Bizbits

Monalisa Infotech Ltd MIL, a total software solution provider has set up a state-of-art training centre for imparting training to existing IT professionals on latest and high-end technology. The trading centre set in a sprawling area of five acres at Daman will provide quality trading enabling the professionals to acquire knowledge as also keep pace with the fast-changing needs of the new economy.

PFSL liquidation

MUMBAI: The Gujarat High Court has appointed the official liquidator attached to it, as the provisional liquidator for winding up of Piramal Financial Services Ltd, an Ahmedabad-based non-banking finance corporation NBFC. The court order, dated May 10, 2000, comes in wake of a petition filed by the Reserve Bank of India RBI under section 45 MC of the RBI act, 1934 for winding up the NBFC, RBI said in a release. It has also ordered an injunction restraining the respondents, their agents from encumbering, transferring, alienating and dispossessing any assets of the company, the release added.

Mindteck India

MUMBA: The fully paid-up equity shares of Mindteck India Limited have been admitted for dealings in the electronic/dematerialised form by the National Securities Depository Limited NSDL and the Central Depository Services Limited CSDL. A company release said all shareholders have the option of dematerialising their shares by surrendering their physical share certificates to the concerned depository participant with instructions to forward it to the company8217;s registrars, Mondkar Computers Private Limited. Shareholders intending to hold their shares in physical form can continue to do so without opting for their dematerialisation.

Steel output up

NEW DELHI: Steel production has posted a growth of 11.1 per cent at 26.48 million tonnes with exports of saleable steel growing by 53.77 per cent in 1999-2000. After demand slow down and sluggish growth for two years, steel production was at 26.48 million tonnes as compared to 23.82 million tonnes, an official release said today. Pig iron production grew by 4.9 per cent to 3.14 million tonnes as compared to 2.99 million tonnes previous fiscal. The country exported 2.991 million tonnes of saleable steel, registering a growth of 53.77 per cent, it said.