Narendra Modi's Washington test

Narendra Modi's Washington test

If Modi gets the world’s biggest power right, his pursuit of larger global goals...
Small banks or banks for ‘small’ people?

Small banks or banks for ‘small’ people?

Unless appropriate sub-limits are imposed on loans, there is a serious...

Tata Steel gains on earnings, China reforms

Nov 18 2013, 19:09 IST
Comments 0
Tata Steel shares get boost from expectations of a higher demand for steel after China unwrapped its boldest set of reforms. Tata Steel shares get boost from expectations of a higher demand for steel after China unwrapped its boldest set of reforms.
SummaryCompany's July-Sept net profit, after minority interest and share of associates, was Rs 9.17 bn.

Tata Steel shares rise 2 per cent adding to Thursday's 4.9 per cent gain after the company's second quarter profit beat expectations, helped by a rise in prices and market share at home.

July-September consolidated net profit, after minority interest and share of associates, was 9.17 billion rupees, compared with a loss of 3.64 billion rupees a year earlier, Tata Steel said on Wednesday.

Sentiment also got a boost from expectations of a higher demand for steel after China unwrapped its boldest set of economic and social reforms in nearly three decades on Friday, in order to put the world's second-largest economy on a more stable footing.

Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...