CSBC Driver Constables registration 2025 begins for 4361 posts; here's apply link
The recruitment drive aims to fill 4361 vacancies. Candidates can check the eligibility criteria, age limit, pay scale, and other details available in the notification below:
Here's the official notification.
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Applicants from Bihar state/ Female candidates SC/ ST category are required to pay a fee of Rs 180, whereas Rs 675 applies to other category candidates.
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Economic Times
an hour ago
- Economic Times
Tata Motors' Iveco takeover to fuel global CV ambitions but not without risks
MUMBAI: Tata Motors has agreed to acquire Italian commercial vehicle maker Iveco in what would become its largest-ever acquisition, surpassing the 2008 Jaguar Land Rover (JLR) deal. The acquisition of Iveco, Europe's fourth-largest truck and bus maker maker, is widely seen as a strategic move by Tata Motors to elevate its commercial vehicle (CV) business from a mainly domestic focus into a significant global Motors offer is aimed at acquiring 100% of Iveco's common shares with a subsequent delisting of Iveco Group from the Euronext Milan stock exchange. The all-cash offer valued Iveco at about Rs 3.8 billion ($4.4 billion). Both companies believe that having Iveco operate as a wholly-owned unit of the Mumbai-based automaker is crucial for its sustainable success and long-term value creation. Iveco has a diversified business with 74% of revenues from Europe and the rest from South America, Africa, and Oceania. "This combination is a strategic leap forward in our ambition to build a future-ready commercial vehicle ecosystem," said Girish Wagh, executive director of Tata Motors. "By integrating the strengths of both organisations, we are unlocking new avenues for operational excellence, product innovation and customer-centric solutions."He said the combination of Tata Motors and Iveco would allow them to cater to diverse mobility needs across markets, delivering sustainable transport the deal, Mumbai-based Tata Motors would gain access to advanced electric vehicle and hydrogen powertrain technologies, a broader product lineup, and immediate entry into several new markets. With minimal overlap in product lines and geographies, the merged entity would have annual sales of over 540,000 vehicles and combined revenues of around Rs 22 billion (Rs 2.2 lakh crore). Operations would span Europe (50%), India (35%), and the Americas (15%), with a growing presence in Asia and Africa, the companies said in a joint statement. The partnership is expected to enhance innovation in sustainable mobility, improve operating leverage, and unlock efficiencies by sharing capital investments across a larger volume base. It will also enhance Iveco's powertrain arm, FPT, expanding its global reach and capabilities, it said. The deal excludes Iveco's defence business, which is being spun off and sold to Italy's Leonardo in a separate transaction."This acquisition will help Tata Motors become a global player-an ambition it has harboured since it acquired Korean commercial vehicle maker Daewoo Motor in 2004, but which remained largely unfulfilled," said VG Ramakrishnan, managing partner at Aventeum Advisors, a transaction advisory the domestic front, Tata Motors' share in the CV market has been declining amid rising competition and product gaps in key segments. It fell to 37.1% in FY25 from 41.7% in FY23, according to data from the road transport ministry's Vahan portal. Earnings, however, improved thanks to better realisation and cost control despite pressure on volumes. The acquisition of Iveco could thus plug one of Tata Motors' most critical weaknesses."It will also help Tata Motors strengthen its position in the significant intermediate commercial vehicle (ICV) segment, where rival Eicher has a strong presence and Tata has struggled," said Mahantesh Sabarad, an auto industry expert. "But the timing of this deal is delicate, given the CV business is being separated and prepped for re-listing sans passenger vehicles. An acquisition of this size could be a bit of a stretch for the company," said Sabarad, referring to Tata Motors' plan to split its passenger and CV businesses into separate listed entities. Iveco's technology is not new to Indian roads. In 1987, the Italian company became a shareholder and technology partner in Ashok Leyland, helping launch a new generation of trucks powered by Iveco engines and platforms. Though the Hinduja Group bought out Iveco's stake in 2007, its engineering legacy continues to influence Ashok Leyland's product design. Market reaction to the news has been mixed. Tata Motors shares closed nearly 3.5% lower on Wednesday after reports emerged of the potential acquisition.
