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    "headline": "ITC Infotech acquires 22.1% stake in Happiest Minds for Rs 1,330 crore",
    "dek": "ITC Infotech plans to acquire a 22.1% stake in Happiest Minds for Rs 1,330 crore.",
    "prose": "ITC Infotech agreed to acquire a 22.1% stake in Happiest Minds for Rs 1,330 crore. [^1]\n\nOfficial data released on 2024-09-01 showed India's economy grew 7.8% year-on-year in the April-June quarter, driven by strong investment, manufacturing and consumer demand. [^2]\n\nAt the press conference, top executives of Happiest Minds said that ITC leadership had stipulated the continuity of the entire workforce and leadership team. [^3]\n\nThe combined entity resulting from the acquisition is expected to achieve $1 billion in annual revenue by FY28. [^4]\n\nThe transaction value is stated as Rs 1,330 crore. [^5]\n\nBrent crude oil rose to around $91 per barrel after fresh US-Iran attacks, while global bond yields climbed to new highs. [^6]\n\nGIFT Nifty futures pointed to a positive start for the Nifty 50 index, which closed at a one-month low of 24,080.4 on 2024-08-31. [^7]\n\nThe executives stated that these high utilization levels leave little room for headcount reduction, effectively ruling out job cuts. [^8]",
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