New Delhi, Jan. 15 : A member of the Board of Directors of Satyam Computer Services today said that the board of the Hyderabad-based firm would meet on January 17 to take stock of the situation arising out of Rs. 7000 crore scam perpetrated by the previous board.

Board member Deepak Parekh told reporters here after a meeting with Corporate Affairs Minister Prem Chand Gupta that at present the company had receivables of Rs. 1, 700 crore.

Indusind Bank has announced a phenomenal growth in its standalone net profit for the three month period ended December 31, 2008.

During the third quarter, the bank has recorded growth of 79.95% in its net profit to Rs 450.60 million, as compared to Rs 250.40 million during the corresponding period of the previous year (Dec 2007).

The bank’s interest income grew 25.10% to Rs 6,274.80 million, whereas total income for the same period zoomed 34.34% to Rs 7,605.50 million, when compared with the prior year period.

NIIT Technologies has announced the results for the three month period ended December 31, 2008.

During its third quarter, the IT services firm has posted a fall of 52% in its consolidated net profit, which stood at Rs 168 million as against Rs 347 million during the corresponding period of the last year.

The company said the decline in net profit was mainly because of currency fluctuations, the dollar’s appreciation against the Indian currency and the weakening of the pound, which shaved Rs 32.8 crore off its net profit.

India's second largest software exporter Infosys reported 33 per cent rise in profit in the third quarter of 2008-09, which currently stands at Rs 1,641 crore.

Drop in billing rates, adverse conditions of financial market and currency fluctuations failed to stop company's revenue growth in the third quarter. Infosys, CEO, S. Gopalakrishnan said, "This is a very good performance, considering the difficult times we are in."

Infosys Technologies, India's second largest software services exporter, reported that the company was able to earn consolidated net profit of Rs 1,641 crore for the Q3 that ended December 31, 2008 as against Rs 1,231 crore in the corresponding quarter a year ago.

A release which was issued to BSE today by Infosys, said, “The Q3FY09 topline has increased 35.5% to Rs 5,786 crore from Rs 4,271 crore in Q3FY08, beating the recession blues which is clouding the global businesses.”

Country’s second largest software services exporter, Infysos Technologies, on Tuesday announced a better-than- expected 14.5 per cent rise in profit in the October-December quarter.

Net profit rose to Rs 1641 crore, from Rs 1432 crore a year earlier. Income rose Rs 5786 crore versus Rs 5418 crore (corresponding year). Besides this, company’s earning per share was at Rs 28.63 as against Rs 21.47 a year ago. When compared to Rs 1,186 crore (Oct-Dec07), Infosys net profit grew 34.7% to Rs 1,598 crore (Oct-Dec08).