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Aditya Birla Chemicals: Updates on outcome of AGM

Written By Unknown on Senin, 23 September 2013 | 14.03

Sep 23, 2013, 12.26 PM IST

Aditya Birla Chemicals (India) Ltd has submitted a copy of minutes of the 37th Annual General Meeting (AGM) of the Company held on September 10, 2013.

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Aditya Birla Chemicals: Updates on outcome of AGM

Aditya Birla Chemicals (India) Ltd has submitted a copy of minutes of the 37th Annual General Meeting (AGM) of the Company held on September 10, 2013.

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Aditya Birla Chemicals: Updates on outcome of AGM

Aditya Birla Chemicals (India) Ltd has submitted a copy of minutes of the 37th Annual General Meeting (AGM) of the Company held on September 10, 2013.

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Strides jumps 8.5%, may pay out Rs 800/sh to shareholders

Moneycontrol Bureau

Shares of Strides Arcolab jumped 8.5 percent on reports that the company may pay out Rs 800 per share to shareholders post the Agila deal.

According to information available in BSE, Strides Acrolab has 27,177 shareholders, including 24,320 retail investors. As of June 30, the promoters had a 27.39 percent stake in the company, while foreign institutional investors had 51.7 percent.

Also read: Dr Reddys falls, Genzyme files infringement suit against co

Earlier this month, the government had cleared the Rs 5,168-crore deal of the US-based Mylan for acquiring Bangalore-based pharma firm Agila Specialties, a subsidiary of Strides Arcolab .

While announcing the deal in February this year, the US-based firm had said that Agila will bring a broad product portfolio of more than 300 filings approved globally and marketed through a network covering 70 countries, including 61 abbreviated new drug applications (ANDAs) approved by the US Food and Drug Administration (USFDA).

At 11:34 hrs Strides Arcolab was quoting at Rs 920.30, up Rs 40.25, or 4.57 percent on the BSE.

(Posted by Nasrin Sultana)



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Kenya mall attack: Death toll at 68, fresh gunfire heard

Reports of fresh gunfire came from inside the Westgate shopping mall in Nairobi, where siege continues for the third day. This came even as military authorities say the siege is close to an end. At least 68 people have been killed including two Indians and more than 175 injured.

Hour on hour, casualties of the Nairobi mall attack have been pouring into hospital as the Kenyan police battle Al-Shabaab terrorists who carried out the weekend's carnage. From inside Westgate, the uptown shopping mall where gunmen walked in and opened fire on shoppers, stories of horror have been coming out.

Also read: Kenya attack: Two Indians among killed, hundreds injured

India too is counting the cost. Among those dead are IT professional from Chennai Sridhar Natarajan and 8-year-old Paramanshu Jain, the son of a bank manager there.

India's External Affairs Ministry spokesperson Syed Akbaruddin said, "It is with some sadness that we have to acknowledge that two Indian nationals, including a young man and a boy, unfortunately succumbed to the attacks. Apart from that there are four Indian nationals who are currently in hospital; they are being provided adequate medical attention."

Kenya's president, whose own relatives were amongst the casualties, vowed to bring the Al Shabaab group, affiliated to al-Qaeda to justice But even on Sunday, gunbattles between his forces and the terrorists continued. Al Shabaab has close links with Al-Qaeda, and the attack on civilians resembles 26/11 and other brutal terror strikes around the world.

Al Shabaab's Islamist radical leaders say they will attack again until Kenyan forces pull out of anti-terror operations in Somalia. For hundreds of innocent victims who faced their bullets, the ordeal is unending.

The family of Sridhar Natarajan killed in the attack has issued a statement saying, "This is difficult time for the family and we are trying to find more information. We are in touch with the relevant authorities in the MEA and we appreciate their help. As we decide the next step, we will appreciate if our privacy, in this difficult hour, is respected."

The Indian authorities have promised all help to the family. Prime Minister Manmohan Singh has condemned the attack in Kenya. In a letter to the Kenyan government, he said,

"This incident is a stark reminder that the persisting menace of terrorism remains a formidable challenge that calls for a concerted and sustained response from the global community."

