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India

Company Results & Outlooks

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Accenture's full-year profit forecast disappoints, shares fall

Consulting and outsourcing services provider Accenture Plc slightly raised its full-year profit forecast, but the revised outlook was still largely below market expectations, sending the company's shares down as much as 4.5 percent.

Chinese selfie app firm Meitu reduces loss, aims for expansion abroad

HONG KONG Chinese photo app owner and mobile phone maker Meitu Inc's net loss last year was down by 24 percent, the company reported on Friday, in its first results since its shares made their market debut in Hong Kong in December.

24 Mar 2017

Ford forecasts drop in first quarter and 2017 profit due to higher costs

Ford Motors on Thursday said it expects its 2017 adjusted pretax profit be lower than a year earlier due to investments in ventures including self-driving cars.

Budget 2017, 23 Mar 2017

Higher investments, sales drop to weigh on Ford Q1 earnings

DETROIT Ford Motor Co said on Thursday it expects lower earnings per share in the first quarter and lower pretax profit in 2017 due to higher spending on commodities, warranties and investments and a drop in sales volumes especially fleet sales.

Budget 2017, 23 Mar 2017

Deutsche Bank kicks off capital hike with steady 2017 forecast

FRANKFURT Deutsche Bank, which is seeking to raise 8 billion euro ($8.6 billion) from shareholders, predicted on Monday that group revenues would be steady in 2017 as it reported a strong start to the year in bond trading. | Video

Budget 2017, 20 Mar 2017

UK's Sainsbury's warns higher cost prices making life harder

LONDON Sainsbury's, Britain's second biggest retailer, cautioned that cost price pressures would weigh on its business this year as it reported a small decline in underlying sales over the last three months.

Budget 2017, 16 Mar 2017

Lufthansa's shares get a lift from brighter profit outlook

MUNICH Lufthansa expects profits to fall only slightly this year despite lower fares and a rising fuel bill, the German airline said on Thursday, fresh from clinching a long-sought deal on pay and pensions with its pilots this week.

Volkswagen leaves door open on M&A as VW brand struggles

WOLFSBURG, Germany Volkswagen left the door open to a potential tie-up with Fiat Chrysler or another rival on Tuesday, as a drop in operating profit at its biggest car brand showed the challenges it still faces 18 months on from its emissions scandal. | Video

Tech, Budget 2017, 14 Mar 2017

Prudential posts record operating profit on overseas gains

LONDON British insurer Prudential reported a record 2016 operating profit of 4.3 billion pounds ($5.16 billion) on Tuesday, as growth in its Asia and U.S. operations outweighed a decline in its domestic market.

Budget 2017, 14 Mar 2017

Malaysia's Petronas warns on 2017 outlook despite swing to Q4 profit

KUALA LUMPUR Malaysia's Petroliam Nasional Bhd warned on Tuesday of a cautious outlook for 2017, although sharp cutbacks in expenses by the state-run oil major allowed it to swing to a fourth-quarter profit from a loss in the year-ago period.

Budget 2017, 14 Mar 2017
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India's market regulator accuses Reliance of wrongful share trading

MUMBAI India's market regulator accused Reliance Industries on Friday of having committed a "fraud" in taking a short trading position at the time of selling a stake in a subsidiary in 2007, ordering it to surrender 4.5 billion rupees ($69 million) plus interest in "unlawful gains".