March 5, 2026

onefifth

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Coforge-Encora deal: IT firm to acquire AI player Encora for $2.35 bn; PE investors to hold one-fifth stake

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IT services firm Coforge on Friday announced the acquisition of Silicon Valley-based AI firm Encora in an all-stock deal valued at $2.35 billion (about Rs 21,133 crore), marking one of the largest overseas acquisitions by an Indian mid-tier IT company, PTI reported.The acquisition will be funded entirely through equity, with Coforge issuing preferential shares worth…

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India poised to drive one-fifth of global GDP growth; resilient to external shocks: Shaktikanta Das

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India is expected to contribute about 20% of global GDP growth, underpinned by strong domestic demand and prudent macroeconomic and financial sector policies that have helped it withstand external shocks, Shaktikanta Das, Principal Secretary-2 to Prime Minister Narendra Modi, said on Saturday.Addressing the 85th Kale Memorial Lecture on “Indian Economy in a changing global order”…

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