SME Times is powered by   
Search News
Just in:   • China summons US embassy official over Hong Kong bill  • Bosch unveils IoT 'garage' in Bengaluru  • Snooping row: WhatsApp regrets not meeting govt expectations  • Apple announces $1bn Austin campus before Trump's visit  • $800 bn investment needed for Asia's food security: Report 
Last updated: 17 Oct, 2019  

Tata.9.Thmb.jpg Tata Motors jumps 10% after Brexit deal 'agreed'

Tata Logo
   Top Stories
» India, E29 beacons of growth in a slowing global economy: Goyal
» Govt mulls simplified norms to attract global manufacturers
» DGTR simplifies process to protect domestic industry
» High geopolitical risks may benefit Indian outsourcing industry: Report
» Recession risks building in global economy: Moody's
SME Times News Bureau | 17 Oct, 2019
Investors hurriedly bought Tata Motors shares on Thursday after the news of Britain and the EU reaching a new Brexit deal reached Dalal Street.

According to reports, a Brexit deal has been agreed between UK and EU negotiating teams before a meeting of European leaders in Brussels, post which the benchmark Sensex closed 453 points higher while Tata Motors jumped 9.82 per cent on the BSE to Rs 138.15 a share.

Jaguar Land Rover, the UK subsidiary of Tata Motors, is one of Britain's largest automotive manufacturers. The company's performance had taken a hit owing to Brexit related uncertainties.

Easing trade tension & positive development on Brexit provided further boost to the market, analysts said.

"The Brexit deal is yet to be passed by the parliament but if the uncertainty ends, it is positive for auto industry and IT companies abroad," Deepak Jasani of HDFC Securities said.

Foreign media cited a statement from British Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker according to which the UK and EU have greed a new withdrawal deal on Thursday.


 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 21 Nov, 2019
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» Mishra for separate polices, simple processes to help MSMEs(1)
» Online registration for IndiaSkills 2020 opens(1)
» Good progress made in the field of MSMEs: Gadkari(1)
» Awareness drives on MSME benefits(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter