Leading public sector lender Indian Bank has announced its financial results for the third quarter of the current financial year. The bank posted 14 per cent increase in net profit which stands at Rs 350.70 crore as compared to Rs 307.50 in the same period last quarter.

Its total income increased to Rs 2071.37 crore as compared to Rs 1676.00 crore in previous quarter.

The bank said in a filing before BSE, "The additional segments of corporate banking and retail banking have been included for the quarter and for the nine months ended

Leading pharmaceutical company Dr. Reddy's Laboratories announced its financial results for the third quarter ended December 31, 08. The company posted net profit of
192.40-crore in the reporting period as compared to loss of Rs 121.30 crore in the same period last year.

Its revenue stood at Rs 1,840 crore in Q3 as compared to Rs 1,231 crore in the third quarter of financial year 2007-08.

Hero Honda Motors Ltd has announced financial results for third quarter of this financial year. The auto maker reported 7.1 per cent increase for Q3 despite 4 per cent drop in sales.

It should be recalled that government had announced 4 per cent excise duty cut in the economic booster package which helped to propel demand in automobile sector. Banks had also cut auto interest rates in line with key rate revision by Reserve Bank.

A 67% increase in net profit for the third quarter ended December 2008 at Rs 6.93 crore as against Rs 4.15 crore posted in the corresponding quarter last year was today posted by United Breweries Holdings.

It should be noted however, that total income of the company in the quarter saw a decline by 11% to Rs 91.75 crore when compared to Rs 102.91 crore in the same quarter last year.

There has been a decrease by 8% at Rs 51 crore in the company's total expenditure in the quarter as compared to Rs 55.25 crore in the corresponding quarter last year.

Around 4,000 employees are looking forward to a chance to get their jobs back at the JK Cotton mill in Kanpur, which closed 20 year ago and will re-open on Monday. The JK Group officials informed that most probably, the mill, which will re-open on Monday, will start functioning in full-swing in the next three months, since it needs to go under several repairs prior to it.

The mill was shut down by the management in May 1989, when a strike was announced by the workers, the closing down led to loss of jobs for around 4,000 workers.

Federal Bank was immensely helped by the sharp rise in other income and lower interest income to approximately double its net profit for the third quarter ending December 31, 2009 to Rs 203.89 cr from Rs 102.92 cr the previous fiscal.

The net profit of the bank had a rise by 45.67% to Rs 386.32 crore for the nine month ended December 31.

There was an increase by 94% to Rs 164.81 cr from Rs 84.95 cr the previous year in the other income of the bank for the quarter while an increase by 35.11% was noted in the interest income.