Rio Tinto, one of the world’s foremost mining conglomerates, has announced its plan to acquire US-based Arcadium Lithium in an all-cash transaction valued at $6.7 billion. This acquisition represents a major strategic maneuver to consolidate Rio Tinto’s standing within the burgeoning market for critical minerals, particularly those essential for renewable energy technologies and the electric […]
Swiss investment bank UBS has doubled down on its pessimistic view of Tata Motors Limited, reiterating a ‘Sell’ rating on the company’s stock due to what it perceives as significant overvaluation and looming risks associated with its luxury vehicle division, Jaguar Land Rover (JLR). UBS set a price target of INR 825.00, suggesting that the […]
Tata Technologies Limited, a global leader in engineering and digital services, finds itself at a crossroads as Citi, a major international brokerage firm, has revised its target price for the company’s stock. Despite maintaining a ‘Sell’ rating, Citi has raised the target price from ₹935 to ₹945, reflecting marginally improved estimates for Tata Technologies’ performance […]
BMW is initiating a substantial recall of over 1.3 million vehicles in China due to concerns related to Takata airbag inflators, a move reflecting similar actions taken in the United States last month. This recall impacts a wide range of models, including those from BMW’s series 1 to 6, as well as the X-series SUVs […]