Allied Digital Services Ltd has informed that a meeting of the Board of Directors of the Company will be held on March 11, 2008, inter alia, to consider the following:

1. To review and consider enhancing the borrowing limit of the Company pursuant to Section 293(1)(d) of the Companies Act, 1956 from the existing limit of Rs 100 Crores.

2. To consider funds raising options by way of issue of Equity Shares / Warrants and / or any instrument convertible into Equity Shares, Global Depository Receipts (GDRs) / American Depository Receipts (ADRs) / FCCBs pursuant to Section 81(1)(A) of the Companies Act 1956.

3. To consider convening an Extra ordinary General Meeting of the Shareholders.
[Via]

Buy Tata Tele (Mah) share at current market price of  Rs.41 for three month target of  Rs.50. They reported excellent result in last ended quartet. Tata Tele (Mah) company is the best position at present in the market.

Tata Teleservices Maharastra Ltd has informed BSE that Finance Committee has accepted allotment of  1,51,58,152 Share for price of Rs.10 each to the shareholders, Investors who have right  to convert FCCBs Share. Share have allotted and issued at primary price of Rs.14.49 every Equity Share, according to terms and condition of FCCB issue.   

Read more..

The Indian rupee slipped  its lowest points since the last two weeks on Wednesday. Some Asian Currencies also slipped same as rupee, against dollar.

Partially exchangeable rupee was 39.85/86 on Monday’s close while it was 39.86 for each Dollar at 9:40 on Wednesday. Indian Markets were closed on October 2, 2007 for National holiday. Previous week Indian rupee increased till 39.62 to touch a new peak of success first time after April 1998.

Investors said they will analysis of Share Market to find direction of  Indian Rupee. Direction of rupee depends on investment. Investment Flows has increased over than 11% current financial year. The Stock Market Index made new records in last some trading days. Foreigners bought more than 3.6 billion dollar during the last some trading days of September by the sources, after a cut in interest rates of American Bank.

Data shows that in the first seventh months of financial year 2007 the Central Bank spent 38.1 billion dollar to test the rupee therefore traders are alert about provoking the central bank.  

They are reported in current market price Rs.31 for four month target of Rs.38.The capability our profit in progresive target and they are after sixth month capture in this target.

 
This company have informed BSE that’s meeting of the board of directors this company under arrest on June 27,2007 and are reported the audit Financial Result in the last year March 31,2007.