| Bharti Airtel’s quarterly profit drops 49 percent | | Bharti Airtel, India’s biggest telecommunications company, reported Thursday that quarterly net profit fell by nearly half to 5.1 billion rupees ($94.7 million) on higher taxes and operating costs. | | Siemens reduces full-year forecast | | German industrial conglomerate Siemens AG is cutting its full-year forecast despite a rise in second-quarter net income due to numerous one-off charges. | | Shell boss to retire early | | Royal Dutch Shell’s 54-year old chief executive Peter Voser is to retire next year in a surprise early departure he said was driven by a desire for a change of lifestyle. | | Lufthansa loss widens in Q1 | | German airline Lufthansa said Thursday that first-quarter earnings were hit by restructuring charges, writedowns and a strike by its workforce in March. | | Swedish retail giant H&M seeks India entry | | Swedish fashion retail giant H&M aims to open 50 stores in India to tap the South Asian nation’s growing middle-class market, an Indian government statement said Monday. | | Honda’s annual net profit soars to $3.7 bn | | Japanese automaker Honda said Friday its net profit for the year to March soared 73.6 percent to $3.7 billion, thanks to robust overseas sales, a weaker yen, and cost cutting. | | BASF gets off to ‘solid’ start to 2013 | | German chemicals giant BASF said on Friday it got off to a “solid start” to 2013 with sales and underlying profits rising in the first quarter, even if its bottom line fell. | | Apple unlocks more cash as profit falls | | Apple on Tuesday bowed to investors’ demands to share more of its $145 billion cash pile, while posting its first quarterly profit decline in more than a decade. | |
