Round-Up Of The Business News In India For Week Ending May 30

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Here's a quick round-up of the business news in India, including the country's GDP numbers and a spate of earnings.

Tata Motors Results Disappoint

Round-Up Of The Business News In India For Week Ending May 30
Tata Motors reported numbers that lagged street estimates with the fourth quarter profit falling 56.2 percent year-on-year to Rs 1,716.5 crore. The stock fell on the day of results eroding market cap significantly.

GDP Growth at 7.3% for FY 2014-15

India's GDP grew at 7.3 per cent for 2014-15 with the last quarter GDP (Q4) being placed at 7.5%. This was more or less I line with expectations. However, the new GDP calculation which was introduced in Feb has raised eyebrows on the way the GDP has been calculated.

Sensex closes week lower by 0.5 per cent

Though the markets staged a smart rally on Friday, it was still down for the week. The sensex closed lower by 0.5 per cent and the Nifty was down 0.3 per cent. A spate of disappointing results pushed the markets lower.

Rupee ends week at 63.84 

The rupee which had seen sharp intra day movements ended the week at 63.84 against the dollar after having dropped below the 64 levels.

Sun Pharma numbers disappoint

Sun Pharma reported numbers that disappointed the street with Q4 net porfits at Rs 888 crores, as against expectations of almost double the figures.

The stock is expected to open weak in trade on Monday.

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Read more about: news, business news
Story first published: Saturday, May 30, 2015, 9:15 [IST]
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