62705
Indian Firms’ FDI Doubles
World Economy

Indian Firms’ FDI Doubles

Indian companies’ foreign direct investment in March in their overseas ventures more than doubled to $2.99 billion, according to data released by the Reserve Bank of India on Tuesday, PTI reported. During the same month last year, Indian firms had invested a total of $1.42 billion into their overseas joint ventures or subsidiaries. The March 2017 overseas investments were much higher than those in February at $867.53 million, the RBI said. These investments came in the form of equities totaling $1.99 billion, loans of $742.60 million and issue of guarantees worth $251.40 million. The major investors include Bharti Airtel with $765.20 million, Tata International at $179.22 million, and state-run ONGC Videsh investing $75.49 million.

Short URL : https://goo.gl/pqhFgS
  1. https://goo.gl/QmKTeg
  • https://goo.gl/FDAZpb
  • https://goo.gl/T9wyyS
  • https://goo.gl/1j3tu2
  • https://goo.gl/X9RWPm

You can also read ...

Saudi Arabia Bleeds as Capital Flight Continues
As Saudi Arabia raises the stakes in its dispute with Canada...
 Final Nail in Abraaj Coffin
The Abraaj Group has been put through the ringer in past...
Experts Say China Economy Manageable
Recent external pressures, a general global trade malaise...
Qatar Pledges $15b Investment :      Turkish Lira Weakens 6% on Threat of More US Sanctions
Turkey’s battered lira weakened more than 6% against the...
Europe Should Resist Illegal US Penalties
European countries should take effective steps to counter US...
Indonesia Sets Moderate Growth Goals
Amid rising external pressures, Indonesia’s economy is...
Australia Drought Could Cost $12 Billion
The Reserve Bank of Australia and a new report have warned of...
 Crypto Scams on the Rise in UK
Crypto currency scams are using images of celebrities and...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus