The net profit of Cairn India increased 12 fold for the third quarter. Its net stands at 293.32 crore as per the reports released by the company. Cairn India has done a remarkable work in the field of oil reserves exploration in India.

Company’s turnover increased to 21 per cent and stands at Rs 321 crore. It suffered a loss of Rs 106.4 crore in the same period of previous year. The company made income of Rs 118.20 crore in third quarter form investments and Rs 172.37 crore in the nine months ended September 30, 2008 including foreign exchange fluctuation of Rs 87.34 crore and Rs 110. 83 crore.

Mahindra & Mahindra Limited (M&M) reported a decline of 35 per cent in its net profit for the quarter ended September 30, 2008. Its net profit was Rs 285.9 crore in the same period last year. Now, it stands at Rs 185.7 crore registering 35 per cent decline.

M&M reported an exchange loss of Rs 117.8 crore including a notional loss of Rs 96.7 crore. These losses were suffered following revaluation of the company’s net foreign currency borrowings. Its gross revenue for the quarter ended September 30, 2008 registered a growth of 14.1% and stands at Rs 3,695.2 crore. It was Rs 3,239.5 crore during the corresponding period last year.

Recently, Shivender Mohan Singh, CEO and managing director of Fortis Healthcare, announced, “Fortis Healthcare is eyeing acquisitions and is in talks with more than two players in south and west India. The company is hoping to close the transactions in the current financial year.”

Seoul - South Korea's Hynix Semiconductor Inc, the world's second largest maker of computer chips, Thursday posted net losses of 1.67 trillion won (1.3 billion dollars) for the third quarter owing to price slumps and write-offs.

After profits of 168 billion won in the third quarter of 2007, the company reported losses for the fourth consecutive quarter, more than doubling the losses posted for the previous quarter of 711 billion won.

Tokyo - Sony Corp saw its net profit plunge 71.8 per cent in the second quarter as demand for consumer electronics slowed and the yen rose in value against other major currencies, the company said Wednesday.

The Japanese electronics company reported a net profit of 20.8 billion yen (219.84 million dollars) in the July-September quarter, compared to 73.7 billion yen a year before.

Operating profit also tumbled 90.1 per cent to 11 billion from 111.6 billion yen during the second quarter a year earlier, and sales dipped 0.5 per cent to 2.07 trillion yen from 2.08 trillion yen, the company said.