Tata Motors Q2 Results: During the quarter, its revenue dropped 3.5% YoY to Rs 101,450 crore. In a challenging environment, the company’s EBITDA margin dropped by 230 bps YoY to 11.4%, with caution on short-term domestic demand. JLR revenue fell 5.6% to £6.5 billion due to supply issues, leading to a 220 bps EBIT margin drop to 5.1%. Commercial vehicle revenue declined 13.9%, but EBITDA margin improved to 10.8% (up 40 bps) due to favourable pricing and cost savings.
Silver hits $60 per ounce for first time, gold rises ahead of Fed rate decision
Gold prices edged higher as traders anticipated the U.S. Federal Reserve’s interest rate decision. Meanwhile, silver surged to an all-time high of over $60 per