Shoe-maker Mirza International said on Saturday, its board approved splitting each share into five, and raising $50 million to fund ongoing expansion.

Federal Bank reported a net profit of Rs 83.84 crore in December 2006 quarter, compared to a net profit of Rs 71.64 crore in December 2005 quarter. The private bank’s total income went up to Rs 498.57 crore from Rs 410.87 crore.

Pidilite Industries said on Thursday it had acquired 75% in Pagel Concrete Technologies. It is in the business of cementitious grouts and allied products in technical and financial collaboration with Pagel Spezial-Beton Gmbh & Co. Kg, Germany.

Oriental Hotels reported a net profit of Rs 9.92 crore in December 2006 quarter, compared to a net profit of Rs 11.50 crore in December 2005 quarter. Income from operations went up to Rs 50.40 crore from Rs 11.50 crore.

Apar Industries reported a net profit of Rs 12.01 crore in December 2006 quarter, compared to a net profit of Rs 9.90 crore in December 2005 quarter. Net sales went up to Rs 361.31 crore (Rs 277.76 crore).

Tata Coffee reported a net profit of Rs 3.52 crore in December 2006 quarter, compared to a net profit of Rs 4.81 crore in December 2005 quarter. Net sales went up to Rs 64.50 crore from Rs 49.09 crore.

Deccan Aviation posted a maiden net profit after its listing, in December 2006 quarter, helped by assignment of aircraft purchase rights and rising ticket yields. It posted a net profit of Rs 9.64 crore on revenue of Rs 637 crore in December 2006 quarter. The company, which runs budget airline Air Deccan, received Rs 133 crore in December 2006 quarter for selling aircraft purchase contracts to a company set up in the Cayman Islands and funded by Investec and HSH Nord Bank AG. Under the deal, Deccan transferred the rights for purchase of 60 Airbus A-320 aircraft to the Cayman Islands-based firm for $100 million.

Man Industries reported a net profit of Rs 16.47 crore in December 2006 quarter, compared to a net profit of Rs 7.83 crore in December 2005 quarter. Net sales surged to Rs 327.11 crore from Rs 206.49 crore.

Himatsingka Seide said on Monday it agreed to buy 70% in Italy's bed linen retailer Giuseppe Bellora SPA. Himatsingka did not disclose the deal value, but in a statement said Bellora had revenues of Euros 29 million in 2006.

JK Cement said late on Saturday it had taken over the assets of Nihon Nirmaan from lender IDBI for Rs 42 crore. JK plans to make 3,00,000-3,50,000 tonnes of grey cement at the unit. JK's current capacity stands at 4 million tonnes of grey cement and 3,50,000 tonnes of white cement.

The major Q3 results today are Steel Authority of India, L&T, Indian Oil Corporation, BPCL and Tata Power Company. Other results include the likes of Aditya Birla Nuvo, Alok Industries, Alstom Projects. Andhra Bank, Asian Paints, Bajaj Hindustan, Ballarpur Industries, Bharati Shipyard, Britannia Industries, Deepak Fertilisers, Dishman Pharma, Finolex Industries, Gokaldas Exports, IBP, IFCI, Madhucon Projects, Maharashtra Seamless, Punj Lloyd, Sesa Goa, Subex Azure, Sun TV, UCO Bank, Welspun-Gujarat Stahl Rohren and Zee News.