Foreign portfolio investors (FPIs) have taken out ₹1,30,491 crore between January and May 2020, making it the worst period in 5 years. March witnessed the maximum monthly outflow since 2016.
Astral Poly Technik, a FORTUNE INDIA 500 lister since 2016, and one of FORTUNE INDIA’s TOP 100 Wealth Creators in 2019, sees consolidation picking up in the pipe industry due to the Covid-19 pandemic.
The investment was led by Inventus Capital India, along with Blume Ventures, US-based Emergent Ventures, Singapore-based Jetty Ventures, and Udaan’s co-founder Sujeet Kumar.
Venture capital investment in healthtech hits $8.2 billion in the first quarter of 2020, the highest quarterly total on record, says Preqin; large deals continue to be made.
The latest repo rate cut marks 128 policy rate actions from the Reserve Bank of India, since April 2001; the repo and reverse repo rate have been tweaked 61 and 55 times each since then.
Balbir Singh Dhillon, head, Audi India, on the uncertainty in the auto sector, his assessment of the COVID-19 crisis, and the outlook for the luxury market.
Maruti Suzuki chairman R.C. Bhargava believes India has the resilience to overcome the pandemic. He explains what India’s largest carmaker is doing to fight the virus.
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
