Company Results & Outlooks
REUTERS - Top Indian mobile carrier Bharti Airtel posted a 61 percent rise in quarterly profit on Tuesday but fell short of analyst estimates as its African business continued to weigh.
MUMBAI - Generic drugmaker Ranbaxy Laboratories Ltd posted a net loss for the quarter to end-June after making a provision related to "ongoing settlement discussions" with U.S. government authorities.
MUMBAI - ITC Ltd , India's largest cigarette maker, reported a better-than-expected 25 percent rise in quarterly sales as demand for smaller and cheaper cigarettes grew and its consumer goods business put in a stronger performance.
LONDON - Oil and gas producer BP reported a sharp rise in second quarter profits on Tuesday but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil company Rosneft.
MUMBAI/NEW DELHI - Larsen & Toubro Ltd (L&T) , one of India's biggest conglomerates, dampened hopes for a quick recovery in domestic demand and said international orders were fuelling its growth.
MUMBAI - Hindustan Unilever Ltd (HUL) sees no immediate sign of recovery in demand for consumer goods after a transport strike last year helped sales volume in April-June outgrow estimates for the first time in eight quarters.
PARIS - Dassault Aviation reported lower sales and operating profit due to weaker Falcon business jet deliveries and high R&D costs, but said it hoped to reach a long-awaited deal to sell 126 Rafale combat jets to India as quickly as possible.
BANGALORE - Wipro Ltd , India's third-biggest software services exporter, forecast strong revenue growth on the back of higher outsourcing spending by overseas clients and said it was focussing on winning more deals in Europe.
SAN FRANCISCO - Amazon.com Inc posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics.
HELSINKI - Nokia surprised investors with strong quarterly earnings and raised its full-year profit margin forecast as network operators install more powerful systems to cope with surging mobile data traffic.
MUMBAI - Flipkart, India's largest e-tailer, said on Tuesday it raised a fresh round of funding worth $1 billion as it tries to aggressively scale up after Amazon.com Inc's rapid expansion in the country has heated up competition.