indian stocks in news

04/09/2007
Nettlinx Ltd.

Has considered & approved acquisition of entire Share Holding (100%) of Host Department, LLC. By this acquisition Host Department, LLC., will become 100% subsidiary to the Company with immediate effect.

04/09/2007
Paramount Communications acquires UK based AEI cables

Paramount Communications has announced the acquisition of the business of AEI cables in an all cash deal on 03 September 2007. AEI cables has a turnover of approximately GBP 65 million.Elara Capital Plc, a London- based mid-market advisor, was the sole corporate finance adviser to the company for this transaction. This is Elara Capital’s first cross border transaction involving two listed companies.The acquisition of AEI cables by the company will make the company the largest listed Indian company in the cable industry with an annual turnover of over Rs 1,100 crore.The acquisition is substantially funded through borrowings by the company's new wholly-owned UK subsidiary against the AEI cables assets which it has acquired, without recourse to the company. The company is only infusing Rs 25 crore out of the proceeds of FCCBs.

04/09/2007
Valiant Communications Ltd.

Has given their unanimous approval to form a 100% Wholly Owned Subsidiary VALIANT COMMUNICATIONS & TECHNOLOGIES INC. in United State of America, to promote, market and provide pre and post sales support to customers of Valiant Communications Ltd at international level. Pursuant to approval of Board of Directors, VALIANT COMMUNICATIONS & TECHNOLOGIES INC. a 100% Wholly Owned Subsidiary of the Company has been incorporated in United State of America.

05/09/2007
Sayaji Hotels opens its fourth restaurant at Gurgaon

Sayaji Hotels is opening its fourth restaurant on 05 September 2007 at Gurgaon (Haryana State) near Delhi. The company is inaugurating the new restaurant at sushant plaza, A block, sushant lok near sahara mall. The first three restaurants are in operation at pali hill - Mumbai, indra nagar - Bangalore and banjara hills - Hyderabad.The Fifth restaurant will be opened shortly at koramangala main road at Bangalore.

05/09/2007
Surana Telecom plans IT park in Pune

Surana Telecom has been allotted 4.94 acres of land by Maharashtra Industrial Development Corporation at Rajiv Gandhi Infotech Park in Pune. The company has planned for an IT park of 3,00,000 sq.ft at Rs 60 crore.

06/09/2007
ALL reports 3% dip in domestic sales for Aug’07

Ashok Leyland’s sales volume for the month ended Aug’07 at 6055 vehicles stood lower by 7% yoy with domestic sales thread 3% yoy fall at 5512 units and boastful 31% yoy fall in overall exports at 543 units. Lower volume sales in goods carrier sector of Medium Duty Vehicle (MDV) class is the major reason for weak performance for the quarter.Overall domestic sales volume of MDV segment fell 3% at 5488 units and 33% fall in exports at 526 units for the month ended Aug’07. The MDV passenger division reported good growth in sales numbers compared to the MDV goods division. The MDV goods domestic sales dipped by 22% to 4522 units and exports dipped by 67% to 138 units. While, the MDV passenger domestic sales increased by whopping 81% to 1832 units and exports increased marginally by 5% to 388 units.The LCV segment (Light Commercial Vehicle) for the month of Aug’07 registered 9% increase in domestic sales at 24 units and the exports stood at 17 units compared to nil units during the corresponding previous quarter. The overall production (including MDV & LCV) increased marginally by 3% to 6809 units with, the MDV (including passenger and goods) production growing merger by 1% to 6696 units and LCV production increasing considerably to 133 units from 2 units in the corresponding previous quarter.

06/09/2007
Hydro S&S Industries to raise funds

The board of Hydro S&S Industries has decided to raise funds not exceeding 30 crore, to be utilized for the expansion of its existing facilities, implementation of the two projects at Maharashtra and West Bengal in the first phase and such other new locations as required to continue to maintain strong customer linkages and logistics support.

06/09/2007
MSK Projects India receives order worth Rs 76.45 crore

MSK Projects India has received order worth of Rs 76.45 crore from Madhya Pradesh Road Development Corporation for execution of the Package-7 Khandwa-Khargone (SH-26) road project.

06/09/2007
Mukand Ltd.

Mukand Ltd has informed BSE that the Company on September 05, 2007 has signed an Agreement with NV Bekaert SA, Belgium, to form a Joint Venture Company to produce Stainless Steel Wires in India to feed markets across the world. The 50:50 joint venture will be set up in Lonand, district Satara, Maharashtra. The Joint Venture Company will manufacture stainless steel wires with an investment of Rs 100 crores.

07/09/2007
MRPL signs four-year agreement with Shell

Mangalore Refinery and Petrochemicals has signed a four year product supply agreement with Shell India Marketing.The agreement, which can be extended by another two years, includes selling of all grades of motor spirit and high speed diesel.Mangalore Refinery and Petrochemicals has been selling products to Shell since 2004 under a pact which expires October.The new agreement will cover not only the fuel supply but also infrastructure sharing, hospitality, collaboration on health, security, safety and environmental management procedures.