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Company Results & Outlook

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Reliance expects earnings boost as telecoms arm turns a profit

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.

Wipro upbeat on 2018 after quarterly profit dip

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.

Top News, Budget 2017, 19 Jan 2018

HDFC Bank, Kotak report strong profit growth in third quarter

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.

Top News, Budget 2017, 19 Jan 2018

ITC third-quarter profit rises 17 percent; beats estimates

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.

Budget 2017, 19 Jan 2018

IDFC Bank third-quarter profit dives 24 percent

Private sector lender IDFC Bank Ltd reported a nearly 24 percent fall in its quarterly profit on Friday, hurt by higher expenses.

Budget 2017, 19 Jan 2018

Kotak Mahindra Bank third-quarter profit up 20 percent

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.

Budget 2017, 19 Jan 2018

IBM returns to growth after six years, but dour forecast hits shares

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.

Top News, Budget 2017, 19 Jan 2018

Kaspersky Lab 2017 revenue up 8 percent, North America sales fall

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.

Schlumberger profit beats, sees stronger year for oil sector

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

Budget 2017, 20 Jan 2018

Singapore Exchange to allow dual-class shares to boost listings

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.

Budget 2017, 19 Jan 2018
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ONGC to buy majority stake in refiner HPCL for $5.78 billion

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.