In the last five years, the share of local funds rose by more than 500 basis points aided by an investment of Rs 5.3 lakh crore compared with Rs 3.1 lakh crore poured by foreign portfolio investors.
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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