Spice Communications Ltd has informed that the members at the 13th Annual General Meeting (AGM) of the Company held on June 03, 2008, inter alia, have accorded the following:

1. Adoption of the Audited Balance Sheet as at December 31, 2007 and the Profit & Loss Account for the year ended on that date along with the Directors Report and Auditors Report thereon.

2. Re-appointment of Dr. Shridhir Sariputta Hansa Wijayasuriya & Mr. Hetal Gandhi as Directors of the Company.

3. Re-appointment of M/s. BSR & Co., Chartered Accountants, as Statutory auditors of the Company to hold office from the conclusion of this Annual General Meeting to the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.

4. Appointment of Dr. Bhupendra Kumar Modi as a Director of the Company, liable to retire by rotation.

5. Authority to the Board for borrowing from time to time, any sum or sums of money(ies) which together with the money(ies) already borrowed by the Company (apart from temporary loans obtained or to be obtained from the Companys bankers in the ordinary course of business) may exceed the aggregate of the paid-up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided that the total amount of monies so borrowed shall not at any time exceed Rupees 40,000,000,000 (Rupees Forty Thousand Million only), subject to the necessary provisions & approvals.

Cyber Tech Systems and Software Ltd has informed that the Board of Directors of the Company at its meeting held on June 23, 2008, inter alia, has recommended equity dividend of Re 1 per share (10% on the nominal value of Rs 10 per share).

The market is trading under heavy selling pressure as profit booking continued in the selective scrips mainly led by the Metal, Capital Goods, Realty and Power stocks. However some buying witnessed in the IT stocks. The BSE Sensex is trading with a deep cut of nearly 2% and the NSE Nifty is hovering near the 4300 mark. The BSE Mid Cap and BSE Small Cap are facing the most selling pressure today and they both are trading with a cut of more than 3% reach.
The overall market breadth is negative 306 stocks are advancing while 2145 stocks are declining and the 42 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 224.87 points at 5,807.56 and the BSE small Cap slipped by 266.80 points to trade at 7,130.86.

At 12.30 pm, BSE Sensex was at 14,287.67 down by 283.62 points and Nifty was at 4,259.60 down by 87.95 points.

BSE IT index inclined by 17.09 points to trade at 4,221.71 as Satyam Computer (1.31%), HCL Technologies (0.68%), and Wipro (0.30%) are trading in green.

BSE Metal index dropped by 617.95 points to trade at 13,910.11. The major losers are Tata Steel (4.82%), Hindalco Industries (4.75%), Sterlite Industries (4.65%) and NALCO (3.66%).

BSE Capital goods index slipped by 510.67 points to 10,889.12. The main losers are ABB (4.85%), L&T (4.41%), Siemens (3.74%) and BHEL (3.40%).

BSE Realty decreased by 224.05 points to 5,159.76. Leading to its fall are Sobha Developers (6.16%), Unitech (5.42%), Omaxe (5.09%), Parsavnath (4.67%) and DLF (2.48%) are trading lower.

BSE Oil & Gas index was trading 284.62 points lower at 9,135.27 as Essar Oil (4.78%), RNRL (4.34%), Indian Oil (2.76%) and RPL (2.66%) are trading in red.

BSE Health Care Index is down by 119.47 points to 4,205.93. The main losers are Ranbaxy Lab. (5.41%), Pfizer (3.42%), Glenmark Pharma (3.20%) and Dr.Reddy (3.34%).

BSE Auto fell by 118.25 points to 3,924.61. Leading to its fall are Maruti Suzuki (4.44%), Mahindra & Mahindra (3.59%), Hero Honda (2.43%) and Tata Motors (1.90%).

BSE Power index decreased by 96.51 points to 2,443.33. The main losers are Suzlon Energy (4.84%), Tata Power (4.25%), Power Grid (2.92%) and NTPC (1.01%).

BSE Bankex index is trading lower by 164.95 points at 6,639.83. Losers are PNB (3.42%), SBI (2.48%), ICICI Bank (1.52%) and HDFC Bank (0.44%).

The rupee went up around the 43 mark against the dollar on June 19, led by a falling equity index and dollar buying by foreign banks. Regular dollar selling by nationalised banks helped prevent a sharp fall in the rupee. The domestic currency opened at 42.93 and closed at 42.96, against the previous close of 42.89. The forward premia went up, driven more by sentiment. The six month closed at 3.28 per cent (2.82 per cent) and the 12-month at 2.99 per cent (2.53 per cent).

PSL Ltd has informed that the Company has been able to grab yet another prestigious Contract for manufacture and supply of Carbon Steel Pipes of varying diameters ranging from 20 inches to 48 inches and thicknesses for a total length of approximately 470 Kms. The Contract has been awarded by Gail (India) Ltd the reputed Public Sector Company for its Vijaipur-Dadri-Bawana Pipe Line Project.

KSE Ltd has informed that a meeting of the Board of Directors of the Company will be held on June 30, 2008 to consider the accounts for the year ended March 31, 2008 and to recommend dividend, if any, for that year. Audited Financial Results of the Company for the 4th quarter / year ended March 31, 2008 will also be considered in the same meeting. The date of AGM and Book closure details will be intimated later.

Hi-Tech Gears Ltd has informed that the Board of Directors of the Company at its meeting held on June 07, 2008, inter alia, has recommended final dividend @ 30% i.e. Rs 3 per share on the paid up share capital of the Company subject to the approval of the members in the Annual General Meeting.

SPEL Semiconductor Ltd has informed that the audited financial results of the Company for the Financial Year 2007-08 will be published within a period of three months from the end of the said Financial Year.
In view of the above, unaudited financial results for the quarter ending March 31, 2008 will not be published by the Company.

Reliance Energy Ltd has informed that the Company on April 09, 2008 has bought-back 176,871 equity shares of the Company.
Since the commencement of the buy-back on March 25, 2008, the Company has so far bought back 20,38,551 equity shares aggregating Rs 250.75 crore.
The Board of Directors of the Company has approved buy-back of equity shares of the Company up to an aggregate amount of Rs 800 crore.

Engages in the discovery, development, production of natural resources and alternative energy. DSP Mutual Fund has collected Rs 265 crore through its DSP ML Natural Resources And New Energy Fund during its initial offer period from 3 March 2008 to 27 March 2008. DSP Merrill Lynch Natural Resources And New Energy Fund is an open-ended equity growth scheme. The primary investment objective of the scheme is to seek to generate capital appreciation and provide long term growth opportunities by investing in equity and equity related securities of companies domiciled in India whose pre-dominant economic activity is in the discovery, development, production, or distribution of natural resources, viz., energy, mining etc; alternative energy and energy technology sectors, with emphasis given to renewable energy, automotive and on-site power generation, energy storage and enabling energy technologies.