IT giant Wipro may edge higher on better-than-expected Q3 result. On consolidated basis, the company's net profit rose 21.26% to Rs 1217.40 crore on 4.17% rise in total income to Rs 7055.80 crore in Q3 December 2009 over Q3 December 2008. The company announced the result before market hours today, 20 January 2010.

Israeli drugmaker Teva Pharma has reportedly filed a patent infringement suit in the US against Lupin that prevents the Indian pharma company from selling the generic or copycat version of Teva's birth control drug, LoSeasonique, for at least 30 months in a key market.

HDFC, JSW Steel, Polaris Software, Yes Bank, Housing Development & Infrastructure (HDIL) and TVS Motors among others, unveil Q3 results today.

NTPC, the world's second-largest independent power producer (IPP), plans to set up a new entity for acquiring coal assets abroad to secure fuel supplies for its coal-based plants.

The railway ministry is planning to hike the transport costs for bulk commodities, including iron ore, coal, cement and steel, following a revival in the economy.

ONGC Mittal Energy (OMEL), along with its consortium parters, is understood to have surrendered its offshore exploration block in the Caspian Sea in Turkmenistan.

Unitech, India's second largest real estate company, has withdrawn its proposal to raise $700 million (Rs 3200 crore) through foreign currency convertible bonds (FCCBs). The Delhi-based company has already raised $900 million in two tranches through private placement to qualified institutional investors in 2009, and was aiming to raise fresh funds to bring down its debt. In June 2009, Unitech raised $575 million at Rs 82 per share. In March 2009, it raised $325million at Rs 38.50 per share.

Realty firm Orbit Corporation plans to raise funds from institutions and a buyout firm. Orbit may sell as much as Rs 350-crore of stock to institutions in the first half of the year, Managing Director Pujit Aggarwal said in an interview to a news agency. The Mumbai-based developer is close to getting Rs 175 crore from a private- equity fund to build 200 acres of luxury villas at Mandwa, 33 kilometers (21 miles) from Mumbai along the Arabian Sea.

Net profit of Saregama India rose 161.11% to Rs 0.47 crore in the quarter ended December 2009 over the quarter ended December 2008. Sales rose 28.59% to Rs 26.67 crore.

Net profit of JK Lakshmi Cement declined 19.08% to Rs 45.35 crore in the quarter ended December 2009 from Rs 56.04 crore over the quarter ended December 2008. Sales rose 18.80% to Rs 353.24 crore