Corporate News Headline
Reliance Capital reported Q3’09 results, total revenue increased 38.36% yoy to Rs. 15.7 bn, and net profit rose 13.34% yoy to Rs. 1.32 bn. (ET)

Hero Honda reported Q3’09 results, total revenue increased 4.63% yoy to Rs. 29.25 bn, and net profit rose 9.23% yoy to Rs. 3 bn. (BS)

NTPC and Coal India Limited have decided to sign an agreement to always maintain 75% fuel supply for the Company. (ET

Economic and Political Headline
The Central Electricity Regulatory Commission has increased the Return on Equity (ROE) for the power companies to 15.5% from the existing 14%. It is applicable on projects from 2009 to 2014 and the ROE for projects completed on scheduled would be calculated at 16%. (ET)

The Planning Commission Deputy Chairman Montek Singh Ahluwalia has said that the government will not change the tax structure during the current fiscal, ending March 31, setting at rest speculation about the possibility of tax cuts to boost growth. (BS)

The UK inflation rate fell to 3.1% in December from a year earlier, compared with 4.1% in the previous month as tax cuts and the deepening recession eased price pressures across the economy. (Bloomberg)