FII Activity On June 28,2007

The gross equity purchased was Rs.2106.30 (in crores), and the gross debt purchased was Rs 33.50(in crores). The gross equity sold was Rs.2576.80 (in crores), and the gross debt sold was 208.70(in crores). The net investment of equity was -470.50(in crores) and the net debt investment was Rs-175.20(in crores).

Videocon On A Diversification Spree

Venugopal Dhoot is on a diversification spree, after televisions and LCDs its now biotech. In the next two days Venugopal Dhoot will be floating Videocon Biotech Ltd by investing Rs 50 crore.Partners have already been identified in Thailand and France and the biotech park will come up in West Bengal.

We can make a medicinal/herbal hub for the Himalayas in Siliguri and India and Thailand have a treaty for technical assistance. I have met the Thailand Prime Minister for this. Its not a big investment but its strategic one. Its about human capital, said Venugopal N Dhoot, CMD, Videocon Group.

But Videocon is still focused on its core consumer electronics business. It has already tied up with Intel and may set up chip making facilities around the world. Component hubs in Poland and China for further developing the semiconductor business, said Dhoot.

Power is another hot area for Dhoot. Two coal based plants are underway in Tamil Nadu and Goa and he''s looking at a third plant in Gujarat of 1,200 MWs. Coal supply is being worked out as are mines in Indonesia and Australia for acquisition.

FII Activity On June 27,2007

The gross equity purchased was Rs.1666.40 (in crores), and the gross debt purchased was Rs 109.20(in crores).The gross equity sold was Rs.1966 (in crores), and the gross debt sold was 257.30(in crores). The net investment of equity was -299.60(in crores) and the net debt investment was Rs-148.10(in crores).

FII Activity On June 26,2007

The gross equity purchased was Rs.2884.40 (in crores), and the gross debt purchased was Rs 19.70(in crores). The gross equity sold was Rs.2386.70 (in crores), and the gross debt sold was nil. The net investment of equity was 497.70(in crores) and the net debt investment was Rs19.70(in crores).

ONGC Witnesses Rs 1,21,318cr Investment In 11th Plan

New Delhi: ONGC Group will infuse Rs 1,21,318 crore in the Eleventh Plan period (2007-12) compared with Rs 75,380 crore in the previous Plan period. ONGC Videsh Ltd (OVL) will invest Rs 45,334 crore in five years to 2012, compared with Rs 25,052 crore in the Tenth Plan. Group company MRPL will infuse Rs 8,316 crore compared with Rs 765 crore in the previous Plan. The exploratory efforts of ONGC led to 22 discoveries, out of which nine were new prospects and 13 were new pools. A total of 88 exploratory and 178 development wells were drilled in the fiscal. ONGC, which registered highest in-place reserves accretion in 11 years (in ONGC operated areas) of 169.52 million tonne of oil equivalent, is looking at in-place volumes of more than 100 mt from the nine discoveries and 13 new pools.

FII Activity On June 25,2007

The gross equity purchased was Rs.2314.10 (in crores), and the gross debt purchased was Rs 86.90(in crores). The gross equity sold was Rs.2235.90 (in crores), and the gross debt sold was 453.80(in crores). The net investment of equity was 78.20(in crores) and the net debt investment was Rs-366.90(in crores).

Kalyani Steels Enters inTo A Joint Venture Agreement With Gerdau S.A., Brazil

Kalyani Steels Ltd has informed that the Company has entered into a Joint Venture Agreement with Gerdau S.A., Brazil.As per the said agreement signed on June 22, 2007 both Companies will have an equity partnership of 45% each in SJK Steel Plant Ltd (SJK Steel), Tadipatri, District Anantapur, Andhra Pradesh. The remaining 10% will be owned by other investors.SJK Steel which was recently acquired by the Company is an integrated Alloy Steel Plant with an annual capacity of 275,000 TPA.The Gerdau Group is a Brazilian steel Company that is currently the 15th largest international steel producer. In 2006 it reported production of 15.6 million metric tons and gross revenue of R$ 27.5 billion. It has 32,000 employees and is present in twelve countries : Argentina, Brazil, Canada, Chile, Colombia, the United States, Spain, Mexico, Peru, Dominican Republic, Uruguay and Venezuela.

