Mumbai, Jan 2 (IANS) The Indian benchmark indices traded in the green zone early on Friday, supported by strong macroeconomic indicators and stable domestic fundamentals.As of 9.30 am, Sensex advanced 185 points, or 0.22 per cent to 85,374 and Nifty gained 61 points, or 0.24 per cent to 26,208.Main broad-cap indices performed in line with benchmark indices, with the Nifty Midcap 100 adding 0.42 per cent, while the Nifty Smallcap 100 gaining 0.30 per cent.Maruti Suzuki, ONGC and Tata Steel were a…
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New Delhi, Dec 26 (IANS) Coforge on Friday announced that it will acquire US-based engineering services firm Encora in a $2.35-billion all-stock deal, marking one of the largest transactions in India’s IT services space.The acquisition will be carried out through a share swap, under which Coforge will issue 93.8 million equity shares priced at Rs 1,815.91 each.This values the non-cash transaction at around Rs 17,032 crore. After the deal, Encora’s shareholders will own about 21.25 per cent o…