JK Tyre fixes Record Date for Rights Issue

JK Tyre & Industries Ltd has announced that the Board of Directors of the Company at its meeting held on June 28, 2008 has fixed July 14, 2008 as the Record Date for deciding the entitlement of shareholders under the proposed Rights Issue.The Stock closed the day at Rs.94.15, down by Rs.4.30 or 4.37%. The stock hit an intraday high of Rs.102.70 and low of Rs.92.The total traded quantity was 27485 compared to 2 week average of 10525.

Jubilant Organosys allots 79376 Shares on conversion of FCCBs

Jubilant Organosys Ltd has announced that at a Meeting of the Special Committee of the Board of Directors held on June 30, 2008, allotment of 79,376 equity shares of Re 1/- each at a premium of Rs 272.0648 per share has been made to Swiss Finance Corp. (Mauritius) Ltd., on conversion of a part of the Foreign Currency Convertible Bonds amounting to US $ 0.5 Million.

GIC to invest Rs 900 Crores in S Kumars Nationwide arm Reid & Taylor India Ltd

S.Kumars Nationwide Ltd (SKNL) has announced that SKNL's wholly owned unlisted subsidiary Reid & Taylor (India) Ltd, to which Reid and Taylor Division was spun off, has just concluded an agreement with Indivest Pte Ltd, an affiliate of GIC Special Investments ("GIC SI") whereby GIC SI will invest Rs 900 crores in Reid & Taylor through a fresh issue of shares and warrants. Post-conversion, GIC SI would own 25.4% of Reid & Taylor, valuing it at Rs 3,540 crores. The Company will own 74.6% of Reid & Taylor (India) Ltd post the investment from GIC SI.GIC SI investment in Reid & Taylor will help to substantially strengthen Reid & Taylor and SKNL's business and their ability to grow in the luxury fabric and apparel and other textile segments of the textile industry, where it is already a market leader.The stock closed the day at Rs.106.55, up by Rs.0.60 or 0.57%. The stock hit an intraday high of Rs.108.70 and low of Rs.105.05.The total traded quantity was 150826 compared to 2 week average of 302917.

ABL Bio Technologies to allot GDRs

ABL Bio Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on June 20, 2008 has approved the allotment of 820,000 GDRs representing the 4,100,000 equity shares of Rs 10/ each at an issue price of US $ 8.15 per GDR amounting to $6,683,000. Each GDR represents 5 equity shares of Rs 10 each.

HDFC Bank allots 69883956 equity shares on merger of Centurion Bank

HDFC Bank Ltd has announced that Share Allotment Committee of the Bank at its meeting held on June 24, 2008 have allotted 6,98,83,956 equity shares of Rs 10/- each to the shareholders of Centurion Bank of Punjab Ltd pursuant to the share swap ratio of one (1) equity share of Rs 10/- each of HDFC Bank Ltd for every twenty nine (29) equity shares of Rs 1/- each held in Centurion Bank of Punjab Ltd. by them as on the Record Date i.e. June 16, 2008.

BSE Launches 'BSE Power Index'

In the continued efforts of providing quality benchmarks, BSE announces launch of ‘BSE Power Index’ on the eve of ‘Festival of Light’. The index aims to track the performance of companies engaged into the business of generation, transmission, distribution of electricity, companies providing power infrastructure, and manufacturers of equipments required for power generation.

The Salient features of BSE Power index are as follows:

Base Date: January 3, 2005

Base Index Value: 1000

Calculation Methodology: Free-float Methodology

No. of Scrips on launch date: 14

Historical Values: Available since January 3, 2005

This represents about 90% market capitalisation of power sector companies from the list of BSE-500 index.

The Constituents of BSE Power Index as on 08/11/2007 are Bharat Heavy Electricals Ltd, NTPC Ltd, Reliance Energy Ltd, Suzlon Energy Ltd, Tata Power Co. Ltd, ABB Ltd, Siemens Ltd, Crompton Greaves Ltd, Power Grid Corporation Of India Ltd, GVK Power & Infrastructure Ltd, GMR Infrastructure Ltd, Torrent Power Ltd, Areva T&D India Ltd, CESC Ltd.

Bharat Heavy Electricals Ltd, NTPC Ltd and Reliance Energy Ltd have the highest weightage in the index with BHEL having the highest followed by the other two respectively. These 3 stocks together forms almost 50% weightage of the index.

The index would be calculated and disseminated on a real time basis through BSE’s trading terminal BOLT, BSE website and datafeed vendors effective November 9, 2007.

Presently BSE calculates and disseminates on a real time basis the sectoral indices such as BSE Auto, BSE Bankex, BSE Capital Goods, BSE Consumer Durables, BSE FMCG, BSE Healthcare, BSE IT, BSE Metal, BSE Oil & Gas, BSE Realty, BSE TECk.

Zandu Pharmaceutical to consider preferential issue on Jun 06, 2008

Zandu Pharmaceutical Works Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 06, 2008, inter alia, for considering the proposal for issue of equity shares / warrants / other convertible instruments to promoters, their relatives, associates, other investors on preferential basis, subject to approval of members in the general meeting.

