Karuturi Networks Ltd has informed that the members of the Company have approved the following resolutions by way of Postal Ballot:

1. To sub-divide the Authorised Share Capital of the Company comprising of 6,00,00,000 Equity Shares of the face value of Re 10/- each aggregating to Re 60,00,00,000/- into 60,00,00,000 Equity Shares of Re 1/- each aggregating to Re 60,00,00,000/- and consequential amendments in the Memorandum & Articles of Association of the Company.

2. Authority to the Board to lease or sell or dispose off the whole or part or parts of the agricultural business of the Company for such consideration as may be in the best interest of the Company and that the Board be empowered to take such others steps as may be deemed expedient and necessary, in the best interest of the Company.

3. Authority to the Board to lease or sell or otherwise dispose off part or parts or the whole of the floriculture business of the Company for such consideration as may be in the best interest of the Company and that Board be empowered to take such others steps as may be deemed expedient and necessary, in the best interest of the Company.

4. Authority to the Board to lease or sell or otherwise dispose off part or parts or the whole of the retail flower business of the Company for such consideration as may be in the best interest of the Company and that the Board be empowered to take such others steps as may be deemed expedient and necessary, in the best interest of the Company.

5. Authority to the Board to lease or sell or otherwise dispose off part or parts or the whole of the ISP business of the Company for such consideration as may be in the best interest of the Company and that Board be empowered to take such others steps as may be deemed expedient and necessary, in the best interest of the Company.

6. To change the name of the Company from Karuturi Networks Ltd to Karuturi Global Ltd, subject to necessary provisions and approvals.

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.   

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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.  

Buy at current market target Rs.270 for three month target at Rs.325.This company have reported excellent result in the last year.

Mastek company are work with 8 insurance company and this company are top of the world various top of company’s are work this .2 US company are add this company. Much better performed this company.