Domestic economic activity has started normalizing with the receding of the second wave of Covid-19 and the phased reopening of the economy as GDP grows 20% YoY in Q1 FY21. Indian equity markets have remained bullish in the month of August. There has been a record number of IPOs in August with mixed performance on listing.

Key M&A & Private Equity Deal include Adani Group to acquire MBCPNL portfolio from Sadbhav Infrastructure and software startup Postman, which is cofounded by ISB Alumni Ankit Sobti, raising $225 million at a valuation of US$5.6 Billion.