Oct 28 Reuters Bharti Airtel reported an over twofold rise in its secondquarter profit on Monday, as the telecom operator39;s first tariff hike in over two years boosted its revenue per user. India39;s No.2 wireless carrier39;s consolidated net profit jumped 168 to 35.93 billion rupees 427.49 million in the JulySeptember quarter. Bharti Airtel had a onetime loss of […]

SAO PAULO, Oct 28 Reuters Azul has reached a deal with its existing group of bondholders to obtain additional financing, the Brazilian airline said on Monday, as part of restructuring it expects to ease market concerns about its debt load. Azul dominates Brazil39;s airline industry along with LATAM and Gol, and has managed to avoid the fate […]

BEIJING, Oct 28 Reuters Chinese refiner Sinopec posted a 52.1 yearonyear decline in net profit to 8.54 billion yuan 1.2 billion for the third quarter because of lower oil prices and weak refining margins. The world39;s largest refiner by capacity, Sinopec39;s thirdquarter revenue was 790.4 billion yuan, down 9.8 from a year earlier, the company said […]

Oct 28 Reuters Volkswagen39;s truck unit Traton on Monday reported a 3 rise in ninemonth revenue amid subdued demand for commercial vehicles. Sales stood at 35.3 billion euros 38.10 billion by the end of September, while profitability rose at its key Scania unit with a 14.4 return on sales versus 12.8 last year. The truckmaker last […]

Oct 28 Reuters British rail ticketing company Trainline raised its fullyear revenue forecast on Monday for the second time in less than two months, encouraged by a strong start to the second half of the year. Trainline said it now expects annual revenue to grow 1113, up from an earlier view of top end of 711 […]

Neither cofounding family holds majority of Korea Zinc Protracted takeover battle expected MBK proposes new board slate Shares rise again to alltime high close SEOUL, Oct 28 Reuters Korea Zinc said on Monday it has secured 9.85 of the company39;s shares in a 1.5 billion buyback that it launched to block shareholders from selling their stakes […]

Oct 28 Reuters Sapphire Foods India, which operates Pizza Hut and KFC restaurants in the country, posted a surprise quarterly loss on Monday, as inflationweary consumers chose to dine out less. Global fastfood chains, including McDonald39;s and Domino39;s, have been doubling down on cheaper pizzas and burgers in the pricesensitive Indian market, where consumers have been […]

BEIJING, Oct 28 Reuters IM Motors, a premium electric vehicle brand of Chinese stateowned SAIC, has started level 2 plus autonomous driving road testing in the European market, according to a company statement on Monday. IM Motors, which works with autonomous driving technology developer Momenta, said the road testing creates the first navigate on autopilot […]