Nikkei sees biggest drop in three months as recession news hits
Tokyo: Tokyo stocks suffered their biggest one-day slump since August on Monday after Japan`s economy unexpectedly slipped into recession, prompting investors to book profits from recent gains. Japan`s economy unexpectedly shrank an annualised 1.6 percent in the third quarter, following a sharp... read more »
Britannia Q2 net profit jumps to Rs 270.46 cr
Britannia Industries has reported two-fold increase in its consolidated net profit at Rs 270.46 crore for the second quarter. “We have had a net profit growth of 177 percent at Rs 270.46 crore, out of which Rs 124 crore has come from sale of our land in Chennai. If you were to remove that, there... read more »
Tata Motors’ shares jump 4% despite weak earnings
MUMBAI, NOV 17: Shares of Tata Motors went up by nearly 4 per cent today, defying disappointing earnings, driven by improved margins at its flagship British arm JLR. Despite a negative opening, Tata Motors’ scrip rose 3.58 per cent to Rs 542.60 as the trade progressed at the BSE. On the NSE,... read more »
SBI may provide up to $1 billion loan for Adani’s Australia coal mine
Adani Enterprises’ $7 billion coal mine, rail and port project got a fillip on Monday, with the company signing an Memorandum of Understanding (MoU) with State Bank of India. The trading and infrastructure conglomerate signed a MoU to line up a loan of up to $1 billion from SBI for the... read more »
