Web Sify
Follow us on
Sify.com » Topics » Percy Siganporia
Percy Siganporia News

Expenditure pulls Tata Global Beverages net down
An increase in exceptional expenditure for the quarter ended December 31 brought down the consolidated third-quarter net profit of Tata Global Beverages (TBG) by nearly 11 per cent to Rs 64.06 crore as against Rs 71.93 crore reported last year. These exceptional items were redundancy costs of Rs 2.11 crore and expenditure incurred on long-term initiatives and new projects of Rs 13.92 crore. Redundancy