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Indian firms’ foreign investment trebles to $ 7.64 bn

Indian firms’ foreign investment trebles to $ 7.64 bn

During April, overseas direct investment by Indian companies trebled to $7.64 billion, from $1.89 billion in March. As many as 499 deals were carried out by the Indian companies during the first month of the current fiscal to carry out the outward foreign direct investment, data from the Reserve Bank showed on June 13. Bharti Airtel, ONGC Videsh, Suzlon Energy, GMR Infrastructure, Amtek Auto and Tractors and Farm Equipment were among the major companies that invested in their overseas arms durin

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3i deploys Rs 700 cr on infra projects

3i deploys Rs 700 cr on infra projects

T3i India Infrastructure Fund, part of the UK-listed 3i group, has invested about $157 million (about Rs 700 crore) in road and power projects, taking close to four months to close the deals as increased approvals from authorities and the fund’s own stricter due diligence extended the time.

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OVL races for oil block

OVL races for oil block

An unknown company has outbid ONGC Videsh’s bid to buy Exxon Mobil’s 25 per cent stake in a deep-sea oil block in Angola.

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KPTL order book up Rs 950 cr

KPTL order book up Rs 950 cr

Kalpataru Power Transmission (KPTL) has secured orders worth Rs 950 crore. The company has won three contracts from Power Grid Corporation worth Rs 546 crore.

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