The earnings season gives indications that corporate India might find the going tough in the next few quarters, says Vikas Khemani.

The funds would be used for the steel major's various upcoming and a few ongoing projects globally, spread across three years, MD H M Nerurkar said.

Christened 'iON', the package will enable the fledgling small-and-medium enterprises access world-class IT services at virtually zero capital expenditure.

The company's consolidated net sales increased to Rs 28,606.15 crore in the October-December quarter from Rs 26,068.55 crore in the same period last year.

The film and entertainment company posted a loss of Rs 57.04 crore for the October-December quarter of 2010-11, against Rs 27.33 crore in the same period last year.

The firm did not declare comparitive figures, saying it wasn't listed on the markets then. However, Chairman Partha S Bhattacharya said it would surpass last year's figures.

Revenue for the third quarter grew marginally to Rs 1,279.3 crore from Rs 1,242 crore in Q2, FY2010-11, Mahindra Satyam said in a filing to the Bombay Stock Exchange.

Shares of Cairn India Ltd, with an almost seven-fold jump in its net profit for the third quarter, advanced by nearly 5 per cent in the early trade on BSE.

The company had  registered a net profit of Rs 9.20 crore in the October-December quarter last fiscal, GMR Infra said in a filing to the Bombay Stock Exchange.

The Lkashmi Mittal-led company, the largest steel maker in the world, reported sales of $20.6 billion to end the year, against $17.4 billion in the same quarter last year.

After announcing a change of guard at the helm of affairs, Wipro has realigned its organisational structure in line with the changed business environment.

The consumer durables major posted a profit of Rs 24.10 crore for the third quarter ended December 31, against a net of Rs 16.16 crore in the same period last year.

The company posted a consolidated net profit of Rs 1,262.97 crore for the October-December quarter helped by higher production and sales of the key construction material.

Reacting to the results, the shares of the company were trading 2.46 per cent up at Rs 183.55 a piece on the Bombay Stock Exchange in the afternoon.

The company's branded business in India grew 18 per cent in the October-December quarter over the same period last year. Its generics business grew 20 per cent.

The aviation firm had posted a net of Rs 118 crore in the October-December quarter last year. It's total income increased to Rs 3,515.17 crore for the reviewed quarter.

Wipro Chairman Azim Premji gets cracking as his leaders miss the mark - for the fourth time. Having junked the joint CEO model, Premji hopes a single person in charge can spark Wipro's revival.

The bank's total income also registered a growth of 19.65 per cent to Rs 4,182.59 crore in the October-December quarter, compared to Rs 3,495.42 crore a year ago.

The company sold 7.11 million tonnes of crude oil in October-December at an average price of USD89.13 per barrel as compared to USD 76.66 a barrel realised on sale of 6.6 million tonnes of crude oil in the same period a year ago.

Media firm Eros International reports a nearly three-fold jump in its net profit at Rs 42.79 crore for the third quarter ended December 31, 2010.