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Tata Steel Reports 75% Surge in Q1 Net Profit, Reaching Rs 960 Crore
The stock of Tata Steel ended 0.79% higher at Rs 165.35 apiece, against the benchmark BSE Sensex's marginal 0.35% rise.
Tata Steel Shows Resilience, Returns to Profit in Q3 Despite Challenges in European Operations
Notably, Tata Steel had reported a substantial net loss of Rs 6,511.16 crore in the July-September quarter, primarily due to impairment charges.
SoftBank Surprises with $6.2 Billion Loss Following WeWork Bankruptcy
This development compounds challenges for shareholders and founder Masayoshi Son, particularly following WeWork's recent bankruptcy filing—one of the group's significant investments.
Q2 Results: Tata Steel Faces Rs 6,511 Crore Loss in Latest Quarter
The company's consolidated total revenue from operations for this quarter was Rs 55,681 crore, a decrease from the Rs 59,877 crore reported in the same period the previous year.
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