British automobile maker Rolls-Royce on Tuesday reported a record loss of £4.6 billion (over ₹38,600 crore) for 2016, reflecting a fine to settle bribery charges and the weak pound. Rolls-Royce agreed to pay £671 million (over ₹5,500 crore) in January to authorities in Britain, Brazil, and the US. The amount, which is payable over five years, has been booked together.

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Added on : 2017-02-14 16:13:00

British automobile maker Rolls-Royce on Tuesday reported a record loss of £4.6 billion (over ₹38,600 crore) for 2016, reflecting a fine to settle bribery charges and the weak pound. Rolls-Royce agreed to pay £671 million (over ₹5,500 crore) in January to authorities in Britain, Brazil, and the US. The amount, which is payable over five years, has been booked together.

Editor & Publisher : Dr Dhimant Purohit

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