$98 billion: That's the worth of deals struck by Indian companies in 2018

Technology, media and telecom along with financial services will remain the most active sectors for inbound deal-making

Indian companies have been involved in deals worth a record $97.6 billion this year. Top banker JPMorgan Chase & Co. is predicting more offshore interest in the nation, particularly in technology, media and telecom.
 

Walmart Inc.’s $16 billion acquisition of a majority stake in Indian e-commerce company Flipkart Online Services Pvt. Ltd. -- a deal JPMorgan advised -- has been the biggest so far, pushing the total past a previous annual peak of $92.3 billion, according to data compiled by Bloomberg. India’s bankruptcy process has also spurred activity with more than $26 billion in distressed steel assets coming on the