Tata Motors has launched a voluntary tender offer for all issued common shares of Italian transport vehicle maker Iveco Group at €14.1 per share, in cash, including the dividend. Tata Motors CV and Iveco Group jointly announced the offer’s commencement by TML CV Holdings B.V. in an exchange filing on Saturday, September 5. The offer…
Gold and silver can both have a role in an investor’s portfolio, but they serve different purposes. Tata Mutual Fund in a note on precious metals said that outlook remains bullish on both precious metals over the medium to long term, while favouring a higher allocation to gold due to its defensive nature and relatively…
Auto stocks rallied as much as 6% on Monday ahead of the all important two-day GST council meeting that starts on Wednesday, September 3. Sectorally, auto trumped its peers with the Nifty Auto index finishing the day with 2.8% uptick. All the 15 stocks settled in the green. The positive sentiments helped stocks sail through…
Midcap stocks may have cooled off from their peak, but they’re still far from being a bargain. Satish Mishra, Fund Manager at Tata Asset Management, believes the space remains attractive for long-term investors. From capex-driven industrials to healthcare and NBFCs, here’s where the fund is placing its bets – and why patience might be the…
Mumbai: Tata Sons, the holding company of Tata Consultancy Services (TCS), plans to sell 23.4 million shares in India’s largest software services exporter for at least ₹9,300 crore on Tuesday, showed a term sheet issued by JP Morgan, the banker to the deal. The floor price for the stock, amounting to 0.65% of the company’s…
