Net profit of Bharat Heavy Electricals (Bhel) rose 91.01% to Rs 687.66 crore in the quarter ended September 2007 as against Rs 360.01 crore during the previous quarter ended September 2006. Sales rose 18.68% to Rs 3965.36 crore in the quarter ended September 2007 as against Rs 3341.15 crore during the previous quarter ended September 2006.

Net profit of Housing Development Finance Corporation rose 75.64% to Rs 646.39 crore in the quarter ended September 2007 as against Rs 368.02 crore during the previous quarter ended September 2006. Sales rose 30.54% to Rs 1888.60 crore in the quarter ended September 2007 as against Rs 1446.79 crore during the previous quarter ended September 2006.

Hinduja Group is reportedly interested in holding a majority stake in state-owned Oil and Natural Gas Corporation's petroleum refining project in Kakinada, Andhra Pradesh.

A couple of private equity (PE) firms have evinced interest in picking up around 40 % stake in Valecha Infrastructure, a wholly-owned subsidiary of Valecha Engineering.

Duncan MacNeill group of the UK is likely to acquire Balmer Lawrie & Cos tea business in the UK. The UK group is controlled by the Jajodias of Assam Company.

EID Parry board has approved buy-back at maximum price of Rs 160 per share.

Reserve Bank of India has allowed the Foreign institutional investors (FIIs) to buy up to 49% in Provogue (India) and Kamdhenu Ispat.

The companies that will declare September 2007 quarter results today include: SAIL, DLF, Unitech, ONGC, Parsvnath Developers, Puravankara Projects, Sesa Goa, Tata Power, Tata Teleservices (TTML), Crompton Greaves, Adhunik Metaliks, Allcargo Global, Alstom Projects, BL Kashyap, Balaji Telefilm, Bombay Rayon Fashions, Bongaigaon Refinery, Cambridge Solutions, Centurion Bank Of Punjab, Chennai Petroleum, Engineers India, Era Constructions, Maharashtra Seamless, Mirc Electronics, Nestle India, Raj Television, Sterlite Optical, Tata Chemicals, Tata Elxsi, Torrent Pharma, Varun Shipping and Zylog Systems.

Net profit of Tata Tea declined 60.46% to Rs 64.81 crore in the quarter ended September 2007 as against Rs 163.92 crore during the previous quarter ended September 2006. Sales rose 16.44% to Rs 319.05 crore in the quarter ended September 2007 as against Rs 274.00 crore during the previous quarter ended September 2006.

Net profit of Gujarat Mineral Development Corporation rose 170.12% to Rs 41.76 crore in the quarter ended September 2007 as against Rs 15.46 crore during the previous quarter ended September 2006. Sales rose 57.80% to Rs 181.09 crore in the quarter ended September 2007 as against Rs 114.76 crore during the previous quarter ended September 2006.

Net profit of Sobha Developers rose 51.84% to Rs 56.18 crore in the quarter ended September 2007 as against Rs 37.00 crore during the previous quarter ended September 2006. Sales declined 0.24% to Rs 325.42 crore in the quarter ended September 2007 as against Rs 326.20 crore during the previous quarter ended September 2006.

Net profit of Titan Industries rose 43.88% to Rs 46.30 crore in the quarter ended September 2007 as against Rs 32.18 crore during the previous quarter ended September 2006. Sales rose 35.89% to Rs 711.40 crore in the quarter ended September 2007 as against Rs 523.53 crore during the previous quarter ended September 2006.

Akruti Nirman reported net profit of Rs 60.87 crore in the quarter ended September 2007. Sales reported at Rs 100.64 crore in the quarter ended September 2007.

Foreign institutional investors (FIIs) were net buyers of equity worth Rs 688.93 crore on Monday, 29 October 2007, while domestic institutional investors bought Rs 634.44 crore of equity on that day, according to provisional data released by NSE.

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