Titan Co is in discussions with Qatar’s Mannai Corp to acquire a stake in Damas Jewellery, estimated at ₹4,500 crore. The acquisition would boost Titan’s presence in the GCC region. Previous talks failed due to valuation disputes, but renewed negotiations indicate strong interest from Titan.
US Stocks: Nasdaq, S&P end lower as tech megacap declines outweigh upbeat chip outlook
Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech’s AI spending concerns, the Dow edged higher.