Time of India
2 hours ago
- Time of India
Tata Motors' Iveco takeover to fuel global CV ambitions but not without risks
MUMBAI: Tata Motors has agreed to acquire Italian commercial vehicle maker Iveco in what would become its largest-ever acquisition, surpassing the 2008 Jaguar Land Rover (JLR) deal. The acquisition of Iveco, Europe's fourth-largest truck and bus maker maker, is widely seen as a strategic move by Tata Motors to elevate its commercial vehicle (CV) business from a mainly domestic focus into a significant global force. Tata Motors offer is aimed at acquiring 100% of Iveco's common shares with a subsequent delisting of Iveco Group from the Euronext Milan stock exchange. The all-cash offer valued Iveco at about Rs 3.8 billion ($4.4 billion). Both companies believe that having Iveco operate as a wholly-owned unit of the Mumbai-based automaker is crucial for its sustainable success and long-term value creation. Iveco has a diversified business with 74% of revenues from Europe and the rest from South America, Africa, and Oceania. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Data Science Others others CXO Leadership Design Thinking Technology Operations Management MBA Project Management Product Management Degree Healthcare Finance Cybersecurity MCA Public Policy Digital Marketing Data Analytics Management PGDM healthcare Artificial Intelligence Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details "This combination is a strategic leap forward in our ambition to build a future-ready commercial vehicle ecosystem," said Girish Wagh , executive director of Tata Motors. "By integrating the strengths of both organisations, we are unlocking new avenues for operational excellence, product innovation and customer-centric solutions." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like These Neuropathy Socks Are Going Viral in Australia TourmaRelief He said the combination of Tata Motors and Iveco would allow them to cater to diverse mobility needs across markets, delivering sustainable transport solutions. Through the deal, Mumbai-based Tata Motors would gain access to advanced electric vehicle and hydrogen powertrain technologies, a broader product lineup, and immediate entry into several new markets. With minimal overlap in product lines and geographies, the merged entity would have annual sales of over 540,000 vehicles and combined revenues of around Rs 22 billion (Rs 2.2 lakh crore). Operations would span Europe (50%), India (35%), and the Americas (15%), with a growing presence in Asia and Africa, the companies said in a joint statement. Live Events The partnership is expected to enhance innovation in sustainable mobility, improve operating leverage, and unlock efficiencies by sharing capital investments across a larger volume base. It will also enhance Iveco's powertrain arm, FPT, expanding its global reach and capabilities, it said. The deal excludes Iveco's defence business, which is being spun off and sold to Italy's Leonardo in a separate transaction. "This acquisition will help Tata Motors become a global player-an ambition it has harboured since it acquired Korean commercial vehicle maker Daewoo Motor in 2004, but which remained largely unfulfilled," said VG Ramakrishnan, managing partner at Aventeum Advisors , a transaction advisory firm. On the domestic front, Tata Motors' share in the CV market has been declining amid rising competition and product gaps in key segments. It fell to 37.1% in FY25 from 41.7% in FY23, according to data from the road transport ministry's Vahan portal. Earnings, however, improved thanks to better realisation and cost control despite pressure on volumes. The acquisition of Iveco could thus plug one of Tata Motors' most critical weaknesses. "It will also help Tata Motors strengthen its position in the significant intermediate commercial vehicle (ICV) segment, where rival Eicher has a strong presence and Tata has struggled," said Mahantesh Sabarad, an auto industry expert. "But the timing of this deal is delicate, given the CV business is being separated and prepped for re-listing sans passenger vehicles. An acquisition of this size could be a bit of a stretch for the company," said Sabarad, referring to Tata Motors' plan to split its passenger and CV businesses into separate listed entities. Iveco's technology is not new to Indian roads. In 1987, the Italian company became a shareholder and technology partner in Ashok Leyland, helping launch a new generation of trucks powered by Iveco engines and platforms. Though the Hinduja Group bought out Iveco's stake in 2007, its engineering legacy continues to influence Ashok Leyland 's product design. Market reaction to the news has been mixed. Tata Motors shares closed nearly 3.5% lower on Wednesday after reports emerged of the potential acquisition.
Indian Express
2 hours ago
- Indian Express
Tata Motors to drive home Iveco takeover in Rs 38,000 crore landmark global deal
In a major acquisition abroad, Tata Motors to (TML) has proposed to acquire full control of European commercial vehicle maker Iveco Group N.V. – excluding its defence business — through a voluntary public cash tender offer estimated to cost euro 3.8 billion (around Rs 38,000 crore or US $ 4.35 billion). This is the biggest acquisition by Tata Motors after it acquired Jaguar Land Rover (JLR) from Ford in 2008 for $2.3 billion in an all-cash transaction. The envisaged voluntary tender offer will be made by TML CV Holdings Pte Ltd or a new limited liability company to be incorporated under Dutch law, which will be wholly owned, directly or indirectly, by Tata Motors. Iveco is based in Turin, Italy, and it forms part of Iveco Group N.V., which is incorporated in Amsterdam Tata Motors fell by 3.47 per cent to Rs 668.40 on the BSE on Wednesday. Iveco and Tata Motors on Wednesday announced that they have reached an agreement to create a commercial vehicles group with the reach, product portfolio and industrial capability to be a global champion in this dynamic sector. The completion of the offer is conditional on the separation of Iveco's defence business and, as such, the public offer is for all issued common shares of Iveco Group after the separation of that business, at a price of euro 14.1 (cum dividend, excluding any dividend distributed in relation to the sale of the defence business) per share in cash, TML said. The offer represents a total consideration of approximately euro 3.8 billion for Iveco Group, excluding Iveco's defence business and the net proceeds from the defence business separation. Together, Iveco and the commercial vehicle business of Tata Motors will have combined revenues of euro 22 billion (Rs 2,20,000 crore) split across Europe (50 per cent), India (35 per cent) and the Americas (15 per cent) with attractive positions in emerging markets in Asia and Africa. Tata Motors Chairman Natarajan Chandrasekaran said this is a logical next step following the demerger of the Tata Motors Commercial Vehicle business and will allow the combined group to compete on a truly global basis with two strategic home markets in India and Europe. 'The combined group's complementary businesses and greater reach will enhance our ability to invest boldly. I look forward to securing the necessary approvals and concluding the transaction in the coming months,' he said. 'We are proud to announce this strategically significant combination, which brings together two businesses with a shared vision for sustainable mobility. Moreover, the reinforced prospects of the new combination are strongly positive in terms of the security of employment and industrial footprint of Iveco Group as a whole,' Suzanne Heywood, Chair of Iveco Group. Exor, Iveco's largest shareholder with approximately 27.06 per cent of Iveco's common shares and 43.11 per cent of all voting rights, has executed an irrevocable undertaking to support the offer and tender its shareholding and vote in favour of the resolutions that will be proposed at the EGM to be held in connection with the offer. Iveco was established following the demerger from CNH Industrial, which separated the Commercial and Specialty Vehicles, Powertrain, and related Financial Services businesses. 'The combined group will be better positioned to invest in and deliver innovative, sustainable mobility solutions by leveraging both supplier networks to serve customers globally. It will also unlock superior growth opportunities and create significant value for all stakeholders in a dynamic marketplace,' TML said. Iveco is a commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks. Iveco Group employs 36,000 people around the world and has 19 industrial sites and 31 R&D centres.
