Indian stock markets surged on Thursday. The Nifty and Sensex saw significant gains. This rise was driven by reports of a potential tax cut on foreign investments in Indian bonds. The rupee also strengthened. This news eased investor concerns. Pharma, Metal, and Financial Services sectors performed well. Foreign and domestic institutions were net buyers of shares.
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