Indian companies were part of deals worth a record $97.6 billion this year, pushing the total past a previous annual peak of $92.3 billion. The number of higher-value deals, above $100 million, rose to 36 this year. Only 20 such deals ere recorded in the year-ago period. Walmart's $16 billion acquisition of a majority stake in e-commerce giant Flipkart has been the biggest so far. According to a Bloomberg report, the following helped in taking the number closer to $100 billion: India’s bankruptcy process bringing more than $26 billion in distressed steel assets on the block, price war in telecom forcing consolidation, and investments by private equity and venture capital funds. More billion-dollar deals, including UK drugs giant GlaxoSmithKline plan to sell its $1.3 billion stake in local consumer health subsidiary, are being weighed.

Indian companies were part of deals worth a record $97.6 billion this year, pushing the total past a previous annual peak of $92.3 billion. The number of higher-value deals, above $100 million, rose to 36 this year. Only 20 such deals ere recorded in the year-ago period. Walmart's $16 billion acquisition of a majority stake in e-commerce giant Flipkart has been the biggest so far. According to a Bloomberg report, the following helped in taking the number closer to $100 billion: India’s bankruptcy process bringing more than $26 billion in distressed steel assets on the block, price war in telecom forcing consolidation, and investments by private equity and venture capital funds. More billion-dollar deals, including UK drugs giant GlaxoSmithKline plan to sell its $1.3 billion stake in local consumer health subsidiary, are being weighed.