India’s second-largest private-lender, ICICI Bank , reported a 28% fall in net profit in the quarter ended Sept. 30 due to a one-time charge related to deferred taxes.
Amazon sales forecast, slower AWS growth disappoint investors
Shares of Amazon.com Inc fell nearly 6% in early trading on Friday, as investors were let down by a lower-than-expected sales outlook and surprised by slower revenue growth at its lucrative AWS cloud business.
Exclusive: India probe finds AB InBev, Carlsberg, United Breweries colluded on prices – sources
The investigations unit of India’s Competition Commission has concluded that Anheuser-Busch InBev , Carlsberg and United Breweries colluded to fix beer prices, two people with direct knowledge told Reuters.
How SoftBank made WeWork an offer it had to accept
By Mike Spector, Joshua Franklin, Greg Roumeliotis and Anirban Sen
Daimler third-quarter operating profit up 8%, boosted by Mercedes sales
Daimler reported a slight rise in third-quarter operating profit on Thursday, boosted by sales of Mercedes-Benz cars, sending its shares higher, but announced cost cuts and warned legal provisions tied to diesel litigation could rise.
India eyes energy deals with Saudi Arabia during Modi’s visit
India hopes to sign energy deals with Saudi Arabia that include its participation in India’s strategic petroleum reserve, during Prime Minister Narendra Modi’s visit to the kingdom next week, a government official said on Thursday.
IndiGo reports biggest quarterly loss, cuts expansion targets
India’s biggest airline IndiGo reported its biggest ever quarterly loss on higher maintenance costs and cut capacity expansion targets, at a time when the industry is grappling with slowing passenger growth in a sluggish economy.
Google claims ‘quantum supremacy’; others say hold on a qubit
Google said on Wednesday it had achieved a breakthrough in computer research, by solving a complex problem in minutes with a so-called quantum computer that would take today’s most powerful supercomputer thousands of years to crack.
Investor revolt torpedoes Swiss Sunrise’s $6.4 billion Liberty Global deal
Sunrise Communications Group bowed to investor pressure on Tuesday and scrapped its 6.3 billion Swiss franc ($6.39 billion £4.94 billion) acquisition of Liberty Global’s Swiss cable business UPC.
Uniqlo ad sparks protest, parody as South Korea-Japan dispute flares
A commercial by Japanese clothing brand Uniqlo has stirred a consumer backlash in South Korea amid accusations that it mocks victims of wartime forced labour and brothel workers, reopening deep wounds from Japan’s colonial past.