This is the bank’s highest loss ever and the second-largest quarterly loss reported across lenders (after Punjab National Bank). It marked the maiden foray of Tata Motors, which was a leader in trucks and buses then, into cars, a diversification it has since widened and deepened. Tell me more: Tata Motors manufactured 19,042 units of Indica in 2016-17, but this plummeted to 1,686 units in 2017-18. This suggests that Reliance Jio, after disrupting the Indian telecom market with its aggressive pricing, has global ambitions. With its Estonian entry, Reliance Jio would get access to the unified European Union telecom market.

Source: Mint May 23, 2018 03:33 UTC