IMF said that while global economy is facing a slowdown, India is slated to become one of the fastest growing major economies in 2022 and 2023. United Nation’s climate change conference, Cop27 started in Egypt. Sensex crossed 60K and Nifty crossed 18K as global cues are turning out to be favorable for India and FIIs are becoming net investors.
Key Merger and Acquisition and PE deals include Zoomcar merger with a Special Purpose Acquisition Company (SPAC) called Innovative International Acquisition Corp (There is a small note on SPACs) and Torrent Pharmaceuticals acquiring 100% stake in Curatio Healthcare. To read more, Click here.