net income

US banks’ net income rises


August 29th, 2012 - 1:07 pm ICT by IANS
Washington, Aug 29 (IANS) US banks' net income in the second quarter of this year continued to increase, driven by lower loan-loss provisions and higher gains on loan sales, the ... Read more...

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Hyundai Motor posts operating profit


July 26th, 2012 - 1:34 pm ICT by IANS
Seoul, July 26 (IANS) Hyundai Motor, South Korea's No.1 automaker, posted 2.5 trillion won ($2.18 billion) in operating profit for the second quarter, a regulatory filing showed Thursday.Consolidated operating profit, ... Read more...

Posted in Business |

Ford Q2 net income down


July 26th, 2012 - 1:28 pm ICT by IANS
Chicago, July 26 (IANS) Ford Motor Company has reported the US automaker posted a profit of $1.04 billion in the second quarter of the year, or 26 cents per share, ... Read more...

Posted in Business |

Baidu profits up 70 percent


July 25th, 2012 - 11:02 pm ICT by IANS
Beijing, July 25 (IANS) Baidu, China's biggest search engine operator, said profit in the second quarter of this year surged nearly 70 percent.Net income in the three months ended June ... Read more...

Posted in Business |

Wipro net up 18 percent in first quarter


July 24th, 2012 - 11:05 am ICT by IANS
Bangalore, July 24 (IANS) Wipro Ltd posted a net profit of Rs.1,580 crore (Rs.15.80 billion) for the first quarter (April-June) of this fiscal (2012-13), registering 18 percent year-on-year (YoY) growth ... Read more...

Posted in Sci-Tech |

Infosys net up 33 percent in first quarter


July 12th, 2012 - 11:15 am ICT by IANS
Bangalore, July 12 (IANS) Infosys Technologies Ltd Thursday reported a net profit of Rs.2,289 crore (Rs.22.89 billion) for first quarter (April-June) of this fiscal (2012-13), registering a 33 percent year-on-year ... Read more...

Posted in Sci-Tech |

Bharti Airtel quarterly net income down 28 percent (Lead)


May 2nd, 2012 - 2:48 pm ICT by IANS
New Delhi, May 2 (IANS) Telecom service provider Bharti Airtel Wednesday reported a 28 percent decline in consolidated net income at Rs.1,006 crore for the quarter ended March 31, owing ... Read more...

Posted in Sci-Tech |

Bharti Airtel quarterly net income declines 28 percent


May 2nd, 2012 - 12:17 pm ICT by IANS
New Delhi, May 2 (IANS) Telecom service provider Bharti Airtel Wednesday reported a 28 percent decline in net income at Rs.1,006 crore for the quarter ended March 31 against Rs.1,401 ... Read more...

Posted in Business |

Emirates Islamic Bank profits up


May 2nd, 2012 - 1:04 am ICT by IANS
Dubai, May 1 (IANS/WAM) The Emirates Islamic Bank announced Tuesday that its operating profits rose to 138 million dirhams (about $16 million) at the close of the first quarter of ... Read more...

Posted in Business |

Ford Q1 profit down 45 percent year on year


April 28th, 2012 - 2:06 pm ICT by IANS
Chicago, April 28 (IANS) US automaker Ford Motor Co. has reported that it notched a profit of $1.4 billion in the first quarter of 2012, a decrease of 45 percent ... Read more...

Posted in Business |

Hyundai Motor posts $2 bn operating profit in Q1


April 26th, 2012 - 2:01 pm ICT by IANS
Seoul, April 26 (IANS) Hyundai Motor, South Korea's No.1 automaker, posted 2.28 trillion won ($2 billion) in operating profit for the first quarter, a regulatory filing showed Thursday.Consolidated operating profit, ... Read more...

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Wall Street gains on Apple, Fed’s economic outlook


April 26th, 2012 - 12:56 pm ICT by IANS
New York, April 26 (IANS) The US Stocks gained broadly Wednesday thanks to strong Apple earning reports and the Federal Reserve's positive economic outlook.The Dow Jones industrial average gained 89.16 ... Read more...

