Twitter Inc posted the slowest revenue growth since it went public four years ago, sending shares down more than 10 percent on Thursday on fears that rivals Snapchat and Facebook Inc were winning the war for advertising.
Revenue from advertising fell from a year ago and a 4.0 percent year-on-year rise in users to 319 million fell short of Wall Street forecasts as well.
MUMBAI - The Infosys Ltd board does not want a war of words with the Indian software services company's former leadership to descend into the kind of damaging row seen at Tata, an Infosys boardroom source said on Friday.
India's second biggest IT services company, based in the southern tech hub of Bengaluru, has been in an escalating public dispute with its fo
Coca-Cola Co forecast a surprise drop in full-year profit as costs related to refranchising its U.S. bottling operations are expected to be higher than previously anticipated.
The world's largest beverage maker's shares fell 3.1 percent to $40.73 in morning trading on Thursday.
Coca-Cola has been offloading much of its low-margin bottling business to cope with fallin
LONDON - Investors expecting a deal this year in Tata Steel's talks to merge its European assets with Germany's Thyssenkrupp risk disappointment, given complications associated with the Indian-owned firm's British pension scheme.
Tata and Thyssenkrupp shares have firmed on hopes a merger would trigger European steel capacity cuts. Tata Steel UK, Brit
NEW DELHI - India said on Thursday it had applied to Britain to extradite Vijay Mallya to face trial after the liquor and aviation tycoon was charged with conspiracy and fraud over a loan to his defunct Kingfisher Airlines.
Mallya moved to Britain last March after banks sued to recover about $1.4 billion the Indian authorities say is owed by Kingfisher. He has d
NEW DELHI - State-owned Indian Oil Corp would like to merge its subsidiary Chennai Petroleum Corp with itself as part of a government plan to integrate state oil firms to create a national oil behemoth, its chairman said on Thursday.
"Chennai Petroleum will benefit by integrating with IOC. Certainly given an opportunity we will like to merge," B. Ashok told
TV Today Network today reported a decline of 28.49 per cent in standalone net profit at Rs 26.32 crore for the quarter ended on December 31, 2016. The company had posted a net profit of Rs 36.81 crore in the October-December quarter a year ago, TV Today Network informed BSE. Its total income from operations during the quarter under review was down 6.40 per cent to Rs 140.88 crore as against Rs
Diversified finance firm Edelweiss Financial Services today reported a rise of 47 per cent in net profit at Rs 155 crore for the third quarter of 2016-17. The company had a profit of Rs 106 crore in the corresponding October-December quarter of previous fiscal 2015-16. Total income of the company also witnessed an increase of 18 per cent to Rs 1,609 crore in December quarter of 2016-17, against
ABB India today posted a 13.5 per cent jump in its standalone net profit at Rs 146.79 crore in the quarter ended December 31, 2016. The company had posted a net profit of Rs 129.4 crore for the corresponding quarter a year ago, ABB India said in a BSE filing today.
According to the statement, total income increased from Rs 2,435.89 crore for the quarter under review to Rs 2,501.07 cro
Drug maker Ajanta Pharma Ltd on Thursday said that its Paithan plant was recently inspected by the US health regulator and the company has issued one procedural related 483.
In a filing to the Bombay Stock Exchange, Ajanta Pharma said, “The company's Paithan facility was recently inspected by US FDA and the company has issued one procedural related 483.” The company fu
Religare Enterprises, the holding company for one of India's leading diversified financial services groups, has reported a net loss of Rs 43.28 crore for the for the October-December quarter of 2016.
The New-Delhi headquartered financial services company had posted the net profit of Rs 127.67 crore in the corresponding quarter of previous fiscal, said Religare Enterprises in a fil
Beer producer United Breweries Ltd has reported a drop of 31.9 per cent in its standalone net profit after taxes (PAT) at Rs 48.49 crore for the third quarter ended December 31, 2016, hit by demonetisation and lower income. “The standalone PAT of the company stood at Rs 71.25 crore during the same period a year ago,” United Breweries Ltd said in a filing to the Bombay Stock Exchange
Continuing with its efforts to reclaim lost ground in the Indian passenger vehicles market, Tata Motors will soon launch compact sedan Tigor, reported PTI. The company announced that the Kite 5 concept, which was showcased at Auto Expo 2016, will be christened Tata Tigor.
"The Tata Tigor is the next offering of the IMPACT design language and is targeted at young, talented and con
SINGAPORE/NEW DELHI - India's Oil and Natural Corp (ONGC) will not export naphtha from Hazira in western India as it supplies the fuel to a cracker operated by ONGC Petro additions Ltd (OPaL), four sources with knowledge of the matter said on Thursday.
OPaL, promoted by ONGC and co-promoted by Gujarat State Petroleum Corp (GSPC) and gas company GAIL (India)
United Breweries, India's top brewer which is part-owned by global giant Heineken NV, has asked liquor tycoon Vijay Mallya, its non-executive chairman, to step down from the board, the company said.
Mallya, mired in a growing series of legal battles following the collapse of his Kingfisher airline, was last month charged with conspiracy and fraud by India's Central Burea
MUMBAI - Bank of India Ltd does not expect any additional bad loans in the current quarter on a net basis, its chief said on Thursday, as India's sixth-biggest lender by assets reported its second consecutive quarter of profit after a stretch of losses.
The state-run lender booked a net profit of 1.02 billion rupees ($15 million) for the three months to Dec.
NEW DELHI/WASHINGTON - U.S. defence firm Lockheed Martin wants to push ahead with plans to move production of its F-16 combat jets to India, but understands President Donald Trump's administration may want to take a "fresh look" at the proposal.
With no more orders for the F-16 from the Pentagon, Lockheed plans to use its Fort Worth, Texas plant instead
Indian shares reversed early losses to end higher on Thursday, with IT stocks such as Tech Mahindra Ltd and Tata Consultancy Services Ltd contributing to majority of the gains.
The Nifty closed 0.1 percent higher at 8,778.40, while the Sensex also gained 0.1 percent to close at 28,329.70.
Both indexes had fallen as much as 0.5 percent earlier in the session.
Taiwan-based HTC Corporation on Thursday launched a new water, splash- and dust-resistant smartphone "HTC 10 evo" in India at Rs 48,990.
The smartphone features 5.5-inch display covered by scratch-resistant "Corning Gorilla Glass 5" and comes with "HTC BoomSound Adaptive" audio.
"Inspired by light, this big screen entertainer will kee