Home-cooked vegetarian and non-vegetarian thalis saw a 5% and 7% price increase in May, respectively, due to rising costs of tomatoes, vegetable oils, and LPG. Tomato prices surged 57% year-on-year, with further increases expected due to production declines and heat-related concerns. Potato and onion prices are also anticipated to rise, while pulses are expected to remain stable.
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