Foreign investors continued to divest from Indian financials in early May, withdrawing ₹17,960 crore due to concerns over tighter banking margins and lower appeal compared to other emerging markets. Overall outflows reached ₹38,443 crore across 19 sectors, with services attracting nearly 60% of the limited inflows.
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