Company Results & Outlooks

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HP fourth-quarter revenue drops on weak enterprise demand

REUTERS - Hewlett-Packard Co said its quarterly revenue fell in almost every business segment over the year, highlighting weaknesses ahead of the company's planned 2015 separation of its enterprise services from its traditional computer and printing units.

Gap revenue misses estimate

- Apparel retailer Gap Inc reported lower-than-expected quarterly revenue, hurt by a 5.5 percent fall in the U.S. sales of its namesake brand.

21 Nov 2014

SpiceJet cuts Q2 losses after filling more seats

NEW DELHI - Indian budget carrier SpiceJet Ltd lost 3.1 billion rupees ($50.2 million) in the three months to Sept. 30, the company said late on Friday, less than the 5.6 billion rupees it lost last year after it lowered fares to fill more seats.

Top News, 15 Nov 2014

ONGC posts profit drop, to invest $1.7 bln in domestic offshore

MUMBAI - Oil and Natural Gas Corp (ONGC) on Friday posted a 10 percent fall in quarterly profit, its first drop after four quarters of growth, as lower crude prices hurt profitability from both onshore and offshore blocks.

14 Nov 2014

Reliance Communications Q2 profit misses estimates

MUMBAI - Reliance Communications, India's fourth-biggest mobile carrier, missed second-quarter profit estimates, partly hurt by fewer customers joining its network as compared to rivals.

14 Nov 2014

Weaker Indian car sales dent profits for Tata Motors

NEW DELHI/MUMBAI - Tata Motors Ltd , India's biggest automaker by revenue, said profit dropped seven percent in the second quarter, disappointing market expectations of a rise after a sharp drop in car sales at home.

Nokia's cautious forecast on profit margins disappoints investors

HELSINKI/LONDON - Nokia predicted on Friday a return to growth for sales in its core network equipment and services business next year and lifted its long-term profit margin target after meeting strong demand for 4G mobile broadband networks this year.

Tech, 14 Nov 2014

SBI warns improving loan quality will take time

MUMBAI - State Bank of India, India's largest lender, warned on Friday there would be no quick fix for the country's banks, as improvements in loan quality will be gradual while a pick-up in credit demand could be a year away.

14 Nov 2014

Airbus profits rise but A400M problems resurface

PARIS - Airbus Group reported a stronger-than-expected 12 percent rise in nine-month underlying operating profit on Friday, led by its planemaking and helicopter divisions, and reaffirmed its profit forecasts for the year.

Aerospace & Defence 14 Nov 2014

Debt-burdened real estate firm DLF posts higher profit

NEW DELHI - India's largest real estate developer, debt-laden DLF Ltd , said cost cuts helped its second-quarter profit rise 9 percent as it bids to position itself for what it hopes will be a property demand revival helped by a pickup in economic growth.

14 Nov 2014

ISRO tests its heaviest space launch vehicle, eyes global market

NEW DELHI - India's space agency successfully tested on Thursday its most powerful satellite launch vehicle that can put heavier payloads into space, and, it hopes, win India a bigger slice of the $300 billion global space industry.