Steel prices have risen by 15% globally and by Rs 1000 to Rs 1500 per tonne in India due to China’s stimulus measures. The positive trend is expected to continue, with Indian steel producers likely to increase prices post-monsoon. There is no immediate need for government curbs on steel imports.
Tata Motors launches tender offer for Iveco Group; deal values company at €3.82 billion
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