Tata Motors posts Q2 net loss of Rs 428 cr

A Chinese e-retailer firm has filed a lawsuit againste-commerce giant Alibaba, accusing it of using deceptive advertisements,setting off a major legal battle between them ahead of the Singles' Day sale,the biggest in the year.According to Haidian District people's court, JD.com accusedTmall.com,...

Tata Motors on Friday reported a consolidated net loss of Rs427.79 crore (Rs 4.27 billion) because of poor domestic performance and JLR'sweaker sales in China, foreign exchange revaluation and higher depreciation and amortisationexpenses in the British arm.The company had reported a consolidated...

ArcelorMittal on Friday reported a consolidated net loss of $711million for the July-September quarter, hit by lower steel shipments.The NRI billionaire Lakshmi Mittal-led firm had clocked anet profit of $22 million in the year-ago period.ArcelorMittal recorded a net loss for Q3 2015 of $711...

Despite the recent drop in business sentiment in India, thegovernment remains focused on pressing ahead with economic reforms and revivinggrowth, the Barclays Bank said.With the fiscal tailwind remaining significant, the governmentis using the additional funds for infrastructure spending,...

Homegrown auto major Mahindra & Mahindra on Fridayreported 2.43 per cent decline in standalone net profit at Rs 923.56 crore (Rs9.23 billion) for the second quarter ended September 30, 2015-16.It had posted net profit of Rs 946.63 crore (Rs 9.46billion) in the July-September period of the...

Snapping its seven-day losing streak, gold prices recoveredfrom over a two-month low by rising Rs 80 to Rs 26,330 per 10 grams at thebullion market on Friday, tracking a firm trend overseas amid fresh buying by jewellers.Silver also edged up by Rs 50 to Rs 35,800 per kg on increasedofftake by...

Driven by strong inflows in equity and liquid schemes, the asset base of country's mutual fund industry surged 11.5 per cent to an all-time high of over Rs 13.24 lakh crore (Rs 13.24 trillion) in October.The country's 44 fund houses together had an average assets under management of over Rs...

Punjab National Bank on Friday reported 8 per cent rise instandalone net profit to Rs 621.03 crore (Rs 6.21 billion) for the secondquarter ended September 30, 2015-16.The bank had posted net profit of Rs 575.34 crore (Rs 5.75billion) in the same quarter of the previous financial year.Interest...

Union Bank of India on Friday reported a massivejump of 77 per cent in its net profit to Rs 658 crore (Rs 6.58 billion) for theSeptember quarter.The bank had reported net profit of Rs 371 crore (Rs 3.71billion) in the July-September quarter of the previous fiscal.Global business grew by 7.4 per...

SBI on Friday posted a 25 per cent rise in stand-alone netprofit at Rs 3,879.07 crore for the second quarter ended September.The country's largest bank had a stand-alone net profit of Rs3,100.41 crore (Rs 31 billion) in the same quarter last year.Total income increased to Rs 46,854.81 crore (Rs...