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Tata Motors Ltd said it has increased the takeover offer price for Italian truck maker Iveco Group NV by 0.30 euro per share to 14.40 euro per share, citing delay in authorisation process. In 2025, Tata Motors announced plans to acquire Iveco, excluding its defence business, for 3.8 billion euro (nearly Rs 38,240 crore) through TML CV Holdings Pte Ltd. The commercial vehicle major earlier offered 14.10 euro per share, valuing the transaction at 3.82 billion euro. Tata Motors started an all-cash voluntary tender offer for all outstanding common shares of Iveco in September. The acceptance period runs from September 7 to October 26, 2026, with Iveco Group shareholders scheduled to vote on related resolutions at an extraordinary general meeting on October 16. Iveco Group's board of directors unanimously supported the deal and has recommended that shareholders tender their shares and vote in favour of the earlier offer. While noting that the previous offer price already represented fu
Tata Projects on Monday said it has forged a strategic partnership with Canada-based MDS Aero Support Corporation to advance aero-engine testing infrastructure in India. The collaboration brings together Tata Projects' advanced infrastructure capabilities and MDS Aero Support's global expertise in gas turbine engine testing, a company statement said. The companies aim to support the development of advanced testing infrastructure for India's rapidly growing aerospace and propulsion ecosystem, it added. Under the partnership, Tata Projects will lead key infrastructure elements including civil and structural works, MEP, high-air-pressure systems, HVAC, high-temperature exhaust systems, cooling-water systems and associated site infrastructure. MDS will bring its specialised expertise in the design, engineering, supply, integration, commissioning and lifecycle support of advanced gas turbine engine test facilities and systems. Rajiv Menon, President and Chief Growth and Strategy Office