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India Companies overseas direct investment fell 84 per cent to USD 399.06 million in August, data from RBI showed. Indian companies had made an investment of USD 2.47 billion in the markets abroad during the same period last year. Compare to July this year, direct investments in August were down by 82.6 per cent. The investments were in the form of issuance of guarantees (USD 97.14 million), loans (146.36 million) and equity (USD 155.56 million). Palava Dwellers Pvt Ltd was among the biggest investors, which invested 21.75 million in its wholly owned subsidiaries in Jersey, Mauritius and The Netherlands. WNS Global Services invested USD 15.35 million in a joint venture in the UK, General Insurance Corporation infused USD 11.9 million in a wholly owned business in South Afric...

Top industry leaders today said RBI Governor Raghuram Rajans decision not to take a second term will be "nation's loss" as he brought economic stability and enhanced Indias credibility on the world stage. India Inc led by Anand Mahindra, Deepak Parekh, NR Narayana Murthy, Kiran Mazumdar-Shaw, Mohandas Pai hoped that Rajan's successor will continue with the good work he did although industry chambers CII and FICCI declined to comment. Reacting to the development, Mahindra & Mahindra Chairman Anand Mahindra said he was "saddened" to hear about Rajan's decision to opt for academia at the end of his current term. "In my travels around the world and encounters with leading overseas businessmen, it became clear that during his tenure he greatly enhanced the credibility and bankabilit...

Tag: India Inc

Indian Companies Foreign Investment Fell 84% in Aug at $399 Million

What Industrialists Said After Raghuram Rajans Decision Over 2nd Term