Tata Motors Q3 net more than doubles to £714.5 mn

Smashing street estimates, Tata Motors’s Q3FY24 profit more than doubled to £714.5 million, benefiting from the strength of its UK luxury car business, Jaguar Land Rover (JLR). It had posted a profit of £304.3 million in the year-ago period,...

India Inc wants RBI to go slow on interest rate hikes

India Inc is pressing the RBI to hold off on rate increases as borrowing prices rise. According to information made public by the trade group Ficci, the average interest rate grew by one percentage point to roughly 9.4% during the most recent...

Reliance Capital (RCap), with a debt of about £3.5 billion across the group, has been downgraded to ‘default’ rating by CARE Ratings because of a day’s delay in payment on some of its bonds

The power sector in India will undergo big reforms that will change the face of domestic electricity market, make it more responsive and reduce cost for distribution utilities as well as consumers through intense competition



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