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Nestle India reports Q2 loss as Maggi scare hits sales
Published on Wednesday, July 29, 2015 5:51 PM

MUMBAI  - Nestle India Ltd, battling a reputational crisis after a food scare, slipped into a loss in the June quarter, as sales plunged after its hugely popular Maggi noodles were pulled off shelves over safety concerns.

The unit of Swiss food giant Nestle SA  said on Wednesday that net loss for it ...

Nestle India reports Q2 loss as Maggi scare hits sales
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Thomson Reuters profit beats, currency weighs on revenue
Published on Wednesday, July 29, 2015 5:14 PM

 Thomson Reuters Corp on Wednesday reported a higher-than-expected quarterly profit even as currency weighed on its revenues.

The news and information company said second-quarter net earnings were $281 million, or 33 cents per share, compared with $260 million, or 31 cents per share, a year ago.

Adjusted ...

Thomson Reuters profit beats, currency weighs on revenue
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JSW Steel posts Q1 loss as steel prices fall
Published on Wednesday, July 29, 2015 4:00 PM

MUMBAI  - JSW Steel Ltd on Wednesday posted its first consolidated quarterly loss in seven quarters, hurt by a sharp fall in steel prices and a flood of cheap imports of the alloy into the country.

The company reported a consolidated net loss of 1.07 billion rupees ($16.8 million) for its fiscal first qu ...

JSW Steel posts Q1 loss as steel prices fall
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Vedanta Q1 revenue falls marginally
Published on Wednesday, July 29, 2015 5:41 PM

MUMBAI - Vedanta Ltd  said on Wednesday its quarterly profit more than doubled from a year-ago comparison weighed down by a one-time charge, and that it was on track to restart mining in key producing state Goa after monsoons.

The mining and energy group, which has been hit by a slump in crude prices and ...

Vedanta Q1 revenue falls marginally
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Stock markets edge higher; defensive stocks up ahead of Fed
Published on Wednesday, July 29, 2015 3:50 PM

MUMBAI  - The BSE Sensex and Nifty were on their way to snap a four-day losing streak on Wednesday as investors churned positions in favour of exporters, including defensive stocks on caution ahead of the outcome of the U.S. Federal Reserve's policy meeting.

Volatility is expected to increase in the ...

Stock markets edge higher; defensive stocks up ahead of Fed
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Shriram City Union Finance Q1 net up 15.6% at Rs 148 cr
Published on Wednesday, July 29, 2015 2:50 PM

Shriram City Union Finance, which is a retail lending arm of the Shriram Group and specializes in small business financing, has reported that its net profit for the first quarter ended June 30, 2015 climbed by 15.6 per cent at Rs 148 crore from the same period a year ago led by higher income. In Q1 FY 2014-15, the NBFC player had posted a net ...

Shriram City Union Finance Q1 net up 15.6% at Rs 148 cr
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GM to invest $1 billion in India, double market share by 2020
Published on Wednesday, July 29, 2015 3:21 PM

By Aditi Shah

NEW DELHI  - General Motors Co will invest $1 billion in the next few years to turn operations in India into a new global export hub aimed at boosting sales in fast-growing emerging markets, top executives said on Wednesday.

The investment is part of GM's plan to invest ...

GM to invest $1 billion in India, double market share by 2020
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BPCL buys first shipment of Russian Far East crude grade
Published on Wednesday, July 29, 2015 2:09 PM

SINGAPORE- Indian refiner Bharat Petroleum Corp Ltd  is set to import a rare cargo of Sokol crude from Russia's Far East as it takes advantage of a regional glut to secure cheaper oil.

BPCL bought 1 million barrels of Sokol from Statoil ASA, traders said. It was BPCL's first purchase of the Russi ...

BPCL buys first shipment of Russian Far East crude grade
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SpiceJet in talks with Boeing, Airbus for $11 billion jet deal
Published on Wednesday, July 29, 2015 1:16 PM

By Tommy Wilkes

NEW DELHI  - Budget airline SpiceJet Ltd  is in talks with Boeing Co  and Airbus Group  to acquire about 100 new narrow-body jets, its chief financial officer said on Wednesday, in a deal that would be worth about $11 billion at list prices.

SpiceJet wants ...

SpiceJet in talks with Boeing, Airbus for $11 billion jet deal
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