Indian engineering research and development (ER&D) company Tata Elxsi on Tuesday reported a 45.3% decline in third-quarter profit, mainly due to a one-time charge related to the country’s new labor laws.The Bengaluru-based company reported a profit of 1.09 billion rupees ($12.1 million) for the quarter ended December 31. Tata Elxsi took an exceptional charge of […]
