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TaMo aims to drive down Iveco costs, open new roads
Mint Ahmedabad
|October 01, 2025
Analysts questioned the rationale of buying the Italian firm that was facing growth hurdles
Tata Motors said the Iveco buyout could unlock a bigger value than JLR.
(AF)
Tata Motors' biggest global bet since Jaguar Land Rover (JLR) will be steered by cost savings. Cutting spending on product development, components and research is central to its $4.4 billion acquisition of Italian commercial vehicle maker Iveco, alongside plans to expand into new markets and product segments, the company said, maintaining that the move could unlock a bigger value than even JLR.
At a meeting with analysts of top brokerage houses on Monday, the company's management laid out its plan to leverage its biggest buyout after JLR in 2008. This comes at a time when analysts questioned the rationale of the buyout just ahead of the demerger of its commercial vehicle entity.
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FLERE HISTORIER FRA Mint Ahmedabad
Mint Ahmedabad
April-August fiscal gap rises to ₹5.98 tn
India's fiscal deficit rose in the first five months of 2025-26, as compared with the same period last year, due to higher government capital expenditure while net tax revenue declined.
2 mins
October 01, 2025
Mint Ahmedabad
US energy giants eye India LNG network
US energy giants Exxon-Mobil Corp. and Chevron Corp. are eying entry into India's LNG infrastructure business, including terminals and pipelines, said two people in the know, even as the two nations look to thrash out differences over New Delhi's Russian oil imports.
1 min
October 01, 2025
Mint Ahmedabad
Namma Yatri shifts gears: Cabs power revenue growth engine
Bengaluru-based mobility startup Namma Yatri, which launched on-demand auto-rickshaw services three years ago, now generates a significant share of its revenue from cabs as it expands into Bhubaneswar, Chennai and Kolkata.
1 mins
October 01, 2025
Mint Ahmedabad
Furlenco reinvents furniture rentals
Furniture rental startup Furlenco is doubling down on its premium offerings to fuel growth as it prepares for a public listing, according to founder and chief executive Ajith Karimpana.
2 mins
October 01, 2025
Mint Ahmedabad
Toyota, i-banks in talks for India IPO
Discussions in early stages, IPO may raise up to $800 mn
1 min
October 01, 2025
Mint Ahmedabad
'Surrendering posts to affect rail safety'
The Railway Board's move to surrender 29,243 posts in 2025-26 despite thousands of vacancies will compromise safety and operational efficiency, Shiv Gopal Mishra, general secretary of All India Railwaymen's Federation (AIRF), has said.
1 min
October 01, 2025
Mint Ahmedabad
Double the fun? Split-screen videos rewriting content consumption
Scroll through any social media feed today, and you are bound to see it: the screen sliced in two, with parallel videos running side by side.
2 mins
October 01, 2025
Mint Ahmedabad
Gold climbs ₹500 to touch ₹1.2 lakh/10g
Gold prices on Tuesday climbed ₹500 to touch record ₹1.20 lakh per 10g in the national capital on a weak dollar and expectations of further rate cuts by the US Federal Reserve.
1 min
October 01, 2025
Mint Ahmedabad
Satellite firms seek separate permit in draft telecom rules
The draft policy has grouped all telecom services in four categories, ignoring unique needs of satellite internet providers
2 mins
October 01, 2025
Mint Ahmedabad
Exporters open up new avenues as US tariffs kick in
Exports to China climbed 22.4% to $1.22 billion. BLOOMBERG
1 mins
October 01, 2025
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