Tata Motors posted a profit of Rs 3,783 crore for the quarter ended September 2023 as against a loss of Rs 1,004 crore in the same period a year ago.
In an interview with Indian Express, Kapur spoke about the importance of research and development (R&D), the scope for automating industrial processes, and the China-plus-one strategy.
The Indian currency, however, remained under pressure due to continuous upward movement in the crude oil price triggered by evolving geopolitical situation and outflow of foreign funds, forex traders said.
Bharat Forge’s consolidated revenue from operations was at Rs 3,877.27 crore as against Rs 2,851.46 crore in the year-ago period.
In all, the three Tata group airlines–Air India, Air India Express, and Vistara–had a combined market share of 23.5 per cent in terms of international passengers ferried in H1 FY24, higher than that of IndiGo.
In the note, DGCA said that 11 engines of the IndiGo fleet were impacted and out of these, six were part of the current P&W AOG (Aircraft on Ground) and only five were operating engines, which were removed before September 15.
Banks have been increasing their loan exposure to NBFCs. It has gone up from Rs 7.75 lakh crore in March 2021 to Rs 9.23 lakh crore by September 2022. The Centre for Advanced Financial Research and Learning (CAFRAL), set up by the RBI, had recently raised concern over the rise in the bank financing for NBFCs
The stock settled at Rs 239.2 apiece, down 4.99 per cent on the BSE as against the previous close of Rs 251.75 apiece. On the NSE, the scrip closed at Rs 236.45, down 5 per cent as compared to Monday’s close of Rs 248.9.
“Country needs to become a country of investors and not savers or traders” Bhatia said during a panel discussion after the launch of a book – ‘Let’s Talk Mutual Funds’, authored by Monika Halan.
While foreign investors continued to dominate investments with 65 per cent share in 2023, their share reduced from 79 per cent a year earlier.