Announcements

• National Aluminium Company, Nalco has declared its standalone results for the quarter ended March 2008 (Q4). The company's standalone net sales stood at Rs 1,405.7 crore versus Rs 1,566.8 crore on YoY basis.During the same quarter its standalone net profit was at Rs 409.06 crore versus Rs 590.8 crore on YoY basis.
• 3i Infotech, IT solutions firm, has bought 100 per cent stake in US-based payment processing firm, Regulus Group. 3i Infotech has decided to pay a fixed consideration of $80 million for the buy out.
• IFCI Q4Loss of Rs 42.5 cr vs profit of Rs 668 crIncome at Rs 447 cr vs Rs 1053 crWrite-off for bad debts at Rs 378 cr vs Rs 111 crRs 416 cr receivable from Govt written off.
• Mercator Lines Limited has informed the Exchange vide its letter dated April 29, 2008 that : "The committee of Board of Directors of the Company in its meeting held today, interalia has approved allotment of 3,65,562 equity shares of Re. 1/- each in lieu of surrender of Foreign Currency Convertible Bonds (FCCB's) aggregating USD 500,000/- from bond holders; at a conversion price of Rs. 59/812. Consequently, the paid up capital of the company has increased to 23,52,60,949 equity shares of Re.1/- each. With this conversion, now there are 800 FCCB's Outstanding of aggregate amount of USD 8,000,000/-".
• Puravankara Projects has announced its fourth quarter and FY08 results. The company's FY08 consolidated net sales are up at Rs 565.81 crore from Rs 416.85 crore.
  Its FY08 consolidated net profit was up at Rs 240.05 crore versus Rs 129.10 crore.
  Its Q4 consolidated net sales were up at Rs 546.9 crore from Rs 140.95 crore.
  Its Q4 consolidated net profit was up at Rs 72.71 crore from Rs 46.48 crore.
• Hindustan Construction Company (HCC), has bagged a contract worth Rs 300 crore from Gurgaon-based Lanco Infratech, for execution of all civil works for Teesta Hydroelectric Project.
• Everonn System has announced it's Q4 results. Its net profit was at Rs 6.8 crore vs Rs 4 crore (QoQ). Its net sales was at Rs 30.5 croe vs Rs 29 crore (QoQ).
• Bank of India has announced its 08 results. Its standalone NII were at Rs 4,229.3 croe versus Rs 3,440.5 crore (YoY). Standalone net profit was at Rs 2,009.4 crore versus Rs 1,123.2 crore (YoY).Its other income stood at Rs 653.3 crore versus Rs 576.7 crore.
  Its Q4FY08 net interest income was up 25.71% from Rs 967.95 crore to Rs 1216.85 crore
• Polaris Software has entered into a unique partnership with the University of Western Sydney that will contribute to local capacity building and help address the issue of IT skill shortages in Australia.
• Veracode Inc., the leading provider of on-demand application security testing solutions, today announced that the company has entered into a strategic partnership with Tech Mahindra Limited and this will give Tech M access to a unique, on demand application security technology, which allows the company to further strengthen its application security capability as they expand into new market.
• Reliance Communication has announced its FY08 results. The company's consolidated FY08 net profit was at Rs 5401.1 crore versus Rs 3526.4 crore
  Its consolidated net sales were up at Rs 18,827.4 crore from Rs 17,190.4 crore.
  Its MTM loss of Rs 25 crore (Lower Than Mkt Expectations).
  FY08Q4
  Its consolidated net profit at Rs 1502.8 crore
  Its standalone net profit was up 9.5% at Rs 1502.8 crore from Rs 1372.8 crore QoQ.
  The company's standalone revenues up 8.9% at Rs 5311.3 crore from Rs 4874 crore, QoQ.
  Its MTM Loss of Rs 8 crore.
• HDFC has declared its fourth quarter results. Its Q4 net profit was up 39.62% from Rs 550.5 crore to Rs 768 crore. It includes one time gain of Rs 202 crore.
  Its FY08 net profit was at Rs 2436 crore.
• Reliance Communications Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2008 as follows: Net Sales of Rs. 1341619 lacs for year ending on 31-MAR-2008. Net Profit / (Loss) of Rs. 258645 lacs for the year ending on 31-MAR-2008.
• Housing Development Finance Corporation Ltd. has informed the Exchange that the Board of Directors at its meeting held on April 30, 2008 has recommended a dividend of Rs. 25 per equity share for the financial year 2007-08 (Rs. 22.00 per equity share for the previous year).
• Bank Of Maharashtra has informed the Exchange that the Board of Directors of the Bank at its meeting held on April 30, 2008 has recommended dividend of 20% for the year ended March 31, 2008.
• Bank of Maharashtra has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2008 as follows: Interest earned of Rs. 354059 lacs for the year ending on 31-MAR-2008 against Rs. 272208 lacs for the year ending on 31-MAR-2007. Interest expended of Rs. 231161 lacs for the year ending on 31-MAR-2008 against Rs. 162767 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 32976 lacs for the year ending on 31-MAR-2008 against Rs. 27289 lacs for the year ending on 31-MAR-2007.