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April 27: ICICI Bank surges 4% as Q4 beats forecast

  • April 27: ICICI Bank surges 4% as Q4 beats forecast

    April 27: ICICI Bank surges 4% as Q4 beats forecast

  • Biocon gains on better-than-expected Q4 net

    Kiran Mazumdar-Shaw, chairman and managing director of Biocon Ltd., speaks during a news conference in Bangalore

    Biocon limited has moved higher by 3.5% at Rs 238 after reporting better-than-expected net profit of Rs 98 crore for the quarter ended March 2012, against Rs 100 crore in the corresponding quarter of previous fiscal

    Commenting on the results, chairman and managing director Kiran Mazumdar-Shaw stated "The Company has delivered particularly strong growth in research services and branded formulations business verticals. The company is confident to make significant progress across all business, despite of the uncertainty in global economics."

  • Honda Q4 jumps 142%, sees rosy year after disasters

    A visitor looks at Honda Motor's cars at the company showroom

    Honda Motor Co posted a 142.3% jump in quarterly operating profit on Friday as production recovered from the earthquake and tsunami in Japan last year

    Operating profit for the January-March fourth-quarter was 111.98 billion yen, slightly lagging an average estimate of 123.2 billion yen in a survey of 23 analysts by Thomson Reuters

    Honda suffered the most from the disasters in Japan and Thailand last year, and only re-started work at its Thai car plant at the end of March after a six-month hiatus

  • Samsung posts record $5.15 bn profit, mobile sales surge

    A customer tries Samsung Electronics' Galaxy smartphone at a store in Seoul

    Samsung Electronics Co, the world's top technology firm by revenue, reported a record quarterly profit on Friday, as its Galaxy smartphones and Note phone/tablet helped it win market share from Nokia and as it outmuscled Japanese rivals in TVs and memory chips

    The South Korean firm expected its solid earnings momentum to continue in the second quarter, driven by the release of new mobile products, a pick-up in demand for computers and rebounding memory chip prices

  • S&P downgrades Spain, calls for EU action

    An employee counts money in a bank in Sarajevo

    Standard & Poor's on Thursday cut its credit rating on Spain by two notches, citing expectations the government finances will deteriorate even more than previously thought as a result of a contracting economy and an ailing banking sector

    The ratings agency, which downgraded Spain to BBB-plus from A, also put a negative outlook on the credit and said Spain's situation could deteriorate further unless ambitious measures were taken at European level

    "We think risks are rising to fiscal performance and flexibility, and to the sovereign debt burden, particularly in light of the increased contingent liabilities that could materialize on the government's balance sheet," S&P said in a statement

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