Bharti Airtel Revenue Misses Estimates on Low-Spending Users; Stock Drops Bharti Airtel Ltd., India’s largest mobile-phone operator, reported revenue that missed analyst estimates after it added more low-spending users in the nation’s smaller towns and villages.
Maruti Suzuki's Profit Unexpectedly Gains on Demand for New Cars in India Maruti Suzuki India Ltd., maker of half the cars sold in the country, unexpectedly posted a 25 percent increase in first-quarter net income on demand for its new hatchbacks and record exports. Shares rose to a record.
ONGC Profit Beats Estimates After Lower Oil Prices and Refiner Discounts Oil & Natural Gas Corp., India’s biggest energy explorer, posted a fourth consecutive decline in quarterly profit, beating estimates, because of lower crude oil prices and discounts given to state refiners.
India's Wholesale Price Index Declines 1.17% for a Sixth Consecutive Week India’s wholesale prices fell for a sixth straight week, suggesting the central bank is unlikely to start increasing interest rates at a meeting next week.
Monsoon Deficit Narrows to 19% as Rains Gather Momentum, Aiding Plantings India’s rain deficit narrowed to 19 percent as the monsoon, the main source of irrigation for the nation’s 235 million farmers, gathered momentum, aiding sowing prospects, the weather office said.
Stocks in India Climb on Better-Than-Expected Earnings; Maruti, ITC Gain India’s benchmark stock index rose on speculation companies will report better-than-expected earnings this year after quarterly profits beat estimates.
India's Monsoon Oilseeds Output May Drop on Dry Weather, Boosting Palm Oil India, the world’s largest vegetable oil buyer after China, may produce fewer oilseeds as dry weather in the biggest growing areas reduced monsoon sowing of peanuts, soybeans and sesame seeds.
ITC Quarterly Net Rises 17% on Higher Cigarette Prices, Beating Estimates ITC Ltd., India’s biggest tobacco company, posted a 17 percent increase in first-quarter profit on higher cigarette prices and an increase in volumes, beating analysts’ estimates.
India Stocks to Rally as Singh's Victory Lures Capital, HSBC's Duggal Says Sanjiv Duggal, who manages the world’s largest India fund, said investors should buy the nation’s stocks as Prime Minister Manmohan Singh’s re-election allows him to push asset sales and ease investment rules.
Dow Average Exceeds 9,000 for First Time Since January on Earnings Reports U.S. stocks rose, sending the Dow Jones Industrial Average above 9,000 for the first time since January, as EBay Inc., Ford Motor Co. and AT&T Inc. posted better-than-estimated results and home resales increased more than forecast.
Existing Home Sales in U.S. Rise for Third Month on Lower Borrowing Costs Home resales in the U.S. rose in June for a third consecutive month, spurred by tax incentives, lower borrowing costs and foreclosure-driven declines in prices.
Buffett's Paper Profit on Goldman Sachs Investment Surpasses $2 Billion Warren Buffett’s option to buy shares of Goldman Sachs Group Inc., part of an agreement reached at the depths of the credit crisis, has earned a profit on paper of more than $2 billion.
CIT Chapter 11 Filing May Follow August Debt Swap Under Bondholder Plan Advisers to bondholders that rescued CIT Group Inc. with a $3 billion loan said creditors may push the company into Chapter 11 bankruptcy after a debt swap next month, according to people familiar with the matter.
Ford Motor Loss Is Narrower Than Forecast on Savings, U.S. Market Share Ford Motor Co., the only U.S. automaker to decline a federal bailout, posted a second-quarter loss that beat analysts’ estimates as Chief Executive Officer Alan Mulally pared expenses and added domestic market share.
McDonald's Falls Most in Four Months After Sales Drop More Than Projected McDonald’s Corp., the world’s largest restaurant company, dropped the most in more than four months in New York trading after second-quarter revenue declined more than analysts projected.
FDIC's Bair Asks Congress to Create Fund to Wind Down Big Financial Firms Federal Deposit Insurance Corp. Chairman Sheila Bair urged U.S. lawmakers to impose fees on the nation’s largest financial firms to keep the government from having to prop up companies deemed too large to fail.
source: Bloomberg