GlobalLogic To Invest USD 25 Mn In India; up Headcount

The US-based software product development company GlobalLogic plans to invest about 25 million dollars to set up new centres in India and will also raise its headcount as part of its expansion. We are focusing on India at present. We want to build more Centres of Excellence here and have decided to open one in south India, GlobalLogic Director (Marketing) Rohit Sharma said. Sharma said the company will also ramp up headcount at its development centres in Noida, Nagpur and Pune to 3,000 from the current 1,600 in this fiscal. For GlobalLogic, India is the most important product development destination as the country houses 1,600 of the total 1,800 people it employs worldwide. Having a cost advantage of 60 per cent over other destinations like the US, the company''s expansion on product delivery is going to take place mostly from India, he said.

Varun Shipping Acquires VLCC

Mumbai: Varun Shipping has bought a Very Large Crude Carrier (VLCC), which is claimed to be India''s largest LPG carrier. With this take over, Varun Shipping now owns nearly 80% of the total LPG tonnage at present operating under Indian flag. The take over was financed partly out of the company''s own resources and partly out of a long-term loan from ICICI Bank.

Finolex Ind To Ink Pact With Tishman Speyer

Pune: Finolex Industries Ltd (FIL) is close to signing a agreement with Tishman Speyer India Ventures, a company engaged in real estate development, for the sale of its land in Chinchwad, near Pune, which currently houses one of its PVC pipe manufacturing facility. To pave the way for the impending pact, the PVC pipe manufacturing plant that currently stands on the 78-acre plot will be moved to the company''s existing plant at Ratnagiri. FIL is also adding capacity by setting up another greenfield facility to manufacture pipes at Urse. FIL will move its Chinchwad plant, lock, stock and barrel to its 1000-acre plot in Ratnagiri where it is already producing nearly 60,000 tonnes of pipes annually, in addition to PVC resin. A second greenfield plant is also being put up Urse, where the company has procured a 20-acre plot of land recently adjacent to the Finolex Cables plant. Tishman Speyer Properties, a leading owner, developer and operator in the real estate sector has developed properties across the world including New York icons Chrysler Building and the Rockefeller Centre.

FII Activity On June 21,2007

The gross equity purchased was Rs.2463.10 (in crores), and the gross debt purchased was Rs 19.50(in crores).The gross equity sold was Rs.1810 (in crores), and the gross debt sold was nil. The net investment of equity was 653.10(in crores) and the net debt investment was Rs19.50(in crores).

FII Activity on June 20,2007

The gross equity purchased was Rs.2463.10 (in crores), and the gross debt purchased was Rs 19.50(in crores).The gross equity sold was Rs.1810 (in crores), and the gross debt sold was nil. The net investment of equity was 653.10(in crores) and the net debt investment was Rs19.50(in crores).

FII Activity on June 19,2007

The gross equity purchased was Rs.1587.50 (in crores), and the gross debt purchased was nil. The gross equity sold was Rs.1616.40 (in crores), and the gross debt sold was nil. The net investment of equity was -28.90(in crores) and the net debt investment was nil.

HCL Tech inks $15mn deal with Alenia Aeronautica

New Delhi: HCL Technologies has declared a $15-million contract with Alenia Aeronautica to offer engineering services that would support the improvement of the C-27J Spartan production line. Under the terms of the deal, HCL Technologies will convert most of the existing structural design material of the C-27J program into electronic format, migrate it into a product lifecycle management (PLM) system and will carry out most of the engineering activities that have been planned to support the industrial improvement of the aircraft production line. This deal represents a first move into a potential growing cooperation between Alenia Aeronautica, comprising its subsidiaries Alenia SIA and Quadrics, and HCL and also reinforces Alenia Aeronautica''s interest in the Indian aerospace & defence industry.

NTPC looking at tie up with ABB

New Delhi: Power major NTPC Ltd is eyeing at getting into alliance with ABB for its entry into power generation from renewables, particularly the wind energy sector. The company is in negotiations with ABBand a tie-up could be on the anvil. NTPC has lined up plans to infuse Rs 6,000 crore for establishing 1,000 MW of renewable energy capacity over the next ten years. The company plans to infuse a bulk of its renewable energy resources and has already marked a foray, the key thrust area would be wind energy.

ABB is one of the world''s largest independent suppliers of internal components, controls and grid connections for wind-generated power projects. The company''s product mix for wind turbines comprises generators, converters, transformers, switchgear, low voltage products, motors and cables. NTPC is likely to go in for onshore wind power projects in the first phase, with the possibility of offshore wind farms hoped to be looked at subsequently.

