foreign direct investment: FDI into I&B sector drops 78% to ₹332 cr in Dec qtr
Foreign Direct Investment (FDI) in India's information and broadcasting sector, including print media, decreased by 78% to ₹332 crore in Q3 of FY24, down from ₹1,535 crore in the same period last year. However, the sector received FDI worth ₹6,390 crore in the first nine months of FY24, compared to ₹2,925 crore in the same period in FY23. Notable investments include Bodhi Tree Systems' ₹4,306 crore investment in Viacom18 and Warner Music India's ₹67 crore fund infusion from WEA International.
Source: indiatimes.com