Reliance Energy (REL) has reportedly bagged the New Delhi-Indira Gandhi International Airport link of the Delhi metro. Delhi Metro Rail Corporation (DMRC) has issued a letter of intent (LOI) to a consortium of REL and CAF of Spain, the reprots suggested.

Infosys and Wipro may reportedly bid for specific verticals of $13-billion Capgemini. The Indian IT majors who have enough cash assets for a large buyout are not interested in complete company acquisition because of stringent labour laws in France (where the Capgemini is headquartered) and other parts of Europe, reports suggested.

GHCL is reprotedly demerging its businesses into three separate firms which would all be listed entities. According to reports, the firm is likely to demerge into three companies which would be involved in soda ash, home textiles and retailing.

Consolidation of associate banks' of State Bank of India (SBI) with their parent bank is likely to get delayed. The crucial board meeting of the six associate banks of SBI slated on 24 January 2008 to consider an in-principle nod for merger with their parent bank has been put off, the reports suggested.

Balaji Telefilms reported 13.55% decline in net profit to Rs 18.82 crore 5.95% fall in sales to Rs 79.97 crore in Q3 December 2007 over Q3 December 2006.

SpiceJet reported net profit of Rs 9.34 crore in the quarter ended December 2007. Sales reported at Rs 408.51 crore in the quarter ended December 2007

Punjab Tractors reported 3.25% rise in net profit to Rs 25.40 crore 15% increase in sales to Rs 302.90 crore in Q3 December 2007 over Q3 December 2006.

Lanco Industries reported 30% rise in net profit to Rs 8.06 crore on 28.28% increase in sales to Rs 130.29 crore in Q3 December 2007 over Q3 December 2006.

Swaraj Engines reported 24.80% rise in net profit to Rs 4.68 crore on 12.28% increase in sales to Rs 38.96 crore in Q3 December 2007 over Q3 December 2006.

Tamil Nadu Newsprint & Papers reported 27.71% rise in net profit to Rs 28.48 crore on 9.65% increase in sales to Rs 235.14 crore in Q3 December 2007 over Q3 December 2006.

Tata Teleservices Maharashtra (TTML) reported net loss of Rs 27.43 crore in the quarter ended December 2007 as against net loss of Rs 59.17 crore during the previous quarter ended December 2006. Sales rose 21.25% to Rs 439.76 crore in Q3 December 2007 over Q3 December 2006.

Ballarpur Industries, Bank Of Maharashtra, Bongaigaon Refinery & Petrochemicals, Canara Bank, Chennai Petroleum, Dena Bank, Fortis Healthcare, Hind Zinc, Mid-Day, Nagarjuna Fertiliser, Polaris Software, PVR, Shree Renuka Sugars, Shriram Transport Finance, Sonata Software, SRF, Sun TV Network, Bank Of Rajasthan, Union Bank of India, Varun Shipping, will declare their December 2007 ended results today.

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