Software firm MindTree Ltd expects improvement in its operating margin for the financial year 2009 and revised its earnings guidance forecasts. The company said, "Members of the investor community have drawn attention to this. We have taken a fresh look at our EBITDA guidance and updated our estimates."

Stock price of the Vijay Mallya-promoted United Spirits witnessed steep decline of 30 per cent in the recent trading at Bombay Stock Exchange. The development came a day after the company announced its financial results for third quarter ended December 31, 08.

The company posted 65.29% decline in its net profit that adversely hit investor's confidence in the volatile market. Experts believe that its revenue may further drop amid tough conditions of financial market.

Educomp Solutions has approached the Economic Offences Wing of Delhi Police and the Cyber Cell to apprise them about malicious rumors by some elements to hamper its stock value.

The Managing Director and CEO of Educomp Solutions, Shantanu Prakash has expressed concerns over the conspiracy to malign the image of Indian corporate sector in general and the company in particular. It should be recalled that several news came out from different sources revealing that the accounts of company have been fudged.

The state-owned Nuclear Power Corporation of India Limited is planning to sign a deal with French energy major Areva to set up two new nuclear power reactors in Maharashtra. The move would help to resolve ever increasing energy needs of the country.

It should be recalled that India had signed a deal with France to co-operate in civil nuclear program. NPCIL and Areva had already signed a deal to provide 300 tonnes of Uranium for fuel deficient Indian nuclear reactors.

Zee Entertainment Enterprises Limited (ZEEL) has announced financial results for the third quarter ended December 31, 08. It posted 5 per cent growth rate in revenue which stood at Rs 5,456 million in December. Its year to year revenue posted 27% increase as compared same period last year.

Indian telecom sector continued to register growth in third quarter as well despite unfavorable conditions of financial market following global slowdown. It emerged as one of the fastest growing field of Indian economy by posting growth rate of 2.84 per cent last month. Telecom industry added 10.66 million new subscribers in December according to an official statement by the Telecom Regulatory Authority of India (TRAI).