Company Results & Outlooks


Cost squeeze helps VW brand back to profit after diesel debacle

BERLIN Volkswagen's mass-market VW brand returned to profit in the first quarter, in a sign deep cost cutting is starting to revive the business at the heart of the German carmaker's emissions test cheating scandal. | Video

Aurobindo Pharma fourth quarter profit jumps 40 percent; shares rise 4 percent

MUMBAI Aurobindo Pharma Ltd , India's fourth-largest drugmaker by sales, said higher sales in the United States and emerging markets helped its fourth-quarter net profit grow 40 percent, above estimates, sending shares up as much as 4 percent.

Top News, 31 May 2016

Sun Pharma forecasts annual sales below estimates, shares fall

MUMBAI India's Sun Pharmaceutical Industries Ltd issued a weaker-than expected annual sales outlook as it grapples with increased competition in the United States as well as supply constraints, sending its shares 5 percent lower.

Top News, 31 May 2016

Strong Jaguar Land Rover sales drive tripling of profit at Tata Motors

MUMBAI Strong sales by luxury vehicle maker Jaguar Land Rover and higher demand for trucks in its home market powered a tripling of net profit at India's Tata Motors Ltd in the latest quarter.

Top News, 31 May 2016

Reliance Communications Q4 net profit falls 22 percent

MUMBAI Reliance Communications Ltd on Monday posted a 22 percent fall in its fourth-quarter net profit, hurt by lower revenue from voice and data services.

Top News 30 May 2016

Rocket Internet stems losses despite slower sales growth

BERLIN The major start-ups of international ecommerce investor Rocket Internet managed to reduce their losses in the first quarter, the German company said on Tuesday, although revenue growth slowed and even went into reverse at two general merchandise sites.

Tech, 31 May 2016

Mahindra net profit rises on new SUVs, truck sales

MUMBAI Mahindra & Mahindra Ltd, India's top-selling utility vehicle maker, expects its automotive and tractor units to grow faster than the industry this fiscal year, an executive said after the company posted a rise in quarterly profit.

Top News, 30 May 2016

State Bank of India's outlook eases pain of profit fall

MUMBAI/KOLKATA, India State Bank of India (SBI) reported its sharpest quarterly profit drop in five years on Friday but cheered investors by saying that fewer than feared of its loans risked turning sour.

Top News 27 May 2016

Canara Bank reports $583 million loss in fourth quarter

MUMBAI State-run Canara Bank reported on Friday a fourth-quarter net loss of 39.05 billion rupees ($583 million) as provisions, including those to cover sour debt, jumped six times.

Top News 27 May 2016

Jet Airways reports first annual profit since 2007

NEW DELHI Jet Airways, India's second-biggest airline by passengers, reported an annual profit on Thursday for the first time since 2007 and a year ahead of schedule under its 2014 turnaround plan.


Asia stocks sag as oil slip dampens sentiment, dollar stalls

TOKYO Asian stocks sagged on Wednesday as a slip in crude oil prices dampened investors' appetite for riskier assets, while the recently bullish dollar stalled against the euro and yen following a mixed bag of U.S. economic data.