Indian economic activity is showing resilience against back drop of 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. The Domestic market is now seeing gains for the second month straight. Sensex and Nifty both increased by 4% each.
Key Merger and Acquisition deals include Blackstone acquiring a majority stake of 52% in R Systems Ltd. and Dental chain, Clove Dental, raising Rs. 545 Crore in a round led by Investcorp. To read more, Click Here.