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India

Cyclical Consumer Goods

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M&C sees uncertain trading after weaker Q1 hotel business

May 5 Millennium & Copthorne Hotels Plc cautioned of an uncertain trading environment as hotel revenue fell due to lower occupancy and room rates in key gateway cities of New York, London and Singapore.

11:59am IST

Australia new homes sales rebound in March-industry

SYDNEY, May 5 Sales of new homes in Australia surged to a seven-month high in March, an industry survey showed on Thursday, a positive sign for consumer spending and house building.

6:39am IST

Hong Kong cosmetics retailer Sa Sa sees over 50 pct fall in yr profit

HONG KONG, May 5 Skin care and cosmetics retailer Sa Sa International Holdings Ltd said it expected to post a more than 50 percent drop in profits for the year ended March, due to a slide in sales and gross profit in a deteriorating retail environment.

6:32am IST

Kraft Heinz quarterly sales fall about 4 pct

May 4 Kraft Heinz Co's quarterly pro forma sales fell 3.8 percent as demand weakened for its beverages in the United States and a strong dollar ate into revenue from other markets.

1:51am IST

Wearable fitness device maker Fitbit's revenue surges 50 pct

May 4 Wearable fitness device maker Fitbit Inc reported a 50 percent jump in quarterly revenue, buoyed by strong demand for its Blaze smartwatch and Alta wrist band.

1:45am IST
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India eyes cleanup of bad debt mountain as wary state banks hesitate

NEW DELHI India is considering setting up an independent panel to help state-owned banks negotiate settlements with big businesses on bad loans, in order to shield bankers from a populist backlash they say is hobbling efforts to clean up their balance sheets.