With investor confidence in the Indian market continuing to grow on the back of a resilient consumer base, stabilising economic indicators, manageable inflation and healthy industrial growth, the first quarter of calendar year 2024 (January-March) witnessed increased deal activity in the consumer and retail space with 102 deals at USD 1,748 million. This reflects positive outlook and that opportunities for investment are ripe, particularly in the food and beverages, FMCG, retail and digital growth sectors, the Grant Thornton Bharat Consumer and Retail Dealtracker report shows.
However, the consumer industry reported a decline in M&A activity compared to Q4 2023 with volumes declining to 14 deals from 17 deals in Q4 2023. This is potentially an outcome of the impending elections leading the businesses to adopt a cautious approach, coupled with sluggishness in consumer spending, leading to slow revenue growth.
This story is from the April 20, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 20, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Elon Musk To Launch Starlink In Indonesia
According to state meAdia, SpaceX founder Elon Musk will visit Indonesia to oversee the launch of the company's Starlink internet satellite service in the country on May 19.
Blinken Announces 2 Bn Military Aid For Kyiv, Limits Use To Ukraine
The Biden administration, during US Secretary of State Antony Blinken's recent visit to Kyiv, announced plans to provide additional military aid worth USD 2 billion to Ukraine amidst its ongoing conflict with Russia, as reported by the Washington Post.
BMW Launches X3 X Drive20d M Sport Shadow Edition In India
The BMW X3 xDrive20d TM Sport Shadow Edition has been launched in India today. This special edition of the successful SAV, BMW X3, is available in the diesel variant at all BMW India dealerships and BMW Online shop from today onwards.
China Vows Firm Response To US Tariff Hike
Voice Voice of America (VOA) reported that in response to the US's decision to raise tariffs on imports from China, Chinese officials have strongly vowed to retaliate, emphasizing that this action will significantly impact bilateral cooperation with the US.
Bombay High court rules against slander campaign on Malabar Group
The Bombay High Court has, on Thursday, May 9th, issued a strong verdict against those defaming and disseminating misinformation across social media platforms against Malabar Group's scholarship programme that provided education scholarships to 77,000 underprivileged girl students across the country.
Reliance Retail Teams Up with UK’s ASOS for Indian Market
Real etail, India's foremost retailer, and ASOS, the UK's premier online fashion destination for individuals in their twenties, announced a long-term collaboration aimed at revolutionizing India's fashion scene.
INDIA EMERGES AS A GLOBAL MANUFACTURING HUB," SAYS ASHWINI VAISHNAW
India is becoming the manufacturing hub of the world says Union Minister Ashwini Vaishnaw while speaking at the event Viksit Bharat
SUPREME COURT REJECTS PLEA T0 ABORT 30-WEEK PREGNANCY: WHAT ABOUT RIGHT OF CHILD IN WOMB?
The Supreme Court in the case H versus Union of India And Anr observed and has dismissed the petition filed by women wherein seeking termination of her pregnancy which crossed 30 weeks of gestational age.
Delhi High Court: Public Policy While Considering Enforcement Of Foreign Awards Has To Be Constructed Narrowly, In Consonance With International Notions [Arbitration Act]
The Delhi High Court in the case Mercator Ltd. Vs Dredging Corporation Of India Ltd And Connected Matters observed and has held that the public policy argument while considering enforcement of foreign awards has to be construed narrowly and in consonance with international notions of public policy.
SENIOR ADVOCATE KAPIL SIBAL ELECTED AS PRESIDENT OF SUPREME COURT BAR ASSOCIATION
Senior Advocate Kapil Sibal has won the election to the post of the President of the Supreme Court Bar Association.
