Tata Motors may consider dividend payment for FY23 after seven years, which may narrow the discount in its DVR shares over its ordinary shares. Tata Motors’ DVRs trade at a 44% discount to its ordinary shares, but offer a higher percentage of dividends for retail investors.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction