Chennai-based TVS Motor Company has announced financial results for the third quarter ended December 2008 reporting net loss of Rs 95.86 lakh.

The company posted a net profit worth Rs 5.83 crore during the corresponding period in 2007-08.

It witnessed decline of 2% in net sales, which stood at Rs 852.82 crore as compared to Rs 875.02 crore in same period last year.

The total income of the company during the third quarter was Rs 868 crore as against Rs 889 crore for the same period last year.

Here’s something for those who are style-conscious and wants stylish desktop without the hassle of many wires.

Global technology giant Asus has rolled out a new Touch Screen PC, named the Eee Top ET 1602 in the Indian market.

Aimed at kids and beginners, the new all-in-one touchscreen computer, which comes equipped with all functions of a regular desktop PC, features a lot of touch-optimized applications increasing productivity, amusement and communications, letting users to do almost anything, without any difficulty.

A partial solar eclipse would be visible in south-eastern parts of India on January 26.

The eclipse would be total in island groups Sumatra and Borneo of Indonesia. It would also be visible from southern Africa, northwestern Antarctica, Australia and Southeast Asia.

The eclipse would begin at 10.27 am IST. The eclipse would end at 4:31 pm IST when the moon’s shadow finally leaves the earth at local sunset point very close to south of Cambodia in the south China sea. The best time to watch the eclipse in India will be between 3 pm and 3.30 pm.    

Mirae Asset Mutual Fund, a leading asset management cum financial services Provider Company has rolled out 'Mirae Asset Gilt Fund', an open-ended Gilt scheme in the domestic market.

Through the launch, the company is offering investors the opportunity to participate in a portfolio comprising of Government Securities issued/guaranteed by Central and State Governments with varied maturity through Savings and Investment plans.

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.