The United States ranks as the second-highest recipient of Indian corporate fund flows after Singapore
L&T, Tata Steel and state-owned Bharat PetroResources are among the companies that made substantial investments overseas in 2024
Domestic companies made investments of USD 2.66 billion in their overseas subsidiaries and joint-ventures in the year-ago month, February 2020.
FDI increased by Rs 4,33,300 crore, including revaluation of past investments, during 2017-18 to reach Rs 28,24,600 crore in March 2018 at market value, according to RBI data on 'Census on Foreign Liabilities and Assets of Indian Direct Investment Companies, 2017-18'.
The growth rate is unchanged from the January-September period, according to the Ministry of Commerce.
Indian companies had made an investment of USD 2.47 billion in the markets abroad during the same period last year.
The share of non-financial companies in total foreign equity participation was much larger at Rs 3,02,950 crore at face value as compared with financial companies at Rs 54,840 crore, as per the data released by RBI on Friday.
JSW Steel, REI Agro, Larsen & Toubro, Pearl Global Industries, Dr Reddy's, TCS and Tafe Motors and Tractors were among the major investors which put money into their foreign units during the month.
The RBI said that funding of overseas direct investments by External Commercial Borrowings will continue with the limit of 400 percent networth. The central bank had earlier cut the limit from 400 percent to 100 percent.
Apollo Tyres on Monday said that the Reserve Bank‘s (RBI) notification to reduce the limit on overseas direct investments (ODI) will not foil the USD 2.5 billion Cooper Tire acquisition, reports CNBC-TV18‘s Ronojoy Banerjee.
Market experts say, in a reaction to CNBC-TV18, that the RBI measures signal the central tightening the noose on the rupee depreciation and that there will be little impact on the USD when it opens on Friday.
Overseas direct investment by Indian companies rose by 13.6 per cent over the previous month to USD 2.31 billion in November, data from the Reserve Bank showed.
Facing economic slow down after decades of high growth, China continued to face a decline in Foreign Direct Investment (FDI) which dropped for the fourth consecutive month in September, China's Ministry of Commerce said today.
Gold prices remained unchanged at Rs 30,200 per 10 grams on reduced offtake in the bullion market here today, while silver rose by Rs 200 to Rs 53,500 per kg on fresh buying.
Overseas direct investment by Indian companies fell to USD 1.24 billion in July from USD 3.53 billion in June, the Reserve Bank said today.
India Inc beware! RBI is considering overhauling the regulatory regime for overseas direct investment by Indian companies, reports CNBC-TV18's Menaka Doshi quoting sources.