Company Results & Outlooks


Alibaba revenue soars ahead of IPO

REUTERS - Alibaba Group Holding Ltd's revenue accelerated in the second quarter on strong gains in its mobile business, providing investors with what may be the final glimpse of the Chinese e-commerce company's financials before its expected landmark market debut.

Gap raises forecast; to open 40 stores in India

- Apparel retailer Gap Inc raised its full-year profit forecast, encouraged by strong sales of its lower-priced Old Navy clothes, and said it would open 40 stores in India as part of its strategy to expand in emerging markets.

22 Aug 2014

SpiceJet reports $20.4 mln Q1 net loss; fourth consecutive quarterly loss

NEW DELHI - Low-cost carrier SpiceJet Ltd reported a fourth straight quarterly loss, hurt by the high costs and low fares weighing on most airlines in Asia's third-largest economy.

15 Aug 2014

Cairn Energy reduces staff to stem costs

LONDON - British-based oil explorer Cairn Energy Plc said it will trim its business to keep a lid on costs as it continued losing money over the first half of the year, with its Indian business under investigation by tax authorities.

19 Aug 2014

Reliance Communications profit up on higher tariffs

MUMBAI - Reliance Communications Ltd reported a 22 percent rise in quarterly net profit after the telecom services provider raised voice call rates by about a fifth earlier this year.

14 Aug 2014

Wal-Mart cuts forecast as it spends more on healthcare, online

REUTERS - Wal-Mart Stores Inc cut its full-year profit forecast, citing higher employee healthcare costs and increased investment in its online business.

14 Aug 2014

ONGC Q1 profit hurt by write-offs, subsidy payment

MUMBAI - Oil and Natural Gas Corp (ONGC) posted a 19 percent jump in first-quarter profit, but fell short of expectations, hurt by higher exploration related write-offs and an increased subsidy payment.

Top News 13 Aug 2014

Tata Steel sees pickup in European steel demand

MUMBAI - Tata Steel Ltd looked to reviving European demand and infrastructure investment by the Indian government to boost sales in coming quarters after posting higher sales but a drop in net profit for April-June on Wednesday.

Top News, 13 Aug 2014

After China smartphone success, Lenovo plans leap forward overseas

BEIJING - China's Lenovo Group said first-quarter profit jumped 23 percent, beating estimates, as a surge in smartphone sales showed how quickly the world's biggest personal computer maker is transforming itself into a major player in mobile technology.

14 Aug 2014

Sun Pharma posts Q1 profit on strong U.S. sales

MUMBAI - Sun Pharmaceutical Industries Ltd, India's largest drugmaker by market value, reported a better-than-expected first-quarter profit, reflecting higher sales in its largest market, the United States.

13 Aug 2014

Modi eyes breakthrough nuclear pact on Japan trip

NEW DELHI - India is hoping to win Japanese backing for a nuclear energy pact during a visit by Prime Minister Narendra Modi, and lure investment into its $85 billion market while addressing Japan's concern about doing business with a nuclear-armed country.