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Earnings misses, rising debts: Indian Railways turnaround hits buffers

GHAZIABAD, India India's mammoth state railways, much of them stuck in colonial times, have missed earnings targets for the third straight year and debts have shot up, documents seen by Reuters show, raising doubts about an ambitious modernisation drive.

Recent Business News

Amazon's results beat estimates, lifted by cloud unit; shares hit high

Amazon.com Inc on Thursday said revenue from its cloud business, advertising and subscription services rose in the first quarter, helping it beat profit expectations and sending its shares to an all-time high in extended trading.

Budget 2017, Tech 3:30am IST

Microsoft Surface sales sink, shares dip

Microsoft Corp slightly missed Wall Street's average revenue estimate for the latest quarter on Thursday, as sales of its Surface tablets and laptops slumped in the face of revamped competition in the personal computer market.

Tech, Budget 2017, 4:41am IST

Starbucks results disappoint, new CEO must brew up growth

LOS ANGELES Starbucks Corp's new chief executive has a tall order to fill in keeping the world's biggest coffee chain's promise to return to historic growth rates amidst stubborn U.S. restaurant and retail slumps.

Budget 2017, 4:44am IST

Earnings lift Nasdaq to record; Amazon, Alphabet up after hours

NEW YORK The Nasdaq Composite ended at a record high on Thursday, boosted by results-related gains in Comcast, PayPal and Intuit, while the S&P 500 and the Dow were little changed. | Video

Budget 2017, 3:42am IST

Manufacturers, Wall Street getting Trump's ear in first 100 days

WASHINGTON Manufacturers and Wall Street have led the quest for business access to President Donald Trump in his first 100 days in office, with media companies and Silicon Valley seldom entering the presidential bubble, a Reuters review found.

Budget 2017, 27 Apr 2017

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