The International Monetary Fund (IMF) upgraded India’s GDP projections by 20 basis points to 7 percent, from previous estimates. COP29, held in Baku, was the 29th United Nations Climate Change, aimed to implement further measures to limit global warming to 1.5°C, emphasizing the urgent need for investment in climate action. In December 2024, the BSE Sensex fell 2.08% to 78,139, and the Nifty 50 declined 2.01% to 23,645, driven by weakness in IT and banking stocks. Investor sentiment was dampened by global and domestic challenges, including geopolitical tensions, U.S. election uncertainties, Federal Reserve concerns, rising inflation, slower GDP growth, and a depreciating rupee.
Key M&A and PE Deals include Metropolis Healthcare acquiring Core Diagnostics for $29 Million, and EPACK Prefab raising $20 million from GEF Capital Partners. To read more, click here.
