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In key structural shift, debt becomes the big new vehicle as Indian IT goes deal-shopping
Indian IT firms are increasingly embracing debt financing for major acquisitions, a departure from their traditional debt-free approach. This is aimed at bolstering AI capabilities, expanding market reach and accelerating growth. Companies like Persistent Systems are leveraging significant financing for strategic takeovers, reflecting a broader industry trend.
Hexagon Nutrition Ltd leads gainers in 'B' group
Commercial Syn Bags Ltd, IFGL Refractories Ltd, Control Print Ltd and Orient Technologies Ltd are among the other gainers in the BSE's 'B' group today, 02 July 2026.
June auto sales data: Commercial vehicle turns consensus player; brokerages list stocks to buy
Indian automakers reported strong performance in June 2026, with healthy demand across passenger vehicles, two-wheelers, commercial vehicles and tractors. Brokerages including Motilal Oswal, Emkay and ICICI Securities highlighted broad-based growth, with several OEMs beating estimates. Maruti, M&M, TVS and Tata Motors stood out, while Hyundai underperformed in PVs. Analysts remain optimistic on the sector, favouring CVs and select two-wheeler players amid improving demand and pricing conditions.
Tata Motors CV posts strong June sales; EV volumes jump four-fold in Q1
Tata Motors reported a 35% year-on-year rise in June commercial vehicle sales, driven by strong domestic demand and an 83% jump in international business, while electric CV volumes continued to gain momentum.
ZF Commercial Vehicle slides as CFO resigns
ZF Commercial Vehicle Control Systems India fell 1.86% to Rs 2,514 after the company said its chief financial officer (CFO) & key managerial personnel (KMP), Sweta Agarwal, has resigned effective from the close of business hours on 30 June 2026.
ZF Commercial Vehicle Control Systems India Ltd accepts CFO resignation - scanx.trade
ZF Commercial Vehicle Control Systems India Ltd accepts CFO resignationscanx.trade
Tata Motors-Iveco revenue to be $35-40 billion in 5 years: N Chandrasekaran
Tata Motors is projecting a remarkable revenue growth of $35-40 billion in its commercial vehicle sector over the next five years from its acquisition of Iveco Group, chairman N Chandrasekaran said. This strategic decision, expected to finalise by September, aims to enhance Tata Motors' global reach with synergistic products and cutting-edge technologies.
Tata Motors CV bets on Iveco deal to prop up local, global play
Tata Motors is targeting a 40% domestic commercial vehicle market share by FY28, bolstered by the proposed $4.5 billion acquisition of Italian firm Iveco. This strategic move aims to unlock new markets, products, and technologies, complementing Tata's existing presence. The company also sees strong domestic recovery, achieving its highest heavy commercial vehicle market share in a decade and maintaining double-digit Ebitda margins despite cost pressures.
Tata Motors CEO says India growth story will outweigh West Asia war impact on CV demand in long term
Tata Motors anticipates short-term headwinds for commercial vehicle demand due to West Asia war-induced diesel price hikes. However, MD & CEO Wagh remains optimistic, citing India's strong macro-economic growth as a long-term driver for increased road freight and commercial vehicle demand. He also highlighted government initiatives like electrification incentives as positive factors for the industry's future.
Centre approves Rs 530 cr for intelligent transport system in Chennai
Chennai is set to revolutionize its traffic management with a Rs 500 crore intelligent transport system. Funded by a loan from Japan, the project will enhance efficiency and handle growing demands. Key features include advanced traffic control at numerous junctions, incident detection, and real-time information systems. The Greater Chennai Corporation anticipates full operation by August 2026, promising a smoother commute for residents.
BofA Securities prefers this midcap IT stock but stays cautious on its peers
According to BofA, modernisation of legacy technology systems could become one of the earliest large-scale commercial applications of AI for IT services firms. The brokerage expects success in this segment to be driven by the effective deployment of AI-powered coding tools rather than traditional workforce management models.
Tata Motors targets bigger slice of PV and CV markets
With the passenger vehicle business aims for a 20% share by FY31, the commercial vehicle unit is targeting 40% by FY28.