Venus Remedies enters into JV for European Union

Venus Remedies Ltd has informed that the Company has signed an agreement with M/s. Pharma Match R&D B.V., a limited Company based at Amsterdam, Netherlands for jointly preparing, registering and marketing an EU E-CTD Dossier for a latest generation Carbapenem Injectible.

The foreign MNC had approached the Company for a collaboration, after its technical team was confident of the Companys plants and Research facilities. The Company would be conducting the complete studies and trials for providing the data for compilation of the EU E-CTD Dossier for this Carbapenem Injectible going off-Patent shortly, and Pharma Match, Netherlands would get the same registered in Europe. Pharma Match, Netherlands has been given the Exclusive Marketing Rights for entire European Union to sell this Product accompanied by supply agreements with all the potential customers in E.U. All the profits shall be shared equally between the two collaborators under this agreement.

Work has already started at the Company for this project and a highly competent team has been constituted for the CTD Dossier compilation work. This product already has good market size globally and the Company is expecting to gain a reasonable market share as soon as it goes off - Patent.

Listing of equity shares of Omnitech InfoSolutions Ltd

Trading Members of the Exchange are hereby informed that effective from August 14, 2007, the equity shares of Omnitech InfoSolutions Ltd (Scrip Code: 532882) are listed and admitted to dealings on the Exchange in the list of ''B1'' Group Securities. For further details please refer to the notice no 20070813-1 dated August 13, 2007.

Indian Hotels to mop up Rs 1,900cr via rights

Indian Hotels Company Ltd, the Tata group firm that operates the Taj chain of hotels, has decided to mop up around Rs 1,700-1,900 crore via two rights issues to meet its long-term requirement for capital for expansion, including acquisitions. The company will mop up Rs 844 crore via a rights offer for equity shareholders, while it will raise Rs 900-1,080 crore via a similar offer for unsecured convertible debenture-holders. The company will offer one rights share to shareholders for every five shares they hold. The offer will be priced at Rs 70 apiece. Debenture holders will get one debenture for every 10 they hold. The debentures will carry a coupon rate of 4 per cent for five years. The debentures can be converted after two years at a price of Rs 150-180 apiece. The rights issue will be the second offer by the company, the first being a 1:3 issue in 1993. The company unveiled two bonus issues 1:2 in 1989 and 1:1 in 1994. It will be among several Tata group companies such as Tata Steel, Trent, Tata Teleservices and Tata Coffee to have announced rights offers in the past one year. Indian Hotels Company is seeking rapid expansion in India and abroad. The company has inked agreements for Ginger hotels in Ahmedabad, Guwahati, Mangalore, Jamshedpur and Tiruppur.

Kesoram Industries likely to divide into two

Basant Kumar Birla''s Kesoram Industries may be divide into two to accommodate his daughter Manjushree Khaitan and his grandson Kumar Mangalam Birla, in the succession plan for the company. The senior Birla, 87, said a part of the Rs 2,500-crore Kesoram will go to Khaitan but did not specify which part. The Kesoram board will decide the issue. Birla, however, clarified that the cement business will go to Kumar Mangalam, who is also the chairman of the Aditya Birla Group. Observers of the Birla group said all the important businesses of the company, namely cement and tyre, will probably go to Kumar Mangalam. Kumar Mangalam is the country''s largest cement maker with two companies Grasim and UltraTech. Khaitan will get either the spun pipes (sale of nearly Rs 120 crore) or the chemicals and rayon business (nearly 153 crore). However, the split may not take place in a hurry.The split, once it takes place, will add a new twist to BK Birla''s succession plan. In his will, made in July 2004, Birla said a company of his Rs 8,000-crore group would be inherited by the person who was in charge of it and overseeing its day-to-day affairs. In June this year, Birla had said all major companies in his portfolio will go to his grandson, Kumar Mangalam. Last year, Birla had declared that Kumar Mangalam will inherit Century Textiles & Industries, after gaining control over Pilani Investments from other Birla clans, namely SK Birla and CK Birla. Half of Kesoram''s revenues comes from cement, sales of which stood at Rs 1,156 crore in the last financial year out of the company''s total turnover of Rs 2,500 crore.

L&T Bags Rs 203 Crores Worth New Orders from Delhi Metro for its Phase II Project

Larsen & Toubro Ltd (L&T) has announced that the Company has secured two more Design and Build contracts from Delhi Metro Railway Corporation (DMRC) for the construction of the underground station at Saket (Delhi) and a tunnel as part of its Phase II Project. Valued at Rs 203 crores the new station and tunnel will come up between Central Secretariat and Qutub Minar Corridors of Delhi Metro.To be completed in 30 months, the construction of the Saket station involves 1500m of tunneling. The length of the station will be 284m. In addition, the construction involves a 945m Link Tunnel and a 260m Ramp, both of which to be completed in 24 months. Top down construction method will be adopted for the underground station at Saket (Delhi) while Cut & Cover Method will be used for tunneling and NATM (New Austrian Tunneling Method) for 185 m of Twin Tunnel.The new orders come close on the heels of the Rs 355 crore Phase II orders secured by the Company, in the same corridor during last fiscal. The Company is presently executing the Udyog Bhavan and Green Park stations along with the construction of 1 km long tunnel by Cut and Cover method. The Company is also executing yet another contract, in Joint Venture with DYWIDAG, SAMSUNG, SHIMIZU and IRCON, for the construction of two underground stations at Hauz Khas and Malviya Nagar with a 3.10 km long tunnel using Tunnel Boring machines. These projects are slated for completion by 2010 for the Common Wealth Games in New Delhi.

GTL Infrastructure - Outcome of AGM

GTL Infrastructure Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on June 20, 2007, inter alia, have accorded to the following:

1. Adoption of the Audited Accounts for the period ended March 31, 2007 & Directors Report thereon

.2. Appointment of Mr. Manoj G Tirodkar, Mr. G V Desai & Mr. Vishwas Pathak as Directors of the Company.

3. Appointment of M/s. Bansi S Mehta & Co., Auditors of the Company.

4. Appointment of Mr. Prakash Ranjalkar as whole time director.

5. Adoption of GTL Infrastructure Ltd - Employees Stock Option Scheme (ESOS 2005) with certain modifications.