Company Results & Outlooks


India's top bank SBI says bad loan pressure easing

MUMBAI/KOLKATA - State Bank of India, the nation's top lender by assets, posted better-than-expected quarterly bad debt levels on Friday and said it now expected an improvement, a long-awaited sign of easing pressure that helped its shares jump over five percent.

Cigarette maker ITC misses profit estimates

REUTERS - ITC Ltd, India's largest cigarette maker, reported a lower-than-expected quarterly profit as higher taxes on smokes and a government push to discourage tobacco consumption hurt business.

Top News 22 May 2015

DLF says improved sales at least a year away

MUMBAI - DLF Ltd, India's biggest listed property developer, posted a 22 percent slide in quarterly net profit amid a market slump due to high interest rates and weaker economic growth, and said it may take at least 12 months for sales momentum to improve.

Top News, 21 May 2015

Tata Steel sees rebound at home, another tough year in Europe

MUMBAI - Tata Steel Ltd said it expected a rebound in steel demand in its home market but another difficult year in Europe, after reporting a $889 million quarterly loss inflated by a hefty impairment on its UK business.

20 May 2015

Vodafone's return to growth hints at wider sector recovery

LONDON - Britain's Vodafone posted a rise in quarterly sales for the first time in nearly three years on Tuesday in the clearest sign yet that Europe's mobile market is edging towards recovery. | Video

19 May 2015

Vedanta Resources takes $4.5 billion writedown as oil drags

- Vedanta Resources Plc posted a full-year loss after a sharp drop in crude prices precipitated a $4.5 billion writedown related to its Indian oil and gas business.

14 May 2015

King Digital's shares 'crushed' after weak second-quarter bookings forecast

- King Digital Entertainment Plc's shares fell as much as 14.3 percent in after-market trading on Thursday, after the "Candy Crush Saga" creator said it expects changes in foreign currency and a lack of new releases to hurt its gross bookings for the current quarter.

15 May 2015

Symantec revenue misses Street on strong dollar

- Antivirus and security software maker Symantec Corp's quarterly profit and revenue missed Wall Street estimates, hurt by a strong dollar and lower demand for its consumer security products.

15 May 2015

Cisco profit edges past estimates despite weak telecom spending

- Cisco Systems Inc's quarterly profit edged past market estimates as demand for new switches, routers, wireless gear and servers made up for sluggish spending by telecom customers and weak sales in emerging markets.

14 May 2015

Toshiba eyes 3-yr profit markdown in accounts probe; impact seen limited, shares up

TOKYO - Japan's Toshiba Corp said an internal probe into accounting irregularities may mean it has to mark down three years of profit by about 7 percent, soothing investor fears the investigation might blow up into a bigger accounting scandal.

Japan, Tech, 14 May 2015

One year on, Prime Minister Modi courts India's poor

NEW DELHI - Prime Minister Narendra Modi told thousands of supporters his government was devoted to the poor on Monday, directly tackling criticism he has governed for the rich and failed farmers in his first year in office.