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India

Company Results & Outlooks

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Man Utd quarterly profit falls by a quarter on lower matchday revenue

English soccer club Manchester United posted a 25 percent fall in quarterly core earnings as its absence from the lucrative Champions League competition and fewer home games at the start of the season hit its matchday revenue.

Wal-Mart's comparable sales miss estimates

CHICAGO Wal-Mart Stores Inc reported lower-than-expected quarterly sales at established U.S. stores on Thursday but raised the lower end of its profit forecast for the fiscal year.

17 Nov 2016

Target expresses confidence about holiday sales; shares rise

CHICAGO Target Corp on Wednesday reported a much higher-than-expected quarterly profit after benefiting from a strong back-to-school shopping season and increased online sales, and it gave an optimistic outlook for the all-important holiday period. | Video

16 Nov 2016

ABN Amro Q3 profit up 19 percent; to shed more jobs

AMSTERDAM ABN Amro Group announced new job cuts on Wednesday and acknowledged it is holding more capital than planned as it reported a 19 percent rise in third-quarter underlying profit. | Video

16 Nov 2016

Vodafone takes $5 billion charge against new price war in India

LONDON Mobile telecoms group Vodafone reported a first-half net loss of 5 billion euros ($5.5 billion) on Tuesday after writing down the value of its Indian business by the same amount due to the start of a price war sparked by a powerful new rival.

Top News, 15 Nov 2016

Tata Motors quarterly profit falls short of estimates

NEW DELHI India's Tata Motors Ltd on Monday posted a quarterly net profit but missed estimates due to higher realised hedging losses and a one-time provision at its British luxury unit Jaguar Land Rover, the company said in a statement.

Top News 14 Nov 2016

Ferragamo's falling Europe sales weigh on 9-month revenue, core profits

MILAN Italian luxury group Salvatore Ferragamo posted on Monday a 0.7 percent fall in 9-month core profits, just below expectations, dragged by falling revenues in Europe.

14 Nov 2016

Indian satellite TV operators Dish and Videocon d2h to merge

MUMBAI Indian satellite TV operator Dish TV India Ltd said on Friday it planned to merge with rival Videocon d2h Ltd to create a new company with net subscribers of 27.6 million, strengthening its lead in India's fast-growing direct-to-home (DTH) operator market.

11 Nov 2016

State Bank of India Q2 net profit falls more than a third as bad loans rise

MUMBAI State Bank of India, the nation's biggest lender by assets, said on Friday its second-quarter net profit tumbled 35 percent, matching estimates, as provisions for bad loans jumped.

11 Nov 2016

Pimco stops rot as Allianz beats quarterly forecasts

LONDON Europe's largest insurer Allianz signalled it might return cash to shareholders after reporting forecast-beating quarterly earnings on Friday and the first positive flows into U.S. bond fund manager Pimco in over three years.

11 Nov 2016
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India fails to break deadlock on GST

NEW DELHI Finance Minister Arun Jaitley's plan to launch a new national sales tax next April got a jolt on Saturday after a two-day meeting with state officials ended without the resolution of a deadlock on who would administer the tax.