MUMBAI (NewsRise) -- Shares of Tata Steel slumped after the company reported a surprise quarterly loss amid weaker demand in Europe and shrinking price of the alloy.
Nikkei Markets
Tata Steel shares plunge after surprise quarterly loss
Company's European operations continue to reel under weak demand
Amid the worst economic slowdown in almost a decade, demand for steel in India has also been damped by weak consumer sentiment. © Reuters
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