IMF said that while the global economy is facing a slowdown, India is slated to become one of the fastest- rowing major economies in 2022 and 2023. Indian economic activity is showing resilience against the backdrop of the Global slowdown. RBI again hiked the repo rate by 0.35% to 6.25% to address inflation. Climate conference COP 27 was concluded in Egypt with some developments in finance and mechanism to achieve environmental targets. Markets were bullish and jumped around 10% in the last two months.
Key Merger and Acquisition include Asahi Songwon Colors Ltd. acquiring bulk pharmaceutical (API) manufacturer Atlas Life science. In this transaction, Vora Corporate Finance acted as financial advisor to Atlas Life science and Asahi Songwon Colors Ltd. And, Zoomcars merged with a Special Purpose Acquisition Company (SPAC) called Innovative International Acquisition Corp (There is a small note on SPACs). To read more, Click Here.