The Indian rupee saw its steepest gains in two weeks, rebounding against the dollar after significant central bank interventions. Talk of potential interest rate hikes also bolstered the currency, making it the strongest Asian performer. Despite underlying pressures, the rupee closed stronger, with traders anticipating further measures to protect its value.
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