Core Industries posted modest growth in June with the tapering of the Covid-19 wave. GST numbers of July are also robust. However, inflation has remained above benchmark for consecutive second month. Stock markets stayed bullish and Realty sector saw a 10-year high in the month of July 2021.
Key M&A and Private Equity deals include Japanese Sumitomo Mitsui Bank’s acquisition of majority stake in Fullerton India Credit Company, marking entry in Indian financial industry and Walmart backed Flipkart raising $3.6 billion in funding as competition intensifies in the Indian online retail market.