Jigar Shah, senior VP at Kim Eng India, tells CNBC a fall in IT outsourcing company, Tech Mahindra's growth is coming because a low margin of acquisitions.» Read More
Microsoft also disappointed with its latest update, contributing to a broad retreat in technology stocks, as did McDonald's and General Electric. By the time markets closed in Europe, Germany's DAX was down 0.8 percent at 7,380 while the CAC-40 in France fell 0.9 percent to 3,504. The FTSE 100 index of leading British shares was 0.3 percent lower at 5,896..
MUMBAI, India-- Starbucks inaugurated its first store in India Friday in a historic building in southern Mumbai as the Seattle- based coffee giant seeks growth in a market long associated with tea drinkers. After over six years of studying the local market, Starbucks is making a rapid-fire entry into Asia's third-largest economy.
MUMBAI, India-- Starbucks has opened its first store in India in an historic building in south Mumbai as the Seattle- based coffee giant seeks growth in a market long associated with tea drinkers. Chief executive Howard Schultz says India, along with China, are "at the core" of the company's growth strategy.
Britain's FTSE 100 lost 0.1 percent to 5,910.04 in early trading. Microsoft said net income fell a worse-than-expected 22 percent to $4.47 billion in the fiscal first quarter, which ended Sept. 30. BB&T bank, Philip Morris International and Boston Scientific also reported results that fell short of forecasts.
Markets in mainland China, Singapore, Thailand, Indonesia and India were down. Microsoft said net income fell a worse-than-expected 22 percent to $4.47 billion in the fiscal first quarter, which ended Sept. 30. Microsoft shares fell in after-hours trading.
HARTFORD, Conn.-- United Technologies Corp.' s third-quarter earnings results, due out before the markets open on Tuesday, will likely reflect some weakness in the aerospace market, a segment on which the company recently made a big bet.
Leif Eskesen, Chief Economist for India and ASEAN at HSBC, says India's persistent inflation woes will leave the Reserve Bank of India with little room to ease in the short-term.
Walmart, the world’s largest retailer by sales, is being investigated in India over accusations that it secretly invested in supermarkets, flouting a ban on foreign direct investment in the sector. The FT reports.
CHICAGO-- Shares of USG Corp. rose Thursday after the building products maker said its third-quarter loss shrank. In the three months ended Sept. 30, the Chicago company reported a loss of $29 million, or 28 cents per share.
TROY, Mich.-- Chemical giant DuPont Co. is opening an innovation center in suburban Detroit that's aimed at speeding the introduction of new products for the automotive industry. It is DuPont's eighth-such center and is located at its Automotive Development Center in Troy.
LOS ANGELES-- The Beverly Hilton's International Ballroom will soon be filled with flowers, chiffon, fine china and crystal stemware for a starry black-tie ball costing couples as much as $20,000 to attend.
NEW DELHI-- India's top court lifted a ban on tourism in tiger reserves across the country but asked local governments to regulate visitors. The Supreme Court had ordered a complete ban on such tourism in July while the government formulated new guidelines.
India’s growing middle class and the rich have plenty of places to escape the chaos and crowding of India’s most important business center. But a vast majority of Mumbai residents have access to only tiny scraps of green or a handful of large open spaces, most of them in the historic downtown area, that are swarming with crowds. The New York Times reports.
District Judge Jed Rakoff, who this year presided over the trial in which Rajat Gupta was convicted. Gupta, a 63- year-old former board member for Goldman and Procter& Gamble Co., faces sentencing Oct. 24.
Chanda Kochhar, ICICI Bank CEO, tells CNBC's Maria Bartiromo that lending in India is strong compared to the rest of the world.
LONDON-- The number of people who caught tuberculosis last year inched downward according to an estimate by the World Health Organization, but the agency warned that drug-resistant strains are still spreading.
MILWAUKEE-- Water-heater maker A.O. Smith's net income dropped 80 percent from last year's third quarter, when it gained from an asset sale. A.O. Smith raised its full-year earnings forecast, saying it expects its business to continue to perform well through the end of the year.
NEW YORK-- Fertilizer maker Potash Corp. of Saskatchewan Inc. said Wednesday that its full-year earnings will come in below the low end of its prior forecast mostly because of weaker-than-expected potash sales volumes due to contract delays. The Canadian company previously predicted earnings in a range of $2.80 to $3.20 per share.
BANGKOK-- The two Asian nations with the region's best performing stock markets in the past year are unlikely havens for investors: Thailand and the Philippines. The PSE benchmark in the Philippines has soared 29 percent in the last 12 months and Thailand's SET index is up a whopping 33 percent.
NEW DELHI-- India and Australia agreed Wednesday to begin negotiations on civil nuclear energy cooperation that would eventually allow the export of Australian uranium to the energy-starved South Asian nation.