MUMBAI: Tata Technologies is in talks with Morgan Stanley Investment Management, Blackrock and some U.S hedge funds to invest in its initial public offering at a valuation of $2.5 billion, two sources with direct knowledge said. Part of conglomerate Tata Group, the company provides engineering services for companies in the auto and aerospace sectors among others. Its IPO will be the first in two decades for a Tata Group company, which has many listed businesses including in the auto and steel sectors. Ahead of its planned $350-375 million...
NEW DELHI/BEIJING: Money managers are navigating an historic shift: India’s population, at 1.43 billion, edged past China’s this year.Now the world’s most populous...