Read more at: http://ibnlive.in.com/news/kenya-mall-attack-death-toll-reaches-68-fresh-gunfire-heard/423956-2.html?utm_source=ref_article



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Western India Shipyard reappoints directors, auditor

Written By Unknown on Minggu, 22 September 2013 | 14.02

Sep 21, 2013, 07.02 PM IST

Western India Shipyard, in its annual general meeting on September 21, approved reappointment of Ashwani Kumar, appointment of Ashok Kumar Agarwal as director; reappointment of S K Mutreja as whole time director & CEO for three years; and V V Kale & Co, as statutory auditor of the company

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Western India Shipyard reappoints directors, auditor

Western India Shipyard, in its annual general meeting on September 21, approved reappointment of Ashwani Kumar, appointment of Ashok Kumar Agarwal as director; reappointment of S K Mutreja as whole time director & CEO for three years; and V V Kale & Co, as statutory auditor of the company

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Western India Shipyard reappoints directors, auditor

Western India Shipyard, in its annual general meeting on September 21, approved reappointment of Ashwani Kumar, appointment of Ashok Kumar Agarwal as director; reappointment of S K Mutreja as whole time director & CEO for three years; and V V Kale & Co, as statutory auditor of the company

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Banco Products reappoints directors, auditor

Sep 21, 2013, 07.02 PM IST

Banco Products (India), in its annual general meeting on September 21, approved re-appointment of Atul G Shroff and Manubhai G Patel as directors; Shah & Co, chartered accountants as auditor of the company; re-appointment of Kiran Kumar Shetty as executive director.

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Banco Products reappoints directors, auditor

Banco Products (India), in its annual general meeting on September 21, approved re-appointment of Atul G Shroff and Manubhai G Patel as directors; Shah & Co, chartered accountants as auditor of the company; re-appointment of Kiran Kumar Shetty as executive director.

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Banco Products reappoints directors, auditor

Banco Products (India), in its annual general meeting on September 21, approved re-appointment of Atul G Shroff and Manubhai G Patel as directors; Shah & Co, chartered accountants as auditor of the company; re-appointment of Kiran Kumar Shetty as executive director.

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Supreme Tex Mart appoints S K Verma and Associates as cost auditor

Sep 21, 2013, 07.03 PM IST

Supreme Tex Mart approved appointment of S K Verma and Associates as cost auditors of the company to conduct the cost audit for the financial year ending March 31, 2013.

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Supreme Tex Mart appoints S K Verma and Associates as cost auditor

Supreme Tex Mart approved appointment of S K Verma and Associates as cost auditors of the company to conduct the cost audit for the financial year ending March 31, 2013.

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Supreme Tex Mart appoints S K Verma and Associates as cost auditor

Supreme Tex Mart approved appointment of S K Verma and Associates as cost auditors of the company to conduct the cost audit for the financial year ending March 31, 2013.

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Supreme Tex Mart Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 20, 2013, inter alia, has approved the following:1. Appointment of M/s. S K Verma and Associates as Cost Auditors of the Company to conduct the Cost Audit for the Financial Year ending March 31, 2013.2. Due to some clerical mistake the intimation regarding allotment made to Sunnyland Group Ltd on September 10, 2013 was inadvertently given incorrect to the Stock Exchanges as the actual allotment was made of 1466940 No of Shares instead of 1257188 Shares. Board advised to give the correct figure to the Stock Exchanges.Source : BSE

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Will fight to get board seat for Akula: SKS Trust

Written By Unknown on Selasa, 17 September 2013 | 14.02

SKS Trust, one of the bigger shareholders in SKS Microfinance , pushing for Vikram Akula's nomination to the board, is yet to hear a formal response. Akula was the founder of the microfiance company who had quit under pressure and the company is opposed to offering him a board seat. Biksham Gujja, Chairmam of SKS Trust says it is a very straightforward request that a 12.6 percent shareholder needs to get a board seat. He fails to understand the objections

Also Read: SKS Micro won't let Akula on board, may review other names

Though he is still expecting a formal reply, he is not opposed to taking all the actions necessary to get its rights back, including the legal route.

Below is the verbatim transcript of Biksham Gujja's interview on CNBC-TV18

Q: If you can tell us the facts as of now, have you made a formal request that Vikram Akula should represent SKS Trust. What has been the board's response?

