India logs record $97.6 billion in deals this year
Indian companies have been involved in deals worth a record $97.6 billion this year, breaking previous annual peak of $92.3 billion, according to Bloomberg. Walmart's $16 billion acquisition of a majority stake in Flipkart has been the biggest deal so far. UPL's $4.2 billion acquisition of Arysta LifeScience is the largest overseas acquisition by an Indian company for the year.