Posted in Business |

LG Electronics posts $394 mn operating profit


April 25th, 2012 - 2:10 pm ICT by IANS
Seoul, April 25 (IANS) LG Electronics has posted 448.2 billion won ($394 million) in operating profit for the first quarter, a regulatory filing showed Wednesday.Consolidated operating profit, which includes profits ... Read more...

Posted in Business |

Wipro outlook cautious on flat growth (Lead)


April 25th, 2012 - 2:05 pm ICT by IANS
Bangalore, April 25 (IANS) India's third largest IT bellwether Wipro Ltd Wednesday hoped revenue from its flagship services business would improve in ensuing quarters despite uncertainty in the macro-environment that ... Read more...

Posted in Business |

Wipro net up eight percent in fourth quarter


April 25th, 2012 - 10:52 am ICT by IANS
Bangalore, April 25 (IANS) Wipro Ltd has posted a net profit of Rs.14.81 billion (Rs.1,481 crore) for fourth quarter (January-March) of fiscal 2011-12, registering an eight percent increase year-on-year (YoY) ... Read more...

Posted in Business |

Bank of America earnings beat estimates


April 20th, 2012 - 1:27 pm ICT by IANS
New York, April 20 (IANS) Bank of America Corp. released lower earnings for the first quarter Thursday, but the results still beat Wall Street's estimates as the credit quality improved.The ... Read more...

Posted in Business |

Intel quarterly profit drops


April 18th, 2012 - 2:15 pm ICT by IANS
San Francisco, April 18 (IANS) Intel has reported that its profit in the most recent quarter fell nearly 13 percent, but the results still beat analysts' estimates.In the company's 2012 ... Read more...

Posted in Business |

Infosys lowers guidance for fiscal 2013 (Lead)


April 13th, 2012 - 2:00 pm ICT by IANS
Bangalore, April 13 (IANS) India's second largest IT bellwether Infosys Ltd Friday projected a lower guidance of 15 percent growth year-on-year (YoY) for the new fiscal 2012-13 (FY 2013) on ... Read more...

Posted in Business |

Infosys net up 27 percent in fourth quarter


April 13th, 2012 - 11:09 am ICT by IANS
Bangalore, April 13 (IANS) The Infosys Ltd Friday reported net profit of Rs.2,316 crore (Rs.23.16 billion) for the fourth quarter (January-March) of fiscal 2011-12, registering 27.4 percent year-on-year (YoY) growth, ... Read more...

Posted in Business |

SSTL’s quarterly net loss rises to Rs.1,197 crore


April 11th, 2012 - 10:13 pm ICT by IANS
New Delhi, April 11 (IANS) Sistema Shyam Teleservices (SSTL), which operates under the MTS brand, Wednesday said its net loss increased to Rs.1,197 crore during the fourth quarter that ended ... Read more...

Posted in Business |

Parle eyeing 25 pc market share in snacks segment


March 25th, 2012 - 11:58 am ICT by IANS
Kolkata, March 25 (IANS) Biscuits and confectionary major Parle Products is betting big on the snacks segment for its higher growth trajectory, aiming at more than 25 percent market share ... Read more...

Posted in Business |

China helps 12 mn quake-hit people with $137 bn expenditure


February 24th, 2012 - 7:07 pm ICT by IANS
Beijing, Feb 24 (IANS) China spent 866 billion yuan (about $137 billion) over reconstruction work in its quake-hit Sichuan province, helping over 12 million people in repairing houses and ... Read more...

Posted in Uncategorized |

AIG reports fourth quarter profits


February 24th, 2012 - 2:10 pm ICT by IANS
New York, Feb 24 (IANS) American International Group (AIG) has reported a net income of $19.8 billion in the fourth quarter of 2011, gaining about 77 percent year-on-year thanks to ... Read more...

