Hero MotoCorp falls after Dec quarter earnings miss estimates
MUMBAI (Reuters) - Hero MotoCorp (HROM.NS) shares fell as much as 4.8 percent after the company reported lower-than-expected Oct-Dec earnings on Thursday.
India's largest motorcycle maker missed estimates for the fourth straight quarter as net profit fell 20.4 percent on rising costs and falling sales that battered margins.
(Reporting by Abhishek Vishnoi; Editing by Anand Basu)
- Tweet this
- Share this
- Digg this
- Weinstein brothers sue Time Warner over 'Hobbit' films
- UPDATE 2-Budget deal headed to vote in U.S. House, passage predicted
- SPECIAL REPORT - In the land of the holy cow, fury over beef exports
- U.S. foundation buys Hopi masks at auction to return to tribe
- CANADA STOCKS-Fed fears yank TSX to biggest drop in 5-1/2 months
One night in August on the Delhi-Jaipur highway, an angry mob ran amok. The rioters were incensed over an issue arguably as old as India itself: the eating of beef. Perhaps surprisingly in a country where so many people view cows as sacred, India could soon become the world's biggest beef exporter, according to the United States Department of Agriculture (USDA). Full Article
Amount of dirty money leaving developing world jumped 14 pct in 2011 - report. Full Article