Company Results & Outlooks
TOKYO - Sony Corp posted a smaller than expected second-quarter operating loss on Friday, hailed by its finance chief as proof that the Japanese group's restructuring programme is paying off.
- Citigroup Inc said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to "rapidly evolving regulatory inquiries," while also disclosing that it was subject to foreign exchange market probes.
MUMBAI - Bharti Airtel Ltd, India's top telecommunications carrier, reported a more than doubling of quarterly profit, beating street estimates, on higher voice call prices and rapid growth in mobile data usage.
MUMBAI - ICICI Bank Ltd, India's biggest private sector lender, reported a record quarterly profit on Thursday that beat analyst estimates, but bad loans rose and sent its shares lower.
MUMBAI - India's biggest carmaker Maruti Suzuki India Ltd said growth in car sales would slow in the second half of the year, dampening expectations of a rapid recovery in the country's automotive market.
NEW YORK - News and information company Thomson Reuters Corp on Thursday said more clients of its Financial & Risk business added new products than cancelled, the first time since 2008 that net sales were positive in the Americas, Asia and Europe.
REUTERS - Newspaper publisher New York Times Co reported a bigger-than-expected quarterly adjusted profit, as a 17 percent rise in digital subscription sales offset a decline in print advertising revenue.
REUTERS - Visa Inc reported a better-than-expected adjusted quarterly profit and said the mobile payment industry would be "a great driver" for business, sending its shares up nearly 4 percent in extended trading.
MUMBAI - Dr Reddy's Laboratories Ltd, India's second-largest drugmaker by revenue, reported a 17 percent drop in its second-quarter profit due to higher costs, pushing its shares down nearly 3 percent on Wednesday.
NEW DELHI - India's fiscal deficit reached nearly 83 percent of its full-year target in the first half of the year, giving the government a tough job meeting its budget target even with help from a fall in global crude prices that will reduce the oil subsidy bill.