Business Standard

Tata Motors ADRs dip by 10%

Prospects of weak margins for JLR pushes stock down

Related News

(ADRs) of Tata Motors were trading down by almost  9.7% after its subsidiary Jaguar Land Rover said it will report lower margins in October-December 2012 quarter.

ADR was trading on NYSE at $27.04, down by $2.92 in as per latest data.

The margins are likely to be compared with the previous two quarters due to exchange rate fluctuations and a higher mix of Evoque sales, the company said today.

JLR also said it will raise $400 million (over Rs 2,100 crore) through issue of bonds to support its operational costs and future growth plans.

Read more on:   
|

Read More

Former CJI Kapadia joins BSE

Nominated to post by Sebi, takes over as public interest director

Quick Links

 

Market News

Today's picks- 22 October 2014

Nifty, Bank Nifty, Cipla & Tata Motors

Groundnut exports jump 38% in first half of FY 15

India exported over 220,000 tonnes of groundnut between April and September 2014

BSE shareholders approve BSE-USE merger

A news release from the BSE said that the BSE and USE will now be filing necessary petitions before the Bombay High Court

Sept steel output drops in major nations; India logs rise

In India steel production grew by 2.5% to 6.8 MT during the month

BSE shareholders approve merger with United Stock Exchange

BSE and USE will now be filing necessary petitions before the Bombay High Court seeking its sanction to the proposed scheme

Back to Top