INSUBCONTINENT EXCLUSIVE:
Overseas investment of Indian corporates fell in February 2022Mumbai: Overseas investment of Indian corporates fell 67 per cent to $753.61
million in February this year, according to the Reserve Bank of India (RBI) dataThe central bank data showed that domestic investors had
pumped in $2.28 billion in overseas ventures as part of the outward foreign direct investment (OFDI) in February 2021.Of the total invested
amount during the last month, $237.84 million was in the form of equity infusion, $230.06 million as loan and $285.72 million by way of
issuance of guarantees, the data on foreign direct investment (FDI) for February 2022 showed.Comparing month-on-month, the investment fell
56 per cent from $1.71 billion in January 2022.ONGC Videsh Limited with $47 million investment in a joint venture in Russia and Titan with
