Coforge's planned $2.35 billion all-stock acquisition of US-based Encora has divided the Street, with a few brokerages terming it a "strategically positive" but execution-heavy bet while others raising valuation concerns.
It started out as a Production Linked Incentive (PLI) scheme to make India an export hub. But after many a twist and turns, the latest 2.0 PLI for IT hardware, for which the 40 eligible candidates have applied till its deadline, is now focused on 'import substitution'. The scheme will help in reducing India's over-dependence on imports (80 per cent of laptops are imported), especially from China which include laptops, tablets and servers.
Scenes from the post triumph celebrations after Australia won its first T20 World Cup championship at the Dubai international cricket stadium on Sunday.
A lot of gains have been driven by foreign portfolio investors. Lower interest rates globally have forced foreign investors to seek avenues for growth. They have been net buyers to the tune of Rs 2.5 trillion over the trailing 12 months, including May, reports Sachin P Mampatta.
Jacques Kallis hit an unbeaten half-century to guide the Royal Challengers Bangalore to a convincing seven-wicket victory against Delhi Daredevils and keep their hopes alive of making it to the semi-finals in the Indian Premier League, in Johannesburg on Tuesday. Kallis brought all his experience into play and carried his bat through the innings during his unbeaten knock of 58 from 56 deliveries in a must-win game for Bangalore.
Mahindra United need to guard against complacency when they take on the spirited Goan team in the semi-finals of the Federation Cup football tournament.
Enthused by rising potato prices after a prolonged slump, Pradeep Sharma was planning to sow the crop on his 15-acre farm near Agra slightly earlier than usual. The delayed departure of the southwest monsoon also prompted his decision, since the good soil moisture would have saved at least one initial irrigation. But the acute shortage of diammonium phosphate (DAP), a crucial nutrient ahead of the sowing season for potatoes, nipped those hopes in the bud. DAP is the second-most used fertiliser in the country after urea.
Domestic air traffic clocked slowest growth in 4 years on high fares and flight cancellations.
Uruguay, with 3.3 million people, are into a quarter-final with Argentina's conquerors France after four straight wins including a stunning 2-1 knockout victory over Cristiano Ronaldo's Portugal.
'Good politics is not just staying in power. You cannot sacrifice everything at the altar of trying to ensure the coalition remains in power.'
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