AXIS Bank to Raise Tier II Capital on Private Placement Basis

AXIS Bank Ltd has announced that the Board of Directors of the Company at its meeting held on June 06, 2008, inter alia, have approved borrowing an amount of upto Rs 6520.24 crores in one or more tranches by way of Upper Tier II Capital in Indian / Foreign Currencies and / or Lower Tier II Capital in the form of Sub-ordinate Debenture.The stock closed the day at Rs.760.20, down by Rs.10.20 or 1.32%. The stock hit an intraday high of Rs.788 and low of Rs.756.The total traded quantity was 404272 compared to 2 week average of 378713.

Megasoft and IOL Broadband to list in NSE

The equity shares of the Megasoft Ltd (Symbol: MEGASOFT) shall be listed and admitted to dealings on the Exchange w.e.f. July 19, 2007. Trading shall be in the Normal Market segment - Compulsory Demat (Rolling Settlement) for all investors.

The ISIN Code of the company is INE933B01012.

The equity shares of IOL Broadband (Symbol: IOLB) shall be listed and admitted to dealings on the Exchange w.e.f. July 19, 2007. Trading shall be in the Normal Market segment - Compulsory Demat (Rolling Settlement) for all investors.

The ISIN Code of the company is INE517C01011.

BSE Introduces Online Registration & Electronic Payment Gateway

On the auspicious day of Muhurat Trading Bombay Stock Exchange (BSE) announced the introduction of Online registration and electronic payment facility for its certification examinations.

It will now be possible for candidates to register directly for certification examinations by filling in the online registration form and making payment electronically by means of a Visa / Mastercard credit card.

The candidates will have the flexibility to choose the time and date of the certification examination on a highly user friendly. Payment can be made using Visa or Mastercard credit cards. This customer friendly initiative has been taken in the light of increasing popularity of BSE certification examinations which have seen a quantum jump in recent months.

This facility will be extended to BSE's training programmes in the near future.

Mr. Rajnikant Patel, Managing Director & CEO, BSE observed "Since its corporatisation and demutualisation, BSE has taken a number of new initiatives aimed at providing improved customer service. This is one such initiative. I am sure candidates desirous of appearing for our certification examination will find the online registration and payment facility extremely convenient."

BSE buys 5% stake in Calcutta Stock Exchange

Bombay Stock Exchange Ltd has bought 5% stake in Calcutta Stock Exchange at Rs.2,000/- per share based on pre money enterprise valuation of approx : Rs.60 crores.

Mr. Rajnikant Patel, Managing Director & CEO said that: "BSE has picked up 5% stake, as a strategic partner, in CSE. We have signed an MOU for the revival and growth of Calcutta Stock Exchange and its members. We believe that BSE, CSE combination presents a good business opportunity for both BSE & CSE's members."

Bombay Stock Exchange's Sensex Index Futures to list in U.S Futures Exchange

Exclusive Agreement With BSE Provides For U.S. Dollar-Denominated Futures Contract To Begin Trading February 22, 2008

U.S. Futures Exchange (USFE) announced today that it will exclusively license Bombay Stock Exchange's (BSE) benchmark SENSEX Index for U.S. dollar-denominated futures trading beginning February 22, 2008. USFE's SENSEX contract will allow eligible U.S. investors to directly participate in India's equity markets for the first time, without requiring American Depository Receipt (ADR) authorization.

The SENSEX Index is composed of 30 major Indian stocks and regarded as the country's premier stock market index. The SENSEX's value has risen more than 600 percent since its low in May 2003, reflecting significant growth in the Indian economy. BSE currently offers rupee-denominated SENSEX futures to qualified Indian market participants.

"Exposure to emerging markets, particularly India, is now essential for institutional portfolio management and retail investors alike," said Kevin Davis, Chairman, USFE. "This agreement will provide the opportunity for US investors to gain exposure to India's unprecedented economic growth, expansion and investment performance. We are excited about this opportunity and pleased that the Bombay Stock Exchange has chosen to expand the distribution and availability of its SENSEX Index exclusively with USFE."

"SENSEX has been and continues to be the flagship index of the Indian capital market. Indeed, for millions of investors in India and overseas, it is synonymous with the Indian equity market and is viewed globally as a barometer of the performance of the economy," said Rajnikant Patel, Managing Director & CEO of BSE.

"The launch of a futures contract based on the SENSEX will facilitate overseas investors in taking exposure to the Indian equities. I am confident the listing of the dollar denominated SENSEX contract on USFE will elicit a very positive response from the international investing community," Mr. Patel added.

USFE's U.S. dollar-denominated SENSEX futures contract will trade 23 hours per day and settle monthly to the corresponding value of BSE's futures contract. The contract will have a notional value of 40,000 and a tick size of $5. Expected market participants include hedge funds and institutions, international mutual funds, and individuals seeking investments in Indian markets.

"The SENSEX futures product is an ideal fit for USFE's global distribution model and commitment to innovation," said Satish Nandapurkar, CEO of USFE. "USFE's listing of the SENSEX Index will provide U.S. market participants with direct access to pure Indian equities exposure through existing futures accounts."