Company Results & Outlooks

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M&M Q2 net profit down 4 pct, hit by poor monsoon

NEW DELHI - Automaker Mahindra and Mahindra Ltd posted a 4 percent drop in second-quarter net profit, missing analyst estimates, after a poor and delayed monsoon hit demand for its tractors.

Leaner Sony gains smartphone lift despite its own mobile malaise

TOKYO - Sony Corp posted a smaller than expected second-quarter operating loss on Friday, hailed by its finance chief as proof that the Japanese group's restructuring programme is paying off.

Tech, Japan 31 Oct 2014

Citigroup sets aside $600 million more to cover legal costs

- Citigroup Inc said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to "rapidly evolving regulatory inquiries," while also disclosing that it was subject to foreign exchange market probes.

31 Oct 2014

Bharti Airtel Q2 net profit doubles as India market turns corner

MUMBAI - Bharti Airtel Ltd, India's top telecommunications carrier, reported a more than doubling of quarterly profit, beating street estimates, on higher voice call prices and rapid growth in mobile data usage.

30 Oct 2014

ICICI Bank posts record Q2 profit, but bad loans rise

MUMBAI - ICICI Bank Ltd, India's biggest private sector lender, reported a record quarterly profit on Thursday that beat analyst estimates, but bad loans rose and sent its shares lower.

30 Oct 2014

Maruti Suzuki says car sales growth cooling

MUMBAI - India's biggest carmaker Maruti Suzuki India Ltd said growth in car sales would slow in the second half of the year, dampening expectations of a rapid recovery in the country's automotive market.

Thomson Reuters financial products sales improve

NEW YORK - News and information company Thomson Reuters Corp on Thursday said more clients of its Financial & Risk business added new products than cancelled, the first time since 2008 that net sales were positive in the Americas, Asia and Europe.

30 Oct 2014

New York Times profit beats estimates on strong digital growth

REUTERS - Newspaper publisher New York Times Co reported a bigger-than-expected quarterly adjusted profit, as a 17 percent rise in digital subscription sales offset a decline in print advertising revenue.

30 Oct 2014

Visa sees mobile payment as big growth driver

REUTERS - Visa Inc reported a better-than-expected adjusted quarterly profit and said the mobile payment industry would be "a great driver" for business, sending its shares up nearly 4 percent in extended trading.

Tech, 30 Oct 2014

Dr Reddy's second-quarter profit falls 17 percent

MUMBAI - Dr Reddy's Laboratories Ltd, India's second-largest drugmaker by revenue, reported a 17 percent drop in its second-quarter profit due to higher costs, pushing its shares down nearly 3 percent on Wednesday.

29 Oct 2014
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India's fiscal deficit in H1 almost 83 pct of full-year target

NEW DELHI - India's fiscal deficit reached nearly 83 percent of its full-year target in the first half of the year, giving the government a tough job meeting its budget target even with help from a fall in global crude prices that will reduce the oil subsidy bill.