When seen on a year-to-date basis, Nifty has gained 1.66 per cent. On the other hand, the Dow Jones is down by over 15 per cent, FTSE100 2 per cent, Shanghai index 14 per cent and Hang Seng nearly 21 per cent.
Tata Motors has launched a €14.1-per-share cash tender offer for Iveco Group, valuing the Italian commercial vehicle maker at €3.82 billion. Backed by Iveco’s largest
Kotak Securities estimates ITC’s tobacco business is valued at just 11X forward earnings, suggesting potential undervaluation. The brokerage sees stronger growth in non-tobacco businesses and
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