MUMBAI/BENGALURU Reliance Industries Ltd expects its earnings to increase further in the coming quarters after they hit a record in the third quarter, helped by the first-ever profit at its Jio telecoms business.
BENGALURU India's third-largest software services exporter Wipro expects significant growth in its high-margin digital business this year, it said on Friday after reporting a quarterly profit dip on one-off provisions.
MUMBAI Two of India's biggest private-sector lenders - HDFC Bank Ltd and Kotak Mahindra Bank Ltd - each reported a 20 percent rise in third-quarter net profit on Friday due to strong lending growth and as bad loans remained stable.
ITC Ltd, India's biggest cigarette maker, posted a 16.8 percent rise in its third-quarter profit on Friday, helped by a one-time gain.
Private sector lender IDFC Bank Ltd reported a nearly 24 percent fall in its quarterly profit on Friday, hurt by higher expenses.
Indian private sector lender Kotak Mahindra Bank Ltd posted a nearly 20 percent increase in third-quarter profit on Friday, helped by higher interest and fee income and as bad loans dropped.
International Business Machines Corp's revenue rose for the first time in 23 quarters, beating analysts' estimates, but the company warned that a higher tax rate this year would eat into its profit.
MOSCOW Moscow-based cyber security company Kaspersky Lab said on Friday its revenue increased 8 percent year-on-year in 2017, though sales fell in North America because of allegations about its ties to the Russian government.
HOUSTON Schlumberger on Friday posted a fourth quarter loss on charges but beat Wall Street forecasts and gave an upbeat outlook, predicting its international operations would grow in 2018 for the first time in four years. | Video
SINGAPORE Singapore Exchange Ltd (SGX) is to allow companies to list with dual-class shares, a move which aims to attract blockbuster tech listings and follows a similar action by its Hong Kong rival.
NEW DELHI India's biggest explorer Oil and Natural Gas Corp (ONGC) has agreed to buy the government's majority stake in state-refiner Hindustan Petroleum Corp for 369 billion rupees ($5.78 billion), ONGC said on Saturday.