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India

Company Results & Outlook

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Bharti Airtel posts lowest quarterly profit in nearly 15 years

Bharti Airtel Ltd posted its lowest quarterly profit in nearly 15 years on Tuesday, as a price war in the telecoms sector continued to hurt, while revenue was hit by a regulatory cut in international termination charges.

IDFC Bank fourth-quarter profit falls 76 percent as bad loan provisions surge

India's private sector lender IDFC Bank Ltd on Tuesday reported a 76 percent plunge in its quarterly profit, hurt by a jump in provisions to cover bad loans.

6:30pm IST

Coca-Cola sales surge after Diet Coke reboot

Coca-Cola Co beat Wall Street estimates with quarterly results on Tuesday, citing more demand for Coke Zero Sugar and new flavours under its Diet Coke brand as overall revenue topped expectations by around $300 million.

5:38pm IST

Harley-Davidson backs forecast, investors see signs of recovery

Harley-Davidson Inc stood by its full-year motorcycle shipments forecast and beat quarterly profit estimates on Tuesday, offering a glimmer of hope to a business struggling with an aging customer base.

6:31pm IST

Verizon first-quarter results beat estimates

Verizon Communications Inc reported better-than-expected first-quarter results on Tuesday as the No. 1 U.S. wireless carrier lost fewer monthly phone subscribers than feared.

Tech 6:22pm IST

Burger King fuels Restaurant Brands profit beat

Restaurant Brands International Inc's first-quarter profit topped analysts' estimates on Tuesday, vindicating the company's strategy of cheaper meals and more breakfast options at the Burger King chain.

7:29pm IST

Caterpillar lifts 2018 outlook on robust global demand

CHICAGO Caterpillar Inc on Tuesday upgraded the outlook for 2018 profits after the world's largest heavy-duty equipment maker beat estimates for first-quarter earnings on strong global demand for its equipment.

7:30pm IST

Lockheed Martin beats profit estimate, raises 2018 forecast

Lockheed Martin Corp, the Pentagon's No.1 weapons supplier, reported a better-than-expected quarterly profit and raised its full-year forecast, driven by higher sales of its stealthy F-35 combat jets.

6:52pm IST

United Tech beats on profit, raises 2018 forecasts

United Technologies Corp's topped analysts' estimate with quarterly results on Tuesday and raised its full year forecasts higher, citing higher demand for spare parts and services from airlines dealing with booming passenger travel.

Face-recognition chipmaker AMS hit by Apple order delays

LONDON/VIENNA Shares of Austrian chipmaker AMS tumbled as much as 14 percent after the supplier to tech giant Apple warned of a major customer's continued delays in finalising product plans, dealing a blow to its second-quarter outlook.

5:57pm IST
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China fails to get Indian support for Belt and Road ahead of summit

BEIJING China failed to get India's support for its ambitious Belt and Road infrastructure project at the end of a foreign ministers' meeting of a major security bloc on Tuesday, ahead of an ice-breaking trip to China this week by India's prime minister.