CHENNAI: TVS Supply Chain Solutions (TVS SCS) saw a consolidated second quarter net loss after tax of Rs 30 crore down from just over Rs 51 crore loss in Q1. Last Q2 the company had clocked a consolidated profit of nearly Rs 38 crore. “On a consolidated basis, Q2 EBITDA margins expanded 100 bps YoY as margin expansion in the Integrated Supply Chain Solutions (ISCS) segment helped balance the Network Solutions (NS) segment,” the company said in a statement. “Consistent margins and decrease in interest expenses helped narrow...
Asian stocks made gains on Wednesday as there are reports indicating that China’s major banks are preparing to decrease interest rates. Additionally, investors...