M&M to infuse Rs 100cr in Punjab''s IT sector

Ludhiana; The $4.5-billion Mahindra Group on June 19, said it will infuse Rs 100 crore in the IT sector in Punjab, besides tapping its agri potential by taking up potato seed development in the state. Tech Mahindra Ltd, which provides IT solutions, will infuse Rs 100 crore in the Rajiv Gandhi Technology Park for IT development in Punjab and will offer 3,000 jobs to the people. The group was keen to develop potato seed in Ludhiana, Jalandhar and Nawanshahar. The company will give technical know-how and extension services to the farmers for producing high quality potato seed.Mahindra Group has also asked the Punjab government for establishing a university in Chandigarh in line with its objective of setting up a Mahindra University.

GTL inks BPO leasing deal with ICICI, Spanco

New Delhi: ICICI Bank has forayed into a pact with networking solutions provider GTL Ltd to lease out its call centre facility at Mahape for a period of 25 years. The infrastructure-leasing agreement is valued at around Rs 100 crore and is hoped to be formally declared on June 20. While ICICI Bank will get access to a ready-made, fully furnished call centre spread over 1,20,000 sq ft, the deal is hoped to give recurring cash inflow to GTL, to the tune of Rs 5 crore per year. The unit is also equipped with data centres, access to international telecom carriers for connecting on redundant fibre routes, power back up facilities for uninterrupted availability.

FII Activity on June 18,2007

The gross equity purchased was Rs.1982.70 (in crores), and the gross debt purchased was 57.90(in crores).The gross equity sold was Rs.1995.70 (in crores), and the gross debt sold was 57.80(in crores). The net investment of equity was -13(in crores) and the net debt investment was Rs 0.10(in crores).

Genpact acquires Axis Risk Consulting

New Delhi: Genpact, the country''s largest business process outsourcing firm, on June 18, declared the acquisition of Axis Risk Consulting, a risk consulting firm, for an undisclosed sum. With this acquisition, it will add 80 clients based across India, North America, Europe and Asia. Earlier in March, the company purchased European SAP service provider ICE Enterprise Solutions for an undisclosed amount. Axis will enable Genpact to expand its finance and accounting solutions portfolio. Axis will operate as an independent unit of Genpact within its governance practice.

Wipro to take over German firm

Mumbai: Wipro Technologies, an information technology and outsourcing company, to take over the IT arm of a major company in Germany. The company has initiated negotiations with potential targets in Germany, even though the names were kept under wraps. All major companies BMW, Lufthansa, BASF and Siemens have captive IT organisations in Germany. The Bangalore-based company is increasing its presence in Germany and is looking at both organic and inorganic growth in the country. The company is eyeing at increasing its presence in enterprise resource planning (ERP) solutions, captive customer base and data centre applications. Earlier, Wipro had stated that company would look at take over in Europe, especially in the UK, Germany and France. A strong presence in Germany will enable Wipro to tap the biggest ERP market in the world and enable it to tap one of the virgin markets for outsourcing of IT services.

Cranes Software acquires Dunn Solutions, Tilak AutoTech

Bangalore: Cranes Software International Ltd has purchased the US-based Dunn Solutions Group (DSG) and the Pune-based Tilak AutoTech (TAT) in Rs 70 crore deal. DSG, a technology consultancy with expertise in intellectual properties (IPs)/products in enterprise analytics, concentrated on business intelligence (BI), and enterprise level knowledge management, was bought for Rs 60 crore. Whereas, TAT concentrated on automotive embedded products and solutions for development of embedded engine control modules was acquired for Rs 10 crore.

Cranes Software near to acquire Proland

Bangalore: Treading its business philosophy of buy out, enhance and expand, Cranes Software International Ltd is close to purchasing out the Bangalore-based anti-virus software maker Proland Software. Cranes was in advanced stages of talks with Proland Software for a complete buy-out. The proprietary firm Proland Software has been in the business of designing, developing and supporting anti-virus software products for over 15 years.

FII Activity on June 14,2007

The gross equity purchased was Rs.1732.90 (in crores), and the gross debt purchased was Rs nil. The gross equity sold was Rs.2040.70 (in crores), and the gross debt sold was nil. The net investment of equity was -307.80(in crores) and the net debt investment was Rs nil.

FII Activity on 13 June,2007

The gross equity purchased was Rs.2173.20 (in crores), and the gross debt purchased was Rs nil. The gross equity sold was Rs.1628 (in crores), and the gross debt sold was nil. The net investment of equity was 545.20(in crores) and the net debt investment was nil.

Voltas - FIIs Investments under Portfolio Investment Scheme

Voltas Ltd has informed that based on the downloads received from NSDL / CDSL as of June 01, 2007, the aggregate shareholding of the FIIs under the Portfolio Investment Scheme (PIS) was 29.96% of the paid-up capital of the Company as against a limit of 30% earlier fixed by the Company with the approval of the Shareholders. Further the Company has informed that, as per the latest download as of June 08, 2007, the aggregate shareholding of FIIs has crossed the limit of 30% and is 30.31% of the paid-up capital of the Company.

