During Q4, Tata Motors share price fell 24.06% to Rs327.45 on the BSE, while the benchmark Sensex lost 3.2% during the period to 32,968.68 points. Photo: Ramesh Pathania/MintMumbai: Tata Motors Ltd, India’s largest automaker by sales revenue and second largest by net profit, will report its March quarter (Q4 FY18) results on Wednesday. JLR sales volume fell in the single digits, while the domestic market was buoyed by higher passenger and commercial vehicle sales. Total JLR sales weighed in most on the decline with a 7.49% decline to 49,931 units, led by a 41.33% fall in sales of the XE, whereas Land Rover sales fell 2.2% to 122,778 units, with the Defender dragging sales. During the March quarter, Tata Motors share price fell 24.06% to Rs327.45 on the BSE, while the benchmark Sensex lost 3.2% during the period to 32,968.68 points.

May 23, 2018 04:07 UTC

Liverpool centre back Dejan Lovren says playing alongside Virgil van Dijk fills him with confidence as the pair prepare for the ultimate challenge of stopping Real Madrid's famed forward line in Saturday's Champions League final in Kiev. The pair were particularly effective against Manchester City over the two legs of the Champions League quarter-final, controlling English football's sharpest attack with quiet effectiveness. He is typically unfussed by the challenge of Real, who have scored 30 Champions League goals this season. Van Dijk will be charged with stopping Cristiano Ronaldo, who is the competition's top scorer with 15 goals this season and will be seeking to score in a fourth Champions League final. "We know all about that man," said Van Dijk, who appears unfazed by Real's talisman.

May 23, 2018 03:58 UTC

Congress moved Tuesday to dismantle a chunk of the rules framework for banks, installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes. Photo: APWashington: US lawmakers passed Tuesday the first major rollback of banking regulations enacted after the financial crisis that were aimed at protecting taxpayers from fresh economic trauma and new bank bailouts. The controversial measure cleared the House of Representatives on a bipartisan vote of 258 to 159 after successfully passing in the Senate. Republicans have repeatedly sought to chisel away at Dodd-Frank, a Democratic initiative established after the financial crisis sent the US economy into a dangerous tailspin. “For years, armies of bank lobbyists & executives have groaned about how financial rules are hurting them,” Warren wrote in a tweet before the House vote.

May 23, 2018 03:56 UTC

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May 23, 2018 03:56 UTC

The head of Iran's Atomic Energy Agency (IAEA), Ali Akbar Salehi said Iran is ready to return to the pre-nuclear deal era. Iran is all prepared to resume production of highly-enriched uranium, an Iran official said on May 22. "But I hope we never need it," Anadolu Agency quoted Salehi, as saying. On May 8, US President Donald Trump announced the Washington withdrawal from the Joint Comprehensive Plan of Action (JCPOA) or the Iran nuclear deal which limited the country's uranium enrichment in exchange for sanctions relief. The Iran nuclear deal was signed between six countries in 2015 - Iran, US, Britain, Germany, Russia, France and China for lifting economic sanctions on Tehran in exchange for limitations to the country's nuclear programme.

May 23, 2018 03:56 UTC





Lini was one of the nurses who took care of Mohammed Sadik, the first victim of Nipah virus in Kozhikode district. She had contacted Lini’s family over phone. Aid from TNAIThe Trained Nurses Association of India (TNAI) will also provide a financial assistance of ₹2 lakh to the family of Lini. It urged the State government to provide job to a family member of Lini. The association also urged the State government to extend financial aid to her family.

May 23, 2018 03:56 UTC

A spokesperson for Suzlon’s renewable energy platform Skeiron Renewable Energy has denied that the firm is selling the wind power assets in question. Photo: BloombergMumbai: Suzlon Energy Ltd, which is exploring the sale of 300 megawatts (MW) of wind power assets, has hired an investment bank to manage the process, said two people aware of the development. Ltd, the company that holds the 1.1GW of renewable energy assets of buyout firm Actis Capital, in a Rs10,000-crore deal. The interest from the Indian power producer and the UK-based private equity fund makes it a four-horse race for Essel’s solar power assets, which are spread across Uttar Pradesh, Odisha and Karnataka. In India, Equis Energy owned 974 MW of wind and solar power assets, developed and under development.

May 23, 2018 03:45 UTC

The 10-year bond yield stood at 7.836% from its Tuesday’s close of 7.812%. Photo: MintMumbai: The Indian rupee on Wednesday weakened to a near 17-month low against the US dollar following continued outflows by foreign investors from the local equity and bond markets amid surging crude oil prices. At 2pm, the home currency was trading at 68.34 against the US dollar, down 0.42% from its previous close of 68.04. The currency opened at 68.14 a dollar and touched a low of 68.36 a dollar—a level last seen on 11 January 2017. Since start of April, foreign investors have sold $1.63 billion and $4.22 billion in local equity and debt market, respectively.

