BENGALURU, May 12 Reuters Cipla Ltd, India39;s thirdlargest drugmaker by sales, reported a 45.2 increase in fourthquarter profit on Friday, driven by strength in its key domestic and North American drugs business. Shares of the company, which manufactures generic versions of respiratory drugs Advair and Albuterol, were flat after the results but closed 0.7 lower […]

May 12 Reuters Indian metalstooil conglomerate Vedanta Ltd reported a 68 slump in fourthquarter profit on Friday after revenue fell amid declining prices of metals. Vedanta39;s consolidated net profit stood at 18.81 billion rupees 230 million for the quarter ended March 31, compared with 57.99 billion rupees a year earlier, the billionaire Anil Agarwalled company said […]

SHANGHAI, May 11 Reuters Chinese chip maker Semiconductor Manufacturing International Corp SMIC on Thursday reported its first quarterly drop in revenue in more than three years, as the global chip sector struggles to work through an inventory glut. Revenue in the JanuaryMarch quarter was 1.46 billion, down 20.6 yearonyear and in line with analyst estimates. Net […]

TOKYO, May 12 Reuters Toshiba Corp said on Friday it was working with Japan Industrial Partners JIP to quickly complete a 15billion buyout by the private equity firm, as the industrial conglomerate forecast another year of weak earnings. After Toshiba39;s board in March accepted a 2 trillion yen 14.8 billion buyout offer from the JIPled group, […]