Tenneco Clean Air India, a subsidiary of Tenneco Group, has filed for an IPO of Rs 3,000 crore, consisting entirely of an offer for sale by its promoter. The company, a major supplier of clean air systems to Indian commercial truck makers and off-highway vehicle OEMs, operates 12 manufacturing facilities and serves a wide range of customers.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise