Tata Motors FY net profit falls 51% due to market upheaval
Tata Motors Ltd, India's largest vehicle maker reported a 51% fall in full year net profit on demand contraction, triggered by high interest rates and unavailability of finance throughout the year.

In a release, the Tata group company said its net profit for the year to end-March, fell to Rs10 billion from Rs20.1 billion, as total revenues, including sales declined to Rs286 billion...

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  • Madras HC allows TVS to use Bajaj's patented tech
    The Madras High Court has set aside its earlier order restraining country’s third largest two-wheeler manufacturer TVS Motors Co Ltd from manufacturing and marketing vehicles with twin spark technology, said the Business Standard. The twin spark technology was patented by Pune-based, India's second largest two wheeler manufacturer Bajaj Auto Ltd.

    Last year in February the Madras...

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  • Companies with a Conscience

    Karmayog finds that only 10 Indian companies make the grade in corporate social responsibility. A Moneylife report

    At a time when ethical investing and corporate social responsibility (CSR) have become buzzwords, not a single one of India’s top 1,000 companies obtained the highest grade (Level 5) for their CSR activities; only 10 made it to Level 4. The study by Karmayog, an extremely...

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