Tata Capital announced a substantial net profit increase of over 56 percent. Revenue from operations also saw a healthy rise of more than 15 percent. Assets under management grew by 22 percent, reaching Rs 2.91 lakh crore. Net interest income and the net loan book experienced strong year-on-year growth. The company’s net worth jumped approximately 42 percent during the quarter.
Boeing shares rise 5% despite higher than expected Q2 loss on Air Force One costs
Boeing posted a wider-than-expected Q2 loss after a $280 million Air Force One charge, but shares rose 5% as positive free cash flow and higher