Company Results & Outlooks
ITC profit rises 26 pct as price hikes aid
MUMBAI - ITC, India's largest cigarette maker, reported a better-than-expected 26 percent rise in quarterly profit as higher prices and strong results at its food and agricultural business protected margins from slipping cigarette volumes.
Jet Airways posts fifth quarterly loss
NEW DELHI - Jet Airways posted a fifth straight quarterly loss on Thursday, as the carrier continued to bear the brunt of high fuel costs and intense competition.
Reliance Power Q4 net up 23.5 pct
NEW DELHI - Reliance Power posted nearly a quarter rise in Jan-March profit on new capacity while scarce and expensive fuel kept prospects at some of its key projects clouded.
Novelis posts loss; sees demand rising
REUTERS - Novelis, the U.S. unit of India's largest aluminum producer HindalCo Industries Ltd , posted a quarterly loss, hurt by lower average aluminum prices and sales.
MakeMyTrip sees subdued growth in air ticketing business
REUTERS - MakeMyTrip , the largest online travel booking company in India, expects its air ticketing business to grow at a slower pace unless the Indian government approves foreign investment in the aviation industry and helps boost capacity.
Lenovo Q4 net profit up 59 pct, meets forecasts
HONG KONG - Strong sales in China helped Lenovo Group Ltd post a 59 percent rise in fourth-quarter net profit on Wednesday, meeting analyst expectations, as the world's No.2 PC maker begins to diversify more aggressively into smartphones, tablet PCs and smart TVs.
Vodafone takes 4 bln stg writedown on European weakness
LONDON - Mobile operator Vodafone wrote down the value of its assets by 4 billion pounds and cut its medium-term sales target on Tuesday, as the debt crisis hit customers in southern Europe, forcing them to save money on phone calls.
Tata Comm Q4 consolidated loss widens
REUTERS - Tata Communications reported a wider fourth-quarter consolidated loss, hit by higher costs and dragged by its South African unit, keeping the international telecoms carrier in the red for the third straight year.
Vodafone cuts sales target on weak European markets
LONDON - Vodafone cut a medium-term sales growth target on Tuesday as customers in southern Europe slashed spending and regulators upped the pressure on the world's largest mobile operator.
Marks & Spencer posts first profit fall in 3 years
LONDON - Bellwether British retailer Marks & Spencer posted a 1.2 percent fall in full-year underlying profit, its first decline in three years, as even its relatively older and more affluent customers were touched by the economic downturn.
Under pressure, govt to review steep petrol hike
NEW DELHI - India's coalition government opened the way for a partial rollback of the steepest petrol hike in the country's history after two days of street protests and dissent from within its own ranks over the unpopular measure.
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
