Spot-Fixing Scandal
BCCI chief's son-in-law arrested
Mumbai Police apprehended Gurunath Meiyappan, a key official of the Indian Premier League's (IPL) Chennai franchise, late on Friday in connection with a spot-fixing scandal that has also led to the arrest of three cricketers. Full Article
REUTERS SHOWCASE
 |
Deflated expectations
Breakingviews columnists discuss the implications of inflation being in decline globally. Video
Revenge of Markets
For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft. Full Article
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Tata Motors enters 1 trillion rupee club as shares surge
Men walk inside a Tata Motors showroom on the outskirts of Agartala, capital of Tripura, November 7, 2012.
Credit: Reuters/Jayanta Dey/Files
Reuters Market Eye - Tata Motors (TAMO.NS) market cap crossed the 1 trillion rupees mark during trade on Thursday, joining what is now a 14-member club that also includes Reliance Industries(RELI.NS), ONGC and Tata Consultancy Services(TCS.NS).
Tata Motors shares have hit a record high this year after surging 4.7 percent as of Wednesday's close, adding to its 75 percent gain in 2012.
Signs of improving sales at its unlisted unit Jaguar Land Rover and the improving economic outlook in its key China market have bolstered the auto maker's shares, analysts said.
The 1 trillion rupees market cap includes differential voting rights and common shares.
Tata Motors shares ended up almsot 2 percent at 333.70 rupees.
(Reporting by Manoj Dharra)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters