Tata-owned Trent Q2 profit surges three fold, shares hit record high

Trent, an Indian retailer and hypermarket operator, has reported a nearly three-fold increase in second-quarter profit, driven by strong demand. The company's consolidated net profit rose to 2.35 billion rupees ($28.23 million) in the quarter ending September 30, despite a 46% rise in expenses. Trent's revenue from operations...