MUMBAI: While largecap investors may be cribbing about the false recovery in the headline indices on Monday, after they ended in the red today, midcaps investors have no such complaints. The segment’s recovery continued to gain strength heading into the Diwali holidays as the Nifty Midcap 100 rose over 0.8 per cent on a day … Read more
New Delhi: The domestic equity market extended its bull run for the second straight week as benchmark indices scaled new lifetime peaks, supported by positive cues. BSE Sensex and its broader peer Nifty50 added more than 2 per cent each during the week. The broader market marched along with the benchmark indices as BSE Midcap … Read more
In the last three months, Tata Motors has underperformed the BSE Auto index with headwinds emerging from the supply side. Synopsis The focus on cost control can be gauged from the fact it saved 150 million at JLR, by curbing variable marketing expenses and implementing a 10% reduction per car in vehicle cost. In the … Read more
MUMBAI: today reported a surprise consolidated net loss of Rs 7,605.4 crore for the quarter ended March due to a large write off related to subsidiary Jaguar Land Rover. Analysts had expected the automaker to report consolidated net profit of Rs 3,367.3 crore for the quarter. In the year-ago quarter, the company had reported a … Read more
KOLKATA: The ruling TMC in West Bengal Monday decided to extend “moral support” to the December 8 nationwide strike called by farmers to protest against the new agriculture laws and in solidarity will stage sit-ins in various parts of the state for the next three days. Senior TMC leader and MP Saugata Roy said the … Read more
MUMBAI: Shares of Tata Motors rallied in Wednesday’s session as the auto maker’s Q2 results beat Street expectations. The management’s focus on free cash flow (FCF) generation also encouraged investors. Tata Motors Q2 losses widened year-on-year during the September quarter as sales continued to remain lower than the previous year, but the company performed better … Read more
Pune: Tata Technologies, an engineering and product development digital services company, and GKN Automotive, a global leader in driveline systems and advanced ePowertrain technologies, have announced the opening of an advanced, global e-mobility software engineering centre in Bengaluru. The centre will leverage Tata Technologies’ expertise in electric and embedded systems to work on GKN Automotive’s … Read more
Tata Motors on Wednesday launched a new variant of its compact SUV Nexon, with premium features, at a starting price of Rs 8.36 lakh (ex-showroom Delhi). The new variant XM(S) of Nexon is available in both petrol and diesel and with two transmission options – manual and automated manual transmission (AMT), Tata Motors said in … Read more
New Delhi: Shares of Tata Motors traded flat in Friday’s morning trade ahead of the company’s financial result for the quarter ended June 30 later in the day. The scrip was up 0.10 per cent at Rs 103.75, while the benchmark BSE Sensex was down 0.11 per cent at 37,696 at around the same time. … Read more
Covid cost car makers Rs 10,000 cr in Q1As much as Rs 7,000 crore of this is expected to be the consolidated loss of Tata Motors, according to brokerage estimates compiled by ETIG. Maruti Suzuki is projected to post its first loss as a listed company, while Eicher Motors, TVS Motor and Ashok Leyland too … Read more