Small- & mid-tier IT firms log faster revenue traction
Among the non-top five companies, Coforge, Persistent Systems, and Sonata Software have displayed strong topline momentum in recent quarters.
Bain Capital closes in on Manappuram Finance deal
Bain Capital is nearing a deal to acquire a controlling stake in Manappuram Finance. The agreement involves fresh capital from Bain and a secondary share sale by promoters, potentially increasing Bain’s stake to 46%. The deal is expected to bring management changes, with a new CEO and initial joint operations.
Dollar reprieve brings global funds back to emerging Asia stocks
The uptick adds to signs the tide may be turning for regional equities after they underperformed their global peers last year due to the strengthening dollar and concern they would suffer from global trade tensions.