Buy Back shall be carried out from the open market through the Bombay Stock Exchange at a maximum price of 75/- per share