Reliance Industries’ March 2014 quarter numbers were slightly lower than analysts’ expectations. The company posted a net profit of Rs 5,631 crore as compared to market expectation of Rs 5,660 crore.
Barring Infosys, which posted a sequential revenue decline, top information technology (IT) companies — Tata Consultancy Services (TCS), Wipro and HCL Technologies — put up a good show in the March 2014 quarter.
Coal India has been in the news. While it missed the production target for 2013-14, on the positive side it is reported to have allowed price increases at one of its subsidiaries, which analysts see extending to the others.
HCL Technologies has reported another set of strong numbers for the March quarter.
IBM is running out of road - again. For two decades, Big Blue's profit increased faster than its revenue through buybacks, cost cuts, and M&A deals. But eight quarters of declining sales mean earnings and free cash flow are now ebbing away.
After HCL Tech, it was the turn of Wipro to post numbers well above analyst expectations. The company posted a net profit of Rs 2,227 crore against expectation of Rs 2,080 crore.
Ivan MenezesAfter nearly six years of trying to build a strong market for Diageo in India, Ivan Menezes is perhaps now making his biggest bet on the country's drinkers.
“Marriages in India are forever, they do not come with exit clauses,&" says Ajay Piramal, chairman of the Piramal Group on sealing his long-term partnership with the Shriram Group.
Renault-Nissan, a global alliance between France-based Renault SA and Japan’s Nissan Motor Co Limited, is contemplating expanding the capacity of its Oragadam plant in Chennai to 480,000 units a year from 400,000, during the current financial year,
Alexander the Great is said to have wept because he ran out of kingdoms to conquer. Google is eager to avoid such a miserable fate.Its core digital advertising business is so dominant that analysts are questioning just how much it can continue to grow.