FII Activity On Jan 29, 2007

The gross equity purchased was Rs.3783.70 (in crores),and the gross debt purchased was nil. The gross equity sold was Rs.3642.70 (in crores), and the gross debt sold was 1006.70(in crores).The net investment of equity was 141(in crores),and the net debt investment was Rs-1,006.70(in crores).

Himatsingka Seide Acquires 70% Stake In Italian Luxury Brand, Bellora

Himatsingka Seide Ltd has announced that the Company has entered into definitive agreements to acquire a 70% equity stake in Giuseppe Bellora SpA, Italy. The transaction is expected to be completed in February 2007.Established in 1883, the Bellora brand is a pan European luxury brand in the Bed Linen segment. Apart from exclusive stores in Italy and other parts of Europe such as Spain, Portugal, Switzerland, Germany and France, the brand has a presence in up market departmental stores, the likes of Harrods, London, La Rinascente, Milan, Bonne Marche, Paris among several others. During 2006, Bellora generated revenues of about Euros 29 Million.This acquisition is in line with the Companys strategy to acquire high end distribution networks in the global home textile segment.Additionally, the Company is investing Rs 400 crores in a setting up a integrated bed linen manufacturing facility located at the Special Economic Zone (SEZ) in Hassan, Karnataka. Trial production at the new facility is likely to commence in February 2007 with commercial production soon thereafter.

Tata Power Signs MoU With Government Of Chhattisgarh For 1000 MW Mega Power Project

Tata Power Company Ltd on January 24, 2007 has announced that the Company has signed a MoU with the Government of Chhattisgarh for the setting up of a 1000 MW coal fired mega power plant in the State. The project is estimated to entail an investment of Rs 5000 crores and will require approximately 1200-1300 acres of land. On the basis of preliminary feasibility study, a suitable site in the Raigarh district of the State has been identified. The Company is now in the process of carrying out a detailed feasibility study for the project.The Government of Chhattisgarh has actively sought private sector participation towards improving infrastructure and taking substantial initiatives towards economic progress of its people on the back of inherent natural advantages of the State. To this end, the State has sought to provide comprehensive cooperation to Tata Power in acquiring necessary clearances and approvals that fall under the purview of State Government and also facilitate the allotment of captive coal mining facilities for necessary coal linkages. The power from this Independent Power Project will be sold substantially to distribution Companies in the aforesaid region.

FII Activity On Jan 23, 2007

The gross equity purchased was Rs.2236.20 (in crores), and the gross debt purchased was nil The gross equity sold was Rs.1916.40 (in crores), and the gross debt sold was nil The net investment of equity was 319.80(in crores) and the net debt investment was nil.

FII Activity On Jan 22, 2007

The gross equity purchased was Rs.2106.10(in crores), and the gross debt purchased was nil The gross equity sold was Rs.2029.30 (in crores), and the gross debt sold was nil. The net investment of equity was 76.80 and the net debt investment was nil.

Adlabs Films Completes Process Of Acquiring Majority Stake In Synergy Communications

Adlabs Films Ltd has announced that the Company has completed the process of acquiring a controlling stake in Synergy Communications, the premier television content Company headed by Siddhartha Basu. The new entity will be called Synergy Adlabs Ltd. subject to regulatory approval.The Company strategy and business operations would be led by Siddhartha Basu, Chairman andManaging Director. The Synergy Adlabs Board consisting of Siddhartha and Anita Kaul Basu, has been strengthened by the addition of: Pooja Shetty, Whotetime Director Adlabs Films, Anil Arjun, Senior Vice President Reliance Capital and Venkat Devarajan, CFO, Adlabs Films. The valuation is subject of confidentiality provisions.Synergy Adlabs is envisaged to contribute sizeable revenues to the overall revenue pie of Adlabs Films by March 2008. The intention is to enhance Synergys production operations and scale up content to include high-quality popular fiction, youth-based shows, non-fiction content (including reality and lifestyle shows) and international content.Synergy Communications, headed by Siddhartha Basu, a leading personality in the television and content space for several years, has done over 30 televised series and produced over 2000 hours of content. The Company has produced other several popular shows like Jhalak Dikkhla Jaa, Indias Child Genius, Mastermind India, Mum Tum Aur Hum, Kamzor Kadi Kaun, University Challenge, Jaane Kya Tune Kahi and Aao Guess Karen. In addition Synergy has organized live shows like the Channel (V) Awards 97-98 and several quizzes. Currently they also have Bluff Master, a unique gameshow on Star One on air. Kaun Banega Crorepati, the much-awaited popular gameshow being hosted by Shahrukh Khan, premiering on Star Plus on January 22nd will be a Synergy Adlabs production.

