Indian firms’ foreign investment dips 84% in August
Indian firms’ overseas direct investment fell by 84% to $399.06 million in August as against $2.47 billion in the year-ago period, the Reserve Bank of India stated. The investments constituted issuance of guarantees ($97.14 million), loans ($146.36 million), and equity ($155.56 million). Palava Dwellers was among the biggest investors, which invested $21.75 million in its overseas subsidiaries.