Reliance Industries, Bharti Airtel, and Grasim Industries will declare the Q3 December 2009 results on Friday, 22 January 2010.

Net profit of Oil & Natural Gas Corporation (ONGC) rose 23.39% to Rs 3053.58 crore on a 23.14% increase in sales to Rs 15314.49 crore in Q3 December 2009 over Q3 December 2008.

Mahindra & Mahindra will consider a proposal for a stock split at a board meeting on 25 January 2010. It did not specify what the ratio of the stock split would be.

Great Offshore said Bharati Shipyard has acquired 21%, or 78 lakh shares, in the company at Rs 590 a share through an open offer. Post the offer, Bharati's shareholding stands at 44.26%, it said in a disclosure to the Bombay Stock Exchange.

Jaiprakash Power Ventures' board will meet on 25 January 2010 to consider raising funds via foreign currency convertible bonds, qualified institutional placement, global depository receipts and American depository receipts.

Jubilant Organosys' board approved raising Rs 1000 crore via a qualified institutional placement, issue of gross depository receipts, American depository receipts or foreign currency convertible bonds. The drugmaker's board has also given in-principle approval for the demerger of its agri and performance polymer business into a separate company. The demerger is expected to be approved in the board meeting to be held in the first quarter of 2010-11.

Madhucon Projects' board will meet on 30 January 2010 to consider fund raising.

Panacea Biotec's board approved spending Rs 128 crore for buying back Rs 55.9 lakh shares at a maximum price of Rs 229 each.

India has reportedly decided to go ahead with the auction of third generation (3G) spectrum for all 22 telecom circles on 25 February 2010. It will be completed by 3 March to 5 March 2010.

Reliance Capital Asset Management Company is reportedly negotiating with Malaysia to manage up to $5 billion of public and government funds, including part of the national pension fund.

Shipping firm Mercator Lines is reportedly looking to acquire more coal mines in Indonesia to hedge against cyclical nature of the shipping business. It has earmarked up to $100 million for its coal business and is targeting production of 8-10 million tonnes annually from Indonesia over next five years.

Gammon Infrastructure reportedly wants to buy stakes in international airport projects and is in talks with companies that have won such projects in developing economies.

Punj Lloyd, Allahabad Bank, 3i Infotech, Asian Paints, Fortis Healthcare, Tech Mahindra, HCC, Neyveli Lignite Corp, Ceat, Edelweiss Capital, Godrej Properties, Mcleod Russel, Noida Toll Bridge, Zee News, Container Corporation of India, Dolphin Offshore, Mahindra Ugine, Ramkrishna Forgings, and MRO-TEK, are among other companies which will declare the Q3 December 2009 results on Friday.

Net profit of Idea Cellular declined 23.11% to Rs 218.38 crore in the quarter ended December 2009 as against Rs 284.01 crore during the previous quarter ended December 2008. Sales rose 11.79% to Rs 2911.57 crore in the quarter ended December 2009 as against Rs 2604.47 crore during the previous quarter ended December 2008.

Net profit of JSW Energy rose 54.13% to Rs 237.05 crore in the quarter ended December 2009 as against Rs 153.80 crore during the previous quarter ended December 2008. Sales rose 83.79% to Rs 668.43 crore in the quarter ended December 2009 as against Rs 363.70 crore during the previous quarter ended December 2008.

Net profit of Indraprastha Gas rose 53.86% to Rs 58.93 crore in the quarter ended December 2009 as against Rs 38.30 crore during the previous quarter ended December 2008. Sales rose 29.69% to Rs 284.61 crore in the quarter ended December 2009 as against Rs 219.45 crore during the previous quarter ended December 2008.

Jubilant Organosys reported net profit of Rs 70.57 crore in the quarter ended December 2009 as against net loss of Rs 21.16 crore during the previous quarter ended December 2008. Sales rose 4.27% to Rs 612.49 crore in the quarter ended December 2009 as against Rs 587.41 crore during the previous quarter ended December 2008.

Net profit of Mahindra & Mahindra Financial Services rose 109.60% to Rs 93.27 crore in the quarter ended December 2009 as against Rs 44.50 crore during the previous quarter ended December 2008. Sales rose 11.52% to Rs 393.94 crore in the quarter ended December 2009 as against Rs 353.25 crore during the previous quarter ended December 2008.

Net profit of Indiabulls Real Estate declined 28.17% to Rs 4.87 crore in the quarter ended December 2009 as against Rs 6.78 crore during the previous quarter ended December 2008. Sales declined 87.23% to Rs 1.87 crore in the quarter ended December 2009 as against Rs 14.64 crore during the previous quarter ended December 2008.

Net profit of United Spirits rose 216.61% to Rs 96.85 crore in the quarter ended December 2009 as against Rs 30.59 crore during the previous quarter ended December 2008. Sales rose 30.85% to Rs 1346.78 crore in the quarter ended December 2009 as against Rs 1029.26 crore during the previous quarter ended December 2008.