FII Activity On Jan 19,2007

The gross equity purchased was Rs.2531.70(in crores), and the gross debt purchased was Rs 14.90(in crores). The gross equity sold was Rs.2419.80 (in crores), and the gross debt sold was nil. The net investment of equity was 111.90(in crores) and the net debt investment was Rs14.90(in crores).

FII Activity On Jan 18,2007

The gross equity purchased was Rs.1716.50(in crores), and the gross debt purchased was Rs 49.70 (in crores). The gross equity sold was Rs.1625.30 (in crores), and the gross debt sold was 27.20(in crores). The net investment of equity was 91.20(in crores) and the net debt investment was Rs22.50(in crores).

FII Activity On Jan 17, 2007

The gross equity purchased was Rs.1787 (in crores), and the gross debt purchased was Rs 25.10(in crores). The gross equity sold was Rs.1685.70 (in crores), and the gross debt sold was 225.40(in crores). The net investment of equity was -101.30(in crores)and the net debt investment was Rs-200.30(in crores).

FII Activity On Jan 16,2007

The gross equity purchased was Rs.2610.70 (in crores), and the gross debt purchased was nil The gross equity sold was Rs.2849.60 (in crores), and the gross debt sold was nil. The net investment of equity was-238.90,and the net debt investment was nil.

FII Activity on Jan 15, 2007

The gross equity purchased was Rs2633.10 (in crores), and the gross debt purchased was nil. The gross equity sold was Rs.2426.10 (in crores), and the gross debt sold was nil. The net investment of equity was 207(in crores) and the net debt investment was nil.

SREI Infrastructure Enters Into Strategic Partnership With EBRD

SREI Infrastructure Finance Ltd has announced that the Company will shortly enter into a strategic partnership with the European Bank for Reconstruction and Development (EBRD), one of the worlds leading international financial institutions.The strategic partnership comprises an investment by the EBRD in the equity of SREI Russia and extension of credit lines to support the business of the overseas Company.This will be the first direct project of the EBRD with an Indian Company and its association is likely to pack a punch to the growing involvement of SREIs foray into the construction equipment leasing sector in Russia. SREIs growth graph is well known given its strong linkages and relationships with the multilateral financial institutions, vendors and its successful experience in India.Having set up its operation is Russia in the latter half of 2005, the Company has chalked out plans to scale up businesses by rapidly entering the strategic infrastructure space in the region which today is experiencing a boom.SREIs immediate plan would be to extend its presence from Moscow to St Petersburg and other regions in Russia. The Company has recently diversified successfully into the growing oil and gas sector by structuring and financing work-over rigs which will be deployed in West Siberia.The EBRD, owned by 61 countries and two intergovernmental institutions, aims to foster the transition from centrally planned to market economies in countries from Central Europe to Central Asia.

FII Activity On Jan 11, 2007

The gross equity purchased was Rs.1752(in crores), and the gross debt purchased was nil . The gross equity sold was Rs.2858 (in crores), and the gross debt sold was 4.70(in crores). The net investment of equity was -1106.80 and the net debt investment was Rs-4.70(in crores).

FII Activity on Jan 09, 2007

The gross equity purchased was Rs.1385.30 (in crores), and the gross debt purchased was nil. The gross equity sold was Rs.4461 (in crores), and the gross debt sold was 170.10 (in crores). The net investment of equity was-3075.70 and the net debt investment was Rs -170.10 (in crores).

FII Activity On Jan 9,2007

The gross equity purchased was Rs. 1,385.30 (in crores), and the gross debt purchased was nil. The gross equity sold was Rs.4,461.00(in crores), and the gross debt sold was 170.10 (in crores). The net investment of equity was-3,075.70(in crores), and the net debt investment was Rs-170.10(in crores).

FII Activity Jan 08,2007

The gross equity purchased was Rs.2,794.70 (in crores), and the gross debt purchased was Rs 326.60 (in crores). The gross equity sold was Rs.2,793.80 (in crores), and the gross debt sold was 504.60(in crores). The net investment of equity was nil, and the net debt investment was Rs-178.00 (in crores).

