Company Results & Outlooks
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.
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.
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.
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.
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
- 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.
- 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.
- 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.
- 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.
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.
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.