For the financial year Mar. 31, 2007, the directors of Gupta Synthetics has approved dividend of 10% on shares of face value of Rs 10 each.

The decision was taken at the company’s board meeting held on Aug. 20, 2007.

Gupta Synthetics recorded a 46.12% increase in net profits to Rs 40.68 million for the quarter ended June 2007 as against Rs 27.84 million in the same period of the last year.

Goldstone Technologies has signed up a contract with US-based Echelon Studios.

Echelon Studios will provide the company with about 3,500 video titles that consist of movies, cartoons and sitcoms.

The recent deal will aid Goldstone to improve its video library content for its video-on-demand subscribers.

REI Agro reached a 52-week high of Rs 281.50.

The problems seem to have no end for SEZ

Kolkata: Visa Steel has entered into a joint venture contract with China’s Baosteel Trading and VISA Comtrade of Switzerland for establishing a 1 lakh tonne-per-annum ferro chrome facility in Orissa.

The joint venture company will be named ‘VISA BAO,’ in which VISA Steel will hold a 51% stake, while Baosteel Trading and VISA Comtrade will hold 35% and 14% stakes, correspondingly.