RBI maintained the repo rates in the April policy meeting. The retail inflation also eased in April which should reflect favorably on RBI’s decision on rates on next MPC meeting also.The global banking crisis, that started in March, saw failure of one more large US bank, however it increasingly looks that the crisis has been contained. Despite of the ongoing turbulences in the global market, The Indian Stock markets have
gained strength. Sensex and Nifty 50 improved by almost 3.60% to close at 61,112.44 and 4.06% to close at 18,605.00 respectively.
Key Private Equity and M&A deals include Temasek buying 59% controlling stake in Manipal Health Enterprises, which is till date the largest healthcare deal in India and Fortis Healthcare Limited acquiring Manesar Unit of Medeor Hospitals Limited. To read more, Click Here.