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India

Company Results & Outlooks

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PetroChina profits sink as weak prices, oversupply bite

BEIJING PetroChina Co Ltd, the country's largest oil and gas producer, reported sharply lower profits for the first half of the year, hit by slowing demand growth for refined products as well as weak crude oil and natural gas prices.

Wal-Mart draws more shoppers, raises fiscal-year outlook

Wal-Mart Stores Inc reported higher-than-expected quarterly earnings on Thursday, saying it benefited from cleaner and more efficient U.S. stores, investments in technology that improved online shopping and higher employee wages that fostered better customer service. | Video

19 Aug 2016

Gap's profit forecast misses as Banana Republic remains weak

Gap Inc forecast a full-year profit below analysts' estimates as the apparel retailer struggles to attract shoppers to its Banana Republic stores.

19 Aug 2016

Nestle bets on innovation, price hikes to revive sales growth

ZURICH Nestle , the world's largest packaged foods maker, is counting on new products and price increases in the second half of the year to meet its full-year sales growth target after a weaker than expected first half, the company said on Thursday. | Video

18 Aug 2016

Applied Materials forecast beats on chip, display demand

Applied Materials Inc forecast current-quarter revenue and profit far above analysts' estimates as the company benefits from demand for newer technology to make displays and smartphone memory chips.

19 Aug 2016

BHP Billiton books record loss, says commodity price 'free fall' over

MELBOURNE BHP Billiton reported a record $6.4 billion annual loss on Tuesday, hammered by a bad bet on shale, a dam disaster in Brazil and a commodities slump, but sounded a note of optimism as prices stabilise and its costs fall.

16 Aug 2016

Cipla first quarter profit lags estimates; names new CEO

MUMBAI Cipla Ltd , India's fifth-largest drugmaker by sales, reported a lower-than-expected quarterly profit as revenues in its home market were hit by government measures to cut drug prices.

Top News, 12 Aug 2016

Sun Pharma first-quarter profit boosted by Gleevec generic

MUMBAI Sun Pharmaceutical Industries Ltd , India's largest drugmaker, reported a quarterly profit that beat analysts' estimates, helped by its exclusive launch of the first generic version of leukaemia drug Gleevec in the United States.

Top News, Economy 12 Aug 2016

SBI's bad-loan metrics send shares higher

MUMBAI State Bank of India , the nation's biggest lender by assets, reported a 32 percent slide in quarterly net profit on Friday, although a rise in bad loans was smaller-than-expected.

Top News, 12 Aug 2016

Toshiba logs first profit in 6 quarters after major restructuring

TOKYO Toshiba Corp on Friday said extensive restructuring helped the Japanese conglomerate swing to its first operating profit in six quarters, signalling recovery from a $1.3 billion accounting scandal that unmasked underperforming operations.

Tech, Japan 12 Aug 2016
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Exclusive - Monsanto pulls new GM cotton seed from India in protest

NEW DELHI Monsanto Co has withdrawn an application seeking approval for its next generation of genetically modified cotton seeds in India, a major escalation in a long-running dispute between New Delhi and the world's biggest seed maker.