
Automobile major Tata Motors posted an 11 per cent dip in net profit for the second quarter (Q2) this financial year to ₹3,343 crore as its revenue declined by 3.5 per cent to a little above ₹1.01 trillion on account of the company facing challenges on sales of electric vehicles (EVs) as well as small commercial vehicles (SCVs).
For the first half of the year, revenue growth was 1 per cent at about ₹2.09 trillion, while its net profit grew 28 per cent to ₹8,909 crore.
The stock was down 1.74 per cent on Friday to ₹805 as the company missed street estimates, which were expecting net profit of around ₹5,000 crore.
هذه القصة مأخوذة من طبعة November 09, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول


هذه القصة مأخوذة من طبعة November 09, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول

Exceptionally turbulent times
Joe Mulaney is an American writer, singer, and stand-up comedian. His song \"Likability\" has become very popular for reasons that people of my kind do not understand. It is stylish to be unlikable, and it is not just a song; it is playing out there day after day.
Pvt sector growth at 6-mth high: Flash PMI
Strong Showing Manufacturing PMI

Tesla's Hunt for India Factory Site Takes It to Andhra
State has likely offered pre-acquired land at three potential locations

Gold Set for Eighth Weekly Gain on Safe-Haven Demand
Gold held near a record – on pace for an eighth straight weekly advance – on increasing haven demand fueled by geopolitical and trade tensions, as well as concerns about the economic outlook.
Biz leaders call for AI localisation
With artificial intelligence (AI) picking up pace, corporate leaders stressed the need for its localisation in India.
Trai for cut in authorisation fees for DTH, radio services
Calls for interoperable STBS, infra sharing between broadcasters and telcos
Amfi launches SIP for students
The Association of Mutual Funds in India (Amfi) has announced three new initiatives on Friday aimed at expanding the mutual fund (MF) investor base. These initiatives include the \"sachetisation\" of MFs, Tarun Yojana, and MITRA Investment Mutual Fund Tracing and Retrieval Assistant.
Netanyahu Decries Release of Wrong Body, Terms Violation Cruel
Israeli Prime Minister Benjamin Netanyahu vowed revenge Friday for what he described as a \"cruel and malicious violation\" of the cease-fire agreement after a body that Hamas released as part of the deal was found to not be that of an Israeli mother of two young boys, as the militants had promised.

Repo Rate One Of Many Factors To Revive Growth
After a gap of almost five years, the Reserve Bank of India's (RBI's) monetary policy committee (MPC) lowered the policy repo rate during the February meeting. MPC member NAGESH KUMAR discusses the rate cut rationale and the future rate trajectory in an email interview with Manojit Saha. Edited excerpts:

Walmart leverages from Flipkart sales timing
Announcing the results for the fourth quarter of FY25, global retail giant Walmart said the company's international business benefited from the change in schedule of Flipkart's Big Billion Days (BBD) sale.