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Indian firms abroad investments fall to $ 1.94 bn in Aug

Indian firms abroad investments fall to $ 1.94 bn in Aug

Amid the Reserve Bank of India's (RBI) tightening norms, overseas investment by Indian companies declined sharply to $1.94 billion in August. The RBI has clamped norms for outbound investments by the domestic firms to contain rupee slide. A month ago in July, the Indian firms had invested $ 3.24 billion in their various entities overseas.

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Paradip port handles 21% more cargo in Aug

Paradip port handles 21% more cargo in Aug

During the last August, Paradip Port Trust (PPT) handled 5.91 million tonne (mt) cargo of imports and exports, compared with 4.88 mt handled in the same month last year, registering a growth of 21.07 per cent. The August figure is also 13.29 per cent higher than the target fixed for the month. During the month, 2.42 mt cargo was exported and 3.49 mt was imported through the port.

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Airport works stopped

Airport works stopped

In Karnataka, the upcoming greenfield airports in Gulbarga and Shimoga may not get ready by the end of this year. Both projects, being built on a public-private partnership (PPP) model, stand grounded.