26
Wednesday
June 2019
2:10 PM IST
News Headlines
Mobile phones, tobacco products seized in raid at Kannur Central Jail        Govt will not support idea of bifurcating Malappuram district : Minister        Jaishankar files nomination papers for Rajya Sabha poll        Only one family was spoken about and got all attention, says Modi        New British PM to be announced on July 23 By Aditi Khanna        Iran says ''idiotic'' new US sanctions shut doors of diplomacy        Australia outclass England by 64 runs on way to semifinals        Windies legend Lara hospitalised due to chest pain, could be discharged soon        Shakib's magnificent 5-wicket haul steers Bangladesh to 62 run win against Afghanistan        Argentina, Uruguay, Peru through to Copa America quarter-finals        US-Iran fears buoy oil prices as focus turns to Trump-Xi talks        Rupee opened flat at 69.58 vs USD in early trade        UK falling behind in race to engage with India, warns UK Parliament inquiry        Australian Islamic State orphans rescued from Syria camp        Death toll from building collapse in Cambodia rises to 24        BJP fields Jaishankar for Gujarat RS seat after he formally joins party        There is culture of disrespecting expertise under the BJP: Cong        BSP to contest all future polls on its own: Mayawati        RBI Deputy Governor Viral Acharya quits 6 months before his term ends        BJD MLA arrested for forcing engineer to do sit-ups        
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Business News
Tata Motors shares fall 7 pc post quarterly results
 
New Delhi, May 21 (PTI) Shares of Tata Motors Tuesday slumped over 7 per cent a day after the company posted 49 per cent decline in March quarter results.

The scrip, after a weak opening at Rs 186.60, further dropped 8.36 per cent to Rs 174.10 on the BSE and finally closed the counter 7.05 per cent lower at Rs 176.60.

On NSE, shares sank 6.60 per cent to settle at Rs 177.60.

On the equity volume front, 42.38 lakh shares were traded on BSE while over 5 crore scrips changed hands on NSE.

On Monday, the company reported 49 per cent decline in March quarter 2019 results at Rs 1,108.66 crore.

The company said the plunge was mainly due to lower revenues and exceptional charge on account of its British arm Jaguar Land Rover.

During the latest quarter, JLR announced a voluntary redundancy programme and accordingly had an exceptional charge of Rs 1,367.22 crore.

For 2018-19, the company posted a loss of Rs 28,724.20 crore, mainly on the back of impairment charge of Rs 27,837.91 crore recognised in the third quarter of the fiscal.

Tata Motors Group CFO P B Balaji on Monday said market conditions in fourth quarter were adverse due to significant stress on liquidity, higher capacity arising from axle load norm changes and lower economic activity.


US-Iran fears buoy oil prices as focus turns to Trump-Xi talks
Rupee opened flat at 69.58 vs USD in early trade
US blacklists 5 Chinese groups working in supercomputing
US Fed says large banks prepared to withstand economic crisis
Jet Airways shares soar another 15.5 pc
Tamil Nadu seeks special package of Rs 1,000 cr to address water crisis
Discussing with banks to provide foreign currency loans to exporters: Goyal
Heritage Foods sets new time-frame to make Rs 6,000 crore
Rivigo launches National Freight Index
Rupee rises 21 paise to 69.49 against USD in early trade
HCL Tech signs multi-year deal with Cricket Australia
Sensex, Nifty turn cautious ahead of US Fed policy meet
Investors continue to dump Jet Airways shares; further tank 15%
With 'Libra,' Facebook takes on the world of cryptocurrency
Facebook to unveil new cryptocurrency
Sensex drops over 150 pts; Nifty below 11,800
India ad spend likely to be Rs 697 billion in 2019: Report
UK court rejects Nirav Modi''s bail for fourth time over fears he would abscond
Bring down corporate tax to 18 pc sans exemptions: CII
Jet Airways shares plunge nearly 11 pc
KERALA NEWS
Mobile phones, tobacco products seized in raid at Kannur Central Jail
 Kannur: For the second time in a week, a raid was conducted on Kannur Central Jail on Monday night a  
Govt will not support idea of bifurcating Malappuram district : Minister
Kerala CPM leader's son booked for rape, cheating
Two workers killed in Kerala as earth caves in
INTERNATIONAL NEWS
New British PM to be announced on July 23 By Aditi Khanna
 London: Britain''s new Prime Minister, either Boris Johnson or Jeremy Hunt, will be announced on Jul
Iran says ''idiotic'' new US sanctions shut doors of diplomacy
UK falling behind in race to engage with India, warns UK Parliament inquiry
Australian Islamic State orphans rescued from Syria camp
NATIONAL NEWS
Jaishankar files nomination papers for Rajya Sabha poll
 Gandhinagar: External Affairs Minister S Jaishankar Tuesday filed his nomination papers for the Rajy
BJP fields Jaishankar for Gujarat RS seat after he formally joins party
There is culture of disrespecting expertise under the BJP: Cong
BSP to contest all future polls on its own: Mayawati
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