Company Results & Outlooks

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Bharti Airtel misses quarterly profit estimate on Africa woes

REUTERS - Top Indian mobile carrier Bharti Airtel posted a 61 percent rise in quarterly profit on Tuesday but fell short of analyst estimates as its African business continued to weigh.

Ranbaxy posts loss on provision for U.S. settlement

MUMBAI - Generic drugmaker Ranbaxy Laboratories Ltd posted a net loss for the quarter to end-June after making a provision related to "ongoing settlement discussions" with U.S. government authorities.

29 Jul 2014

ITC Q1 sales jump on demand for smaller smokes, consumer goods

MUMBAI - ITC Ltd , India's largest cigarette maker, reported a better-than-expected 25 percent rise in quarterly sales as demand for smaller and cheaper cigarettes grew and its consumer goods business put in a stronger performance.

29 Jul 2014

BP profit jumps but warns of Russia sanctions impact

LONDON - Oil and gas producer BP reported a sharp rise in second quarter profits on Tuesday but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil company Rosneft.

29 Jul 2014

L&T Q1 revenue $3.2 billion, beats analyst estimates

MUMBAI/NEW DELHI - Larsen & Toubro Ltd (L&T) , one of India's biggest conglomerates, dampened hopes for a quick recovery in domestic demand and said international orders were fuelling its growth.

28 Jul 2014

Hindustan Unilever sees no demand recovery though sales improve

MUMBAI - Hindustan Unilever Ltd (HUL) sees no immediate sign of recovery in demand for consumer goods after a transport strike last year helped sales volume in April-June outgrow estimates for the first time in eight quarters.

28 Jul 2014

Dassault Aviation H1 profit falls, hopes for India deal soon

PARIS - Dassault Aviation reported lower sales and operating profit due to weaker Falcon business jet deliveries and high R&D costs, but said it hoped to reach a long-awaited deal to sell 126 Rafale combat jets to India as quickly as possible.

25 Jul 2014

Wipro sees strong sales growth, eyes Europe deals

BANGALORE - Wipro Ltd , India's third-biggest software services exporter, forecast strong revenue growth on the back of higher outsourcing spending by overseas clients and said it was focussing on winning more deals in Europe.

24 Jul 2014

Amazon's heavy investing eats into bottom line, shares drop

SAN FRANCISCO - Amazon.com Inc posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics.

25 Jul 2014

Nokia's fortunes brighten on heavy network spending

HELSINKI - Nokia surprised investors with strong quarterly earnings and raised its full-year profit margin forecast as network operators install more powerful systems to cope with surging mobile data traffic.

Tech 24 Jul 2014

E-tailer Flipkart raises $1 billion in funding

MUMBAI - Flipkart, India's largest e-tailer, said on Tuesday it raised a fresh round of funding worth $1 billion as it tries to aggressively scale up after Amazon.com Inc's rapid expansion in the country has heated up competition.