JC Penney, which employs about 85,000 people, filed for bankruptcy protection in May after Covid-19 pandemic forced it to temporarily shut its more than 800 stores across the US
The financing squeeze has already taken a toll on the country's economic expansion, which in turn erodes borrowers' capability to repay further
Compared to the previous month (July 2019), August, 2019, witnessed a steep downturn in M&A activity with an over 5x fall in deal value
Indian companies have made acquisitions of $1 billion so far in January
In 2016, 388 deals worth $64.5 billion were recorded
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Following the significant rise in deal activity in April, M&A deal value for the first four months of the year amounted to $12.57 billion, registering a jump of 49% over the January-April 2015
Cross-border deal activity involving Indian companies was marginally lower during March 2016 quarter