L&T looks overseas to offset weak home market; Q4 net profit falls
India's largest engineering and construction group, will look overseas to offset a weak economy and project bottlenecks at home that led to a bigger-than-expected profit drop. Article | Full Coverage
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FDI inflows in October at $1.94 billion, up 67 percent
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NEW DELHI |
NEW DELHI (Reuters) - Foreign direct investment (FDI) inflows into India jumped 67 percent in October to $1.94 billion, a government statement said on Friday, but inflows for the current financial year were still down.
Total FDI inflows in the first seven months for the current fiscal year that began in April were down 42 percent from a year earlier at $14.79 billion, the statement said.
(Reporting by Manoj Kumar, editing by Anurag Kotoky)
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