China Cuts Interest Rates, Tata Motors Gains

Tata Motors shares, under huge selling pressure because of the slowdown in China, gained for the second straight session on Wednesday. Tata Motors shares jumped as much as 3.76 per cent on hopes that the interest rate cut announced in China will boost sales of its Jaguar Land Rover range of luxury cars. China on Tuesday cut its benchmark lending rate by 25 basis points to 4.6  per cent, a move aimed to lift its $10 trillion economy....