Indian stocks are facing losses while other economies see gains. This is due to a global AI investment frenzy benefiting chip makers like Samsung Electronics and SK Hynix. India lacks direct AI exposure, leading to lower corporate earnings growth. Foreign investors are seeking better returns elsewhere, impacting the Indian market.
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