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Top headlines: India's Q1 GDP grows 20.1%; PayU buys BillDesk for $4.7 bn

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Industrial output, factory output, IIP, Indian economy, GDP, Manufacturing,
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India's GDP growth accelerates to 20.1% in Q1FY22 on low base

Indian economic growth touched a record high in the quarter through June, reflecting a very weak base last year, a rebound in consumer spending, and improved manufacturing in spite of a devastating second wave of Covid cases, government data showed on Tuesday.

Gross domestic product rose 20.1% in the three-month period, compared with a record contraction of 24.4% in the same quarter a year earlier. Read more

PayU acquires BillDesk for $4.7 bn in one of largest Indian fintech deals

Fintech services provider PayU will acquire BillDesk for

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