By Ashutosh Joshi
MUMBAI--Tata Steel Ltd. (500470.BY) Thursday posted its biggest quarterly loss ever as the company took a large non-cash charge on some assets write-downs, including in its key European market.
Tata Steel reported a net loss of 65.29 billion rupees [$1.17 billion] for the January-March period, compared with a profit of 4.33 billion rupees a year earlier. Sales rose 1.0% to 341.80 billion rupees.
The company, part of India's...