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.

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VIKASA Capital Advisors News: June 29, 2020

The world’s fifth biggest economy, India, will rebound in 2022 following a deep contraction due to the coronavirus pandemic, S&P Global Ratings said.
According to the report, growth is expected to pick up 8.5 percent after the GDP’s five-percent contraction in the current fiscal year, which ends in March 2021.

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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.

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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.

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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.

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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.

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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.

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First Oklahoma Annual Investors Conference To Be Held November 7 in Oklahoma City

The first Oklahoma Annual Investors Conference will be held Thursday, November 7 at the Colcord Hotel in Oklahoma City. The conference will connect the financial ecosystem by welcoming institutional investors, fund managers and prominent public figures from across the world to participate in a full day of panel discussions, keynote presentations and networking opportunities.

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VIKASA October 2019 Newsletter

India’s government escalated efforts to repair economic growth with a surprise $20 billion tax cut, taking the rate for companies to one of the lowest in Asia. Domestic companies will pay 22% tax on their income from April 1, 2019, versus 30% previously, Finance Minister Nirmala Sitharaman said Friday. The effective rate, including all additional levies, will be 25.2% and applicable on companies that aren’t availing any incentives or exemptions. India’s key S&P BSE Sensex rose 5.3% in Mumbai, the biggest gain in a decade, and the rupee rallied after the announcement. Sovereign bonds slumped as fiscal concerns came sharply back to the fore.

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VIKASA September 2019 Newsletter

Private equity and venture capital investments in India crossed $8 billion in July — the highest fund infusion in a month by PE/VC funds — amid strong investment activity in infrastructure and real estate asset classes, an EY report said on Monday. According to EY’s private equity deal tracker, July 2019 recorded investments worth $8.3 billion across 106 deals against $1.8 billion in July 2018 through 70 deals.

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