Results Watch, Stocks in News

HCL Technologies reported a 39 per cent jump in its revenues for the second quarter of 2006-07 at Rs 1,465 crore over the corresponding quarter of previous fiscal. The company posted a gross profit of about Rs 563 crore in the quarter, up 41.8 per cent year-on-year.

TCS : The company posted net profit of Rs 1104.7 crore (Rs 11.04 billion) versus Rs 991.5 crore (Rs 9.91 billion) in the previous quarter, increased by 11.41%. TCS added 7835 employees and net employees addition was 5562 versus .

IPCL registered net profit of Rs 405 crore (Rs 4.05 billion), up 40.1% against Rs 289 crore (Rs 2.89 billion) in the same quarter of the previous year.

Tulip IT services posted net profit of Rs 27.5 crore (Rs 275 million) in the third quarter compared to Rs 20.2 crore (Rs 202 million) in the previous quarter.

Results on Tuesday, 16th January,2007
ABB, Bajaj Auto, HT media, Gujarat Ambuja Exports, Jubiliant Org, Patel Eng, Prism Cements,

Results on Wednesday ,17th Jaunary,2007
Wipro, Lupin Labs, NDTV, 3i Infotech, Alembic,Diamond Cables, Kirloskar oils, NIIT Tech.

Reliance will declare its Results on Thursday,18th January

Govt. okays Bharti-Walmart Combo on FDI
While Bharti would be managing the front-end that involves opening retail outlets, the US-based world's largest retailer would take care of the back-end such as cold chains and logistics.
With the government finding no fault with the venture, the stage is now set for other global retail chains like Tesco of UK and Carrefour of France to sew their deals for foray into the growing Indian market with similar arrangements. (ET)

Tatas call on Lanka's Suntel
If the deal is successful, Suntel will be VSNL’s third telecom service provider outside India. VSNL already has 51% stake in Neotel, South Africa’s second national operator, and is also in the process of picking up 26% in InfraCo, a new telecom network operator in South Africa (ET)

Reliance Q3 net seen up 26%
India's top private petrochemical and oil firm, Reliance Industries Ltd, is expected to report on Thursday its quarterly earnings rose 26 per cent due to robust margins from petrochemicals. Reliance operates a 660,000 barrel per day (bpd) refinery at Jamnagar in western India that can process cheap and high sulphur grades of crude to produce high-value products. Full-year earnings are forecast to rise 10.2 per cent to Rs 99.98 billion, according to Reuters Estimates. (ET)

Tata Steel buys Rawmet Ferrous
Rawmet has a ferro alloy plant near Cuttack consisting of two 16.5 MVA semi closed electric arc furnace having a capacity of producing around 50,000 tonnes of high carbon ferro chrome per annum. (ET)