Tata Motors, the country’s largest automobile company by revenue, has seen its consolidated net profit shrink by 96 per cent in the third quarter on a steep decline in profit at its overseas unit Jaguar Land Rover (JLR) and higher losses in domestic
With key events such as developments in the European Union (Brexit), policy initiatives by Donald Trump after he assumes office as the US President, monetary policy framework of global central banks, outcome of Assembly elections back home and the
Increased focus by central and state governments on improving the road network and transportation under the Bus Rapid Transit System (BRTS) has provided a boost to bus purchases, helping the segment buck the broader demand trend.
Cyrus Mistry was today removed as director of Tata Industries following shareholders' vote, the first such instance of the embattled executive being ousted from the board since his removal as Tata Group chairman.
S&P Global Ratings today said the continuing discord between the shareholders of Tata Group holding firm Tata Sons Ltd, has created uncertainty at the board level for group companies and could lead to slow decision-making in these entities.
JLR Chief Executive Ralf Speth confirmed the luxury car manufacturer's aim of doubling its output to 1 million cars by 2020, which will include a big spike in the production of electric vehicles in Britain.