Economists estimate the surplus transfer-often referred to as the central bank’s dividend to the government-in the range of Rs 2.7 lakh crore to Rs 3 lakh crore. In the FY27 Union Budget, the government has estimated Rs 3.16 lakh crore in dividends from state-owned companies and surplus transfers from the central bank. Last year, the RBI transferred Rs 2.68 lakh crore, 27% higher than the previous year.
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