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With US elections next year, the incumbent President would not like to have a recession and high unemployment at the time voting, says Satish Ramanathan.
The IPO of Tata Technologies is generating a strong response from investors. Moving away from the initial noise, much of the optimism around the company is due to cheap valuations when compared with listed peers such as KPIT, L&T Tech and Tata Elxsi.
Tata Motors sold 9.9% stake for Rs 1,1613 crore in a pre-IPO deal last month. After selling 4.63 crore shares, Tata Motors’ stake in Tata Tech will go down from 64.79% to 53.39%.
Gandhar Oil Refinery has reserved 50 percent of the net issue for QIBs, 15 percent for NIIs and the remaining 35 percent for retail investors
The last time investors got a chance to participate in such a public float was in 2004 when TCS hit the bourses. The IT services company turned out to be an excellent wealth creator for investors and is one of the top blue-chips today in terms of market capitalisation. Can the software-solutions provider to automakers repeat the feat?