Coforge and Cigniti Technologies are moving a step ahead toward a planned merger. The two companies have appointed EY and Axis Capital to prepare merger terms, which they intend to propose to their respective shareholders within a fortnight, according to people aware of the matter. As per the merger plan, Coforge will absorb the listed Cigniti Technologies.
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Aditya Birla Capital is integrating its lending, insurance, and mutual fund services with the Open Network for Digital Commerce (ONDC) platform, enabling various buyer apps to offer these financial products to their customers, expanding access to formal credit, insurance, and investment opportunities in India.
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Stocks in Asia saw muted gains amid relatively thin holiday trading after a rally in some of the world’s largest technology companies boosted US benchmarks. Shares opened higher in mainland China, while they were mixed in Japan and Australia. Taiwan Semiconductor Manufacturing Co. shares touched a record high in Taipei, extending a bumper year.
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