RBI, has increased the Repo rate second time by
50 bps to 4.90 per cent to address inflation concerns.
Banks have followed suit. While Indian Economy
is doing well, stock Markets are in a bearish grip
due to rising interest rates, inflation concerns and
global outlook.
Key M&A Deal include Adani buying Holcim’s
stake in Ambuja Cements and ACC Ltd to become
second largest cement player in India and PE deal
of food brand Country Delight raising $108 Mn in
a round led by Venturi Partners and Temasek.