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Electrosteel splits equity shares

Kolkata, Sep 3 (UNI) Shareholders of Electrosteel Castings Limited today approved sub-division of each equity share of the nominal value of Rs ten each into Re one at the company's annual general meeting here.

With the split, the total number of equity shares would be 207637480, company sources said.

The Board of Directors of the company had earlier approved the split of the Board meeting held on July 23 last.

UNI

Hyundai registers steady growth

Chennai, Sep 3: Hyundai Motors, one of the leading car manufacturers in India has registered a steady increase in sales, selling 28,394 cars, domestic and exports combined, in August 2007 as against 26,374 sold in August 2006. According to a company release here today, the domestic sales in August 2007 accounted for 16,138 units, while 12,256 units were exported as against 10,273 units last year, marking a 19.3 per cent rise in exports. The overall sales recorded a growth of 7.7.....

XL Telecom and Energy earns Rs5.23 billion revenue

Hyderabad, Sep 3 (UNI) XL Telecom and Energy Limited, with focus in Telecom and Energy sectors, reported a revenue of Rs 5.23 billion for the year ending June 30, 2007 and a net profit of Rs 201.77 million for the same period. The Telecom segment contributed Rs 4,318 millions while Energy segment contributed about Rs 913.03 million out of the total gross revenues, according to a press release here today. The company had achieved a revenue growth of 32.53 percent over.....

Bajaj to initiate court proceedings on TVS

New Delhi, Sept 3: In the ongoing tussle between Bajaj Motor and TVS Motor Company over alleged infringement of its DTS-i technology, Bajaj today said it has a strong case against TVS and will initiate court proceedings against TVS if it does not withdraw its products from the market. ''TVS's claim of the technology being 70 years old does not make sense since its only material to know who holds the patent for the product,'' Bajaj Motor's Vice President-Marketing S Sridhar.....
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