Headline Reviews.

Wipro reported a 41% rise in cons. net profit at Rs 765 cr for the
qtr ended Dec’06 compared with Rs 543 cr in the qtr ended
Dec’05. –BS
n NIIT Technologies reported 47% increase in cons. revenue at
Rs 231.5 cr and a 92% YoY increase in net profit at Rs 34.6 cr for
the third qtr ended Dec’06. –BS
n Infotech Enterprises has recorded 52.1% increase in revenues
at Rs 143 cr in the third qtr ending Dec’06 compared to Rs 94 cr
in qtr ending Dec’05. –ET
n SQL Star International is looking at acquisitions in the US. It is
also planning to raise $20 mn for funding its inorganic growth
plans besides investing in the current lines of business. –ET
n Lupin reported a cons. net profit of Rs 62.02 cr for the third qtr
ended Dec’06. Total income stood at Rs 515.32 crore. –BS
n The board of BAG Films cleared a proposal to issue 2.025 cr of
Rs 2 each at Rs 13 per share Sameer Gehlaut, one of the
promoters of Indiabulls. –ET
n Virgin Mobile is readying to enter the Indian market in a venture
with Tata Teleservices (Maharashtra) Ltd. –ET
n L&T has signed a JV agreement with A A Turki Contracting &
Trading Corporation of the Kingdom of Saudi Arabia. –BS
n ICSA Ltd has attracted foreign investment of $52 mn through 2
deals – A private placement to Citigroup Venture Capital of $30
mn and FCCB issue to Investment banking firm Goldman Sachs
of $22 mn. –ET
n The board of TV Today Network will meet on January 29, 2007 to
consider buy-back of shares up to 5% of the paid up capital and
free reserves aggregating approximately Rs 23 crore. –BS
n ABG Shipyard has secured an order worth $229 mn for
construction of 12 vessels from Singapore’s Pacific First
Shipping Pte. –ET
n Yemen has invited ONGC to set up a 1 bn dollars refinery on its
Arabian coast. –ET
n Lakshmi Mittal may take 49% stake in HPCL’s $3 bn, underconstruction
refinery in Bhatinda, Punjab while state-run OIL is
likely to get 15% equity stake, leaving HPCL with 36%. –BS