It was today informed by Vedanta group firm Madras Aluminium Company that for the Q3 ended 31st December, the net loss of the company stood at Rs 7.13 crore, while it had a net profit of Rs 14.72 crore for the same quarter in the previous fiscal.

It was informed by the company that a proposal from the promoter, Twinstar Holdings has been received by its board, in which the former has offered to acquire the remaining 20 per cent stake in Malco, following which the shares of the firm would be delisted from the stock exchanges.

Sterlite Technologies Ltd, a part of Sterlite group, has declared the results for the three month period ended December 31, 2008.

The leading global provider of wire and cable solutions for the power and telecom industry has posted a growth of 19.13 per cent in net profit for the three month period, which stood at 314.50 million from Rs 264 million the previous year.

The company was greatly helped by cutting costs and excess inventory, sharp rise in order book plus new customers.

Infrastructure conglomerate Jaiprakash Associates Ltd (JAL) has announced the results for the three month period ended December 31, 2008.

The flagship of Jaypee Group has posted a growth of six per cent (6%) in profit after tax (PAT) for the three month period, which stood at Rs 165.51 crore from Rs 155.8 crore the previous year.

There was an increase by 44.49 per cent to Rs 1,447.12 crore from Rs 1,001.57 crore the previous year in the total inclone of the company for the quarter.

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.

A quite bigger than expected quarterly loss was posted by the world number three mobile phone maker Sony Ericsson and the company also informed regarding its plans for further cost cuts, possibly including jobs, as it braced for even weaker demand.

It was reported by President Dick Komiyama that this year will see shrinkage of global demand by at least 5 percent. It was further informed by him that market share was less of a main concern than preserving profitability.

A 262 million Euro ($346 million) pretax loss in the three months to end-December was made by Sony Ericson. A profit of 501 million was registerd a year earlier with Ericsson and Sony venture.

Automobile giant, Bajaj Auto posted 22.43 per cent decline in net profit for the quarter ended December 2008. Its net profit stands at Rs 166 crore as against Rs 214 crore in the same period last year.

Decline in vehicle sales and tight liquidity conditions contributed to the decline in profit for the quarter under consideration.

Company's turnover declined 15.84 percent and currently stands at Rs 2,141 crore. It sold 493,748 units of vehicles with 31 per cent decline as compared to 713,135 units sold in the same period last year.