Leading manufacturer of personal and household products, Godrej Consumer Products had reported a dip in its net profit growth 7.3 per cent to Rs 40 crore for the third quarter ended December 2008, from Rs 43 crore for the corresponding quarter in the previous year.

In a filing to the BSE, GCPL said that it had a consolidated profit after tax of Rs 43 crore in the third quarter last fiscal.

The government has announced to ban toys made in Chine with immediate effect. The move is aimed to save the interest of local manufactures, who are facing stiff completion from these toys.

Indian markets are flooded with Chinese toys which at available at very cheap prices across the country. Domestic manufacturers had been demanding import ban on these products to save local toy industry and a large number of jobs.

Chennai-based TVS Motor Company has announced financial results for the third quarter ended December 2008 reporting net loss of Rs 95.86 lakh.

The company posted a net profit worth Rs 5.83 crore during the corresponding period in 2007-08.

It witnessed decline of 2% in net sales, which stood at Rs 852.82 crore as compared to Rs 875.02 crore in same period last year.

The total income of the company during the third quarter was Rs 868 crore as against Rs 889 crore for the same period last year.

Country's third largest software exporter, Wipro has announced its results for third the quarter. The company posted net profit of Rs 10.04 billion for Q3 ended December 31,
08. the company posted net profit of Rs 8.54 billion for the same period last year.

Its total income stands at Rs 67.73 billion as compared to Rs 54.33 billion a year ago. The company posted 26 per cent increase in its operating profit.

Piramal Glass Ltd announced financial results for the third quarter ended December 2008 reporting net loss of Rs 37.14 crore. The company posted losses worth Rs 1.28 crore in the same period in 2007-08.

Rising raw material cost and foreign exchange losses adversely hit its business for the reporting quarter leading to significant decline in revenue and net profit.

The cost of raw material remained at Rs 63.60 crore as compared to Rs 36.98 crore in Q3 of 2007-08 which increased its expenditures. The company suffered foreign exchange losses of Rs 27.81 crore in the reporting quarter.

The state-owned LIC Housing Finance has posted a 26.70 per cent increase in net profit for the third quarter ended December 31, 2008.

Its profit stood at Rs 134.33 crore in the reporting quarter as compared to Rs 106.02 crore posted in the corresponding quarter last year (December 2007).

The housing finance company has posted a growth of 39.41 per cent in its total income for the three month period, which stood at Rs 765.09 crore from Rs 548.80 crore the previous year.