Ficci president Anant Goenka advocates for steady interest rates, citing supply-side price pressures from the West Asia crisis. He suggests restricting rupee intervention to volatility management and believes foreign capital will return after market corrections, while emphasizing proactive engagement with FTAs and focus on sunrise sectors for manufacturing.
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