Turtlemint Q2 net loss narrows 67% to Rs 26 crore, revenue rises 35%
The improvement was driven by an expansion in insurance distribution through Turtlemint's network of advisors, alongside higher renewal income, which carries better margins than commissions earned on new policy sales.
Tata Steel reported net profit of Rs 5,055 crore for its India business in the second quarter, according to africaleader.com. Orissadiary.com and avenuemail.in also gave the Rs 5,055 crore figure and reported a rise of about 20% year on year. Telugupeople.com reported a 16.2% increase in Tata Steel’s second-quarter profit, while indiainfoline.com covered the company’s India operations and results in a share-price update; the headlines do not explain the different growth figures.
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