Leading software exporter of country, HCL Technologies announced its quarterly results for the period ending December 3, 2008. It posted 12.1 per cent increase in net profit for the third quart of current financial year.
The company signed many deals in technology, manufacturing and life science sector during the period which helped to increase its business and revenue. The company added new clients including Deutsche Bank, Microsoft, Xerox, Cisco and Viacom during the period.
In the midst of economic meltdown, chipmaker AMD had been making hard efforts competing with rival chipmakers. However nothing seems to be helping for AMD, which otherwise is the second largest chipmaker of the world and has gained significant market share in various markets across the world.
This seems quite evident from the company's Q4 2008 and fiscal 2008 earnings reports, which show enormous losses. The margins are lower for AMD and the decline in sales has caused more trouble for the company.
A decline by 64% in the net profit of Kotak Mahindra Bank to Rs 130.9 crore for the quarter ended December 2008 compared to the year-ago period was reported by the bank today.
Due to weak liquidity and lower advances, the quarter registered fall in the total income of the bank. Total income fell by 32.14 per cent to Rs 1,684.75 crore during the quarter under consideration, from Rs 2,482.72 crore in the same period.
It was recently informed by India's largest listed company, Reliance Industries Ltd that the company's quarterly earnings sank by 9.8%, which is its first drop in three years. However, the forecasts have been beaten by the company as refining margin eased less than expected.
It is being hoped by Reliance, which is India's largest petrochemical producer and refiner that the good times for the company will commence in the second half of February when it will start generating 30-40 million cubic metres of natural gas a day from its deep-sea fields off India's east coast.
Software firm MindTree Ltd expects improvement in its operating margin for the financial year 2009 and revised its earnings guidance forecasts. The company said, "Members of the investor community have drawn attention to this. We have taken a fresh look at our EBITDA guidance and updated our estimates."
Leading software exporter of country, HCL Technologies announced its quarterly results for the period ending December 3, 2008. It posted 12.1 per cent increase in net profit for the third quart of current financial year. 
In the midst of economic meltdown, chipmaker AMD had been making hard efforts competing with rival chipmakers. However nothing seems to be helping for AMD, which otherwise is the second largest chipmaker of the world and has gained significant market share in various markets across the world. 
Chennai-based TVS Motor Company has announced financial results for the third quarter ended December 2008 reporting net loss of Rs 95.86 lakh.
A decline by 64% in the net profit of Kotak Mahindra Bank to Rs 130.9 crore for the quarter ended December 2008 compared to the year-ago period was reported by the bank today. 
It was recently informed by India's largest listed company, Reliance Industries Ltd that the company's quarterly earnings sank by 9.8%, which is its first drop in three years. However, the forecasts have been beaten by the company as refining margin eased less than expected. 
Software firm MindTree Ltd expects improvement in its operating margin for the financial year 2009 and revised its earnings guidance forecasts. The company said, "Members of the investor community have drawn attention to this. We have taken a fresh look at our EBITDA guidance and updated our estimates."
