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Bharat Heavy Electricals, India's largest power-equipment maker by sales, posted a 22% increase in net profit for its fiscal first quarter through June, helped by faster execution of projects and higher non-operating income.
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General Electric said it is moving its X-ray business headquarters to Beijing to accelerate sales in China's fast-growing health-care market. The unit will be the company's first business to be based in China.
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A third of the way through the second-quarter reporting season, earnings for companies in the S&P; 500 are the highest they have been in four years, and they could be stronger in the second half. But the gains in many cases have come from operations outside the U.S.
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General Electric reported a 21% rise in second-quarter profit and issued an upbeat outlook for the rest of the year.
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Honeywell's profit jumped 43% as the company's top line got a boost from strong demand in the aerospace commercial aftermarket.
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