The FIPB has approved a proposal by the Spanish apparel player, Industria de Diseno Textil, Sociedad Anonima (Inditex SA), to set up a joint venture with the Tata group subsidiary, Trent Ltd with an investment of Rs 23.58 crore.
With steel prices almost halved
from the year-ago period, Tata Steel today recorded a 47 per
cent dip in standalone net profit for the quarter ended June
30 and hoped for an improved show in coming quarters.