FII Activity on 12 June,2007

The gross equity purchased was Rs.2136.60 (in crores), and the gross debt purchased was Rs nil. The gross equity sold was Rs.2191.10 (in crores), and the gross debt sold was nil.. The net investment of equity was -54.50(in crores) and the net debt investment was Rs13.70(in crores).

Patni Computer forges alliance with UK company

Patni Computer Systems Ltd, leading IT service provider, has forged an alliance with Clear Technology Ltd of UK, a software solutions provider for insurance and financial services industries. Under the partnership agreement, Patni will provide process consulting and system integration services to Clear. This will support Clear Technology Ltd in its efforts to fully capitalise on growing demand for its insurance and financial services solutions. Through Clear, the Indian firm will get an entry into Clears portfolio of blue-chip insurance sector clients and the UK financial services industry.

FII Activity on June11,2007

The gross equity purchased was Rs.2694.80(in crores), and the gross debt purchased was 8.10(in crores).The gross equity sold was Rs.3631 (in crores), and the gross debt sold was 25.70(in crores). The net investment of equity was -936.20(in crores) and the net debt investment was Rs--17.60(in crores).

Strides Arcolab completes acquisition of Indian Domestic Pharma Company - Grandix Pharmaceuticals Ltd

Strides Arcolab Ltd on June 11, 2007 has announced that it has signed a definitive agreement to acquire 100% of Grandix Pharmaceuticals Ltd and its subsidiary Grandix Laboratories Ltd on a cash and debt free basis valuing 100% of the Company at Rs 100 crores (Approximately USD 24 million].The transaction is accretive to Strides EPS and offers a platform to grow a domestic strategy by infusing a robust Strides pipeline.Pricewaterhouse Coopers acted as an independent valuer of the transaction.- Grandix is a branded pharmaceutical Company mainly focused on the South of India.- For the FY 2006, Grandix posted sales of Rs 48.50 crores (US $ 11.80 million) and EBITDA of Rs 10.89 crores (US $ 2.60 million)- 22%.

FII Activity on June8,2007

The gross equity purchased was Rs.1646.10 (in crores), and the gross debt purchased was 39.60(in crores).The gross equity sold was Rs.1869 (in crores), and the gross debt sold was 210.30(in crores). The net investment of equity was -222.90(in crores) and the net debt investment was Rs-170.70(in crores).

FII Activity on June7,2007

The gross equity purchased was Rs.2327.30 (in crores), and the gross debt purchased was 9.90(in crores).The gross equity sold was Rs.2397.30 (in crores), and the gross debt sold was nil. The net investment of equity was-69.60(in crores) and the net debt investment was Rs9.90(in crores).

FII Activity on June 6,2007

The gross equity purchased was Rs.2118.70 (in crores), and the gross debt purchased was Rs nil. The gross equity sold was Rs.2156.50 (in crores), and the gross debt sold was nil. The net investment of equity was -37.80(in crores) and the net debt investment was nil.

Nokia gets BSNL contract

New Delhi: Nokia Siemens Networks has secured part of a 6-million line contract from Bharat Sanchar Nigam Ltd (BSNL) for establishing broadband infrastructure. The project envisages establishing broadband services across 283 cities in 17 States. Equipment vendor UTStarcom has also bagged a major chunk of this project. BSNL will give a total of six million new copper based connections with the possibility of three million more over the next three years. Subscribers will get multimedia services such as high-speed Internet, IPTV, games and video on demand. Training for BSNL''s technicians and annual maintenance will be supported for five years.

GAIL Accords To Invest Rs 500cr in Dabhol

NEW DELHI: State-run gas utility GAIL (India) Ltd has accorded to invest an additional Rs 500 crore into Ratnagiri Gas and Power Pvt Ltd to enable the owner of the beleaguered Dabhol plant to clear pending dues of contractors. The GAIL Board has approved investment of additional funds to enable RGPPL to pay Punj Lloyd and its British partner Whessoe, the contractors for completing the unfinished LNG terminal adjacent to the plant. The board had earlier objected to GAIL, a promoter of RGPPL, lending Rs 500 crore to RGPPL on grounds that a public sector firm can only give loan to a sister PSU or a rated firm - RGPPL lacking both the qualification.

