The demerger of Tata Motors’ truck business will unlock value for shareholders. The truck business has been a consistent cash flow generator for the last five years but that was never fully captured at the consolidated level given the higher spending of the passenger vehicles (PV) division on product development. On the volume front, Tata Motors sold 2,73,715 CV units while Ashok Leyland shipped 1,38,415 units between April-December 2023.
Gold edges higher on softer oil; US midterm elections in focus
Following a previous surge, gold prices experienced a minor uptick, influenced by declining oil rates and ongoing inflation concerns. Investors are honing in on the