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Indian snacks maker Haldiram’s is in talks to acquire a majority stake in listed rival Prataap Snacks, which is valued at $350 million, to expand its presence in the potato chip market, two people with direct knowledge of the matter said. The talks are at an early stage and a valuation has not been discussed, though it could be at a premium to Prataap’s stock price. Haldiram’s is eyeing a majority stake of at least Read More

Indian benchmark equity indices rallied over 1 percent in trades on Friday on the back of frenzied buying in IT shares, a day after Infosys and TCS announced their Q3 performance. Shares of PSU banks too perked up in the latter half of the day.   The S&P BSE Sensex scaled a fresh lifetime high at 72,721 and finally ended with a gain of 847 points at 72,568. The NSE Nifty 50 registered a new Read More

Shares of Nazara Technologies rallied 8 percent on the BSE to hit a 52-week high of Rs 974.80 in Friday’s intra-day trade on the back of a healthy business outlook. The stock of the digital entertainment company surpassed its 52-week previous high of Rs 927.25 touched on September 6, 2023. It had hit a record high of Rs 1,678 on October 11, 2021. Nazara is a diversified gaming and sports media platform headquartered in India Read More

Large Cap IT major TCS is expected to report single-digit growth in revenue and profit for the December quarter (Q3FY24) as compared to last year due to higher furloughs and moderate deal wins, said analysts.  Lower discretionary spending by clients and continued weakness in the BFSI and hi-tech segments will keep earnings performance subdued, they say.  As per an average of six brokerage estimates, TCS is likely to report a net profit of Rs 11,617 Read More

Bitcoin traded just below the $47,000 mark on Tuesday, as investors await a decision from regulators on whether to approve the US’s first exchange-traded fund tied directly to the token.   The world’s largest cryptocurrency briefly swung above $47,000 late on Monday boosted by excitement over several filings revealing what potential ETF issuers planned to charge in fees for the products, should they gain the green light. Bitcoin hovered around $46,643 at 7:00 a.m. in Read More