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Top headlines: Maruti Q2 profit up 2%, SP Group claims stake in Tata firms

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Maruti's Q2 earnings before interest, tax, depreciation, and ammortisation (Ebitda) came in at Rs 1,933 crore while Ebitda margin for the quarter stood at 10.3 per cent, up 86 basis points (bps) from 9.46 per cent in Q2FY20.

BS Web Team New Delhi
Maruti Suzuki India Ltd missed analysts’ profit estimates for the second quarter on Thursday, as the carmaker was hit by higher costs of raw materials and tax expenses, and warned of uncertainty in demand post December. The Shapoorji Pallonji Group (SP) has sought a pro-rata division of all Tata Sons assets based on its 18.4 per cent stake in the holding company of the Tata conglomerate, said the group in its settlement filings in the Supreme Court. Here is more on what made news on Thursday.

Shapoorji Pallonji Group stakes claim in all Tata companies, seeks division

The Shapoorji

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First Published: Oct 29 2020 | 5:43 PM IST

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