Tata Motors is in advanced talks to acquire a majority stake in Italian truck manufacturer Iveco from the Agnelli family's investment company, Exor. The deal, if finalized, will be the second-largest acquisition by Tata Motors and its biggest to date. The company may face fewer regulatory hurdles as it plans to only acquire the non-defense segment of Iveco's business. Morgan Stanley, Goldman Sachs, and Clifford Chance are involved in the negotiations.
India has taken the strongest action yet against foreign trading firm Jane Street, barring it from accessing the country's securities market and impounding $567 million. The US-based firm, which disputed the findings, has a global presence with over 3,000 staff and trades in stocks of 45 countries. It recently expanded its presence in Hong Kong and started its first unit in India in December 2020. India's market regulator SEBI found that the firm's four group entities made a combined profit of $5 billion by trading in equity options in the country between January 2023 and March 2025.
In its latest FOMC meeting, the US Federal Reserve announced that it will maintain a key interest rate of 4.25%-4.50%, marking the fifth consecutive time without any changes. This decision falls in line with market expectations, despite US President Donald Trump's repeated pressures on Fed Chairman Jerome Powell to lower rates. The announcement was followed by slight gains in the US markets, but the Fed remains attentive to potential risks to the economy.
President Donald Trump has announced that the United States will impose a 25% tariff on goods from India, along with an additional import tax, in response to India's purchase of Russian oil. Indian tariffs on American products have been deemed too high by Trump, who also mentioned India's military equipment and oil purchases from Russia, which he believes supports Moscow's involvement in Ukraine. Despite ongoing negotiations, the Trump administration plans to implement these tariffs, while also seeking similar tariff increases on other trade partners such as Russia, as a way to generate more domestic jobs and offset budget deficits. This decision has drawn criticism and pushback from European leaders, who believe it could impact international relations and U.S. leadership on the global stage.
The US has drawn attention worldwide with its TACO approach to tariff policies, where it announces severe tariffs only to backtrack and defer their implementation. This has led to speculations regarding the US's economic strategy, which involves the game of 'chicken' as explained by game theory. This pattern of constantly fluctuating tariffs is, in fact, a strategic price discovery process, where the US aims to negotiate tariffs with different countries based on their trade agreements. This approach has caused many countries to engage in discussions with the US, making it a game of who blinks first.
After facing backlash over a major app redesign last May, Sonos has named Tom Conrad as its permanent CEO. Conrad, who previously served as the company's interim chief executive and chief product officer at the now-defunct streaming platform Quibi, is committed to restoring trust and improving functionality for Sonos users. Under his leadership, Sonos has streamlined operations, ended a partnership with Ikea, and rolled out significant software improvements. With this announcement, Sonos is signaling a clear push to win back customers and imagine the next generation of experiences.
The Ministry of Ports, Shipping and Waterways announced a summit and key policy changes aimed at positioning India as a top maritime power by 2047. Under the visionary leadership of Prime Minister Modi, the maritime sector is undergoing transformative changes such as improved operational efficiency, increased investment, and enhanced infrastructure. The proposed Maritime Development Fund, consultations with global stakeholders, and policy initiatives like the Merchant Shipping Bill all aim to make India a global leader in finance, shipbuilding, and green maritime infrastructure.
Tata Motors is in talks to purchase the truck unit of Italy's Iveco Group, according to reports. This news caused the company's stock to plummet by nearly 4%, as it continued to trade below important moving averages. On the bright side, the stock has performed well over the past five years, but has seen a recent decline due to the current year's market conditions. While Tata Motors plans for future growth, Jaguar Land Rover, its subsidiary, is cutting hundreds of managerial positions to better align with their business strategy.
The sudden death of Sona Group founder, Surinder Kapur's son, Sunjay Kapur, has sparked a controversy within the family that threatens to destabilize the company. Sunjay's widow, Rani Kapur, has claimed to be the majority shareholder and has accused unnamed individuals of trying to seize control of the company. However, the company has issued a statement refuting her claims and stating that she has had no role in the company since 2019. The controversy has had a negative impact on the company's share prices and has raised concerns among shareholders.
Close to two decades after acquiring Jaguar Land Rover, Tata Motors is reportedly in advanced discussions to acquire avid truck maker Iveco from the Agnelli family for a potential transaction of $4.5 billion. This deal could significantly boost Tata Motor's truck business, providing it with access to advanced technology and major developed markets. The company has already announced plans to split its CV and Passenger Vehicle businesses into separate listed entities.