Tata Group revenue down 4.6% to $103 bn in FY16
Tata Group on Friday reported a 4.6% year-on-year drop in revenue to $103 billion for 2015-16, over a decline in commodity prices and currency volatility. However, in rupee terms, revenue rose 2.12% to ₹6.72 lakh crore. The conglomerate closed the fiscal with a market capitalisation (of its 29 listed companies) of ₹7.7 lakh crore, down by 7.4% from last year.