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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
From net debt-free to billions in bridge financing, the Iveco acquisition means the automaker’s commercial vehicles business begins its independent journey on fragile financial ground.
As Tata Motors marks the record date for its stock split today, shareholders of the newly carved-out commercial vehicles business are inheriting India’s largest truckmaker. What they are also inheriting is the burden of the automaker’s most audacious foreign gamble yet—a 3.8 billion euro ($4.4 billion) all-cash takeover of Italy’s Iveco.
The plan to finance the deal is already in motion. Over the past month, Tata Motors has been in the market to arrange a bridge loan to entirely fund its proposed acquisition of Iveco's business sans its defence unit. The proposed loan facility would carry an interest rate 102.5 …
The UAE’s stock markets are clawing back lost ground after losing more than $120 billion at the peak of the conflict.
The interim deal between Tehran and Washington to end hostilities in the Mideast, another IPO on hold, and other news updates from the week.
FY26 numbers for the three major CV makers show resilience and all-around growth. This doesn’t look anything like the undifferentiated sector it once was.
