Tata Motors, one of the country’s biggest automotive companies, will explore partial divestment of its stake in Tata Technologies through an initial public offering (IPO). This comes after the Tata group recently filed a confidential draft red herring prospectus (DRHP) for Tata Play, which would be its first IPO in more than 18 years. The […]
The Indian rupee declined against the U.S. dollar on Thursday, as concerns over a European lender dented broader risk sentiment, but managed to remain on the stronger side of a past resistance level of 82.80.The rupee ended at 82.73 per dollar, against its previous close of 82.5950.Traders said foreign and state-run banks sold dollars around […]
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