Tata Motors shares fall 30% in a day, most in 26 years

Shares of Tata Motors on Friday fell as much as 29.45%, its biggest slump since February 1993 on an intraday basis, after the automaker posted the biggest quarterly loss in India's corporate history. Tata Motors on Thursday posted a ₹26,993 crore loss for the December-quarter due to a one-time asset revision charge over its luxury unit Jaguar Land Rover.