The finance minister presented the balanced Union Budget 2024, highlighting the healthy fundamentals of Indian economy. Government by giving a non-populist budget has shown confidence in the reform process and performance of government in last decade. There’s a noticeable rally in cyclical stocks, driven by the broader economic outlook with both Sensex and Nifty continuing their rallies.
With primary and secondary markets on fire, the M&A – deal making has taken a back seat in last six months. Sony terminated of $10 bn merger with Zee Entertainment citing Zee’s failure to meet conditions while Byju’s is trying to raise funds at a steep discount after facing financial problems. To read more, Click here.
