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Tata Motors' Q4 net profit declined due to a deferred tax credit impact and exceptional items, despite surpassing revenue estimates. JLR's profitability dipped, while domestic segments saw margin expansion. The company remains optimistic, planning strategic adjustments amid geopolitical challenges and focusing on cost management at JLR. They are addressing EV market share decline with new launches and model improvements.
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Indian equity markets experienced a pullback on Tuesday, with the Nifty and Sensex declining by approximately 1.5% each, following a significant surge the previous day fueled by geopolitical developments. Profit booking and weekly Sensex expiry contributed to the downturn, while mid- and small-cap stocks showed resilience.
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The loan book grew by 9.5% to 9.5 lakh crore while deposits rose by 7.2% to 13.1 lakh crore year-on-year compared with 6.7% and 3.8% growth in the previous quarter, respectively. Credit growth was buoyed by 22.1% increase in retail loan book and 12.5% rise in the micro, small, and medium enterprises (MSME).
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