Q4 net falls 6.9 percent, lags forecast
Larsen and Toubro Ltd (L&T) posted a worse-than-expected 6.9 percent fall in quarterly profit as interest costs jumped for India's biggest engineering and construction company. Article | Full Coverage
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Indian companies park $2.57 billion overseas in Dec: RBI
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MUMBAI |
MUMBAI (Reuters) - Indian companies directly invested $2.57 billion overseas in December, higher than $2.31 billion a month earlier, data from the RBI showed on Tuesday.
Bank guarantees for such investments rose to $1.38 billion, from $1.37 billion in November, though equities fell to $676.30 million from $713.27 million.
Loans increased sharply to $517.98 million from $225.85 million, the data showed.
(Reporting by Shamik Paul; Editing by Jijo Jacob)
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