Posted in Business |

GM posts $7.6 bn net profit for 2011


February 17th, 2012 - 1:41 pm ICT by IANS
Chicago, Feb 17 (IANS) General Motors Co. has posted a net profit of $7.6 billion for the whole of 2011, but troubles in Europe weakened its earnings and underscored challenges ... Read more...

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Fiat profit more than doubled in fourth quarter


February 3rd, 2012 - 4:08 pm ICT by IANS
Turin (Italy), Feb 3 (IANS/AKI) Fiat, Italy's largest carmaker, said its profit from the last three months of 2011 more than doubled on the strength of American car giant Chrysler, ... Read more...

Posted in Business |

Electrolux income drops in 2011


February 3rd, 2012 - 2:03 pm ICT by IANS
Stockholm, Feb 3 (IANS) Affected by price pressure and increased costs for raw materials, the income of the Swedish multinational appliance manufacturer Electrolux fell by 48 percent last year compared ... Read more...

Posted in Business |

Chrysler, Ford sales up in January


February 2nd, 2012 - 2:12 pm ICT by IANS
Chicago, Feb 2 (IANS) US auto sales for the Big Three American automakers were mixed in January as General Motors (GM) sales dropped 6 percent since January last year while ... Read more...

Posted in Business |

Ford’s net income stands at $20.2 bn in 2011


January 28th, 2012 - 2:44 pm ICT by IANS
Chicago, Jan 28 (IANS) Auto makers Ford announced Friday it posted a net income of $20.2 billion in 2011, the third consecutive year of the company's increased operating profits.Ford's 2011 ... Read more...

Posted in Business |

Ford posts $20.2 bn net income


January 28th, 2012 - 4:58 am ICT by IANS
Washington, Jan 28 (IANS) Ford Friday posted a net income of $20.2 billion in 2011, the third consecutive year of the company's increased operating profits.The company's 2011 net income, equal ... Read more...

Posted in Business |

US stocks mixed


January 28th, 2012 - 3:00 am ICT by IANS
New York, Jan 28 (IANS) US stocks traded mixed Friday amid news that the US economy grew slower than expected, and concerns over the ongoing Greece debt negotiations.The Commerce Department ... Read more...

Posted in Business |

Wipro’s IT outlook remains flat on marginal growth (Lead)


January 20th, 2012 - 2:05 pm ICT by IANS
Bangalore, Jan 20 (IANS) Wipro Ltd Friday projected a flat revenue growth from its global IT services business in the fourth quarter (January-March) as sequential growth in the third quarter ... Read more...

Posted in Business |

Wipro net profit up 10 percent in third quarter


January 20th, 2012 - 10:29 am ICT by IANS
Bangalore, Jan 20 (IANS) Wipro Ltd reported net profit of Rs.1,456 crore (Rs.14.56 billion) for the third quarter (October-December) of this fiscal (2011-12), registering 10 percent year-on-year (YoY) growth as ... Read more...

Posted in Business |

JPMorgan Chase earnings miss Wall Street expectations


January 14th, 2012 - 1:45 pm ICT by IANS
New York, Jan 14 (IANS) JPMorgan Chase, the biggest bank in the US, reported its fourth quarter earnings Friday, which missed Wall Street expectations.According to the New York based bank, ... Read more...

Posted in Business |

Infosys net up 33 percent in third quarter


January 12th, 2012 - 12:35 pm ICT by IANS
Bangalore, Jan 12 (IANS) Infosys Ltd posted net profit of Rs.2,372 crore (Rs.23.7 billion) for the third quarter (October-December) of this fiscal (2011-12), registering a record 33 percent year-on-year (YoY) ... Read more...

Posted in Business |

China raises poverty line for farmers


November 29th, 2011 - 4:33 pm ICT by IANS
Beijing, Nov 29 (IANS) The Chinese government Tuesday decided to raise its definition of the poverty line for country's farmers as it aims to build itself into an overall well-off ... Read more...

Posted in Business |

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