Tata Motors group global sales dipped 14 pc in December
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Tata Motors on Friday reported 13.9 per cent decline in group global wholesales, including that of Jaguar Land Rover (JLR), at 1,00,551 units in December 2018.
Tata Motors’ group global wholesales in December 2017 stood at 1,16,677 units. Global wholesales of all Tata passenger vehicles last month stood at 59,898 units, lower by 14 per cent from the year-ago period, Tata Motors said in a statement. JLR sales were at 45,474 units. While Jaguar wholesales for the month were 14,088 vehicles, that of Land Rover stood at 31,386 units. The company further said its global wholesales of all Tata Motors commercial vehicles and Tata Daewoo range stood at 40,653 units last month, down 14 per cent from December 2017.
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The Supreme Court on Friday asked yoga guru Ramdev to implead the complainants, who have lodged cases against him over his alleged remarks against the use of allopathic medicines during the Covid pandemic, as party in his plea seeking stay of criminal proceedings.
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Similarly, other oil and marketing companies (OMCs) such as Indian Oil Corporation and Hindustan Petroleum Corporation Ltd (HPCL) slumped 4.1 per cent each at Rs 162.20 and Rs 457, respectively in intraday deals.
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Cryptocurrencies fell heavily and bitcoin broke below $60,000 on Friday in a rush out of risky assets following reports of an Israeli missile strike on Iran.
Bitcoin slid more than 5.5 per cent to $59,961 in the Asia session as the US dollar rose broadly. Ether fell by a similar margin, dropping below the $3,000 barrier to $2,895.
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Israeli missiles targeted a site in Iran in response to a recent drone and missile attack launched by Iran, reportedly in retaliation against an alleged Israeli airstrike on Iranian embassy in Syria, according to a report in ABC News.
ABC News reported on the unfolding situation, amid fears that the clash between Israel and Iran might escalate into a wider regional conflict.
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