VIKASA Capital Advisors News: August 2020

“US-India friendship has scaled many heights in the past. Now it is time our partnership plays an important role in helping the world bounce back faster after the pandemic,” Modi said at the India Ideas Summit organized by the US-India Business Council (USIBC). Modi said India has what is needed to power the global economic recovery. “The rise of India means a rise in trade opportunities with a nation that you can trust. A rise in global integration with increasing openness,” he said.

VIKASA Capital Announces Creation of Natural Resources SPAC

Earlier this year, VIKASA Capital partnered with The Racon Companies to create a natural resources-focused special purpose acquisition company, the Racon Natural Resources SPAC. Recognizing the ongoing global need for the natural resources which underpin modern society, and growing distress in natural resource companies, VIKASA and Racon conceived an investment strategy to provide liquidity to distressed energy, clean technology, and rare earths minerals assets utilizing the advantages of the special purpose acquisition company structure. With an ESG-driven focus on operational sustainability and financial stewardship, the Racon Natural Resources SPAC is on target for a $100 million capital raise with an IPO in the fourth quarter of 2020.

VIKASA Capital Advisors News: July 2020

ndian stocks rose for a third straight session on signs of a revival in economic growth even as coronavirus cases continue to rise.

The S&P BSE Sensex climbed 0.5% at the close in Mumbai, marking its highest close since March 6. The measure scored a third consecutive weekly gain, the longest stretch since November. The NSE Nifty 50 Index also added 0.5% on Friday. Gains in global equities after a better-than-expected U.S. jobs report gave a further boost to sentiment.

VIKASA June 2020 Newsletter

A promising Coronavirus vaccine candidate cleared a key hurdle this week, when Moderna Therapeutics entered phase two of clinical trials. The move signals that the company’s mRNA vaccine has passed its initial safety checks and has met an important milestone in bringing this drug closer to the public and commercial markets.

VIKASA February 2020 Newsletter

Asserting that the Indian economy is well-poised to take off, Union minister Piyush Goyal on Thursday said there is a lot of enthusiasm for making investments in the country.
Speaking at a session at the World Economic Forum (WEF) annual summit here, the Commerce and Industry Minister also said the government will hold discussions with Britain and European Union on free trade agreements. Britain is set to leave the European Union by end of January.

VIKASA January 2020 Newsletter

India’s economy could take a sharp upturn to 7.1 per cent in FY2021 from 5.7 per cent in FY2020, Bloomberg Economics has said. The report said the structural measures taken by the Modi government to boost the economy would play a crucial role in bringing in foreign indirect investment, which would be crucial for India in times of trade wars. “We expect gross domestic product growth to rise sharply in fiscal 2021 ending March, to 7.1 per cent from an estimated 5.7 per cent in fiscal 2020,” said the report.

VIKASA December 2019 Newsletter

Finance Minister Nirmala Sitharaman said in a written response to a question in Lok Sabha on Monday that while the economy has slowed down, India is still the fastest growing country among the G-20 nations. Sitharaman said that India is still projected by the International Monetary Fund to be the fastest growing G-20 country in 2019-20.

VIKASA November 2019 Newsletter

India climbed 14 rungs in the World Bank’s Ease of Doing Business 2020 survey to stand at 63, among 190 countries, making it the one of world’s top 10 most improved countries for the third consecutive time.

The sharp rise in the ranking underscores the reformist credentials of the Narendra Modi-led National Democratic Alliance (NDA) government and may help the country lure multinational companies, looking at alternatives to China for investment amid Beijing’s trade war with the US.