Earnings

The news was embarrassing for Walmart given the $16 billion bet the company has placed on this money-losing business, but shareholders largely shrugged it off, as the stock fell less than 1 per cent on a day broader markets also declined.

Vodafone Idea's after-tax loss was Rs 4,974 crore in the second quarter ended September 30, which included a one-time charge of Rs 566 crore, mainly due to integration and merger related costs.

Provisions for bad loans at IDBI Bank, which has the highest bad loan ratio in the sector, jumped 92.9 per cent to Rs 5,482 crore.

Standalone profit after tax, which does not include the share of profit from unit Mahindra Vehicle Manufacturers, stood at Rs 1,649 crore ($228.28 million) for its fiscal second quarter that ended September 30, compared with Rs 1,332 crore a year earlier.

Aircraft fuel expenses climbed 55.8 per cent to Rs 845 crore, while total income from operations rose 3.8 per cent.

Tata Steel Q2 earnings: Thirteen analysts on an average had expected the Mumbai-based firm to post a profit of Rs 2,247 crore.

Profit was Rs 460 crore ($63.32 million) in the quarter ended September 30, compared with Rs 334 crore a year earlier, Ashok Leyland said.

Sun Pharma said its total revenue from operations rose 4.3 per cent to Rs 6,938 crore in the quarter.

Coal India's revenue from operations surged 22.3 per cent to Rs 22,198 crore, while coal production rose 10.6 per cent to 25.65 crore tons.

Net loss was Rs 1,156 crore ($158.43 million) for the three months ended September 30, compared with a profit of Rs 179 crore a year earlier.

The upcoming challenges include capacity balancing in certain categories at plants and sanctions, Cipla said in a post-earnings presentation.

SBI's total income increased to Rs 66,607.98 crore for the quarter ended September 30, from Rs 65,429.63 crore in the year-ago period.

Income from operations rose by 47.5 per cent to Rs 27,989 crore, ONGC said.

The company had posted a net loss of Rs 539.06 crore in the July-September period of the previous financial year.

Analysts had expected a net profit of Rs 741 crore, according to Refinitiv data.