Company Results & Outlooks

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Idea Cellular Q2 profit up 69 percent

REUTERS - Idea Cellular Ltd, India's No.3 mobile operator, posted a 69 percent rise in quarterly profit after adding subscribers faster than its competitors and as its data plans attracted more users.

IBM ditches 2015 operating EPS target, shares slump 7 pct

- International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue.

10:10pm IST

Faster "cloud" orders for SAP hurt 2014 profit outlook

FRANKFURT - German software maker SAP cut its 2014 operating profit forecast on Monday as customers shifted faster than expected to products delivered over the Internet, delaying when those orders can be booked as sales.

4:59pm IST

Morgan Stanley profit jumps as trading activity rebounds

REUTERS - Morgan Stanley reported an 87 percent rise in third-quarter earnings as the Wall Street bank's trading, investment banking and wealth management businesses benefited from increased client activity and a hot equity market.

17 Oct 2014

HCL Tech quarterly profit up 32 percent, shares fall over 9 percent

MUMBAI - HCL Technologies Ltd, India's fourth-largest software services exporter, posted a 32 percent rise in quarterly net profit, beating estimates, as sales in the Americas, the company's biggest market, rose.

17 Oct 2014

Tata Consultancy in growth mode despite Q2 profit miss

MUMBAI - India's biggest software services exporter Tata Consultancy Services Ltd said on Thursday it is "positive about the future" as it shifts towards higher margin services, despite reporting profits slightly below market expectations.

16 Oct 2014

Nestle unsettles investors with slower growth in Asia

VEVEY Switzerland - Nestle toned down expectations for full-year sales after slower third quarter growth showed the impact of softening demand in Asia and falling prices in Europe on the world's largest food company. | Video

16 Oct 2014

Goldman's focus on bond trading pays off as profit soars

REUTERS - Goldman Sachs Group Inc reported a 50 percent jump in quarterly profit as last month's pickup in bond market activity helped to boost trading revenue, showing that banks sticking with the notoriously volatile business can reap big rewards.

16 Oct 2014

Bank of America moves past worst legal costs, posts loss

REUTERS - Bank of America Corp said on Wednesday that it has moved past the worst of its legal settlements linked to the financial crisis, after its latest big legal charge brought the bank's common shareholders a net loss for the third quarter.

15 Oct 2014

Record mortgage settlement pushes Bank of America into Q3 loss

REUTERS - Bank of America Corp , the second-largest U.S. bank, reported a quarterly loss applicable to common shareholders, largely due to a huge mortgage settlement with the U.S. government.

15 Oct 2014
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PM Modi steps up economic reforms, eyes privatisation

NEW DELHI - India promised on Monday to open up the coal industry to private players and moved closer to selling a stake in a state-run oil company, as Prime Minister Narendra Modi picked up the pace on economic reform days after relaxing fuel price controls.