Against an expectation of 25-42 per cent jump in net profit, Tata Motors Ltd reported a 11 per cent drop in the ... it reduced its free cash flow (FCF) guidance from 1.8 billion British pounds ...

The paper also said that inflation may be higher than the government’s targets. PIDS estimates that inflation could be 3 to 4 percent next year, higher than the government’s 2-4 percent.