Centre Increases Investment Limit For High-tech IT Projects

New Delhi: The finance ministry has decided that semiconductor fabrication plants and manufacturers of other hi-tech information technology products will have to infuse a minimum of Rs 2,500 crore to avail of government incentives. It had earlier planned to peg the minimum investment for semiconductor fabrication projects at Rs 2,500 crore and Rs 1,000 crore for manufacturers of other hi-tech IT products. The finance ministry has also supported the Cabinet note, on giving fiscal incentive equal to 25% of the capital expenditure incurred during the first 10 years of a project. It has been proposed that this would be in the form of investment grant, tax benefit and interest subsidy, valued at 15% of the capital expenditure.The government is also working on extending the fiscal incentive package to hi-tech IT products'' manufacturers in the software technology parks of India (STPIs) by 10 years from the current limit up to March 2010. If the government considers North Block''s proposal, then this will be in line with its previous decision to give fiscal sops to high-technology IT products along with semiconductor units to be set up in the IT special economic zones. While the draft Cabinet note also talks about a few other IT products along with semi conductors for grant of fiscal incentives, it has now been suggested to review the hi-tech sector and make this list exhaustive to comprise all other existing and developing IT-related products.

Leela Ventures To Joins Hand With Kempinski

After planning a solo international entry, hospitality major Hotel Leela Ventures has now decided on co-branding with its long standing partner Kempinski for the global operations. This could see Leela and Kempenski working on a royalty deal for the first time. Leela Ventures international entry will use the Kempinski brand. Leela is working on overseas ventures in Dubai, Abu Dhabi and in Mauritius via contract management route. Currently, Leela, which has a strategic marketing and sales tie-up with Kempinski, for its domestic properties pays out an annual transaction fee, which is estimated at around 0.9%. The Kempinski brand will basically help it in having many consortia contracting advantages like a much stronger sales & distribution network and better operational assistance.

The Kempenski name will be extended to all the upcoming projects in Delhi, Udaipur, Chennai, Hyderabad and Pune. Currently except The Leela-Goa, which is associated with General Hotel Management (GHM) Kempenski name is associated with all the three Leela properties in Mumbai, Bangalore and Kerala. Chennai property will be unveiled in 2008. The Leela Palace Kempinski Hyderabad and Pune will open in 2009. Hotel Leela Ventures will also become a member of Global Hotel Alliance (GHA), which will further help in generating more business with wider market reach globally. Kempinski is also a GHA member.

ORG Informatics Picks Up 100% Stake In DGIT Solutions

ORG Informatics Ltd has informed that the Company has acquired 100% stake in DGIT Solutions Pte. Ltd., Singapore thus making it as wholly owned subsidiary of the Company.

Further the Company has informed that, the Company is going to have one Extra Ordinary General Meeting (EGM) on February 05, 2007, to consider one more acquisition a part of which is to be settled through issuance of fresh equity in the Company.

Besides above said two acquisition one more acquisition is in process.

Setco Automotive Buys Manufacturing Facility In USA

Setco Automotive Ltd has informed that the Companys subsidiary — Setco Automotive NA Inc. has acquired an auto component manufacturing unit of Haldex Corporation, USA, situated at Paris, Tennessee for a total price consideration of USD 4.9 million on December 28, 2006.

FII Activity

The gross equity purchased was Rs.1,488.50 (in crores), and the gross debt purchased was Nil. The gross equity sold was Rs.1,156.70 (in crores), and the gross debt sold was Nil. The net investment of equity was Rs.331.80 (in crores), and the net debt investment was Nil.

Jet Airways Executes Purchase Agreement With The Boeing Company, USA

Jet Airways India Ltd has informed that in order to maintain and expand the Companys international operations using wide-body aircraft and to deploy the most modern and economically efficient aircraft, the Company has executed a Purchase Agreement with The Boeing Company, USA, for the acquisition of 10 Boeing 787-8 series aircraft for deliveries between July 2011 and December 2012, subject to requisite regulatory approvals.

Under the Purchase Agreement the Company also has the option to substitute other models of Boeing aircraft.

The Company begins taking delivery of the B777-300ER and A330-200 aircraft ordered in September and October 2005 respectively, in March-April 2007.

McNally Bharat Wins Order From Utkal Alumina International

McNally Bharat Engineering Company Ltd has informed that the Company has received an order for supply, erection & commissioning of 2 Units of Evaporation Plant for Alumina Refinery Project at Doraguda, Rayagada, Orissa from Utkal Alumina International Ltd valued at Rs 92.31 crores.

Ess Dee Aluminium Gets Order

Ess Dee Aluminium Ltd has informed that the Company has been rated L1 in the annual reverse auction by Glaxo SmithKline Pharmaceuticals Ltd for procurement of 800 Metric Tonne of Aluminium foil for pharmaceutical packaging for the calendar year 2007.