A: I wrote a letter to SKS board nominating Vikram Akula who started SKS, who also started SKS Trust, to be our representative when we reached 12.6 percent of the SKS Microfinance; we are the largest shareholders of the company. I have not got a formal response to that simple and polite request. Instead, there were several media reports wherin questions were raised on unrelated matters. The objections were not factually correct either, like SKS Trust not being governed properly or no shareholder is eligible to nominate (implying) Vikram Akula is not accepted.

I am reading all these in the media, but we have not received any formal reply for a very simple straightforward request from the trust which is the largest shareholder today, to get a board seat and then my nomination of Vikram Akula to the board of the SKS.

Q: If they continue with the silence, what will be your next step?

A: We are exploring all our options and I want them to communicate to me as to what their concerns are. Vikram Akula had started SKS. I am not able to see what the objections are, instead of it they are saying that the Trust is not managed properly.

We are shareholders of the SKS, they are not our shareholders. If they have concerns about it, certainly they can come out and openly debate and discuss but these are not related ones. An extremely simple request, very straightforward that 12.6 percent shareholder needs to get a board seat and there are number of board members with much less shareholding. It is certainly a convention to have a largest shareholder represented in the board.



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Eros International's Grand Masti receives unanimous thumbs up

Sep 17, 2013, 12.20 PM IST

Eros International Media has announced a sensational opening weekend of Grand Masti at he box office with an impressive Rs 55.74 crore gross worldwide. With this, the film has also become the fourth biggest opener of 2013 at the domestic box office.

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Eros International's Grand Masti receives unanimous thumbs up

Eros International Media has announced a sensational opening weekend of Grand Masti at he box office with an impressive Rs 55.74 crore gross worldwide. With this, the film has also become the fourth biggest opener of 2013 at the domestic box office.

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Eros International's Grand Masti receives unanimous thumbs up

Eros International Media has announced a sensational opening weekend of Grand Masti at he box office with an impressive Rs 55.74 crore gross worldwide. With this, the film has also become the fourth biggest opener of 2013 at the domestic box office.

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Eros International Media Ltd has informed BSE regarding a Press Release dated September 17, 2013, titled "Eros International's Grand Masti receives unanimous thumbs up at the Box Office with Rs. 55.74 crore gross worldwide" Eros International Media has announced a sensational opening weekend of Grand Masti at he box office with an impressive Rs 55.74 crore gross worldwide. With this, the film has also become the fourth biggest opener of 2013 at the domestic box office.Source : BSE

Read all announcements in Eros Intern

To read the full report click here

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Sell gold around Rs 29950-30000: Ram Pitre

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Sep 17, 2013, 12.26 PM IST

In an interview to CNBC-TV18, Ram Pitre of Anand Rathi Commodities spoke about a few commodities

In an interview to CNBC-TV18, Ram Pitre of Anand Rathi Commodities spoke about a few commodities

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Indian Bank appoints K. Ravichandran as CFO

Written By Unknown on Senin, 16 September 2013 | 14.03

Sep 16, 2013, 12.21 PM IST

Shri K. Ravichandran, Deputy General Manager will be the new Chief Financial Officer of Indian Bank with effect from August 01, 2013 in place of Shri Amresh Kumar, General Manager.

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Indian Bank appoints K. Ravichandran as CFO

Shri K. Ravichandran, Deputy General Manager will be the new Chief Financial Officer of Indian Bank with effect from August 01, 2013 in place of Shri Amresh Kumar, General Manager.

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Indian Bank appoints K. Ravichandran as CFO

Shri K. Ravichandran, Deputy General Manager will be the new Chief Financial Officer of Indian Bank with effect from August 01, 2013 in place of Shri Amresh Kumar, General Manager.

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Indian Bank has informed BSE that Shri K. Ravichandran, Deputy General Manager will be the new Chief Financial Officer of the Bank with effect from August 01, 2013 in place of Shri Amresh Kumar, General Manager.Shri K. Ravichandran, Deputy General Manager will also act as Compliance Officer with effect from August 01, 2013. Shri A. Ganesa Rathnam, Company Secretary shall continue to be Compliance Officer.Source : BSE

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