May 23, 2018 03:45 UTC

Back after a two-year hiatus, Chennai Super Kings (CSK) are up and running in style, making it to their seventh final. Their run to this year’s summit clash has been nothing short of extraordinary, having pulled off numerous Houdini acts. But Faf du Plessis had other plans, and his 42-ball 67guided CSK to Sunday’s final at the Wankhede Stadium. Coach Stephen Fleming pointed to the fact that different players have put their hands up to drag the team out of trouble when he quizzed about Super Kings winning from impossible positions. It’s been individual players who have got us out of trouble and different players all the time,” said the New Zealander after Super Kings recorded a two-wicket win over Sunrisers Hyderabad.

May 23, 2018 03:45 UTC

And now, the film’s star, Ryan Reynolds, and director David Leitch, have spoken about how they made that cameo possible. “I was ecstatic (about the Pitt cameo), I couldn’t believe it. He’d doubled for both stars in the past, and armed with Reynolds’ star power, got them on board Deadpool 2. Moreso Ryan Reynolds and moreso Deadpool being beloved, but me knowing who they were cracked the door open a bit, and actually Matt knows Ryan really well too,” Leitch said. Damon also made a cameo appearance in the recent Marvel superhero movie, Thor: Ragnarok.

May 23, 2018 03:45 UTC

Temperatures touched 46 degrees Celsius in Delhi on Tuesday, continuing the spell of intense heat wave that has gripped parts of the country. “Palam at 46.0 and Safdarjung at 44.0 degrees Celsius are maximum temperatures of May 22,” the weather office said on Tuesday.“Season’s highest, but such high temperatures are within ranges for both locations when one considers such heat occurrences in Delhi for second half of May,” the meteorological watch office (MWO) at India Meteorological Department IMD )said in a statement.According to IMD’s data, the two locations recorded a bigger heat wave spell in May 2013, with maximum temperatures soaring as high as 47 degrees Celsius. IMD said the day maximum temperatures are “very likely” to remain in the range of 42 to 45 degrees Celsius in most parts of central and northwest India over the next four days.In Delhi, maximum temperatures are likely to remain between 42 and 44 degrees Celsius over the next five days, with possibility of thunderstorms on Wednesday and Thursday.With maximum temperatures likely to remain 2-3 degrees Celsius above normal, the weather office has warned of severe heat wave conditions in parts of northwest and central India over the next two days.On Monday, highest maximum temperature at 45.8 degrees Celsius was recorded in parts of Maharashtra , west Madhya Pradesh and west Rajasthan. The weather office has warned of a hotter than normal summer season this year on account of rising temperatures across the globe.

May 23, 2018 03:44 UTC

Same-store sales growth at Future Retail’s hypermarket format Big Bazaar outlets too dropped to a seven-quarter low. One reason why Future Retail Ltd shares have been in fashion on the bourses is its stunningly consistent 10%-plus same-store sales growth for many quarters in a row. Same-store sales growth is the comparable sales growth of stores that have been operational for over a year. Same-store sales growth at Future Retail’s hypermarket format Big Bazaar outlets too dropped to a seven-quarter low. Needless to say, better same-store growth will help Future Retail bridge the valuation gap.

May 23, 2018 03:33 UTC

This is the bank’s highest loss ever and the second-largest quarterly loss reported across lenders (after Punjab National Bank). It marked the maiden foray of Tata Motors, which was a leader in trucks and buses then, into cars, a diversification it has since widened and deepened. Tell me more: Tata Motors manufactured 19,042 units of Indica in 2016-17, but this plummeted to 1,686 units in 2017-18. This suggests that Reliance Jio, after disrupting the Indian telecom market with its aggressive pricing, has global ambitions. With its Estonian entry, Reliance Jio would get access to the unified European Union telecom market.

May 23, 2018 03:33 UTC

Morgan Stanley had more than $600 billion in assets under management in 2008. Photo: AFPWashington/New York: James Gorman would like his asset management division to join the $1 trillion club. After the financial crisis, Morgan Stanley sold its retail asset management business, which included Van Kampen Investments, acquired in 1996. Morgan Stanley has done smaller acquisitions, agreeing last year to acquire a credit-investing firm with more than $5 billion in assets. “Asset management is a series of many businesses, some in which scale matters a lot, some in which scale doesn’t matter at all.”Still, the firm’s asset management business has fallen short of growth goals before.

May 23, 2018 03:22 UTC

Much depends on how the optimistic management commentary translates into revenues and earnings for Cipla. In line with its peers, Cipla Ltd’s shares have underperformed the benchmark indices over the last one year. From the looks of it, the March quarter (Q4 FY18) results provide no major reason to reverse this trend. This will further erode base business growth of existing players.” USFDA stands for the US Food and Drug Administration. Much depends on how the optimistic management commentary translates into revenues and earnings for Cipla.

May 23, 2018 03:22 UTC