EU mergers and takeovers (May 24)
BRUSSELS, May 24 The following are mergers under review by the European Commission and a brief guide to the EU merger process:
MUMBAI, April 18 Tata Consultancy Services Ltd , India's top software services exporter, reported a 4.2 percent rise in quarterly net profit on Tuesday but missed analysts' estimates.
TCS said its consolidated net profit rose to 66.08 billion rupees ($1.02 billion) in the three months to March 31, from 63.40 billion rupees in the year-ago period.
Analysts had, on average, expected a consolidated profit of 66.62 billion rupees, according to Thomson Reuters data.
TCS, which was reporting its first quarterly earnings under new Chief Executive Rajesh Gopinathan, said revenue rose 4.2 percent year-on-year to 296.42 billion rupees. (Reporting by Sankalp Phartiyal; Editing by David Evans)
BEIJING, May 24 Germany has made good progress with China on how to introduce quotas aimed at producing more electric vehicles, Foreign Minister Sigmar Gabriel said on Wednesday, adding that more details needed to be worked out.
CANNES, France, May 24 Sofia Coppola brought her remake of "The Beguiled" to Cannes on Wednesday, putting Colin Farrell through the pleasures and pain that Clint Eastwood experienced in the 1971 original.