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India

Company Results & Outlooks

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ICICI Bank's dim view of bad loans drives quarterly profit to decade low

MUMBAI ICICI Bank , India's largest private sector lender, expects more loans made to sectors like steel may sour, a belief that forced it to set aside a bigger sum to cover any losses from them and drove its quarterly profit down to a decade low.

Amazon's profit and revenue surge sweeps away doubts

Amazon.com Inc's shares jumped in early trading on Friday, a day after the company reported profit and revenue that swept away analysts' estimates along with doubts about the online retailer's investment spree.

30 Apr 2016

Owner of IndiGo airline posts 53 percent rise in annual profit

NEW DELHI InterGlobe Aviation, owner of Indian airline IndiGo, reported on Friday a 53 percent jump in full-year net profit to 19.9 billion rupees ($299.9 million), helped by the rapid growth of revenue at its budget carrier.

29 Apr 2016

LinkedIn raises forecast on robust demand for hiring services

LinkedIn Corp , the operator of the world's largest online network for professionals, raised its 2016 revenue and profit forecast as demand rises for its hiring services and its advertising revenue growth accelerates. | Video

Tech 29 Apr 2016

Expedia posts surprise profit as acquisitions pay off

Expedia Inc , the world's largest online travel services company by bookings, posted a surprise quarterly profit as a string of acquisitions helped boost revenue.

29 Apr 2016

Amazon profit crushes estimates as cloud-service revenue soars

Amazon.com Inc on Thursday reported profit and revenue that blew past analysts' expectations, sending its shares soaring in after-hours trading and demonstrating the growing market power of its core retail business and new cloud services division. | Video

Tech, Top News 29 Apr 2016

Chinese search leader Baidu's profits sink to 4-year low

BEIJING Chinese search leader Baidu Inc's first-quarter net income fell to its lowest level since 2012 and revenue grew at its slowest pace in more than seven years, as its long decline from previously heady growth continued.

29 Apr 2016

Singapore's OCBC profit dips as Asian banking outlook dims

SINGAPORE Oversea-Chinese Banking Corp, Singapore's second-biggest lender, warned of sluggish loan growth this year and risks from the offshore marine sector due to weak commodity prices, as it posted its smallest profit in more than a year.

29 Apr 2016

Facebook revenue smashes expectations as mobile ad sales surge

Facebook Inc's quarterly revenue rose more than 50 percent, handily beating Wall Street expectations as its wildly popular mobile app and a push into live video lured new advertisers and encouraged existing ones to boost spending. | Video

Top News, Tech, Facebook 28 Apr 2016