MARKET & ECONOMY​

Times are good and getting better, economically. Professor Edward Prescott, Nobel laureate in economics (Nobel Memorial Prize in Economic Sciences) who is the co-recipient in 2004, visited Texas Tech University (TTU) recently.

Grasim Industries Limited has signed a definitive agreement to acquire 100 per cent equity shareholding of Soktas India Private Limited (SIPL) for an enterprise value of Rs 165 crore, subject to net debt and working capital adjustments, as of the closing date.