Cranes Software International, together with Phil Science,Inc., has announced the introduction of the Korean language version of its statistical analysis software SYSTAT 11.

Videocon Industries has decided to raise Rs. 5,000 crore through placement of equity shares or other securities in one or more tranches. This proposal has been approved by the shareholders at the extraordinary general meeting held on Monday. A borrowing limit of Rs. 20,000 crore was also approved at the EGM.

Praj Industries has announced that it has been contracted for supply of technology and machinery for two plants being set up for Cilion Group in California, (U.S.) Cilion, which is planning to set up eight ethanol plants, also selected the company's technology for additional two plants for which machinery orders are yet to be released. The first lot of two plants with a capacity of over six lakh litres per day each (55 million gallons per annum), based on corn, are scheduled to go on stream by mid-2007.

Natco Pharma has commenced commercial production at its finished dosages pharmaceutical formulations unit at Dehradoon. To begin with, oncological formulations meant for the domestic market are being manufactured at the Dehradoon unit. Planned to achieve a capacity level of 300 million tablets per annum, the project is being implemented in stages. The company is also planning to establish a parenterals division at Dehradoon.

Dividends

Narendra Properties: 20 p.c.; Srinivasa Hatcheries: 25 p.c.; RPG Life Sciences: 25 p.c.; Repro India: 15 p.c.; Stanrose Mafatlal Investments: 30 p.c.; Hatsun Agro: Rs. 2.