Net profit of Jindal Steel & Power (JSPL) rose 0.14% to Rs 325.62 crore in the quarter ended December 2009 as against Rs 325.17 crore during the previous quarter ended December 2008. Sales declined 1.26% to Rs 1757.57 crore in the quarter ended December 2009 as against Rs 1780.01 crore during the previous quarter ended December 2008.

Net profit of Britannia Industries declined 36.94% to Rs 29.10 crore in the quarter ended December 2009 as against Rs 46.15 crore during the previous quarter ended December 2008. Sales rose 7.71% to Rs 881.39 crore in the quarter ended December 2009 as against Rs 818.28 crore during the previous quarter ended December 2008.

Cairn India reported net loss of Rs 36.17 crore in the quarter ended December 2009 as against net profit of Rs 45.12 crore during the previous quarter ended December 2008. Sales rose 48.48% to Rs 1.47 crore in the quarter ended December 2009 as against Rs 0.99 crore during the previous quarter ended December 2008.

Net profit of Cipla rose 29.35% to Rs 289.03 crore in the quarter ended December 2009 as against Rs 223.44 crore during the previous quarter ended December 2008. Sales rose 6.32% to Rs 1344.16 crore in the quarter ended December 2009 as against Rs 1264.30 crore during the previous quarter ended December 2008.

Tata Motors, Sun Pharmaceuticals, Reliance Infrastructure, Reliance Power, Indian Oil Corporation and Siemens are among the key result announcement today, 29 January 2010.

Nippon Steel Corporation, the world's second-biggest steelmaker, said it is in talks with Tata Steel to form an automotive sheet steel joint venture in India by the end of the 2012 fiscal year. The plant, which will be owned 51% by Tata Steel and the remaining 49% by Nippon Steel, will have a capacity to produce 600,000 tonnes a year of cold rolled sheet steel. The two companies aim to sign a formal agreement by June, Nippon Steel said.

Electrical and lighting products maker Havells India has reportedly acquired Standard Electricals, a privately-owned promoter group firm engaged in electrical products, for about Rs 120 crore.

Work on the offshore container terminal at the Mumbai port, being developed by Gammon Infrastructure Projects-led consortium, is reportedly expected to be delayed by at least two years after a partner, Spanish firm Dragados, decided to sell its stake in the project in December.

Srei Infrastructure Finance board has approved a bonus issue of four shares for every five shares held in the company, it said in a statement to the stock exchange.

Meanwhile, Srei Infrastructure Finance has decided to merge its business with Quippo, a infrastructure rental service provider. The merged entity would continue to function under the name Srei Infrastructure, and the promoters' holding would go up to 46%.

Net profit of SREI Infrastructure Finance rose 1112.77% to Rs 28.50 crore in the quarter ended December 2009 as against Rs 2.35 crore during the previous quarter ended December 2008. Sales rose 300.56% to Rs 121.77 crore in the quarter ended December 2009 as against Rs 30.40 crore during the previous quarter ended December 2008.

Educomp Solutions, Lupin, Titan Industries, Reliance Natural Resources, ABG Shipyard, Glenmark Pharmaceuticals, MTNL, Karnataka Bank, Power Finance Corporation, PTC India, NHPC, Omaxe, , Ballarpur Industries, Rashtriya Chemicals and Fertilisers, BEML, GE Shipping, Kalpataru Power Transmission, Puravankara Projects, Karur Vysya Bank, Balrampur Chini Mills, Bharat Electronics, Alok Industries, Berger Paints, Deccan Chronicle Holdings, Divis Laboratories, Paramount Communications and PSL are among the other companies that will declare December ended results today.

Net profit of Opto Circuits India rose 14.27% to Rs 35.63 crore in the quarter ended December 2009 as against Rs 31.18 crore during the previous quarter ended December 2008. Sales rose 23.55% to Rs 116.89 crore in the quarter ended December 2009 as against Rs 94.61 crore during the previous quarter ended December 2008.

Net profit of Consolidated Construction Consortium rose 62.48% to Rs 21.22 crore in the quarter ended December 2009 as against Rs 13.06 crore during the previous quarter ended December 2008. Sales rose 4.48% to Rs 450.92 crore in the quarter ended December 2009 as against Rs 431.60 crore during the previous quarter ended December 2008.

Net profit of Dredging Corporation of India rose 45.56% to Rs 36.10 crore in the quarter ended December 2009 as against Rs 24.80 crore during the previous quarter ended December 2008. Sales declined 19.02% to Rs 181.21 crore in the quarter ended December 2009 as against Rs 223.77 crore during the previous quarter ended December 2008.

Net profit of Madras Cements declined 74.48% to Rs 16.01 crore in the quarter ended December 2009 as against Rs 62.73 crore during the previous quarter ended December 2008. Sales declined 0.34% to Rs 607.10 crore in the quarter ended December 2009 as against Rs 609.16 crore during the previous quarter ended December 2008.

Net profit of Himadri Chemicals & Industries rose 26.44% to Rs 29.12 crore in the quarter ended December 2009 as against Rs 23.03 crore during the previous quarter ended December 2008. Sales rose 68.14% to Rs 145.34 crore in the quarter ended December 2009 as against Rs 86.44 crore during the previous quarter ended December 2008.

Net profit of Tata Tea declined 23.91% to Rs 36.75 crore in the quarter ended December 2009 as against Rs 48.30 crore during the previous quarter ended December 2008. Sales rose 18.14% to Rs 447.44 crore in the quarter ended December 2009 as against Rs 378.75 crore during the previous quarter ended December 2008.

Net profit of Siemens Healthcare Diagnostics rose 536.11% to Rs 2.29 crore in the quarter ended December 2009 as against Rs 0.36 crore during the previous quarter ended December 2008. Sales rose 7.39% to Rs 38.80 crore in the quarter ended December 2009 as against Rs 36.13 crore during the previous quarter ended December 2008.

Net profit of Colgate-Palmolive India rose 49.72% to Rs 116.39 crore in the quarter ended December 2009 as against Rs 77.74 crore during the previous quarter ended December 2008. Sales rose 17.03% to Rs 490.61 crore in the quarter ended December 2009 as against Rs 419.22 crore during the previous quarter ended December 2008.

Net profit of Engineers India rose 61.17% to Rs 111.06 crore in the quarter ended December 2009 as against Rs 68.91 crore during the previous quarter ended December 2008. Sales declined 6.55% to Rs 493.83 crore in the quarter ended December 2009 as against Rs 528.47 crore during the previous quarter ended December 2008.

Net profit of IVRCL Infrastructures & Projects declined 1.50% to Rs 45.82 crore in the quarter ended December 2009 as against Rs 46.52 crore during the previous quarter ended December 2008. Sales declined 0.46% to Rs 1181.55 crore in the quarter ended December 2009 as against Rs 1186.98 crore during the previous quarter ended December 2008.