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Tata Motors Q4 Net Profit Down to INR2,176cr et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
May 23, 2018 12:42 PM 1 min read
Editorial

End of Day Wrap-up (Wednesday / May 23, 2018) #TataMotors #CrudeOil #AirIndia #IndianOilCorporation #IBC #NCLT #solar #energy #Transfin

Editor's comment: Tata Motors Q4 net profit down to INR2,176cr, c. 50% drop y-o-y. Ceases production of its flagship Tata Indica and Tata Indigo cars in India.  

 

Govt to cut excise duty on motor fuels and looking for alternatives to reduce the impact of spikes in crude oil prices.  

 

Govt may decide against selling state-run Air India if it does not get "adequate" price, as per Civil Aviation Secretary.

 

Indian Oil Corporation reports 40% y-o-y rise in net profits at INR5,218cr, driven by higher refinery margins and inventory gain. Corporation working on alternative strategies for crude oil purchases to ensure India’s oil supply doesn’t get impacted by America’s decision to withdraw from the Iran nuclear deal and reimpose sanctions on the Middle-East nation.

 

Cabinet approves ordinance to give homebuyers creditor status under IBC,  putting them at par with banks and institutional creditors in priority for recovering of dues from bankrupt or insolvent realty firms.

 

Half of world's 10 largest solar parks under construction are in India, as per a report by the US think-tank Institute for Energy Economics and Financial Analysis (IEEFA). Report says India has pioneered the concept of Ultra Mega Power Plant which has helped it achieve grid parity. China is expected to achieve grid parity by 2022.