Dealmaking activity in India rose in 2020 despite the Covid-19 pandemic plaguing the economy. But that wouldn’t have been the case if not for Mukesh Ambani frenzied fundraising spree for his digital and retail ventures. The value of business deals in India—both through mergers and acquisitions, and private equity—rose 29% in 2020 over the previous […]

India will soon make available many more Covid-19 vaccines to other countries after two locally manufactured jabs have already been introduced to the world, Prime Minister Narendra Modi said in his address at the World Economic Forum’s online Davos Agenda Summit on Thursday. Modi also said he wants to assure the global business community that […]

Domestic passenger traffic growth in India was 49.6% lower in November last year as compared to the corresponding month in 2019, said global airlines body IATA on Thursday. “In India, domestic RPKs contracted by 49.6% year-on-year in November vs. 55.6% fall in October. A further improvement is expected in the near-term as more schools and […]

Domestic rating agency ICRA Ratings expects the technical recession in the country’s economy to end in the fourth quarter of the current fiscal, limiting the contraction to 7.8% in the financial year 2021. In the second quarter of financial year 2021, GDP contracted 7.5% as against a decline of 23.9% in the April-June quarter. With […]