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China surveillance giant warns of client losses after US curbs

Bloomberg Hangzhou Hikvision Digital Technology Co warned it may lose customers in overseas markets because of its US blacklisting, underscoring the extent to which curbs on the sale of American technology may hurt the world’s largest video surveillance business. Executives at the Chinese camera provider, which reported profit in line with estimates, said however the company was large enough to ...

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Reliance’s profit beats estimates on telecom, retail

Bloomberg Reliance Industries Ltd’s quarterly profit rose 18% from a year earlier beating analyst estimates, bolstered by telecommunications, retail and stable refining margin. India’s biggest company by market value posted a consolidated net income of 112.6 billion rupees ($1.58 billion) in the three months through September, against 95.2 billion rupees a year ago, it said in an exchange filing. That ...

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Nielsen: Rural India’s consumer goods consumption slows to seven-year low

Bloomberg Sales of fast moving consumer goods in rural India had their slowest growth in seven years as sagging incomes and a broader credit crunch weighed on spending in the country’s hinterland, where the majority of its population lives. Sales growth of corner-store items from tea to toothpastes dipped to 5% across India’s villages in the quarter ended September, tumbling ...

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