Texmaco Rail & Engineering shares rose sharply after reporting a 45% rise in Q4 net profit. Despite lower revenue, margins improved, while a Rs 4,045 crore South Africa order win and defence foray plans boosted sentiment. The stock hit an intraday high amid strong growth and a global expansion outlook.
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