Rolta To set Up IT Park In Kolkata

Rolta India Ltd has announced the setting up of an Information Technology Park at Kolkata as part of its expansion plan. This IT park will have facilities for delivery of Information Technology based GeoSpatial services, Engineering Design services, Software Development and ERP implementation services worldwide. This facility will be set-up in phases with an investment of about Rs 2,500 million. Once completed this facility will provide an employment opportunity for about 5000 technical professionals and domain experts from talent available largely in West Bengal.Speaking on the occasion Dr. Debesh Das, the Honble IT Minister, Government of West Bengal said that Rolta is globally famous for their GeoSpatial and Engineering Design services. We are happy that Rolta is setting up a High Tech facility, which would provide employment opportunities to technical talents in the State. West Bengal Government has already allotted the requisite land to Rolta.Mr. Kamal K. Singh Chairman and Managing Director of Rolta group stated that, this facility being set-up in Kolkata is part of Roltas expansion plans to grow manifold in the coming years, requiring additional infrastructure and talent pool of over 15,000 technical professionals. This new facility, being set-up for the first time outside of Mumbai, will help us in meeting the growing demand of our services for global markets. We appreciate the initiatives taken by the department of Information Technology West Bengal, for inviting us to set-up this facility in Kolkata.

FII Activity On June 5,2007

The gross equity purchased was Rs.2531.20 (in crores), and the gross debt purchased was Rs nil. The gross equity sold was Rs.2048.80 (in crores), and the gross debt sold was nil.. The net investment of equity was 482.40(in crores) and the net debt investment was nil.

Mahindra Gesco - Investment By FIIs In The Shares Of The Company

Mahindra Gesco Developers Ltd has informed that as per the latest download of beneficiary positions made available to the Company by the Depositories (NSDL & CDSL), as of June 01, 2007, the holdings of FIIs in the Company has reached 27.5545% of the paid-up equity capital.

FII Activity On June 4,2007

The gross equity purchased was Rs.2531.20(in crores), and the gross debt purchased was Rs nil. The gross equity sold was Rs.2048.80 (in crores), and the gross debt sold was nil. The net investment of equity was 482.40(in crores) and the net debt investment was nil.

TNPL To Invest Rs 680Cr For Capacity Expansion

Chennai: Tamil Nadu Newsprint and Papers Ltd will expand its capacity at an investment of Rs 680 crore that will take its printing and writing paper output to 3.65 lakh tonnes a year from the present 2.3 lakh tonnes. The plan envisages an increase in pulp production to 800 tonnes-a-day from the current 520 tonnes and an annual 15,000-tonne addition in printing and writing paper production capacity. TNPL will have enough raw material capacity to add a third paper machine to its existing two lines. The project, Mill Capacity Expansion, is being finalized. The company plans to bring in Rs 180 crore via internal generation and Rs 500 crore via borrowings. This expanded capacity will be in place by September 2009. The company had declared plans to establish a 400-tonne-a-day cement plant at a cost of Rs 45 crore using the lime sludge waste from the mill and fly ash from the captive power plant.

FII Activity On June 1,2007

The gross equity purchased was Rs.3381.10 (in crores), and the gross debt purchased was Rs nil. The gross equity sold was Rs.3070.70(in crores), and the gross debt sold was nil. The net investment of equity was 310.40(in crores) and the net debt investment was Rs nil

Sintex Industries - Acquisition Of US Based Wausaukee Composites Inc

Sintex Industries Ltd has informed that a meeting of the Committee of the Board of Directors of the Company held on May 31, 2007 has approved acquisition of 81% of the shareholding of Wausaukee Composites Inc (WCI), a company organized under the laws of the State of Wisconsin, USA by the Company. The Company has acquired 81% of the shareholding of WCI in the first tranche and the balance shareholding subsequently. The acquisition of the shares of WCI by the Company is undertaken by the Companys step down subsidiary Sintex Holding USA, Inc.

Kingfisher buys 26% In Deccan Aviation

King of good times Vijay Mallaya has acquired 26 per cent stake in India''s first low cost carrier Deccan Aviation at Rs 550 crore.UB Group has paid an advance of Rs 150 crore and the balance will be paid in next four months. The Group has offered to pay at Rs 155 per share for a total of 3.5 million shares.

The 26 per cent stake has been offered through allotment of new preference shares. None of the promoters has sold their shares, said Captain GR Gopinath, MD, Air Deccan.The Deccan Aviation Board has approved Air Deccan to allow UB Group to invest 26 per cent in the low cost airline.

In the interest of the long-term view, the synergy with Kingfisher will make enormous benefit for the company, said Captain Gopinath.We will continue to be the low cost business model. We will continue to operate as an independent entity, added Gopinath.