GLOBAL BOARD  ( 28-Oct-08 )
Global Boards appoints directors With effect from 27 October 2008 The board of Global Boards has accepted the resignation of D Rangarajan & Vandana Palke from directorship with effect from 27 October 2008. The board has appointed Dinesh Kumar Singh and Bipin Mahtre as directors in place of casual vacancy caused by resignation of above directors with effect from 27 October 2008. This was decided at the board meeting held on 27 October 2008.

RELIANCE ( 28-Oct-08 )
Reliance Industries plans to shutdown its polypropylene plant at Jamnagar To improve product swing capability and increasing propylene yield Reliance Industries has announced that with the objective of improving product swing capability and increasing propylene yield, the company has taken a planned shutdown of its polypropylene plant at the Jamnagar refinery complex. This opportunity will also be utilized to carry out other routine maintenance and turnaround activities. The shutdown is expected to last for approximately four weeks. The rest of the units at the refinery are continuing to operate at their normal throug hputs and product dispatches to customers will be unaffected through the duration of the shutdown. The company made this announcement during the trading hours today, 28 October 2008.

SATYAM COM ( 28-Oct-08 )
Satyam slashes plant shutdown/turnaround time Satyam implements solution based on Theory of Constraints Satyam Computer Services, a leading global consulting and information technology services provider has announced that Rain CII Carbon, the worlds leading producer of calcined petroleum coke, reduced the turnaround time at its plant here by 25 percent. The expedited shutdown enabled production of an additional 3,650 tons of calcined petroleum coke, primarily used for anode manufacture by aluminum producers. By applying a management solution recently implemented at a Rain Commodities, cement plant in India, Rain CII Carbon brought its plant back online in 17.4 days compared to the approximately 23.2 days it had planned. Satyam helped Rain CII Carbon employ a solution based on the Theory of Constraints (TOC), which was developed by Israeli physicist Eliyahu Goldratt. Satyam implemented the solution based on the TOCÆs Critical Chain Project Management (CCPM) methodology, which has been used in numerous projects to ensure on-time (or ahead-of-schedule) project completion, without changing Original project scope and budget. The solution is not industry-specific, it can be used in industries like chemical process, petroleum refining, steel, etc, that have planned maintenance turnarounds and for which increasing uptime of critical equipment is paramount. It can also be applied to reduce the duration of plant expansions and upgrades, as well as Greenfield projects. The Rain Commodities cement plant in India, for example (a sister company of Rain CII Carbon), reduced shutdown duration by 28 percent and enabled manufacture of an additional 15,000 tons of cement. The company made this announcement on 27 October 2008.

NESTLE (I) ( 28-Oct-08 )
Nestle India to hold directors board meeting On 31 October 2008 Nestle India has received certified copy of the order of Hon'ble High Court sanctioning the scheme of arrangement between the company, its shareholders and creditors (the scheme). The scheme shall become effective on its filing with the Registrar of Companies. Further the board of directors meeting of the company will be held on 31 October 2008, on the scheme becoming effective to consider fixation of record date for the purpose of determining the list of the shareholders, who shall be entitled to receive payment pursuant to the scheme of arrangement; and determine amount to be paid per share, taking into account the applicable taxes and the round off of payments to the nearest half Rupee. This was announced by the company on 27 October 2008.

MAESTROS ME ( 28-Oct-08 )
Maestros Mediline accords to buy back Of 434159 equity shares The board of directors of Maestros Mediline Systems has accorded to buy-back 434159 equity shares of Rs 10 each at a maximum price of Rs 75 per share aggregating to Rs 325.62 lacs only out of free reserves of the company representing approximately 9.54% of the total number of shares comprised in the paid-up share capital of the company and such that the aggregate value of the buy-back is 9% of the paid up capital and free reserves of the company. The buy-back of equity shares is proposed to be made from the members of the company (excluding the promoter shareholders of the company) from the open market through t