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The growth in advances to agriculture and allied activities accelerated to 11.3 per cent in April 2021 as compared to a 4.7 per cent growth in April 2020

India Inc's outward FDI halves to $1.93 billion in March SECTIONS Last Updated: Apr 15, 2021, 04:48 PM IST Share Synopsis Of the total investment committed by the Indian investors in their foreign joint ventures/wholly owned subsidiaries in March this year, USD 1.15 billion was in the form of issuance of guarantees. Domestic firms had invested USD 3.86 billion as outward foreign direct investment (OFDI) in the year-ago month of March 2020. India Inc's outward foreign direct investment in March 2021 nearly halved to USD 1.93 billion (around Rs 14,495 crore), according to the RBI data. Domestic...

After a record surge of $18.76 billion in FY20, money transfers nosedive, thanks to the Covid-19 induced lull

India Inc's overseas direct investment declines 31% to $1.85 bn in Feb RBI said the data is provisional and is subject to change based on online reporting by the banks.Premium 1 min read . Updated: 07 Mar 2021, 03:22 PM IST PTI Of the total investment made by Indian firms in foreign markets, $1.36 billion was in the form of loan, $297.37 million comprised as equity investment and the rest of $183.82 million was by way of issuance of guarantee, according to the RBI data Share Via Read Full Story MUMBAI : India Inc's overseas direct investment fell by 31% to $1.85 billion in February this yea...

IT sector sales up 5.2% in 3rd quarter of 2020-21: RBI data Premium . Updated: 05 Mar 2021, 07:19 PM IST PTI Information technology (IT) sector remained in positive terrain throughout the Covid-19 pandemic period and their sales increased by 5.2% (Y-o-Y) in Q3:2020-21, the RBI said Share Via Read Full Story MUMBAI : Information technology (IT) sector remained in the positive terrain throughout the COVID-19 pandemic period and its sales increased by 5.2% year-on-year in the third quarter of 2020-21, according to the RBI data on performance of private sector corporate released on Friday. The ...